Wealth Management Platform Market Research Analysis Market Report 2022-2028
The global Wealth Management Platform Market is expected to grow from US$ 3,710.4 million in 2021 to US$ 9,197.6 million by 2028; it is estimated to grow at a CAGR of 13.8% from 2021 to 2028. Long-term financial planning is a procedure of aligning the financial capacity of an individual with long-term service goals by financial forecasting. Different governments globally have an overall long-term financial planning process that encourages the discussion of a long-range perspective used by decision-makers. Wealth management tools help minimize financial difficulties by generating long-term and strategic thinking. They are essential for effective communication with external and internal stakeholders.
North America has the highest rate of advanced technology adoption due to favorable government policies fostering innovation and enhancing infrastructural abilities. As a result, every factor affecting the region's industrial performance obstructs its economic development. The US has become the world's worst-affected country due to the COVID-19 outbreak, causing governments to impose a number of limitations on industrial, commercial, and public activities in the country to contain the disease's spread. According to the Center for Strategic and International Studies, due to the COVID-19 impact, the US experienced a contraction in GDP. As per the recent World Health Organization (WHO) statistics, presently, the US is the world's worst-affected country due to the COVID-19 outbreak, with the highest number of confirmed cases and deaths. The high number of COVID cases has negatively impacted the country's and region's economies. There has been a decline in overall business activities and growth of various industries operating in the region. Thus, this has affected the revenue of key Wealth Management Platform Market players operating in North America. The business shutdowns and cancellation and postponement of product launches across the US, Canada, and Mexico have impacted the adoption of the Wealth Management Platform Market in 2020.
Key Players Influencing the Market
- Broadridge Financial Solutions, Inc.
- Comarch SA
- FIS Global
- Fiserv, Inc. ...
Do you already have an account? Log in here