WealthTech Solution Market Insight on the Important Factors

WealthTech Solution Market Forecast to 2028 - COVID-19 Impact and Global 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) Geography

  • Report Code : TIPRE00022429
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 172
Buy Now

The wealthtech solution market is expected to grow from US$ 54.62 million in 2021 to US$ 137.44 million by 2028; it is estimated to grow at a CAGR of 14.1% during 2021–2028.

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.

Impact of COVID-19 Pandemic on WealthTech Solution Market

According to latest situation report from the World Health Organization (WHO), the US, India, Spain, Austria, France, Germany, the UK, Switzerland, Turkey, Brazil, Iran, and China are among the worst affected countries due to the COVID-19 outbreak. The outbreak crisis is affecting the industries worldwide and the global economy witnessed worst hit in 2020 and it is continued in 2021 also. The outbreak has created significant disruptions in primary industries, such as food & beverage, medical, energy & power, electronics & semiconductor, petroleum, and chemicals. A sharp decline in the growth of mentioned industrial activities is impacting the growth of the global Wealthtech solution market as they are the major supply and demand sources for wealthtech solution products and solutions.

Lucrative Regions for WealthTech Solution Providers

Lucrative Regions for WealthTech Solution Providers
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

WealthTech Solution Market Insights

Growing Use of Artificial Intelligence in Different Verticals

Artificial intelligence (AI) is helping the financial industry to streamline and optimize different processes, ranging from credit decisions to quantitative trading and financial risk management. The AI solutions facilitate more accurate assessment of traditionally underserved borrowers, such as millennials, in the credit decision-making process, thereby helping banks and credit lenders in making smarter underwriting decisions. Further, the use of AI helps smoothen and automate the financing process in several banks, investment firms, and wealth management firms. aixigo AG uses AI-based wealthtech solutions for providing digital transformation, private banking, retail banking, robo advisor, and asset management services. The robo advisor software of aixigo AG uses AI as a replacement of human component at the point-of-sale during the financial investment process. Similarly, Synechron Inc. provides an AI-based solution named Neo for the financial services industry. Neo uniquely brings together Synechron’s digital, business, and technology consulting to guide financial institutions through the deployment of AI solutions to solve complex business challenges. Therefore, the growing popularity of AI-based assistance in banks, investment firms, and wealth management firms is driving the WealthTech solutions market growth.

Component-Based Market Insights

Based on component, the wealthtech solution market is bifurcated into solution and services. In 2020, the solution segment led the market, accounting for a larger market share.

WealthTech Solution Market, by Component, 2020 and 2028 (%)

WealthTech Solution Market, by Component, 2020 and 2028 (%)

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

End User-Based Market Insights

Based on end user, the wealthtech solution market is segmented into banks, wealth management firms, and others. In 2020, the wealth management firms segment accounted for the largest market share.

Organization Size-Based Market Insights

Based on organization size, the wealthtech solution market is bifurcated into large enterprises and small and medium-sized enterprises. In 2020, the large enterprises segment accounted for a larger market share.

Deployment Mode-Based Market Insights

By deployment mode, the wealthtech solution market is bifurcated into cloud-based

and on-premises. In 2020, the cloud-based segment accounted for a larger market share.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

WealthTech Solution Market: Strategic Insights

WealthTech Solution Market

  • CAGR (2021 - 2028)
    14.1%
  • Market Size 2021
    US$ 54.62 Million
  • Market Size 2028
    US$ 137.44 Million

Market Dynamics

GROWTH DRIVERS
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX
FUTURE TRENDS
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX
OPPORTUNITIES
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX

Key Players

  • FinMason, Inc.
  • aixigo AG
  • InvestCloud, Inc.
  • WealthTechs Inc.
  • Valuefy Solutions Private Limited
  • 3rd-eyes analytics AG
  • BlackRock, Inc.
  • Synechron
  • Wealthfront Inc.
  • InvestSuite

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Component
  • Solution and Services
End User
  • Banks
  • Wealth Management Firms
  • Others
Organization Size
  • Large Enterprises and Small and Medium-Sized Enterprises
Deployment Mode
  • Cloud-Based and On-Premises
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

The players operating in the wealthtech solution market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

  • In March 2021, FinMason was selected by Informa Financial Intelligence’s Zephyr business, an analytics and visualization leader in the advisor space, to deliver ESG data from OWL Analytics via the FinRiver API to their Zephyr platform. This will combine FinMason’s API delivery system and OWL’s ESG Ratings for streamlined and accelerated deployment of holistic sustainable investing data across Portfolio Analytics & Performance.
  • In April 2021, BNP Paribas Wealth Management—Private Banking and aixigo jointly developed a solution that combines investment advisory and discretionary portfolio management. The new portfolio management system is a scalable advisory solution for all wealth management and affluent clients, which is expected to provide a strategic advantage to the company.

The global Wealthtech solution market has been segmented as mentioned below:

By Component

  • Solution
  • Services

By End User

  • Banks
  • Wealth Management Firms
  • Others

By Organization Size

  • Large Enterprises
  • Small and Medium-Sized Enterprises

By Deployment Mode

  • Cloud-Based
  • On-Premises


By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

Company Profiles

  • FinMason, Inc.
  • aixigo AG
  • InvestCloud, Inc.
  • WealthTechs Inc.
  • Valuefy Solutions Private Limited
  • 3rd-eyes analytics AG
  • BlackRock, Inc.
  • Synechron
  • Wealthfront Inc.
  • InvestSuite

WealthTech Solution Market Report Scope

Report Attribute Details
Market size in 2021 US$ 54.62 Million
Market Size by 2028 US$ 137.44 Million
Global CAGR (2021 - 2028) 14.1%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Component
  • Solution and Services
By End User
  • Banks
  • Wealth Management Firms
  • Others
By Organization Size
  • Large Enterprises and Small and Medium-Sized Enterprises
By Deployment Mode
  • Cloud-Based and On-Premises
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • FinMason, Inc.
  • aixigo AG
  • InvestCloud, Inc.
  • WealthTechs Inc.
  • Valuefy Solutions Private Limited
  • 3rd-eyes analytics AG
  • BlackRock, Inc.
  • Synechron
  • Wealthfront Inc.
  • InvestSuite
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Component , End User , Organization Size , and Deployment Mode Geography

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Australia, Austria, BeNeLux, Brazil, Canada, China, France, Germany, India, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Switzerland, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions


    What are reasons behind wealthtech solution (DCS) market growth?

    Surge in demand for financial analytics services and growing use of artificial intelligence in different verticals are driving the growth of the wealthtech solution market. These factors are propelling the adoption of wealthtech solution in various industries.

    What are market opportunities for wealthtech solution market?

    The market opportunity lies in developing countries. Developing countries have become a hub of opportunity for various markets, including wealthtech solution market. Thus, the increasing number of banks are presenting significant potential for the future growth of the wealthtech solution market players.

    Which component is expected to dominate the market in the forecast period?

    The global wealthtech solution market was dominated by the solution segment with market share of 66.6% in 2020.

    Which region has dominated the wealthtech solution market?

    In 2020, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific. North America is a prospective market for wealthtech solution manufacturers.

    Which are the major companies in the wealthtech solution market?

    The major companies in wealthtech solution includes Synechron; BlackRock, Inc.; InvestCloud, Inc.; Valuefy Solutions Private Limited; and Wealthfront Inc.

    Who are the major end users for wealthtech solution market?

    The major end users in wealthtech solution market includes banks, wealth management firms, and others. The wealth management firms segment led the wealthtech solution market globally with a market share of 43.0% in the year 2020 and is expected to continue its dominance during the forecast period.

    The List of Companies - WealthTech Solution Market

    1. FinMason, Inc.
    2. aixigo AG
    3. InvestCloud, Inc.
    4. WealthTechs Inc.
    5. Valuefy Solutions Private Limited
    6. 3rd-eyes analytics AG
    7. BlackRock, Inc.
    8. Synechron
    9. Wealthfront Inc.
    10. InvestSuite

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

    Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

    Trends and growth analysis reports related to WealthTech Solution Market