Report : North America Wealth Management Platform Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Advisory Model (Human Advisory, Robo-Advisory, and Hybrid), Business Function (Performance Management, Risk and Compliance Management, Portfolio Accounting and Trading Management, Financial Advice Management, Reporting, and Others), Deployment Type (Cloud and On-Premises), and End User (Investment Management Firms, Trading and Exchange Firms, Banks, Brokerage Firms, and Others)
Portfolio Accounting and Trading Management Segment to Dominate North America Wealth Management Platform Market during 2020–2028
According to a new market research study on “North America Wealth Management Platform Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, modularity, and Industry Vertical” is expected to reach US$ 2,972.67 million by 2028 from 1,348.97 US$ million in 2021. The market is estimated to grow at a CAGR of 5.2% from 2021 to 2028. The report provides trends prevailing in the North America wealth management platform market along with the drivers and restraints pertaining to the market growth. Surge in number of high net worth is the major factor driving the growth of the North America wealth management platform market. However, issues associated with high-profile data privacy and security concerns hinders the growth of North America wealth management platform market.
The North America wealth management platform market is segmented on the basis of advisory model, business function, deployment type, end user, and country. The market, based on advisory model, is segmented into human advisory, robo-advisory, and hybrid. The human advisory segment held the largest market share in 2020. The North America wealth management platform market, by business function, is segmented into performance management, risk and compliance management, portfolio accounting and trading management, financial advice management, reporting, and others. The portfolio accounting and trading management segment held the largest market share in 2020. The market, by deployment type, is segmented into cloud and on-premises. The cloud-based segment held a larger market share in 2020. The North America wealth management platform market, by end user, is segmented into trading and exchange firms, banks, brokerage firms, investment management firms, and others. The investment management firms segment held the largest market share in 2020. Based on country, the North America wealth management platform market is segmented into the US, Canada, and Mexico.
Broadridge Financial Solutions, Inc.; Comarch SA; FIS Global; Fiserv, Inc.; InvestCloud; InvestEdge, Inc.; Profile Software S.A.; SEI Investments Developments, Inc.; SS&C Technologies, Inc.; and Temenos Headquarters SA are among the leading companies in the North America wealth management platform market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, FORTUNE magazine has named – Broadridge Financial Solutions, Inc., to its list of the World’s Most Admired Companies in the financial data services industry.
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