#WealthManagementSoftwareMarket

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Wealth Management Software Market Size Worth $5.80 Billion By 2025

The global wealth management software market size is expected to reach USD 5.80 billion by 2025, registering a CAGR of 15.3% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Growing need for digital tools that can automate the wealth management process is expected to drive the global market over the forecast period. Banks, trading houses, brokerage firms, forex traders, and asset management firms are some of the major end users of wealth management software. Apart from being cost-effective, these platforms can benefit end users by helping in wealth management and workflow automation. These platforms can also enhance digital engagement by providing omnichannel access and an open architecture, which can integrate seamlessly across various wealth management applications.

Such benefits bode well for the market growth. Wealth management software can also serve as advisory tools that ensure compliance with local and international regulatory requirements, help in tracking the market, and capture the investment opportunities for the users. Such capabilities are expected to drive their demand further. A wealth management software can typically provide the infrastructure necessary to support all the processes and operations asset managers have to undertake. Moreover, advances in technology are allowing financial advisors to introduce chatbots, intuitive client portals, biometrics, and enhanced mobile apps as part of the efforts to improve the customer experience as well as to attract new clients.

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Further key findings from the study suggest:

Robo     advisory mode is anticipated to record the highest CAGR of 16.0% from 2019     to 2025 as it is cost-effective and can potentially help investors by     providing information on assets in real time

The cloud     segment is expected to emerge as the largest segment over the forecast     period as cloud-based deployment helps in minimizing the operational costs     and ensures easy access to the data

The     financial advice and management segment is anticipated to expand at the     highest CAGR of 16.0% from 2019 to 2025 due to growing demand for tools to     manage finances

The trading     and exchange firms segment is anticipated to reach USD 1.01 billion by 2025     as individuals are increasingly investing in equity and forex to augment     their financial gains

North     America is expected to be the dominant market over the forecast period and     is anticipated to reach USD 2.09 billion by 2025 as advisory firms in the     region are increasingly adopting wealth management software

Some of the     key industry participants include Fiserv, Inc.; Temenos Headquarters SA;     Fidelity National Information Services, Inc.; Profile Software; SS&C     Technologies Holdings, Inc.; SEI Investments Company; Finantix, Comarch     SA; Objectway S.p.A.; and Dorsum Ltd.

See More Reports of This Category: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

About Grand View Research:

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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.