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North America WealthTech Solution Market

2021

North America WealthTech Solution Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solution and Services), End User (Banks, Wealth Management Firms, and Others), Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), and Deployment Mode (Cloud-Based and On-Premises)

Publication Month: Oct 2021 | Report Code: TIPRE00025276 | No. of Pages: 110 | Category: Technology, Media and Telecommunications | Status: Published

Market Insights

North America WealthTech Solution Market Market to Grow at a CAGR of 12.2% to reach US$ 42.06 billion from 2021 to 2028

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The wealthtech solution market in North America is expected to grow from US$ 18.81 billion in 2021 to US$ 42.06 billion by 2028; it is estimated to register a CAGR of 12.2% from 2021 to 2028.


The US, Canada, and Mexico are major economies in North America. Rising demand for financial analytics services is the major factor driving the growth of the North America wealthtech solution market. Organizations use financial analytics tools to gain insights into key present and future trends for improving their business performance. Financial analytics services include financial data quality analysis and data layout, client analytics, predictive analytics, principal component analysis, and financial data collection. These analytics require thorough financial and other relevant data to identify patterns; based on these predictions, enterprises may make predictions regarding what their customers would buy, how long their employees' tenures might be, and so on. Thus, financial analytics services help organizations improve the profitability, cash flow, and business value. They may use the insights gained through these analytics to improve their revenues and business processes. Accenture PLC provides the newest data and analytics solutions for financial service providers, along with assisting them in deploying the same. Its services for these firms include cost analytics and enterprise performance analytics. With a prime focus in income statements, balance sheets, and cash flow statements, financial analysis is employed to evaluate economic trends, set financial policies, formulate long-term business plans, and pinpoint projects or companies for investments. Financial service providers, including investment banks, generate and store more data than any other businesses, as finance is a transaction-heavy industry. The banks used data to estimate risks for improving the overall profitability in the subsequent years. Therefore, with multiple benefits in banks and investment firms, the demand for financial analytics services increasing significantly, thus boosting the wealthtech solutions market growth.

The US is the worst-hit country in North America due to the outbreak of COVID-19, with thousands of infected individuals facing severe health conditions across the country. Increasing number of infected individuals has led the government to impose lockdown across the nation’s borders during Q2. The majority of the manufacturing plants were either temporarily shut or are operating with minimum staff; the supply chain of components and parts is disrupted; these are some of the critical issues faced by the North American manufacturers. The US is one of the largest markets for wealthtech solution especially for services. Also, the country has a larger density of wealthtech solution vendors. However, the outbreak has severely affected the working process of banks and ongoing investments. Thus, the factors mentioned above have had a negative impact on the growth of the wealthtech solution market in the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America wealthtech solution market. The North America wealthtech solution market is expected to grow at a good CAGR during the forecast period.

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North America WealthTech Solution Market Segmentation

North America WealthTech Solution Market – By Component

  • Solution
  • Services

North America WealthTech Solution Market – By End User

  • Banks
  • Wealth Management Firms
  • Others

North America WealthTech Solution Market – By Organization Size

  • Large Enterprises
  • Small and Medium-Sized Enterprises

North America WealthTech Solution Market – By Deployment Mode

  • Cloud-Based
  • On-Premises

North America WealthTech Solution Market, by Country

  • US
  • Canada
  • Mexico

North America WealthTech Solution Market - Companies Mentioned

  • 3rd-eyes analytics AG
  • BlackRock, Inc.
  • FinMason, Inc.
  • InvestCloud, Inc.
  • InvestSuite
  • Synechron
  • Wealthfront Inc.
  • WealthTechs Inc.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 North America WealthTech Solution Market – By Component

1.3.2 North America WealthTech Solution Market – By End-User

1.3.3 North America WealthTech Solution Market – By Organization Size

1.3.4 North America By Deployment Mode

1.3.5 North America WealthTech Solution Market- By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America WealthTech Solution Market Landscape

4.1 Market Overview

4.2 North America PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America WealthTech Solutions Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Demand for Financial Analytics Services

5.1.2 Surging Usage of Artificial Intelligence in Different Verticals

5.2 Market Restraints

5.2.1 Security Issues Related with WealthTech Solutions

5.3 Market Opportunities

5.3.1 Growing Number of Banks

5.4 Future Trends

5.4.1 Growing Popularity of Cloud-Based Financial Analytics

5.5 Impact Analysis of Drivers and Restraints

6. WealthTech Solution Market – North America Analysis

6.1 North America WealthTech Solution Market Overview

6.2 North America WealthTech Solution Market –Revenue and Forecast to 2028 (US$ Billion)

7. North America WealthTech Solutions Market Analysis – By Component

7.1 Overview

7.2 North America WealthTech Solutions Market Breakdown, by Component, 2020 and 2028

7.3 Solution

7.3.1 Overview

7.3.2 Solution: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

7.4 Services

7.4.1 Overview

7.4.2 Services: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

8. North America WealthTech Solutions Market Analysis – By End User

8.1 Overview

8.2 North America WealthTech Solutions Market Breakdown, by End User, 2020 and 2028

8.3 Banks

8.3.1 Overview

8.3.2 Banks: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

8.4 Wealth Management Firms

8.4.1 Overview

8.4.2 Wealth Management Firms: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

8.5 Others

8.5.1 Overview

8.5.2 Others: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

9. North America WealthTech Solutions Market Analysis – By Organization Size

9.1 Overview

9.2 North America WealthTech Solutions Market Breakdown, by Organization Size, 2020 and 2028

9.3 Large Enterprises

9.3.1 Overview

9.3.2 Large Enterprises: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

9.4 Small and Medium-Sized Enterprises

9.4.1 Overview

9.4.2 Small and Medium-Sized Enterprises: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

10. North America WealthTech Solutions Market Analysis – By Deployment Mode

10.1 Overview

10.2 North America WealthTech Solutions Market Breakdown, by Deployment Mode, 2020 and 2028

10.3 Cloud-Based

10.3.1 Overview

10.3.2 Cloud-Based: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

10.4 On-Premises

10.4.1 Overview

10.4.2 On-Premises: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

11. North America WealthTech Solution Market – Country Analysis

11.1 Overview

11.1.1 North America: WealthTech Solution Market- by Key Country

11.1.1.1 US: WealthTech Solution Market – Revenue and Forecast to 2028 (US$ Billion)

11.1.1.1.1 US: WealthTech Solution Market- by Component

11.1.1.1.2 US: WealthTech Solution Market- By End-User

11.1.1.1.3 US: WealthTech Solution Market- By Organization Size

11.1.1.1.4 US: WealthTech Solution Market- By Deployment Mode

11.1.1.2 Canada: WealthTech Solution Market – Revenue and Forecast to 2028 (US$ Billion)

11.1.1.2.1 Canada: WealthTech Solution Market- by Component

11.1.1.2.2 Canada: WealthTech Solution Market- By End-User

11.1.1.2.3 Canada: WealthTech Solution Market- By Organization Size

11.1.1.2.4 Canada: WealthTech Solution Market- By Deployment Mode

11.1.1.3 Mexico: WealthTech Solution Market – Revenue and Forecast to 2028 (US$ Billion)

11.1.1.3.1 Mexico: WealthTech Solution Market- by Component

11.1.1.3.2 Mexico: WealthTech Solution Market- By End-User

11.1.1.3.3 Mexico: WealthTech Solution Market- By Organization Size

11.1.1.3.4 Mexico: WealthTech Solution Market- By Deployment Mode

12. Global WealthTech Solution Market- COVID-19 Impact Analysis

12.1 North America

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 Merger and Acquisition

13.4 New Development

14. Company Profiles

14.1 FinMason, Inc.

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 InvestCloud

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 WealthTechs Inc.

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 BlackRock, Inc.

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Synechron

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Wealthfront Inc.

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 InvestSuite

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 3rd Eyes Analytics

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Word Index

LIST OF TABLES

Table 1. North America WealthTech Solution Market – Revenue, and Forecast to 2028 (US$ Billion)

Table 2. US: WealthTech Solution Market- by Component –Revenue and Forecast to 2028 (US$ Billion)

Table 3. US: WealthTech Solution Market- By End-User –Revenue and Forecast to 2028 (US$ Billion)

Table 4. US: WealthTech Solution Market- By Organization Size –Revenue and Forecast to 2028 (US$ Billion)

Table 5. US: WealthTech Solution Market- By Deployment Mode –Revenue and Forecast to 2028 (US$ Billion)

Table 6. Canada: WealthTech Solution Market- by Component –Revenue and Forecast to 2028 (US$ Billion)

Table 7. Canada: WealthTech Solution Market- By End-User –Revenue and Forecast to 2028 (US$ Billion)

Table 8. Canada: WealthTech Solution Market- By Organization Size –Revenue and Forecast to 2028 (US$ Billion)

Table 9. Canada: WealthTech Solution Market- By Deployment Mode –Revenue and Forecast to 2028 (US$ Billion)

Table 10. Mexico: WealthTech Solution Market- by Component –Revenue and Forecast to 2028 (US$ Billion)

Table 11. Mexico: WealthTech Solution Market- By End-User –Revenue and Forecast to 2028 (US$ Billion)

Table 12. Mexico: WealthTech Solution Market- By Organization Size –Revenue and Forecast to 2028 (US$ Billion)

Table 13. Mexico: WealthTech Solution Market- By Deployment Mode –Revenue and Forecast to 2028 (US$ Billion)

Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. North America WealthTech Solution Market Segmentation

Figure 2. North America WealthTech Solution Market Segmentation – By Country

Figure 3. North America WealthTech Solution Market Overview

Figure 4. Solution Segment Held the Largest Market Share in 2020

Figure 5. Wealth Management Firms Held the Largest Market Share in 2020

Figure 6. Large Enterprise Held the Largest Market Share in 2020

Figure 7. Cloud Based Held the Largest Market Share in 2020

Figure 8. US was the Largest Revenue Contributor in 2020

Figure 9. North America – PEST Analysis

Figure 10. North America WealthTech Solution Market– Ecosystem Analysis

Figure 11. Expert Opinion

Figure 12. North America WealthTech Solution Market Impact Analysis of Drivers and Restraints

Figure 13. North America WealthTech Solution Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 14. North America WealthTech Solutions Market Breakdown, by Component (2020 and 2028)

Figure 15. North America Solution: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 16. North America Services: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 17. North America WealthTech Solutions Market Breakdown, by End User (2020 and 2028)

Figure 18. North America Banks: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 19. North America Wealth Management Firms: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 20. North America Others: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 21. North America WealthTech Solutions Market Breakdown, by Organization Size (2020 and 2028)

Figure 22. North America Large Enterprises: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 23. North America Small and Medium-Sized Enterprises: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 24. North America WealthTech Solutions Market Breakdown, by Deployment Mode (2020 and 2028)

Figure 25. North America Cloud-Based: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 26. North America On-Premises: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 27. North America: WealthTech Solution Market, by key Country – Revenue (2020) (US$ Billion)

Figure 28. North America: WealthTech Solution Market Revenue Share, by Key Country (2020 and 2028)

Figure 29. US: WealthTech Solution Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 30. Canada: WealthTech Solution Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 31. Mexico: WealthTech Solution Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 32. Impact of COVID-19 Pandemic in North American Country Markets

  1. 3rd-eyes analytics AG
  2. BlackRock, Inc.
  3. FinMason, Inc.
  4. InvestCloud, Inc.
  5. InvestSuite
  6. Synechron
  7. Wealthfront Inc.
  8. WealthTechs Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America wealthtech solution market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America wealthtech solution market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the wealthtech solution market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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