Market Overview:
The global wealth management platform market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based platforms and the rising need for automation and digitization among financial institutions. On-cloud platforms are expected to witness higher growth rates as compared to on-premise platforms, owing to their advantages such as low cost of ownership, scalability, and ease of use. Among applications, banks are expected to account for the largest share of the global wealth management platform market in 2018. This is due to the increasing demand for automated solutions among banks worldwide in order to improve their operational efficiency and customer experience.
Product Definition:
Wealth Management Platform is a software that allows users to manage their financial assets online. It typically provides features such as account tracking, investment management, and tax reporting. Wealth Management Platforms can be used by individuals, families, or businesses.
On-Cloud:
On-Cloud is a term used to define solutions that are hosted remotely on the cloud. The shift of financial institutions from traditional on-premise deployment to cloud computing has been one of the major trends in wealth management platform market over the past few years. This transition has enabled banks and other financial institutions to focus more on their core banking activities rather than managing an additional IT infrastructure, which helps them reduce operational costs and improve efficiency across various processes.
On-Premise:
On-premise software is a type of software that is installed and used directly without any third-party involvement. The on-premise software solutions are developed by the companies/developers and hence, they have complete control over the system. These solutions can be used for personal or commercial purposes depending upon the user’s requirements.
Application Insights:
The banks segment dominated the global wealth management platform market in 2017. The segment is expected to retain its dominance over the forecast period owing to factors such as increasing demand for technologically advanced solutions, growing concerns regarding data security and compliance issues. Furthermore, an increase in demand for efficient services that offer a real-time view of financials is also expected to drive growth over the next seven years.
The trading & exchange firms application segment accounted for a significant share of revenue in 2017 and is projected to grow at a steady CAGR from 2018 to 2030 due largely on-going developments within this sector with respect to digitization & automation initiatives coupled with regulatory support aimed at streamlining business operations across various geographies globally. In addition, technological advancements coupled with new product launches are further anticipated fuel industry growth during this period.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its lead over the forecast period owing to increasing adoption of cloud-based GWMPs by banks and wealth management firms. Furthermore, growing regulatory pressure on traditional on-premise systems has led many financial institutions in this region to migrate their operations to cloud-based platforms. This trend is projected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth during the forecast years due rising adoption of GWMPs by investment advisors and wealth managers operating out of India, China, Singapore, Australia.
Growth Factors:
- Increasing demand for Wealth Management Platform from the retail segment
- Rising awareness about the benefits of Wealth Management Platform among investors
- Proliferation of digital technologies and their increasing adoption by wealth managers
- Growing focus on automation and digitization in the wealth management sector
- Emergence of new players in the Wealth Management Platform market
Scope Of The Report
Report Attributes
Report Details
Report Title
Wealth Management Platform Market Research Report
By Type
On-Cloud, On-Premise
By Application
Banks, Trading & Exchange Firms, Investment Firms, Brokerage Firms, Asset Management Firms, Others
By Companies
SS&C Technologies Holdings, Fiserv, FIS, Broadridge, Temenos, Comarch, Noah Holdings Ltd, SEI Investments Company, Addepar, Refinitiv, Profile Software, InvestEdge, Finantix, SunGard, Objectway, Dorsum, Avaloq, RobustWealth (Principal Innovations), HSBC China, Miles Software (ItzCash Card), InformaIS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Wealth Management Platform Market Report Segments:
The global Wealth Management Platform market is segmented on the basis of:
Types
On-Cloud, On-Premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banks, Trading & Exchange Firms, Investment Firms, Brokerage Firms, Asset Management Firms, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SS&C Technologies Holdings
- Fiserv
- FIS
- Broadridge
- Temenos
- Comarch
- Noah Holdings Ltd
- SEI Investments Company
- Addepar
- Refinitiv
- Profile Software
- InvestEdge
- Finantix
- SunGard
- Objectway
- Dorsum
- Avaloq
- RobustWealth (Principal Innovations)
- HSBC China
- Miles Software (ItzCash Card)
- InformaIS
Highlights of The Wealth Management Platform Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-Cloud
- On-Premise
- By Application:
- Banks
- Trading & Exchange Firms
- Investment Firms
- Brokerage Firms
- Asset Management Firms
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wealth Management Platform Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Wealth Management Platform is a software application that helps individuals and businesses manage their wealth. Wealth management platforms can include features to help investors track their portfolios, make financial decisions, and access advice from professionals.
Some of the major companies in the wealth management platform market are SS&C Technologies Holdings, Fiserv, FIS, Broadridge, Temenos, Comarch, Noah Holdings Ltd, SEI Investments Company, Addepar, Refinitiv, Profile Software, InvestEdge, Finantix, SunGard, Objectway, Dorsum, Avaloq, RobustWealth (Principal Innovations), HSBC China, Miles Software (ItzCash Card), InformaIS.
The wealth management platform market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wealth Management Platform Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wealth Management Platform Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wealth Management Platform Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wealth Management Platform Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wealth Management Platform Market Size & Forecast, 2018-2028
4.5.1 Wealth Management Platform Market Size and Y-o-Y Growth
4.5.2 Wealth Management Platform Market Absolute $ Opportunity
Chapter 5 Global Wealth Management Platform Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Wealth Management Platform Market Size Forecast by Type
5.2.1 On-Cloud
5.2.2 On-Premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wealth Management Platform Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Wealth Management Platform Market Size Forecast by Applications
6.2.1 Banks
6.2.2 Trading & Exchange Firms
6.2.3 Investment Firms
6.2.4 Brokerage Firms
6.2.5 Asset Management Firms
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wealth Management Platform Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wealth Management Platform Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Wealth Management Platform Analysis and Forecast
9.1 Introduction
9.2 North America Wealth Management Platform Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Wealth Management Platform Market Size Forecast by Type
9.6.1 On-Cloud
9.6.2 On-Premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Wealth Management Platform Market Size Forecast by Applications
9.10.1 Banks
9.10.2 Trading & Exchange Firms
9.10.3 Investment Firms
9.10.4 Brokerage Firms
9.10.5 Asset Management Firms
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Wealth Management Platform Analysis and Forecast
10.1 Introduction
10.2 Europe Wealth Management Platform Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Wealth Management Platform Market Size Forecast by Type
10.6.1 On-Cloud
10.6.2 On-Premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Wealth Management Platform Market Size Forecast by Applications
10.10.1 Banks
10.10.2 Trading & Exchange Firms
10.10.3 Investment Firms
10.10.4 Brokerage Firms
10.10.5 Asset Management Firms
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Wealth Management Platform Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wealth Management Platform Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Wealth Management Platform Market Size Forecast by Type
11.6.1 On-Cloud
11.6.2 On-Premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Wealth Management Platform Market Size Forecast by Applications
11.10.1 Banks
11.10.2 Trading & Exchange Firms
11.10.3 Investment Firms
11.10.4 Brokerage Firms
11.10.5 Asset Management Firms
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Wealth Management Platform Analysis and Forecast
12.1 Introduction
12.2 Latin America Wealth Management Platform Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Wealth Management Platform Market Size Forecast by Type
12.6.1 On-Cloud
12.6.2 On-Premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Wealth Management Platform Market Size Forecast by Applications
12.10.1 Banks
12.10.2 Trading & Exchange Firms
12.10.3 Investment Firms
12.10.4 Brokerage Firms
12.10.5 Asset Management Firms
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Wealth Management Platform Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wealth Management Platform Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Wealth Management Platform Market Size Forecast by Type
13.6.1 On-Cloud
13.6.2 On-Premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Wealth Management Platform Market Size Forecast by Applications
13.10.1 Banks
13.10.2 Trading & Exchange Firms
13.10.3 Investment Firms
13.10.4 Brokerage Firms
13.10.5 Asset Management Firms
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wealth Management Platform Market: Competitive Dashboard
14.2 Global Wealth Management Platform Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SS&C Technologies Holdings
14.3.2 Fiserv
14.3.3 FIS
14.3.4 Broadridge
14.3.5 Temenos
14.3.6 Comarch
14.3.7 Noah Holdings Ltd
14.3.8 SEI Investments Company
14.3.9 Addepar
14.3.10 Refinitiv
14.3.11 Profile Software
14.3.12 InvestEdge
14.3.13 Finantix
14.3.14 SunGard
14.3.15 Objectway
14.3.16 Dorsum
14.3.17 Avaloq
14.3.18 RobustWealth (Principal Innovations)
14.3.19 HSBC China
14.3.20 Miles Software (ItzCash Card)
14.3.21 InformaIS
