Global WealthTech Solutions Market to Reach $18.6 Billion by 2031: Allied Market Research
Rise in use of AI-based assistance in banks, wealth management firms, and investment firms to boost the global wealthtech solutions market trends. In addition, the pandemic also led to a severe financial crises for consumers resulting in the postponement of their wealth management plans, thereby severely affecting the growth of the market across the globe. Region-wise, the North American region held the major market share in 2021.
Portland, OR, Nov. 10, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global wealthtech solutions market generated $4.8 billion in 2021, and is projected to reach $18.6 billion by 2031, growing at a CAGR of 14.8% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report coverage & details:
Report Coverage | Details |
Forecast Period | 2022–2031 |
Base Year | 2021 |
Market Size in 2021 | $4.8 billion |
Market Size in 2031 | $18.6 billion |
CAGR | 14.8% |
No. of Pages in Report | 215 |
Segments Covered | Component, Deployment Mode, Enterprise Size, End User, and Region. |
Drivers | Adoption of new advisor technology. |
WealthTech solutions have capabilities such as machine learning capabilities, financial data analytics capabilities, and portfolio rebalancing capabilities. | |
Rise in use of AI-based assistance in banks, wealth management firms, and investment firms. | |
Opportunities | Massive implementation of automation solutions in various sectors. |
Surge in demand for predictive analytics. | |
Restraints | Privacy and security issues have evolved as major industry problems with extensive customer data flow. |
COVID-19 Scenario:
- The outbreak of the COVID-19 pandemic had negatively impacted the growth of the global wealthtech solutions market, owing to huge losses incurred by firms due to business interruptions in various industry verticals due to lockdowns worldwide.
- Moroever, lockdowns during the COVID-19 pandemic led to a rise in non-performing assets and credit loss, thereby impacting the growth of the global market during the pandemic period.
- Job and economic insecurities among people during the COVID-19 pandemic resulted in a decline in the demand for wealthtech solutions.
- The pandemic also led to a severe financial crises for consumers, resulting in the postponement of their wealth management plans, thereby severely affecting the growth of the market across the globe.
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The report offers a detailed segmentation of the global wealthtech solutions market based on component, deployment mode, enterprise size, end user, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest-growing segments and highest revenue generation that is mentioned in the report.
Based on deployment mode, the on-premise segment held the major market share in 2021, holding nearly three-fifths of the global wealthtech solutions market share. However, the cloud segment is expected to dominate the global market share during the forecast period. Apart from this, the same segment, is expected to cite the fastest CAGR of 17.3% during the forecast period.
On the basis of enterprise size, the large enterprises segment held the largest market share in 2021, accounting for two-thirds of the global wealthtech solutions market share, and is expected to maintain its leadership status during the forecast period. Nevertheless, the small and medium-sized enterprises segment is expected to cite the highest CAGR of 17.4% during the forecast period.
In terms of end user, the wealth management firms segment held the major market share in 2021, contributing to nearly three-fifths of the global wealthtech solutions market share. Moreover, the same segment is expected to maintain its leadership position during the forecasted timeframe. However, the others segment is anticipated to cite the fastest CAGR of 18.4% during the forecast period.
Region-wise, the North American region held the major market share in 2021, holding nearly two-fifths of the global wealthtech solutions market share. However, the Asia-Pacific market is expected to maintain its leadership status and cite the fastest CAGR of 18.0% during the forecast period. The report also analyses other regions such as Europe and LAMEA.
The key players analyzed in the global wealthtech solutions market report include 3rd-eyes Anaytics AG, aixigo AG, BlackRock, Inc., BME inntech, InvestCloud, Inc., InvestSuite, Synechron Inc., Valuefy Solutions, Wealthfront Corporation, and WealthTechs, Inc.
The report analyzes these key players in the global wealthtech solutions market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance, and operating segments by prominent players in the market.
Key benefits for stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the WealthTech solutions market forecast from 2021 to 2031 to identify the prevailing WealthTech solutions market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the WealthTech solutions market outlook segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global WealthTech solutions market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
Deployment Mode
- Cloud
- On-Premise
- Large Enterprises
- Small and Medium-sized Enterprises
End User
- Banks
- Wealth Management Firms
- Others
Component
- Solution
- Service
By Region
- North America (U.S., Canada)
- Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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