Wealth Management Software Market (By Advisory Mode: Human Advisory, Robo Advisory, Hybrid; By Deployment: Cloud, On-premise; By Enterprise Size: Large Enterprises, Small & Medium Enterprises; By Application: Financial Advice & Management, Portfolio, Accounting, & Trading Management, Performance Management, Risk & Compliance Management, Reporting; By End-use: Banks, Investment Management Firms, Trading & Exchange Firms, Brokerage Firms) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030

Published Date : Feb 2022 | No. of Pages : 150+ Pages | Category : ICT

The global wealth management software market size was valued at USD 3.70 billion in 2020, and is predicted to be worth around USD 11.78 billion by 2030, registering a CAGR of 13.8% during the forecast period 2022 to 2030.

Wealth Management Software Market Size 2021 to 2030

Growth Factors

The growth of the market can be attributed to the increasing demand for wealth management software from financial advisors to effectively understand the needs of their clients and streamline the financial management of their clients accordingly. The widening scope of wealth management software to cover everything from accounting and investment management to estate planning and retirement planning bodes well for the growth of the market. Advances in technology and the growing adoption of the latest technologies for wealth management are expected to intensify the competition between traditional and non-traditional firms.

Several wealth management firms across the globe are using Artificial Intelligence (AI)-based applications to offer personalized solutions to their clients. Businesses are particularly adopting predictive analytics tools based on AI and Machine Learning (ML) to analyze the large volumes of data related to investments and forecast future trends. 

The robo advisory segment is expected to witness the fastest CAGR over the forecast period due to the growing adoption of the robo advisory platform to automate portfolio creation based on the income, risk parameters, and other facets of a client’s investment mandate. Robo advisory platform also offers a cost-effective alternative to human advisory services, thereby contributing to the growth of the segment. 

Report Coverage

Report Scope Details
Market Size US$ 11.78 billion by 2030
Growth Rate CAGR of 13.8% From 2022 to 2030
Largest Market North America
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Advisory Mode, Deployment, Enterprise Size, Application, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Comarch SA; Dorsum Ltd.; Fidelity National Information Services, Inc.; Finantix; Fiserv, Inc.; Objectway S.p.A.; Profile Software; SEI Investments Company; SS&C Technologies Holdings, Inc.; Temenos Headquarters SA

By Advisory Mode Analysis

The human advisory mode segment dominated the market in 2021 and accounted for the largest share of 58.0% of the global revenue. Human advisory remains the first preference for several HNWIs across the globe owing to security concerns. 

The robo advisory segment is anticipated to register the fastest CAGR over the forecast period. Robo advisors tend to be highly accurate, efficient, and more accessible as compared to other modes.

Various factors, such as the intensifying competition, evolving client requirements, and rapidly changing market dynamics, are also expected to create new growth opportunities for the robo advisory segment.

By Deployment Analysis

The cloud segment dominated the market in 2021 and accounted for the maximum share of more than 56.0% of the global revenue. The segment is estimated to expand further at the fastest CAGR retaining the leading position throughout the forecast period. 

Financial advisory firms across the globe are also focusing on adopting cloud-based solutions as part of their efforts to reduce operational costs. The on-premise segment is anticipated to witness significant growth over the forecast period. 

By Enterprise Size Analysis

The large enterprises segment dominated the market in 2021 and accounted for the highest revenue share of more than 58.3%. On the basis of enterprise size, the global market has been bifurcated into large enterprises and Small & Medium Enterprises (SMEs). 

Large enterprises across the globe are focusing on implementing new technical functionalities, and storage and processing technologies. Moreover, computing resources are getting more reliable, cheaper, and widely deployable.

Large enterprises are also focusing on adopting cloud-based wealth management solutions to help in managing the digital assets, accounting operations, and funds of their clients.

The growing demand for wealth monitoring software by SMEs to effectively meet the regulatory requirements and to condense the asset monitoring costs is anticipated to drive the growth of the segment. The growing number of small & medium enterprises in emerging economies is also driving the demand for wealth management solutions.

By Application Analysis

The portfolio, accounting, & trading management segment dominated the market in 2021 and accounted for a revenue share of more than 23.0%.At a time when the demand for portfolio management and trading solutions is increasing; portfolio, accounting, & trading management solutions are allowing trading managers to concentrate on collaborative activities and serve their customers in a better manner. 

Wealth managers are also using portfolio, accounting, & trading management platforms to handle the financial data of their clients and effectively support them with the most profitable decision-making. 

Several businesses across the globe are focusing on accelerating digitization, increasing operational efficiency, and strengthening client relationships, which is expected to propel the adoption of financial advice & management solutions across various end-use industries.

By End-use Analysis

The banks segment dominated the market in 2021 and accounted for a revenue share of more than 28.5%. As the global economy continues to strengthen gradually, banks are anticipated to play a key role in managing the growing assets and wealth of individuals. 

Numerous wealth management software providers are focusing on providing end-to-end wealth management and processing solutions to cater to the evolving needs of banks, drive efficiency throughout banks’ business, and help banks in operating seamlessly in global markets.

The trading & exchange firms segment is anticipated to register the fastest CAGR over the forecast period. The evolving technological capabilities of wealth management solutions are expected to open new opportunities for the adoption of wealth management software for trading & exchange purposes. 

By Regional Analysis

North America dominated the market in 2021 and accounted for a revenue share of more than 36.0%. The number of HNWIs in the region is growing continuously. These HNWIs are increasingly subscribing to advanced financial advisory solutions. North America is also home to some of the prominent market players.

The region typically holds promising growth opportunities for robo advisors owing to the increasing adoption of digital platforms. The combination of innovative analytics and advanced algorithms is encouraging techno-savvy customers to opt for robo advisory tools to efficiently meet their investment requirements.

Key Players

  • Comarch SA

  • Dorsum Ltd.

  • Fidelity National Information Services, Inc.

  • Finantix

  • Fiserv, Inc.

  • Objectway S.p.A.

  • Profile Software

  • SEI Investments Company

  • SS&C Technologies Holdings, Inc.

  • Temenos Headquarters SA

Market Segmentation

  • By Advisory Mode 

    • Human Advisory

    • Robo Advisory

    • Hybrid

  • By Deployment

    • Cloud

    • On-premise

  • By Enterprise Size

    • Large Enterprises

    • Small & Medium Enterprises

  • By Application 

    • Financial Advice & Management

    • Portfolio, Accounting, & Trading Management

    • Performance Management

    • Risk & Compliance Management

    • Reporting

    • Others

  • By End-use 

    • Banks

    • Investment Management Firms

    • Trading & Exchange Firms

    • Brokerage Firms

    • Others

  • Regional

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

    • Middle East & Africa

The wealth management software market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of wealth management software market for the base year 2021 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global wealth management software market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the wealth management software market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted wealth management software market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the wealth management software capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of wealth management software by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global wealth management software market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major wealth management software market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of wealth management software market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the wealth management software industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

wealth management software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wealth management software market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of wealth management software market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new wealth management software market. These factors have benefited the growth of the global market for wealth management software. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for wealth management software. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of wealth management software are as follows:

  • History Year: 2019-2020
  • Base Year: 2021
  • Forecast Year 2022  to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2019-2021) and forecast (2022-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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