Global Asset Liability Management Solution Market Size study & Forecast, by Enterprise Size (Small & Medium Enterprise, and Large Enterprise), by Application (BFSI, Manufacturing, Healthcare, Telecom, and Others), and by End User (Individual, Corporate, High-Net-Worth Individual [HNWI], and Others) and Regional Analysis, 2022-2029
Global Asset Liability Management Solution Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Asset Liability Management Solution is a cloud and software-based solution utilized by financial institutions to get an accurate view of their profitability and earnings stability. Asset Liability solutions allows businesses to build balance sheet models that measure and forecast different aspects of business profitability. These solutions also help in accessing risk exposure to a business. The increasing demand for Cloud based solutions and growing adoption of third-party asset liability management solution as well as strategic initiatives from leading market players are key factors accelerating the market growth.
According to Statista - In 2021, the global cloud applications market was valued at USD 133.6 billion, and the market is projected to grow to USD 168.6 billion by 2025, witnessing a compound annual growth rate of 4.8 percent. Also, rising expansion of BFSI sector worldwide and growing industrialization in emerging markets would create lucrative growth prospectus for the market over the forecast period. However, rising concern over data security & privacy impedes market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Asset Liability Management Solution Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of revenue owing to presence of leading market players as well as rising expansion of IT sector in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising expansion of Banking and Financial services sector in the region.
Major market player included in this report are:
Genpact
EXL Services
Cognizant
Dell Technologies
WNS (Holdings) Ltd.
Accenture
Xerox Corporation
HCL Technologies
Capita
Invensis Technologies
Recent Developments in the Market:
In September 2020, Texas, USA based Abrigo, a leader in compliance, credit risk, and lending solutions for financial institutions, launched new web-based Asset/Liability Management (ALM) solution. This new solution would strengthen Abrigo’s ALM Solutions offerings.
In November 2021, Moody’s Analytics launched a new RiskIntegrity™ Investment Insight, an asset-liability management (ALM) solution for insurance companies. This new solution would be available as a software-as-a-service (SaaS) solution.
Global Asset Liability Management Solution Market Report Scope:
Historical DataCompanies Mentioned
Genpact
EXL Services
Cognizant
Dell Technologies
WNS (Holdings) Ltd.
Accenture
Xerox Corporation
HCL Technologies
Capita
Invensis Technologies
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