Wealth Management Market, 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) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI383520 | Publish Date: April 2023 | No. of Pages: 173

Global Wealth Management Market By Overview

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 Drivers & Restraints

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 Segmentations & Regional Insights

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:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Billion & CAGR from 2020 to 2030

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

 

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

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:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Wealth Management Market By Competitive Landscape & 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

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.