Asia Pacific Wealth Management Platform Market 2023-2031 by Deployment Type (On-premises, Cloud-based), Advisory Model (Human, Robo, Hybrid), Application, End User, and Country: Trend Forecast and Growth Opportunity
- Report ID: 57535
- Date: May, 2023
- Pages: 100
- Category: BFSI
Asia Pacific wealth management platform market will grow by 14.6% annually with a total addressable market cap of $15,170.1 million over 2022-2031, driven by the increasing digitalization of investment and banking firms, the rising disposable income of individuals especially High Net Worth Individuals (HNWIs), the rising awareness for long-term financial planning opportunities and benefits, and technological advancements in automation and artificial intelligence (AI).
Highlighted with 27 tables and 44 figures, this 100-page report “Asia Pacific Wealth Management Platform Market 2021-2031 by Deployment Type (On-premises, Cloud-based), Advisory Model (Human, Robo, Hybrid), Application, End User, and Country: Trend Forecast and Growth Opportunity” is based on comprehensive research of the entire Asia Pacific wealth management platform market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2023 till 2031 with 2022 as the base year.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific wealth management platform market in every aspect of the classification from perspectives of Deployment Type, Advisory Model, Application, End User, and Country.
Based on Deployment Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2031 included in each section.
• On-premises Platform
• Cloud-based Platform
Based on Advisory Model, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2031 included in each section.
• Human Advisory
• Robo Advisory
• Hybrid Advisory
By Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2031 included in each section.
• Financial Advice Management
• Portfolio Accounting and Trading Management
• Performance Management
• Risk and Compliance Management
• Reporting
• Other Applications
By End User, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2031 included in each section.
• Banks
• Investment Management Firms
• Trading & Exchange Firms
• Brokerage Firms
• Other End Users
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2023-2031. The breakdown of national markets by Deployment Type, Advisory Model and End User over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Avaloq Group AG
Backbase Inc.
Broadridge Financial Solutions Inc.
Crealogix AG
EdgeVerve Systems Limited
Fidelity National Information Services, Inc. (FIS)
Finantix S.p.A.
Fiserv Inc.
InvestCloud Inc.
Objectway S.p.A.
Profile Software S.A.
Prometeia SpA
SEI Investments Developments, Inc.
SS&C Technologies Inc.
Tata Consultancy Services Limited
Temenos Headquarters SA
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 22
2.2 Major Growth Drivers 24
2.3 Market Restraints and Challenges 28
2.4 Emerging Opportunities and Market Trends 31
2.5 Porter’s Fiver Forces Analysis 35
3 Segmentation of Asia Pacific Market by Deployment Type 39
3.1 Market Overview by Deployment Type 39
3.2 On-premises Platform 41
3.3 Cloud-based Platform 42
4 Segmentation of Asia Pacific Market by Advisory Model 43
4.1 Market Overview by Advisory Model 43
4.2 Human Advisory 45
4.3 Robo Advisory 46
4.4 Hybrid Advisory 47
5 Segmentation of Asia Pacific Market by Application 48
5.1 Market Overview by Application 48
5.2 Financial Advice Management 50
5.3 Portfolio Accounting and Trading Management 51
5.4 Performance Management 52
5.5 Risk and Compliance Management 53
5.6 Reporting 54
5.7 Other Applications 55
6 Segmentation of Asia Pacific Market by End User 56
6.1 Market Overview by End User 56
6.2 Banks 58
6.3 Investment Management Firms 59
6.4 Trading & Exchange Firms 60
6.5 Brokerage Firms 61
6.6 Other End Users 62
7 Asia-Pacific Market 2021-2031 by Country 63
7.1 Overview of Asia-Pacific Market 63
7.2 Japan 66
7.3 China 69
7.4 Australia 71
7.5 India 73
7.6 South Korea 75
7.7 Rest of APAC Region 77
8 Competitive Landscape 79
8.1 Overview of Key Vendors 79
8.2 New Product Launch, Partnership, Investment, and M&A 82
8.3 Company Profiles 83
Avaloq Group AG 83
Backbase Inc. 85
Broadridge Financial Solutions Inc. 86
Crealogix AG 87
EdgeVerve Systems Limited 88
Fidelity National Information Services, Inc. (FIS) 89
Finantix S.p.A. 90
Fiserv Inc. 91
InvestCloud Inc. 92
Objectway S.p.A. 93
Profile Software S.A. 94
Prometeia SpA 95
SEI Investments Developments, Inc. 96
SS&C Technologies Inc. 97
Tata Consultancy Services Limited 98
Temenos Headquarters SA 99
RELATED REPORTS 100
List of Tables
List of Tables:
Table 1. Snapshot of Asia Pacific Wealth Management Platform Market in Balanced Perspective, 2021-2031 17
Table 2. World Economic Outlook, 2021-2031 21
Table 3. Main Product Trends and Market Opportunities in Asia Pacific Wealth Management Platform Market 31
Table 4. Asia Pacific Wealth Management Platform Market by Deployment Type, 2021-2031, $ mn 39
Table 5. Asia Pacific Wealth Management Platform Market by Advisory Model, 2021-2031, $ mn 43
Table 6. Asia Pacific Wealth Management Platform Market by Application, 2021-2031, $ mn 48
Table 7. Asia Pacific Wealth Management Platform Market by End User, 2021-2031, $ mn 56
Table 8. APAC Wealth Management Platform Market by Country, 2021-2031, $ mn 64
Table 9. Japan Wealth Management Platform Market by Deployment Type, 2021-2031, $ mn 68
Table 10. Japan Wealth Management Platform Market by Advisory Model, 2021-2031, $ mn 68
Table 11. Japan Wealth Management Platform Market by End User, 2021-2031, $ mn 68
Table 12. China Wealth Management Platform Market by Deployment Type, 2021-2031, $ mn 70
Table 13. China Wealth Management Platform Market by Advisory Model, 2021-2031, $ mn 70
Table 14. China Wealth Management Platform Market by End User, 2021-2031, $ mn 70
Table 15. Australia Wealth Management Platform Market by Deployment Type, 2021-2031, $ mn 72
Table 16. Australia Wealth Management Platform Market by Advisory Model, 2021-2031, $ mn 72
Table 17. Australia Wealth Management Platform Market by End User, 2021-2031, $ mn 72
Table 18. India Wealth Management Platform Market by Deployment Type, 2021-2031, $ mn 74
Table 19. India Wealth Management Platform Market by Advisory Model, 2021-2031, $ mn 74
Table 20. India Wealth Management Platform Market by End User, 2021-2031, $ mn 74
Table 21. South Korea Wealth Management Platform Market by Deployment Type, 2021-2031, $ mn 76
Table 22. South Korea Wealth Management Platform Market by Advisory Model, 2021-2031, $ mn 76
Table 23. South Korea Wealth Management Platform Market by End User, 2021-2031, $ mn 76
Table 24. Wealth Management Platform Market in Rest of APAC by Country/Region, 2021-2031, $ mn 78
Table 25. Avaloq Group AG: Company Snapshot 83
Table 26. Avaloq Group AG: Business Segmentation 84
Table 27. Avaloq Group AG: Product Portfolio 84
List of Figures
List of Figures:
Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 16
Figure 4. Asia Pacific Wealth Management Platform Market, 2021-2031, $ mn 19
Figure 5. Impact of COVID-19 on Business 22
Figure 6. Primary Drivers and Impact Factors of Asia Pacific Wealth Management Platform Market 24
Figure 7. GDP per capita in the World, 1960-2018, $ thousand 27
Figure 8. Forecast of Middle-class Population by Region, 2015-2030, million 27
Figure 9. Primary Restraints and Impact Factors of Asia Pacific Wealth Management Platform Market 28
Figure 10. Investment Opportunity Analysis 32
Figure 11. Porter’s Fiver Forces Analysis of Asia Pacific Wealth Management Platform Market 35
Figure 12. Breakdown of Asia Pacific Wealth Management Platform Market by Deployment Type, 2021-2031, % of Revenue 40
Figure 13. Asia Pacific Addressable Market Cap in 2022-2031 by Deployment Type, Value ($ mn) and Share (%) 40
Figure 14. Asia Pacific Wealth Management Platform Market by Deployment Type: On-premises Platform, 2021-2031, $ mn 41
Figure 15. Asia Pacific Wealth Management Platform Market by Deployment Type: Cloud-based Platform, 2021-2031, $ mn 42
Figure 16. Breakdown of Asia Pacific Wealth Management Platform Market by Advisory Model, 2021-2031, % of Sales Revenue 44
Figure 17. Asia Pacific Addressable Market Cap in 2022-2031 by Advisory Model, Value ($ mn) and Share (%) 44
Figure 18. Asia Pacific Wealth Management Platform Market by Advisory Model: Human Advisory, 2021-2031, $ mn 45
Figure 19. Asia Pacific Wealth Management Platform Market by Advisory Model: Robo Advisory, 2021-2031, $ mn 46
Figure 20. Asia Pacific Wealth Management Platform Market by Advisory Model: Hybrid Advisory, 2021-2031, $ mn 47
Figure 21. Breakdown of Asia Pacific Wealth Management Platform Market by Application, 2021-2031, % of Sales Revenue 49
Figure 22. Asia Pacific Addressable Market Cap in 2022-2031 by Application, Value ($ mn) and Share (%) 49
Figure 23. Asia Pacific Wealth Management Platform Market by Application: Financial Advice Management, 2021-2031, $ mn 50
Figure 24. Asia Pacific Wealth Management Platform Market by Application: Portfolio Accounting and Trading Management, 2021-2031, $ mn 51
Figure 25. Asia Pacific Wealth Management Platform Market by Application: Performance Management, 2021-2031, $ mn 52
Figure 26. Asia Pacific Wealth Management Platform Market by Application: Risk and Compliance Management, 2021-2031, $ mn 53
Figure 27. Asia Pacific Wealth Management Platform Market by Application: Reporting, 2021-2031, $ mn 54
Figure 28. Asia Pacific Wealth Management Platform Market by Application: Other Applications, 2021-2031, $ mn 55
Figure 29. Breakdown of Asia Pacific Wealth Management Platform Market by End User, 2021-2031, % of Revenue 57
Figure 30. Asia Pacific Addressable Market Cap in 2022-2031 by End User, Value ($ mn) and Share (%) 57
Figure 31. Asia Pacific Wealth Management Platform Market by End User: Banks, 2021-2031, $ mn 58
Figure 32. Asia Pacific Wealth Management Platform Market by End User: Investment Management Firms, 2021-2031, $ mn 59
Figure 33. Asia Pacific Wealth Management Platform Market by End User: Trading & Exchange Firms, 2021-2031, $ mn 60
Figure 34. Asia Pacific Wealth Management Platform Market by End User: Brokerage Firms, 2021-2031, $ mn 61
Figure 35. Asia Pacific Wealth Management Platform Market by End User: Other End Users, 2021-2031, $ mn 62
Figure 36. Breakdown of APAC Wealth Management Platform Market by Country, 2021 and 2031, % of Revenue 64
Figure 37. Contribution to APAC 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 65
Figure 38. Wealth Management Platform Market in Japan, 2021-2031, $ mn 67
Figure 39. Wealth Management Platform Market in China, 2021-2031, $ mn 69
Figure 40. Wealth Management Platform Market in Australia, 2021-2031, $ mn 71
Figure 41. Wealth Management Platform Market in India, 2021-2031, $ mn 73
Figure 42. Wealth Management Platform Market in South Korea, 2021-2031, $ mn 75
Figure 43. Wealth Management Platform Market in Rest of APAC, 2021-2031, $ mn 77
Figure 44. Growth Stage of Asia Pacific Wealth Management Platform Industry over the Forecast Period 79
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
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It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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