Rising innovations in the financial technology and adoption of blockchain and AI in the wealth management platform market is expected to create lucrative growth opportunities for new as well as existing players to gain competitive edge.The Wealth Management Platform market accounted for US$ 5.5 billion in 2024 and is estimated to be US$ 23.1 billion by 2034 and is anticipated to register a CAGR of 15.40% This is attributed to increasing digitalization and process automation optimizes wealth management practice, coupled with rising ratio of the HNWIs (High-net-worth individual) across the globe.

The report "Wealth Management Platform Market, by Advisory Model (Human Advisory, Robo Advisory, and Hybrid), by Business Function (Financial Advice Management, Portfolio, Accounting, and Trading Management, Performance Management, Risk and Compliance Management, Reporting, and Others (Billing and Benchmarking)), by Deployment Model (Cloud and On-Premises), by End-User Industry (Banks, Investment Management Firms, Trading and Exchange Firms, Brokerage Firms, and Others (Asset Management Firms and Custody and Compliance Providers)), and Region - Forecast to 2034" 

Key Highlights:

• In October 2018, SS&C Technologies, Inc. completed the acquisition of Eze Software Group LLC, a global provider of investment management solutions.
• In February 2017, Fiserv, Inc. brought innovative, new digital investment advice solutions to its wealth management network in partnership with Marstone.

Key Market Insights from the report:          

The Wealth Management Platform market accounted for US$ 5.5 billion in 2024 and is estimated to be US$ 23.1 billion by 2034 and is anticipated to register a CAGR of 15.40% The market report has been segmented on the basis of advisory model, business function, deployment model, end-user industry, and region.

• By advisory model, the robo advisory segment accounted for major revenue share in 2023, owing to increasing competition, evolving client’s requirements, and cost efficiency.
• By business function, the portfolio, accounting, and trading management holds for major revenue share in 2023. This is due to increasing demand for portfolio management, decision support, and trading across globe.
• By deployment model, the cloud holds for major revenue share in 2023. This is attributed to increasing adoption of cloud solution due to its advantages such as agility, reduced operational costs, scalability, easy access to data, flexible payment options, and self-service capabilities.
• By end-user, the asset management firms is segment accounted for major revenue share in 2023, attributed to asset management firms manage funds for individuals and companies as well as asset management firms make actual time investment decisions on behalf of their clients to grow their finances and portfolio.
• By region, North America wealth management platform market accounted for major revenue share of the wealth management platform market and is further anticipated to maintain its dominance over the forecast period, owing to increasing adoption of new and emerging technologies, coupled with expanding data. Asia Pacific wealth management platform market accounted for significant market share, in 2023.

Browse 60 market data tables* and 35  figures* through 140 slides and in-depth TOC on "Wealth Management Platform Market”, by Advisory Model (Human Advisory, Robo Advisory, and Hybrid), by Business Function (Financial Advice Management, Portfolio, Accounting, and Trading Management, Performance Management, Risk and Compliance Management, Reporting, and Others (Billing and Benchmarking)), by Deployment Model (Cloud and On-Premises), by End-User Industry (Banks, Investment Management Firms, Trading and Exchange Firms, Brokerage Firms, and Others (Asset Management Firms and Custody and Compliance Providers)), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa)- forecast till 2034

The prominent player operating in the wealth management platform market includes SS&C Technologies, Inc., Fiserv, Inc., Fidelity National Information Services, Inc., Profile Software Ltd, Broadridge Financial Solutions, Inc., InvestEdge, Inc, Temenos Group AG, SEI Investments Co.,  Comarch Inc., ObjectWay S.p.A., and Dorsum Ltd.

About Prophecy Market Insights

Prophecy Market Insights is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.

To know more

Contact Us:

Sales

Prophecy Market Insights

 U.S.  1 860 531 2574

RoW: 917775049802

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com