Rise in demand for wealth management products & services, emergence of FinTech, and increase in demand for alternative investments drive the growth of the Asia-Pacific wealth management market.
According to the report published by Allied Market Research, the Asia-Pacific wealth management market generated $247.8 billion in 2020, and is projected to reach $811.5 billion by 2030, witnessing a CAGR of 12.7% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.
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The report offers detailed segmentation of the Asia-Pacific wealth management market based on business model, channel, provider, end user, and region.
Based on business model, the human advisory segment held the highest market share in 2020, holding nearly three-fourths of the total market share, and is expected to continue its leadership status during the forecast period. However, the robo advisory segment is estimated to register the highest CAGR of 24.2% from 2021 to 2030.
Based on channel, the business-to-business (B2B) segment held the largest market share in 2020, holding nearly three-fifths of the total market share, and is expected to continue its leadership status during the forecast period. However, the direct-to-consumer (D2C) segment is projected to register the highest CAGR of 13.5% from 2021 to 2030.
Based on country, Australia contributed to the highest share in terms of revenue in 2020, holding nearly one-fifth of the Asia-Pacific wealth management market, and is estimated to continue its dominant share by 2030. However, the Vietnam region is projected to manifest the fastest CAGR of 31.6% during the forecast period.
Top Impacting Factors
Emergence of FinTechs
Wealth managers are increasingly investing in new technologies such as robo-advisor, artificial intelligence (AI), robotic process automation, and digital identification (ID) technologies for improving customer experience, FinTechs (Financial technology) have largely disrupted wealth management industry.
Growing Demand for Wealth Management Products and Services
Factors such as huge customized & personalized products & services, help in eliminating financial stress & creating financial plans, and massive incorporation of digitalized offerings are contributing toward the market growth.
Technological Advancements
Increased adoption of advanced technologies such as chatbots, robo-advisors, IoT, AI, and big data analytics have led toward the growth of Asia-Pacific wealth management market.
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Key Benefits For Stakeholders
- The study provides in-depth analysis of the Asia-Pacific wealth management market share along with current trends and future estimations to illustrate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the Asia-Pacific wealth management market trends are provided in the report.
- The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the Asia-Pacific wealth management market.
- The quantitative analysis of the Asia-Pacific wealth management market forecast from 2021 to 2030 is provided to determine the market potential.
Asia-Pacific Wealth Management Market Report Highlights
| Aspects | Details |
|---|---|
| By Business Model | Human AdvisoryRobo AdvisoryHybrid Advisory |
| By Channel | Business-to-business (B2B)Direct-to-customer (D2C) |
| By Provider | FinTech AdvisorsBanksTraditional Wealth ManagersOthers |
| By End-user Type | RetailHigh net worth individuals (HNIS) |
| By Country | SingaporeMalaysiaIndonesiaVietnamAustraliaRest of Asia-Pacific |
| By Key Market Players | Bank of America CorporationBNP ParibasCharles Schwab & Co., Inc.Citigroup Inc.CREDIT SUISSE GROUP AGGoldman SachsJPMorgan Chase & Co.Julius Baer GroupMorgan StanleyUBS |
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