Asset management refers to managing tangible or intangible assets. An asset management company serves as an advisor to clients, with a goal to maximize returns. Asset management firms are hired by institutional investors such as pension funds, corporations, and high net worth individuals. The asset management firms require IT solutions for managing assets such as equity, fixed income, real estate, commodities, and international investments. These IT solutions mainly comprises software solutions for business operations including portfolio management, compliance, and trade execution among others.

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The U.S. asset management IT solution market was valued at US$ 1,005.7 Mn in 2019 and is anticipated to advance at a CAGR of 5.3% from 2020 to 2024, to attain a market size of US$ 1,298.2 Mn in 2024. Key factors driving the growth of the U.S. asset management IT solution market are growth in Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs), and rising complexities in financial regulations. On the other hand, regulatory issues and concerns related to data security are some of the major aspects hampering the growth of the market. The roll-out of Robo-advisors is expected to provide growth potential to players of the asset management IT solution market.

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U.S. Asset management IT services market based on component is expected to dominate the market throughout the forecast period till 2024. Enterprise data management service area is anticipated to see fastest growing trends in terms of services offered by IT solution providers. Reporting solutions & services recorded second largest market share in 2019 and this segment is expected to maintain its position throughout the forecast period, expanding at a CAGR of 5.6% from 2020 to 2024.

U.S. asset management IT solution market based on application area is expected to expand at a CAGR of 4.9% from 2020 to 2024 owing to the growing number of wealth managers in the U.S. Based on application, portfolio management accounted for the largest share, holding nearly 19% of the market share. This dominance can be primarily attributed to the growing customer base of investment management firms in the U.S.

On-premise software solutions recorded the largest share in the IT asset management solutions market followed by hybrid deployment. On-premise deployment is expected to hold significant share in the coming years due to rising security concerns over the cloud and to ensure data leakage prevention of the client’s critical financial information.

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The U.S. asset management IT solution market recorded major market share in Northeast U.S. However, highest growth is expected from the Western U.S. region. This growth can be attributed to the rise in number of investment management firms to meet the rising demand for asset management. Furthermore, the adoption of Big Data in investment management further supports the growth of the asset management IT solution market in the U.S.

The U.S. asset management IT solution market is highly competitive in nature. Leading players such as

  • Hewlett Packard Enterprise Development LP
  • FundCount, SoftTarget Inc.
  • SimCorp Inc
  • QED Financial System,
  • eFront Financial Solutions
  • Broadridge Investment Management Solutions
  • ProTrak International
  • SunGard Financials
  • CreditPoint Software

are intensely focusing on expanding their solution portfolios to cater to asset managers around the globe with their customized solutions. Most of the companies are strategically aiming for long term alliances with investment management firms in order to sustain in this highly competitive market.

The U.S. asset management IT solution market report provides analysis of the U.S. asset management IT solution market for the period 2014 – 2024, wherein 2019 is the base year and the period from 2020 to 2024 is the forecast period. Data for 2014-2018 has been included as historical information. The report covers all the prevalent trends playing a major role in the growth of the U.S. asset management IT solution market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period. The study provides a holistic perspective on market growth, throughout the above forecast period in terms of revenue estimates (in US$ Mn), across different geographies in the U.S., which include Northeast, Midwest, West, and South. The report provides cross-sectional analysis of the U.S. asset management IT solution market in terms of market estimates and forecasts for all the segments across different geographic regions. This research report provides in-depth analysis of the U.S. asset management IT solution market on the basis of component, deployment model, and geography.

Key Questions Answered in This Report on the U.S. Asset Management IT Solution Market

  • How much revenue will the U.S. asset management IT solution market generate by the end of the forecast period?
  • What type of application is likely to have the maximum market share by 2024?
  • What regions currently contribute the maximum share to the U.S. asset management IT solution market?
  • What are the indicators expected to drive the U.S. asset management IT solution market?
  • What region is likely to be a lucrative market during the forecast period?
  • What are the essential strategies incorporated by key stakeholders in the U.S. asset management IT solution market to expand their geographical presence?
  • What are the major advancements witnessed in the U.S. asset management IT solution market?

This report answers these questions and more about the U.S. asset management IT solution market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business. 

This research study on the U.S. asset management IT solution market provides a detailed analysis of various components and their respective applications and services. The report also offers in-depth analysis of various factors such as market drivers, restraints, and growth opportunities affecting the market dynamics. These factors enable the analysis of various trends that would impact the market during the forecast period from 2020 to 2024. The report includes a comprehensive coverage of the underlying economic and technological factors under key trend analysis influencing the asset management IT solution market.

The report includes a comprehensive coverage of the underlying economic and technological factors under key trend analysis influencing the U.S. asset management IT solution market. Furthermore, the report aims to provide strategic insights about the investment management firms deploying IT solutions with the detailed analysis of their requirements pertaining to IT solutions.

Some of the key industry players in the U.S. asset management IT solution include Hewlett Packard Enterprise Development LP, FundCount, SoftTarget Inc., SimCorp Inc, QED Financial System, eFront Financial Solutions, Broadridge Investment Management Solutions, ProTrak International, SunGard Financials and CreditPoint Software.

U.S. Asset Management IT Solution Market: Research Methodology

This TMR report on the U.S. asset management IT solution market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The competitive scenario of the U.S. asset management IT solution market is supported by an assessment of the different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the U.S. asset management IT solution market arrive at predictions and estimations, and calculate the forecast for the market.

This report uses an analytical triangulation method to estimate the numbers and figures of the U.S. asset management IT solution market, with both a bottom-up and top-down approach.

This detailed assessment of the U.S. asset management IT solution market, along with an overview of the landscape, is provided based on a careful examination of the avenues related to this industry. Analysts’ conclusions on how the U.S. asset management IT solution market is set to grow are based on carefully vetted primary and secondary sources.

Key asset managers profiled in the research study along with their IT viewpoints and requirements include Barings Corporate Investors, Geode Capital Management, The Carlyle Group LP, Voya Investment Management, Lazard Asset Management, Bridgewater Associates and Hartford Investment Management. Co among others.

U.S. Asset Management IT Solution Market: Segmentation

This report on the U.S. asset management IT solution market provides information on the basis of component, application, and geography.

Component

  • Application
    • Portfolio Management
    • Compliance
    • Risk Management
    • Client Statements & Reporting
    • Trade Order Management
    • Workflow Automation
    • Benchmarking
    • Cash Flow & Accounting
  • Service
    • Enterprise Data Management
    • Data Integration
    • Reporting Solutions & Services
    • Operation Support & Monitoring
    • Application Development and Maintenance
    • Resource Management

Deployment Model

  • On-premise
  • Cloud-based
  • Hybrid

Geography, U.S.

 

  • Northeast
  • Midwest
  • West
  • South

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