wealth management services Market Size, Share to Register Significant Gains During 2020-2027 – Industry News

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Feb 16, 2021 (Market Insight Reports) — Selbyville, Delaware. The report Wealth management services Market Size and Analysis maintains enhanced dynamics and is overshadowed by a top player across the globe. The research report provides Wealth management services Market Growth and information corresponding to market segments such as geographies, product type, application, and end-use industry. Experts use the most recent Wealth management services Market research techniques and tools to assemble widespread and precise marketing research reports. A detailed outline about Wealth management services market size and share were combined in this report which gives a comprehensive analysis of different verticals of businesses.

Global wealth management services market is valued approximately USD 2.0 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 13.4% over the forecast period 2020-2027.

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Wealth management refers to the combined investment portfolio management strategy, financial planning, and a number of other aggregated financial services typically used by high net worth individuals, families who are seeking help from a credential financial advisor and small business owners. The increasing business expansions, mergers and acquisitions, joint ventures, and other inorganic strategies are the driving factors. According to Statista, As of 2016, there were 116 private wealth management companies operating on the London market. Indians held roughly 430 trillion rupees as part of individual wealth assets during the 2019 financial year. It was estimated that by the financial year 2024 this would go up to nearly 800 trillion rupees, marking a compound annual growth rate in the individual wealth valuation of around 13 per cent. Due to the advantages of cloud technology over on-site solutions such as agility, scalability, reduced operating costs, flexible payment options, easy data access and self-service capabilities, the rapid adoption of cloud solutions can be seen as opportunity factors. Trust is one of the major issues as the recent economic crises have significantly reduced trust in wealth management among clients.

The regional analysis of global wealth management services market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Although developing economies have sprung from industrial growth to developed countries, the relatively stronger economic status of the United States and other leading European economies has remained the driving force behind asset and wealth management in developed regions. Market leaders are adopting fee compression strategies, employing pricing of asset and wealth management solutions as a lever to grow in North America. Meanwhile, in developing countries, especially in Asia Pacific, the strategies of market players are likely to revolve around improving technological penetration to leverage increasing economic growth of the region, in the near future.

Major market player included in this report are:

FIS Global Business Solutions India Pvt. Ltd.,

Fiserv India Pvt Ltd,

Broadridge Financial Solution India Pvt. Ltd,

Temenos India Pvt Ltd,

SEI Technology Services India Private Limited,

Finacrest Wealth,

Finantix,

Karvy Corporate

BNP Paribas Asset Management India Private Limited.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Advisory Model

Human advisory

Robo advisory

Hybrid

By Business Function

Financial advice management

Portfolio, accounting, and trading management

Performance management

Risk and compliance management

Reporting

Others (billing and benchmarking)

By Deployment Model

Cloud

On-premises

By End-User Industry

Banks

Investment management firms

Trading and exchange firms

Brokerage firms

Others (asset management firms, and custody and compliance providers)

Furthermore, years considered for the study are as follows:

Historical year a?? 2017, 2018

Base year a?? 2019

Forecast period a?? 2020 to 2027

Target Audience of the Global Urgent Care Center Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

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