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Global Wealth Management Platform Market to Reach USD 10,268.9 Million by 2027, Aided by Rising Shift Toward Digital Investment Management Solutions

Wealth Management Platform Market

Global Wealth Management Platform Market: By Deployment Type: On-Premises, Cloud; By End Use: Banks, Trading Firms, Brokerage Firms, Investment Management Firms, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Wealth Management Platform Market Outlook

The global wealth management platform market reached a value of about USD 4,778.7 million in 2021. The industry is further expected to grow at a CAGR of about 13.9% in the forecast period of 2023-2028 to reach a value of around USD 10,268.9 million by 2027.

 

North America to be a Significant Regional Market for Wealth Management Platform

Due to the early adoption of new and emerging technologies and expanding data, North America is likely to be one of the leading regions for the industry during the forecast period. Another factor driving regional market revenue is the country's expanding digitisation in the banking industry.

 

Global Wealth Management Platform Market

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Government officials in the region have focused their efforts on credit seekers to promote people's financial inclusion to stimulate economic growth. In addition, technological advancements are fostering financial technologies or fintech firms, further enhancing the market demand. The market growth can also be attributed to the region's increasing number of high-net-worth individuals (HNWIs). These HNWIs are increasingly subscribing to advanced financial advisory solutions.

Over the projected period, the Asia Pacific regional market is expected to be the fastest-growing regional market. Due to the increased adoption of digital platforms, the region is likely to provide growth possibilities for robo-advisers. Technologically savvy customers can quickly adopt robo-advising solutions to satisfy their investing needs thanks to a combination of novel data and powerful algorithms. Wealth management software companies in emerging economies such as China and India are likely to benefit from the growing number of small and medium businesses in the region. Europe is projected to generate maximum revenue in the wealth management platform market. The growth is attributed to increasing digitalisation across multiple industries. Leading wealth management platform providers are further anticipated to provide lucrative opportunities for the wealth management platform market.

 

Wealth Management Platform: Market Segmentation

Software for planning, monitoring, evaluating, and regulating financial and specialised financial services is known as a wealth management platform. This platform offers investment management, personal retail banking, tax guidance, portfolio management, billing services, accounting, and trading, financial advice management, and many more services. It also helps with the automation of processes, the enhancement of investment decisions, the elimination of errors, and the reduction of risk.

 

Global Wealth Management Platform Market

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By deployment type, the market includes:

  • On-Premises
  • Cloud

The end user of the market are divided into:

  • Banks
  • Trading Firms
  • Brokerage Firms
  • Investment Management Firms
  • Others

The regional markets for wealth management platform can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Shift toward Digital Investment Management Solutions Boosting the Market Growth

A rising shift toward digital investment management solutions across high-net-worth individuals (HNWIs) is likely to fuel the industry growth. The high net worth individual (HNWIs) are expecting more control and transparency in wealth management solutions. HNWIs can use the wealth management platform to gain more transparency and control over their wealth management. It also uses numerous analytical technologies to assist consumers in better strategising their wealth goals. The increasing demand for wealth management platforms to improve the decision regarding portfolio management and trading decisions is driving the market revenue. The wealth managers are using the software platforms to handle the financial data of a number of clients to support them with the most profitable decision-making. Another aspect driving the market demand is the growing digitalisation of investment and banking firms.

 

Global Wealth Management Platform Market

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Over the projected period, technological advancements in the fields of blockchain and artificial intelligence (AI) are likely to drive market expansion. Customers can avoid having to see a financial counsellor on a regular basis due to AI and blockchain technologies. Furthermore, numerous factors such as improved customer service and decreased operational costs are likely to fuel market expansion. The market is expected to grow due to an increase in demand for wealth monitoring software from small and medium businesses to successfully meet regulatory requirements and reduce asset monitoring expenditures.

 

Key Industry Players in the Wealth Management Platform Market

The report gives a detailed analysis of the following key players in the global wealth management platform market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Avaloq Group AG
  • Temenos AG
  • Fidelity National Information Services, Inc.
  • Prometeia S.p.A
  • Backbase B.V
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report:

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Deployment Type, End User, Region
Breakup by Deployment Type On-Premises, Cloud
Breakup by End Use Banks, Trading Firms, Brokerage Firms, Investment Management Firms, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Avaloq Group AG, Temenos AG, Fidelity National Information Services, Inc., Prometeia S.p.A, Backbase B.V, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Wealth Management Platform Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Wealth Management Platform Historical Market (2018-2022) 
    8.3    Global Wealth Management Platform Market Forecast (2023-2028)
    8.4    Global Wealth Management Platform Market by Deployment Type
        8.4.1    On-Premises
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Cloud
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Wealth Management Platform Market by End Use
        8.5.1    Banks
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Trading Firms
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Brokerage Firms
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Investment Management Firms
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Others
    8.6    Global Wealth Management Platform Market by Region       
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2022) 
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2022) 
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2022) 
            8.6.5.2    Forecast Trend (2023-2028)
9    North America Wealth Management Platform Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Wealth Management Platform Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Wealth Management Platform Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Wealth Management Platform Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Wealth Management Platform Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        11.2.1    Avaloq Group AG
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Temenos AG
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Fidelity National Information Services, Inc.
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Prometeia S.p.A
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Backbase B.V
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Wealth Management Platform Market: Key Industry Highlights, 2018 and 2028
2.    Global Wealth Management Platform Historical Market: Breakup by Deployment Type (USD Billion), 2018-2022
3.    Global Wealth Management Platform Market Forecast: Breakup by Deployment Type (USD Billion), 2023-2028
4.    Global Wealth Management Platform Historical Market: Breakup by End Use (USD Billion), 2018-2022
5.    Global Wealth Management Platform Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6.    Global Wealth Management Platform Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Wealth Management Platform Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Wealth Management Platform Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Wealth Management Platform Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Wealth Management Platform Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Wealth Management Platform Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Wealth Management Platform Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Wealth Management Platform Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Wealth Management Platform Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Wealth Management Platform Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Wealth Management Platform Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Wealth Management Platform Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global Wealth Management Platform Market Structure

Key Questions Answered in the Report

What was the global wealth management platform market size in 2021?

In 2021, the global wealth management platform market attained a value of nearly USD 4,778.7 million.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 13.9% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 7.1 billion by 2027.

What are the major industry drivers?

The major drivers of the market include the increasing digitalisation, technological advancement, enhancement of customer service, and the lowering of the operational cost and presence of leading wealth management platform providers.

What are the key industry trends of the global wealth management platform market?

Rising shift toward digital investment management solutions across high net worth individual and increasing demand for wealth monitoring software by small and medium enterprises are the key industry trends propelling the growth of the market.

What are the major regional markets of wealth management platform, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What is the market division based on deployment type?

Based on deployment type, the market is divided into on-premises and cloud.

Who are the end users of the industry?

Banks, trading firms, brokerage firms, and investment management firms, among others are the end users of the industry.

Who are the key industry players, according to the report?

The major players in the industry are Avaloq Group AG, Temenos AG, Fidelity National Information Services, Inc., Prometeia S.p.A, and Backbase B.V, among others.

Analyst Review

The global wealth management platform market attained a value of USD 4,778.7 million in 2021, driven by the rising shift toward digital investment management solutions across high net worth individual. Aided by increasing digitalisation and technological advancement, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 13.9%. The market is projected to reach USD 10,268.9 million by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on deployment type, the market is divided into on-premises and cloud. Banks, trading firms, brokerage firms, and investment management firms, among others are the end users of the industry. The major regional markets for global wealth management platform market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Avaloq Group AG, Temenos AG, Fidelity National Information Services, Inc., Prometeia S.p.A, and Backbase B.V, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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