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Global Wealthtech Solutions Market Size Forecast 2024-2033

12 Dec, 2024

What Is The Scope Of The Global Wealthtech Solutions Market?

Wealthtech solution refers to the use of technology to provide digital solutions and services aimed at optimizing the management of personal finances and wealth. It encompasses a broad range of innovations and applications that cater to various aspects of wealth management, investment advisory, and financial planning.

Wealthtech Solutions Global Market Report 2024 provides data on the global wealthtech solutions market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The wealthtech solutions market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.

What Are The Estimated Market Size And Expected Annual Growth Rates For Global Wealthtech Solutions ?

The wealthtech solutions market has grown rapidly, from $4.72 billion in 2023 to $5.42 billion in 2024, reflecting a CAGR of 14.7%. This growth is driven by the rise of online trading platforms, robo-advisors, mobile banking apps, mutual funds and ETFs, and low-cost trading options. The market is expected to grow to $9.43 billion by 2028, at a CAGR of 14.9%, driven by growing interest in digital financial services, improved customer service, cybersecurity enhancements, and the rise of digital wealth management platforms. Key trends include the increasing use of AI and machine learning, blockchain integration, innovative solutions, cloud computing, and big data analytics.

What Are The Leading Drivers Of Growth In The Wealthtech Solutions Market?

The expanding interest in digital financial services is contributing to the growth of the wealthtech solutions market. Digital financial services, encompassing online banking, mobile payments, and investment platforms, cater to consumer preferences for accessible, efficient, and personalized financial management. Wealthtech solutions integrate digital tools to enhance wealth management experiences. For example, FedPayments Improvement noted in May 2024 that the adoption of digital wallets and mobile apps by businesses increased from 47% in 2022 to 62% in 2023. This surge in digital financial service adoption is propelling the wealthtech solutions market.

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How Are The Segments Defined Within The Global Wealthtech Solutions Market?

The wealthtech solutions market covered in this report is segmented –
1) By Components: Solution, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises (SMEs)
4) By End User: Banks, Investment Firms, Wealth Management Firms, Other End-Users

How Are New Trends Expected To Influence The Growth Of The Wealthtech Solutions Market?

In the wealthtech solutions market, companies are innovating portfolio management software to stay competitive. This software allows wealth managers to efficiently track and manage client investments. For instance, in July 2022, Bricknode launched its Investment Manager software, which allows investors to monitor assets and liabilities in one platform, analyze investment performance, and manage portfolios. It is designed for small family offices and corporate investors, offering automation and centralized management.

Which Region Drives The Highest Growth In The Wealthtech Solutions Market?

North America was the largest region in the wealthtech solutions market in 2023. The regions covered in the wealthtech solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.