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Global WealthTech Solutions Market to reach USD 16.27 billion by the end of 2030.

Global WealthTech Solutions Market Size study & Forecast, by Services (System Integration, Consulting Services, Support & Maintenance), by End User (Banks, Investment Firms, Wealth Management Firms, Others) and Regional Analysis, 2023-2030

Product Code: ICTEITS-35717713
Publish Date: 20-02-2024
Page: 200

Global WealthTech Solutions Market is valued at approximately USD 4.63 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 17% during the forecast period 2023-2030. WealthTech Solutions refers to the use of technology to provide innovative solutions and services in the wealth management and financial advisory industry. WealthTech solutions leverage advancements in financial technology to enhance and automate various aspects of wealth management, investment, and financial planning. The WealthTech Solutions Market is expanding because of factors such as increasing demand for wealth management and the rising number of portfolio management tools. As a result, the demand for WealthTech Solutions has progressively increased in the international market during the forecast period 2023-2030.

WealthTech solutions expand their capabilities to include comprehensive financial planning tools. This allows users to assess their entire financial landscape, including budgeting, goal setting, and retirement planning, within a single platform. According to Statista, The Wealth Management Market is anticipated to witness Assets under Management (AUM) reaching an estimated value of USD 130.60 trillion by the year-end of 2024. Furthermore, financial advisory is anticipated to be the market’s leading segment with a volume of USD 126.70 trillion by the year end of 2024. Another important factor that drives the WealthTech Solutions Market is the increasing number of portfolio management tools. The proliferation of portfolio management tools leads to challenges related to integration and interoperability. Advisory firms could face the task of integrating multiple tools into their workflows, and seamless compatibility becomes crucial for efficient operations. In addition, as per Statista, in 2023, Envestnet emerged as the predominant online portfolio management tool widely adopted by advisory firms globally at a substantial market share of approximately 5.77%, followed by, Schwab Intelligent Portfolios securing the second-largest market share, with SEI claiming the third position in terms of widespread adoption within the industry. Moreover, the emergence of financial data analytics and the rising integration of artificial intelligence, machine learning, and Big Data in digital financial services are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost associated with WealthTech Solutions and the lack of awareness is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global WealthTech Solutions Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increased with development of new & innovative business operating models in the region. Innovative business models often emphasize agility and flexibility. WealthTech solutions adapt to changing market dynamics and user needs more efficiently, incorporating updates and new features quickly. The region’s dominant performance is anticipated to propel the overall demand for WealthTech Solutions. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as the growing adoption of digitization in the region. Digitization facilitates the use of advanced data analytics, allowing WealthTech platforms to analyze vast amounts of data to provide actionable insights and personalized investment recommendations.

Major market player included in this report are:
Synechron Inc.
Wealthfront Inc.
Valuefy Solutions
InvestSuite Inc.
Aixigo AG
BME Inntech
3rd-eyes analytics AG
InvestCloud, Inc.
WealthTechs Inc.
BlackRock, Inc.

Recent Developments in the Market:
Ø In April 2023, Hywin Holdings Ltd, a prominent independent wealth management service provider in China, revealed its initiative to deliver a comprehensive analysis of individual client preferences to its high-net-worth clients. This tailored service approach aims to provide precisely targeted services, utilizing the capabilities of IBM Cloud Pak for Data and the IBM Garage. Hywin’s analytics capabilities can be easily iterated to meet the needs of business users. Hywin used IBM Cloud Pak for Data – a data and AI platform that enables organisations to collect, organise, and analyse data wherever it sits – to fully integrate customer data and analyse client preferences. Hywin rapidly iterated its analytics capabilities throughout the project, complementing the requirements of business customers, using the IBM Garage, a collaborative strategy to accelerate innovation and deliver significant and lasting transformation.

Global WealthTech Solutions Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Services, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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 Services
System Integration
Consulting Services
Support & Maintenance

by End User
Investment Firms
Wealth Management Firms

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. WealthTech Solutions Market, by Region, 2020-2030 (USD Billion)
1.2.2. WealthTech Solutions Market, by Services, 2020-2030 (USD Billion)
1.2.3. WealthTech Solutions Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global WealthTech Solutions Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global WealthTech Solutions Market Dynamics
3.1. WealthTech Solutions Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing demand for wealth management Rising number of portfolio management tools
3.1.2. Market Challenges High cost associated with WealthTech Solutions Lack of awareness
3.1.3. Market Opportunities Emergence of financial data analytics Rising integration of AI, ML, and Big Data in digital financial services
Chapter 4. Global WealthTech Solutions 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
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global WealthTech Solutions Market, by Services
5.1. Market Snapshot
5.2. Global WealthTech Solutions Market by Services, Performance – Potential Analysis
5.3. Global WealthTech Solutions Market Estimates & Forecasts by Services 2020-2030 (USD Billion)
5.4. WealthTech Solutions Market, Sub Segment Analysis
5.4.1. System Integration
5.4.2. Consulting Services
5.4.3. Support & Maintenance
Chapter 6. Global WealthTech Solutions Market, by End User
6.1. Market Snapshot
6.2. Global WealthTech Solutions Market by End User, Performance – Potential Analysis
6.3. Global WealthTech Solutions Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. WealthTech Solutions Market, Sub Segment Analysis
6.4.1. Banks
6.4.2. Investment Firms
6.4.3. Wealth Management Firms
6.4.4. Others
Chapter 7. Global WealthTech Solutions Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. WealthTech Solutions Market, Regional Market Snapshot
7.4. North America WealthTech Solutions Market
7.4.1. U.S. WealthTech Solutions Market Services breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
7.4.2. Canada WealthTech Solutions Market
7.5. Europe WealthTech Solutions Market Snapshot
7.5.1. U.K. WealthTech Solutions Market
7.5.2. Germany WealthTech Solutions Market
7.5.3. France WealthTech Solutions Market
7.5.4. Spain WealthTech Solutions Market
7.5.5. Italy WealthTech Solutions Market
7.5.6. Rest of Europe WealthTech Solutions Market
7.6. Asia-Pacific WealthTech Solutions Market Snapshot
7.6.1. China WealthTech Solutions Market
7.6.2. India WealthTech Solutions Market
7.6.3. Japan WealthTech Solutions Market
7.6.4. Australia WealthTech Solutions Market
7.6.5. South Korea WealthTech Solutions Market
7.6.6. Rest of Asia Pacific WealthTech Solutions Market
7.7. Latin America WealthTech Solutions Market Snapshot
7.7.1. Brazil WealthTech Solutions Market
7.7.2. Mexico WealthTech Solutions Market
7.8. Middle East & Africa WealthTech Solutions Market
7.8.1. Saudi Arabia WealthTech Solutions Market
7.8.2. South Africa WealthTech Solutions Market
7.8.3. Rest of Middle East & Africa WealthTech Solutions Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Synechron Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Wealthfront Inc.
8.3.3. Valuefy Solutions
8.3.4. InvestSuite Inc.
8.3.5. Aixigo AG
8.3.6. BME Inntech
8.3.7. 3rd-eyes analytics AG
8.3.8. InvestCloud, Inc.
8.3.9. WealthTechs Inc.
8.3.10. BlackRock, Inc.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. 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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