San Francisco, 04 April , Wealth Management Software Market Size,
Share & Trends Analysis Report By Advisory Mode (Human, Robo), By
Deployment (Cloud, On-premise), By Enterprise Size, By End Use, By Application,
And Segment Forecasts, 2019 – 2025
The global wealth management software market size is expected to reach USD 5.80
billion by 2025, registering a CAGR of 15.3% from 2019 to 2025, according to a
new study conducted by Grand View Research, Inc. Growing need for digital tools
that can automate the wealth management process is expected to drive the global
market over the forecast period. Banks, trading houses, brokerage firms, forex
traders, and asset management firms are some of the major end users of wealth
management software. Apart from being cost-effective, these platforms can
benefit end users by helping in wealth management and workflow automation.
These platforms can also enhance digital engagement by providing omnichannel
access and an open architecture, which can integrate seamlessly across various
wealth management applications.
Such
benefits bode well for the market growth. Wealth management software can also
serve as advisory tools that ensure compliance with local and international
regulatory requirements, help in tracking the market, and capture the
investment opportunities for the users. Such capabilities are expected to drive
their demand further. A wealth management software can typically provide the
infrastructure necessary to support all the processes and operations asset
managers have to undertake. Moreover, advances in technology are allowing
financial advisors to introduce chatbots, intuitive client portals, biometrics,
and enhanced mobile apps as part of the efforts to improve the customer
experience as well as to attract new clients.
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Research Report On Wealth Management Software Market Analysis:
Further key findings from the study suggest:
·
Robo advisory mode is
anticipated to record the highest CAGR of 16.0% from 2019 to 2025 as it is
cost-effective and can potentially help investors by providing information on
assets in real time
·
The cloud segment is expected
to emerge as the largest segment over the forecast period as cloud-based
deployment helps in minimizing the operational costs and ensures easy access to
the data
·
The financial advice and
management segment is anticipated to expand at the highest CAGR of 16.0% from
2019 to 2025 due to growing demand for tools to manage finances
·
The trading and exchange firms
segment is anticipated to reach USD 1.01 billion by 2025 as individuals are
increasingly investing in equity and forex to augment their financial gains
·
North America is expected to be
the dominant market over the forecast period and is anticipated to reach USD
2.09 billion by 2025 as advisory firms in the region are increasingly adopting
wealth management software
·
Some of the key industry
participants include Fiserv, Inc.; Temenos Headquarters SA; Fidelity National
Information Services, Inc.; Profile Software; SS&C Technologies Holdings,
Inc.; SEI Investments Company; Finantix, Comarch SA; Objectway S.p.A.; and
Dorsum Ltd.
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Category By Grand View Research At: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has
segmented the global wealth management software market on the basis of advisory
mode, deployment, application, end use, and region:
Wealth
Management Software Advisory Mode Outlook (Revenue, USD Billion, 2014 - 2025)
·
Human Advisory
·
Robo Advisory
·
Hybrid
Wealth
Management Software Deployment Outlook (Revenue, USD Billion, 2014 - 2025)
·
Cloud
·
On-premise
Wealth
Management Software Application Outlook (Revenue, USD Billion, 2014 - 2025)
·
Financial Advice &
Management
·
Portfolio, Accounting, &
Trading Management
·
Performance Management
·
Risk & Compliance
Management
·
Reporting
·
Others
Wealth
Management Software Enterprise Size Outlook (Revenue, USD Billion, 2014 - 2025)
·
Large Enterprises
·
Small & Medium Enterprises
(SMEs)
Wealth
Management Software End Use Outlook (Revenue, USD Billion, 2014 - 2025)
·
Banks
·
Investment Management Firms
·
Trading & Exchange Firms
·
Brokerage Firms
·
Others
Wealth
Management Software Regional Outlook (Revenue, USD Billion, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
·
Middle East & Africa
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Press Release of this Report: https://www.grandviewresearch.com/press-release/global-wealth-management-software-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more
information: www.grandviewresearch.com/
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