Global Wealth Management Market 2024-2028
The wealth management market is forecasted to grow by USD 450.6 bn during 2023-2028, accelerating at a CAGR of 8.8% during the forecast period. The report on the wealth management market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising number of hnis globally, introduction of diversified wealth management services by vendors, and rising demand for alternative investment support of government.
Technavio's wealth management market is segmented as below:
By Business Segment
- Human advisory
- Hybrid advisory
- Robo advisory
By End-user
- Banks
- Trading and exchange firms
- Investment management firms
- Brokerage firms
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the technological advances in market in focus as one of the prime reasons driving the wealth management market growth during the next few years. Also, growing focus on sustainable investing and change in demographic shift creating wealth management opportunities will lead to sizable demand in the market.
The report on the wealth management market covers the following areas:
- Wealth management market sizing
- Wealth management market forecast
- Wealth management market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wealth management market vendors that include Allianz SE, Bank of America Corp., BlackRock Inc., BNP Paribas SA, Citigroup Inc., FMR LLC, Fiserv Inc., HSBC Holdings Plc, JPMorgan Chase and Co., Julius Baer Group Ltd., Morgan Stanley, One Wam Ltd., Pictet Group Entities, PricewaterhouseCoopers LLP, State Street Corp., The Charles Schwab Corp., The Goldman Sachs Group Inc., The Vanguard Group Inc., UBS Group AG, and Wells Fargo and Co.. Also, the wealth management market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.