Scope of the Study
Asset and wealth management is defined as procedures, which offers financial planning by designated managers/ wealth advisors. It has high growth prospects due to increasing financial services such as investment advice, assets management, accounting, tax services, retirement planning and legal or estate planning. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the aggregated financial services and robotic based automation.
The market study is being classified by Type (Hardware, Software and Services), by Application (Banks, Broker Dealers, Specialty Finance, Wealth Advisors and Other) and major geographies with country level break-up.
Dell EMC (United States), Capgemini SE (France), Cognizant (United States), SAP SE (Germany), SAS Institute (United States), Oracle Corporation (United States), IBM Corporation (United States), Tata Consultancy Services (India), Wells Fargo (United States), BlackRock (United States), Bank of America (United States), Morgan Stanley (United States), Allianz Group (Germany), JP Morgan Asset Management (United States) and Hexaware Technologies (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Industrial and Commercial Bank of China (United States), UBS (Switzerland), State Street Global Advisors (United States) and Fidelity National Information Services (United States).
In the asset and wealth management market, it has been observed that most of the companies are upgrading or introducing innovative automated solutions for constant monitoring of the portfolio as well as a rebalancing of trigger-based portfolios. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
AdvanceMarketAnalytics has segmented the market of Global Asset and Wealth Management market by Type, Application and Region.
On the basis of geography, the market of Asset and Wealth Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing High Net Worth Individuals (HNWIs) Population
- Upsurge Global Urban Population
- Increasing Demand at Asia Pacific regions
- Rising Concern about Asset and Wealth management
- Difficulty to Accept Technology in Wealth Management
- Stringent Government Rules and Regulations
- Rising Global Budding GDP of the Nation Boost the Market Growth
- Technological Advancements Such As Robo-Advisors Boost the Market Growth
- Security and Privacy Concerns Regarding Fraud and Forgery
- Lack of Skilled Professional for Installation and Orientation of Both Hardware and Software
Market Leaders and their expansionary development strategies
In April 2019, InCred Capital acquired L&T Capital. This acquisition is beneficial for foray businesses which include asset management, wealth management and investment banking in the different regions.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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