Latest News- Asset Management Market in Canada: Solutions is expected to lead the Component segment during 2025-2029

The Asset Management Market in Canada is being driven by Rising number of high-net-worth individuals

The Asset Management Market in Canada is expected to grow at a CAGR of 6.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 9.85 billion. The Canadian asset management market is experiencing a significant development with the introduction of new investment funds, catering to a broad spectrum of investor requirements and enhancing accessibility to expertly managed portfolios. This trend is fueled by the escalating demand for innovative, cost-effective investment alternatives that deliver diversification and professional management. On October 8, 2024, CI Global Asset Management (CI GAM) unveiled a new series of asset allocation mutual funds. These funds offer Canadian investors a diverse range of low-cost, expertly constructed all-in-one portfolios. Comprising six funds, these offerings address varying investor risk profiles, from conservative to growth-oriented. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Solutions
  • Services
• Source
  • Pension funds and insurance companies
  • Individual investors
  • Corporate investors
  • Others
• Class Type
  • Equity
  • Fixed income
  • Alternative investment
  • Hybrid
  • Cash management
• Geography
  • Canada

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising number of high-net-worth individuals
• Aging population and retirement planning
• Growing interest in alternative investments

However, the market also witnesses some limitations, which are as follows:

• Regulatory and compliance pressures
• Cybersecurity risks
• Market volatility and economic uncertainty

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Market Scope in Asset Management Market in Canada Research Report

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Research Analysis Overview

The Asset Management Market in Canada is witnessing significant growth due to the prioritization of customer-centric relationships in asset-intensive organizations. AI and AR technologies are revolutionizing asset management solutions, enabling real-time monitoring, data analytics, and optimum utilization of interconnected IT infrastructure. IoT is streamlining operations, while cloud technology offers cost savings. Asset classes like stocks, bonds, mutual funds, aviation AM, hospital AM, repair and maintenance of digital assets, in-transit equipment, and intransit equipment are all benefiting from these advancements. The focus is on maximizing asset utilization and minimizing repair and maintenance costs.

Market Research Overview

In the Canadian market, asset-intensive organizations prioritize customer-centric relationships and seek to streamline operations through advanced asset management solutions. Technavio's market analysis for the Asset Management sector in Canada includes the implementation of Artificial Intelligence (AI) and Augmented Reality (AR) technologies, as well as the Internet of Things (IoT), to optimize asset utilization and enhance operational efficiency. By investing in these solutions, organizations aim to achieve significant Return on Investment (ROI) and improve overall asset performance. The market size is calculated based on the revenue generated by providers of asset management solutions, excluding those in the casino and gaming, hotel, resort, and cruise lines; leisure facilities; restaurants; and education services sectors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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