Global Wealth Management Platform Market Report and Forecast 2022-2027
Global Wealth Management Platform Market Report and Forecast 2022-2027
Abstract
Global Wealth Management Platform Market Report and Forecast 2022-2027
Market Outlook
According to Expert Market Report’s latest report, ‘Global Wealth Management Platform Market Report and Forecast 2022-2027’, the global wealth management platform market attained a value of nearly USD 4,778.7 million in 2021. Aided by the rising shift toward digital investment management solutions, the market is projected to grow at a CAGR of 13.9% between 2022 and 2027 to reach a value of USD 10,268.9 million by 2027.
A wealth management platform is a software that is used to plan, monitor, evaluate, and regulate financial and specialised financial services. This platform provides investment management, personal retail banking, tax planning, portfolio management, billing services, accounting and trading, financial advice management, and a variety of other services. It also aids in process automation, improvement of investment decisions, elimination of errors, and the reduction of risk. The financial investment firms are expected to adopt a wealth management platform due to its capability to provide a modern and comprehensive front-to-back multi-asset portfolio management solution which will help them to reduce back-office costs, improve systematic transfer plans (STP), and client service. The wealth management platform aids the trust of banks clients' since they believe their investments are safe, resulting in more robust interaction and increased investment willingness. A growing trend among high-net-worth individuals (HNWIs) toward digital investment management solutions is expected to fuel industry growth. High-net-worth individuals (HNWIs) want more control and transparency in their wealth management solutions.
Another factor influencing market demand is the increasing digitalisation of investment and banking firms. The rising disposable income of individuals across the globe is constantly increasing global high-net-worth individuals. Also, rising awareness for long-term financial planning opportunities and benefits, high in a statement from working-class populations among regions, has increased. The growing number of small and medium-sized enterprises (SMEs) in emerging economies is expected to open up new opportunities for wealth management software providers. Technological advancements in the fields of blockchain and artificial intelligence (AI) are expected to drive market expansion over the forecast period. With AI and blockchain technologies, customers can avoid seeing a financial counsellor on a regular basis. Various other factors, such as improved customer service and lower operational costs, are likely to drive market growth.
Market Segmentation
The market report by Expert Market Research analyses the market based on segmentations such as deployment type, end-use, and major regions.
Market Breakup by Deployment Type
•On-Premises
•Cloud
Market Breakup by End-Use
•Banks
•Trading Firms
•Brokerage Firms
•Investment Management Firms
•Others
Market Breakup by Region
•North America
•Europe
•Asia Pacific
•Latin America
•Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the Expert Market Research report are:
•Avaloq Group AG
•Temenos AG
•Fidelity National Information Services, Inc.
•Prometeia S.p.A
•Backbase B.V
•Others
Content
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Wealth Management Platform Market Analysis
8.1 Key Industry Highlights
8.2 Global Wealth Management Platform Historical Market (2017-2021)
8.3 Global Wealth Management Platform Market Forecast (2022-2027)
8.4 Global Wealth Management Platform Market by Deployment Type
8.4.1 On-Premises
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Cloud
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Wealth Management Platform Market by End Use
8.5.1 Banks
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Trading Firms
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Brokerage Firms
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Investment Management Firms
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Others
8.6 Global Wealth Management Platform Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Avaloq Group AG
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Temenos AG
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Fidelity National Information Services, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Prometeia S.p.A
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Backbase B.V
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Wealth Management Platform Market: Key Industry Highlights, 2017 and 2027
2. Global Wealth Management Platform Historical Market: Breakup by Deployment Type (USD Million), 2017-2021
3. Global Wealth Management Platform Market Forecast: Breakup by Deployment Type (USD Million), 2022-2027
4. Global Wealth Management Platform Historical Market: Breakup by End Use (USD Million), 2017-2021
5. Global Wealth Management Platform Market Forecast: Breakup by End Use (USD Million), 2022-2027
6. Global Wealth Management Platform Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global Wealth Management Platform Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Wealth Management Platform Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Wealth Management Platform Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Wealth Management Platform Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Wealth Management Platform Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Wealth Management Platform Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Wealth Management Platform Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Wealth Management Platform Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Wealth Management Platform Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Wealth Management Platform Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Wealth Management Platform Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Global Wealth Management Platform Market Structure
Global Wealth Management Platform Market Report and Forecast 2022-2027
Market Outlook
According to Expert Market Report’s latest report, ‘Global Wealth Management Platform Market Report and Forecast 2022-2027’, the global wealth management platform market attained a value of nearly USD 4,778.7 million in 2021. Aided by the rising shift toward digital investment management solutions, the market is projected to grow at a CAGR of 13.9% between 2022 and 2027 to reach a value of USD 10,268.9 million by 2027.
A wealth management platform is a software that is used to plan, monitor, evaluate, and regulate financial and specialised financial services. This platform provides investment management, personal retail banking, tax planning, portfolio management, billing services, accounting and trading, financial advice management, and a variety of other services. It also aids in process automation, improvement of investment decisions, elimination of errors, and the reduction of risk. The financial investment firms are expected to adopt a wealth management platform due to its capability to provide a modern and comprehensive front-to-back multi-asset portfolio management solution which will help them to reduce back-office costs, improve systematic transfer plans (STP), and client service. The wealth management platform aids the trust of banks clients' since they believe their investments are safe, resulting in more robust interaction and increased investment willingness. A growing trend among high-net-worth individuals (HNWIs) toward digital investment management solutions is expected to fuel industry growth. High-net-worth individuals (HNWIs) want more control and transparency in their wealth management solutions.
Another factor influencing market demand is the increasing digitalisation of investment and banking firms. The rising disposable income of individuals across the globe is constantly increasing global high-net-worth individuals. Also, rising awareness for long-term financial planning opportunities and benefits, high in a statement from working-class populations among regions, has increased. The growing number of small and medium-sized enterprises (SMEs) in emerging economies is expected to open up new opportunities for wealth management software providers. Technological advancements in the fields of blockchain and artificial intelligence (AI) are expected to drive market expansion over the forecast period. With AI and blockchain technologies, customers can avoid seeing a financial counsellor on a regular basis. Various other factors, such as improved customer service and lower operational costs, are likely to drive market growth.
Market Segmentation
The market report by Expert Market Research analyses the market based on segmentations such as deployment type, end-use, and major regions.
Market Breakup by Deployment Type
•On-Premises
•Cloud
Market Breakup by End-Use
•Banks
•Trading Firms
•Brokerage Firms
•Investment Management Firms
•Others
Market Breakup by Region
•North America
•Europe
•Asia Pacific
•Latin America
•Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the Expert Market Research report are:
•Avaloq Group AG
•Temenos AG
•Fidelity National Information Services, Inc.
•Prometeia S.p.A
•Backbase B.V
•Others
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Wealth Management Platform Market Analysis
8.1 Key Industry Highlights
8.2 Global Wealth Management Platform Historical Market (2017-2021)
8.3 Global Wealth Management Platform Market Forecast (2022-2027)
8.4 Global Wealth Management Platform Market by Deployment Type
8.4.1 On-Premises
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Cloud
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Wealth Management Platform Market by End Use
8.5.1 Banks
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Trading Firms
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Brokerage Firms
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Investment Management Firms
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Others
8.6 Global Wealth Management Platform Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Avaloq Group AG
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Temenos AG
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Fidelity National Information Services, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Prometeia S.p.A
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Backbase B.V
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Wealth Management Platform Market: Key Industry Highlights, 2017 and 2027
2. Global Wealth Management Platform Historical Market: Breakup by Deployment Type (USD Million), 2017-2021
3. Global Wealth Management Platform Market Forecast: Breakup by Deployment Type (USD Million), 2022-2027
4. Global Wealth Management Platform Historical Market: Breakup by End Use (USD Million), 2017-2021
5. Global Wealth Management Platform Market Forecast: Breakup by End Use (USD Million), 2022-2027
6. Global Wealth Management Platform Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global Wealth Management Platform Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Wealth Management Platform Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Wealth Management Platform Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Wealth Management Platform Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Wealth Management Platform Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Wealth Management Platform Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Wealth Management Platform Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Wealth Management Platform Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Wealth Management Platform Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Wealth Management Platform Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Wealth Management Platform Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Global Wealth Management Platform Market Structure
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