UK Asset Management Market Insights Forecasts to 2033

• The Market is growing at a CAGR of 6.11 % from 2023 to 2033
• The UK Asset Management Market Size is expected to reach a significant share by 2033

The UK Asset Management Market is anticipated to exceed a significant share by 2033, growing at a CAGR of 6.11 % from 2023 to 2033.

Market Overview

The term asset management describes the methodical and planned process of overseeing, preserving, and managing the resources of an organization. This can apply to intangible assets like software, patents, trademarks, and intellectual property as well as actual assets like real estate, machinery, equipment, and inventory. One of the biggest asset management hubs is located in the UK, which is helped by favorable regulations, a vast pool of skilled labor, and a growing financial and professional services market. In addition, the nation leads the way in sustainable investing and has a disproportionately high number of public pension funds and sovereign wealth funds with overseas offices, which supports the international market. Rapid digital transformation is one of the main trends in the asset management market in the United Kingdom. Asset managers are digitizing their systems and processes quickly to gain a competitive edge, maximize asset utilization, improve accountability and transparency, streamline operations, and reduce operating costs.  

Report Coverage

This research report categorizes the market for the UK asset management market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the UK asset management market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the UK asset management market.

Driving Factors

A vital component of the financial system in the UK, the asset management industry offers investors access to a wide variety of investment options and stimulates economic growth. An additional factor propelling M&A activity is the increasing demand on margins. Furthermore, technological advancements and inventions are also anticipated to drive the growth of the asset management market in the forecast period. Moreover, in addition, the nation leads the way in sustainable investing and has a disproportionately high number of public pension funds and sovereign wealth funds with overseas offices, which supports the international market. These factors drive the growth of the asset management market.

Restraining Factors

Implementing management solutions requires a large capital expenditure, which is one of the major factors hindering the growth of the market. Another restraining factor is the overall costs of these systems are projected to stay expensive due mostly to the costs associated with software, servers, and maintenance services, even while the prices of some of the solution-related components, such as readers and tags, are decreasing. Furthermore, a lack of trained professionals to maintain and operate on-premises solutions can hamper the growth of the asset management market.     

Market Segmentation

The UK asset management market share is classified into asset type, component, and application.

• The digital assets segment is expected to hold the largest market share through the forecast period.   

The UK asset management market is segmented by asset type into digital assets and in-transit equipment. Among these, the digital assets segment is expected to hold the largest market share through the forecast period. Companies are accepting digital services and solutions at a rapid pace to standardize processes and reduce overall operating costs. For vendors of digital products and services, the ongoing trend of digitization is positive. The need for digital solutions is anticipated to increase during the forecast period due to increasing numbers and densities of digital assets across companies.

• The solution segment dominates the market with the largest market share over the predicted period.

The UK asset management market is segmented by component into solution and service. Among these, the solution segment dominates the market with the largest market share over the predicted period. Global positioning systems (GPS), barcodes, labels, mobile computers, real-time location systems (RTLS), and other technologies are included in the solution market. The solution segment is growing market share with the help of the barcode section. In numerous industries and industry verticals, such as healthcare, logistics, food & beverage, and consumer goods, image-based barcode scanners are gradually gaining popularity because of their 2D code-reading skills, long-term dependability, and multiple code-reading abilities.   

• The aviation AM segment is expected to hold the largest share of the UK asset management market during the forecast period.       

Based on the application, the UK asset management market is divided into aviation AM and hospital AM. Among these, the aviation AM segment is expected to hold the largest share of the UK asset management market during the forecast period. The aviation sector has experienced a growth in asset management, which can be attributed to the focus commercial airline operators have given on expanding their service offerings to meet the growing demand for airborne freight and in-flight passenger transportation.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the UK asset management market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Legal & General Group plc.
• Prudential plc
• Royal London Asset Management
• M&G plc
• Insight Investment International Limited
• Legal and General Investment Management
• Janus Henderson Group plc
• Schroders plc
• BlackRock Investment Management (UK) Ltd
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2023, the USD 1.1 billion acquisition of UK equities firm CRUX Asset Management was approved by the London-based investment manager Lansdowne Partners LLP.  

Market Segment

This study forecasts revenue at UK, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the UK asset management market based on the below-mentioned segments:

UK Asset Management Market, By Asset Type

• Digital Assets
• In-transit Equipment

UK Asset Management Market, By Component

• Solution
• Service

UK Asset Management Market, By Application

• Aviation AM
• Hospital AM