March 29, 2020
wealth management software

Wealth Management Software Market is growing with a CAGR of 12.3% during the forecast period from 2019 to 2027

The global market for wealth management software is projected to grow by 12.3 per cent CAGR during the forecast period from 2019 to 2027.

The global market for software wealth management was valued at US$ 2.20 billion in 2018 and is likely to see steady growth, growing at a CAGR of 12.3 per cent during the forecast period from 2019 to 2027. Wealth management software has reshaped the investment landscape through the advent of investment advice, financial planning, portfolio optimization and asset allocation. Due to advancements in digital technology, traditional commitments between consultants and clients are transforming to a greater extent. The growing need for digital tools that can help to automate wealth management processes is expected to drive the global wealth management software market from 2019 to 2027 over the forecast period.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

In 2018, the global wealth management software market, based on advisory mode, was led by the Robo-Advisory segment. Robo-advisors are online financial advisory software platforms that deliver algorithm-based wealth management services. This advisory model eliminates the need to use a human financial advisor and provides clients with direct software-based access to portfolios. North America also led the wealth management software market in 2018, based on geography. The region’s growth is mainly due to the growing technological developments and innovations in wealth management processes. In addition, the growing number of high net worth (HNW) individuals in the region is also driving demand. In addition, the presence of a number of prominent players, including Fidelity National Information Services, Inc., Fiserv, Inc., SEI Investments Company, and SS&C Technologies, Inc., etc., promotes market growth and is expected to provide lucrative opportunities for the region’s wealth management software market to grow.

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Major players in the market for wealth management software include Comarch SA, Dorsum Ltd., Fidelity National Information Services, Inc. (FIS), Finantix S.p. A., Fiserv, Inc. Objectway S.p. A., Profile Software, SEI Investments Company, SS&C Technologies, Inc., and Temenos SA, amongst others. Wealth management software providers are adopting a number of strategies to thrive in a competitive market environment. These leading players are focused on distinguishing their offerings through clear and unique value proposals in order to maintain their market place. Players are constantly focusing on upgrading their existing systems to meet the growing expectations of today’s wealth management clients. For example, SEI Investments Company expanded the technological features of its client dashboard in March 2018. The company has developed a Cash-Flow Suite within the dashboard to organize the personal financial information of the client, keep them financially on track and help them make better decisions on wealth management.

Key questions answered in this report

  • What was the market size of wealth management software market in 2018 and forecast up to 2027?
  • What are the key factors driving the global wealth management software market?
  • What are the key market trends and high-growth opportunities observed in the wealth management software market?
  • What are the drivers of the wealth management software market?
  • Which is the largest regional market for wealth management software market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the wealth management software market?
  • What are the sustainability strategies adopted by the key players operating in the market?

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