Wealth Management Software Market
Wealth Management Software Market by Advisory Model (Human Advisory, Robo and Hybrid Advisory), by Deployment (Cloud and On-Premise), by End-User (Trading and Exchange Firms, Brokerage Firms, Banks, and Investment Management Firms) – Global Industry Share, Growth, Competitive Analysis and Forecast, 2019-2025 Update Available - Forecast 2024-2030
Wealth management software is a tool used to streamline enterprise financial and back office operations. It is used by several companies which are involved in conducting financial activities, such as investment management firms, trading and brokers, and banks. Wealth management platforms are designed to improve the performance of advisory tools. This is intended to meet global strategic wealth management processes and fundamental customer-specific needs. The major factors boosting the growth of the market include the increasing number of high-net-worth individuals (HNI) and increasing need for managing financial information in a stringent regulatory environment. Financial markets are highly subjected to stringent regulatory requirements. The Foreign Account Tax Compliance Act (FATCA) is one of the crucial regulations for financial institutions. FATCA is a US federal law passed by Congress in 2010. This is intended for targeting non-compliance by the US taxpayers that are using foreign accounts. The act requires foreign financial institutions (FFIs) to report to the Internal Revenue Service (IRS) information regarding financial accounts held by the US taxpayers, or by foreign entities in which the US taxpayers hold a substantial ownership interest.
Moreover, financial institutions continuously struggle with the changing fiduciary standards and compliances that restrict their work efficiency. This, in turn, increases the need to adopt solutions that caters to changing needs. The use of wealth management software enables users to store and capture information and documents electronically. This allows to quickly access data and documents and ensures content security while supporting to proactively manage regulatory compliance. Moreover, wealth management firms are working towards augmented reporting tools to further improve the entire advisory process, which, in turn, is offering significant opportunity for the growth of the market.
Based on geography, the global wealth management software market is classified into four major regions, such as North America, Europe, Asia-Pacific and RoW. North America is anticipated to hold the significant share in the market due to the highly developed set of competitive financial institutions in the region. Moreover, Asia-Pacific is estimated to witness optimistic growth due to the rising number of High-net-worth (HNW) individuals in the region.
Some of the major companies included in the market comprise SS&C Technologies, Inc., Fiserv, Inc., Aptitude Software Group PLC Temenos Headquarters SA, and Ebix, Inc. Aptitude Software Group PLC is one of the prominent players in the global wealth management software market. The company adopts organic as well as inorganic growth strategies to sustain in the competitive market. For instance, in March 2017, Aptitude Software Group PLC acquired Primacy Corp., a provider of wealth management software based in Toronto, Canada. The business of Primacy Corp. will be integrated into the Microgen Financial Systems business. The acquisition is aimed at company’s strategy to enhance its revenue derived from the Trust & Fund Administration sector from making appropriate add-on acquisitions and constant sales success with its flagship product named Microgen 5Series. This acquisition would enable the company to increase revenue and client base.
Research Methodology
The market study of the global wealth management software market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report is intended for BFSI sector, service providers and distributors, independent software vendors, wealth management software providers, and end-user industry for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, different products and services, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation
Global Wealth Management Software Market Research and Analysis by Advisory Model
Global Wealth Management Software Market Research and Analysis by Deployment
Global Wealth Management Software Market Research and Analysis by End-User
The Report Covers
- Comprehensive research methodology of the global wealth management software market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global Wealth management software market.
- Insights about market determinants which are stimulating the global wealth management software market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules and Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. SS&C Technologies, Inc.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Aptitude Software Group PLC
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Temenos Headquarters SA
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Fiserv, Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Ebix, Inc.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Wealth Management Software Market by Advisory Model
5.1.1. Human Advisory
5.1.2. Robo Advisory
5.1.3. Hybrid Advisory
5.2. Global Wealth Management Software Market by Deployment
5.2.1. Cloud
5.2.2. On-Premise
5.3. Global Wealth Management Software Market by End-User
5.3.1. Trading & Exchange Firms
5.3.2. Brokerage Firms
5.3.3. Banks
5.3.4. Investment Management Firms
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. aixigo AG
7.2. Aptitude Software Group PLC
7.3. Broadridge Financial Solutions, Inc.
7.4. Comarch SA
7.5. COR Financial Solutions Ltd.
7.6. Dorsum Co. Ltd.
7.7. Ebix, Inc.
7.8. eFront SAS
7.9. Envestnet Asset Management, Inc.
7.10. Fidelity National Information Services, Inc.
7.11. Finantix Holding S.à rl
7.12. Fiserv, Inc.
7.13. IBM Corp.
7.14. Infosys Ltd.
7.15. Microsoft Corp.
7.16. Objectway S.p.A.
7.17. Oracle Corp.
7.18. Salesforce.com, Inc.
7.19. SEI Investments Co.
7.20. SimCorp A/S
7.21. SS&C Technologies, Inc.
7.22. Tata Consultancy Services Ltd. (TCS)
7.23. Temenos Headquarters SA
7.24. Vestmark, Inc.
1. GLOBAL WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY ADVISORY MODEL, 2018-2025 ($ MILLION)
2. GLOBAL HUMAN ADVISORY MODEL IN WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL ROBO ADVISORY MODEL IN WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL HYBRID ADVISORY MODEL IN WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
5. GLOBAL WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2018-2025 ($ MILLION)
6. GLOBAL CLOUD-BASED WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL ON-PREMISE WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
9. GLOBAL WEALTH MANAGEMENT SOFTWARE FOR TRADING & EXCHANGE FIRMS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
10. GLOBAL WEALTH MANAGEMENT SOFTWARE FOR BROKERAGE FIRMS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL WEALTH MANAGEMENT SOFTWARE FOR BANKS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL WEALTH MANAGEMENT SOFTWARE FOR INVESTMENT MANAGEMENT FIRMS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
13. GLOBAL WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
14. NORTH AMERICAN WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
15. NORTH AMERICAN WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY ADVISORY MODEL, 2018-2025 ($ MILLION)
16. NORTH AMERICAN WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2018-2025 ($ MILLION)
17. NORTH AMERICAN WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
18. EUROPEAN WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
19. EUROPEAN WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY ADVISORY MODEL, 2018-2025 ($ MILLION)
20. EUROPEAN WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2018-2025 ($ MILLION)
21. EUROPEAN WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
22. ASIA-PACIFIC WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
23. ASIA-PACIFIC WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY ADVISORY MODEL, 2018-2025 ($ MILLION)
24. ASIA-PACIFIC WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2018-2025 ($ MILLION)
25. ASIA-PACIFIC WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
26. REST OF THE WORLD WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY ADVISORY MODEL, 2018-2025 ($ MILLION)
27. REST OF THE WORLD WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2018-2025 ($ MILLION)
28. REST OF THE WORLD WEALTH MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY END-USER, 2018-2025 ($ MILLION)
1. GLOBAL WEALTH MANAGEMENT SOFTWARE MARKET SHARE BY ADVISORY MODEL, 2018 VS 2025 (%)
2. GLOBAL WEALTH MANAGEMENT SOFTWARE MARKET SHARE BY DEPLOYMENT, 2018 VS 2025 (%)
3. GLOBAL WEALTH MANAGEMENT SOFTWARE MARKET SHARE BY END-USER, 2018 VS 2025 (%)
4. GLOBAL WEALTH MANAGEMENT SOFTWARE MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. US WEALTH MANAGEMENT SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA WEALTH MANAGEMENT SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
7. UK WEALTH MANAGEMENT SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE WEALTH MANAGEMENT SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY WEALTH MANAGEMENT SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY WEALTH MANAGEMENT SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN WEALTH MANAGEMENT SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE WEALTH MANAGEMENT SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
13. INDIA WEALTH MANAGEMENT SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
14. CHINA WEALTH MANAGEMENT SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
15. JAPAN WEALTH MANAGEMENT SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC WEALTH MANAGEMENT SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD WEALTH MANAGEMENT SOFTWARE MARKET SIZE, 2018-2025 ($ MILLION)
