Wealth Management Platform Market Segment Analysis By Key Players and DriversPosted by Sakshi Mishra on February 22nd, 2021 Wealth management platforms are software which provides valuable financial advice for individuals looking to expand their finances. The conveniences accorded by digitization and the surge in disposable income levels of individuals are likely to drive the reliance on these platforms. The global wealth management platform market report compiled by Market Research Future (MRFR) takes a look at various indicators and challenges to be faced by the industry for the period of 2018 to 2023 (forecast period). The COVID-19 pandemic and its effect on the industry are explored in the report. Market Scope The global wealth management platform market is expected to generate a market value of USD 4 billion by 2023. It is expected to grow at 15% CAGR during the forecast period. Rise of high net worth individuals, digitization of information and processes, and compliance with industry regulations are major market drivers. The shift to platforming by private banks and wealth managers for increasing their client base and integration of various security features for protecting client names and transactions can bode well for the market. The technological change and the new range of clients who are adept with the latest gadgets are trends which can provide a large scope for the market. Get Free Sample Copy Report Of The Market @ https://www.marketresearchfuture.com/sample_request/6299 Regional Analysis The geographical analysis of wealth management software market is studied for North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). According to the World Wealth report published by Capgemini in 2017, there is an increase in global High Net Worth Indivduals (HNWI) population and wealth which shows the growing opportunities in this market. North America is expected to dominate the wealth management platform market due to emergence of new technologies such as robo-advisory models and exist large number of key players in this region. APAC is expected to be the fastest growing region in this market owing to massive growth in number of high net worth individuals and wealth at a rate of 12.1% and 14.8% respectively in 2017. Launch of wealth management platforms aimed at the new and upcoming demographic is likely to culminate in high dividends for the global wealth management platform market. Europe’s high net worth individual population and wealth grew by 7.3% ranks it third after North America. Geographically, North America is expected to dominate the market due to advances in technology and presence of major key players such as SS&C technologies, Fidelity National Information Services Inc. and Broadridge Financial Solutions in the region. These key players are offering technical infrastructure solutions that enable process transparency, workflow automation, remote access, financial advisory, and brokerage business on a single platform. The establishment of a common financial hub which provides a plethora of financial services for wealthy clients can favor the market. The tech savvy nature of clients and use of online payment accounts can attract HNWIs. Access Complete Report @ https://www.marketresearchfuture.com/reports/wealth-management-platform-market-6299 About Market Research Future: Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client. The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. Contact: Like it? Share it! More by this author |