Asset Management 2023

The asset management industry is experiencing significant growth with the global market estimated to be worth USD 373 billion in 2022 and is expected to exhibit a compound annual growth rate of 34.7% from 2023 to 2030, according to a report by Grand View Research.

This growth is seen across all major geographic regions, with Western Europe, North America, and Asia-Pacific all reporting record highs in Assets under Management, revenues, and profitability. The asset management industry is also driven by changes in the investment landscape, with increasing demand for sustainable and responsible investing, and a growing focus on technology and data-driven solutions. This is leading to the emergence of new products and strategies, as well as increased competition. Overall, the asset management industry is in a strong position heading into 2023, and is expected to continue to grow and evolve in the coming years. This presents significant opportunities for investors, but it’s also important to keep in mind the ever-changing landscape of the industry and the potential risks associated with the industry.