Market Research

Wealth Management Platform Market is Emerging with $7.19 Billion of Industry Revenue by 2027 – Profile Software, SEI Investments Company, SS and C Technologies, Temenos Headquarters SA

May 27, 2020 12:40 PM ET
iCrowd Newswire – May 27, 2020

Wealth management platform market in global is expected to grow from US$ 2.20 Bn in 2018 to US$ 7.19 Bn by the year 2027. This represents a CAGR of 14.2% from the year 2019 to 2027.

Europe was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. North America wealth management platform market size is expected to gradually increase in the coming years till 2027, owing to the increasing spending in the wealth management industry in the region.

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Strategic Insights

The market players present in wealth management platform market are mainly focusing on product enhancements by implementing advanced technologies. By signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world permit the company to maintain its brand name globally. Few of the recent developments are listed below:

2019: In November 2019, StratiFi Technologies, a US-based company integrates SS and C Technologies’s Black Diamond Wealth Platform to increase risk analysis and compliance capabilities for registered investment advisor (RIA) companies.

2019: Temenos Headquarters SA declared that ABN AMRO Bank N.V., a Dutch bank has gone live with Temenos’ WealthSuite platform, which would strengthen the bank’s international operations for corporate and private banking.

2018: In August 2018, InvestEdge, Inc., partnered with Midland States Bank, a US-based bank which is swiftly growing wealth management business with around US$ 3.0 Bn in assets. Through this partnership, the bank would become a direct client of the company. It would benefit from greater control over its wealth management platform and flexibility in offering solutions to clients.

Global Wealth Management Platform Market- Advisory Model Insights

The global Wealth Management Platform market by advisory model was led by human advisory segment. Hybrid segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.

Global Wealth Management Platform Market – Business Function Insights

The global Wealth Management Platform market by business function was led by portfolio accounting and trading management segment. Performance management segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.

Global Wealth Management Platform Market – Deployment Type Insights

The global Wealth Management Platform market by deployment type was led by portfolio cloud segment. On-premise segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.

Global Wealth Management Platform Market – End-User Insights

The global Wealth Management Platform market by end-user was led by investment management firms segment. Banks segment held the second largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027.

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Keywords:    Wealth Management Platform, Wealth Management Platform Market 2020, Wealth Management Platform Market 2027, Wealth Management Platform Market