Mutual fund transfer agent services have huge demand from various business organizations across the globe, which is expected to drive growth of the global mutual fund transfer agent market considerably over the forecast period. Rising disposable income of individuals, especially in developing economies, has increased investments into mutual funds across various fund houses. Technological advancements have enhanced accuracy and timeliness of record-keeping of data at the back end, which enables improved business process efficiency and lowered costs. These are some other factors expected to drive growth of the global market.
The global mutual fund transfer agent market is estimated to value US$ 2.9 Bn in 2017, and is projected to register a CAGR of 5.6% in terms of value during forecast period 2017–2026. The first five-year cumulative revenue (2017–2021) is projected to be over US$ 16 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
The global mutual fund transfer agent market report has been segmented on the basis of region. On the basis of region, the global mutual fund transfer agent market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The market in North America accounted for highest revenue share in the global mutual fund transfer agent market in 2017, and is estimated to record CAGR of over 5% between 2017 and 2026. Asia Pacific market is expected to register highest CAGR of over 6% over the forecast period.
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Market in North America is expected to account for significant revenue share in the global mutual fund transfer agent market, and is anticipated to register highest growth in terms of revenue in the next ten years, owing to increasing investment in mutual funds in countries in the region is a major factor driving demand for transfer agents, which in turn is boosting growth of the North America market. Mutual fund transfer agents in countries in the region are focusing on providing investors with advanced facilities and exclusive services, as compared to that of company transfer agents, which is another factor anticipated to boost growth of the mutual fund transfer agent market over the forecast period. Stringent government regulations in this region is a major factor expected to hamper growth of the North America mutual fund transfer agent market to a certain extent over the forecast period, as new proposed regulations not only affect travel agents, but the entire securities market as well.
Key players operating in the global market include Computershare Limited, The Bank of New York Mellon Corporation, Wells Fargo Bank, National Association, American Stock Transfer & Trust Company, LLC, Continental Stock Transfer & Trust Company, Inc., Broadridge Corporate Issuer Solutions, Inc., Karvy Computershare Private Limited, Franklin Templeton International Services (India) Pvt. Ltd., and HSBC Holdings plc.