Global Wealth Management Software Market Overview

The Global Wealth Management Software Market size is estimated to reach $4,145 Million by 2026 growing at a CAGR of 9.8% over the forecast period of 2021-2026.

Wealth management is an investment advisory service that combines investing and financial advice to meet the demands of high-net-worth individuals. It entails developing plans to attain specific financial objectives over time, retirement planning, accounting and tax services, estate and legal planning, and generally offering a customised approach under the wealth services portfolio. These services are often provided to high-net-worth individuals (HNIs) who have a professional wealth manager who makes fund allocation recommendations to the clients.

COVID 19 Impacts:

The COVID-19 pandemic has impacted every industry sector across the world. Research Informatic are constantly apprehending the influence of the COVID-19 pandemic on different domains of the industry. Our research reports provide comprehensive research of COVID-19 which will guide you to understand the major growth driving as well as restraining factors. Furthermore, the Global Wealth Management Software Market research report helps you with the statistics, revised government policies, and many other useful understandings.

SWOT Analysis:

The report is created based on comprehensive SWOT analysis and Porter’s five force analysis tools, the strengths, weaknesses, opportunities, and combination of key companies are extensively figured out in the report. Furthermore, every single prominent player in the global market is outlined with their associated details such as product types, market overview, marketing strategies, production base, applications, and other specifications.

Key Takeaways from Global Wealth Management Software Market Report:

• Evaluate market potential through analysing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for type, applications, and by different industry verticals.
• Understand the different dynamics influencing the market – key driving factors, challenges, and hidden opportunities.
• Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
• Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

By Deployment Model, market for On Premises is estimated to grow at the highest CAGR during the forecast period

In 2020, the cloud segment led the market, accounting for about 55.0 percent of worldwide sales. Many organisations across the world are concentrating on cloud-based solutions because of the numerous benefits they provide, such as scalability, agility, and simple access to data, to name a few. Financial advice businesses all around the world are focused on implementing cloud-based solutions since they assist them save operating expenses.

Over the projected period, the on-premise market is expected to see substantial expansion with CAGR of 16.9%. Many firms still prefer on-premise implementation of solutions because it gives them complete control over their data and infrastructure.

By End Use, market for Banks is estimated to grow at the highest CAGR during the forecast period

In 2020, the banks sector dominated the market, accounting for the majority of worldwide revenue. Over the projection period, the global economy is likely to develop, and banks are expected to play a vital role in managing individuals' rising assets and wealth. Furthermore, banks are utilising wealth management software to provide a client-centric strategy. Individuals' financial assets can also be managed by banks from any place.

Asia Pacific to account for the largest market share during the forecast period

In 2020, the North American area dominated the wealth management software market, accounting for more than 38.0 percent of worldwide sales. The growing number of HNWIs in the region can be ascribed to the region's market expansion. Advanced financial advising solutions are becoming more popular among these HNWIs. Furthermore, the presence of major market players in the area is likely to create profitable prospects for regional market expansion.

Over the projected period, the Asia Pacific regional market is predicted to be the fastest-growing regional market. Due to the increased use of robo advisers in the region, the region is likely to provide development prospects for them.

Market Dynamics

Driver: Cloud technology adoption is driving the growth of cloud-based wealth management solutions .

Because of growing cloud usage in the financial industry, the cloud deployment model in the UK is predicted to grow at a 10% CAGR through 2027. The cloud platform's scalability and cost-effectiveness enable businesses to create novel wealth management services. Wealth Dynamix, a UK-based Client Lifecycle Management (CLM) solution provider, for example, introduced CLMi, a cloud-based client lifecycle management SaaS solution for wealth management organisations, in April 2021. This innovative solution aided wealth management firms in bettering their client relationship management.

Challenge: The market's strong reliance on traditional wealth management approaches is projected to be a hindrance to expansion. In addition, a lack of technical skills among business experts is expected to be a barrier. In addition, a lack of understanding among businesses about the benefits of wealth management software is projected to stymie industry growth.

Key Market Players:

Key Players in Global Wealth Management Software Market consist of 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 among others.

Report Coverage and Scope

The report “Global Wealth Management Software Market”, by Research Informatic covers an in-depth detailed analysis for the following segment which are covered under scope.

By Advisory Model

• Human Advisory
• Robo Advisory
• Hybrid

By Business Function

• Financial Advise Management
• Portfolio, Accounting, and Trading Management
• Performance Management
• Risk and Compliance Management
• Reporting
• Others

By Deployment Model

• Cloud
• On-Premises

Geography

• North America
• Europe
• APAC
• RoW

Global Wealth Management Software Market Growth, Trend and Forecast 2021-2028

Chapter 1 Wealth Management Software Market Overview
1.1 Product Overview and Scope of Wealth Management Software
1.2 Wealth Management Software Market Segmentation by Type
1.2.1 Global Production Market Share of Wealth Management Software by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Wealth Management Software Market Segmentation by Application
1.3.1 Wealth Management Software Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Wealth Management Software Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Wealth Management Software (2014-2028)

Chapter 2 Global Economic Impact on Wealth Management Software Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Wealth Management Software Market Competition by Manufacturers
3.1 Global Wealth Management Software Production and Share by Manufacturers (2020 and 2020)
3.2 Global Wealth Management Software Revenue and Share by Manufacturers (2020 and 2020)
3.3 Global Wealth Management Software Average Price by Manufacturers (2020 and 2020)
3.4 Manufacturers Wealth Management Software Manufacturing Base Distribution, Production Area and Product Type
3.5 Wealth Management Software Market Competitive Situation and Trends
3.5.1 Wealth Management Software Market Concentration Rate
3.5.2 Wealth Management Software Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Wealth Management Software Production, Revenue (Value) by Region (2014-2021)
4.1 Global Wealth Management Software Production by Region (2014-2021)
4.2 Global Wealth Management Software Production Market Share by Region (2014-2021)
4.3 Global Wealth Management Software Revenue (Value) and Market Share by Region (2014-2021)
4.4 Global Wealth Management Software Production, Revenue, Price and Gross Margin (2014-2021)
4.5 North America Wealth Management Software Production, Revenue, Price and Gross Margin (2014-2021)
4.6 Europe Wealth Management Software Production, Revenue, Price and Gross Margin (2014-2021)
4.7 China Wealth Management Software Production, Revenue, Price and Gross Margin (2014-2021)
4.8 Japan Wealth Management Software Production, Revenue, Price and Gross Margin (2014-2021)
4.9 Southeast Asia Wealth Management Software Production, Revenue, Price and Gross Margin (2014-2021)
4.10 India Wealth Management Software Production, Revenue, Price and Gross Margin (2014-2021)

Chapter 5 Global Wealth Management Software Supply (Production), Consumption, Export, Import by Regions (2014-2021)
5.1 Global Wealth Management Software Consumption by Regions (2014-2021)
5.2 North America Wealth Management Software Production, Consumption, Export, Import by Regions (2014-2021)
5.3 Europe Wealth Management Software Production, Consumption, Export, Import by Regions (2014-2021)
5.4 China Wealth Management Software Production, Consumption, Export, Import by Regions (2014-2021)
5.5 Japan Wealth Management Software Production, Consumption, Export, Import by Regions (2014-2021)
5.6 Southeast Asia Wealth Management Software Production, Consumption, Export, Import by Regions (2014-2021)
5.7 India Wealth Management Software Production, Consumption, Export, Import by Regions (2014-2021)

Chapter 6 Global Wealth Management Software Production, Revenue (Value), Price Trend by Type
6.1 Global Wealth Management Software Production and Market Share by Type (2014-2021)
6.2 Global Wealth Management Software Revenue and Market Share by Type (2014-2021)
6.3 Global Wealth Management Software Price by Type (2014-2021)
6.4 Global Wealth Management Software Production Growth by Type (2014-2021)

Chapter 7 Global Wealth Management Software Market Analysis by Application
7.1 Global Wealth Management Software Consumption and Market Share by Application (2014-2021)
7.2 Global Wealth Management Software Consumption Growth Rate by Application (2014-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries

Chapter 8 Wealth Management Software Manufacturing Cost Analysis
8.1 Wealth Management Software Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Wealth Management Software

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Wealth Management Software Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Wealth Management Software Major Manufacturers in 2020
9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change

Chapter 12 Global Wealth Management Software Market Forecast (2021-2028)
12.1 Global Wealth Management Software Production, Revenue Forecast (2021-2028)
12.2 Global Wealth Management Software Production, Consumption Forecast by Regions (2021-2028)
12.3 Global Wealth Management Software Production Forecast by Type (2021-2028)
12.4 Global Wealth Management Software Consumption Forecast by Application (2021-2028)
12.5 Wealth Management Software Price Forecast (2021-2028)

Chapter 13 Appendix