Asset and Wealth Management Market Growth Drivers | Top Industry Players |with Booming CAGR of 4.40% by 2029
Data Bridge Market Research analyses that the asset and wealth management market was valued at USD 3.5 billion in 2021 and is expected to reach the value of USD 4.94 billion by 2029, at a CAGR of 4.40% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Asset and Wealth Management market report presents thorough information about the global industry comprising of valuable figures and stats. Moreover, the report contains records starting from the base year (2022) and stretches until the forecast period (2023-2029). This market research report has set a bench-marking example for such a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA).
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Product definition
Asset management is the management of assets such as stocks, fixed income instruments, real estate, and global investments, among other things, whereas wealth management is the oversight of all financial aspects such as asset management, taxes, estate planning, cash flow management, and any other conceivable use of money. Thus, wealth management encompasses asset management and takes a holistic approach to the client's finances. A financial planning and monitoring platform, as well as tax and legal advice, estate planning, personal retail banking services, online banking, retirement planning, and investment management, is developed specifically for asset and wealth management.
Some of the major players operating Asset and Wealth Management market are
- IBM Corporation (U.S.)
- Microsoft (U.S.)
- Siemens AG (Germany)
- ANSYS, Inc (U.S.)
- SAP SE (Germany)
- Oracle (U.S.)
- Robert Bosch GmbH (Germany)
- Swim.ai, Inc. (U.S.).
- Atos S.E. (France)
- ABB (Switzerland)
- KELLTON TECH (India)
- AVEVA Group plc (U.K.)
- DXC Technology Company (U.S.)
- Altair Engineering, Inc (U.S.)
- Hexaware Technologies Limited (India)
- Tata Consultancy Services Limited (India)
- Infosys Limited (Bengaluru)
- NTT DATA, Inc. (Japan)
- TIBCO Software Inc. (U.S.)
Key Market Segments Covered in Asset and Wealth Management Market Industry Research
Asset class
- Equity
- Fixed Income
- Alternative Assets
- Others
Advisory mode
- Human Advisory
- Robo Advisory
- Hybrid Advisory
Component
- Hardware
- Software
- Services
Institution
- Banks
- Broker Dealers
- Specialty Finance
- Wealth Advisors
- Others
Enterprise size
- Small and medium sized enterprises
- Large Enterprises
Type of client
- Mass Affluent
- HNWI
- Pension Funds
- Insurance Companies
- Sovereign Wealth Funds
Service element
- Asset Management
- Portfolio Management and Investment Advisory
- Funds
- Trusts
- Other Financial Vehicles
Asset and Wealth Management Market Regional Analysis/Insights
The asset and wealth management market is analysed and market size insights and trends are provided by country, asset class, advisory mode, component, institution, enterprise size, type of client, and service element. as referenced above.
The countries covered in the asset and wealth management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America will dominate the asset and wealth management market due to the large market share of the United States and Canada, as well as rising demand for solutions by the region's financial institutions.
Asia-Pacific will grow during the forecast period of 2022-2029 due to the expansion of the financial and banking sector.
Drivers
- Adoption of advanced technologies and rising demand for cloud-based asset management
The emergence of IoT devices in almost all industry verticals, the integration of drone and AI-based asset management, and rising demand for cloud-based solutions are the primary factors driving the asset and wealth management market growth. Furthermore, the increasing adoption of advanced technologies for asset lifecycle extension, the emergence of disruptive digital technologies across industry verticals, and technological developments are all contributing to the market's growth.
Low running cost and better information on capital investment decision
Maintenance costs can be reduced by closely tracking operations, providing better information on capital investment decisions, and integrating maintenance solutions for effective equipment control. Furthermore, this helps reduce operating costs by lowering material procurement costs, maintenance costs, and project return on investment (ROI). Businesses are lowering their operating costs by implementing the necessary software. With the increasing need for businesses to reduce their maintenance and procurement costs by a significant amount, the asset and wealth management market is expected to grow significantly.
Opportunity
Increasing demand for alternative investments, adoption of artificial intelligence, block chain, and big data in wealth management, rising demand for hybrid management services, and global digitalization trends will likely drive the asset and wealth management market growth during the forecast period.
Restraints
In the forecasted period, the prevalence of fintech firms will act as a market restraint for asset and wealth management.
This asset and wealth management market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the asset and wealth management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In 2021, Dynamo Software, a leading provider of complete cloud software for the alternative investment management industry, signed a definitive agreement for a strategic growth investment from funds managed by Blackstone Growth (BXG).
- In 2021, CAIS, the leading alternative investment platform, and BNY Mellon's Pershing, a leading provider of clearing and custody services, announced a series of platform updates aimed at improving alternative investment product access and order processes as brokers and financial advisors allocate to new asset classes on their clients' behalf.
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How does this Asset and Wealth Management Market Insights Help?
- Asset and Wealth Management Market share (regional, product, application, end-user) both in terms of volume and revenue along with CAGR
- The Key parameters which are driving this market and restraining its growth
- What all challenges manufacturers will face as well as new opportunities and threats faced by them
- To learn about the market strategies that are being adopted by your competitors and leading organizations
- To Increase insightful analyses of the market and have a comprehensive understanding of the “Asset and Wealth Management Market” and its commercial landscape
TABLE OF CONTENTS
- Part 01: Executive Summary
- Part 02: Scope of The Report
- Part 03: Research Methodology
- Part 04: Market Landscape
- Part 05: Pipeline Analysis
- Part 06: Market Sizing
- Part 07: Five Forces Analysis
- Part 08: Market Segmentation
- Part 09: Customer Landscape
- Part 10: Regional Landscape
- Part 11: Decision Framework
- Part 12: Drivers and Challenges
- Part 13: Market Trends
- Part 14: Vendor Landscape
- Part 15: Vendor Analysis
- Part 16: Appendix
For Detailed TOC | Follow @ https://www.databridgemarketresearch.com/toc/?dbmr=global-asset-and-wealth-management-market
Queries Resolved In This Report:
- Which will be the specialties at which Asset and Wealth Management Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set nearness?
- Which will be the foreseen development rates for your own Asset and Wealth Management economy out and out and furthermore for each portion inside?
- Which will be the Asset and Wealth Management application and sorts and estimate joined intently by makers?
- Which will be the dangers which will attack growth?
- The length of the Asset and Wealth Management market opportunity?
- How Asset and Wealth Management Market share advance vacillations their value from various assembling brands?
WHO SHOULD BUY THE ASSET AND WEALTH MANAGEMENT REPORT?
People looking to enrich the decision-making capability by following points must buy the report:
- Breakdown of market share of the top Asset and Wealth Management industry players
- Evaluations of market share for the regional and country level sectors
- Estimation of Asset and Wealth Management market for the forecast period of all the aforementioned classes, sub classes, and the domestic markets
- Tactical recommendation for the newbies
- Tactical recommendation in primary business industries based on the Asset and Wealth Management market forecast
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