PUBLISHER: IMARC | PRODUCT CODE: 1298664
PUBLISHER: IMARC | PRODUCT CODE: 1298664
Wealth Management Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global wealth management platform market size reached US$ 4.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.3 Billion by 2028, exhibiting a growth rate (CAGR) of 12.7% during 2023-2028.
A wealth management platform is a software deployed for planning, analyzing, monitoring, and controlling specialized financial services. It is widely used as an investment advisory service that combines other financial services to address the needs of affluent clients. It includes financial goal planning, legal and tax advice, estate planning, complete wealth overview, personal retail banking services, portfolio management capabilities, and investment management services. These platforms are widely used by enterprises to streamline operations, deliver consistent advice across channels, and manage multiple and complex investment programs from one solution. Wealth management platforms aid in reducing manual processes, errors, risk, financial stress, complexities, improving investment decisions, creativity, production cycles, and cost-effectiveness. As a result, it is widely used in banks, brokerage, investment management and trading firms.
Wealth Management Platform Market Trends:
Increasing digitalization across the globe is creating a positive outlook for the market. The wealth management platform assists businesses to gain insights and enhance decision-making to improve profitability and efficiency. Additionally, the widespread product adoption in trading and exchange firms to manage multiple clients efficiently, understand the process of financial portfolio, and access trading accounts is favoring the market growth. Moreover, various technological advancements, such as the introduction of digital wealth management platforms, to provide financial firms with the latest integrated tools and data-driven analytics are providing an impetus to the market growth. In line with this, the integration of artificial intelligence (AI) to efficiently track expenditure, identify investment preferences, and provide personalized and curated advice for the clients is positively impacting the market growth. Apart from this, the rising disposable incomes, particularly in emerging economies, and the implementation of various stringent government compliances related to the financial sector are anticipated to drive the market toward growth further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wealth management platform market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on advisory model, deployment mode, business function, enterprise size and end use industry.
Breakup by Advisory Model:
Hybrid
Robo Advisory
Human Advisory
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Business Function:
Reporting
Performance Management
Financial Advice Management
Risk and Compliance Management
Portfolio, Accounting and Trading Management
Others
Breakup by Enterprise Size:
Large Enterprises
Small and Medium-sized Enterprises
Breakup by End Use Industry:
Banks
Brokerage Firms
Investment Management Firms
Trading and Exchange Firms
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Avaloq (NEC Corporation), Backbase, Broadridge Financial Solutions Inc., Comarch SA, Crealogix AG, Fidelity National Information Services Inc., Fiserv Inc., Infosys Limited, Profile Systems and Software S.A., Prometeia S.p.A, SEI Investments Company, SS&C Technologies Inc., Tata Consultancy Services Limited and Temenos Headquarters SA.
Key Questions Answered in This Report
1. What was the size of the global wealth management platform market in 2022?
2. What is the expected growth rate of the global wealth management platform market during 2023-2028?
3. What are the key factors driving the global wealth management platform market?
4. What has been the impact of COVID-19 on the global wealth management platform market?
5. What is the breakup of the global wealth management platform market based on the advisory model?
6. What is the breakup of the global wealth management platform market based on the deployment mode?
7. What is the breakup of the global wealth management platform market based on end use industry?
8. What are the key regions in the global wealth management platform market?
9. Who are the key players/companies in the global wealth management platform market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Wealth Management Platform Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Advisory Model
- 6.1 Hybrid
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Robo Advisory
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Human Advisory
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Deployment Mode
- 7.1 On-premises
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Cloud-based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Business Function
- 8.1 Reporting
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Performance Management
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Financial Advice Management
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Risk and Compliance Management
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Portfolio, Accounting and Trading Management
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Enterprise Size
- 9.1 Large Enterprises
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Small and Medium-sized Enterprises
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by End Use Industry
- 10.1 Banks
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Brokerage Firms
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Investment Management Firms
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Trading and Exchange Firms
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Others
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Avaloq (NEC Corporation)
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.2 Backbase
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.3 Broadridge Financial Solutions Inc.
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.3.3 Financials
- 16.3.3.4 SWOT Analysis
- 16.3.4 Comarch SA
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.5 Crealogix AG
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 Financials
- 16.3.6 Fidelity National Information Services Inc.
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.6.3 Financials
- 16.3.6.4 SWOT Analysis
- 16.3.7 Fiserv Inc.
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.7.3 Financials
- 16.3.7.4 SWOT Analysis
- 16.3.8 Infosys Limited
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.8.4 SWOT Analysis
- 16.3.9 Profile Systems and Software S.A.
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.9.3 Financials
- 16.3.10 Prometeia S.p.A
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.11 SEI Investments Company
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.11.4 SWOT Analysis
- 16.3.12 SS&C Technologies Inc.
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.12.3 Financials
- 16.3.12.4 SWOT Analysis
- 16.3.13 Tata Consultancy Services Limited
- 16.3.13.1 Company Overview
- 16.3.13.2 Product Portfolio
- 16.3.13.3 Financials
- 16.3.13.4 SWOT Analysis
- 16.3.14 Temenos Headquarters SA
- 16.3.14.1 Company Overview
- 16.3.14.2 Product Portfolio
- 16.3.14.3 Financials
- 16.3.14.4 SWOT Analysis
- 16.3.1 Avaloq (NEC Corporation)
List of Figures
- Figure 1: Global: Wealth Management Platform Market: Major Drivers and Challenges
- Figure 2: Global: Wealth Management Platform Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Wealth Management Platform Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Wealth Management Platform Market: Breakup by Advisory Model (in %), 2022
- Figure 5: Global: Wealth Management Platform Market: Breakup by Deployment Mode (in %), 2022
- Figure 6: Global: Wealth Management Platform Market: Breakup by Business Function (in %), 2022
- Figure 7: Global: Wealth Management Platform Market: Breakup by Enterprise Size (in %), 2022
- Figure 8: Global: Wealth Management Platform Market: Breakup by End Use Industry (in %), 2022
- Figure 9: Global: Wealth Management Platform Market: Breakup by Region (in %), 2022
- Figure 10: Global: Wealth Management Platform (Hybrid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Wealth Management Platform (Hybrid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Wealth Management Platform (Robo Advisory) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Wealth Management Platform (Robo Advisory) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Wealth Management Platform (Human Advisory) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Wealth Management Platform (Human Advisory) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Wealth Management Platform (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Wealth Management Platform (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Wealth Management Platform (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Wealth Management Platform (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Wealth Management Platform (Reporting) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Wealth Management Platform (Reporting) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Wealth Management Platform (Performance Management) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Wealth Management Platform (Performance Management) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Wealth Management Platform (Financial Advice Management) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Wealth Management Platform (Financial Advice Management) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Wealth Management Platform (Risk and Compliance Management) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Wealth Management Platform (Risk and Compliance Management) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Wealth Management Platform (Portfolio, Accounting and Trading Management) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Wealth Management Platform (Portfolio, Accounting and Trading Management) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Wealth Management Platform (Other Business Functions) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Wealth Management Platform (Other Business Functions) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Wealth Management Platform (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Wealth Management Platform (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Wealth Management Platform (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Wealth Management Platform (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Wealth Management Platform (Banks) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Wealth Management Platform (Banks) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Wealth Management Platform (Brokerage Firms) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Wealth Management Platform (Brokerage Firms) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Wealth Management Platform (Investment Management Firms) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Wealth Management Platform (Investment Management Firms) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Global: Wealth Management Platform (Trading and Exchange Firms) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Global: Wealth Management Platform (Trading and Exchange Firms) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Global: Wealth Management Platform (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Global: Wealth Management Platform (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: North America: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: North America: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: United States: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: United States: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Canada: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Canada: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Asia-Pacific: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Asia-Pacific: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: China: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: China: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Japan: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Japan: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: India: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: India: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: South Korea: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: South Korea: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Australia: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Australia: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Indonesia: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Indonesia: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Europe: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Europe: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Germany: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Germany: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: France: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: France: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: United Kingdom: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: United Kingdom: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Italy: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Italy: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Spain: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Spain: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Russia: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Russia: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Others: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Others: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Latin America: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Latin America: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Brazil: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Brazil: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Mexico: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 89: Mexico: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 90: Others: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 91: Others: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 92: Middle East and Africa: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
- Figure 93: Middle East and Africa: Wealth Management Platform Market: Breakup by Country (in %), 2022
- Figure 94: Middle East and Africa: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 95: Global: Wealth Management Platform Industry: SWOT Analysis
- Figure 96: Global: Wealth Management Platform Industry: Value Chain Analysis
- Figure 97: Global: Wealth Management Platform Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Wealth Management Platform Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Wealth Management Platform Market Forecast: Breakup by Advisory Model (in Million US$), 2023-2028
- Table 3: Global: Wealth Management Platform Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
- Table 4: Global: Wealth Management Platform Market Forecast: Breakup by Business Function (in Million US$), 2023-2028
- Table 5: Global: Wealth Management Platform Market Forecast: Breakup by Enterprise Size (in Million US$), 2023-2028
- Table 6: Global: Wealth Management Platform Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 7: Global: Wealth Management Platform Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 8: Global: Wealth Management Platform Market: Competitive Structure
- Table 9: Global: Wealth Management Platform Market: Key Players
