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India Wealth Management Market by Advisory Mode (Human Advisory, Robo Advisory & Hybrid), by Business Function (Financial Advice Management, Portfolio, & Others), by Deployment Mode, by Enterprise Size, by End-User Industry, Competition, Forecast & Opportunities, 2025

  • ID: 5105809
  • Report
  • June 2020
  • Region: India
  • 76 pages
  • TechSci Research
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The Indian Wealth Management Market is Expected to Grow at a CAGR of Around 11% During the Forecast Period.

FEATURED COMPANIES

  • Finacrest Wealth
  • Finantix
  • Fiserv India Pvt Ltd
  • Karvy Corporate
  • Temenos India Pvt Ltd
  • MORE
The Indian Wealth Management Market is expected to grow at a CAGR of around 11% during the forecast period. This can be majorly attributed to the growing adoption of innovative tools by the individuals to manage their finances. Moreover, rising high net worth individuals (HNWIs) population is further aiding the growth of the market. Additionally, increasing Internet penetration coupled with growing number of social media users, the demand for wealth management has intensified in India. The other factors like very large and young mass affluent segment, increase in the wealth of global Indians and rising share of the organized market players such as independent wealth advisors and small brokers/agents as financial advisors are further fuelling growth in the market. However, due to stringent regulatory issues along with the resistance to accept the technology might act as a major impediment to the market growth in the forthcoming years.

Based on advisory mode, the Indian Wealth Management Market is categorized into human advisory, robo advisory and hybrid. Among them, robo advisory mode is projected to witness high traction in the upcoming years as this mode is efficient, cost-effective, and secured. Furthermore, technological advancements such as machine learning and cognitive computing are further adding to the efficiency and improving the data-driven insights of the robo advisory mode and on the same hand reducing the operating costs for financial advisors. In terms of deployment, the market has been bifurcated into cloud and on-premise. The cloud deployment mode dominated the market until 2018 and is expected to remain the most preferred method of deploying wealth management tools throughout the forecast period as well which can be attributed to the benefits it offers such as reduced operating costs. Financial advisory firms based in the country, are anticipated to prefer wealth managing solutions deployed on the cloud. Additionally, the cloud-based deployment is advantageous in many other ways such as it provides an easy access to data coupled with flexible payment options, and this is witnessed to spur the growth of the segment over the forecast period.

The market players in the Indian Wealth Management Market are FIS Global Business Solutions India Pvt. Ltd., Fiserv India Pvt Ltd, Broadridge Financial Solution India Pvt. Ltd, Temenos India Pvt Ltd, SEI Technology Services India Private Limited, Finacrest Wealth, Finantix, Karvy Corporate and BNP Paribas Asset Management India Private Limited. The key players are investing more to develop new technologies in order to develop energy efficient transportation and increase their customer bases worldwide.

Years considered for this report:
  • Historical Years: 2015-2018
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Period: 2021–2025
Objective of the Study:
  • To analyze and forecast the market size of the Indian Wealth Management Market.
  • To forecast the Indian Wealth Management Market based on advisory mode, business function, deployment mode, enterprise size, end-user industry and regional distribution.
  • To identify drivers and challenges for the Indian Wealth Management Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Wealth Management Market.
  • To identify and analyze the profile of leading players operating in the Indian Wealth Management Market.
The author performed both primary as well as exhaustive secondary research for this study. Initially, the author sourced a list of wealth management service providers across the country. Subsequently, researchers conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the author could include the service providers which could not be identified due to the limitations of secondary research. The author analyzed the product types, application types and presence of all major wealth management service providers across the country.

The author calculated the Indian Wealth Management Market size by using a bottom-up approach, where the data for various end-user industries and its application across various product types were recorded and forecast for the future years. Researchers sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:
  • Wealth management service providers
  • Government bodies such as regulating authorities and policy makers
  • Industry associations
  • Organizations, forums and alliances related to wealth management market
  • Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product service providers, end-users etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:
In this report, the Indian Wealth Management Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

India Wealth Management Market, By Advisory Mode:
  • Human Advisory
  • Robo Advisory
  • Hybrid
India Wealth Management Market, By Business Function:
  • Financial Advice Management
  • Portfolio, Accounting & Trading Management
  • Performance Management
  • Risk and Compliance Management
  • Reporting
  • Others
India Wealth Management Market, By Deployment Mode:
  • On-premises
  • Cloud
India Wealth Management Market, By Enterprise Size:
  • Large Enterprises
  • Small & Medium Enterprises
India Wealth Management Market, By End-User Industry:
  • Investment Management Firms
  • Trading and Exchange Firms
  • Accounting Firm
  • HNWI
  • Pension & Sovereign Wealth Funds
  • Insurance Companies
  • Others
India Wealth Management Market, By Region:
  • North Region
  • West Region
  • East Region
  • South Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Indian Wealth Management Market.

Available Customizations:
With the given market data, the author offers customizations according to a client’s specific needs.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Finacrest Wealth
  • Finantix
  • Fiserv India Pvt Ltd
  • Karvy Corporate
  • Temenos India Pvt Ltd
  • MORE
1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on India Wealth Management Market

4. Executive Summary

5. Voice of Customer

6. India Wealth Management Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Advisory Mode (Human Advisory, Robo Advisory and Hybrid)
6.2.2. By Business Function (Financial Advice Management, Portfolio, Accounting & Trading Management, Performance Management, Risk & Compliance Management, Reporting and Others)
6.2.3. By Deployment Mode (On-premises, Cloud)
6.2.4. By Enterprise Size (Large Enterprises Vs Small & Medium Enterprises)
6.2.5. By End-User Industry (Investment Management Firms, Trading and Exchange Firms, Accounting Firm, HNWI, Pension & Sovereign Wealth Funds, Insurance Companies and Others)
6.2.6. By Region
6.2.7. By Company

7. India Investment Management Firms Wealth Management Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Advisory Mode
7.2.2. By Region
7.2.3. By Company

8. India Trading & Exchange Firm Wealth Management Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Advisory Mode
8.2.2. By Region
8.2.3. By Company

9. India Accounting Firm Wealth Management Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Advisory Mode
9.2.2. By Region
9.2.3. By Company

10. India Insurance Companies Wealth Management Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Advisory Mode
10.2.2. By Region
10.2.3. By Company

11. India Pension & Sovereign Wealth Funds Wealth Management Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Advisory Mode
11.2.2. By Region
11.2.3. By Company

12. Market Dynamics
12.1. Drivers
12.2. Challenges

13. Market Trends & Developments

14. Policy & Regulatory Landscape

15. India Economic Profile

16. Competitive Landscape
16.1. Competition Outlook
16.2. Company Profiles
16.2.1. FIS Global Business Solutions India Pvt. Ltd.
16.2.2. Fiserv India Pvt Ltd
16.2.3. Broadridge Financial Solution India Pvt. Ltd
16.2.4. Temenos India Pvt Ltd
16.2.5. SEI Technology Services India Private Limited
16.2.6. Finacrest Wealth
16.2.7. Finantix
16.2.8. Karvy Corporate
16.2.9. BNP Paribas Asset Management India Private Limited

17. Strategic Recommendations
Note: Product cover images may vary from those shown
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  • FIS Global Business Solutions India Pvt. Ltd.
  • Fiserv India Pvt Ltd
  • Broadridge Financial Solution India Pvt. Ltd
  • Temenos India Pvt Ltd
  • SEI Technology Services India Private Limited
  • Finacrest Wealth
  • Finantix
  • Karvy Corporate
  • BNP Paribas Asset Management India Private Limited
Note: Product cover images may vary from those shown
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