According to the latest report by IMARC Group, titled "Global Wealth Management Platform Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027", the global wealth management platform market reached a value of US$ 3.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.25 Billion by 2027 exhibiting a CAGR of 13.10% during 2022-2027.
A wealth
management platform represents a software application that is deployed for
analyzing, planning, monitoring, and controlling specialized financial
services. It primarily involves legal and tax advice, financial goal planning,
estate planning, complete wealth overview, personal retail banking services,
portfolio management features, investment management services, etc. Wealth
management platforms assist in reducing manual processes and improving
investment decisions, creativity, production cycles, cost-effectiveness, etc.
Consequently, they are extensively utilized by banks, investment management
companies, trading firms, etc., for streamlining operations, delivering
consistent advice across channels, and managing complex investment programs.
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Report
Metric |
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Historical:
2016-2021 |
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Base Year:
2021 |
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Forecast
Year: 2022-2027 |
Wealth
Management Platform Market Trends and Drivers:
The
elevating digitalization levels across the banking, financial services and
insurance (BFSI) sector are primarily driving the wealth management platform
market. Additionally, the widespread product adoption as an investment advisory
service that combines various financial offerings to address the needs of
affluent clients is further catalyzing the market growth.
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Besides
this, the increasing utilization of wealth management platforms by trading and
exchange firms for analyzing financial portfolios, managing numerous clients
efficiently, accessing trading accounts, etc., is acting as another significant
growth-inducing factor.
Moreover,
the launch of digital wealth management platforms that are integrated with the
latest data-driven analytical tools is also augmenting the global market. In
line with this, several technological advancements, including the integration
of artificial intelligence (AI), Internet of Things (IoT), predictive
analytics, etc., to efficiently track expenditures and offer curated advice for
the clients, are anticipated to fuel the wealth management platform market over
the forecasted period.
Note: We are
regularly tracking the direct effect of COVID-19 on the market, along with the
indirect influence of associated industries. These observations will be
integrated into the report.
Global Wealth
Management Platform Market 2022-2027 Analysis and Segmentation:
Competitive
Landscape:
The
competitive landscape of the market has been studied in the report with the
detailed profiles of the key players operating in the market.
Avaloq (NEC
Corporation), Backbase, Broadridge Financial Solutions Inc., Comarch SA,
Crealogix AG, Fidelity National Information Services Inc., Fiserv Inc., Infosys
Limited, Profile Systems and Software S.A., Prometeia S.p.A, SEI Investments
Company, SS&C Technologies Inc., Tata Consultancy Services Limited and
Temenos Headquarters SA.
The report has segmented the market on the
basis of region, advisory model, deployment mode, business function, enterprise
size and end use industry.
Breakup by Advisory
Model:
· Hybrid
· Robo
Advisory
· Human
Advisory
Breakup by Deployment Mode:
· On-premises
· Cloud-based
Breakup by Business
Function:
· Reporting
· Performance
Management
· Financial
Advice Management
· Risk
and Compliance Management
· Portfolio,
Accounting and Trading Management
· Others
Breakup by
Enterprise Size:
· Large
Enterprises
· Small
and Medium-sized Enterprises
Breakup by End Use Industry:
· Banks
· Brokerage
Firms
· Investment
Management Firms
· Trading
and Exchange Firms
· Others
- North America: (United States,
Canada)
- Asia Pacific: (China,
Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United
Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico,
Others)
- Middle East and Africa
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latest primary and secondary data (2022-2027) with Cost Module, Business
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Key
highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success
Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the
Competitive Landscape
If you need
specific information that is not currently within the scope of the report, we
can provide it to you as a part of the customization.
About Us:
IMARC Group
is a leading market research company that offers management strategy and market
research worldwide. We partner with clients in all sectors and regions to
identify their highest-value opportunities, address their most critical
challenges, and transform their businesses.
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information products include major market, scientific, economic and
technological developments for business leaders in pharmaceutical, industrial,
and high technology organizations. Market forecasts and industry analysis for
biotechnology, advanced materials, pharmaceuticals, food and beverage, travel
and tourism, nanotechnology and novel processing methods are at the top of the
company’s expertise.
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