Wealth Management Platform Market Growth by 2027 Involving Prominent Players Such as Broadridge Financial Solutions, Finantix, 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.

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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Global Wealth Management Platform Market - Companies Mentioned

o Broadridge Financial Solutions, Inc.
o Comarch SA
o Fidelity National Information Services, Inc. (FIS)
o Finantix SpA
o Fiserv, Inc.
o InvestEdge, Inc.
o Profile Software
o SEI Investments Company
o SS and C Technologies, Inc.
o Temenos Headquarters SA

Market Insights
Growing inclination towards robo-advisory model expected to boost the market
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).

Global Wealth Management Platform Market- Advisory Model Insights
The global Wealth Management Platform market by advisory model was led by human advisory segment. Hybrid segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 - 2027.

Global Wealth Management Platform Market - Business Function Insights
The global Wealth Management Platform market by business function was led by portfolio accounting and trading management segment. Performance management segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 - 2027.

Global Wealth Management Platform Market - Deployment Type Insights
The global Wealth Management Platform market by deployment type was led by portfolio cloud segment. On-premise segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 - 2027.

Global Wealth Management Platform Market - End-User Insights
The global Wealth Management Platform market by end-user was led by investment management firms segment. Banks segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 - 2027.

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Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Wealth Management Platform Market - By Advisory Model
1.3.2 Global Wealth Management Platform Market - By Business Function
1.3.3 Global Wealth Management Platform Market - By Deployment Type
1.3.4 Global Wealth Management Platform Market - By End-User
1.3.5 Global Wealth Management Platform Market - By Geography

2. Research Methodology
2.1 Coverage
2.2 Secondary Research
2.3 Primary Research

3. Key Takeaways

4. Wealth Management Platform Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 APAC PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Wealth Management Platform Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising Adoption of Robo-Advisors in Wealth Management
5.1.2 Growing number of High Net Worth Individuals Globally
5.2 Key Market Restraints
5.2.1 High-Profile Data Privacy and Security Concerns
5.3 Key Market Opportunities
5.3.1 Increasing Awareness of Long-Term Financial Planning Among Masses
5.4 Future Trends
5.4.1 Integration of Artificial Intelligence and Analytics in Wealth Management Platforms
5.5 Impact Analysis of Drivers And Restraints

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