The global Wealth Management Software Market size is expected to reach USD 9.14 billion by 2028, registering a CAGR of 13.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing demand for efficient investment management, financial planning, and other forms of financial advice. Also, clients with High-Net-Worth (HNW) are seeking financial advice from a financial advisor, thereby driving the market growth.
Numerous
businesses across the globe are focusing on taking advice from financial
advisors about their financial assets. These advisors provide asset
management services to their clients to increase their clients’ wealth.
Furthermore, the increasing need to automate the wealth management processes in
digital devices is anticipated to propel the global market over the forecast
period.
Businesses
are widely adopting wealth management software to manage their wealth and
automate the workflow of financial processes. This software also helps
businesses improve digital involvement through the provision of open
architecture and omnibus access that can be easily integrated into numerous
wealth administration applications. These aforementioned factors are expected
to fuel the market growth over the forecast period.
The
outbreak of the COVID-19 pandemic is expected to favorably impact the market.
Asset and wealth managers are experiencing a time of exponential change.
Numerous businesses are focusing on crisis management, finance and liquidity,
operations and supply chain, tax and trade. This, in turn, is expected to
create growth opportunities for the market players.
Related Press
Release @ Wealth Management Software Market Report
Wealth Management Software Market Report Highlights
- Robo
advisory segment is expected to witness significant growth over the
forecast period as this platform is widely used to automate portfolio
creation based on the income, an input of suitable risk parameters, and
other facets of a client’s investment mandate
- Numerous
businesses across the globe are focusing on deploying cloud-based
solutions as it ensures easy access to data and enables businesses to
deliver personalized services to their clients
- The
increasing number of small and medium enterprises in various countries is
expected to drive market growth over the forecast period
- Financial
advisors are widely adopting financial advice and management solution to
increase productivity, improve workflow efficiency, and enhance client
relationships
- The trading and
exchange firms segment is expected to witness significant growth over the
forecast period as individuals are increasingly participating in forex and
equity to augment their financial gains
- North
America is witnessing an increase in the number of HNW individuals. This,
as a result, is expected to create growth opportunities for the regional
market growth
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment