The wealth management platform market is growing swiftly in SAM due to rising security concerns, increasing government support, and elevating advanced technology adoption—especially in developing countries such as Brazil, Chile, Argentina, Peru, and Colombia. Brazil holds more than 50% of the wealth management platform market in SAM and is anticipated to continue its dominance over the forecast period. Many of the companies in the region are opting for these platforms to boost their businesses and profit margins. SAM countries are attracting huge FDIs on the back of low-cost labor availability, and small entry barriers and interest rates. Certain countries in the region have relaxed FDI regulations, thus attracting investments from companies from other countries. Argentina is concentrating on attracting FDIs by easing import restrictions, signing international bilateral agreements, and lifting restrictions from foreign investments.
The growth of environmental, social, and governance guidelines (ESG) is one of the significant trends in SAM, which is impacting the development of the wealth management platform market. With the betterment of liquidity and stability in the region, several industries are concentrating on their expansion in emerging markets. However, emerging markets offer lower liquidity to organizations than developed markets, which compels them to make longer-term investments. This boosts the adoption of advanced and innovative platforms for wealth management that aid valuable insights to users about future market investments. Despite these benefits, wealth management platform providers need to address a few issues for operating seamlessly in SAM. Companies in this region have specific requirements that service providers do not readily provide. Inane acts and decisions of the new generation of entrepreneurs, scarcity of exit strategies, and lack of record of well-established organizations in Latin America have been restricting the adoption of these platforms in the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM wealth management platform market. The market is expected to grow at a good CAGR during the forecast period.
SAM wealth management platform market is segmented into advisory model, business function, deployment type, end user, and country. The SAM wealth management platform market, based on advisory model, is segmented into human advisory, robo-advisory, and hybrid. Human advisory segment held the largest market share in 2020. The SAM wealth management platform market, by business function, is segmented into performance management, risk and compliance management, portfolio accounting and trading management, financial advice management, reporting, and others. Portfolio accounting and trading management segment held the largest market share in 2020. The SAM wealth management platform market, by deployment type, is segmented into cloud and on-premises. Cloud-based segment held the largest market share in 2020. The SAM wealth management platform market, by end user, is segmented into trading & exchange firms, banks, brokerage firms, investment management firms, and others. Investment management firms segment held the largest market share in 2020. Based on country, the SAM wealth management platform market is segmented into Brazil, Argentina, and the rest of SAM. Broadridge Financial Solutions, Inc.; Comarch SA; FIS Global; Fiserv, Inc.; InvestCloud; SS&C Technologies, Inc.; and Temenos Headquarters SA are among the leading companies in the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 183.87 Million |
| Market Size by 2028 | US$ 313.64 Million |
| Global CAGR (2021 - 2028) | 7.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Advisory Model
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |