NEW YORK, Jan. 4, 2023 /PRNewswire/ — According to Technavio, the Canada asset management market size is estimated to grow by USD 20,974.2 million from 2022 to 2027. However, the growth momentum will decelerate at a CAGR of 14.57% during the forecast period. For more Insights on market size, Request a sample report
Canada asset management market – Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers–
- Bargaining Power of Buyers
- The threat of New Entrants
- Threat of Rivalry
- Bargaining Power of Suppliers
- Threat of Substitutes
- Interpretation of porter’s five models helps to strategize the business, for entire details – buy the report!
Canada asset management market – Customer Landscape
The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Canada asset management market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on 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).
- The market share growth of the equity segment will be significant during the forecast period. The growth of the segment is driven by the rising investment of the population into the capital market to achieve a higher internal rate of return (IRR) aided by the propelling urge to diversify income across different asset classes.
Canada asset management market – Market Dynamics
Key factor driving market growth
- The market is driven by the increase in the number of HNWIs.
- Over recent years, there has been a considerable rise in the number of HNWIs globally.
- The HNWIs have relatively larger levels of investment and wealth portfolios, and hence require wealth managers or wealth advisors to manage their portfolios, estate planning, asset protection, and tax management.
- Wealth management companies protect HNWIs from government authorities, lawsuits, and other external threats. They work closely with HNWI clients to get a better understanding of their financial goals.
- With increasing number of HNWIs, the demand for financial services is increasing. This, in turn, is driving the growth of the Canada asset management market.
Leading trends influencing the market
- The growth of mutual fund assets in developing nations is identified as the key trend in the market.
- The robust performance of the equity markets and net inflows to equity schemes in developing nations have led to the growth of the mutual fund sector globally.
- For instance, in India, the individual investors assets held by mutual funds increased in value from INR 17.18 trillion (0.23 USD trillion) in February 2021 to INR 21.02 trillion (0.28) in February 2022, a rise of 22.32%.
- Similarly, the institutional asset worth in the country increased by 16.08% from INR 15.11 trillion (USD 0.20 trillion) in February 2021 to INR 17.54 trillion (USD 0.24 trillion) in February 2022.
- Such developments are creating significant opportunities for players in the market, which is positively influencing the market growth.
Major challenges hindering market growth
- Transaction risks associated with financial records is hindering the growth of the market.
- When performing financial transactions between countries, the currency rate may change before the transaction is completed.
- For example, if the foreign currency has appreciated against the dollar, the person may earn a profit. On the other hand, if the foreign currency has depreciated against the dollar, it will lead to loss.
- Such transaction risks are reducing the growth potential in the market.
What are the key data covered in this asset management market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the asset management market between 2023 and 2027
- Precise estimation of the size of the asset management market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the asset management market industry across Canada
- A thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of asset management market vendors
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Related Reports:
- The mutual funds market is estimated to grow at a CAGR of 9.76% between 2022 and 2027. The size of the market is forecast to increase by USD 71.62 trillion. The market liquidity is notably driving the market growth, although factors such as transaction risks may impede the market growth.
- The fixed income assets management market is estimated to grow at a CAGR of 7.05% between 2022 and 2027. The size of the market is forecast to increase by USD 9.71 trillion. The increasing investment in fixed income assets is notably driving the market growth, although factors such as transaction risks may impede the market growth.
Asset Management Market Scope |
|
Report Coverage |
Details |
Page number |
141 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Decelerate at a CAGR of 14.57% |
Market growth 2023-2027 |
USD 20974.2 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
19.48 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Allianz SE, Aviva Plc, BlackRock Inc., BNY Mellon Securities Corp., Brookfield Business Partners LP, Canadian Imperial Bank Of Commerce, CI Global Asset Management, Credit Agricole SA, FMR LLC, JPMorgan Chase and Co., Manulife Financial Corp., Power Corp. of Canada, Royal Bank of Canada, Sun Life Financial Inc., The Bank of Nova Scotia, The Capital Group Companies Inc., The Charles Schwab Corp., The Toronto Dominion Bank, and The Vanguard Group Inc. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Component
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Sourcing
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Class Type
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 11: Market segments
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 12: Chart on Canada – Market size and forecast 2022-2027 ($ million)
- Exhibit 13: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
- Exhibit 14: Chart on Canada: Year-over-year growth 2022-2027 (%)
- Exhibit 15: Data Table on Canada: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Asset management market in Canada 2017 – 2021
- Exhibit 16: Historic Market Size – Data Table on Asset management market in Canada 2017 – 2021 ($ billion)
- 4.2 Class type Segment Analysis 2017 – 2021
- Exhibit 17: Historic Market Size – Class type Segment 2017 – 2021 ($ billion)
- 4.3 Component Segment Analysis 2017 – 2021
- Exhibit 18: Historic Market Size – Component Segment 2017 – 2021 ($ billion)
- 4.4 Sourcing Segment Analysis 2017 – 2021
- Exhibit 19: Historic Market Size – Sourcing Segment 2017 – 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 20: Five forces analysis – Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 26: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Component
- 6.1 Market segments
- Exhibit 27: Chart on Component – Market share 2022-2027 (%)
- Exhibit 28: Data Table on Component – Market share 2022-2027 (%)
- 6.2 Comparison by Component
- Exhibit 29: Chart on Comparison by Component
- Exhibit 30: Data Table on Comparison by Component
- 6.3 Solution – Market size and forecast 2022-2027
- Exhibit 31: Chart on Solution – Market size and forecast 2022-2027 ($ million)
- Exhibit 32: Data Table on Solution – Market size and forecast 2022-2027 ($ million)
- Exhibit 33: Chart on Solution – Year-over-year growth 2022-2027 (%)
- Exhibit 34: Data Table on Solution – Year-over-year growth 2022-2027 (%)
- 6.4 Service – Market size and forecast 2022-2027
- Exhibit 35: Chart on Service – Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Data Table on Service – Market size and forecast 2022-2027 ($ million)
- Exhibit 37: Chart on Service – Year-over-year growth 2022-2027 (%)
- Exhibit 38: Data Table on Service – Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Component
- Exhibit 39: Market opportunity by Component ($ million)
7 Market Segmentation by Sourcing
- 7.1 Market segments
- Exhibit 40: Chart on Sourcing – Market share 2022-2027 (%)
- Exhibit 41: Data Table on Sourcing – Market share 2022-2027 (%)
- 7.2 Comparison by Sourcing
- Exhibit 42: Chart on Comparison by Sourcing
- Exhibit 43: Data Table on Comparison by Sourcing
- 7.3 Pension funds and insurance companies – Market size and forecast 2022-2027
- Exhibit 44: Chart on Pension funds and insurance companies – Market size and forecast 2022-2027 ($ million)
- Exhibit 45: Data Table on Pension funds and insurance companies – Market size and forecast 2022-2027 ($ million)
- Exhibit 46: Chart on Pension funds and insurance companies – Year-over-year growth 2022-2027 (%)
- Exhibit 47: Data Table on Pension funds and insurance companies – Year-over-year growth 2022-2027 (%)
- 7.4 Individual investors – Market size and forecast 2022-2027
- Exhibit 48: Chart on Individual investors – Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Individual investors – Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Individual investors – Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Individual investors – Year-over-year growth 2022-2027 (%)
- 7.5 Corporate investors – Market size and forecast 2022-2027
- Exhibit 52: Chart on Corporate investors – Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Corporate investors – Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Corporate investors – Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Corporate investors – Year-over-year growth 2022-2027 (%)
- 7.6 Other sources – Market size and forecast 2022-2027
- Exhibit 56: Chart on Other sources – Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Other sources – Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Other sources – Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Other sources – Year-over-year growth 2022-2027 (%)
- 7.7 Market opportunity by Sourcing
- Exhibit 60: Market opportunity by Sourcing ($ million)
8 Market Segmentation by Class Type
- 8.1 Market segments
- Exhibit 61: Chart on Class Type – Market share 2022-2027 (%)
- Exhibit 62: Data Table on Class Type – Market share 2022-2027 (%)
- 8.2 Comparison by Class Type
- Exhibit 63: Chart on Comparison by Class Type
- Exhibit 64: Data Table on Comparison by Class Type
- 8.3 Equity – Market size and forecast 2022-2027
- Exhibit 65: Chart on Equity – Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Data Table on Equity – Market size and forecast 2022-2027 ($ million)
- Exhibit 67: Chart on Equity – Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on Equity – Year-over-year growth 2022-2027 (%)
- 8.4 Fixed income – Market size and forecast 2022-2027
- Exhibit 69: Chart on Fixed income – Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on Fixed income – Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on Fixed income – Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on Fixed income – Year-over-year growth 2022-2027 (%)
- 8.5 Alternative investment – Market size and forecast 2022-2027
- Exhibit 73: Chart on Alternative investment – Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on Alternative investment – Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on Alternative investment – Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on Alternative investment – Year-over-year growth 2022-2027 (%)
- 8.6 Hybrid – Market size and forecast 2022-2027
- Exhibit 77: Chart on Hybrid – Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on Hybrid – Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on Hybrid – Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Hybrid – Year-over-year growth 2022-2027 (%)
- 8.7 Cash management – Market size and forecast 2022-2027
- Exhibit 81: Chart on Cash management – Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on Cash management – Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on Cash management – Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on Cash management – Year-over-year growth 2022-2027 (%)
- 8.8 Market opportunity by Class Type
- Exhibit 85: Market opportunity by Class Type ($ million)
9 Customer Landscape
- 9.1 Customer landscape overview
- Exhibit 86: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Drivers, Challenges, and Trends
- 10.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2022 and 2027
11 Vendor Landscape
- 11.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 90: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 91: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 12.3 ABB Ltd.
- Exhibit 93: ABB Ltd. – Overview
- Exhibit 94: ABB Ltd. – Business segments
- Exhibit 95: ABB Ltd. – Key offerings
- Exhibit 96: ABB Ltd. – Segment focus
- 12.4 Allianz SE
- Exhibit 97: Allianz SE – Overview
- Exhibit 98: Allianz SE – Business segments
- Exhibit 99: Allianz SE – Key news
- Exhibit 100: Allianz SE – Key offerings
- Exhibit 101: Allianz SE – Segment focus
- 12.5 BlackRock Inc.
- Exhibit 102: BlackRock Inc. – Overview
- Exhibit 103: BlackRock Inc. – Product / Service
- Exhibit 104: BlackRock Inc. – Key offerings
- 12.6 BNY Mellon Securities Corp.
- Exhibit 105: BNY Mellon Securities Corp. – Overview
- Exhibit 106: BNY Mellon Securities Corp. – Business segments
- Exhibit 107: BNY Mellon Securities Corp. – Key offerings
- Exhibit 108: BNY Mellon Securities Corp. – Segment focus
- 12.7 Brookfield Business Partners LP
- Exhibit 109: Brookfield Business Partners LP – Overview
- Exhibit 110: Brookfield Business Partners LP – Business segments
- Exhibit 111: Brookfield Business Partners LP – Key offerings
- Exhibit 112: Brookfield Business Partners LP – Segment focus
- 12.8 Canadian Imperial Bank Of Commerce
- Exhibit 113: Canadian Imperial Bank Of Commerce – Overview
- Exhibit 114: Canadian Imperial Bank Of Commerce – Business segments
- Exhibit 115: Canadian Imperial Bank Of Commerce – Key offerings
- Exhibit 116: Canadian Imperial Bank Of Commerce – Segment focus
- 12.9 CI Global Asset Management
- Exhibit 117: CI Global Asset Management – Overview
- Exhibit 118: CI Global Asset Management – Product / Service
- Exhibit 119: CI Global Asset Management – Key offerings
- 12.10 Credit Agricole SA
- Exhibit 120: Credit Agricole SA – Overview
- Exhibit 121: Credit Agricole SA – Product / Service
- Exhibit 122: Credit Agricole SA – Key offerings
- 12.11 FMR LLC
- Exhibit 123: FMR LLC – Overview
- Exhibit 124: FMR LLC – Product / Service
- Exhibit 125: FMR LLC – Key offerings
- 12.12 Manulife Financial Corp.
- Exhibit 126: Manulife Financial Corp. – Overview
- Exhibit 127: Manulife Financial Corp. – Business segments
- Exhibit 128: Manulife Financial Corp. – Key offerings
- Exhibit 129: Manulife Financial Corp. – Segment focus
- 12.13 Power Corp. of Canada
- Exhibit 130: Power Corp. of Canada – Overview
- Exhibit 131: Power Corp. of Canada – Business segments
- Exhibit 132: Power Corp. of Canada – Key offerings
- Exhibit 133: Power Corp. of Canada – Segment focus
- 12.14 Royal Bank of Canada
- Exhibit 134: Royal Bank of Canada – Overview
- Exhibit 135: Royal Bank of Canada – Business segments
- Exhibit 136: Royal Bank of Canada – Key offerings
- Exhibit 137: Royal Bank of Canada – Segment focus
- 12.15 The Bank of Nova Scotia
- Exhibit 138: The Bank of Nova Scotia – Overview
- Exhibit 139: The Bank of Nova Scotia – Business segments
- Exhibit 140: The Bank of Nova Scotia – Key offerings
- Exhibit 141: The Bank of Nova Scotia – Segment focus
- 12.16 The Capital Group Companies Inc.
- Exhibit 142: The Capital Group Companies Inc. – Overview
- Exhibit 143: The Capital Group Companies Inc. – Product / Service
- Exhibit 144: The Capital Group Companies Inc. – Key offerings
- 12.17 The Toronto Dominion Bank
- Exhibit 145: The Toronto Dominion Bank – Overview
- Exhibit 146: The Toronto Dominion Bank – Business segments
- Exhibit 147: The Toronto Dominion Bank – Key offerings
- Exhibit 148: The Toronto Dominion Bank – Segment focus
13 Appendix
- 13.2 Inclusions and exclusions checklist
- Exhibit 149: Inclusions checklist
- Exhibit 150: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 151: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 152: Research methodology
- Exhibit 153: Validation techniques employed for market sizing
- Exhibit 154: Information sources
- 13.5 List of abbreviations
- Exhibit 155: List of abbreviations
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