The wealthtech solutions global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Wealthtech Solutions Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The wealthtech solutions market size has grown rapidly in recent years. It will grow from $4.72 billion in 2023 to $5.42 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to the emergence of online trading platforms, the rise of robo-advisors, the early adoption of mobile banking apps, growth of mutual funds and ETFs, introduction of low-cost trading options.
The wealthtech solutions market size is expected to see rapid growth in the next few years. It will grow to $9.43 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. The growth in the forecast period can be attributed to growing interest in digital financial services, Improved customer service, cybersecurity enhancements, rise of digital wealth management platforms, sustainable investing is gaining traction. Major trends in the forecast period include increased adoption of AI and machine learning, integration of blockchain technology, innovative wealthtech solutions, growing adoption of cloud computing, and adoption of big data analytics.
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Scope Of Wealthtech Solutions Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Wealthtech Solutions Market Overview
Market Drivers –
A growing interest in digital financial services is expected to propel the growth of the wealthtech solutions market going forward. Digital financial services (DFS) refer to a broad range of financial services delivered through digital channels such as mobile phones, the Internet, or other electronic devices. The increasing consumer expectations for personalized, efficient, and accessible wealth management services enabled by technological advancements boost the need for digital financial services. Digital financial services use wealth tech solutions to provide innovative and personalized wealth management and investment services through digital channels, enhancing accessibility and efficiency for users. For instance, in May 2024, according to FedPayments Improvement, a US-based product of Federal Reserve Banks, in 2023 digital wallets and mobile apps were adopted by 62% of businesses, a notable increase from 47% in 2022. Therefore, a growing interest in digital financial services is driving the growth of the wealthtech solutions market.
Market Trends –
Major companies operating in the wealthtech solutions market are focused on innovating portfolio-management software to gain a competitive edge. Portfolio management software allows financial institutions and wealth managers to manage and track their clients’ investments efficiently. For instance, in July 2022, Bricknode, a Sweden-based wealthtech company, launched a new portfolio management software application called Investment Manager. The new tool allows investors to track all their assets and liabilities in one place, analyze their investment performance, and manage their portfolios. The tool is aimed at small family offices and corporate investors. An investment manager allows investors to track all their assets and liabilities in one place, analyze performance, and automate accounting.
The wealthtech solutions market covered in this report is segmented –
1) By Components: Solution, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
4) By End User: Banks, Investment Firms, Wealth Management Firms, Other End-Users
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Regional Insights –
North America was the largest region in the wealthtech solutions market in 2023. The regions covered in the wealthtech solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the wealthtech solutions market are JPMorgan Chase & Co., Bank of America, Citigroup Inc., Wells Fargo & Company, BNP Paribas, Goldman Sachs, Barclays PLC, FMR LLC, BlackRock Inc., State Street Global Advisors, The Vanguard Group Inc., Lightspeed POS, Paymentus Holdings Inc., Angel One Limited, Verafin, Wealthfront Corporation, DriveWealth LLC, Aixigo AG, Valuefy, Moxtra, Trackinsight SAS, WealthTechs Inc., Advisor Software (ASI), Bridge Financial Technology
Table of Contents
1. Executive Summary
2. Wealthtech Solutions Market characterstics
3. Wealthtech Solutions Market Trends And Strategies
4. Wealthtech Solutions Market – Macro Economic Scenario
5. Global Wealthtech Solutions Market Size And Growth
…..
32. Global Wealthtech Solutions Market Competitive Benchmarking
33. Global Wealthtech Solutions Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wealthtech Solutions Market
35. Wealthtech Solutions Market Future Outlook and Potential Analysis
36. Appendix
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