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Wealthtech Solutions Market to Grow by USD 6.08 Billion from 2024-2028, Driven by Blockchain Popularity and AI Impact on Trends- Technavio Report

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NEW YORK, Sept. 3, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global wealthtech solutions market size is estimated to grow by USD 6.08 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 14.11% during the forecast period. Growing popularity of blockchain is driving market growth, with a trend towards rising influence of digitalization. However, rising data security and privacy concerns poses a challenge. Key market players include Acorn Wealth Management Group Ltd, Addepar, Inc, aixigo AG, ARC Group Ltd, BlackRock Inc., Bravura Solutions Ltd., Broadridge Financial Solutions Inc., Creant Technologies Pvt Ltd., Empower Annuity Insurance Co. Of America, Etops, Fidelity National Information Services Inc., FNZ Group Technologies Ltd., InvestSuite, Mirador LLC, Synechron Technologies Pvt Ltd, Tata Consultancy Services Ltd., Valuefy Technologies Private Limited, Virtusa Corp., Wealthfront Corp., and WealthTechs Inc.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Wealthtech Solutions Market Scope

Report Coverage

Details

Base year

2023

Historic period

–

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 14.11%

Market growth 2024-2028

USD 6084.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.68

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 53%

Key countries

US, UK, Germany, France, Japan, and China

Key companies profiled

Acorn Wealth Management Group Ltd, Addepar, Inc, aixigo AG, ARC Group Ltd, BlackRock Inc., Bravura Solutions Ltd., Broadridge Financial Solutions Inc., Creant Technologies Pvt Ltd., Empower Annuity Insurance Co. Of America, Etops, Fidelity National Information Services Inc., FNZ Group Technologies Ltd., InvestSuite, Mirador LLC, Synechron Technologies Pvt Ltd, Tata Consultancy Services Ltd., Valuefy Technologies Private Limited, Virtusa Corp., Wealthfront Corp., and WealthTechs Inc

Market Driver

The Wealthtech Solutions market refers to the use of technology to improve and automate wealth management services. This includes robo-advisors, digital platforms, and fintech applications. Companies in this sector offer personalized investment advice, automated portfolio management, and streamlined financial planning. Wealthtech solutions help businesses reduce costs, increase efficiency, and enhance customer experience. They also provide real-time data analysis and automated reporting, enabling better decision-making. The market is expected to grow due to increasing demand for digital services and advancements in technology. 

Wealthtech solutions are transforming the financial industry by providing innovative technologies to help companies and organizations manage financial goals more efficiently. Trends like debt collection, data analytics, and AI technology are driving the growth of WealthTech startups, receiving significant venture capital funding. These digital tools enable efficient portfolio management, tax planning, and cash flow analysis. The IT and banking sectors, along with investment and wealth management firms, are embracing cloud services and outsourcing automation for improved liquidity of assets and customer relationships. Millennials’ preference for digital tools and socially responsible investing is also fueling the market’s growth. AI, ML, and Big Data are revolutionizing decision-making processes, while user-friendly interfaces make these technologies accessible to a wider audience. Collaborations between WealthTech startups and established enterprises are further driving innovation in areas like retirement savings, estate planning, and legacy planning. Key players like Wealthfront Corporation are leveraging AI for personalized investment strategies, while cryptocurrencies, exchangetraded funds, and property management firms are exploring blockchain technology for secure transactions and transparency. Overall, the Wealthtech market is poised for continued growth, driven by the increasing digitization of management and the internet penetration in various sectors. 

Explore a 360° Analysis of the Market: Unveil the Impact of AI. For complete insights- Request Sample!

Market Challenges

The Wealthtech Solutions market refers to the use of technology to improve and automate wealth management services. Companies in this sector provide software solutions for investment management, financial planning, and portfolio analysis. These tools help financial institutions and advisors to streamline their operations, reduce costs, and enhance customer experience. Wealthtech solutions enable better data analysis, improved communication, and increased efficiency, making them essential for businesses seeking to remain competitive in the financial services industry.The WealthTech solutions market is experiencing significant growth due to the increasing adoption of digital tools, AI, ML, and Big Data by millennials and high-net-worth individuals. Internet penetration and fintech innovations have made investment and property management more accessible. Challenges include ensuring user-friendly interfaces, cloud-based technologies, security solutions, and compliance with regulations. AI and machine learning capabilities are transforming decision-making processes, offering robo-advisory services, and automating portfolio rebalancing. The competition landscape includes robo-advisory services, open-source banking systems, and digital wallets. Wealth management firms must address data breaches, cost transparency, customer service, and AI-based assistance. Predictive analytics technology, statistics, and modeling techniques are essential components for wealth management, with deployment mode and enterprise size impacting automation. Credit risk management is crucial, especially with the emergence of cryptocurrencies and blockchain technology.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This wealthtech solutions market report extensively covers market segmentation by

Deployment 1.1 On-premise1.2 Cloud-basedComponent 2.1 Solution2.2 ServicesGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 On-premise- On-premise wealthtech solutions continue to hold significance in the wealth management industry, especially for larger firms and financial institutions. These solutions provide enhanced security and compliance features, making them a preferred choice for organizations that prioritize data control. Wealth management firms with legacy IT systems often opt for on-premise deployments due to seamless integration with existing technology stacks. Customization and tailoring are also advantages, allowing firms to meet their unique requirements. Regulatory compliance around data storage and access is better addressed with on-premise solutions. Despite the rise of cloud-based wealthtech solutions, on-premise deployments remain vital for firms focused on security, compliance, and legacy system integration, contributing to the ongoing growth of the global on-premise wealthtech market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

WealthTech solutions are digital tools that leverage Artificial Intelligence (AI) and Machine Learning (ML) to provide advanced financial services. These solutions utilize Big Data, Internet penetration, and cloud-based technologies to cater to the needs of tech-savvy millennials. WealthTech encompasses investment management, property management, and cryptocurrencies, among other financial services. AI-based assistance streamlines decision-making processes with user-friendly interfaces, while predictive analytics technology offers component-level insights for deployment in various enterprise sizes. Automation, cost transparency, and customer service are key components of WealthTech, with compliance and regulation ensuring secure deployment. Predictive analytics, statistics, and modeling techniques enable accurate forecasting and asset liquidity management. Overall, WealthTech solutions revolutionize traditional finance by offering efficient, transparent, and accessible financial services.

Market Research Overview

The Wealthtech Solutions market is revolutionizing the financial industry by integrating digital tools, Artificial Intelligence (AI), Machine Learning (ML), and Big Data to cater to the needs of millennials and high-net-worth individuals. Internet penetration and fintech innovations have paved the way for cryptocurrencies, blockchain, and digital wallets, enabling seamless investment and property management. Wealthtech solutions offer user-friendly interfaces, cloud-based technologies, open-source banking systems, and security solutions to address data breaches. These solutions automate processes, from outsourcing and robo-advisory services to portfolio rebalancing, predictive analytics technology, and component deployment. Wealthtech startups receive venture capital funding, driving competition in the landscape. WealthTech solutions cater to enterprises of all sizes, focusing on efficient portfolio management, asset liquidity, cost transparency, customer service, and AI-based assistance. Predictive analytics, statistics, and modeling techniques are used for credit risk, debt collection, data analytics, and tax planning. Collaborations between Wealthtech companies and organizations are shaping the future of financial goals, retirement savings, cash flows, legacy planning, and estate planning in the IT and banking sectors. Additionally, socially responsible investing, exchange-traded funds, and automation of processes are becoming essential components of Wealthtech solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premiseCloud-basedComponentSolutionServicesGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Automotive Seat Heater Market to Reach $5.5 Billion, Globally, by 2033 at 6% CAGR: Allied Market Research

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September 20, 2024

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Key factors contributing to the growth of the automotive heat seater market include advancements in heating technology, such as the integration of more efficient heating elements and improved temperature control systems.

WILMINGTON, Del., Sept. 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Automotive seat heater Market by Type (Carbon Heater and Composite Heater), Vehicle Type (Passenger Cars and Commercial Vehicles), and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the automotive seat heater market was valued at $3.1 billion in 2023, and is estimated to reach $5.5 billion by 2033, growing at a CAGR of 6% from 2024 to 2033.

The global automotive seat heaters market is driven by increased demand for comfort and customization. As increasing numbers of individuals utilize the roads, the number of affordable vehicles available in recent years has skyrocketed. As a result, there is a greater need for vehicles with interiors that are both visually appealing and practical. The market for vehicle interior materials is being driven by rising consumer demand for customization and technical developments across the industry. In response to client demand, companies are now offering customization choices for creating modern interiors. Consumers increasing health consciousness is also driving the development of environmentally friendly automotive interior materials that contribute to increased comfort. 

Request Sample of the Report on Automotive Seat Heater Market   Forecast 2033: https://www.alliedmarketresearch.com/request-sample/A323768

Prime determinants of growth 

The growing level of competition in the automotive industry is a primary driver of the automotive seat heater market’s expansion. Furthermore, improving consumer affordability, rising consumer income, and the availability of easy financing to purchase a vehicle are all driving forces in the global automobile sector. Furthermore, expansion in the automobile industry causes growth in the global market. Rising popularity of carbon fiber technology, rising demand for comfort and energy efficiency in vehicles, and rising preferences for high-end passenger cars are some of the major and insightful factors that will most likely drive the growth of the automotive seat heater market during the forecast period. The health benefits, such as reduction from discomfort backs and rapid warming, are driving market expansion. The expanding aftermarket sales of car seat heaters are driving the market forward.

Have a Question? Connect to our Analyst – https://www.alliedmarketresearch.com/connect-to-analyst/A323768

By Type 

The carbon heater segment is expected to grow faster throughout the forecast period.

The carbon heater segment is anticipated to experience faster growth in the automotive seat heater market. Carbon fiber meshed weave heating pads will remain the largest market segment as this type of seat heater ensures good strength and requires very low voltage to produce heat. a growing preference for energy-efficient and environmentally friendly components, aligning with the broader push towards sustainable automotive solutions. The integration of advanced technologies, such as automatic climate control systems that adjust seat heating based on ambient temperature and individual preferences, is becoming increasingly popular.  

By Vehicle Type

The passenger car segment is expected to grow faster throughout the forecast period.

The passenger car segment is anticipated to experience growth in the automotive seat heater market. The increasing expenditure on passenger and driver comfort. The development of premium features and the surge in passenger vehicle numbers in Europe and North America significantly contribute to this growth. Additionally, there is a rising demand for SUVs and luxury vehicles in emerging markets. Automotive manufacturers are continuously innovating electronic technologies, which create new opportunities for the application of heated seats in passenger cars. This trend is further bolstered by the emphasis on enhancing vehicle comfort and the integration of advanced climate control systems. 

Procure Complete Report (324 Pages PDF with In-depth Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/automotive-seat-heater-market-A323768

By Sales Channel

The aftermarket segment is expected to grow faster throughout the forecast period.

The aftermarket segment is anticipated to experience growth in the automotive seat heater market. One of the standardization of temperature control seats in various mid-range and high-end vehicles is helping the OEM section of the automobile seat heater industry. Seat heater replacement rates are predicted to rise due to excessive wear and tear, as well as changing climatic circumstances in cold locations, driving up aftermarket sales. When compared to OEM products, aftermarket products are more cost-effective. Furthermore, owners of vehicles without seat heaters add this equipment in the aftermarket, which boosts seat heater aftermarket sales.

By Region

Europe to maintain its dominance by 2033.

Europe is expected to maintain its dominance in the automotive heat seater market by 2033 owing to robust industrialization, infrastructural development, and growing investments in automotive and manufacturing sectors. has witnessed a surge in the popularity and necessity of automotive seat heaters. As the nation’s economy expands and consumer prosperity grows, there is a corresponding increase in the demand for vehicles equipped with advanced comfort amenities. Once considered a luxury, seat heaters are now becoming more accessible to a wider demographic, fueling their adoption among consumers.

Europe will maintain its pivotal role as a significant market for automotive seat heaters. This is primarily due to the increasing demand from end users who prioritize cabin comfort, especially in the winter months. Seat heaters are favored for their ability to significantly enhance occupant comfort during this season.

Players: –

Continental AGPanasonic CorporationGentherm IncorporatedII-VI IncorporatedRoadwire LLCRostra Precision Controls Inc.Firsten Automotive Electronics Co., Ltd.Guangzhou Tachibana Electronic Co., Ltd.SINOMASChampion Auto Systems

The report provides a detailed analysis of these key players in the global automotive seat heater market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

Recent Industry News

In August 2020, Lear and Gentherm introduced INTU™ Thermal Comfort Seating with ClimateSense™ Technology.

For More In-depth Insights: https://www.alliedmarketresearch.com/automotive-seat-heater-market-A323768

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AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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/R E P E A T — MEDIA ADVISORY – Minister Wilkinson to Make a Critical Minerals Infrastructure Announcement/

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September 20, 2024

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VANCOUVER, BC, Sept. 19, 2024 /CNW/ – The Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources, and Ranj Pillai, the Premier of Yukon, will make a funding announcement in support of critical minerals infrastructure projects. A media availability will follow.

Date: September 20, 2024

Time: 10:30 a.m. PT

All accredited media are asked to pre-register by emailing media@nrcan-rncan.gc.ca. A dial-in line is available for media and will be provided upon registration.

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SOURCE Natural Resources Canada

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Olink Proteomics Announces the ‘Olink Proteomics World’ Virtual Conference: A Novel Platform Exploring the Latest Advancements in Proteomics and Proteogenomics

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September 20, 2024

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The ‘Olink Proteomics World’ Virtual Conference will bring together scientists from around the globe to explore the latest advancements in proteomics and proteogenomics across fields such as immunology, oncology, neuroscience, aging, and inflammation on September 26th, 2024.

WALTHAM, Mass., Sept. 20, 2024 /PRNewswire-PRWeb/ — Olink Proteomics, part of Thermo Fisher Scientific, a leading provider of advances proteomics solutions, is exited to announce its upcoming virtual conference, Olink Proteomics World, on September 26th, 2024.

The digital event features presentations from esteemed scientists and provides a platform to connect with peers, identify potential collaborations, and explore advanced protein biomarker discovery tools and results.

This innovative virtual conference will bring together scientists from around the globe to explore the latest advancements in proteomics and proteogenomics across fields such as immunology, oncology, neuroscience, aging, and inflammation. The digital event features presentations from esteemed scientists and provides a platform to connect with peers, identify potential collaborations, and explore advanced protein biomarker discovery tools and results.

Our lineup of esteemed presenters will cover a wide range of topics, including:

The Aged Tumor Microenvironment: Understanding how aging influences the tumor microenvironment and its implications for cancer therapy.Infectious Diseases Dynamics: Unravelling how proteomics can enhance our understanding and management of infectious diseases.Alzheimer’s Diagnostics and Disease Monitoring: Exploring the latest tools and biomarkers for early detection and monitoring of Alzheimer’s disease.Aging Mechanisms: Insights into the biological processes of aging and how they can inform healthcare strategies.Predicting Disease Risks: Utilizing multiomics data to forecast disease risks and improve preventive measures.Genetics and Proteomics of Obesity: Investigating the complex interplay between genetics, proteomics, and obesity.Microbiome Transplantation Effects: Evaluating the impact of faecal transplants on human health and disease.Biomarker Discovery in Multiple Sclerosis: Cutting-edge research on identifying biomarkers for better diagnosis and treatment of Multiple Sclerosis.

In addition to these topics, our speakers will delve into various aspects of multiomics research, offering insights into how integrated approaches are shaping the future of personalized medicine and healthcare.

To see the full agenda and list of speakers for this event click here.

In addition to expert presentations, attendees can participate in interactive sessions, visit the digital poster hall, and engage in real-time Q&A sessions with speakers.

For further information about the event & to register for free, click here.

About Olink Proteomics
Olink’s mission is to accelerate proteomics together with the scientific community, to understand real-time biology and gain actionable insights into human health and disease. Our innovative solutions deliver highly sensitive and accurate protein quantification, giving scientists the power to investigate complex biological processes with precision.

About Labroots
Labroots is the leading scientific social networking website, & primary source for scientific trending news & premier educational virtual events & webinars & more. Contributing to the advancement of science through content sharing capabilities, Labroots is a powerful advocate in amplifying global networks & communities. Founded in 2008, Labroots emphasizes digital innovation in scientific collaboration & learning. Offering more than articles & webcasts that go beyond the mundane & explore the latest discoveries in the world of science, Labroots users can stay atop their field by gaining continuing education credits from a wide range of topics through their participation in the webinars & virtual events.

Media Contact

Akshay Masand, Labroots, 714-463-4673, akshay.masand@labroots.com, https://olink.com/ 

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