U.S. Asset Management IT Solution Market To Hold A High Potential For Growth By 2016 - 2024

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According to a new market research report published by Transparency Market Research “Asset Management IT Solution Market U.S. Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2024,” the U.S. asset management IT solution market was valued at US$ 1,005.7 Mn in 2019 and is expected to reach US$ 1,298.2 Mn by 2024, expanding at a CAGR of 5.3% during the forecast period.
U.S. Asset Management IT Solution Market in Brief
  • The U.S. asset management IT solution market registered a CAGR of 5.3% between 2020 and 2024. The market is projected to be driven by the growth in Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) and growing complexities in financial regulations. However, concerns over data security is impacting the growth of the U.S. asset management IT solution market.

  • The U.S. asset management IT solution market in the Northeast region is expected to remain dominant throughout the forecast period, due to the presence of large number of asset managers in the region. The Northeast region of the U.S. contributed more than one-third of the revenue generated by the overall asset management IT solutions in the U.S. However, the Western U.S. region is expected to see fastest growing trends in terms of adoption and revenue generation.
  • The U.S. asset management IT solution market for service segment is expected to lead the market during the forecast period, owing to rise in demand for comprehensive services such as analytics and data management by asset management companies
  • Based on deployment model, on-premise deployment is expected to remain dominant throughout the forecast period due to various risks such as data privacy associated with deployment of data on the cloud
The U.S. asset management IT solution market is segmented based on component, deployment model, and geography. On the basis of component, the market is segmented into application and services. The segments of the asset management IT solution market in terms of deployment model are cloud-based, on-premise, and hybrid.

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