Market Research Report
Wealth Management Software Market Size, Share & Trends Analysis Report By Advisory Mode, By Deployment, By Enterprise Size, By Application, By End-use, By Region, And Segment Forecasts, 2021 - 2028
|Published by||Grand View Research, Inc.||Product code||999547|
|Published||Content info||159 Pages
Delivery time: 2-10 business days
|Wealth Management Software Market Size, Share & Trends Analysis Report By Advisory Mode, By Deployment, By Enterprise Size, By Application, By End-use, By Region, And Segment Forecasts, 2021 - 2028|
|Published: March 17, 2021||Content info: 159 Pages||
The global wealth management software market size is expected to reach USD 9.14 billion by 2028, registering a CAGR of 13.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing demand for efficient investment management, financial planning, and other forms of financial advice. Also, clients with High-Net-Worth (HNW) are seeking financial advice from a financial advisor, thereby driving the market growth.
Numerous businesses across the globe are focusing on taking advice from financial advisors about their financial assets. These advisors provide asset management services to their clients to increase their clients' wealth. Furthermore, the increasing need to automate the wealth management processes in digital devices is anticipated to propel the global market over the forecast period.
Businesses are widely adopting wealth management software to manage their wealth and automate the workflow of financial processes. This software also helps businesses improve digital involvement through the provision of open architecture and omnibus access that can be easily integrated into numerous wealth administration applications. These aforementioned factors are expected to fuel the market growth over the forecast period.
The outbreak of the COVID-19 pandemic is expected to favorably impact the market. Asset and wealth managers are experiencing a time of exponential change. Numerous businesses are focusing on crisis management, finance and liquidity, operations and supply chain, tax and trade. This, in turn, is expected to create growth opportunities for the market players.