Asset Management IT Solution Market - Size, Share, Growth, Trends, and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 05/13/2019 -- 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 need IT solutions for managing assets such as equity, fixed income, real estate, commodities, and international investments. These IT solutions consist mainly of 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 report provides an analysis of the U.S. asset management IT solution market for the period 2014 – 2024, wherein 2015 is the base year and the period from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends playing a major role in the growth of the 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.
Majorly fuelling the asset management IT solution market in the U.S. is the proliferation of exchange traded funds (ETFs) in the country. ETFs gain preference due to their tax efficiency and high returns. This has upped the demand for asset management IT solutions that can help keep a record of price fluctuations and also provide support to asset manager to maximize returns on an asset.
The complicated financial regulations of the U.S. government is another key growth driver of the U.S. asset management IT solutions market. "The implementation of compliances, namely Dodd-Frank Act and Foreign Account Tax Compliance Act have resulted in additional reporting requirements from asset managers, which is further bolstering the IT asset management IT solutions market in the U.S.
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Further, the rising need for IT solutions for managing equity, real estate, fixed income, commodities, and international investments is another significant factor boosting the adoption of asset management IT solutions in the U.S. As per statistics Department of Commerce in the U.S., in 2015, U.S. asset managers held assets worth more than US$51 trillion of long-term conventional assets, which was slightly over 47% of global funds in the same year.