SAN FRANCISCO, March 21, 2019
SAN FRANCISCO, March 21, 2019 /PRNewswire/ -- The global wealth management software market size is expected to reach USD 5.80 billion by 2025, registering a CAGR of 15.3% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. Growing need for digital tools that can automate the wealth management process is expected to drive the global market over the forecast period. Banks, trading houses, brokerage firms, forex traders, and asset management firms are some of the major end users of wealth management software. Apart from being cost-effective, these platforms can benefit end users by helping in wealth management and workflow automation. These platforms can also enhance digital engagement by providing omnichannel access and an open architecture, which can integrate seamlessly across various wealth management applications.
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Read 159 page research report with TOC on "Wealth Management Software Market Size, Share & Trends Analysis Report By Advisory Mode (Human, Robo), By Deployment (Cloud, On-premise), By Enterprise Size, By End Use, By Application, And Segment Forecasts, 2019 - 2025"at: https://www.grandviewresearch.com/industry-analysis/wealth-management-software-market
Such benefits bode well for the market growth. Wealth management software can also serve as advisory tools that ensure compliance with local and international regulatory requirements, help in tracking the market, and capture the investment opportunities for the users. Such capabilities are expected to drive their demand further. A wealth management software can typically provide the infrastructure necessary to support all the processes and operations asset managers have to undertake. Moreover, advances in technology are allowing financial advisors to introduce chatbots, intuitive client portals, biometrics, and enhanced mobile apps as part of the efforts to improve the customer experience as well as to attract new clients.
Grand View Research has segmented the global wealth management software market on the basis of advisory mode, deployment, application, end use, and region:
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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