Middle East and Africa Wealth Management Platform Market

The wealth management platform market in the MEA is expected to grow from US$ 307.55 million in 2021 to US$ 616.24 million by 2028; it is estimated to grow at a CAGR of 10.4% from 2021 to 2028.

The MEA comprises countries such as South Africa, Saudi Arabia, and the UAE. The UAE is the most advanced country in this region, and it deploys several technologically advanced solutions to maintain its global image. UAE government has invested significantly higher amounts in infrastructure development, which has propelled the employment rate over the years. Several countries in the MEA are attracting large FDIs in their manufacturing sector. Digital revolution is gaining momentum with the extending reach and high adoption of advanced and innovative technologies. This indicates the region’s potential for the proliferation of the IT sector, to become a leading digital economy. The growth of this sector is anticipated to propel the demand for wealth management platforms in the MEA during the forecast period.

Many MEA countries focus on attracting FDIs to catalyze the growth of their businesses, which boosts the adoption of wealth management platforms in these countries in the coming years. Moreover, countries such as Oman and Israel are likely to increase their investments in the manufacturing sector in the future years. The government of Oman has invested in the establishment of special economic zones (SEZ) to boost its corporate sector. Furthermore, in Africa, innovative fintech firms are playing a significant role in developing the region’s financial services ecosystem. Moreover, the leading incumbent banks in the region are emphasizing more on harnessing technological innovations, establishing partnerships with fintech start-ups, and developing an efficient platform for the wealth management activities. Such a rapid increase in investments for the adoption of new technologies to attain better operational efficiencies is a major factor supporting the growth of the wealth management platform market in the MEA.

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 MEA wealth management platform market. The market is expected to grow at a good CAGR during the forecast period.

MEA Wealth Management Platform

Market Revenue and Forecast to 2028 (US$ Million)
 

MEA Wealth Management Platform Market Segmentation

MEA wealth management platform market is segmented into advisory model, business function, deployment type, end user, and country. The MEA 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 MEA 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 MEA 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 MEA 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 MEA wealth management platform market is segmented into Saudi Arabia, South Africa, the UAE, and the rest of MEA. Broadridge Financial Solutions, Inc.; Comarch SA; FIS Global; Fiserv, Inc.; InvestCloud; Profile Software S.A.; SEI Investments Developments, Inc.; SS&C Technologies, Inc.; and Temenos Headquarters SA are among the leading companies in the market.

Middle East and Africa Wealth Management Platform Strategic Insights

Strategic insights for the Middle East and Africa Wealth Management Platform 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.

Middle East and Africa Wealth Management Platform Report Scope

Middle East and Africa Wealth Management Platform Regional Insights

The geographic scope of the Middle East and Africa Wealth Management Platform 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.