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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Wealth Management Software Market to reach USD 9.5 billion by 2028.

Global Wealth Management Software Market Size study, by Advisory Model (Human Advisory, Robo Advisory, Hybrid), by Deployment Model (On-Premises, Cloud), by Application (Financial Advice Management, Portfolio, Accounting, and Trading Management, Electrical and Electronics Industry Performance Management, Risk and Compliance Management, Reporting, Others), by End-User Industry (Banks, Investment Management Firms, Trading and Exchange Firms, Brokerage Firms, Others) and Regional Forecasts 2022-2028

Product Code: ICTEITS-53677736
Publish Date: 30-04-2022
Page: 200

Global Wealth Management Software Market is valued at approximately USD 3.8 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 13.9 % over the forecast period 2022-2028. Wealth Management Software is a financial agreement between a bank and an insurance company that allows the bank to generate additional revenue and profit. This setup permits the sale of a wide range of insurance products, including annuities, mortgages, and health and life insurance. Rise in the number of HNWIs, rise in technological advancements in wealth management, rising digital revolution and automation and rising mergers and acquisitions among key players has driven the adoption of Wealth Management Software across the projected period. For Instance: Die Software Peter Fitzon GmbH (DSW), a provider of core banking solutions in Germany, was acquired by ObjectWay S.p.A. in August 2021. With a broad and stable core banking infrastructure, ObjectWay S.p.A. anticipates the purchase to boost its wealth and asset management products. Also, utilization of AI and blockchain system in wealth management software is most likely to boost the overall growth of the Wealth Management Software market. However, extensive dependency on conventional methods, lack of awareness and lack of technical expertise can obstruct the market’s expansion over the projection period of 2022-2028.

The key regions considered for the Global Wealth Management Software Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Rapid adoption of new technologies is driving the market growth in North America. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. The market is expected to grow during the projected period due to rising mergers and acquisitions.

Major market players included in this report are:
Comarch SA
Dorsum Ltd.
Fidelity National Information Services Inc.
Fiserv Inc.
ObjectWay S.p.a
Profile Software
SEI Investments Companies
SS&C Technologies Holdings, Inc.
Temenos Headquarters SA

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Advisory Model:
Human Advisory
Robo Advisory

By Deployment Type:

By Application:
Financial Advice Management
Portfolio, Accounting, and Trading Management
Electrical and Electronics Industry Performance Management
Risk and Compliance Management

By End-User Industry:
Investment Management Firms
Trading and Exchange Firms
Brokerage Firms
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Wealth Management Software Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Wealth Management Software Market, by Region, 2020-2028 (USD Billion)
1.2.2. Wealth Management Software Market, by Advisory Model, 2020-2028 (USD Billion)
1.2.3. Wealth Management Software Market, by Deployment Model, 2020-2028 (USD Billion)
1.2.4. Wealth Management Software Market, by Application, 2020-2028 (USD Billion)
1.2.5. Wealth Management Software Market, by End-User Industry, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Wealth Management Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Wealth Management Software Market Dynamics
3.1. Wealth Management Software Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Rise in number of HNWIs Rise in technological advancements in wealth management Rising digital revolution and automation Rising mergers and acquisitions among key players
3.1.2. Market Challenges Extensive dependency on conventional methods Lack of awareness Lack of technical expertise
3.1.3. Market Opportunities Utilization of AI and blockchain system in wealth management software

Chapter 4. Global Wealth Management Software Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Wealth Management Software Market, by Advisory Model
6.1. Market Snapshot
6.2. Global Wealth Management Software Market by Advisory Model, Performance – Potential Analysis
6.3. Global Wealth Management Software Market Estimates & Forecasts by Advisory Model, 2019-2028 (USD Billion)
6.4. Wealth Management Software Market, Sub Segment Analysis
6.4.1 Human Advisory
6.4.2 Robo Advisory
6.4.3 Hybrid
Chapter 7. Global Wealth Management Software Market, by Deployment Model
7.1. Market Snapshot
7.2. Global Wealth Management Software Market by Deployment Model, Performance – Potential Analysis
7.3. Global Wealth Management Software Market Estimates & Forecasts by Deployment Model, 2019-2028 (USD Billion)
7.4. Wealth Management Software Market, Sub Segment Analysis
7.4.1 On-Premises
7.4.2 Cloud
Chapter 8. Global Wealth Management Software Market, by Application
8.1. Market Snapshot
8.2. Global Wealth Management Software Market by Application, Performance – Potential Analysis
8.3. Global Wealth Management Software Market Estimates & Forecasts by Application, 2019-2028 (USD Billion)
8.4. Wealth Management Software Market, Sub Segment Analysis
8.4.1 Financial Advice Management
8.4.2 Portfolio, Accounting, and Trading Management
8.4.3 Electrical and Electronics Industry Performance Management
8.4.4 Risk and Compliance Management
8.4.5 Reporting
8.4.6 Others
Chapter 9. Global Wealth Management Software Market, by End-User Industry
9.1. Market Snapshot
9.2. Global Wealth Management Software Market by End-User Industry, Performance – Potential Analysis
9.3. Global Wealth Management Software Market Estimates & Forecasts by End-User Industry, 2019-2028 (USD Billion)
9.4. Wealth Management Software Market, Sub Segment Analysis
9.4.1 Banks
9.4.2 Investment Management Firms
9.4.3 Trading and Exchange Firms
9.4.4 Brokerage Firms
9.4.5 Others
Chapter 10. Global Wealth Management Software Market, Regional Analysis

10.1. Wealth Management Software Market, Regional Market Snapshot
10.2. North America Wealth Management Software Market
10.2.1. U.S. Wealth Management Software Market Advisory Model breakdown estimates & forecasts, 2019-2028 Deployment Model breakdown estimates & forecasts, 2019-2028 Application breakdown estimates & forecasts, 2019-2028 End-User Industry breakdown estimates & forecasts, 2019-2028
10.2.2. Canada Wealth Management Software Market
10.3. Europe Wealth Management Software Market Snapshot
10.3.1. U.K. Wealth Management Software Market
10.3.2. Germany Wealth Management Software Market
10.3.3. France Wealth Management Software Market
10.3.4. Spain Wealth Management Software Market
10.3.5. Italy Wealth Management Software Market
10.3.6. Rest of Europe Wealth Management Software Market
10.4. Asia-Pacific Wealth Management Software Market Snapshot
10.4.1. China Wealth Management Software Market
10.4.2. India Wealth Management Software Market
10.4.3. Japan Wealth Management Software Market
10.4.4. Australia Wealth Management Software Market
10.4.5. South Korea Wealth Management Software Market
10.4.6. Rest of Asia Pacific Wealth Management Software Market
10.5. Latin America Wealth Management Software Market Snapshot
10.5.1. Brazil Wealth Management Software Market
10.5.2. Mexico Wealth Management Software Market
10.6. Rest of The World Wealth Management Software Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1 Comarch SA Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments

11.2.2 Dorsum Ltd.
11.2.3 Fidelity National Information Services Inc.
11.2.4 Finantix
11.2.5 Fiserv Inc.
11.2.6 ObjectWay S.p.a
11.2.7 Profile Software
11.2.8 SEI Investments Companies
11.2.9 SS&C Technologies Holdings, Inc.
11.2.10 Temenos Headquarters SA

Chapter 12. Research Process

12.1 Research Process
12.1.1 Data Mining
12.1.2 Analysis
12.1.3 Market Estimation
12.1.4 Validation
12.1.5 Publishing
12.2 Research Attributes
12.3 Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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