Wealth Management Platform Market to 2027 - Global Analysis and Forecasts by Advisory Model (Human advisory, Robo advisory, Hybrid); Business Function (Performance Management, Risk and Compliance Management, Portfolio Accounting and Trading Management, Financial Advice Management, Reporting, Others); Deployment Type (Cloud, On-premise); End-User (Investment Management Firms, Trading and Exchange Firms, Banks, Brokerage Firms, Others)
The report studies essential market players such as Comarch SA, Finantix SpA, Fiserv, InvestEdge
Wealth management platform market in global is expected to grow from US$ 2.20 Bn in 2018 to US$ 7.19 Bn by the year 2027. This represents a CAGR of 14.2% from the year 2019 to 2027.
"Worldwide Wealth Management Platform Market Analysis 2019-2027" is a specialized and in-depth study of the technology industry focusing on the global market trend. The report aims to provide an overview of the global Wealth Management Platform market with detailed market segmentation by type, application and geography.
The global market for Wealth Management Platform is expected to grow strongly in the forecasting period. The report contains important statistics on the market status of the leading market participants and offers important trends and opportunities in the market.
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Wealth Management Platform Market report provides an in-depth insight of Industry covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis. The research report focuses on the leading competitors of the Wealth Management Platform Market and provides information such as the company overview, product portfolio, key developments, price, cost, value, volume, revenue, capacity, production, and contact information.
Broadridge Financial Solutions, Inc.
Fidelity National Information Services, Inc. (FIS)
SEI Investments Company
SS and C Technologies, Inc.
Temenos Headquarters SA
Europe was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. North America wealth management platform market size is expected to gradually increase in the coming years till 2027, owing to the increasing spending in the wealth management industry in the region.
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The financial sector is continually integrating new technologies for providing financial services to its customers in cheaper as well as more efficient ways. These advanced and innovative technologies started gaining acceptance after the global financial crisis of 2007−08, during which strong regulations on traditional banks were imposed, and developments in the IT industry enhanced the incentives for the growth of nonbank as well as technology-based financial companies.
For instance, the technological revolutions in the finance sector comprise mobile payments, ATMs (i.e., automated teller machines), and trade finance using blockchain. The technological interruptions in the field of wealth management services include robo-advisors, automated financial advisors designed to compete with human advisors.
The robo-advisors provide information regarding various investment strategies related to a different goals, such as saving for large expenditures, retirement, and managing a stream of income to handle expenses more efficiently.
The advantages of robo-advisory management wealth services over traditional services, involving human advisory, include easy accessibility, affordability, and the ability to offer their clients the option to obtain financial advice as well as handling investments at any time, from any place, with the help of an Internet connection. Robo-advisory allows the wealth management players to provide their services at low fees, permitting them to expand into their target market.
North America was the first region to introduce automated financial advisors. The wealth management firms and banks in the US adopted robo-advisory services to provide more comprehensive, effective, and efficient services to their customers.
The primary factors that contributed to the early adoption of this technology in the region is the growing affordability as well as accessibility with rising internet penetration and low financial assistance fee. Similarly, APAC is also witnessing an increase in the number of robo-advisory users and asset under management (AUM).
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Reason to read :
– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Wealth Management Platform Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the Wealth Management Platform Market, thereby allowing players to develop effective long term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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