United Kingdom Asset Management Industry Market Size was valued at USD 258.9 Billion in 2022. The Asset Management Industry Market industry is projected to grow from USD 274.6 Billion in 2023 to USD 441.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.20% during the forecast period (2024 - 2032). Increasing demand for investment products and advancements in technology are the main market drivers anticipated to propel the asset management industry market in the United Kingdom.
Figure 1: United Kingdom Asset Management Industry Market Size, 2024-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The rising adoption of cloud-based IT asset management solutions in the United Kingdom is fueling the market CAGR in the asset management industry. The flexibility and scalability of cloud-based IT asset management solutions are important factors driving their increasing use. Cloud-based solutions enable organizations to swiftly scale their asset management capabilities up or down based on their needs. The cloud infrastructure provides seamless asset integration and management across several locations, divisions, and even globally dispersed teams. This versatility is especially beneficial for firms that are experiencing growth, acquisitions, or changes to their IT infrastructure in United Kingdom.
Additionally, cloud solutions enhance accessibility and collaboration; users may use the digital asset management system from any location or device with an internet connection, enabling remote work, mobility, and real-time team collaboration in United Kingdom. This accessibility eliminates geographical barriers while also improving the efficiency of asset management tasks. Another advantage of cloud-based IT asset management solutions is that IT infrastructure and maintenance costs are lower. Organizations no longer require pricey gear, servers, or IT infrastructure to support their asset management system. The cloud provider handles the infrastructure, software upgrades, and maintenance, freeing up resources for more strategic initiatives. Because of their low cost, cloud-based solutions are especially appealing to small and medium-sized businesses with limited IT budgets. As a result, the benefits of cloud-based IT asset management solutions, such as flexibility, scalability, accessibility, and cost-effectiveness, encourage their adoption in the United Kingdom. Thus, driving the United Kingdom Asset Management Industry market revenue.
The United Kingdom Asset Management Industry Market segmentation, based on asset class, includes Equity, Fixed Income, Property, Cash And Other Asset Classes (Liability Driven Investment (LDI) Strategies, etc). The equity segment is the most important in the asset management industry. Equity investments, which comprise stocks and shares of a company, often account for a large amount of the assets managed by asset management businesses. This sector is motivated by the prospect of higher returns and long-term capital growth. Asset managers strive to create diverse stock portfolios that match their clients' investment objectives.
The United Kingdom Asset Management Industry Market segmentation, based on Client Type, includes Retail, Private Clients, and Institutional Investors. Retail is a prominent shareholder area in the Asset Management Industry. Retail investors, like people and small businesses, account for a significant share of the assets under management in the industry. They frequently invest in mutual funds, exchange-traded funds, and other investment products offered by asset management firms.
Figure 1: United Kingdom Asset Management Industry Market, By Client Type, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The asset management industry market in the United Kingdom is active and thriving. It is among the world's largest and most competitive asset management markets. The industry is noted for its solid regulatory structure, proficiency in fund management, and diverse investment prospects. Asset management firms in the United Kingdom provide a wide range of investment products, such as mutual funds, pension funds, and alternative investments. The industry is distinguished by high levels of expertise, creativity, and a commitment to provide value to investors. With London serving as a global financial hub, the United Kingdom asset management industry attracts both domestic and international investors.
Leading market players are investing heavily in research and development in order to expand their Type lines, which will help the Asset Management Industry Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new Type launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Asset Management Industry industry must offer cost-effective items.
Major players in the Asset Management Industry Market are attempting to increase market demand by investing in research and development operations, including Legal and General Investment Management, Insight Investment Management (Global) Ltd., Schroder Investment Management Ltd., Aviva Investors, M&G Investments Ltd., UBS Asset Management Ltd., BlackRock Investment Management (UK) Ltd., Aberdeen Standard Investments, State Street Global Advisors UK Ltd., J.P. Morgan Asset Management.
Legal and General Investment Management
Insight Investment Management (Global) Ltd.
Schroder Investment Management Ltd.
Aviva Investors
M&G Investments Ltd.
UBS Asset Management Ltd.
BlackRock Investment Management (UK) Ltd.
Aberdeen Standard Investments
State Street Global Advisors UK Ltd.
J.P. Morgan Asset Management
In June 2023, GFH Group announced its continued growth and diversification with the establishment of GFH Partners Ltd, a wholly owned subsidiary focused on expanding the Group's global asset management capabilities, with a particular emphasis on the real estate sector, where GFH Partners currently manages over USD 6 billion of real estate assets as part of the Group's total USDS 18 billion of assets. GFH Partners manages assets in the stable and core markets of the United Kingdom and the United Kingdom.
In May 2023, Lansdowne Partners LLP, a London-based investment manager, agreed to acquire CRUX Asset Management, a UK equities manager worth USD 1.1 billion.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 258.9 Billion |
| Market Size 2023 | USD 274.6 Billion |
| Market Size 2032 | USD 441.1 Billion |
| Compound Annual Growth Rate (CAGR) | 11.20% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Asset Class, Client Type, and Region |
| Countries Covered | United Kingdom |
| Key Companies Profiled | Legal and General Investment Management, Insight Investment Management (Global) Ltd., Schroder Investment Management Ltd., Aviva Investors, M&G Investments Ltd., UBS Asset Management Ltd., BlackRock Investment Management (UK) Ltd., Aberdeen Standard Investments, State Street Global Advisors UK Ltd., J.P. Morgan Asset Management. |
| Key Market Opportunities | Growing interest in sustainable and socially responsible investing     Expansion into emerging markets with untapped potential |
| Key Market Dynamics | Increasing demand for investment products Advancements in technology |
Frequently Asked Questions (FAQ) :
The United Kingdom Asset Management Industry Market size was valued at USD 274.6 Billion in 2023.
The market is projected to grow at a CAGR of 11.20% during the forecast period, 2024-2032
The key players in the market are Legal and General Investment Management, Insight Investment Management (Global) Ltd., Schroder Investment Management Ltd.
The equity category dominated the market in 2023.
Retail had the largest share of the market.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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