$1.116 billion global wealth management markets, opportunities and strategies, 2030
Global Wealth Management Market
Dublin, April 06, 2022 (GLOBE NEWSWIRE) — The “Global Wealth Management Market Opportunities and Strategies to 2030, by Asset Class Type, Advisory Mode, Wealth Manager Type, Company Size, Client Type, Service Item” report has been added to from ResearchAndMarkets.com offer.
The wealth management market reached a value of nearly $475.9 billion in 2020, having grown at a compound annual growth rate (CAGR) of 4.8% since 2015. The market is expected to grow from 475 .8 billion dollars in 2020 to 730.7 billion dollars in 2025 at a rate of 9.0%. The market is then expected to grow at a CAGR of 8.8% from 2025 and reach $1,116.1 billion in 2030.
Growth over the historical period has resulted from strong growth in emerging markets, growth in the number of high net worth individuals, digitalization and increased internet penetration.
Going forward, the growing population of retirees, increasing wealth of high net worth individuals, growing demand for alternative investments, growth in investment by individual investors and increasing internet penetration will drive the growth. Factors that may hamper the growth of the wealth management market in the future include the COVID-19 pandemic, fintech companies, wide range of services offered by asset managers, and passive investments.
The wealth management market is segmented by segmented by type of asset class into equities, fixed income securities and alternative assets and others. The fixed income market was the largest segment of the wealth management market segmented by type of asset class, accounting for 64.8% of the total in 2020. Going forward, the fixed income market fixed is expected to be the fastest growing segment of the wealth management market. segmented by type of asset class, at a CAGR of 9.2% over the period 2020-2025.
The wealth management market is segmented by advisory mode into human advisory, robo-advisory and hybrid. The human advisory market was the largest segment of the wealth management market segmented by advisory mode, accounting for 97.7% of the total in 2020. Going forward, robo-advisory is expected to be the fastest growing segment of the advisory-segmented wealth management market. fashion, at a CAGR of 20.5% over the period 2020-2025.
The wealth management market is segmented by type of wealth management company into private banks, investment managers, full-service wealth managers, securities brokers and others. The private banking market was the largest segment of the wealth management market segmented by wealth management company, accounting for 41.1% of the total in 2020. Going forward, the others market is expected to be the segment with the fastest growing wealth management market segmented by wealth management company, at a CAGR of 12.1% over the period 2020-2025.
The wealth management market is segmented by enterprise size into large enterprises and medium and small enterprises. The large enterprise market was the largest segment of the wealth management market segmented by enterprise size, accounting for 60.7% of the total in 2020. Going forward, the medium and small enterprise market is expected to be the segment the fastest growing wealth management market. segmented by company size, at a CAGR of 9.4% over the period 2020-2025.
The wealth management market is segmented by client type into pension funds, insurance companies and sovereign wealth funds (SWF), High-Net Worth Individual (HNWI) and mass market. The affluent mass market was the largest segment of the wealth management market segmented by client type, accounting for 45.2% of the total in 2020. Going forward, the sovereign wealth funds (SWF) market is expected to be the segment fastest growing in the market. wealth management market segmented by client type, at a CAGR of 10.6% over the period 2020-2025.
North America was the largest region in the wealth management market, accounting for 53.7% of the total in 2020. It was followed by Western Europe, followed by other regions. Going forward, the fastest growing regions in the wealth management market will be Asia Pacific and Western Europe, where growth will be at CAGRs of 9.62% and 9.61% respectively. This is followed by Africa and North America, where the markets are expected to grow at CAGRs of 8.9% and 8.6% respectively.
The wealth management market is fragmented, with a large number of players. The top ten competitors in the market accounted for up to 24.74% of the total market in 2020. The market is highly competitive due to regulation, intense price competition, and other infrastructure challenges.
This fragmentation is mainly due to the presence of large financial institutions, brokerage firms, investment banks, local merchant banks and other banks that provide similar products and services to local customers and industries.
Morgan Stanley was the main competitor with 4.00% of the market, followed by Bank of America Corporation with 3.91%, UBS Group AG with 3.58%, Wells Fargo & Company with 3.05%, JPMorgan Chase & Co. with 2.99%, Citigroup Inc. with 2.52%, HSBC Holdings plc with 1.64%, The Goldman Sachs Group, Inc. with 1.26%, Credit Suisse Group AG with 1.04% and Industrial and BNP Paribas with 0.74%.
Main topics covered:
1. Executive Summary of Wealth Management Market
2. Table of Contents
3. List of Figures
4. List of tables
5. Structure of the report
6.1. Segmentation by geography
6.2. Segmentation by type of asset class
6.3. Segmentation by mode of advice
6.4. Segmentation by type of wealth manager
6.5. Segmentation by company size
6.6. Segmentation by service element
6.7. Segmentation by customer type
7. Characteristics of the wealth management market
7.1. Market definition
7.2. Market segmentation by type of asset class
7.2.2. Fixed income
7.2.3. Alternative assets and others
7.3. Market segmentation by mode of advice
7.3.1. human advice
7.3.2. Robo Board
7.3.3. hybrid board
7.4. Market segmentation by type of wealth manager
7.4.1. Private banks
7.4.2. Investment managers
7.4.3. Full-Service Wealth Managers
7.5. Market segmentation by company size
7.5.1. Large companies
7.5.2. Medium and small businesses
7.6. Segmentation by customer type
7.6.1. pension funds
7.6.2. Insurance companies
7.6.3. Sovereign Wealth Fund (SWF)
7.6.4. High Net Worth Person (HNWI)
7.6.5. affluent mass
7.7. Market segmentation by service element
7.7.1. Asset Management
7.7.2. Portfolio management and investment advice
7.7.3. Funds, trusts and other financial vehicles
8. Wealth Management Market, Supply Chain Analysis
8.1.1. Real Estate Developers, Buildings And Infrastructures
8.1.2. Suppliers of office equipment and utilities
8.1.3. Hardware and software vendors
8.1.4. Human ressources
8.2. Wealth Management Service Providers
8.3. Other Service Providers
8.4. end users
9. Wealth Management Market Product/Service Analysis – Product/Service Examples
10. Wealth Management Market Client Information
10.1. Change in customer beliefs due to COVID-19
10.2. Wealth managers are increasing their investments in different asset classes
10.3. Client preferences on types and means of advice for wealth management
10.4. Reassessment of wealth management providers more likely during major life events
10.5. Behavioral change among wealth management clients
10.6. Role of research in wealth management
10.7. Investment attitudes among women
10.8. Use of digital technology by wealth management firms in Hong Kong
11. Wealth Management Market Trends and Strategies
11.1. Artificial Intelligence in Wealth Management
11.2. cyber security
11.3. Focus on hybrid wealth management services
11.4. Growing popularity of robo-advice
11.5. Wealth Management Companies Investing in Big Data Analytics
11.6. Impact of demographic change on wealth management
11.7. Ethical investment
11.8. Personalized services
11.9. Partnerships and acquisitions
12. Impact of COVID-19 on the Wealth Management Market
12.2. Impact on wealth management companies and investors
12.3. Growing demand for advice and experience
12.4. Changes in customer attitude
12.5. Future prospects
13. Global Wealth Management Market Size and Growth
13.1. Market size
13.2. Historical Market Growth, 2015 – 2020, Value (USD Billion)
13.2.1. Market drivers 2015 – 2020
13.2.2. Market Constraints 2015 – 2020
13.3. Market Growth Forecast, 2020 – 2025, 2030F, Value (Billion USD)
13.3.1. Market Drivers 2020 – 2025
13.3.2. Constraints on the market 2020 – 2025
Bank of America Corporation
UBS Group AG
Wells Fargo and company
JPMorgan Chase & Co.
HSBC Holdings plc
Goldman Sachs, Inc.
Credit Suisse Group AG
For more information on this report, visit https://www.researchandmarkets.com/r/54yxww
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900