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Stock impact report

Custody Service Market Forecast to Reach $63.06 Billion by 2028 Amid Technological Transformation and Global Market Integration [Yahoo! Finance]

ICICI Bank Limited (IBN) 
Company Research Source: Yahoo! Finance
As the political and economic landscapes continue to evolve globally, the need for robust, efficient, and secure asset management solutions has become paramount for institutional investors and financial entities. A recent market research report indicates a significant growth trajectory for the custody service market, with expectations to grow from $41.57 billion in 2023 to an estimated $63.06 billion by 2028, at a compound annual growth rate (CAGR) of 8.6%. Factors such as the advent of digital asset classes, the push for enhanced regulatory compliance, an increase in globalization, and an upsurge in institutional investments are principal drivers catalyzing this market's progression. The report extensively covers a range of services within the market, including core custody services, ancillary services, core depository services, and other vital administrative functions. Market Dynamics Boost from Technological Advancements: A vital element facilitating growth within the custod Show less Read more
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