세계의 신탁 및 법인 서비스 시장 : 고객별, 서비스별, 기업 규모별, 최종사용자별, 지역별 - 시장 규모, 산업 역학, 기회 분석 및 예측(2025-2033년)

The trust and corporate service market is poised for steady and sustained growth over the coming years. Valued at approximately US$ 13.86 billion in 2024, the market is expected to surpass US$ 20.05 billion by 2033, reflecting a compound annual growth rate (CAGR) of 4.19% during the forecast period from 2025 to 2033. This upward trajectory is fueled by several interrelated factors that collectively enhance demand for trust and corporate services on a global scale.

In addition to demographic and business trends, the growing complexity of global regulations is a critical driver of market growth. As cross-border transactions and international business operations become more prevalent, corporations and individuals must navigate an increasingly intricate regulatory landscape. This complexity creates a strong need for specialized trust and corporate services that can ensure compliance, manage risk, and facilitate efficient financial and legal operations across multiple jurisdictions.

Noteworthy Market Developments

The Trust and Corporate Service Market is currently experiencing a dynamic and competitive transformation as crypto-native providers and traditional financial institutions increasingly converge. Coinbase Custody, leveraging its first-mover advantage in the digital asset space, played a pivotal role in 2024 by serving as the custodian for eight out of eleven Bitcoin exchange-traded funds (ETFs) launched in the United States. This early leadership positioned Coinbase as a key player in the emerging crypto custody landscape.

Meanwhile, established financial giants like BNY Mellon continue to dominate the market with their immense scale and breadth of services, managing a staggering US$ 53 trillion in total assets under custody as of the first quarter of 2025. This contrast between innovative newcomers and entrenched incumbents highlights the evolving competitive dynamics within the sector.

Supporting this shift toward innovation, State Street's 2024 research underscored the transformative potential of distributed ledger technology (DLT), projecting a 50% reduction in costs through its adoption. This insight signals the growing recognition among traditional institutions of blockchain's ability to enhance efficiency and transparency in trust and corporate services. Amid these advancements, BitGo has carved out a leadership position in tokenized equity administration in 2025, exemplifying how specialized providers are capitalizing on the growing demand for blockchain-based solutions.

In parallel to these technological and competitive shifts, several traditional providers are also expanding and consolidating their market presence. In July 2025, Saffery Trust, a multi-jurisdictional provider specializing in private client trust and corporate services, announced the launch of a dedicated service offering in the United Kingdom. This expansion brings five decades of international expertise into the UK market, reinforcing Saffery Trust's commitment to addressing the evolving wealth structuring needs of its clients.

Core Growth Drivers

The rapid proliferation of assets across numerous blockchain networks has introduced a significant operational bottleneck, intensifying the need for advanced administrative solutions within the trust and corporate service market. Institutional investors and corporations no longer confine their operations to a single blockchain; instead, their digital assets are dispersed across a complex, multi-chain ecosystem. This fragmentation is further complicated by an expanding network of cross-chain bridges, which facilitate the seamless movement of assets between different blockchain platforms. These bridges have become indispensable infrastructure, enabling liquidity and interoperability across diverse decentralized networks.

Emerging Opportunity Trends

The migration of institutional capital into decentralized finance (DeFi) represents a significant catalyst for growth and an emerging service opportunity within the broader financial ecosystem. As institutional investors increasingly engage with permissioned DeFi pools, which had already controlled approximately US$ 6.4 billion in transaction volume by mid-2025, the demand for specialized administrative and corporate support services is intensifying. Unlike traditional finance, DeFi operates on blockchain technology through complex smart contracts, requiring service providers to possess deep technical expertise to manage these interactions effectively. This includes overseeing the execution of smart contracts, ensuring operational integrity, and navigating the unique challenges posed by decentralized protocols.

Barriers to Optimization

Trust and Corporate Service Providers (TCSPs) operate within a global regulatory environment that is both constantly evolving and increasingly fragmented, presenting substantial compliance challenges. As governments and regulatory bodies worldwide intensify their oversight, TCSPs find themselves under greater scrutiny, particularly in areas related to financial crime prevention. Heightened demands for transparency around beneficial ownership require TCSPs to significantly enhance their due diligence processes to identify and verify the true owners of assets and entities they manage. This amplified scrutiny aims to combat money laundering, tax evasion, and other illicit activities, placing additional responsibilities on providers to implement robust compliance frameworks and maintain meticulous records.

Detailed Market Segmentation

By Client, the corporate segment holds a commanding 53.8% share of the trust and corporate service market, reflecting its pivotal role in driving demand for these specialized services. This substantial market share is largely attributable to the escalating complexities associated with global business operations. As corporations expand their footprints across multiple countries and regions, they are faced with a labyrinth of international regulations, tax regimes, and compliance requirements that vary significantly from one jurisdiction to another. Navigating this intricate regulatory environment demands specialized trust and corporate services that can ensure seamless compliance while optimizing financial and operational efficiency.

By Services, treasury services have firmly established themselves as the most sought-after offering within the trust and corporate service market, accounting for a significant 24.2% of the sector's total revenue. This dominant position is a reflection of the crucial role that treasury functions play in safeguarding the financial health and guiding the strategic direction of organizations across industries. Acting as the internal bank of a company, the treasury department is entrusted with a wide array of responsibilities that are vital to day-to-day operations and the long-term financial stability of the business. These include managing cash flow to ensure that operational liquidity is maintained, overseeing investments to optimize returns, securing financing to support growth initiatives, and mitigating financial risks such as currency fluctuations and interest rate changes.

By End Users, the Banking, Financial Services, and Insurance (BFSI) sector emerges as one of the most influential end-users in the trust and corporate service market, commanding a substantial 35.5% share of the total market. This dominant position reflects the sector's inherent complexities and the vast scale of assets under its management, which require meticulous oversight and sophisticated service solutions. BFSI institutions operate within a highly regulated environment that demands strict adherence to compliance standards, making trust and corporate services a critical component of their operational framework. The regulatory landscape governing the sector is continuously evolving, with increasing scrutiny from regulators worldwide, compelling BFSI organizations to invest heavily in compliance mechanisms and risk mitigation strategies.

By Enterprise Size, large enterprises are the driving force behind the trust and corporate service market, generating a remarkable 70.2% of the sector's total revenue. This dominant contribution highlights the critical role that these sizable organizations play within the industry. The substantial revenue share stems from the vast and multifaceted operational footprints that characterize large corporations, which often span multiple countries and regions. Operating across diverse jurisdictions exposes these enterprises to a complex web of financial regulations, each with distinct compliance requirements, legal frameworks, and reporting standards.

Segment Breakdown

• By Clients
• Institutional Clients
• Private Clients
• Corporates

By Services

• Treasury Services
• Depository Services
• Wealth Management
• Fund Accounting
• Business Succession Planning
• Listing Services
• Others

By Enterprise Size

• Large Enterprises
• Small and Medium Enterprises

By End User

• Law Firms
• BFSI
• Aviation Industry
• Shipping Industry
• Others

By Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Argentina
• Brazil
• Rest of South America

Geography Breakdown

• North America holds a dominant position in the global trust and corporate services market, commanding a substantial 34.50% share of the overall market. This leadership is underpinned by a mature and well-established regulatory environment that provides a solid foundation for business operations and investor confidence. The region's regulatory framework is comprehensive, ensuring transparency, compliance, and protection for stakeholders, which in turn fosters a favorable climate for the growth and development of trust and corporate services.
• Within North America, the United States stands out as the primary engine driving market growth. The country's financial ecosystem is characterized by the continuous creation and expansion of regulated investment products, which cater to a diverse range of clients, including institutional investors, corporations, and high-net-worth individuals. These products not only enhance the breadth and depth of the market but also provide new avenues for wealth management, asset protection, and corporate structuring.

Leading Market Participants

• Corporation Service Co.
• Intertrust Group B V
• IQ-EQ Group Holdings S.a r.l
• JTC Plc
• Ocorian Ltd.
• The Citco Group Ltd.
• TMF Group B.V.
• Tricor Services Ltd.
• Vistra Group Holdings S.A.
• Wolters Kluwer NV
• Other Prominent Players

Table of Content

Chapter 1. Research Framework

• 1.1. Research Objective
• 1.2. Product Overview
• 1.3. Market Segmentation

Chapter 2. Research Methodology

• 2.1. Qualitative Research
  • 2.1.1. Primary & Secondary Sources
• 2.2. Quantitative Research
  • 2.2.1. Primary & Secondary Sources
• 2.3. Breakdown of Primary Research Respondents, By Region
• 2.4. Assumption for the Study
• 2.5. Market Size Estimation
• 2.6. Data Triangulation

Chapter 3. Executive Summary: Global Trust and Corporate Service Market

Chapter 4. Global Trust and Corporate Service Market Overview

• 4.1. Industry Value Chain Analysis
  • 4.1.1. Material Provider
  • 4.1.2. Technology Provider
  • 4.1.3. Manufacturer
  • 4.1.4. Distributor
  • 4.1.5. End User
• 4.2. Industry Outlook
  • 4.2.1. Wealth and regulation are boosting demand for global trust and corporate services
• 4.3. PESTLE Analysis
• 4.4. Porter's Five Forces Analysis
  • 4.4.1. Bargaining Power of Suppliers
  • 4.4.2. Bargaining Power of Buyers
  • 4.4.3. Threat of Substitutes
  • 4.4.4. Threat of New Entrants
  • 4.4.5. Degree of Competition
• 4.5. Market Dynamics and Trends
  • 4.5.1. Growth Drivers
  • 4.5.2. Restraints
  • 4.5.3. Challenges
  • 4.5.4. Key Trends
• 4.6. Covid-19 Impact Assessment on Market Growth Trend
• 4.7. Market Growth and Outlook
  • 4.7.1. Market Revenue Estimates and Forecast (US$ Bn), 2019 - 2032
  • 4.7.2. Price Trend Analysis, By Region
• 4.8. Competition Dashboard
  • 4.8.1. Market Concentration Rate
  • 4.8.2. Company Market Share Analysis (Value %), 2023
  • 4.8.3. Competitor Mapping

Chapter 5. Global Trust and Corporate Service Market, By Clients

• 5.1. Key Insights
• 5.2. Market Size and Forecast, 2019 - 2032 (US$ Bn)
  • 5.2.1. Institutional Clients
  • 5.2.2. Private Clients
  • 5.2.3. Corporates

Chapter 6. Global Trust and Corporate Service Market, By Services

• 6.1. Key Insights
• 6.2. Market Size and Forecast, 2019 - 2032 (US$ Bn)
  • 6.2.1. Treasury Services
  • 6.2.2. Depository Services
  • 6.2.3. Wealth Management
  • 6.2.4. Fund Accounting
  • 6.2.5. Business Succession Planning
  • 6.2.6. Listing Services
  • 6.2.7. Others

Chapter 7. Global Trust and Corporate Service Market, By Enterprise Size

• 7.1. Key Insights
• 7.2. Market Size and Forecast, 2019 - 2032 (US$ Bn)
  • 7.2.1. Small and Medium Enterprises
  • 7.2.2. Large Enterprises

Chapter 8. Global Trust and Corporate Service Market, By End User

• 8.1. Key Insights
• 8.2. Market Size and Forecast, 2019 - 2032 (US$ Bn)
  • 8.2.1. Law Firms
  • 8.2.2. BFSI
  • 8.2.3. Aviation Industry
  • 8.2.4. Shipping Industry
  • 8.2.5. Others

Chapter 9. Global Trust and Corporate Service Market, By Region/ Country

• 9.1. Key Insights
• 9.2. Market Size and Forecast, 2019 - 2032 (US$ Bn)
  • 9.2.1. North America
    • 9.2.1.1. The U.S.
    • 9.2.1.2. Canada
    • 9.2.1.3. Mexico
  • 9.2.2. Europe
    • 9.2.2.1. Western Europe
      • 9.2.2.1.1. The UK
      • 9.2.2.1.2. Germany
      • 9.2.2.1.3. France
      • 9.2.2.1.4. Italy
      • 9.2.2.1.5. Spain
      • 9.2.2.1.6. Rest of Western Europe
    • 9.2.2.2. Eastern Europe
      • 9.2.2.2.1. Poland
      • 9.2.2.2.2. Russia
      • 9.2.2.2.3. Rest of Eastern Europe
  • 9.2.3. Asia Pacific
    • 9.2.3.1. China
    • 9.2.3.2. India
    • 9.2.3.3. Japan
    • 9.2.3.4. Australia & New Zealand
    • 9.2.3.5. ASEAN
    • 9.2.3.6. Rest of Asia Pacific
  • 9.2.4. Middle East & Africa (MEA)
    • 9.2.4.1. UAE
    • 9.2.4.2. Saudi Arabia
    • 9.2.4.3. South Africa
    • 9.2.4.4. Rest of MEA
  • 9.2.5. South America
    • 9.2.5.1. Brazil
    • 9.2.5.2. Argentina
    • 9.2.5.3. Rest of South America

Chapter 10. North America Trust and Corporate Service Market Analysis

• 10.1. Key Insights
• 10.2. Market Size and Forecast, 2019 - 2032 (US$ Bn)
  • 10.2.1. By Clients
  • 10.2.2. By Services
  • 10.2.3. By Enterprise Size
  • 10.2.4. By End User
  • 10.2.5. By Country

Chapter 11. Europe Trust and Corporate Service Market Analysis

• 11.1. Key Insights
• 11.2. Market Size and Forecast, 2019 - 2032 (US$ Bn)
  • 11.2.1. By Clients
  • 11.2.2. By Services
  • 11.2.3. By Enterprise Size
  • 11.2.4. By End User
  • 11.2.5. By Country

Chapter 12. Asia Pacific Trust and Corporate Service Market Analysis

• 12.1. Key Insights
• 12.2. Market Size and Forecast, 2019 - 2032 (US$ Bn)
  • 12.2.1. By Clients
  • 12.2.2. By Services
  • 12.2.3. By Enterprise Size
  • 12.2.4. By End User
  • 12.2.5. By Country

Chapter 13. Middle East & Africa Trust and Corporate Service Market Analysis

• 13.1. Key Insights
• 13.2. Market Size and Forecast, 2019 - 2032 (US$ Bn)
  • 13.2.1. By Clients
  • 13.2.2. By Services
  • 13.2.3. By Enterprise Size
  • 13.2.4. By End User
  • 13.2.5. By Country

Chapter 14. South America Trust and Corporate Service Market Analysis

• 14.1. Key Insights
• 14.2. Market Size and Forecast, 2019 - 2032 (US$ Bn)
  • 14.2.1. By Clients
  • 14.2.2. By Services
  • 14.2.3. By Enterprise Size
  • 14.2.4. By End User
  • 14.2.5. By Country

Chapter 15. Company Profile (Company Overview, Sales Composition Ratio, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)

• 15.1. Corporation Service Co.
• 15.2. Intertrust Group B V
• 15.3. IQ-EQ Group Holdings S.a r.l
• 15.4. JTC Plc
• 15.5. Ocorian Ltd.
• 15.6. The Citco Group Ltd.
• 15.7. TMF Group B.V.
• 15.8. Tricor Services Ltd.
• 15.9. Vistra Group Holdings S.A.
• 15.10. Wolters Kluwer NV
• 15.11. Other Prominent Players