San Francisco, 3 April 2019: The Report 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.
Access Research Report of Wealth
Management Software Market @ https://www.grandviewresearch.com/industry-analysis/wealth-management-software-market
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.
Browse more reports of this 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
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Wealth Management Software Market@ 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.
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