Europe WealthTech Solution Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Component (Solution and Services), End User (Banks, Wealth Management Firms, and Others), Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), and Deployment Mode (Cloud-Based and On-Premises)


No. of Pages: 128    |    Report Code: TIPRE00025275    |    Category: Technology, Media and Telecommunications

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Europe WealthTech Solution Market
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Market Introduction

Many European countries have been the key supporters of the development of financial institutions and financial markets. The worth of FinTech businesses in Europe is twice as that of any other technology business on the continent. The region leads the rest of the globe in terms of energy and internet availability, provides ideal circumstances for digital wealth management vendors to thrive. Its technological infrastructure is likely to offer 5G network coverage to 75% of its population by 2025. Thus, Europe provides favorable corporate conditions that encourage innovation and technological developments; many European countries, including Switzerland and the Netherlands, dominated the 2020 Global Innovation Index. Further, Europe accounts for 17%, i.e., USD 2.26 trillion, of the cumulative valuation of FinTech companies in the world. FinTech is the top venture capital investment category that receives 20% of all venture money, which is greater than that in Asian countries and the US. Card payments have continued to dominate the means of cashless transactions resulting in digital payments, with advanced economies in Europe cumulatively accounting for a high percentage of non-cash payment transactions.       

In Europe, Switzerland was the hardest-hit country by the COVID-19 outbreak, followed by the UK and others. A majority of European countries are expected to suffer an economic hit due to a lack of revenue from various industries, as these countries recorded the highest number of COVID-19 cases and deaths in the past year. Due to business lockdowns, travel bans, and supply chain disruptions, the region faced an economic slowdown in 2020 and most likely even in 2021. European countries represent a major market for wealthtech solution owing to the financially stability of the region. As Europe is mega hub for the startups, there is a significant demand for effective wealth management solutions. However, the supply chain disruptions and demand decline from various end-user industries of wealthtech solution market have led to a decline in revenues of market players operating in Europe.

 

             


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Europe WealthTech Solution Strategic Insights

Strategic insights for the Europe WealthTech Solution provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Europe WealthTech Solution Report Scope

Report Attribute Details
Market size in 2021 US$ 15.23 Billion
Market Size by 2028 US$ 39.74 Billion
Global CAGR (2021 - 2028) 14.7%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Component
  • Solution
  • Services
By End User
  • Banks
  • Wealth Management Firms
By Organization Size
  • Large Enterprises
  • Small
  • Medium-Sized Enterprises
By Deployment Mode
  • Cloud-Based
  • On-Premises
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • 3rd-eyes analytics AG
  • aixigo AG
  • BlackRock, Inc.
  • FinMason, Inc.
  • InvestCloud, Inc.
  • InvestSuite
  • Synechron
  • Valuefy
  • Wealthfront Inc.
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    Europe WealthTech Solution Regional Insights

    The geographic scope of the Europe WealthTech Solution refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Market Overview and Dynamics

    The wealthtech solution market in Europe is expected to grow from US$ 15.23 billion in 2021 to US$ 39.74 billion by 2028; it is estimated to grow at a CAGR of 14.7% from 2021 to 2028. According to US Bank Locations website data, Europe had 5,963 banks in total in January 2020; and according to Bankinfobook website data, Thus, with the growing number of banks and their branches worldwide, the use of banking software has also increased. Further, the wealthtech solutions are majorly used for retail banking and private banking. The importance of investment advisory services, portfolio analysis and portfolio reporting, portfolio risk management, and wealth management solutions in retail banking is increasing continuously. The companies offering wealthtech solutions for retail banks include aixigo AG; InvestCloud, Inc.; Valuefy Solutions Private Limited; and InvestSuite. Thus, the growing number of banks worldwide is expected to fuel the wealthtech solution market growth in the coming years.   

    Key Market Segments

    Europe wealthtech solution market is segmented into component, end user, organization size, deployment mode, and country. Based on component, the wealthtech solution market is bifurcated into solution and services. In 2020, the solution segment led the market, accounting for a larger market share. Based on end user, the wealthtech solution market is segmented into banks, wealth management firms, and others. In 2020, the wealth management firms segment accounted for the largest market share. Based on organization size, the wealthtech solution market is bifurcated into large enterprises and small and medium-sized enterprises. In 2020, the large enterprises segment accounted for a larger market share. By deployment mode, the wealthtech solution market is bifurcated into cloud-based and on-premises. In 2020, the cloud-based segment accounted for a larger market share. Based on country, the Europe wealthtech solution market is segmented into France, Germany, Austria, UK, and rest of Europe. In 2020, UK led the market, accounting for a larger market share.

    Major Sources and Companies Listed

    A few major primary and secondary sources referred to for preparing this report on the wealthtech solution market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 3rd-eyes analytics; aixigo AG; BlackRock, Inc.; FinMason, Inc.; InvestCloud, Inc.; InvestSuite; Synechron; Wealthfront Inc.; Valuefy; and WealthTechs Inc.          

    Reasons to buy report

    • To understand the Europe wealthtech solution market landscape and identify market segments that are most likely to guarantee a strong return.
    • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe wealthtech solution market.
    • Efficiently plan M&A and partnership deals in Europe wealthtech solution market by identifying market segments with the most promising probable sales.
    • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe wealthtech solution market.
    • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

    Europe

    WealthTech Solution Market

    Segmentation

    Europe WealthTech Solution Market -

    By Component

    • Solution
    • Services

    Europe WealthTech Solution Market - By

    End User

    • Banks
    • Wealth Management Firms
    • Others

    Europe WealthTech Solution Market - By Organization Size

    • Large Enterprises
    • Small and Medium-Sized Enterprises

    Europe WealthTech Solution Market - By Deployment Mode

    • Cloud-Based
    • On-Premises

    Europe WealthTech Solution Market - By Country

    • Austria
    • BeNeLux
    • France
    • Germany
    • Switzerland
    • UK
    • Rest of Europe

    Europe

    WealthTech Solution Market - Company Profiles

    • 3rd-eyes analytics AG
    • aixigo AG
    • BlackRock, Inc.
    • FinMason, Inc.
    • InvestCloud, Inc.
    • InvestSuite
    • Synechron
    • Valuefy
    • Wealthfront Inc.
     

    The List of Companies - Europe WealthTech Solution Market

    1. 3rd-eyes analytics AG
    2. aixigo AG
    3. BlackRock, Inc.
    4. FinMason, Inc.
    5. InvestCloud, Inc.
    6. InvestSuite
    7. Synechron
    8. Valuefy
    9. Wealthfront Inc.
    Frequently Asked Questions
    How big is the Europe WealthTech Solution Market?

    The Europe WealthTech Solution Market is valued at US$ 15.23 Billion in 2021, it is projected to reach US$ 39.74 Billion by 2028.

    What is the CAGR for Europe WealthTech Solution Market by (2021 - 2028)?

    As per our report Europe WealthTech Solution Market, the market size is valued at US$ 15.23 Billion in 2021, projecting it to reach US$ 39.74 Billion by 2028. This translates to a CAGR of approximately 14.7% during the forecast period.

    What segments are covered in this report?

    The Europe WealthTech Solution Market report typically cover these key segments-

    • Component (Solution, Services)
    • End User (Banks, Wealth Management Firms)
    • Organization Size (Large Enterprises, Small, Medium-Sized Enterprises)
    • Deployment Mode (Cloud-Based, On-Premises)

    What is the historic period, base year, and forecast period taken for Europe WealthTech Solution Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe WealthTech Solution Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in Europe WealthTech Solution Market?

    The Europe WealthTech Solution Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • 3rd-eyes analytics AG
  • aixigo AG
  • BlackRock, Inc.
  • FinMason, Inc.
  • InvestCloud, Inc.
  • InvestSuite
  • Synechron
  • Valuefy
  • Wealthfront Inc.
  • Who should buy this report?

    The Europe WealthTech Solution Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe WealthTech Solution Market value chain can benefit from the information contained in a comprehensive market report.