Albany, NY -- (SBWIRE) -- 12/28/2018 -- U.S. Asset Management IT Solution Market: Snapshot

The growing need for IT solutions for the management of assets such as equity, fixed income, real estate, commodities, and international investments is the key factor boosting the deployment and adoption of asset management IT solutions across the globe. Within the U.S., the need for asset management IT solutions is spurred by the increasing number and value of asset managers in the country. The U.S. Department of Commerce states that in 2015, U.S. asset managers held over US$51 trillion worth of long-term conventional assets under management, which amounted to slightly over 47.0% of the global funds that year.

Get more Information about this Report @ https://www.transparencymarketresearch.com/us-asset-management-it-solution-market.html

The growth in exchange traded funds has also created a need for the management of IT solutions in the U.S. The market for asset management IT solutions in the country is projected to exhibit a CAGR of 5.1% from 2016 to 2024, rising from a valuation of US$828.5 mn in 2015 to US$1,298.2 mn by 2024.

On-premise Solutions Gain Preference over Cloud-based Deployment Model

By component, asset management IT services dominate the U.S. market. The service segment is expected to retain its lead throughout the forecast period as asset managers are looking to hire third-party service providers to automate their business processes. Within this segment, enterprise data management services hold the major share, followed by reporting solution and services. This sub-segment is also projected to register strong growth by 2024.

Request a Brochure for Research Insights at @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16142