Businesses examined in the report are SS&C Technologies, Fiserv, FIS, Profile Software, Broadridge Financial Solutions, InvestEdge, Temenos, InvestCloud, SEI Investments, Comarch, Dorsum, and Avaloq.

The global wealth management platform market size will reach $6.29 billion by 2029 from $2.37 billion in 2021, translating into a compound annual growth rate of 13.2 per cent, and highlighting how the industry is becoming more “mechanized,” a report says.

The predictions come from Fortune Business Insights, in its report entitled Wealth Management Platform Market Share, 2022-2029.

Within North America, the region holds the largest market share. “Wealth management services are turning to be extensively crucial in North America in order to appeal and retain successful retail users,” the report said. 

The study examines the following firms: SS&C Technologies, Fiserv, FIS, Profile Software, Broadridge Financial Solutions, InvestEdge, Temenos, InvestCloud, SEI Investments, Comarch, Dorsum, and Avaloq.

Elsewhere, the report said the fastest growing platform market is in Asia over the forecast period; Europe, meanwhile, is estimated to hold “crucial market share in impending years,” benefiting from a large number of high net worth individuals.