Global Wealth Management Platform Market size was valued US$ XX Bn. in 2019 and the total revenue is expected to grow at XX% through 2020 to 2027, reaching nearly US$ 5.3Bn.
Global Wealth Management Platform Market
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Wealth Management is an investment and financial advisory service for the high net worth individual’s also small business owners. Wealth management platform offers portfolio, accounting, reporting, financial advice and trading management, fund management, performance management, risk & compliance management and client management.
The report covers all the trends and technologies playing a major role in the growth of the wealth management platform market over the forecast period. The trend in the market for wealth management platform shows that clients prefer hybrid advisory models over human advisory models. A combination of human advisory model and Robo-advisory model algorithm offers more accurate and faster results with the touch of human expertise, which is expected to drive the market growth of wealth management platform in future. Another major trend is the applications of cognitive computing and AI and machine learning, which tend to lower the operating cost for the clients and develop data-driven insights. On the other hand, the higher dependency of people on the traditional methods is major factors expected to restraint growth of the global wealth management platform market.
North America wealth management platform market was valued at US$ XX.41 million in 2019 and is expected to reach a value of US$ XX.23 million by 2027, with a CAGR of XX% during the forecast period. The USA was the first region to introduce automated financial advisors. The wealth management firms and banks in the United State adopted Robo-advisory services to provide more effective, comprehensive, and efficient services to their consumers. The primary factor that contributed to the early adoption of this technology in the region is the emergent affordability as well as accessibility with increasing internet penetration and low financial assistance fee. Likewise, Asia-Pacific is also witnessing an increase in the number of asset under management (AUM) and Robo-advisory users.
Opportunities in the U.K.:
Value establishment opportunities remain significant for both existing and new participants in the United Kingdom wealth management industry. The industry remains in a national of flux and business models continue to evolve, but businesses still lack embedded technology and agility. Consumers are often exposed to a ‘one size fits all’ approach that is neither desired by the client nor optimal for the supplier. The full power of technology to harmonies business processes is also still to be realized. These represent as much a prospect as a threat to current market participants.
The report will provide an accurate prediction of the contribution of the various segments to the growth of the wealth management platform market size. By deployment model, the cloud segment was valued at US$ XX.12 Mn. in 2019 and is expected to reach US$ XX.38 Mn. by 2027 at a CAGR of XX% during the forecast period. This is attributed to the growing adoption of cloud solution thanks to its benefits such as reduced operational costs, scalability, self-service capabilities, and easy access to data, flexible payment options, and agility.
Mergers and Acquisitions:
The research study includes the profiles of leading companies operating in the global wealth management platform market. In Oct 2018, SS&C Technologies Company completed the acquisition of Eze Software Group LLC, a global provider of investment management solutions.
In 2019, StratiFi Technologies, a U.S. based company integrates SS and C Technologies’s Black Diamond Wealth Platform to upsurge risk analysis and compliance capabilities for registered investment advisor (RIA) enterprises.
The objective of the report is to present a comprehensive analysis of the Global Wealth Management Platform Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Wealth Management Platform Marketdynamics, structure by analyzing the market segments and projects the Global Wealth Management Platform Marketsize. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Wealth Management Platform Market make the report investor’s guide.
Scope of the Global Wealth Management Platform Market
Global Wealth Management Platform Market, By Advisory Model
• Human advisory
• Robo advisory
Global Wealth Management Platform Market, By Business Function
• Financial advice management
• Portfolio, accounting, and trading management
• Performance management
• Risk and compliance management
• Others (billing and benchmarking)
Global Wealth Management Platform Market, By Deployment Model
Global Wealth Management Platform Market, By End User
• Investment management firms
• Trading and exchange firms
• Brokerage firms
Global Wealth Management Platform Market, By Region
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Key players operating in the Global Wealth Management Platform Market
• Profile Software
• SEI Investments Company
• Fidelity National Information Services, Inc.
• Temenos Headquarters SA
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