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Wealth Management Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

June 2023 | 138 pages | ID: W17495B898DDEN
IMARC Group

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The global wealth management platform market size reached US$ 4.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.3 Billion by 2028, exhibiting a growth rate (CAGR) of 12.7% during 2023-2028.

A wealth management platform is a software deployed for planning, analyzing, monitoring, and controlling specialized financial services. It is widely used as an investment advisory service that combines other financial services to address the needs of affluent clients. It includes financial goal planning, legal and tax advice, estate planning, complete wealth overview, personal retail banking services, portfolio management capabilities, and investment management services. These platforms are widely used by enterprises to streamline operations, deliver consistent advice across channels, and manage multiple and complex investment programs from one solution. Wealth management platforms aid in reducing manual processes, errors, risk, financial stress, complexities, improving investment decisions, creativity, production cycles, and cost-effectiveness. As a result, it is widely used in banks, brokerage, investment management and trading firms.

Wealth Management Platform Market Trends:
Increasing digitalization across the globe is creating a positive outlook for the market. The wealth management platform assists businesses to gain insights and enhance decision-making to improve profitability and efficiency. Additionally, the widespread product adoption in trading and exchange firms to manage multiple clients efficiently, understand the process of financial portfolio, and access trading accounts is favoring the market growth. Moreover, various technological advancements, such as the introduction of digital wealth management platforms, to provide financial firms with the latest integrated tools and data-driven analytics are providing an impetus to the market growth. In line with this, the integration of artificial intelligence (AI) to efficiently track expenditure, identify investment preferences, and provide personalized and curated advice for the clients is positively impacting the market growth. Apart from this, the rising disposable incomes, particularly in emerging economies, and the implementation of various stringent government compliances related to the financial sector are anticipated to drive the market toward growth further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wealth management platform market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on advisory model, deployment mode, business function, enterprise size and end use industry.

Breakup by Advisory Model:

Hybrid
Robo Advisory
Human Advisory

Breakup by Deployment Mode:

On-premises
Cloud-based

Breakup by Business Function:

Reporting
Performance Management
Financial Advice Management
Risk and Compliance Management
Portfolio, Accounting and Trading Management
Others

Breakup by Enterprise Size:

Large Enterprises
Small and Medium-sized Enterprises

Breakup by End Use Industry:

Banks
Brokerage Firms
Investment Management Firms
Trading and Exchange Firms
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Avaloq (NEC Corporation), Backbase, Broadridge Financial Solutions Inc., Comarch SA, Crealogix AG, Fidelity National Information Services Inc., Fiserv Inc., Infosys Limited, Profile Systems and Software S.A., Prometeia S.p.A, SEI Investments Company, SS&C Technologies Inc., Tata Consultancy Services Limited and Temenos Headquarters SA.

Key Questions Answered in This Report

1. What was the size of the global wealth management platform market in 2022?
2. What is the expected growth rate of the global wealth management platform market during 2023-2028?
3. What are the key factors driving the global wealth management platform market?
4. What has been the impact of COVID-19 on the global wealth management platform market?
5. What is the breakup of the global wealth management platform market based on the advisory model?
6. What is the breakup of the global wealth management platform market based on the deployment mode?
7. What is the breakup of the global wealth management platform market based on end use industry?
8. What are the key regions in the global wealth management platform market?
9. Who are the key players/companies in the global wealth management platform market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL WEALTH MANAGEMENT PLATFORM MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY ADVISORY MODEL

6.1 Hybrid
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Robo Advisory
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Human Advisory
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY DEPLOYMENT MODE

7.1 On-premises
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Cloud-based
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY BUSINESS FUNCTION

8.1 Reporting
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Performance Management
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Financial Advice Management
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Risk and Compliance Management
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Portfolio, Accounting and Trading Management
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6 Others
  8.6.1 Market Trends
  8.6.2 Market Forecast

9 MARKET BREAKUP BY ENTERPRISE SIZE

9.1 Large Enterprises
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Small and Medium-sized Enterprises
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY END USE INDUSTRY

10.1 Banks
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Brokerage Firms
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Investment Management Firms
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Trading and Exchange Firms
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Others
  10.5.1 Market Trends
  10.5.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Avaloq (NEC Corporation)
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
  16.3.2 Backbase
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
  16.3.3 Broadridge Financial Solutions Inc.
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
    16.3.3.3 Financials
    16.3.3.4 SWOT Analysis
  16.3.4 Comarch SA
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
    16.3.4.3 Financials
  16.3.5 Crealogix AG
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
  16.3.6 Fidelity National Information Services Inc.
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
    16.3.6.3 Financials
    16.3.6.4 SWOT Analysis
  16.3.7 Fiserv Inc.
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
    16.3.7.3 Financials
    16.3.7.4 SWOT Analysis
  16.3.8 Infosys Limited
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 Financials
    16.3.8.4 SWOT Analysis
  16.3.9 Profile Systems and Software S.A.
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
    16.3.9.3 Financials
  16.3.10 Prometeia S.p.A
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
  16.3.11 SEI Investments Company
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio
    16.3.11.3 Financials
    16.3.11.4 SWOT Analysis
  16.3.12 SS&C Technologies Inc.
    16.3.12.1 Company Overview
    16.3.12.2 Product Portfolio
    16.3.12.3 Financials
    16.3.12.4 SWOT Analysis
  16.3.13 Tata Consultancy Services Limited
    16.3.13.1 Company Overview
    16.3.13.2 Product Portfolio
    16.3.13.3 Financials
    16.3.13.4 SWOT Analysis
  16.3.14 Temenos Headquarters SA
    16.3.14.1 Company Overview
    16.3.14.2 Product Portfolio
    16.3.14.3 Financials
    16.3.14.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Wealth Management Platform Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Wealth Management Platform Market Forecast: Breakup by Advisory Model (in Million US$), 2023-2028
Table 3: Global: Wealth Management Platform Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 4: Global: Wealth Management Platform Market Forecast: Breakup by Business Function (in Million US$), 2023-2028
Table 5: Global: Wealth Management Platform Market Forecast: Breakup by Enterprise Size (in Million US$), 2023-2028
Table 6: Global: Wealth Management Platform Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 7: Global: Wealth Management Platform Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Wealth Management Platform Market: Competitive Structure
Table 9: Global: Wealth Management Platform Market: Key Players


LIST OF FIGURES

Figure 1: Global: Wealth Management Platform Market: Major Drivers and Challenges
Figure 2: Global: Wealth Management Platform Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Wealth Management Platform Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Wealth Management Platform Market: Breakup by Advisory Model (in %), 2022
Figure 5: Global: Wealth Management Platform Market: Breakup by Deployment Mode (in %), 2022
Figure 6: Global: Wealth Management Platform Market: Breakup by Business Function (in %), 2022
Figure 7: Global: Wealth Management Platform Market: Breakup by Enterprise Size (in %), 2022
Figure 8: Global: Wealth Management Platform Market: Breakup by End Use Industry (in %), 2022
Figure 9: Global: Wealth Management Platform Market: Breakup by Region (in %), 2022
Figure 10: Global: Wealth Management Platform (Hybrid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Wealth Management Platform (Hybrid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Wealth Management Platform (Robo Advisory) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Wealth Management Platform (Robo Advisory) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Wealth Management Platform (Human Advisory) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Wealth Management Platform (Human Advisory) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Wealth Management Platform (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Wealth Management Platform (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Wealth Management Platform (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Wealth Management Platform (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Wealth Management Platform (Reporting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Wealth Management Platform (Reporting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Wealth Management Platform (Performance Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Wealth Management Platform (Performance Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Wealth Management Platform (Financial Advice Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Wealth Management Platform (Financial Advice Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Wealth Management Platform (Risk and Compliance Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Wealth Management Platform (Risk and Compliance Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Wealth Management Platform (Portfolio, Accounting and Trading Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Wealth Management Platform (Portfolio, Accounting and Trading Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Wealth Management Platform (Other Business Functions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Wealth Management Platform (Other Business Functions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Wealth Management Platform (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Wealth Management Platform (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Wealth Management Platform (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Wealth Management Platform (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Wealth Management Platform (Banks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Wealth Management Platform (Banks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Wealth Management Platform (Brokerage Firms) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Wealth Management Platform (Brokerage Firms) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Wealth Management Platform (Investment Management Firms) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Wealth Management Platform (Investment Management Firms) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Wealth Management Platform (Trading and Exchange Firms) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Wealth Management Platform (Trading and Exchange Firms) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Wealth Management Platform (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Wealth Management Platform (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: North America: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: North America: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: United States: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: United States: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Canada: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Canada: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Asia-Pacific: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Asia-Pacific: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: China: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: China: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Japan: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Japan: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: India: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: India: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: South Korea: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: South Korea: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Australia: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Australia: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Indonesia: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Indonesia: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Europe: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Europe: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Germany: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Germany: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: France: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: France: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: United Kingdom: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: United Kingdom: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Italy: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Italy: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Spain: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Spain: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Russia: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Russia: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Others: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Others: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Latin America: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Latin America: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Brazil: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Brazil: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Mexico: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Mexico: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Others: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Others: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Middle East and Africa: Wealth Management Platform Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Middle East and Africa: Wealth Management Platform Market: Breakup by Country (in %), 2022
Figure 94: Middle East and Africa: Wealth Management Platform Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Global: Wealth Management Platform Industry: SWOT Analysis
Figure 96: Global: Wealth Management Platform Industry: Value Chain Analysis
Figure 97: Global: Wealth Management Platform Industry: Porter's Five Forces Analysis


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