Wealth Management Platform Market Growth Potential & Forecast, 2032

 

As per a recent research report, Wealth Management Platform Market to surpass USD 10 Bn by 2032.

Wealth Management Platform Market is expected to exhibit massive growth during 2023-2032 owing to the emergence of innovative technologies including AI and blockchains. These advancements have been assisting key players in revolutionizing new operating models to offer credits to several individuals and businesses. The data-driven AI wealth management platform is also slated to speed up the digital investment process, augmenting market expansion.

Request for Sample Copy report @  https://www.gminsights.com/request-sample/detail/3995

In addition, several initiatives taken by the government and regulations to escalate the use of wealth management platforms will drive industry growth by 2032. Besides, increasing government inclination towards credit seekers to increase the financial inclusion of people will spur the industry expansion.

Overall, the wealth management platform market is segmented in terms of advisory mode, deployment model, application, end-use, and region.

Based on advisory mode, the human advisory segment held more than 60% market share in 2022 and is projected to exhibit massive growth through 2032. The growth can be attributed to the wealth management sector's growing security concerns, encouraging HNWIs (high-net-worth individuals) to turn to human advisory services.

By deployment model, the cloud-based wealth management systems are expected to depict commendable CAGR through the forecast timeframe. Cloud-based wealth management systems are gaining strong traction among finance-based enterprises owing to their benefits including easier setup, flexibility required for remote work, and lower investment in infrastructure. The cost-effectiveness and scalability offered by the cloud platforms will further support segment expansion in the future.

On the basis of application, the performance management segment will grow significantly as the system helps align the employees with the corporate goals. Performance management tools enable firms to perform fair, periodic inspections while expediting the performance management process, which will further aid the segment in future growth.

Request for customization this report @  https://www.gminsights.com/roc/3995

Considering the end-use, the investment management firms segment accounted for more than 25% market share in 2022 and is expected to demonstrate sturdy growth owing to the rising number of high-net-worth individuals along with small business owners. Besides, the wealth management platform assists investment management firms in planning new policies, attracting new investments, and obtaining insights as per clients' requirements.

In the regional context, the Asia Pacific wealth management platform market is anticipated to register notable gains through the estimated timeframe. The growth can be accredited to the constantly increasing digital transformation of the financial institutions in the region. In addition, consulting companies in APAC are collaborating with wealth management software providers to focus on the rising digital transformation of financial institutions, which will boost wealth management platform penetration in the region.

 Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Wealth management platform industry 360º synopsis, 2018 – 2032

2.2    Business trends

2.2.1    Total Addressable Market

2.3    Regional trends

2.4    Advisory mode trends

2.5    Deployment model trends

2.6    Application trends

2.7    End use trends

Chapter 3   Wealth Management Platform Industry Insights

3.1    Introduction

3.1.1    Global outlook

3.1.2    North America

3.1.3    Europe

3.1.4    Asia Pacific

3.1.5    Latin America

3.1.6    Middle East & Africa

3.2    Impact of Russia-Ukraine conflict

3.3    Wealth management platform industry ecosystem analysis

3.3.1    Platfiorm provider

3.3.2    Cloud service providers

3.3.3    Government authorities

3.3.4    End users

3.3.5    Profit margin analysis

3.3.6    Vendor matrix

3.4    Industry evolution

3.5    Technology & innovation landscape

3.5.1    Predictive analytics

3.5.2    Blockchain

3.5.3    Human digital interface

3.6    Investment portfolio

3.7    Key initiatives and news

3.8    Regulatory landscape

3.8.1    North America

3.8.1.1   Gramm-Leach-Bliley Act of 1999, U.S.

3.8.1.2   The Sarbanes-Oxley Act of 2022

3.8.1.3   Federal Information Security Management Act (FISMA)

3.8.1.4   Dodd–Frank Wall Street Reform and Consumer Protection Act

3.8.2    Europe

3.8.2.1   The General Data Protection Regulation (GDPR) (EU)

3.8.2.2   European Market Infrastructure Regulation (EMIR)

3.8.2.3   Anti-Money Laundering Directive 2015/849/EU (AMLD)

3.8.3    Asia Pacific

3.8.3.1   Cybersecurity Law, China

3.8.4    LAMEA

3.8.4.1   Cyber Security Framework, Saudi Arabian Monetary Authority (SAMA)

3.9    Industry impact forces

3.9.1    Growth drivers

3.9.1.1   Increase in number of HNWIs across the globe

3.9.1.2   Growing digitalization across the financial sector

3.9.1.3   Rising adoption of AI and blockchain technology across wealth management solutions

3.9.1.4   Stringent government compliances related to financial sector

3.9.2    Industry pitfalls & challenges

3.9.2.1   Data safety & security issues

3.9.2.2   Higher dependency on traditional wealth management methods

3.10    Growth potential analysis

3.11    Porter’s analysis

3.12    PESTEL analysis

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Aashit Tiwari
Corporate Sales, USA
Global Market Insights Inc.
Toll Free: +1-888-689-0688
USA: +1-302-846-7766
Europe: +44-742-759-8484
APAC: +65-3129-7718
Email: sales@gminsights.com