Corporate Secretarial Services Market to 2025 - Global Analysis and Forecasts by Service Type (Company & Subsidiaries Formation, Compliance Services, Statutory Record Maintenance, Corporate Housekeeping, Share Capital Assistance, Advice & Assistance, and Others); and End-User (Listed Companies, Private Firms, Charity, and Others)
The global corporate secretarial services market accounted to US$ 835.5 Mn in 2017 and is expected to grow at a CAGR of 7.3% during the forecast period 2018 – 2025, to account to US$ 1,440.5 Mn by 2025.
Corporate secretarial services comprise of services offered to ensure the company's compliance with the statutory and regulatory requirements. The service provider handles the client's company share transaction, act as an advisor to the company, and implement the decisions of the board of directors.
This service also includes drafting of company documents including the memorandum of association, articles of association, agreements, allotment letter, and others.
The global corporate secretarial services market by end user is segmented into listed companies, private firms, charity, and others. Others sub-segment includes universities, schools and property management companies among others.
These end-users are adopting corporate secretarial services for several purposes, which primarily include increasing their profit margin as well as the market share in their respective markets.
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The dynamic nature of businesses has led to high competition in business sectors with technological advancements and breakthrough innovations. There is no surety of a large business firm continue to remain as the market leader for a long period of time unless it adapts to the ever-changing dynamics.
Smaller firms emerging with disruptive innovations have gained the reputation as market disruptors as they pose challenges to the business of larger firms. In simpler words, the business arena today is characterized by cut-throat competition.
Each and every business today strive hard to survive and gain a competitive advantage in the market outpacing its competitor. Further, the changing economics, trade relations, Government in a particular region drive the changes in the way businesses are to be done.
Having a pre-handed idea on the changing market dynamics hands advantage to the organizations, and this can be done by leveraging upon the expertise of the personnel.
GLOBAL CORPORATE SECRETARIAL SERVICES – MARKET SEGMENTATION
By Service Type
Company & Subsidiaries Formation
Statutory Record Maintenance
Share Capital Assistance
Advice & Assistance
By End User
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Reason to Access
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the corporate secretarial services market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering in developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to segmentations like service type and end-user.
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