Wealth Management Platform Market Size to Surpass USD 6.29 Billion by 2029, exhibiting a CAGR of 13.2%
Fortune Business Insights
4 min read
As per the report by Fortune Business Insights, the global Wealth Management Platform Market size is projected to reach USD 6.29 Billion by 2029, at a CAGR of 13.2% during the forecast period.
Wealth Management Platform Market
Wealth Management Platform Market 2023
Pune,India, Aug. 28, 2023 (GLOBE NEWSWIRE) -- Global Wealth Management Platform Market size was valued at USD 2.37 billion in 2021 and is projected to reach USD 6.29 billion by 2029, exhibiting a CAGR of 13.2% during the forecast period. Fortune Business Insights™ shares this information in its report titled, “Wealth Management Platform Market Forecast, 2023-2029.”
According to our analysts, during the mentioned period, the market is anticipated to make significant development owing to the surging desire to mechanize the wealth management procedure.
Prometeia, an Italian wealth-tech management company has declared the unveiling of a Zurich office, which will operate as a functional headquarters for the Swiss market. For self-service users, Prometeia's digital wealth management platform presents HNWI-fixated advice models.
Key Takeaways-
Wealth Management Platform Market is expected to flourish & reach USD 6.29 Billion in 2029
The wealth management platform enhances the confidence of bank clients, resulting in stronger engagement and increased willingness to invest.
Lack of awareness and trust to dampen growth in the wealth Management platform market.
The SMEs Segment in expected to dominate the global Wealth Management Platform Market during the forecast period, 2022-2029
Wealth Management Platform Market Size in North America was USD 839.3 Million 2021
Discover the Leading Players Featured in the Report:
SS & C Technologies, Inc. (U.S), Fiserv Inc. (U.S.), FIS (U.S.), Profile Software (Europe), Broadridge Financial Solutions, Inc. (U.S.), InvestEdge, Inc. (U.S.), Temenos Headquarters SA (Europe), InvestCloud (U.S.), SEI Investments Company (U.S.), Comarch SA (Europe), Dorsum Limited (Europe), Avaloq Group AG (Europe)
Report Scope & Segmentation-
Report Coverage
Details
Forecast Period
2022 to 2029
Forecast Period 2022 to 2029 CAGR
13.2%
2029 Value Projection
USD 6.29 Billion
Base Year
2021
Wealth Management Platform Market Size in 2021
USD 2.37 Billion
Historical Data for
2018 to 2020
No. of Pages
140
Segments covered
Deployment, Enterprise, End-User,
Wealth Management Platform Market Growth Drivers
Increased Digitization and High Adoption of Automation to Propel Market Growth
Lack of Awareness and Trust to Hamper Growth of Market
Improved Digitization and Great Adoption of Automation to Thrust Market Growth
The market is perceiving the agreement of digitalization and course automation that are in compliant with company rules, encouraging favorable benefits to the market. Several firms across the world are working on quickening digitalization, refining operational efficiency, and enhancing clientele connections. Consequently, the implementation of commercial advisory and management solutions in numerous end-use industries is probable to fast-track. Establishments may utilize wealth management tools to maintain track of dealings and administer their assets in a better way.
Segmentation-
By Deployment
Cloud
On-premise
By Enterprise Size
Large Enterprise
SMEs
By End-user
Banks
Trading Firms
Investment and Management Firms
Brokerage Firms
Others (Asset Management Firms, and Others)
Regional Insights-
North America to Lead Stoked by Increasing Prominence of Service in Region
North America holds the largest wealth management platform market share and is projected to sustain its governance over forecast period. Wealth management services are turning to be extensively crucial in North America in order to appeal and retain successful retail users.
Asia Pacific is estimated to be the quickest-increasing market during the forecast period. The region is predicted to present better prospects for economic consultants due to the surging utilization of digital platforms.
Europe is estimated to hold crucial market share in impending years. Europe's great net worth individual population and wealth have augmented promptly.
Groundbreaking Product Launches by Significant Players to Support Market Growth
The fundamental companies operating in the industry are often seen embracing numerous stratagems to foster their position in the market as dominating corporations. Among the abundant tactics available, companies are actively using strategies such as purchasing other firms to encourage the brand value among users. Another indispensable strategy is periodically launching pioneering products with a comprehensive review of the market and its users.
FAQs
How big is the Wealth Management Platform Market?
The Wealth Management Platform Market size was USD 2.37 billion in 2021. It is expected to reach USD 6.29 billion by 2029.
How fast is the Wealth Management Platform Market growing?
The Wealth Management Platform Market will exhibit a CAGR of 13.2% during the forecast period, 2022-2029.
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
