Global Wealth Management Market By Overview
Introduction:
The wealth management are divided in to structured investment products, also known as SIPs, traditional investment products (mutual funds, equities, banking accounts), real estate/retirement planning and personal wealth planning. Wealth management is an advisory service offered by banks and financial institutions that help wealthy individuals manage their money and assets The wealth management market includes software designed to plan and monitor financial and specialized financial services such as legal and tax advice, personal retail banking services, estate planning and investment management services - users These platforms are widely used by trusts and small investment firms for investment portfolio tracking and research, as well as by clients or end users to track their investment portfolios and research new investments. Moreover, an advanced version of these platforms provides controlling, monitoring, and analyzing functionalities, and enables efficient advisory networks with robust customer engagement services while adhering to regulatory compliance. Some of the wealth management platforms are directly integrated within banking. Wealth management market is increases because growing population of retirees, rising high-net-worth assets, growing demand for alternative investments, increased investment by individual investors and increasing internet penetration. Global Wealth Management Market size accounted for US$ 2.90 billion in 2020 and is estimated to be US$ 6.81 billion by 2030 and is anticipated to register a CAGR of 11.50%
Global Wealth Management Market By Dynamics
Rising disposable income
Digitalization has proliferated awareness for the cashless economy which in turn has increased optimization of process automation of wealth management practices. This is a key factor expected to drive the growth of the global wealth management market. The rising disposable income of individuals across the globe is constantly increasing the global high-net-worth of individuals. Also, rising awareness for long-term financial planning opportunities and benefits, coupled with growth in a statement from working-class populations among regions has increased. Therefore, advisors or financial investment institutions are expected to adopt wealth management platforms due to their ability to provide a modern and comprehensive front-to-back multi-asset portfolio management solution. However, the major challenging factor that could hamper the growth of the global wealth management platform market is a dearth of technical expertise among enterprise professionals to manage wealth management solutions.
Technological advancement
The use of new technologies such as chatbots, IoT, AI and big data analytics have fueled the expansion of the wealth management market. Moreover, as the world becomes more digital, wealth management firms are gearing up to invest more heavily in customer engagement by offering digital and voice-enabled assistants. Moreover, wealth management firms use software tools that facilitate online chat conversations, as they offer a more personalized and user-friendly experience than mobile apps. Chatbots can answer questions, monitor transactions, place orders and conduct screening activities remotely thanks to their natural language processing and machine learning capabilities. Technology implementation and investment allows wealth managers to stay competitive, gain a deeper understanding of the goods and services they offer, and increase operational efficiency in both the front and back offices.
Global Wealth Management Market By Segmentation
Source: Prophecy Market Insights
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Based on advisory, the global wealth management market is segmented into the model hybrid, Robo hybrid, and human advisory. Based on deployment, the target market is segmented into the cloud and on-premises. Based on enterprise sizes, the global wealth management market is segmented into a large enterprise, small enterprise, and medium enterprise. Based on business function, the target market is segmented into reporting, performance management, financial advice management, risk and compliance management, portfolio, accounting and trading management, and others. Based on the end-use industry, the global market is segmented into banks, brokerage firms, investment management firms trading and exchange firms and others.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Global Wealth Management Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America led the market in terms of revenue and is expected to maintain its dominance over the forecast period. The region has several high net worth individuals and all these individuals have been actively subscribing to advanced financial advisory services. Additionally, an increasing number of Small and Medium-sized enterprises in the region are further expected to drive the demand of the target market. The wealth management market in the Asia Pacific is expected to witness growth over the forecast period. This growth can be attributed to the rising number of HNW individuals in the Asia Pacific.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 to 2030 |
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Market Segmentation |
By Advisory - Model Hybrid, Robo Advisory, and Human Advisory By Deployment - Cloud and On-Premises By Enterprise Size - Large Enterprises, Small, and Medium Enterprises By Business Function - Reporting, Performance Management, Financial Advice Management, Risk and Compliance Management, Portfolio, Accounting, and Trading Management, and Others By End-Use Industry - Banks, Brokerage Firms, Investment Management Firms Trading and Exchange Firms, and Others
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Wealth Management Market report based on Advisory, Deployment, Enterprises, Business Function, End user and Region:
Global Wealth Management Market, By Advisory:
- Model Hybrid
- Robo Advisory
- Human Advisory
Global Wealth Management Market, By Deployment:
- Cloud
- On-premises
Global Wealth Management Market, By Enterprises:
- Large Enterprises
- Small
- Medium Enterprises
Global Wealth Management Market, By Business Function:
- Reporting
- Performance Management
- Financial Advice Management
- Risk and Compliance Management
- Portfolio, Accounting and Trading Management
- Others
Global Wealth Management Market, By End-Use Industry:
- Banks
- Brokerage Firms
- Investment Management Firms
- Trading and Exchange Firms
- Others
Global Wealth Management Market, By Region:
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-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
-
Global Wealth Management Market By Key Players
The key players in the global wealth management market involve Comarch SA, Dorsum Ltd., Fidelity National Information Services, Inc., Finantix S.p.A, Fiserv, Inc., Objectway S.p.A., Profile Software, SEI Investments Company, SS&C Technologies Holdings, Inc., and Temenos Headquarters SA. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.
In May 2022, Temenos launches sustainable investing solution for banks and wealth managers, Temenos ESG investment services will help banks create investment products and enhanced digital experiences to help investors make meaningful investments and build portfolios around their values. ESG investing, also known as sustainable, social responsibility or impact investing
Global Wealth Management Market By Company Profile
- Commarch SA *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Dorsum Ltd.
- Fidelity National Information Services, Inc.
- Finantix S.p.A
- Fiserv, Inc.
- Objectway S.p.A
- Profile Software
- SEI Investments Company
- SS&C TECHNOLOGIES HOLDINGS, INC.
- Temenos Headquarters SA
“*” marked represents similar segmentation in other categories in the respective section
Global Wealth Management Market By Table of Contents
Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Wealth Management Strategies
- Key Questions this Study will Answer
- Market Snippet, By Advisory
- Market Snippet, By Deployment
- Market Snippet, By Enterprise size
- Market Snippet, By Business Function
- Market Snippet, By End-Use Industry
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Wealth Management Market, By Advisory, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Model Hybrid
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Robo Advisory
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Human Advisory
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Wealth Management Market, By Deployment, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Cloud
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- On-Premises
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Wealth Management Market, By Enterprise Size, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Large enterprises
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Small Enterprises
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Medium Enterprises
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Wealth Management Market, By Business Function, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Reporting
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Performance Management
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Financial Advice Management
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Risk and Compliance Management
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Portfolio, Accounting and Trading Management
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Wealth Management Market, By End-Use Industry, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Banks
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Brokerage Firms
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Investment Management Firms Trading and Exchange Firms
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Wealth Management Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Advisory, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Enterprise Size, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Business Function, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-Use Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Advisory, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Enterprise Size, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Business Function, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-Use Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Advisory, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Enterprise Size, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Business Function, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-Use Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Advisory, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Enterprise Size, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Business Function, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-Use Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Advisory, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Deployment, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Enterprise Size, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Business Function, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-Use Industry, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
-
- Comarch SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Dorsum Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Fidelity National Information Services, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Finantix S.p.A
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Fiserv, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Objectway S.p.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Profile Software
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- SEI Investments Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- SS&C Technologies Holdings, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Temenos Headquarters SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Comarch SA
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Wealth Management Market report segments the market on the basis of advisory model, business function, deployment model, end-user industry, and region.
The worldwide wealth management business is being driven by a surge in demand for alternative investments such as private equity, commodities, hedge funds, real estate investment trusts (REITs), and intellectual property.
Based on region, North America is expected to dominate the wealth management market share during the forecast period.
The leading players operating in the Global Wealth Management 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.