Wealth Management Software Market Opportunities and Strategies to 2030

The global wealth management software market size was valued at USD 3.70 billion in 2020, and is predicted to be worth around USD 11.78 billion by 2030, registering a CAGR of 13.8% during the forecast period 2022 to 2030.

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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 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.

Report Coverage

Report Scope Details
Market Size US$ 11.78 billion by 2030
Growth Rate CAGR of 13.8% From 2022 to 2030
Largest Market North America
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Advisory Mode, Deployment, Enterprise Size, Application, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
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

By Advisory Mode Analysis

The human advisory mode segment dominated the market in 2021 and accounted for the largest share of 58.0% of the global revenue. Human advisory remains the first preference for several HNWIs across the globe owing to security concerns.

The robo advisory segment is anticipated to register the fastest CAGR over the forecast period. Robo advisors tend to be highly accurate, efficient, and more accessible as compared to other modes.

Various factors, such as the intensifying competition, evolving client requirements, and rapidly changing market dynamics, are also expected to create new growth opportunities for the robo advisory segment.

By Deployment Analysis

The cloud segment dominated the market in 2021 and accounted for the maximum share of more than 56.0% of the global revenue. The segment is estimated to expand further at the fastest CAGR retaining the leading position throughout the forecast period.

Financial advisory firms across the globe are also focusing on adopting cloud-based solutions as part of their efforts to reduce operational costs. The on-premise segment is anticipated to witness significant growth over the forecast period.

By Enterprise Size Analysis

The large enterprises segment dominated the market in 2021 and accounted for the highest revenue share of more than 58.3%. On the basis of enterprise size, the global market has been bifurcated into large enterprises and Small & Medium Enterprises (SMEs).

Large enterprises across the globe are focusing on implementing new technical functionalities, and storage and processing technologies. Moreover, computing resources are getting more reliable, cheaper, and widely deployable.

Large enterprises are also focusing on adopting cloud-based wealth management solutions to help in managing the digital assets, accounting operations, and funds of their clients.

The growing demand for wealth monitoring software by SMEs to effectively meet the regulatory requirements and to condense the asset monitoring costs is anticipated to drive the growth of the segment. The growing number of small & medium enterprises in emerging economies is also driving the demand for wealth management solutions.

By Application Analysis

The portfolio, accounting, & trading management segment dominated the market in 2021 and accounted for a revenue share of more than 23.0%.At a time when the demand for portfolio management and trading solutions is increasing; portfolio, accounting, & trading management solutions are allowing trading managers to concentrate on collaborative activities and serve their customers in a better manner.

Wealth managers are also using portfolio, accounting, & trading management platforms to handle the financial data of their clients and effectively support them with the most profitable decision-making.

Several businesses across the globe are focusing on accelerating digitization, increasing operational efficiency, and strengthening client relationships, which is expected to propel the adoption of financial advice & management solutions across various end-use industries.

By End-use Analysis

The banks segment dominated the market in 2021 and accounted for a revenue share of more than 28.5%. As the global economy continues to strengthen gradually, banks are anticipated to play a key role in managing the growing assets and wealth of individuals.

Numerous wealth management software providers are focusing on providing end-to-end wealth management and processing solutions to cater to the evolving needs of banks, drive efficiency throughout banks’ business, and help banks in operating seamlessly in global markets.

The trading & exchange firms segment is anticipated to register the fastest CAGR over the forecast period. The evolving technological capabilities of wealth management solutions are expected to open new opportunities for the adoption of wealth management software for trading & exchange purposes.

By Regional Analysis

North America dominated the market in 2021 and accounted for a revenue share of more than 36.0%. 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 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.

Key Players

  • 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

Market Segmentation

  • By Advisory Mode
    • Human Advisory
    • Robo Advisory
    • Hybrid
  • By Deployment
    • Cloud
    • On-premise
  • By Enterprise Size
    • Large Enterprises
    • Small & Medium Enterprises
  • By Application
    • Financial Advice & Management
    • Portfolio, Accounting, & Trading Management
    • Performance Management
    • Risk & Compliance Management
    • Reporting
    • Others
  • By End-use
    • Banks
    • Investment Management Firms
    • Trading & Exchange Firms
    • Brokerage Firms
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

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

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