As cited by the research report titled ‘Wealth Management Platform Market Size By Advisory Mode (Human Advisory, Robo Advisory, Hybrid), By Deployment Model (On-premise, Cloud), By Application (Financial Advice & Management, Portfolio, Accounting, & Trading Management, Performance Management, Risk & Compliance Management, Reporting), By End-use (Banking, Investment Management Firms, Trading & Exchange Firms, Brokerage Firms), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027’, available with MarketStudyReport, global wealth management platform market is projected to expand significantly over 2021-2027.
 

Rising demand for efficient wealth management systems is a major factor driving global wealth management platform market growth.

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Notably, the COVID-19 pandemic has caused major disruptions in the financial sector, resulting in augmented demand for digital wealth management solutions, which is in turn favoring the industry outlook.

Prominent companies are implementing a variety of strategic initiatives in order to obtain a strong foothold in the rapidly changing industry landscape, which is positively swaying the global business landscape.

For the record, wealth management platforms provide financial institutions with the most up-to-date integrated tools and data-driven analytics to assist advisors in delivering smart solutions. Advisors can also use these platforms to better understand their clients' needs and recommend the best suited portfolios.

Considering the application based fragmentation of  worldwide wealth management platform industry, the performance management segment is expected to expand at 10% CAGR over the analysis period, owing to rising demand for understanding portfolio performance using analytics tools.

Speaking of the end user ambit, the brokerage firms segment is anticipated to grow at 15% CAGR over the assessment period, on account of increasing digitalization across brokerage firms.

The geographical analysis of global wealth management platform market extends to North America, Middle East & Africa, Asia-Pacific, Europe, and Latin America.  Experts cite that Latin America accounted for around 5% of the overall market in 2020 and is anticipated to accrue significant returns over 2021-2027, primarily due to expanding digitalization of the financial sector in the region.

Meanwhile, Middle East & Africa market is projected to grow at 10% CAGR over the estimated timeline owing to increasing demand for secure wealth management solutions in the region.

Leading players influencing the industry trends are InvestEdge Inc., InvestCloud Inc., Fiserv Inc., Fidelity National Information Services Inc. (FIS), Dorsum Zrt., Comarch S.A., Broadridge Financial Solutions Inc., Backbase B.V., Avaloq Group AG, Addepar Inc., Temenos AG, RobustWealth Inc., Refinitiv, SS&C Technologies Holdings Inc., SEI Investments Company, Prometeia SpA, Profile Systems and Software S.A., ObjectWay S.p.A., and Miles Software (P) Ltd.