Who are the key players in US Asset Management Market?

Fidelity Investments, BlackRock Inc, Brookfield Asset Management, The Vanguard Group, Inc. and Goldman Sachs Group are the major companies operating in the US Asset Management Market. Read More

What years does this US Asset Management Market cover, and what was the market size in 2023?

In 2023, the US Asset Management Market size was estimated at USD 39.22 trillion. The report covers the US Asset Management Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the US Asset Management Market size for years: 2024, 2025, 2026, 2027 and 2028. Read More

US Asset Management Market Size

Market Size of US Asset Management Industry

Study Period	2020 - 2028
Base Year For Estimation	2022
Market Size (2024)	USD 48.22 Trillion
Market Size (2029)	USD 113.48 Trillion
CAGR (2024 - 2029)	18.67 %
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

US Asset Management Market Analysis

The US Asset Management Market size in terms of assets under management value is expected to grow from USD 48.22 trillion in 2024 to USD 113.48 trillion by 2029, at a CAGR of 18.67% during the forecast period (2024-2029).

The US asset management industry is poised for significant growth, buoyed by rising service demand. As the number of businesses within the region continues to grow, the importance of effective asset management escalates. This trend presents asset management firms with substantial opportunities to scale their operations and penetrate new and evolving markets. The anticipated expansion of the asset management market is mainly attributable to solutions that enhance operational efficiency, optimize resource allocation, and bolster profitability, which, in turn, significantly improve ROI.

Several growth drivers are set to benefit the asset management sector. Among these, the increasing integration of asset management solutions within the manufacturing industry is particularly noteworthy. As this sector grows, it needs more sophisticated asset management practices to oversee its extensive asset portfolio. This scenario offers a prime opportunity for asset management firms to address the industry's nuanced requirements by delivering customized solutions. Moreover, the advent of cutting-edge technologies such as IoT and AI in asset management practices promises to revolutionize the industry, providing further impetus for growth. These technological advancements enable real-time monitoring and predictive maintenance, leading to unprecedented efficiency and cost savings for businesses across various sectors.

US Asset Management Industry Segmentation

Asset management involves strategically owning, holding, and selling investments to build wealth over time. This report provides a detailed analysis of the asset management industry in the US. It explores the market dynamics, identifies emerging trends in various segments, and offers insights into product and application categories. Furthermore, it examines the major players and the competitive landscape.

The United States asset management industry is segmented by client type and asset class. The market is segmented by client type into retail, pension funds, insurance companies, banks, and other client types. The market is segmented by asset class into equity, fixed income, cash/money management, alternative investment, and other asset classes. The market sizes and forecasts for the US asset management industry are provided in USD for all the above segments.

By Client Type
		Retail
		Pension Fund
		Insurance Companies
		Banks
		Other Client Types

By Asset Class
		Equity
		Fixed Income
		Cash/Money Market
		Alternative Investments
		Other Asset Classes

Need A Different Region Or Segment?

Customize Now

US Asset Management Market Size Summary

The US asset management industry is experiencing a transformative phase, driven by increasing demand for efficient asset management solutions. As the number of businesses in the region expands, the need for effective management of assets becomes crucial, offering significant opportunities for asset management firms to grow and explore new markets. The industry's anticipated growth is largely due to advancements that enhance operational efficiency and profitability, thereby improving return on investment. The integration of asset management solutions within the manufacturing sector is particularly significant, as it necessitates more sophisticated practices to manage extensive asset portfolios. This demand creates opportunities for firms to provide tailored solutions. Additionally, the incorporation of technologies like IoT and AI is set to revolutionize asset management, enabling real-time monitoring and predictive maintenance, which lead to increased efficiency and cost savings across various sectors.

The US portfolio management systems market is poised for rapid growth, supported by a surge in business activities and digital transformation efforts. The adoption of these systems is driven by their cost-effectiveness, with sectors such as healthcare, manufacturing, banking, financial services, and construction increasingly utilizing project portfolio management services to streamline operations and reduce costs. AI is playing a crucial role in this growth, allowing asset managers to make quick and informed investment decisions, and is becoming a key driver in the sector. The North American market is leading in AI adoption, with significant spending projected, indicating a shift towards digitization. The industry is fragmented, with major players like BlackRock Inc., The Vanguard Group, Inc., Goldman Sachs, Fidelity Investments, and Brookfield Asset Management competing fiercely. Recent acquisitions, such as BlackRock's purchase of Kreos and Fidelity's acquisition of Shoobx, highlight strategic moves to expand market presence and enhance service offerings.

Explore More

US Asset Management Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Drivers
  1. 1.1.1 Rapid Growth in Advanced Technologies such as AI, IoT, Etc.,
  2. 1.1.2 Increase in Wealth of HNI's is Driving the Market
2. 1.2 Market Restraints
  1. 1.2.1 The Cost of Administering the Asset Management Solutions has Increased Significantly
3. 1.3 Market Opportunities
  1. 1.3.1 Growth in Investments of High-Growth Alternative Assets and Private Market Opportunities.
  2. 1.3.2 The Increasing Use of Cloud-Based Digital Asset Management (DAM) Solutions and the Growth of Digital Content
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers/Consumers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Intensity of Competitive Rivalry
5. 1.5 Insights on Technological Innovations in the Market
6. 1.6 Impact of COVID-19 on the market
2. MARKET SEGMENTATION
1. 2.1 By Client Type
  1. 2.1.1 Retail
  2. 2.1.2 Pension Fund
  3. 2.1.3 Insurance Companies
  4. 2.1.4 Banks
  5. 2.1.5 Other Client Types
2. 2.2 By Asset Class
  1. 2.2.1 Equity
  2. 2.2.2 Fixed Income
  3. 2.2.3 Cash/Money Market
  4. 2.2.4 Alternative Investments
  5. 2.2.5 Other Asset Classes

US Asset Management Market Size FAQs

How big is the US Asset Management Market?

The US Asset Management Market size is expected to reach USD 48.22 trillion in 2024 and grow at a CAGR of 18.67% to reach USD 113.48 trillion by 2029.