WealthTech Solutions Market
WealthTech Solutions Market Size, Share & Trends Analysis Report by Component (Solution, and Service), by Deployment Mode (On-Premise, and Cloud), by Enterprise Size (Large Enterprises, and Small and Medium-sized Enterprises), and by End-User (Banks, Wealth Management Firms, and Others), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Wealthtech solutions market is anticipated to grow at a CAGR of 13.13% during the forecast period (2023-2030). The market’s growth is attributed to growing adoption of technology and digitization. India, such as several other countries, is experiencing rapid digitalization and technological adoption. Investors have been searching for digital solutions that enable easy access to wealth management services, that increases the demand for advanced digital platforms. According to the CFA institute (Career Insights), in February 2023, the wealth management and investment services sector in India has seen a significant growth in the past few years. Currently, there are four million investors in the country, and this is expected to increase to 12 million by 2025. This growth has resulted in the emergence of various business models such as brokering, portfolio management, and advisory services, and more are expected. As a result, this sector offers new and unique opportunities for investment professionals.
Segmental Outlook
The global wealthtech solutions market is segmented on the component, deployment mode, enterprise size, and end-user. Based on the component, the market is sub-segmented into solution, and service. Based on the deployment mode, the market is sub-segmented into on-premise, and cloud. Based on the enterprise size, the market is sub-segmented into large enterprises, and small and medium-sized enterprises. Furthermore, on the basis of end-user, the market is sub-segmented into banks, wealth management firms, and others. The cloud subcategory is expected to capture a significant portion of the market share within the deployment mode segment. This is attributed to the variety of benefits, including scalability, agility, and easy data access, among others. The cloud platform's cost-effectiveness and scalability enable businesses to construct new wealth management solutions more efficiently.
The Solution Sub-Segment is Anticipated to Hold a Considerable Share of the Global WealthTech Solutions Market
Among the component, the Solution sub-segment is expected to hold a considerable share of the global wealthtech solutions market. The segmental growth is attributed to the growing personalization and a customer-centric approach. Personalization and adapting financial advice to individual goals and needs has grown more essential in WealthTech solutions. Predictive Planning integrates into the current environment by assisting clients to develop plans for specific life events. For instance, in November 2022,Bambu launched Bambu Predictive Planning, a unique WealthTech solution. Predictive Planning simulates important life events to encourage conscious financial planning.
Regional Outlook
The global wealthtech solutions market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to the advanced financial advisory solutions have grown increasing in popularity.
Global WealthTech Solutions market Growth by Region 2023-2030
The North America Region is Expected to Grow at a Significant CAGR in the Global WealthTech Solutions Market
Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the rising digital payments in India. Government-backed programs such as the Unified Payments Interface (UPI), expanding smartphone penetration, increasing digital literacy, and a shift away from cash-based transactions are all contributing to the expansion of digital payments in India. These factors contribute to the proliferation of digital wallets, mobile payment apps, and online transactions, that fundamentally alter the way wealth is maintained and invested. According to the Invest India, in October 2023, indian Fintech industry is estimated to be $1.3 trillion by 2025. Assets Under Management (AUM) and revenue are expected to reach $1 trillion and $200 billion respectively by 2030. Major segments in the Fintech space include Payments, Digital Lending, InsurTech and WealthTech. The Indian Payments landscape is estimated to reach $100 trillion in terms of transaction volume and $50 billion in terms of revenue by 2030. Digital lending in India is estimated to be worth $270 billion in 2022, and is expected to grow to $350 billion by 2023. India is the second-largest Insurtech market in the Asia-Pacific region, and is forecast to grow to $88.4 billion by 2030. The Indian WealthTech market is expected to reach $237 billion by 2030, driven by a growing base of retail investors. Currently, digital payments in India account for a monthly volume of 10 billion, with 75% of all retail digital payments being UPI.
Market Players Outlook
The major companies serving the wealthtech solutions market include 3rd-eyes analytics AG, BlackRock Inc., BME Group, InvestCloud, Inc., InvestSuite, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2023, FNZ acquired US-based wealthtech start-up YieldX for an undisclosed sum. The technology developed by the start-up has been integrated into its wealth platform to "enable clients to scan the universe of fixed-income opportunities globally and quickly identify the outcomes that mirror their desired term and yield, based on their risk profile.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global wealthtech solutions market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
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
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Acorns Grow Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Addepar, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. aixigo AG
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global WealthTech Solutions Market by Component
4.1.1. Software
4.1.2. Service
4.2. Global WealthTech Solutions Market by Deployment Mode
4.2.1. On-Premise
4.2.2. Cloud
4.3. Global WealthTech Solutions Market by Enterprises Size
4.3.1. Large Enterprises
4.3.2. Small and Medium-sized Enterprises
4.4. Global WealthTech Solutions Market by Industry End-User
4.4.1. Banks
4.4.2. Wealth Management Firms
4.4.3. Others (Banks and Credit Unions, and Family Offices)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. 3rd-eyes analytics AG
6.2. BlackRock Inc.
6.3. BME Group
6.4. InvestCloud, Inc.
6.5. InvestSuite
6.6. Robinhood Financial LLC
6.7. Schwab Corp.
6.8. Synechron,
6.9. Valuefy Technologies Pvt. Ltd.
6.10. Wealthfront Corp.
6.11. Wealthsimple
6.12. WEALTHTECHS INC.
6.13. Yodlee Infotech Pvt. Ltd.
1. GLOBAL WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
2. GLOBAL WEALTHTECH SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL WEALTHTECH SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
5. GLOBAL ON-PREMISES BASED WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL CLOUD-BASED WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2022-2030 ($ MILLION)
8. GLOBAL WEALTHTECH SOLUTIONS BY LARGE ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL WEALTHTECH SOLUTIONS BY SMALL AND MEDIUM-SIZED ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
11. GLOBAL WEALTHTECH SOLUTIONS FOR BANKS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL WEALTHTECH SOLUTIONS FOR WEALTH MANAGEMENT FIRMS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL WEALTHTECH SOLUTIONS FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. NORTH AMERICAN WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
16. NORTH AMERICAN WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
17. NORTH AMERICAN WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
18. NORTH AMERICAN WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2022-2030 ($ MILLION)
19. NORTH AMERICAN WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
20. EUROPEAN WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
21. EUROPEAN WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
22. EUROPEAN WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
23. EUROPEAN WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2022-2030 ($ MILLION)
24. EUROPEAN WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
25. ASIA-PACIFIC WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
26. ASIA-PACIFIC WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
27. ASIA-PACIFIC WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
28. ASIA-PACIFIC WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2022-2030 ($ MILLION)
29. ASIA-PACIFIC WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
30. REST OF THE WORLD WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
31. REST OF THE WORLD WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
32. REST OF THE WORLD WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2022-2030 ($ MILLION)
33. REST OF THE WORLD WEALTHTECH SOLUTIONS MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
1. GLOBAL WEALTHTECH SOLUTIONS MARKET SHARE BY COMPONENT, 2022 VS 2030 (%)
2. GLOBAL WEALTHTECH SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL WEALTHTECH SERVICES MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL WEALTHTECH SOLUTIONS MARKET SHARE BY DEPLOYMENT MODE, 2022 VS 2030 (%)
5. GLOBAL ON-PREMISES BASED WEALTHTECH SOLUTIONS MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL CLOUD-BASED WEALTHTECH SOLUTIONS MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL WEALTHTECH SOLUTIONS MARKET SHARE BY ENTERPRISE SIZE, 2022 VS 2030 (%)
8. GLOBAL WEALTHTECH SOLUTIONS BY LARGE ENTERPRISES MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL WEALTHTECH SOLUTIONS BY SMALL AND MEDIUM-SIZED ENTERPRISES MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL WEALTHTECH SOLUTIONS MARKET SHARE BY END-USER, 2022 VS 2030 (%)
11. GLOBAL WEALTHTECH SOLUTIONS FOR BANKS MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL WEALTHTECH SOLUTIONS FOR WEALTH MANAGEMENT FIRMS MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL WEALTHTECH SOLUTIONS FOR OTHERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL WEALTHTECH SOLUTIONS FOR OTHERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL WEALTHTECH SOLUTIONS MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. US WEALTHTECH SOLUTIONS MARKET SIZE, 2022-2030 ($ MILLION)
17. CANADA WEALTHTECH SOLUTIONS MARKET SIZE, 2022-2030 ($ MILLION)
18. UK WEALTHTECH SOLUTIONS MARKET SIZE, 2022-2030 ($ MILLION)
19. FRANCE WEALTHTECH SOLUTIONS MARKET SIZE, 2022-2030 ($ MILLION)
20. GERMANY WEALTHTECH SOLUTIONS MARKET SIZE, 2022-2030 ($ MILLION)
21. ITALY WEALTHTECH SOLUTIONS MARKET SIZE, 2022-2030 ($ MILLION)
22. SPAIN WEALTHTECH SOLUTIONS MARKET SIZE, 2022-2030 ($ MILLION)
23. REST OF EUROPE WEALTHTECH SOLUTIONS MARKET SIZE, 2022-2030 ($ MILLION)
24. INDIA WEALTHTECH SOLUTIONS MARKET SIZE, 2022-2030 ($ MILLION)
25. CHINA WEALTHTECH SOLUTIONS MARKET SIZE, 2022-2030 ($ MILLION)
26. JAPAN WEALTHTECH SOLUTIONS MARKET SIZE, 2022-2030 ($ MILLION)
27. SOUTH KOREA WEALTHTECH SOLUTIONS MARKET SIZE, 2022-2030 ($ MILLION)
28. REST OF ASIA-PACIFIC WEALTHTECH SOLUTIONS MARKET SIZE, 2022-2030 ($ MILLION)
29. REST OF THE WORLD WEALTHTECH SOLUTIONS MARKET SIZE, 2022-2030 ($ MILLION)
