Custody Services: Market Size & Forecast 2026

The global custody services market sits at approximately USD 145 billion in 2025 (base year), spanning securities safekeeping, asset servicing, and fund administration across institutional investor, asset manager, insurance, pension fund, and sovereign wealth fund client segments. The market operates under a 6.3% CAGR through 2032, with the top four global custodians, BNY Mellon, JPMorgan Chase, State Street, and Citi, collectively safeguarding roughly USD 180 trillion in assets under custody. This concentration defines the Buyer Power Score, which we set at -2.0, reflecting supplier-favoring dynamics where switching costs, regulatory compliance barriers, and the specialised technology infrastructure required to compete all weigh against buyer negotiating leverage. > **Analyst Take.** Our view: the consolidation now under way, driven by the Standard Chartered-Zodia transaction, Ripple-Pa

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