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How Has the Trust And Corporate Service Market Size Changed, over the years?

The market size for trust and corporate services has been experiencing a solid growth in recent years. It is projected to increase from $13.65 billion in 2024 to $14.33 billion in 2025, with a compound annual growth rate (CAGR) of 5.0%. This surge in the historical period can be linked to high-net-worth individuals’ demand for trust services, burgeoning business opportunities in developing markets, a necessity for planning and efficient transitions of family-held industries, changing consumer preferences and demographic influences, and the proliferation of entrepreneurship and new businesses.

How Much Will the Trust And Corporate Service Market Be Worth in 2029?

The market size of trust and corporate services is projected to consistently expand in the coming years, rising to $17.25 billion in 2029 with a compound annual growth rate (CAGR) of 4.7%. This projected growth within the forecast period can be linked to factors such as the enforcement of anti-money laundering (AML) regulations, increased recognition of cybersecurity risks, the transfer of wealth across generations, ongoing adjustments and alterations in laws and regulations, and the demand for effective, tax-efficient structures. In the same forecast period, significant trends including the digital transformation fostering efficient service delivery, advances in healthcare and biotech, government initiatives and incentives, innovative financial products, and geopolitical changes are expected to be seen.

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Which is the Largest Company in the Trust And Corporate Service Market?

Major companies operating in the trust and corporate service market are KPMG International Limited, Vistra Group, The Citco Group, Intertrust Group, Corporation Service Company, Wilmington Trust, TMF Group, Sanne Group, Trident Trust, Ocorian, Aztec Group, Teneo, JTC Group, Hawksford, Tricor Group, Sovereign Group, IQ-EQ Group Holdings, Capital Trust Company, Athos Group, KYC Global Technologies Limited

What Are the Main Market Drivers in the Trust And Corporate Service Industry?

The trust and corporate service market are anticipated to observe significant growth owing to the rising count of high-net-worth individuals (HNWIs). HNWIs are individuals with extensive financial assets and investments considerably above a certain threshold. A surge in such individuals is a result of economic expansion, more investment options, and substantial returns in sectors like technology and finance, all culminating in wealth accretion. HNWIs utilize trust and corporate services for asset management and protection, effective tax strategies, as well as planning for estate and succession. As per UBS Group AG, an investment bank and financial services company based in Switzerland, there was close to a 2.5% increase in the average wealth per adult in the United States in July 2024. This rise is akin to Norway’s rate and about a third of the growth rate observed in Mainland China. Turkey has seen remarkable growth in adult wealth – a whopping 157% increase between 2022 and 2023. Hence, the growing population of HNWIs underpins the growth trajectory of the trust and corporate service market.

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How Is the Trust And Corporate Service Market Segments Structured?

The trust and corporate servicemarket covered in this report is segmented –

1) By Type: Company Establishment And Registration Services, Company Management Services, Accounting And Tax Services, Financing And Banking Services, Trust Fund Services, Asset Substance Service, Other Types

2) By Application: Large Enterprises, Small And Medium Enterprises

3) By End-User: Corporate, Institutional, Private

Subsegments:

1) Company Establishment And Registration Services: Incorporation Services, Business Licensing

2) Company Management Services: Corporate Governance, Compliance Management

3) Accounting And Tax Services: Bookkeeping, Tax Compliance

4) Financing And Banking Services: Fund Management, Loan Services

5) Trust Fund Services: Estate Planning, Trust Administration

6) Asset Substance Service: Asset Valuation, Asset Protection

7) Other Types: Legal Services, Regulatory Advisory

What Are the Latest Trends in the Trust And Corporate Service Market?

Leading firms in the trust and corporate service market are shifting their focus towards technological innovation, taking advantage of Software-as-a-Service (SaaS) platforms built on cloud technology. This move aims to improve operational competency, manage compliance effectively, and enable scalable solutions for clients around the world. The integrated features of these platforms such as real-time data analytics, automated compliance reporting, and secure file management, help the firms increase transparency while minimizing manual tasks. For example, TrustQuay, an IT and services company based in the US, introduced TrustQuay Online in April 2022. This is the first holistic cloud-based SaaS platform uniquely designed for the corporate services and trust administration market. The goal of this ground-breaking platform is to optimize operations and boost service provision for businesses within these sectors. TrustQuay Online provides a fully combined toolkit that addresses diverse aspects of corporate services and trust administration, enabling users to organize their operations effectively. The platform emphasizes enhancing the user experience by offering user-friendly interfaces and features tailored to satisfy the specific demands of corporate service providers.

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Which Global Regions Offer the Highest Growth in the Trust And Corporate Service Market?

North America was the largest region in the trust and corporate service market in 2024. The regions covered in the trust and corporate service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the trust and corporate service market, and how is it changing globally?

2. Who are the major companies in the trust and corporate service market, and how are they performing?

3. What are the key opportunities and risks in the trust and corporate service market right now?

4. Which products or customer segments are growing the most in the trust and corporate service market?

5. What factors are helping or slowing down the growth of the trust and corporate service market?

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