Graph and download economic data for Producer Price Index by Industry: Residential Property Managers: Residential Property Management Services (PCU5313115313111) from Dec 1995 to Feb 2025 about management, residential, services, PPI, industry, inflation, price index, indexes, price, and USA.

The global inflation management services market size was valued at USD 22.1 billion in 2023 and is projected to grow from USD 25.8 billion in 2025 to USD 49.2 billion by 2033, exhibiting a CAGR of 8.6% during the forecast period. The market growth can be attributed to the rising concerns regarding inflation, increasing complexity of global supply chains, and growing adoption of inflation management services by businesses to mitigate the impact of inflation on their financial performance. The market is segmented into small and medium-sized enterprises (SMEs) and large enterprises based on application. The SMEs segment held a larger market share in 2023 due to the higher vulnerability of SMEs to inflation. However, the large enterprise segment is anticipated to grow at a faster CAGR during the forecast period as large enterprises are increasingly recognizing the importance of inflation management services. The market is also segmented geographically into North America, South America, Europe, the Middle East & Africa, and Asia Pacific. The North American region held the largest market share in 2023, followed by Europe and Asia Pacific.

Graph and download economic data for Producer Price Index by Industry: Management and Technical Consulting Services (PCU54165416) from Jun 2006 to Feb 2025 about management, services, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Nonresidential Property Managers: Nonresidential Property Management Services (PCU5313125313121) from Dec 1995 to Feb 2025 about management, nonresidential, services, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Commodity: Data Processing and Related Services: Business Process Management Services (Partial) (WPU38110201) from Dec 2008 to Feb 2025 about information technology, management, processed, business, services, commodities, PPI, inflation, price index, indexes, price, and USA.

The inflation rate in the United States declined significantly between June 2022 and January 2025, despite rising inflationary pressures towards the end of 2024. The peak inflation rate was recorded in June 2022, at 9.1 percent. In August 2023, the Federal Reserve's interest rate hit its highest level during the observed period, at 5.33 percent, and remained unchanged until September 2024, when the Federal Reserve implemented its first rate cut since September 2021. By January 2025, the rate dropped to 4.33 percent, signalling a shift in monetary policy. What is the Federal Reserve interest rate? The Federal Reserve interest rate, or the federal funds rate, is the rate at which banks and credit unions lend to and borrow from each other. It is one of the Federal Reserve's key tools for maintaining strong employment rates, stable prices, and reasonable interest rates. The rate is determined by the Federal Reserve and adjusted eight times a year, though it can be changed through emergency meetings during times of crisis. The Fed doesn't directly control the interest rate but sets a target rate. It then uses open market operations to influence rates toward this target. Ways of measuring inflation Inflation is typically measured using several methods, with the most common being the Consumer Price Index (CPI). The CPI tracks the price of a fixed basket of goods and services over time, providing a measure of the price changes consumers face. At the end of 2023, the CPI in the United States was 158.11 percent, up from 153.12 a year earlier. A more business-focused measure is the producer price index (PPI), which represents the costs of firms.

In January 2025, prices had increased by three percent compared to January 2024 according to the 12-month percentage change in the consumer price index — the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages. In economics, the inflation rate is a measure of the change in price level over time. The rate of decrease in the purchasing power of money is approximately equal. A projection of the annual U.S. inflation rate can be accessed here and the actual annual inflation rate since 1990 can be accessed here. InflationOne of the most important economic indicators is the development of the Consumer Price Index in a country. The change in this price level of goods and services is defined as the rate of inflation. The inflationary situation in the United States had been relatively severe in 2022 due to global events relating to COVID-19, supply chain restrains, and the Russian invasion of Ukraine. More information on U.S. inflation may be found on our dedicated topic page. The annual inflation rate in the United States has increased from 3.2 percent in 2011 to 8.3 percent in 2022. This means that the purchasing power of the U.S. dollar has weakened in recent years. The purchasing power is the extent to which a person has available funds to make purchases. According to the data published by the International Monetary Fund, the U.S. Consumer Price Index (CPI) was about 258.84 in 2020 and is forecasted to grow up to 325.6 by 2027, compared to the base period from 1982 to 1984. The monthly percentage change in the Consumer Price Index (CPI) for urban consumers in the United States was 0.1 percent in March 2023 compared to the previous month. In 2022, countries all around the world are experienced high levels of inflation. Although Brazil already had an inflation rate of 8.3 percent in 2021, compared to the previous year, while the inflation rate in China stood at 0.85 percent.

For 2024, cyber incidents were a leading business risk to companies of all sizes globally according to risk management experts worldwide. Some industries are more prone to cyberattacks than others. For instance, manufacturing was the most targeted industry globally by ransomware incidents in 2023. Meanwhile, the number of cyber incidents in the financial sector increased in recent years. How does cybercrime jeopardize businesses? Cyber incidents pose a multitude of risks to businesses across various aspects. Financially, they can result in direct losses through theft, ransom payments, or disruptions in operations, which affect revenue streams and stability. Between 2001 and 2023, the monetary damage from cybercrime in the United States rose from 17.8 million U.S. dollars to a staggering 12.5 billion dollars. What challenges do businesses face due to inflation? Inflation poses numerous challenges to organizations, affecting consumer spending, interest rates, driving up operational expenses, and creating uncertainty in strategic planning. Rising prices frequently result in increased costs for raw materials and wages, thereby reducing profit margins. Throughout much of the 2010s, inflation was consistently low, especially between 2013 and 2020, when it fluctuated between 2.7 and 3.6 percent. However, the annual global inflation rate peaked in 2022, at 8.71 percent, and is expected to decline in the following years. This heightened inflation was a sign that the global economy was undergoing a period of great uncertainty, which made it more expensive to do business.

Europe’s management consultants industry plays a vital role in shaping businesses by offering expert advice and strategies. In recent years, IT strategy and environmental consulting have seen significant growth, supporting industry revenue. Management consultants faced setbacks due to volatile economic conditions and subdued business spending amid the COVID-19 pandemic and severe inflation. Industry revenue is expected to sink at a compound annual rate of 2.7% to €374.7 billion over the five years through 2024, including a forecast dip of 1.5% in 2024. A growing number of enterprises across Europe has expanded the potential client pool for management consultants. Rising digitalisation and significant technology adoption among businesses and consumers fuel demand for IT strategy consulting. However, industry players face strong competition from computer consultants. Growing environmental awareness and sustainability targets in the EU and nations outside of the bloc are driving demand for environmental consulting, with businesses seeking ways to make operations more sustainable. Changing regulations and the introduction of new rules also provide support as management consultants help businesses navigate these regulatory changes. However, the COVID-19 outbreak and the subsequent soaring inflation have subdued business sentiment and activity, weakening spending as they seek to cut costs. Sinking revenue has been limited by stronger business demand for countercyclical services like risk management. Competitive pressures and rising wage costs as firms fight for skilled staff have weighed on the industry’s profit margin. More favourable economic conditions will pave the way for higher business activity and greater spending on management consultants as companies seek to make their operations more efficient. Revenue is forecast to climb at a compound annual rate of 4.6% to €469.7 billion over the five years through 2029. As digitalisation continues, demand for IT strategy consulting will fuel demand. At the same time, businesses striving to meet 2050 net zero targets will drive demand for environmental consulting. Despite increasing competitive pressures, management consultants will be forced to innovate, utilising technology advancements like AI and big data to enhance their offerings. Smaller firms will likely hone their focus on niche markets like IT strategy or environmental consulting.

According to Cognitive Market Research, the asset and wealth management market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of XX from 2024 to 2031.

North America held the major market of more than XX of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX from 2024 to 2031.
Increasing demand for the industry would result in exponential growth with new investments in the market. 
Technological advancements are the main growth driver of the global asset and wealth management market. 
Security protocols in Global asset and wealth management are a restraint. 
Emerging market economies will further create lucrative opportunities for the Global asset and wealth management market. 
Based on the Advisory segment, Robo Advisory has seen the highest CAGR and market and will continue to grow in the upcoming years. 
Growing trends in the asset and management industry are investing more in technology, and cyber security to enhance security and data, offering effective services to clients and improving client acquisition.

Market Dynamics of asset and wealth management market

Key Driving Factors of the asset and wealth management market

How Technological advancements are impacting asset and wealth management?

The wealth management industry is anticipated to a strong growth in the coming years. There is a rising trend of technological transformation in this industry with a shift to online services. This leads to effective solutions and increasing demand in the industry. Wealth management firms have also started providing several services to clients with increased financial plans, etc. The robo-advisor technology is being widely used by the firms A hybrid approach that smoothly combines human services and technological innovation is the way wealth management will develop in the future. Wealth managers can take advantage of the power of data and analytics due to the boost in digital transformation. The rise of fintech firms has accelerated the growth in the global market. Although the wealth management industry works majorly through human advisors which is why there should be a right balance between technology and personal interactions with clients. There has been a significant shift in the demographic landscape of the wealth management industry, especially after the COVID-19 outbreak. Firms are providing services to clients across the globe through virtual meetings and by using more technological advancements and AI Tools. For instance, in 2020, the online brokerage company E*TRADE Financial Corporation was to be acquired by Morgan Stanley. The purchase intends to give Morgan Stanley's customers access to a more complete digital asset management platform and to grow the company's wealth management division.

Rising economic growth is the main driver for the global asset and wealth management market

The asset and wealth management market is driven by strong economic growth and is determined by several factors such as inflation, interest rates, macroeconomic conditions, etc. These factors play an important role in shaping investment and financial strategies. Resilient economic growth drives up the demand and results in healthy growth for the asset and wealth management market. Adoption of technology and productive investment both increase productivity. GDP growth and productivity growth are considerably accelerated by new investment. Businesses increase their investments in and use of digital and automation technologies in response to tight labor markets, which promotes productivity development. Redesigned supply chains are still effective, and there is a surplus of labor available worldwide thanks to a new wave of growing nations. Technology and innovation are effectively pushed by industrial strategy. The rapid expansion of the supply reduces inflationary pressure. As real interest rates average 1% and inflation falls to the target level, productive capital allocation is further encouraged. Adoption of new technologies, increasing disposable income, and rise in consumers For instance, in September 2023, as per the Bureau of Economic Analysis, the increase in GDP of the US economy resulted in strong growth for the Global asset and wealth management market.

Restraining factors of asset and wealth management mar...

Russia Consumer Price Index (CPI): Prev Month=100: HU: Utilities: Solid Municipal Waste Management: per sq m data was reported at 100.000 Prev Mth=100 in Dec 2024. This records an increase from the previous number of 99.950 Prev Mth=100 for Nov 2024. Russia Consumer Price Index (CPI): Prev Month=100: HU: Utilities: Solid Municipal Waste Management: per sq m data is updated monthly, averaging 100.030 Prev Mth=100 from Jan 2020 (Median) to Dec 2024, with 60 observations. The data reached an all-time high of 107.340 Prev Mth=100 in Dec 2022 and a record low of 98.710 Prev Mth=100 in Jan 2020. Russia Consumer Price Index (CPI): Prev Month=100: HU: Utilities: Solid Municipal Waste Management: per sq m data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Inflation – Table RU.IA011: Consumer Price Index: Previous Month=100: Services.

During the period beginning roughly in the mid-1980s until the Global Financial Crisis (2007-2008), the U.S. economy experienced a time of relative economic calm, with low inflation and consistent GDP growth. Compared with the turbulent economic era which had preceded it in the 1970s and the early 1980s, the lack of extreme fluctuations in the business cycle led some commentators to suggest that macroeconomic issues such as high inflation, long-term unemployment and financial crises were a thing of the past. Indeed, the President of the American Economic Association, Professor Robert Lucas, famously proclaimed in 2003 that "central problem of depression prevention has been solved, for all practical purposes". Ben Bernanke, the future chairman of the Federal Reserve during the Global Financial Crisis (GFC) and 2022 Nobel Prize in Economics recipient, coined the term 'the Great Moderation' to describe this era of newfound economic confidence. The era came to an abrupt end with the outbreak of the GFC in the Summer of 2007, as the U.S. financial system began to crash due to a downturn in the real estate market.

Causes of the Great Moderation, and its downfall

A number of factors have been cited as contributing to the Great Moderation including central bank monetary policies, the shift from manufacturing to services in the economy, improvements in information technology and management practices, as well as reduced energy prices. The period coincided with the term of Fed chairman Alan Greenspan (1987-2006), famous for the 'Greenspan put', a policy which meant that the Fed would proactively address downturns in the stock market using its monetary policy tools. These economic factors came to prominence at the same time as the end of the Cold War (1947-1991), with the U.S. attaining a new level of hegemony in global politics, as its main geopolitical rival, the Soviet Union, no longer existed. During the Great Moderation, the U.S. experienced a recession twice, between July 1990 and March 1991, and again from March 2001 tom November 2001, however, these relatively short recessions did not knock the U.S. off its growth path. The build up of household and corporate debt over the early 2000s eventually led to the Global Financial Crisis, as the bursting of the U.S. housing bubble in 2007 reverberated across the financial system, with a subsequent credit freeze and mass defaults.

Smart services are expected to solve the dilemma of development and emission reduction, but there is still no conclusive evidence on whether and how they work. This article aims to explore the relationship between smart services and sustainable green transformation and the effect mechanism. To achieve this goal, a text mining analysis is performed to assess 970 Chinese listed manufacturing enterprises’ smart services development; a regression analysis is then conducted. The results show that smart services have a significant positive impact on the quality and quantity of green innovation, especially for heavily polluting enterprises. The substitution of technology and labor for capital, as well as the upgrading of human resource quality, are effective mechanisms. Smart services can assist as a management strategic tool to balance environmental protection and development, but such an effect fails to work in areas not covered by new infrastructure and is weaker for private enterprises.

Russia Consumer Price Index (CPI): Prev Dec=100: HU: Utilities: Solid Municipal Waste Management: per sq m data was reported at 106.040 Prev Dec=100 in Dec 2024. This stayed constant from the previous number of 106.040 Prev Dec=100 for Nov 2024. Russia Consumer Price Index (CPI): Prev Dec=100: HU: Utilities: Solid Municipal Waste Management: per sq m data is updated monthly, averaging 99.930 Prev Dec=100 from Jan 2020 (Median) to Dec 2024, with 60 observations. The data reached an all-time high of 113.610 Prev Dec=100 in Dec 2022 and a record low of 98.330 Prev Dec=100 in Mar 2020. Russia Consumer Price Index (CPI): Prev Dec=100: HU: Utilities: Solid Municipal Waste Management: per sq m data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Inflation – Table RU.IA020: Consumer Price Index: Previous December=100: Services.

Russia Consumer Price Index (CPI): Weights: Services: HU: Utilities: Solid Municipal Waste Management data was reported at 0.297 % in 2024. This records a decrease from the previous number of 0.308 % for 2023. Russia Consumer Price Index (CPI): Weights: Services: HU: Utilities: Solid Municipal Waste Management data is updated yearly, averaging 0.277 % from Dec 2020 (Median) to 2024, with 5 observations. The data reached an all-time high of 0.308 % in 2023 and a record low of 0.190 % in 2020. Russia Consumer Price Index (CPI): Weights: Services: HU: Utilities: Solid Municipal Waste Management data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Inflation – Table RU.IA030: Consumer Price Index: Weights.

Graph and download economic data for Producer Price Index by Commodity: Data Processing and Related Services: Data Management, Information Transformation and Other Services (WPU381103) from Dec 2008 to Feb 2025 about information technology, management, information, processed, services, commodities, PPI, inflation, price index, indexes, price, and USA.

Results of the GMM estimates for regional economies.

Results of the GMM estimates for income level economies.

Panel cointegration analysis.

Graph and download economic data for Producer Price Index by Industry: Data Processing, Hosting and Related Services: Data Management, Information Transformation, and Related Services (PCU5182105182104) from Dec 2000 to Feb 2025 about information technology, management, information, processed, services, PPI, industry, inflation, price index, indexes, price, and USA.