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SHARE REGISTRY AND TRANSFER SERVICES MARKET REPORT OVERVIEW
The global share registry and transfer services market size was valued at approximately USD 1.00 billion in 2023 and is expected to reach USD 1.15 billion by 2032, growing at a compound annual growth rate (CAGR) of about 1.5% from 2024 to 2032.
The organization that provides shareholders with services relating to shares is known as the share register. The global share register offers a variety of services, including share management, share issuance, registration, and safekeeping of records. End-to-end registry system adoption would be advantageous for share registry and transfer services. The demand is growing as a result of numerous factors. Share Registry Services' application division in particular, together with the increasing awareness of them, is what makes this area of the business essential to the company's overall growth. Issue Registry. Forward and other features are helping to grow the market for share registry and transfer services.
COVID-19 Impact: Stringent Regulations and Government Rules to Hinder the Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with the share registry and transfer services market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.
The COVID-19 pandemic is anticipated to boost market expansion. With regulatory measures announced to promote the use of digital payments, usage of digital methods of money transfer increased as a result of movement and other constraints. The use of e-wallet payments in place of cash has significantly expanded as a result of the rising adoption of digital payments in emerging economies. Additionally, low- and middle-income economies have seen a steady increase in the use of mobile money services. Over the course of the projection period, it is projected that these factors would generate growth prospects for the share registry and transfer services market.
LATEST TRENDS
"Increase in Mobile-Based Payment Channels and Cross-Border Transactions to Drive Market Growth"
Cross-border transaction volume is on the rise, and mobile banking and mobile-based payment solutions are becoming more popular. These developments are projected to fuel the expansion of the remittance business. Additionally, due to an increase in global migration, international trade, and changing economic patterns. Real-time international payments may also become a reality as a result of recent cross-border payment developments. Additionally, many banks are working to provide on-time cross-border transfers and value-added services utilizing a relationship-centric strategy, which supports the market's expansion for share registry and transfer services.
SHARE REGISTRY AND TRANSFER SERVICES MARKET SEGMENTATION
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By Type
By type, the share registry and transfer services market are segmented into share registry services and share transfer services.
The share registry services segment will dominate the market in the coming years.
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By Application
Based on applications, the share registry and transfer services market are Issuers and Investors.
The Issuers segment will lead the global share through 2032.
DRIVING FACTORS
"Shortened Transfer Times and Remittance Costs to Support Market Demand"
Due to the widespread usage of digital transfer networks for sending money, such as mobile phone technology, mobile money, digital currencies, distributed ledgers, electronic identities, and others, cross-border payments have become inexpensive, rapid, auditable, and available to everyone. The expansion of digital remittance is anticipated to lessen reliance on cash agents, which are currently maintaining high transaction costs in both sending and receiving nations. It is also anticipated to reduce many of the risks, difficulties, and expenses related to security and know-your-customer programs (KYC). As a result, digital technology is used by banks and money transfer businesses to provide remittance services at significantly lower costs than traditional over-the-counter services, encouraging acceptance of digital remittance in the region.
"Market Trends for Money Transfer Companies that is Anticipated to Have a Positive Effect on Market Expansion"
The financial sector now has an easier time implementing modern innovations that could help streamline routine banking services including loans, deposits for currency exchange, and fund transfers abroad. the banking services' increasing digitalization Starting fintech businesses like TransferWise and Revolut are challenging established banks and growing their market share.
RESTRAINING FACTORS
"Increased Illicit Cash Flows in Money Transfer Agencies Will Constrain the Market Growth"
Illicit financial flows refer to cash that has been obtained, transferred, or utilized against one's will. One of the main concerns is the growing reliance on digital technologies, as well as the information and communication networks that enable illicit financial movements. Cybercrime is made easier by digital technology, which also offer numerous chances for fraud, corruption, tax evasion, and other illegal activity. The market for share registry and transfer services may not expand as quickly as anticipated due to security concerns.
SHARE REGISTRY AND TRANSFER SERVICES MARKET REGIONAL INSIGHTS
"North America to Hold the Largest Global Registry and Transfer Services Market Share in Some Regions "
The registry and transfer services market were primarily controlled by North America. Leading financial service and communication firms like Continental Exchange Solutions, Inc., Western Union Holdings, Inc., and MoneyGram are based in the area. Many people move to the North American continent in search of better educational possibilities, employment chances, as well as for business-related reasons. The region's digital remittance service providers are anticipated to experience growth as a result of the increasing immigrant population. The development of multiple payment applications has also helped the trend of quicker money transfers gain popularity in the North American region.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Top Share Registry And Transfer Services Companies
- Computershare (Australia)
- Equiniti (UK.)
- American Stock Transfer & Trust Company (U.S.)
- Link Group (Australia)
- Boardroom (U.S.)
- Tricor (China)
- Automic Group (Australia)
- Advanced Share Registry (Australia)
- Mainstream Group (U.S.)
- Central Depository Company (Pakistan)
REPORT COVERAGE
The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services, or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes several other factors that have contributed to recent share registry and transfer services market growth in some regions.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1 Billion in 2023 |
Market Size Value By |
US$ 1.15 Billion by 2032 |
Growth Rate |
CAGR of 1.5% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
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By Application
|
Frequently Asked Questions
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What are the key factors driving the share registry and transfer services market?
Increase in mobile-based payment channels and cross-border transactions are some of the driving factors of the share registry and transfer services market.
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What is the leading region in the share registry and transfer services market?
North America is the leading region for the share registry and transfer services market.
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What are the key players in the share registry and transfer services market?
Computershare, Equiniti, American Stock Transfer & Trust Company, Link Group, Boardroom are some of the leading players in the share registry and transfer services market.