The latest research study “Wealth Management Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global wealth management platform market size 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.
What is a Wealth Management Platform?
Wealth management platforms are software used to plan, analyze, monitor, and manage specialized financial services. They include estate planning, portfolio management capabilities, investment management services, legal and tax advice, financial goal planning, and a complete wealth overview. They are widely used by enterprises to automate processes, provide consistent advice across various channels, and manage multiple complex investment programs from one solution. They help reduce the need for manual processes, errors, risk, financial stress, and complexity while improving investment decisions, innovation, production cycles, and cost-effectiveness. As a result, wealth management platforms are extensively used in trading and brokerage firms, investment management companies, and banks.
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.
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Wealth Management Platform Market Trends and Drivers:
The global wealth management platform market is primarily driven by the increasing digitalization and the growing usage of wealth management platforms by businesses to gain insights and enhance decision-making for higher efficiency and profitability.
Additionally, the surging product adoption in trading and exchange firms to efficiently manage multiple clients, understand the financial portfolio process, and access trading accounts is another major growth-inducing factor. Moreover, technological advancements, such as the launch of digital wealth management systems that offer the latest integrated tools and data-driven analytics to financial firms, are positively influencing the market growth.
Besides this, the widespread integration of artificial intelligence (AI) to monitor expenditures effectively, identify investment preferences, and provide personalized and curated recommendations to clients has catalyzed market growth. Other factors, including stringent government policies, increasing adoption of automation, surging penetration of cloud-based solutions, and rising consumer disposable incomes, are also anticipated to drive the market further.
Wealth Management Platform Market Report Scope
Report Coverage
Details
Market size value in 2021
US$ 3.8 Billion
Market forecast in 2027
US$ 8.25 Billion
Growth Rate
CAGR of 13.10% from 2022 to 2027
Base year for estimation
2021
Historical data
2016-2021
Forecast period
2022-2027
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered
Test Type, Product, Application and End User
Regional scope
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiled
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.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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.
How Many Wealth Management Companies Are There?
Avaloq (NEC Corporation)
Backbase
Broadridge Financial Solutions Inc. BR
Comarch SA CMR
Crealogix AG CLXN
Fidelity National Information Services Inc. FIS
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
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:
Breakup by Deployment Mode:
Breakup by Business Function:
Breakup by Enterprise Size:
Breakup by End Use Industry:
Breakup by Region:
Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/wealth-management-platform-market
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
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.
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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.
IMARC’s 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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Company Name: IMARC Group
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