PUBLISHER: The Business Research Company | PRODUCT CODE: 1711294
PUBLISHER: The Business Research Company | PRODUCT CODE: 1711294
Trust and corporate services encompass a variety of professional services aimed at managing the legal, financial, and administrative affairs of corporations, institutions, high-net-worth individuals, and families effectively. These services generally include trust administration, corporate governance, compliance management, and advisory services, all tailored to meet the specific needs and goals of clients.
The primary types of trust and corporate services include company establishment and registration, company management, accounting and tax services, financing and banking services, trust fund services, asset substance services, and others. Company establishment and registration services help clients set up new businesses or subsidiaries in accordance with legal and regulatory requirements. These services are applicable to large enterprises and small and medium-sized businesses, serving a range of end-users including corporate, institutional, and private clients.
The trust and corporate service market research report is one of a series of new reports from The Business Research Company that provides trust and corporate service market statistics, including trust and corporate service industry global market size, regional shares, competitors with an trust and corporate service market share, detailed trust and corporate service market segments, market trends, and opportunities, and any further data you may need to thrive in the trust and corporate service industry. This trust and corporate service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The trust and corporate service market size has grown strongly in recent years. It will grow from $13.65 $ billion in 2024 to $14.33 $ billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to high-net-worth individuals seeking trust services, increasing business opportunities in emerging markets, the need for planning and executing smooth transitions of family-owned businesses, shifts in consumer preferences and demographics influence, and growth in entrepreneurship and start-ups.
The trust and corporate service market size is expected to see steady growth in the next few years. It will grow to $17.25 $ billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to compliance with anti-money laundering (AML) regulations, heightened awareness of cybersecurity threats, cross-generational wealth transfer, continuous updates and changes in laws and regulations, and the need for efficient and tax-effective structures. Major trends in the forecast period include digital transformation facilitating efficient service delivery, healthcare and biotechnology advancements, government initiatives and incentives, innovation in financial products, and geopolitical developments.
The growing number of wealthy individuals (HNWIs) is expected to drive the growth of the trust and corporate service market. HNWIs are individuals with substantial financial assets and investments, typically exceeding a certain threshold. This increase in wealth is fueled by economic growth, expanded investment opportunities, and higher earnings in the technology and finance sectors, leading to greater wealth accumulation. These wealthy individuals utilize trust and corporate services to manage and protect their assets, optimize tax strategies, and ensure effective estate planning and succession management. For example, in July 2024, UBS Group AG, a Switzerland-based investment bank and financial services company, reported that the average wealth per adult in the United States grew by nearly 2.5%, a rate similar to Norway and about one-third of the growth seen in Mainland China. Turkey experienced a remarkable 157% increase in wealth per adult between 2022 and 2023. Consequently, the increasing number of HNWIs is fueling the growth of the trust and corporate service market.
Major companies in the trust and corporate service market are focusing on technological innovations, such as cloud-native Software-as-a-Service (SaaS) platforms, to boost operational efficiency, streamline compliance management, and provide scalable solutions for global clients. These platforms incorporate features like real-time data analytics, automated regulatory reporting, and secure document management, helping firms improve transparency and minimize manual tasks. For example, in April 2022, TrustQuay (now Quantios), a U.S.-based IT and services company, launched TrustQuay Online, the first comprehensive, end-to-end cloud-native SaaS platform designed specifically for the corporate services and trust administration sectors. This innovative platform aims to optimize operations and enhance service delivery, offering a fully integrated suite of tools for managing various aspects of corporate services and trust administration. TrustQuay Online is designed with user experience in mind, featuring intuitive interfaces and functionalities tailored to the needs of corporate service providers.
In August 2023, JTC PLC, a Jersey-based financial services company, acquired TC3 Group Holdings LLC for $270 million. This acquisition positions JTC as the leading independent provider of administration services to the US personal trust sector, enhances growth opportunities, and significantly strengthens and scales JTC's US platform. TC3 Group Holdings LLC is a US-based provider of administration services to the US personal trust sector.
Major companies operating in the trust and corporate service market are KPMG International Limited, Vistra Group, The Citco Group, Intertrust Group, Corporation Service Company, Wilmington Trust, TMF Group, Sanne Group, Trident Trust, Ocorian, Aztec Group, Teneo, JTC Group, Hawksford, Tricor Group, Sovereign Group, IQ-EQ Group Holdings, Capital Trust Company, Athos Group, KYC Global Technologies Limited
North America was the largest region in the trust and corporate service market in 2023. The regions covered in the trust and corporate service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the trust and corporate service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The trust and corporate service market includes revenues earned by entities by providing services such as compliance management, legal advisory, corporate secretarial services, and financial and accounting services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Trust And Corporate Service Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on trust and corporate service market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for trust and corporate service ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The trust and corporate service market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.