How Has The Computer Vision in Wealth Management Market Size Evolved In Recent Years?
The wealth management market has seen considerable growth due to a variety of factors.
• In recent times, there has been a substantial surge in the size of the wealth management market. This growth is projected to escalate from $1956.71 billion in 2024 to $2091.45 billion in 2025, marking a compound annual growth rate (CAGR) of 6.9%.
This notable expansion during the historic period can be ascribed to robust growth in emerging markets, an increase in the count of affluent individuals, widespread digitization, and enhanced internet usage.
What Are The Estimated Market Size And Expected Annual Growth Rates For Globa Wealth Management Market?
The wealth management market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated robust expansion is on the cards for the wealth management market in the coming years. It's projected to escalate to a value of $2726.44 billion by 2029, boasting a compound annual growth rate (CAGR) of 6.9%.
This predicted growth during the forecast period is largely ascribed to factors like a growing retiree demographic, an increase in the wealth of high-net-worth individuals, a heightened demand for alternative investments, a surge in investments from individual investors, and a rise in internet penetration levels. Key trends for the forecast period encompass the utilization of more AI applications for expedited customer responses, investments in cybersecurity technologies to bolster security measures, the provision of hybrid services to widen service realms, usage of robo advice for cost-effective fund management, investments in big data solutions to boost client acquisition and retention rates, adaptability to evolving demographics to spur revenues, dedication towards offering ethical investing services, commitment to delivering personalized services, and emphasis on partnerships, collaborations, and acquisitions.
What Factors Are Driving Growth In The Wealth Management Market?
Numerous wealth management organizations are escalating investments into their cybersecurity systems to ward off possible cyber threats. Cybersecurity is a collection of methods deployed to safeguard network integrity and data from unapproved access. It aids in enhancing the firms' security measures and thwarts the misplacement of critically sensitive customer details. Its significance is growing as it assists financial service entities, such as wealth management companies, in spotting theft and deception in investment operations. For example, a recent study revealed that 86% of companies in the financial services sector intend to allocate more efforts and resources to cybersecurity in the forthcoming year.
What Are The Key Segments Within The Global Wealth Management Market?
The wealth management market covered in this report is segmented –
1) By Type Of Asset Class: Equity, Fixed Income, Alternative Assets, Other Asset class
2) By Advisory Mode: Human Advisory, Robo Advisory, Hybrid Advisory
3) By Type Of Wealth Manager: Private Banks, Investment Managers, Full-Service Wealth Managers, Stockbrokers, Other Type of Wealth Manager
3) By Enterprise Size: Large Enterprises, Medium and Small Enterprises
Subsegments:
1) By Equity: Domestic Equities, International Equities, Large-Cap Stocks, Small-Cap Stocks, Exchange-Traded Funds (ETFs)
2) By Fixed Income: Government Bonds, Corporate Bonds, Municipal Bonds, Treasury Securities, Fixed Deposits
3) By Alternative Assets: Real Estate, Hedge Funds, Private Equity, Commodities, Art and Collectibles
4) By Other Asset Class: Cash and Cash Equivalents, Structured Products, Cryptocurrency, Derivatives
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How Are New Trends Impacting The Size Of The Wealth Management Market?
Numerous firms within the wealth management sector are incorporating big data analytics into their operations in order to glean insights that can improve and fine-tune their service offerings, leading to increased revenue. The usage of big data tools facilitates an in-depth understanding of client segments, product reach and the impact of training programs. They are deployed to examine both current and potential clients' propensity to buy an array of products and services, their value over time, investment behavior, and risk tolerance. Moreover, they are enabling wealth management organizations to monitor their business performance, amplify customer acquisition and loyalty, augment sales, and provide on-the-spot investment guidance. For instance, a Boston-based investment company, CargoMetrics, used the Automatic Identification System (AIS) for gathering data about commodity movement, such as the location and size of cargo, which was subsequently used to create an analytics platform for dealing in commodities, currencies, and equity index funds. This tool has also been purchased by other hedge funds and wealth management entities.
Who Are the Key Players in the Wealth Management Market?
Major companies operating in the wealth management market include:
• Morgan Stanley
• Bank of America Corporation
• UBS Group AG
• Wells Fargo & Company
• JPMorgan Chase & Co.
• Citigroup Inc.
• HSBC Holdings plc
• The Goldman Sachs Group. Inc.
• Credit Suisse Group AG
• BNP Paribas
• Kotak Wealth Management
• IIFL Wealth Management
• Axis Bank Wealth Management
• Edelweiss Wealth Management
• Angel Broking
• Avendus
• AUM Capital
• KW Wealth Advisors
• Noah Holdings
• AVIC Trust
• CreditEase
• Fosun International Limited
• China Huarong Asset Management Company Limited
• China International Capital Corporation
• Macquarie Asset Management
• Hamilton Wealth Management
• Professional Wealth
• Minchin Moore
• GFM Wealth Advisory
• VISIS Private Wealth
• Samsung Asset Management
• Asset One
• Bank Central Asia
• Dolfin
• Brewin Dolphin
• Canaccord Genuity Wealth Management
• Kingswood Group,Barclays Wealth Management
• Lloyds Banking Group
• Santander
• AFH Wealth Management
• Devonshire Wealth Management
• Alexander House Financial Services
• St James's Place Wealth Management
• Quilter)
• Indosuez Wealth Management
• Societe Generale
• UniCredit
• Intesa Sanpaolo
• Deutsche Bank
• Sparkassen
• Commerzbank
• ING-DiBa
• Arcano Partners
• BS Wealth Management
• Sberbank
• ATON
• Vanguard
• Charles Schwab
• Fidelity
• BNY Mellon Wealth Management
• Northern Trust
• Raymond James Financial
• RBC Wealth Management
• Bessemer Trust
• Longview Wealth Management
• Nicola Wealth
• Steadyhand Investment management
• Triasima Portfolio Management
• WealthBar
• Northwestern Mutual
• Basham Ringe y correa s.c
• Galicia abogadosare
• Edward Jones
• BTG Pactual
• Monet Investimentos
• Quilvest Wealth Management
• Aiva
• Credicorp
• KPMG
• Banco Safra
• NBK Wealth Management
• NOMW Capital
• Middle East Financial Investment Company
• Jadwa Investment
• Arbah Capital
• BMO Global Asset Management
• AtaInvest
• Akbank
• Protiviti
• Al Rajhi Capital
• CI Capital
• Griffon Capital
• Pioneer Wealth Management
• Investec Wealth Management
• Rockfin Wealth Management
• PSG Wealth
• Citadel
• Sanlam Private Wealth
• Nedbank Wealth
• Stone Wealth Management Noble Wealth Management (Pty) Ltd
• NFB Private Wealth Management
• NEXUS Investment Solution PLC
• Brenthurst Wealth management
• New Dawn Wealth Management
• Alger
What are the Regional Insights into the Wealth Management Market?
North America was the largest region in the wealth management market in 2024. Western Europe was the second largest region in the wealth management market. The regions covered in the wealth management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
