Family Office Market Analysis

The global family office market has been segmented on the basis of type into single family office and multi-family office. Single family office registered the largest market share along with a value of USD 13.39 billion in the year 2019 and is projected to reach revenue share of 49.52% by the end of 2037 by growing at a CAGR of 4.50% during the forecast period. The increasing need for wealth management, backed by the growing number of billionaires is significantly driving the single-family office segment. With several new organizations and companies being launched every day, there is a significant rise in the growth of the single-family offices, which in turn is driving the growth of the segment. Single-family offices either have occasionally adjusted term sheets or standard protection requirements while making investments. The majority of single-family offices provide family services such as accounting, and tax management followed by succession planning.