Dublin, Oct. 21, 2021 (GLOBE NEWSWIRE) -- The "Global WealthTech Solution Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution and Services), End User (Banks, Wealth Management Firms, and Others), Organization Size, and Deployment Mode" report has been added to ResearchAndMarkets.com's offering.
The global wealthtech solution market is expected to grow from US$ 54.62 million in 2021 to US$ 137.44 million by 2028; it is estimated to grow at a CAGR of 14.1% during 2021-2028.
WealthTech solutions assist clients in achieving their financial objectives. The solutions offer various benefits such as improved portfolio management, asset liquidity, cost transparency, and increased customer service. These benefits are driving the demand for WealthTech solutions. In addition, the solutions are utilized for wealth planning management, digitizing process/outsourcing automation, retirement savings, digital customer relationship management, and comprehensive financial data analysis. Strategic planning for integrated employer stock modelling, cash flows, sophisticated tax planning, strategic estate planning, and legacy planning can be done by using WealthTech products. All these advantages drive the growth of the wealthtech solution market.
The increasing adoption of automation solutions across industries is fueling the growth of the wealthtech solution market. By using Wealthtech solutions, small consulting companies and major banks can understand new generation client demands, such as tech-enabled financial solutions, automatic rebalancing, and portfolio building. Wealthtech's key players are focused on changing the sector by finding inefficiencies throughout the financial services value chain. However, the market growth is hampered by the high cost of wealthtech solutions and the lack of financial investing expertise, processes, resources, methodologies, and money.
Based on component, the wealthtech solution market is bifurcated into solution and services. In 2020, the solution segment led the market, accounting for a larger share in the market. By end user, the wealthtech solution market is segmented into banks, wealth management firms, and others. In 2020, the wealth management firms segment accounted for the largest market share. Based on organization size, the wealthtech solution market is bifurcated into large enterprises and small and medium-sized enterprises. In 2020, the large enterprises segment accounted for a larger market share. By deployment mode, the market is bifurcated into cloud-based and on-premises. In 2020, the cloud-based segment accounted for a larger market share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, North America accounted for a significant share in the global market.
According to latest situation report from the World Health Organization (WHO), the US, India, Spain, Austria, France, Germany, the UK, Switzerland, Turkey, Brazil, Iran, and China are among the worst affected countries due to the COVID-19 outbreak. The outbreak crisis is affecting the industries worldwide and the global economy witnessed worst hit in 2020 and it is continued in 2021 also. The outbreak has created significant disruptions in primary industries, such as food & beverage, medical, energy & power, electronics & semiconductor, petroleum, and chemicals. A sharp decline in the growth of mentioned industrial activities is impacting the growth of the global Wealthtech solution market as they are the major supply and demand sources for wealthtech solution products and solutions.
A few key companies operating in the wealthtech solution market are FinMason, Inc.; aixigo AG; InvestCloud, Inc.; WealthTechs Inc.; Valuefy Solutions Private Limited; 3rd-eyes analytics AG; BlackRock, Inc.; Synechron; Wealthfront Inc.; and InvestSuite.
Reasons to buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global wealthtech solution market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global wealthtech solution market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. WealthTech Solution 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 Asia-Pacific - PEST Analysis
4.2.4 Middle East and Africa - PEST Analysis
4.2.5 South America - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. WealthTech Solutions Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Demand for Financial Analytics Services
5.1.2 Growing Use of Artificial Intelligence in Different Verticals
5.2 Market Restraints
5.2.1 Security Concerns Associated with WealthTech Solutions
5.3 Market Opportunities
5.3.1 Increasing Number of Banks
5.4 Future Trends
5.4.1 Rising Demand for Cloud-Based Financial Analytics
5.5 Impact Analysis of Drivers and Restraints
6. WealthTech Solution Market - Global Analysis
6.1 WealthTech Solution Market Global Overview
6.2 WealthTech Solution Market - Global Revenue and Forecast to 2028 (US$ Billion)
6.3 Market Positioning - Five Key Players
7. WealthTech Solutions Market Analysis - By Component
7.1 Overview
7.2 WealthTech Solutions Market Breakdown, by Component, 2020 and 2028
7.3 Solution
7.3.1 Overview
7.3.2 Solution: WealthTech Solutions Market - Revenue and Forecast to 2028 (US$ Billion)
7.4 Services
7.4.1 Overview
7.4.2 Services: WealthTech Solutions Market - Revenue and Forecast to 2028 (US$ Billion)
8. WealthTech Solutions Market Analysis - By End User
8.1 Overview
8.2 WealthTech Solutions Market Breakdown, by End User, 2020 and 2028
8.3 Banks
8.3.1 Overview
8.3.2 Banks: WealthTech Solutions Market - Revenue and Forecast to 2028 (US$ Billion)
8.4 Wealth Management Firms
8.4.1 Overview
8.4.2 Wealth Management Firms: WealthTech Solutions Market - Revenue and Forecast to 2028 (US$ Billion)
8.5 Others
8.5.1 Overview
8.5.2 Others: WealthTech Solutions Market - Revenue and Forecast to 2028 (US$ Billion)
9. WealthTech Solutions Market Analysis - By Organization Size
9.1 Overview
9.2 WealthTech Solutions Market Breakdown, by Organization Size, 2020 and 2028
9.3 Large Enterprises
9.3.1 Overview
9.3.2 Large Enterprises: WealthTech Solutions Market - Revenue and Forecast to 2028 (US$ Billion)
9.4 Small and Medium-Sized Enterprises
9.4.1 Overview
9.4.2 Small and Medium-Sized Enterprises: WealthTech Solutions Market - Revenue and Forecast to 2028 (US$ Billion)
10. WealthTech Solutions Market Analysis - By Deployment Mode
10.1 Overview
10.2 WealthTech Solutions Market Breakdown, by Deployment Mode, 2020 and 2028
10.3 Cloud-Based
10.3.1 Overview
10.3.2 Cloud-Based: WealthTech Solutions Market - Revenue and Forecast to 2028 (US$ Billion)
10.4 On-Premises
10.4.1 Overview
10.4.2 On-Premises: WealthTech Solutions Market - Revenue and Forecast to 2028 (US$ Billion)
11. WealthTech Solution Market - Geographic Analysis
12. WealthTech Solution Market- COVID-19 Impact Analysis
12.1 Overview
12.2 North America
12.3 Europe
12.4 Asia Pacific
12.5 Middle East and Africa
12.6 South America
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
13.4 New Development
14. Company Profiles
14.1 FinMason, Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 aixigo AG
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 InvestCloud
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 WealthTechs Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Valuefy
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 BlackRock, Inc.
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Synechron
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Wealthfront Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 InvestSuite
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 3rd Eyes Analytics
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
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