Canada Asset Management Market to witness growth of USD 20974.2 Mn through 2023-2027 | Forecast and Trend Analysis
The rising count of high-net-worth individuals (HNWIs) globally, the introduction of diversified wealth management services by companies, and the rising demand for alternative investments is Propelling the market advancement of the Canada Asset Management Market. As per the forecast, the market will grow at a CAGR of 14.57% between 2022 and 2027 followed by a USD 20,974.2 million market revenue. Technavio has been monitoring the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
The market can be classified by class type (equity, fixed income, alternative investment, hybrid, and cash management), component (solution and service), and sourcing (pension funds and insurance companies, individual investors, corporate investors, and other sources).
Canada Asset Management Market Trend Analysis at a Glance
Understanding the Emerging Trends of the Asset Management Market that are Likely to Impact Market Growth: Increasing mutual fund assets in developing nations is trending in the market when it comes to Asset management due to the robust performance of the equity markets and net inflows to equity schemes in emerging countries, the mutual fund (MF) sector's rise in asset size.
Moreover, the rising count of HNWIs in recent years across the globe is one of the major growth drivers, with such a steady rise in the number of HNWIs, the demand for financial services will increase, which will drive the growth of the market in Canada during the forecast period.
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Core Companies Analysis
Leading companies are implementing various strategies, such as strategic alliances, and partnerships, across geographies, followed by product/service launches, to enhance their market presence.
Brands like Credit Agricole SA offers asset management under the brand, CPR AM. The company offers services such as retail banking, corporate banking, investment banking, private banking, wealth management, and asset management.
Allianz SE, Aviva Plc, BlackRock Inc., BNY Mellon Securities Corp., Brookfield Business Partners LP, Canadian Imperial Bank Of Commerce, CI Global Asset Management, FMR LLC, JPMorgan Chase and Co., Manulife Financial Corp., Power Corp. of Canada, Royal Bank of Canada, Sun Life Financial Inc., etc. are some of the prominent names worth mentioning in the market landscape.
Technavio's research report provides insights into the top market players and their product portfolios along with pipeline analysis of upcoming developments and growth opportunities.