Global Trust and Corporate Service Market: Analysis By Alternative Asset, By Segment (Corporates, Funds SPV, High Net-worth Individuals, and Others), By Region Size And Trends With Impact Of COVID-19 And Forecast up to 2028

Global Trust and Corporate Service Market: Analysis By Alternative Asset, By Segment (Corporates, Funds SPV, High Net-worth Individuals, and Others), By Region Size And Trends With Impact Of COVID-19 And Forecast up to 2028

The global trust and corporate service market were valued at US$11.39 billion in 2022. The market value is expected to reach US$15.25 billion by 2028. The trust and corporate services provide a broad range of administration services to lend assistance to its clients to set up, structure, and manage their financial and investment decision. The trust and corporate service market is mainly focused on stable countries with high regulations.

The market has been driven by a highly qualified workforce, high-value services, personal relationships between clients and service providers, and increased globalization. The factors that are expected to contribute to the market growth in the coming years include rising household wealth, greater corporate and tax regulation, as well as, more outsourcing of administrative services by private equities and real estate funds. The market is expected to grow at a CAGR of approx. 5% during the forecasted period of 2023-2028.

Market Segmentation Analysis:

By Segment: The report provides the bifurcation of the market into four segments: Corporates, Funds SPV, High Net-worth Individuals, and Others. Corporates held the major share of the market, whereas funds SPV is expected to be the fastest-growing segment in the forthcoming years. The demand for services by corporates has continued to rise in the past few years due to the high value-added administrative services and widely needed support services provided by trusts and corporate service providers, such as business advisory services and compliance services.

Funds Special Purpose Vehicles (SPV) have thrived over the historic period owing to global economic expansion and increased globalization, which urged the necessity for outsourcing fund administration along with the basic trust and corporate services and inclined the demand for funds.

By Alternative Asset: The market has been analyzed based on alternative assets. Alternative assets typically refer to investments that fall outside of the traditional asset classes commonly accessed by most investors, such as stocks, bonds, or cash investments. A surge in the global alternative assets market is attributed to the high performance of capital markets driven by accommodative monetary policies and substantial GDP Growth.

By Region: The report provides insight into the trust and corporate service market based on the regions namely, North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America held the major share of the trust and corporate service market in 2022. According to World Wealth Report, North America retained its commanding lead for HNWI population growth (13.2%) and wealth (13.8%) in 2021. The robust tech sector fuelled powerful wealth performance. Thus, the increase in the HNWI population is expected to positively contribute to the demand for trust and corporate services.

Asia Pacific is expected to be the fastest-growing region in the forthcoming years. In coming years, private equity and real estate funds are expected to see strong demand for trust and corporate services because of their industry’s growth and the increasingly complex reporting requirements that spur outsourcing of fund services.

The increased need to comply with regulatory requirements is one of the key drivers supporting the trust and corporate service market growth in Europe. In the European trust and corporate service market, the UK held the highest share of the market in 2022 and it is also expected to be the fastest-growing region in the forthcoming years.

Market Dynamics:

Growth Drivers: The global trust and corporate service market growth is predicted to be supported by numerous growth drivers such as escalating global GDP per capita, growing global HNWI wealth, growing opportunity in pension assets, high client retention rate, an increasing number of sovereign investors, upsurge in outsourcing, and many other factors. In recent years, the advent of new sovereign investors has directed the trust and corporate industry toward a huge demand raise for alternative asset management. The trust and corporate service providers are expected to generate innovative investment opportunities, financial arrangements, advisory relationships, and comprehensive funds which consent the sovereign investors to meet their objectives even in less developed countries.

Challenges: However, the market growth would be negatively impacted by various challenges such as unstable globalization and FDI, failure of client relationship, shuddering global consumer confidence, increasing cyber threat, etc.

Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as modifications in regulations, political and economic ambiguities, improvement and advancement in technology infrastructure, etc. The dynamic nature of technology has resulted in the execution of some new inventions in the trust and corporate service industry. Like any other industry, modification in the current technology is of top priority in the trust and corporate service market. It is the technology that stimulates the automatic exchange of data. One of the primary components of trust and corporate services is security and asset protection with the use of technology, for example Robo-advisory, KYC by voice recognition, etc. These technological tools are anticipated to further grow and reach every inch of the market.

Impact Analysis of COVID-19 and Way Forward:

The COVID-19 pandemic has led to a considerable decline in business activities and hence a decline in the income of individuals. Therefore, demand for trust and corporate service providers observed a hit as the numbers of high-income-generating individuals plummeted. This has led to a slowdown in the demand for experienced personnel’s needed for the management of finances such as structuring of their wealth, tax fillings, administrative services, and much more, thus hampering the overall growth of the market in 2020. However, the market experienced growth in 2021 with a gradual resumption of business activities as COVID-19 cases declined.

Competitive Landscape:

The global trust and corporate services market is highly fragmented.

The key players in the global trust and corporate services market are:

Intertrust Group
JTC plc
TMF Sapphire Midco B.V. (TMF Group)
M&T Bank Corporation (Wilmington Trust)
Tricor Group
American Stock Transfer & Trust Company, LLC
Vistra
Cafico International
Apex Group Ltd. (Sanne Group)
Ocorian
IQ EQ Group Holdings S.à r.l.
Vivanco & Vivanco

Some of the strategies among key players in the market are mergers, acquisitions, and collaborations. For instance, in 2022, JTC announced that the company had completed the acquisition of New York Private Trust Company (“NYPTC”), a Delaware-chartered non-deposit trust company. On the other hand, TMF Group announced the acquisition of Etive Consulting, a UAE-based company providing compliance advisory, governance support, and AML services, among others.

Global Trust and Corporate Service Market: Analysis By Alternative Asset, By Segment (Corporates, Funds SPV, High Net-worth Individuals, and Others), By Region Size And Trends With Impact Of COVID-19 And Forecast up to 2028 - Report Summary
Report Metrics Details
Years Considered 2018-2028
Base Year 2022
Forecast Period 2023-2028
Page Count 141
Units Referenced US $
Segments/Key Topics By Alternative Asset, By Segment
Regions Covered North America (The US, Canada, and Mexico), Asia Pacific (China, India, South Korea, Japan, and Rest of Asia Pacific), Europe (UK, Germany, France, Italy, Spain, and Rest of the Europe), Latin America, and Middle East & Africa
Key Companies Mentioned Intertrust Group, JTC plc, TMF Sapphire Midco B.V. (TMF Group), M&T Bank Corporation (Wilmington Trust), Tricor Group, American Stock Transfer & Trust Company, LLC, Vistra, Cafico International, Apex Group Ltd. (Sanne Group), Ocorian, IQ EQ Group Holdings S.à r.l., and Vivanco & Vivanco

Five FAQs about the Report

What is the size of this market?
The global trust and corporate service market was valued at US$11.39 billion in 2022.

What is the forecasted growth for this market?
The market value is expected to reach US$15.25 billion by 2028, growing at a CAGR of 4.98% over the projected period of 2023-2028.

What are key factors driving this market?
The factors that are expected to contribute to the market growth in the coming years include rising household wealth, greater corporate and tax regulation, as well as, more outsourcing of administrative services by Private Equities and Real Estate funds.

How is this market segmented in this report?
In the report, the global trust and corporate service market is bifurcated based on segment (Corporates, Funds SPV, High Net-worth Individuals, and Others). Alternative Asset market and asset under management has also been analyzed in the report.

What is the definition of this market in this report?
The trust and corporate services provide a broad range of administration services to lend assistance to its clients with the objective of setting up, structuring, and managing their financial and investment decision. The trust and corporate service market is mainly focused on stable countries with high regulations.

What are the major influences driving the growth/decline of this market?
The global trust and corporate services market growth is predicted to be supported by numerous growth drivers such as escalating global GDP per-capita, growing global HNWI wealth, growing opportunity in pension asset, high client retention rate, increasing number of sovereign investors, upsurge in outsourcing, and many other factors. Conversely, the market growth would be negatively impacted by various challenges such as unstable globalization and FDI, failure of client relationship, shuddering global consumer confidence, increasing cyber threat, etc. Moreover, the market growth would succeed in various market trends like modifications in regulations, political and economic ambiguities, improvement and advancement in technology infrastructure, etc.


1. Executive Summary
2. Introduction
2.1 Trust and Corporate Service: An Overview
Table 1: Trust and Corporate Service providers
2.2 Trust and Corporate Service Functions: An Overview
2.2.1 Functions of Trust and Corporate Service Provider
Table 2: Functions of Trust and Corporate Service Provider
2.3 Trust and Corporate Service Segmentation: An Overview
2.3.1 Trust and Corporate Service Segmentation
Table 3: Trust and Corporate Service Segmentation
3. Global Market Analysis
3.1 Global Alternative Assets Market: An Analysis
3.1.1 Global Alternative Assets Market: An Overview
3.1.2 Global Alternative Assets Market by Value
Table 4: Global Alternative Assets Market by Value; 2018-2022 (US$ Trillion)
Table 5: Global Alternative Assets Market by Value; 2023-2028 (US$ Trillion)
3.1.3 Global Alternative Assets Market by Asset Under Management
Table 6: Global Alternative Assets Market by Asset Under Management; 2022 (Percentage, %)
3.2 Global Trust and Corporate Service Market: An Analysis
3.2.1 Global Trust and Corporate Service Market: An Overview
3.2.2 Global Trust and Corporate Service Market by Value
Table 7: Global Trust and Corporate Service Market by Value; 2018-2022 (US$ Billion)
Table 8: Global Trust and Corporate Service Market by Value; 2023-2028 (US$ Billion)
3.2.3 Global Trust and Corporate Service Market by Segment (Corporates, Funds SPV, High Net-worth Individuals, and Others)
Table 9: Global Trust and Corporate Service Market by Segment; 2022 (Percentage, %)
3.2.4 Global Trust and Corporate Service Market by Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa)
Table 10: Global Trust and Corporate Service Market by Region; 2022 (Percentage, %)
3.3 Global Trust and Corporate Service Market: Segment Analysis
3.3.1 Global Trust and Corporate Service Market by Segment: An Overview
3.3.2 Global Corporates Trust and Corporate Service Market by Value
Table 11: Global Corporates Trust and Corporate Service Market by Value; 2018-2022 (US$ Billion)
Table 12: Global Corporates Trust and Corporate Service Market by Value; 2023-2028 (US$ Billion)
3.3.3 Global Funds SPV Trust and Corporate Service Market by Value
Table 13: Global Funds SPV Trust and Corporate Service Market by Value; 2018-2022 (US$ Billion)
Table 14: Global Funds SPV Trust and Corporate Service Market by Value; 2023-2028 (US$ Billion)
3.3.4 Global HNW Individuals Trust and Corporate Service Market by Value
Table 15: Global HNW Individuals Trust and Corporate Service Market by Value; 2018-2022 (US$ Billion)
Table 16: Global HNW Individuals Trust and Corporate Service Market by Value; 2023-2028 (US$ Billion)
3.3.5 Global Other Trust and Corporate Service Market by Value
Table 17: Global Other Trust and Corporate Service Market by Value; 2018-2022 (US$ Billion)
Table 18: Global Other Trust and Corporate Service Market by Value; 2023-2028 (US$ Billion)
3.4 Global Fund Administrator Market by Number of Private Capital Funds Serviced
3.4.1 Global Fund Administrator Market by Number of Private Capital Funds Serviced
Table 19: Global Fund Administrator Market by Private Capital Funds; 2022
4. Regional Market Analysis
4.1 North America Trust and Corporate Service Market: An Analysis
4.1.1 North America Trust and Corporate Service Market: An Overview
4.1.2 North America Trust and Corporate Service Market by Value
Table 20: North America Trust and Corporate Service Market by Value; 2018-2022 (US$ Billion)
Table 21: North America Trust and Corporate Service Market by Value; 2023-2028 (US$ Billion)
4.1.3 North America Trust and Corporate Service Market by Region (The US, Canada, and Mexico)
Table 22: North America Trust and Corporate Service Market by Region; 2022 (Percentage, %)
4.1.4 The US Trust and Corporate Service Market by Value
Table 23: The US Trust and Corporate Service Market by Value; 2018-2022 (US$ Billion)
Table 24: The US Trust and Corporate Service Market by Value; 2023-2028 (US$ Billion)
4.1.5 Canada Trust and Corporate Service Market by Value
Table 25: Canada Trust and Corporate Service Market by Value; 2018-2022 (US$ Million)
Table 26: Canada Trust and Corporate Service Market by Value; 2023-2028 (US$ Million)
4.1.6 Mexico Trust and Corporate Service Market by Value
Table 27: Mexico Trust and Corporate Service Market by Value; 2018-2022 (US$ Million)
Table 28: Mexico Trust and Corporate Service Market by Value; 2023-2028 (US$ Million)
4.2 Asia Pacific Trust and Corporate Service Market: An Analysis
4.2.1 Asia Pacific Trust and Corporate Service Market: An Overview
4.2.2 Asia Pacific Trust and Corporate Service Market by Value
Table 29: Asia Pacific Trust and Corporate Service Market by Value; 2018-2022 (US$ Billion)
Table 30: Asia Pacific Trust and Corporate Service Market by Value; 2023-2028 (US$ Billion)
4.2.3 Asia Pacific Trust and Corporate Service Market by Region (China, India, South Korea, Japan, and Rest of Asia Pacific)
Table 31: Asia Pacific Trust and Corporate Service Market by Region; 2022 (Percentage, %)
4.2.4 China Trust and Corporate Service Market by Value
Table 32: China Trust and Corporate Service Market by Value; 2018-2022 (US$ Billion)
Table 33: China Trust and Corporate Service Market by Value; 2023-2028 (US$ Billion)
4.2.5 India Trust and Corporate Service Market by Value
Table 34: India Trust and Corporate Service Market by Value; 2018-2022 (US$ Million)
Table 35: India Trust and Corporate Service Market by Value; 2023-2028 (US$ Million)
4.2.6 South Korea Trust and Corporate Service Market by Value
Table 36: South Korea Trust and Corporate Service Market by Value; 2018-2022 (US$ Million)
Table 37: South Korea Trust and Corporate Service Market by Value; 2023-2028 (US$ Million)
4.2.7 Japan Trust and Corporate Service Market by Value
Table 38: Japan Trust and Corporate Service Market by Value; 2018-2022 (US$ Million)
Table 39: Japan Trust and Corporate Service Market by Value; 2023-2028 (US$ Million)
4.2.8 Rest of Asia Pacific Trust and Corporate Service Market by Value
Table 40: Rest of Asia Pacific Trust and Corporate Service Market by Value; 2018-2022 (US$ Million)
Table 41: Rest of Asia Pacific Trust and Corporate Service Market by Value; 2023-2028 (US$ Million)
4.3 Europe Trust and Corporate Service Market: An Analysis
4.3.1 Europe Trust and Corporate Service Market: An Overview
4.3.2 Europe Trust and Corporate Service Market by Value
Table 42: Europe Trust and Corporate Service Market by Value; 2018-2022 (US$ Billion)
Table 43: Europe Trust and Corporate Service Market by Value; 2023-2028 (US$ Billion)
4.3.3 Europe Trust and Corporate Service Market by Region (UK, Germany, France, Italy, Spain, and Rest of the Europe)
Table 44: Europe Trust and Corporate Service Market by Region; 2022 (Percentage, %)
4.3.4 The UK Trust and Corporate Service Market by Value
Table 45: The UK Trust and Corporate Service Market by Value; 2018-2022 (US$ Million)
Table 46: The UK Trust and Corporate Service Market by Value; 2023-2028 (US$ Million)
4.3.5 Germany Trust and Corporate Service Market by Value
Table 47: Germany Trust and Corporate Service Market by Value; 2018-2022 (US$ Million)
Table 48: Germany Trust and Corporate Service Market by Value; 2023-2028 (US$ Million)
4.3.6 France Trust and Corporate Service Market by Value
Table 49: France Trust and Corporate Service Market by Value; 2018-2022 (US$ Million)
Table 50: France Trust and Corporate Service Market by Value; 2023-2028 (US$ Million)
4.3.7 Italy Trust and Corporate Service Market by Value
Table 51: Italy Trust and Corporate Service Market by Value; 2018-2022 (US$ Million)
Table 52: Italy Trust and Corporate Service Market by Value; 2023-2028 (US$ Million)
4.3.8 Spain Trust and Corporate Service Market by Value
Table 53: Spain Trust and Corporate Service Market by Value; 2018-2022 (US$ Million)
Table 54: Spain Trust and Corporate Service Market by Value; 2023-2028 (US$ Million)
4.3.9 Rest of Europe Trust and Corporate Service Market by Value
Table 55: Rest of Europe Trust and Corporate Service Market by Value; 2018-2022 (US$ Million)
Table 56: Rest of Europe Trust and Corporate Service Market by Value; 2023-2028 (US$ Billion)
4.4 Latin America Trust and Corporate Service Market: An Analysis
4.4.1 Latin America Trust and Corporate Service Market: An Overview
4.4.2 Latin America Trust and Corporate Service Market by Value
Table 57: Latin America Trust and Corporate Service Market by Value; 2018-2022 (US$ Million)
Table 58: Latin America Trust and Corporate Service Market by Value; 2023-2028 (US$ Million)
4.5 Middle East & Africa Trust and Corporate Service Market: An Analysis
4.5.1 Middle East & Africa Trust and Corporate Service Market: An Overview
4.5.2 Middle East & Africa Trust and Corporate Service Market by Value
Table 59: Middle East & Africa Trust and Corporate Service Market by Value; 2018-2022 (US$ Million)
Table 60: Middle East & Africa Trust and Corporate Service Market by Value; 2023-2028 (US$ Million)
5. Impact of Covid-19
5.1 Impact of COVID-19 on Global Trust and Corporate Service Market
5.1.1 Impact on Market Growth
5.1.2 Most Common Sentiments of Private Equity Firms
Table 61: Most Common Sentiments of Private Equity Firms Due to COVID-19; 2020 (Percentage, %)
5.1.3 Rising Complexity of Fund Structures
Table 62: Complexity of Fund Structures; 2020 (Percentage, %)
5.2 Post COVID-19 Impact on Global Trust and Corporate Service Market
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Escalating Global GDP Per-Capita
Table 63: Global GDP Per-Capita; 2015-2021 (US$ Thousand)
6.1.2 Growing Global HNWI Wealth
Table 64: Global HNWI Financial Wealth, 2015-2021 (US$ Trillion)
Table 65: Global HNWI Financial Wealth by Region; 2021 (Percentage, %)
6.1.3 Growing Opportunity in Pension Asset
Table 66: Global Pension Assets; 2011-2021 (US$ Trillion)
6.1.4 High Client Retention Rate
6.1.5 Increasing Number of Sovereign Investors
6.1.6 Upsurge in Outsourcing
6.2 Challenges
6.2.1 Unstable Globalization and FDI
Table 67: Global FDI, Net Inflows; 2015-2021 (Percentage, %)
6.2.2 Failure of Client Relationship
6.2.3 Shuddering Global Consumer Confidence
6.2.4 Increasing Cyber Threat
6.2.5 Brexit Aftershocks
6.3 Market Trends
6.3.1 Modifications in Regulations
Table 68: Regulatory Changes and its Opportunities
6.3.2 Political and Economic Ambiguities
6.3.3 Trust and Good Corporate Behavior
6.3.4 Low Entry Barriers
6.3.5 Improvement and Advancement in Technology Infrastructure
6.3.6 Strong Culture of Excellence
7. Competitive Landscape
7.1 Global Trust and Corporate Service Players by Market Share
Table 69: Global Trust and Corporate Service Players by Market Share; 2022 (Percentage, %)
7.2 Global Trust and Corporate Service Players by Market Structure
Table 70: Trust and Corporate Services Industry Structure by Revenue (Log Scale)
7.3 Global Trust and Corporate Service Market Players by Strategic Comparison
Table 71: Global Trust and Corporate Service Players by Strategic Comparison
8. Company Profiles
8.1 Intertrust Group
8.1.1 Business Overview
8.1.2 Operating Segments
Table 72: Intertrust Group Revenue by Operating Segment; 2021 (Percentage, %)
8.1.3 Revenue by Service Line
Table 73: Intertrust Group Revenue by Service Line; 2021 (Percentage, %)
8.1.4 Business Strategies
8.2 JTC plc
8.2.1 Business Overview
8.2.2 Operating Segments
Table 74: JTC plc Revenue by Operating Segment; 2021 (Percentage, %)
8.2.3 Business Strategies
8.3 TMF Sapphire Midco B.V. (TMF Group)
8.3.1 Business Overview
8.3.2 Revenue by Service Line
Table 75: TMF Sapphire Midco B.V. Revenue by Service Line; 2021 (Percentage, %)
8.3.3 Business Strategies
8.4 M&T Bank Corporation (Wilmington Trust)
8.4.1 Business Overview
8.4.2 Revenue from Contracts with Customers
Table 76: M&T Bank Corporation Revenue from Contracts with Customers; 2021 (Percentage, %)
8.4.3 Business Strategies
8.5 Tricor Group
8.5.1 Business Overview
8.5.2 Business Strategies
8.6 American Stock Transfer & Trust Company, LLC
8.7.1 Business Overview
8.7.2 Business Strategies
8.7 Vistra
8.7.1 Business Overview
8.7.2 Business Strategies
8.8 Cafico International
8.8.1 Business Overview
8.8.2 Business Strategies
8.9 Apex Group Ltd. (Sanne Group)
8.9.1 Business Overview
8.9.2 Business Strategies
8.10 Ocorian
8.10.1 Business Overview
8.10.2 Business Strategies
8.11 IQ EQ Group Holdings S.à r.l.
8.11.1 Business Overview
8.11.2 Business Strategies
8.12 Vivanco & Vivanco
8.12.1 Business Overview

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