Industry Background:
With the rapid seismic changes in the wealth management industry is rapidly evolving the Wealthtech industry. Wealthtech provides convergence between digitalization and the investment and wealth management sector. Wealthtech is one of the major verticals right now within the fintech industry. Indeed, investment in the wealthtech process has surged since 2014 and reached USD 4.6 billion across 247 deals in the FY 2018.This growth is primarily driven by The rapid emergence of challenger banks
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Specialized Finance sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as AdvisorEngine (United States), Advize Group (France), Aixigo (Germany), Calastone (United Kingdom), Comply Advantage (United Kingdom), Delio (United Kingdom) and DriveWealth (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Jun 2019, in a bid, for expansion, its product offering to the millennials, Niyo, India's leading, Neo-bank has announced to acquire Goalwise, known as the mutual fund's investment platformThe market is fragmented by key vendors who are focusing on production technologies, improving efficiency, and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies
Influencing Trend:
Continuous change in customer behavior, Development in technology and COVID-19 pandemic enhance the digitization of wealth management
Market Growth Drivers:
The rapid emergence of challenger banks, Development in the wealth management industry and The increasing number of Wealthtech deal in the Asia Pacific region, along with the highest growth is witnessed by Australia and Europe
Challenges:
Lack of process, methodology, and resource
Opportunities:
In the Asia Pacific regions, regulation is priming new opportunities, along with that Asian investors are pressuring wealth managers for greater transparency into the cost and Increase in regulation, digitization that drives wealth management sector
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Wealthtech Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Wealthtech Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Wealthtech players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Wealthtech Study Sheds Light on
The Wealthtech Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Wealthtech industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Wealthtech industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.