ID: MRFR/ICT/4838-HCR | February 2021 | Region: Global | 100 pages
The wealth management platform market is expecting significant growth during the ongoing forecast period of 2021-2028. The market is expecting to grow at a compound annual growth rate (CAGR) of 15% during the forecast period that will end in 2028. Also, the expected market rate for the period stands at USD 4 billion by the end of the period in 2028. One of the major reasons that will impact the global growth of the market during the ongoing forecast period is that the global market operations are increasing with a constant rise in the number of global HNWI individuals. HNWI individuals stand for the high net worth individuals. Also, the wealth management platform market is witnessing an advent of digitization and process automation that comply with the industry regulations to promise positive attributes to the market ad the operations undertaken during the period.
COVID 19 Analysis
The pandemic has entered the lives of the common man and the functional industries across various global regions which has barred them from functioning as per the requirement and meeting the degree of supply prevailing in the market. Hence, the wealth management platform market aims to recover the losses due to the pandemic with enhanced investments that will help in developing products and services on a global scale and hence, attract the demand and interest of the target audience located in various global regions as a part of the global market.
Market Dynamics
Drivers
个人和企业选择了profitable opportunities and hence, are taking steps to transform these into organic ideas having positives to offer to the global market. This is presenting the wealth management platform market with major growth ideas and growth in competition during the forecast period that ends in 2028.
Restraints
The lack of awareness amongst the target audience about the need for asset management and the benefits that the market operations have in store for the target audience and potential customers present growth restraints to the market during the forecast period ending in 2028. Also, building trust is one of the major requirements which, the target customers are taking time to develop and render the important information.
Technology Analysis
The global operations are home to an array of business functions like portfolio, trading management, and accounting, and management that has a promising future and as one of the market segments, it is likely to grow and emerge as the largest market share for the ongoing forecast period of 2021-2028. The wealth management platform market segments are witnessing an increased quantum of demand related to portfolio management and decision support alongside the need for consistent trading across a huge number of programs. The competition prevailing in the wealth management platform market is pushing for the development of a low-cost alternative that acts as a boon to the retail investors backed with certain kinds of benefits like low fees structure, ease, and convenient use, alongside the availability of diversified services that promise an excellent market growth for the period during the forecast period that ends in 2028.
Study Objectives
Market Segmentation
The wealth management platform market has been divided all across the globe based on deployment model, advisory model, end-users, and business functions.
Based on the Deployment Model
The wealth management platform industry has been divided all across the globe based on the deployment model into on-premise and on-cloud.
Based on the Advisory Model
The wealth management platform industry has been divided all across the globe based on the advisory model into the hybrid advisory model, human advisory, and Robo-advisory.
Based on the End-Users
The wealth management platform market has been divided all across the globe based on the end-users into asset management firms, brokerage firms, investment firms, trading & exchange firms, banks, and others.
Based on the Business Functions
The wealth management platform market has been divided all across the globe based on the business functions into reporting, risk and compliance management, performance management, client and fund management, trading management, accounting, portfolio, financial advice management, and others.
Regional Analysis
The wealth management platform market has been divided all across the globe based on the region into North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region. Being the fastest-growing region, the largest market share in the wealth management platform is held by the Asia-Pacific region owing to the presence of various giant manufacturers.
The second-largest market share in the wealth management platform market all across the globe is held by the North American region owing to the presence of countries like the US, Canada, and Mexico. High per capita disposable income is another contributing factor. Increasing use of technologies like Robo-advisory fuels the market.
The third-largest market share in the wealth management platform market all across the globe is held by the European region owing to the presence of well-established advanced technology infrastructure. Increasing industrialization is another contributing factor.
The least market share is held by the Latin American region and the Middle East and African region owing to the presence of low infrastructure in both these regions. Low per capita disposable income is another contributing factor that restricts the market growth in these regions.
Competitive Landscape
The most prominent major key players in the wealth management platform market all across the globe are mentioned:
这些主要关键球员使用不同的策略sustain their market position in the Wealth management platform market in the global market by going for mergers, and acquisitions, by collaborating, establishing a partnership, developing a new production process, setting up a new joint venture, developing a new product line, innovation in the existing product, and many others to expand their customer base in the untapped market of the Wealth management platform all across the globe.
Recent Developments
Report Overview
This global wealth management platform market research report consists of the following elements mentioned below:
This market research report contains factors that drive the growth of the Wealth management platform market in the global market along with the factors that restrict its growth in the global market. The technical analysis during the forecasted period is mentioned. The impact of COVID 19 on the Wealth management platform market all across the globe is mentioned. The future growth rate in the Wealth management platform market during the forecasted period is estimated and mentioned.
Intended Audience
End-users, enterprises, independent software vendors (ISVs), wealth management platform distributors, traders, wholesalers, and wealth management platform manufacturers.
Frequently Asked Questions (FAQ) :
The market is expected to expand at 15% CAGR during the forecast period.
The end-user segments of the market are as follows - banks, investment firms, brokerage firms, trading & exchange firms, asset management firms, and others.
The market is approximately estimated to be valued at over USD 4 Bn by 2023.
SS&C Technologies, Broadridge Financial Solutions, Dorsum Investment Software, and Profile Software are some of the key players of the global market.
North America is assessed to account for the dominant share of the global market.