Over the five years to 2014, industry revenue is forecast to grow. This growth in revenue is largely related to a recovery in AUC following the financial crisis. Since the recession, corporations and financial institutions have focused on cutting costs, managing risk and becoming compliant with a growing number of regulations. This has increased the industry's customer base over the past five years as corporations and financial institutions outsource these functions to custodial institutions. IBISWorld estimates the industry's expanding client base and improved asset prices will help increase revenue. Over the five years to 2019, industry revenue is projected to grow and several recent market developments will likely support future industry growth.
This industry comprises custodial bank and brokerage firms that primarily provide trust, fiduciary and custody services to corporations, investment funds and individuals. Industry operations consist of back-office processes for transacting securities, including settlement, accounting and record keeping. Other services include middle-office support such as securities lending, compliance pricing and performance analytics.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.