Wealth Management Platform Market 2019 Global Size, Share, Comprehensive Research Study, Key Players, Development Status, Opportunities and Regional Forecast 2023

Market Research Future published a research report on “Wealth Management Platform Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Pune, India - May 8, 2019 /MarketersMedia/ —

Market Scenario:

The global wealth management is presumed to garner USD 4 billion during the assessment period (2018-2023). The market is considered to register 15 % CAGR owing to the emerging digitalization, asserts Market Research Future (MRFR). Wealth management refers to the financial and investment advisory service for small business owners and high net worth individuals. Wealth management platform offers portfolio, financial advice management, client management, accounting and trading management, performance management, fund management, reporting, and risk and compliance management.

Drivers and Constraints Impacting the Market:

With emerging digitalization, rise in high net worth individuals, and adoption of automation process by the enterprises, the global market for wealth management platform is considered to stimulate during the review period. Strict industry regulations have resulted in the increased protection and security of the client’s data which enables enterprises maintain customer relations. Such factors are presumed to augment the market growth. Wealth Management Platform Market has been witnessing rapid change towards the lower cost models which offer high-tech solutions like robo-advisors without the intervention of human advisors. These models also offer solutions to mainly mass affluent at lower cost than the traditional wealth managers. This is anticipated to fuel the global market.

On the flip side, higher dependency on the traditional methods is likely to impede the market growth. Moreover, inadequate technical expertise among the professionals and lack of awareness of wealth management solutions are considered to retard the market growth in the coming years.

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Key Players

The prominent players in the wealth management platform are SS&C Technologies (US), Broadridge Financial Solutions (US), Comarch (Poland), Temenos (Switzerland), Objectway (Italy), SEI Investment Company (US), Dorsum Investment Software (Hungary), Fiserv Inc. (US), Profile Software (UK), Fidelity National Information Services Inc. (US), Invest Edge (US), Finantix (Italy).

Segmentation.

• Wealth management platform market study aims at different segments such as advisory model, business function, end-user, deployment model, regions, and estimating market growth across these segments.
• By advisory model, the market is segmented into robo-advisory, human advisory, and hybrid advisory.
• By business functions, the market is segmented into financial advice management, portfolio, accounting, trading management, client and fund management, performance management, risk and compliance management, reporting, and others (billing and benchmarking)
• By deployment model, the market is segmented into on-cloud, and on-premise.
• By end-user, the market is segmented into banks, trading & exchange firms, investment firms, brokerage firms, asset management firms, and others.
• By region, the market is segmented into North America, Europe, Asia-Pacific, the rest of the world.

Regional Analysis

The global market for wealth management platform is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of wealth management platform market is studied for North America, Europe, Asia-Pacific, and the the rest of the world.

According to the world wealth report, published by Capgimini in Nov, 2017, there is an increase in global HNWI( High Net worth Indivdual) population and wealth which shows the growing opportunities in this market. Asia-Pacific is expected to be the fastest growing region in this market as there is growth in number of high net worth individuals and wealth at a rate of 12.1% and 14.8% respectively in 2017. Europe’s high net worth individual population and wealth grew by 7.3% and 7.8% respectively which ranks it third after North America which rank second due to its high net worth indivdual population and wealth which grew by 9.9% and 10.3% respectively. North America is expected to dominate the wealth management platform market as there is emergence of new technologies such as robo-advisory models and exist large number of key players in this region.

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Intended Audience

• Wealth Management Platform manufacturer
• Wealth management platform distributors, traders, wholesalers.
• Independent Software Vendors (ISVs)
• Enterprises
• End-Users

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com

Source URL: https://marketersmedia.com/wealth-management-platform-market-2019-global-size-share-comprehensive-research-study-key-players-development-status-opportunities-and-regional-forecast-2023/510216

Source: MarketersMedia

Release ID: 510216