WealthTech solutions assist clients in achieving their financial objectives such as stock modeling, cash flows, complicated tax planning, strategic estate planning, and legacy planning. These solutions offer various benefits such as improved portfolio management, asset liquidity, cost transparency, and increase in customer service. In addition, WealthTech solutions provide various advantages such as more efficient portfolio management, improved liquidity of assets, cost transparency, and enhanced customer service.
Rise in adoption of automation solutions across industries fuels growth of the WealthTech solution market. In addition, surge in demand for financial analytics services and growing use of technologies in WealthTech management is driving the growth of the market. Therefore, these are some of the factors propel growth of the WealthTech solution market. However, the market growth is hampered by high cost of WealthTech solutions and the emerged privacy and security concerns due to the extensive flow of customer data. On the contrary, rise in demand for predictive analytics technology fuels growth of the WealthTech solution market.
The WealthTech solution market is segmented on the basis of component, deployment mode, enterprise size, end user, and region. By component, it is segmented into solution ad service. By deployment mode, it is bifurcated into on-premise and cloud. By enterprise size, it is segregated into large enterprises and small & medium-sized enterprises. On the basis of end user, it is segmented into banks, wealth management firms, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the WealthTech solution market such as 3rd eyes Anaytics, Aixigo AG, BlackRock, Inc., BME inntech, InvestCloud, Inc., InvestSuite, Synechron, Valuefy, Wealthfront Corporation., and WealthTechs Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the WealthTech solution market.
Rise in adoption of automation solutions across industries fuels growth of the WealthTech solution market. In addition, surge in demand for financial analytics services and growing use of technologies in WealthTech management is driving the growth of the market. Therefore, these are some of the factors propel growth of the WealthTech solution market. However, the market growth is hampered by high cost of WealthTech solutions and the emerged privacy and security concerns due to the extensive flow of customer data. On the contrary, rise in demand for predictive analytics technology fuels growth of the WealthTech solution market.
The WealthTech solution market is segmented on the basis of component, deployment mode, enterprise size, end user, and region. By component, it is segmented into solution ad service. By deployment mode, it is bifurcated into on-premise and cloud. By enterprise size, it is segregated into large enterprises and small & medium-sized enterprises. On the basis of end user, it is segmented into banks, wealth management firms, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the WealthTech solution market such as 3rd eyes Anaytics, Aixigo AG, BlackRock, Inc., BME inntech, InvestCloud, Inc., InvestSuite, Synechron, Valuefy, Wealthfront Corporation., and WealthTechs Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the WealthTech solution 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 analysis from 2021 to 2031 to identify the prevailing wealthtech solutions market opportunities.
- 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 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.
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- Investment Opportunities
- Market share analysis of players by products/segments
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Component
- Solution
- Service
By Deployment Mode
- On-Premise
- Cloud
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
By End User
- Banks
- Wealth Management Firms
- Others
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
- Key Market Players
- InvestSuite
- Aixigo AG
- BlackRock, Inc.
- Wealthfront Corporation.
- BME inntech
- InvestCloud, Inc.
- Valuefy
- 3rd-eyes analytics
- WealthTechs Inc.
- Synechron
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: WEALTHTECH SOLUTIONS MARKET, BY COMPONENT
CHAPTER 5: WEALTHTECH SOLUTIONS MARKET, BY DEPLOYMENT MODE
CHAPTER 6: WEALTHTECH SOLUTIONS MARKET, BY ENTERPRISE SIZE
CHAPTER 7: WEALTHTECH SOLUTIONS MARKET, BY END USER
CHAPTER 8: WEALTHTECH SOLUTIONS MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the wealthtech solutions market was valued at $4.8 billion in 2021, and is estimated to reach $18.6 billion by 2031, growing at a CAGR of 14.8% from 2022 to 2031.The WealthTech solution market is likely to experience a significant growth rate of 14.8% from 2022-2031 owing to increasing market demand from banking sector
WealthTech, also known as digital wealth management, refers to the use of technology to enhance and automate the process of managing wealth. This includes a range of services, such as investment management, financial planning, and portfolio management, as well as services that help to improve the overall customer experience, such as robo-advisory, financial education, and goal-based planning. WealthTech companies utilize technology such as big data, artificial intelligence, and machine learning to improve the efficiency and accuracy of their services and to provide customers with more personalized and tailored solutions. Moreover, the main goal of WealthTech is to democratize access to wealth management services and make them more accessible to a wider range of customers, regardless of their level of wealth or financial knowledge. They also aim to provide a more efficient, transparent and cost-effective service than traditional wealth management services. Furthermore, wealthTech companies can include startups and fintechs, as well as traditional financial institutions that are looking to adopt new technologies to improve their wealth management services. This can include online investment platforms, robo-advisors, and digital wealth management platforms, which provide customers with a range of tools and services to help them manage their wealth more effectively.Key factors driving the growth of the WealthTech solution market include factors such as the growing use of smartphones and internet connectivity has led to an increase in the adoption of digital platforms for financial services, including WealthTech solutions. In addition, investors are increasingly looking for low-cost and convenient solutions for managing their wealth, which has led to a growing demand for WealthTech solutions. Furthermore, as more customers become aware of the benefits of technology-enabled wealth management, such as improved efficiency and personalization, the demand for WealthTech solutions is likely to increase. Moreover, government regulations are supporting the growth of the WealthTech market by encouraging the adoption of digital platforms and technology-enabled solutions. In addition, advancements in technology such as big data, artificial intelligence, and machine learning are enabling WealthTech companies to improve the efficiency and accuracy of their services, which is driving the growth of the market. However, some customers may be hesitant to use WealthTech solutions due to a lack of trust and understanding of the technology, which can make it difficult for companies to encourage widespread adoption of their services. Furthermore, limited availability of high-speed internet in certain regions can be a restraint for the WealthTech solution market. In addition, lack of proper regulatory oversight can be a restraint for the WealthTech solution market, as it may discourage investors from using these platforms. Moreover, limited availability of high-speed internet in certain regions can be a restraint for the WealthTech solution market.
The market also offers growth opportunities to the key players in the market with the use of AI and machine learning can help to improve the efficiency and accuracy of WealthTech solutions, providing opportunities for growth in this market. Furthermore, the development of new services such as virtual financial counseling or goal-based planning can provide additional opportunities for growth in the WealthTech solution market. In addition, the growing demand for environmentally, socially, and governance (ESG) investing can provide opportunities for WealthTech companies that offer socially responsible investment options. Moreover, WealthTech companies can explore partnerships and collaborations with traditional financial institutions to expand their reach and credibility. Thus, these factors are expected to offer lucrative growth opportunities for the WealthTech solution market in the upcoming years.
The WealthTech solution market is segmented on the basis of component, deployment mode, enterprise size, and end user. By component, it is segmented into solution ad service. By deployment mode, it is bifurcated into on-premise and cloud. Based on enterprise size, it is segregated into large enterprises and small & medium-sized enterprises. On the basis of end user, it is segmented into banks, wealth management firms and others. By region, it is analysed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the WealthTech solution market such as 3rd eyes Anaytics, Aixigo AG, BlackRock, Inc., BME inntech, InvestCloud, Inc., InvestSuite, Synechron, Valuefy, Wealthfront Corporation. And WealthTechs Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the WealthTech solution market.
Key Market Insights
By component, the solution segment led the WealthTech solution market in terms of revenue in 2021.By deployment mode, the on-premise segment accounted for the highest WealthTech solution market share in 2021.
By enterprise size, the large enterprise segment accounted for the highest WealthTech solution market share in 2021.
By end user, the wealth management firms segment accounted for the highest WealthTech solution market share in 2021.
By region, North America generated the highest revenue in 2021.
Companies Mentioned
- InvestSuite
- Aixigo AG
- BlackRock, Inc.
- Wealthfront Corporation.
- BME inntech
- InvestCloud, Inc.
- Valuefy
- 3rd-eyes analytics
- WealthTechs Inc.
- Synechron
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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