North America WealthTech Solution Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solution and Services), End User (Banks, Wealth Management Firms, and Others), Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), and Deployment Mode (Cloud-Based and On-Premises)

Code: TIPRE00025276 | Pages: 110 | Industry: Technology, Media and Telecommunications | Date: Oct 2021
Covid

Market Introduction

In recent years, competition in the wealth management business in North America has increased with the development of new operating models in businesses and vigorous efforts of new entrants to capture a share of the world's largest market of investable assets. Banks and private firms, on the other hand, are increasingly demanding more from their wealth management advisors, thus creating huge demand for cutting-edge financial solutions that are tailored to their individual needs. Furthermore, gross wealth of North America has risen with time. According to the Capgemini World Wealth report, North America has surpassed Asia Pacific in terms of the rise in number of high-net-worth people and the speed at which their wealth has grown, for the first time since 2015. In 2020, 55% of ~1.2 million newly listed high-net-worth people were North Americans, in contrast to 39% of ~1.6 million newly listed ones in the previous year. The region accounted for 46% of the total increase in wealth within that group in 2020, up from 37% in 2019. Therefore, there would be a surge in demand for wealthtech solutions in North America during the forecast period. Investors from North America continue to have a greater risk tolerance than investors in other parts of the world. In 2019, the US invested over half of its entire wealth in the stock market. The subsequent emergence of new pricing structures and wealth management business models, based on better client–advisor ties and more personalized financial advice, fuel the demand for wealthtech solutions. wealthtech processes were already in action before to the onset of COVID-19, and the pandemic has accelerated them further.         

The US is the worst-hit country in North America due to the outbreak of COVID-19, with thousands of infected individuals facing severe health conditions across the country. The increasing number of infected individuals has led the government to impose lockdown across the nation’s borders during Q2 in 2020. A few of the critical issues faced by the North American manufacturers a majority of manufacturing plants are either temporarily shut or are operating with minimum staff and the supply chain of components and parts is disrupted. The outbreak has severely affected the working process of banks and ongoing investments. Thus, the factors mentioned above have had a negative impact on the growth of the wealthtech solution market in the region.                  


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Market Overview and Dynamics

The wealthtech solution market in North America is expected to grow from US$ 18.81 billion in 2021 to US$ 42.06 billion by 2028; it is estimated to grow at a CAGR of 12.2% from 2021 to 2028. With the digital transformation, the use of the cloud-based platform as these platforms deployed with simplicity in less time and at low deployment costs. Further, developed countries have matured internet infrastructure, while it is flourishing in several developing countries, which is a major factor contributing to the enhanced access of cloud-based platforms to end users. Financial analytics helps banking sectors to provide enhanced customer experience and risk management assistance. Cloud is emerging as a better alternative for banking and other financial service providers to store data and applications, and access advanced software applications through the internet. It helps synchronize enterprise operations and break down operational and data silos. Moreover, cloud-based financial analytics helps build resilient operations, drive business innovation, enhance IT security, and scale computing costs as needed. Therefore, the growing need of cloud-based financial analytics in the banking sector and other financial firms is bolstering the demand for wealthtech solutions.  

Key Market Segments

North America wealthtech solution market is segmented into component, end user, organization size, deployment mode, and country. Based on component, the wealthtech solution market is bifurcated into solution and services. In 2020, the solution segment led the market, accounting for a larger market share. Based on end user, the wealthtech solution market is segmented into banks, wealth management firms, and others. In 2020, the wealth management firms segment accounted for the largest market share. Based on organization size, the wealthtech solution market is bifurcated into large enterprises and small and medium-sized enterprises. In 2020, the large enterprises segment accounted for a larger market share. By deployment mode, the wealthtech solution market is bifurcated into cloud-based and on-premises. In 2020, the cloud-based segment accounted for a larger market share.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the wealthtech solution market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 3rd-eyes analytics AG; BlackRock, Inc.; FinMason, Inc.; InvestCloud, Inc.; InvestSuite; Synechron; Wealthfront Inc.; and WealthTechs Inc.         

Reasons to buy report

  • To understand the North America wealthtech solution market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America wealthtech solution market.
  • Efficiently plan M&A and partnership deals in North America wealthtech solution market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America wealthtech solution market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America WealthTech Solution Market Segmentation

North America WealthTech Solution Market - By Component

  • Solution
  • Services

North America WealthTech Solution Market - By End User

  • Banks
  • Wealth Management Firms
  • Others

North America WealthTech Solution Market - By Organization Size

  • Large Enterprises
  • Small and Medium-Sized Enterprises

North America WealthTech Solution Market - By Deployment Mode

  • Cloud-Based
  • On-Premises

North America WealthTech Solution Market - By Country

  • US
  • Canada
  • Mexico

North America WealthTech Solution Market - Company Profiles

  • 3rd-eyes analytics AG
  • BlackRock, Inc.
  • FinMason, Inc.
  • InvestCloud, Inc.
  • InvestSuite
  • Synechron
  • Wealthfront Inc.
  • WealthTechs Inc.
 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America WealthTech Solution Market – By Component

1.3.2        North America WealthTech Solution Market – By End-User

1.3.3        North America WealthTech Solution Market – By Organization Size

1.3.4        North America By Deployment Mode

1.3.5        North America WealthTech Solution Market- By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America WealthTech Solution Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America WealthTech Solutions Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising Demand for Financial Analytics Services

5.1.2        Surging Usage of Artificial Intelligence in Different Verticals

5.2         Market Restraints

5.2.1        Security Issues Related with WealthTech Solutions

5.3         Market Opportunities

5.3.1        Growing Number of Banks

5.4         Future Trends

5.4.1        Growing Popularity of Cloud-Based Financial Analytics

5.5         Impact Analysis of Drivers and Restraints

6.           WealthTech Solution Market – North America Analysis

6.1         North America WealthTech Solution Market Overview

6.2         North America WealthTech Solution Market –Revenue and Forecast to 2028 (US$ Billion)

7.           North America WealthTech Solutions Market Analysis – By Component

7.1         Overview

7.2         North America WealthTech Solutions Market Breakdown, by Component, 2020 and 2028

7.3         Solution

7.3.1        Overview

7.3.2        Solution: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

7.4         Services

7.4.1        Overview

7.4.2        Services: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

8.           North America WealthTech Solutions Market Analysis – By End User

8.1         Overview

8.2         North America WealthTech Solutions Market Breakdown, by End User, 2020 and 2028

8.3         Banks

8.3.1        Overview

8.3.2        Banks: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

8.4         Wealth Management Firms

8.4.1        Overview

8.4.2        Wealth Management Firms: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

8.5         Others

8.5.1        Overview

8.5.2        Others: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

9.           North America WealthTech Solutions Market Analysis – By Organization Size

9.1         Overview

9.2         North America WealthTech Solutions Market Breakdown, by Organization Size, 2020 and 2028

9.3         Large Enterprises

9.3.1        Overview

9.3.2        Large Enterprises: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

9.4         Small and Medium-Sized Enterprises

9.4.1        Overview

9.4.2        Small and Medium-Sized Enterprises: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

10.        North America WealthTech Solutions Market Analysis – By Deployment Mode

10.1      Overview

10.2      North America WealthTech Solutions Market Breakdown, by Deployment Mode, 2020 and 2028

10.3      Cloud-Based

10.3.1     Overview

10.3.2     Cloud-Based: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

10.4      On-Premises

10.4.1     Overview

10.4.2     On-Premises: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

11.        North America WealthTech Solution Market – Country Analysis

11.1      Overview

11.1.1     North America: WealthTech Solution Market- by Key Country

11.1.1.1       US: WealthTech Solution Market – Revenue and Forecast to 2028 (US$ Billion)

11.1.1.1.1       US: WealthTech Solution Market- by Component

11.1.1.1.2       US: WealthTech Solution Market- By End-User

11.1.1.1.3       US: WealthTech Solution Market- By Organization Size

11.1.1.1.4       US: WealthTech Solution Market- By Deployment Mode

11.1.1.2       Canada: WealthTech Solution Market – Revenue and Forecast to 2028 (US$ Billion)

11.1.1.2.1       Canada: WealthTech Solution Market- by Component

11.1.1.2.2       Canada: WealthTech Solution Market- By End-User

11.1.1.2.3       Canada: WealthTech Solution Market- By Organization Size

11.1.1.2.4       Canada: WealthTech Solution Market- By Deployment Mode

11.1.1.3       Mexico: WealthTech Solution Market – Revenue and Forecast to 2028 (US$ Billion)

11.1.1.3.1       Mexico: WealthTech Solution Market- by Component

11.1.1.3.2       Mexico: WealthTech Solution Market- By End-User

11.1.1.3.3       Mexico: WealthTech Solution Market- By Organization Size

11.1.1.3.4       Mexico: WealthTech Solution Market- By Deployment Mode

12.        Global WealthTech Solution Market- COVID-19 Impact Analysis

12.1      North America

13.        Industry Landscape

13.1      Overview

13.2      Market Initiative

13.3      Merger and Acquisition

13.4      New Development

14.        Company Profiles

14.1      FinMason, Inc.

14.1.1     Key Facts

14.1.2     Business Description

14.1.3     Products and Services

14.1.4     Financial Overview

14.1.5     SWOT Analysis

14.1.6     Key Developments

14.2      InvestCloud

14.2.1     Key Facts

14.2.2     Business Description

14.2.3     Products and Services

14.2.4     Financial Overview

14.2.5     SWOT Analysis

14.2.6     Key Developments

14.3      WealthTechs Inc.

14.3.1     Key Facts

14.3.2     Business Description

14.3.3     Products and Services

14.3.4     Financial Overview

14.3.5     SWOT Analysis

14.3.6     Key Developments

14.4      BlackRock, Inc.

14.4.1     Key Facts

14.4.2     Business Description

14.4.3     Products and Services

14.4.4     Financial Overview

14.4.5     SWOT Analysis

14.4.6     Key Developments

14.5      Synechron

14.5.1     Key Facts

14.5.2     Business Description

14.5.3     Products and Services

14.5.4     Financial Overview

14.5.5     SWOT Analysis

14.5.6     Key Developments

14.6      Wealthfront Inc.

14.6.1     Key Facts

14.6.2     Business Description

14.6.3     Products and Services

14.6.4     Financial Overview

14.6.5     SWOT Analysis

14.6.6     Key Developments

14.7      InvestSuite

14.7.1     Key Facts

14.7.2     Business Description

14.7.3     Products and Services

14.7.4     Financial Overview

14.7.5     SWOT Analysis

14.7.6     Key Developments

14.8      3rd Eyes Analytics

14.8.1     Key Facts

14.8.2     Business Description

14.8.3     Products and Services

14.8.4     Financial Overview

14.8.5     SWOT Analysis

14.8.6     Key Developments

15.        Appendix

15.1      About The Insight Partners

15.2      Word Index

LIST OF TABLES

Table 1.             North America WealthTech Solution Market – Revenue, and Forecast to 2028 (US$ Billion)

Table 2.             US: WealthTech Solution Market- by Component –Revenue and Forecast to 2028 (US$ Billion)

Table 3.             US: WealthTech Solution Market- By End-User –Revenue and Forecast to 2028 (US$ Billion)

Table 4.             US: WealthTech Solution Market- By Organization Size –Revenue and Forecast to 2028 (US$ Billion)

Table 5.             US: WealthTech Solution Market- By Deployment Mode –Revenue and Forecast to 2028 (US$ Billion)

Table 6.             Canada: WealthTech Solution Market- by Component –Revenue and Forecast to 2028 (US$ Billion)

Table 7.             Canada: WealthTech Solution Market- By End-User –Revenue and Forecast to 2028 (US$ Billion)

Table 8.             Canada: WealthTech Solution Market- By Organization Size –Revenue and Forecast to 2028 (US$ Billion)

Table 9.             Canada: WealthTech Solution Market- By Deployment Mode –Revenue and Forecast to 2028 (US$ Billion)

Table 10.          Mexico: WealthTech Solution Market- by Component –Revenue and Forecast to 2028 (US$ Billion)

Table 11.          Mexico: WealthTech Solution Market- By End-User –Revenue and Forecast to 2028 (US$ Billion)

Table 12.          Mexico: WealthTech Solution Market- By Organization Size –Revenue and Forecast to 2028 (US$ Billion)

Table 13.          Mexico: WealthTech Solution Market- By Deployment Mode –Revenue and Forecast to 2028 (US$ Billion)

Table 14.          List of Abbreviation

LIST OF FIGURES

Figure 1.           North America WealthTech Solution Market Segmentation

Figure 2.           North America WealthTech Solution Market Segmentation – By Country

Figure 3.           North America WealthTech Solution Market Overview

Figure 4.           Solution Segment Held the Largest Market Share in 2020

Figure 5.           Wealth Management Firms Held the Largest Market Share in 2020

Figure 6.           Large Enterprise Held the Largest Market Share in 2020

Figure 7.           Cloud Based Held the Largest Market Share in 2020

Figure 8.           US was the Largest Revenue Contributor in 2020

Figure 9.           North America – PEST Analysis

Figure 10.        North America WealthTech Solution Market– Ecosystem Analysis

Figure 11.        Expert Opinion

Figure 12.        North America WealthTech Solution Market Impact Analysis of Drivers and Restraints

Figure 13.        North America WealthTech Solution Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 14.        North America WealthTech Solutions Market Breakdown, by Component (2020 and 2028)

Figure 15.        North America Solution: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 16.        North America Services: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 17.        North America WealthTech Solutions Market Breakdown, by End User (2020 and 2028)

Figure 18.        North America Banks: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 19.        North America Wealth Management Firms: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 20.        North America Others: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 21.        North America WealthTech Solutions Market Breakdown, by Organization Size (2020 and 2028)

Figure 22.        North America Large Enterprises: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 23.        North America Small and Medium-Sized Enterprises: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 24.        North America WealthTech Solutions Market Breakdown, by Deployment Mode (2020 and 2028)

Figure 25.        North America Cloud-Based: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 26.        North America On-Premises: WealthTech Solutions Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 27.        North America: WealthTech Solution Market, by key Country – Revenue (2020) (US$ Billion)

Figure 28.        North America: WealthTech Solution Market Revenue Share, by Key Country (2020 and 2028)

Figure 29.        US: WealthTech Solution Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 30.        Canada: WealthTech Solution Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 31.        Mexico: WealthTech Solution Market – Revenue and Forecast to 2028 (US$ Billion)

Figure 32.        Impact of COVID-19 Pandemic in North American Country Markets

  1. 3rd-eyes analytics AG
  2. BlackRock, Inc.
  3. FinMason, Inc.
  4. InvestCloud, Inc.
  5. InvestSuite
  6. Synechron
  7. Wealthfront Inc.
  8. WealthTechs Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America wealthtech solution market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America wealthtech solution market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the wealthtech solution market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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