Wealth Management Software Market Size, Share | Research Report [2030]
The global Wealth Management Software market gathered revenue around USD 3.90 billion in 2021 and market is set to grow USD 13.9 billion by the end of 2030 and is estimated to expand at a modest CAGR of 14.1% during the prediction period 2022 to 2030.
Growth Factors:
The growth of the market can be attributed to the increasing demand for wealth management software from financial advisors to effectively understand the needs of their clients and streamline the financial management of their clients accordingly. The widening scope of wealth management software to cover everything from accounting and investment management to estate planning and retirement planning bodes well for the growth of the market. Advances in technology and the growing adoption of the latest technologies for wealth management are expected to intensify the competition between traditional and non-traditional firms.
Several wealth management firms across the globe are using Artificial Intelligence (AI)-based applications to offer personalized solutions to their clients. Businesses are particularly adopting predictive analytics tools based on AI and Machine Learning (ML) to analyze the large volumes of data related to investments and forecast future trends. The increasing number of High-Net-Worth Individuals (HNWIs) across the globe is expected to play a niche role in driving product adoption over the forecast period. HNWIs require various services, including investment management services, tax advice, billing services, and portfolio management services, among others.
Wealth management solutions can potentially help wealth and investment management firms in reducing the manual processes while enhancing investment management for HNWIs. The outbreak of the COVID-19 pandemic is expected to open new growth opportunities for the market over the forecast period. Several businesses and individuals are approaching wealth management service providers to seek investment advice and plan their investments appropriately in the wake of the outbreak of the pandemic. As such, market players are responding to the changing requirements of their clients and diversifying their solutions and services to manage the accounting, estate planning, investment planning, and retirement planning of their clients.
The robo advisory segment is expected to witness the fastest CAGR over the forecast period due to the growing adoption of the robo advisory platform to automate portfolio creation based on the income, risk parameters, and other facets of a client’s investment mandate. Robo advisory platform also offers a cost-effective alternative to human advisory services, thereby contributing to the growth of the segment. Several businesses across the globe are focusing on deploying cloud-based solutions to ensure easy access to data and deliver personalized services to their clients. Cloud-based solutions provide several benefits, such as flexibility in payments, reduction in operational costs, and scalability of the system, among others.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Wealth Management Software market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Wealth Management Software market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 13.9 billion by 2030 |
| Growth Rate | CAGR of 14.1% From 2022 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Advisory mode, deployment, enterprise size, application, end-use, region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | 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. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Wealth Management Software market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Regional Insights
North America dominated the market in 2021 and accounted for a revenue share of more than 36.4%. The number of HNWIs in the region is growing continuously. These HNWIs are increasingly subscribing to advanced financial advisory solutions. North America is also home to some of the prominent market players. The increasing digitalization across the financial sector in several North American countries is another factor accentuating the growth of the regional market. Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period.
The region typically holds promising growth opportunities for robo advisors owing to the increasing adoption of digital platforms. The combination of innovative analytics and advanced algorithms is encouraging techno-savvy customers to opt for robo advisory tools to efficiently meet their investment requirements. Furthermore, the increasing number of SMEs in emerging economies, such as China and India, is expected to create growth opportunities for the market. In addition, the latest IT infrastructure being adopted by SMEs in the region is expected to drive the demand for digital financial services to enhance their business capabilities.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Wealth Management Software Market include: 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
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Wealth Management Software market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Wealth Management Software market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Wealth Management Software markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Wealth Management Software Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Wealth Management Software Market, By Advisory Mode
7.1. Wealth Management Software Market, by Advisory Mode, 2021-2030
7.1.1. Human Advisory
7.1.1.1. Market Revenue and Forecast (2019-2030)
7.1.2. Robo Advisory
7.1.2.1. Market Revenue and Forecast (2019-2030)
7.1.3. Hybrid
7.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 8. Global Wealth Management Software Market, By Deployment
8.1. Wealth Management Software Market, by Deployment, 2021-2030
8.1.1. Cloud
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. On-premise
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Wealth Management Software Market, By Enterprise Size
9.1. Wealth Management Software Market, by Enterprise Size, 2021-2030
9.1.1. Large Enterprises
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Small & Medium Enterprises
9.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Wealth Management Software Market, By Application
10.1. Wealth Management Software Market, by Application, 2021-2030
10.1.1. Financial Advice & Management
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Portfolio, Accounting, & Trading Management
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Performance Management
10.1.3.1. Market Revenue and Forecast (2019-2030)
10.1.4. Risk & Compliance Management
10.1.4.1. Market Revenue and Forecast (2019-2030)
10.1.5. Reporting
10.1.5.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Wealth Management Software Market, By End-use
11.1. Wealth Management Software Market, by End-use, 2021-2030
11.1.1. Banks
11.1.1.1. Market Revenue and Forecast (2019-2030)
11.1.2. Investment Management Firms
11.1.2.1. Market Revenue and Forecast (2019-2030)
11.1.3. Trading & Exchange Firms
11.1.3.1. Market Revenue and Forecast (2019-2030)
11.1.4. Brokerage Firms
11.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 12. Global Wealth Management Software Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.1.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.1.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.1.4. Market Revenue and Forecast, by Application (2019-2030)
12.1.5. Market Revenue and Forecast, by End-use (2019-2030)
12.1.6. U.S.
12.1.6.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.1.6.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.1.6.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.1.6.4. Market Revenue and Forecast, by Application (2019-2030)
12.1.6.5. Market Revenue and Forecast, by End-use (2019-2030)
12.1.7. Rest of North America
12.1.7.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.1.7.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.1.7.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.1.7.4. Market Revenue and Forecast, by Application (2019-2030)
12.1.7.5. Market Revenue and Forecast, by End-use (2019-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.2.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.2.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.2.4. Market Revenue and Forecast, by Application (2019-2030)
12.2.5. Market Revenue and Forecast, by End-use (2019-2030)
12.2.6. UK
12.2.6.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.2.6.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.2.6.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.2.6.4. Market Revenue and Forecast, by Application (2019-2030)
12.2.6.5. Market Revenue and Forecast, by End-use (2019-2030)
12.2.7. Germany
12.2.7.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.2.7.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.2.7.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.2.7.4. Market Revenue and Forecast, by Application (2019-2030)
12.2.7.5. Market Revenue and Forecast, by End-use (2019-2030)
12.2.8. France
12.2.8.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.2.8.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.2.8.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.2.8.4. Market Revenue and Forecast, by Application (2019-2030)
12.2.8.5. Market Revenue and Forecast, by End-use (2019-2030)
12.2.9. Rest of Europe
12.2.9.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.2.9.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.2.9.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.2.9.4. Market Revenue and Forecast, by Application (2019-2030)
12.2.9.5. Market Revenue and Forecast, by End-use (2019-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.3.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.3.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.3.4. Market Revenue and Forecast, by Application (2019-2030)
12.3.5. Market Revenue and Forecast, by End-use (2019-2030)
12.3.6. India
12.3.6.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.3.6.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.3.6.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.3.6.4. Market Revenue and Forecast, by Application (2019-2030)
12.3.6.5. Market Revenue and Forecast, by End-use (2019-2030)
12.3.7. China
12.3.7.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.3.7.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.3.7.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.3.7.4. Market Revenue and Forecast, by Application (2019-2030)
12.3.7.5. Market Revenue and Forecast, by End-use (2019-2030)
12.3.8. Japan
12.3.8.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.3.8.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.3.8.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.3.8.4. Market Revenue and Forecast, by Application (2019-2030)
12.3.8.5. Market Revenue and Forecast, by End-use (2019-2030)
12.3.9. Rest of APAC
12.3.9.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.3.9.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.3.9.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.3.9.4. Market Revenue and Forecast, by Application (2019-2030)
12.3.9.5. Market Revenue and Forecast, by End-use (2019-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.4.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.4.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.4.4. Market Revenue and Forecast, by Application (2019-2030)
12.4.5. Market Revenue and Forecast, by End-use (2019-2030)
12.4.6. GCC
12.4.6.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.4.6.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.4.6.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.4.6.4. Market Revenue and Forecast, by Application (2019-2030)
12.4.6.5. Market Revenue and Forecast, by End-use (2019-2030)
12.4.7. North Africa
12.4.7.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.4.7.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.4.7.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.4.7.4. Market Revenue and Forecast, by Application (2019-2030)
12.4.7.5. Market Revenue and Forecast, by End-use (2019-2030)
12.4.8. South Africa
12.4.8.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.4.8.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.4.8.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.4.8.4. Market Revenue and Forecast, by Application (2019-2030)
12.4.8.5. Market Revenue and Forecast, by End-use (2019-2030)
12.4.9. Rest of MEA
12.4.9.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.4.9.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.4.9.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.4.9.4. Market Revenue and Forecast, by Application (2019-2030)
12.4.9.5. Market Revenue and Forecast, by End-use (2019-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.5.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.5.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.5.4. Market Revenue and Forecast, by Application (2019-2030)
12.5.5. Market Revenue and Forecast, by End-use (2019-2030)
12.5.6. Brazil
12.5.6.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.5.6.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.5.6.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.5.6.4. Market Revenue and Forecast, by Application (2019-2030)
12.5.6.5. Market Revenue and Forecast, by End-use (2019-2030)
12.5.7. Rest of LATAM
12.5.7.1. Market Revenue and Forecast, by Advisory Mode (2019-2030)
12.5.7.2. Market Revenue and Forecast, by Deployment (2019-2030)
12.5.7.3. Market Revenue and Forecast, by Enterprise Size (2019-2030)
12.5.7.4. Market Revenue and Forecast, by Application (2019-2030)
12.5.7.5. Market Revenue and Forecast, by End-use (2019-2030)
Chapter 13. Company Profiles
13.1. Comarch SA
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Dorsum Ltd.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Fidelity National Information Services, Inc.
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Finantix
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Fiserv, Inc.
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Objectway S.p.A.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Profile Software
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. SEI Investments Company
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. SS&C Technologies Holdings, Inc.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Temenos Headquarters SA
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers