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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. 

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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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SOURCE Technavio

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CES 2025: MIFA Yukon– Outdoor Bluetooth speaker with Low-Latency intercoms

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NEWARK, Del., Jan. 9, 2025 /PRNewswire/ — MIFA is a leading innovator in the audio industry field and the latest model Yukon will showcase at CES 2025.It is not only just a speaker with exceptional acoustics; but also boasts unique intercom functionality, making it especially suitable for team communication.

Innovative Walkie Talkie, Efficient Communication without SIM card The low-latency doesn’t rely on cellular networks when you are outdoors. Whether you’re in remote mountain or signal blind spots, ensure stable, low-latency instant communication with your teammates. Its mesh networking technology enables up to 6 devices to connect to each other keeping your team closely connected and communicating at all times, whether it’s a team hike, bike trip, or outdoor camping adventure, offering you the best safety coverage.

Excellent sound quality, immersive enjoyment equipped with large NdFeB magnet composite membrane speakers, combined with Actions DSP algorithm and MIFA Golden Ear Acoustic Team tuning , The Bass Loudness dynamic tracking technology ensures rich bass even at low volumes. Bluetooth V5.3 wireless connection allows for faster and more stable sound transmission, delivering high-quality music playback experience. In addition, the speaker is designed for outdoor use, maintaining clear and delicate sound even in harsh weather conditions. Whether it’s music playback or voice calls, you can enjoy an immersive experience.

Free to Go with Its Lightweight The Yukon is the perfect companion for any outdoor excursion with its light weight. The lightweight design makes outdoor activities easier and more convenient. Whether you hang it on your backpack or put it in your carry-on bag, it won’t weigh you down. This portable and lightweight device offers dual benefits of music and communication, making every trip more enjoyable and freeing.

Sturdy and durable with IP67 dustproof and waterproof rating Yukon adopts patented silicone membrane sealing technology, achieving an IP67 dust and water-proof rating, which enables it to work perfectly in harsh environments like sandstorms and rain. Moreover, it has passed rigorous tests including 48-hour salt spray test, making it resistant to impact, shock, and immersion. Even when exposed to extreme temperatures ranging from -15℃ to 45℃, its performance remains stable, fearlessly supporting you in various outdoor adventures.

Practical lighting illuminates outdoor life Yukon is equipped with high-brightness RGB LED lights, with a maximum brightness of 80Lm, making it suitable for night camping or hiking. The patented light guide technology ensures that the light is evenly distributed, while the yellow ambient circle light is both practical and beautiful, adding a warm touch to outdoor activities at night.

Voice Interaction, Smart and Intelligent Yukon not only supports Bluetooth connection for music and phone calls, but also features a powerful one-click wake-up function for voice assistants. With just a gentle touch, Siri and other intelligent assistants can be activated for easy natural language interaction. It makes playing music, checking information, and navigating a breeze, adding intelligence and ease to your outdoor lifestyle.

Long-lasting battery life: Enjoy uninterrupted fun! With a powerful built-in lithium battery, our device supports continuous usage for up to 10 hours, making it the perfect companion for all-day outdoor activities. Plus, the universal Type-C charging interface allows for convenient charging anytime, ensuring an unforgettable adventure that lasts as long as you do.

Aesthetic and Practical Various Accessories MIFA has designed a series of practical and diverse accessories. The magnetic detachable back clip allows the speaker to be easily secured on backpacks, tents, or other equipment, ensuring that music and intercom functions are always within reach. Equipped with a bicycle mounting adapter, it can be firmly installed on various types of frames, allowing you to enjoy music during your cycling adventures. Additionally, neck and hand straps are provided, suitable for hiking and sports, making it easy to carry and use at any time.

Breakthrough Boundaries, Continuously Innovate. Innovation is the DNA of MIFA. Three years ago, we launched the first-ever camping lantern and speaker combination product, the WildCamping lantern speaker, revolutionizing the outdoor speaker market. Today, we break boundaries yet again with the release of the MIFA Yukon multi-link walkie-talkie Bluetooth speaker, perfectly blending innovation and practicality to offer even more exciting exploration experiences for outdoor enthusiasts. Whether navigating through mountainous terrain or casually hiking outside of the city, MIFA is committed to making outdoor life more thrilling. We applaud every outdoor adventurer from the bottom of our hearts!

Contact Information
Jenny Yin
Marketing Director
Cell/WhatsApp: +86-13590212903
Email: jenny.yin@mifalife.net 

Contact Information
Chanel Yao
International Sales Manager
WhatsApp: +86-15820422237
Email: mifa-sales10@mifalife.net 

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SOURCE MIFA

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Analytic Partners Strengthens Market Position and Enhances Customer Solutions with Analyx Acquisition

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MIAMI, Jan. 10, 2025 /PRNewswire/ — Analytic Partners, a global leader in Commercial Analytics, announced today that it has closed on the acquisition of Analyx®, a marketing analytics software and services company. With multi-national offices in Germany and Poland, Analyx has an impressive customer base of significant European companies with a focus on Germany and Switzerland. This strategic acquisition extends Analytic Partners’ penetration in Europe, and adds significant analytics and software development talent.

The acquisition of Analyx expands Analytic Partners’ ability to deliver Commercial Intelligence to major brands in Germany and throughout Europe. Analyx’s impressive customer roster has enabled the analysis of $5 billion in marketing spend over the last 12 months, with approximately 2,500 scenarios executed by customers over the last several years. The Analyx acquisition builds upon the momentum of its 2024 acquisition of Magic Numbers, a leading analytics firm in the UK, further deepening Analytic Partners’ presence in Europe.

“Analytic Partners is at the forefront of elevating marketing mix modeling by pioneering innovations that deliver a full commercial perspective. Our Commercial Decisioning Platform, GPS-Enterprise, offers decision-making tools to the world’s leading brands,” stated Nancy Smith, President and CEO of Analytic Partners. “The values and mission of the Analyx team, under the leadership of Claudio Righetti & Sascha Stürze, align perfectly with ours. Acquiring Analyx enhances our Commercial Analytics solution, extending it to more global enterprises and creating meaningful synergies that will benefit our European and global customers.”

“Joining Analytic Partners today is climbing the next S-Curve for Analyx! It enables us to further our mission to create value through advanced data science and self-service software for enterprise brands – at a truly global scale,” explained Founder and CPO, Sascha Stürze.

CEO, Claudio Righetti, added, “Joining forces with Analytic Partners aligns to the foundational vision of Analyx: Building and delivering world-class decision-support tools to enterprise customers worldwide. By joining Analytic Partners we can offer our customers a true global presence and expand the range of services offered.”

About Analytic Partners  

Recognized as a leader in both the 2024 Gartner Magic Quadrant for Marketing Mix Modeling Solutions and The Forrester Wave™: Marketing Measurement and Optimization, Q3 2023 report, Analytic Partners provides marketing measurement and Commercial Analytics to Fortune 500 brands around the globe. We provide adaptive solutions for deeper business understanding and right-time planning and optimization – for marketing and beyond. We turn data into expertise so our customers can create powerful connections with their customers and achieve commercial success. For more information, visit analyticpartners.com.

About Analyx  

Analyx® is a European leader in Marketing ROI decision support with offices in Poland, and Germany. It has served 10 of 40 DAX companies and other European multi-nationals in recent years with its advanced data science solution for marketing budget optimization at scale. It combines an experienced data analytics team with industry-experienced consultants providing independent and impartial marketing recommendations to the CMO office. If you’d like to learn more about Analyx®, please visit: analyx.com.

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SOURCE Analytic Partners

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Tianma Introducing Wide Range of Automotive Display Technologies at CES 2025

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Tianma, a leading global manufacturer of flat panel displays, is featuring an expanded portfolio of display technologies for the automotive market at CES, West Hall Meeting Rooms – W323, Las Vegas, Nevada, January 7-10. Highlighted OLED and Micro-LED products include: Dual-Screen Multi-Curved Color-Matched OLED Display; 3D Instrument Cluster; 12.3″ LTPS Mini-LED InvisiVue™ Display; Integrated Reflective Imaging System (IRIS) Panoramic Head-Up Display; and a new Light Field 3D-HUD.

CHINO, Calif., Jan. 9, 2025 /PRNewswire-PRWeb/ — Tianma, a leading global manufacturer of flat panel displays, is featuring an expanded portfolio of display technologies for the automotive market at CES, West Hall Meeting Rooms – W323, Las Vegas, Nevada, January 7-10.

Highlighted OLED and Micro-LED automotive products at CES 2025 include: Dual-Screen Multi-Curved Color-Matched OLED Display; 3D Instrument Cluster; 12.3″ LTPS Mini-LED InvisiVue™ Display; Integrated Reflective Imaging System (IRIS) Panoramic Head-Up Display; and a new Light Field 3D-HUD.

Highlighted OLED and Micro-LED products include: Dual-Screen Multi-Curved Color-Matched OLED Display; 3D Instrument Cluster; 12.3″ LTPS Mini-LED InvisiVue™ Display; Integrated Reflective Imaging System (IRIS) Panoramic Head-Up Display; and a new Light Field 3D-HUD.

Dual-Screen Multi-Curved Color-Matched OLED Display

Tianma’s Dual-Screen Multi-Curved Color-Matched OLED Display, developed in conjunction with Corning, offers unparalleled visual clarity in automotive applications. This innovative true-black display features a unique multi-curvature design, with a left curvature radius of R800mm for optimal driver focus, a middle curvature radius of R1140mm, and a right curvature radius of R2160mm to accommodate the passenger.

The system seamlessly bonds two color-matched 13″ OLED displays to the multi-curve cover glass made possible with Corning® ColdForm™ Technology. The result is a single, continuous screen providing an enhanced visual experience.

Equipped with advanced Stacked Layered OLED Device (SLOD) technology, this display is not only thinner and lighter but also boasts an extended lifespan, making it the perfect choice for modern vehicle interior design.

12.3″ 3D Instrument Cluster

The 12.3″ 3D Instrument Cluster is the industry’s first automotive instrument display screen that employs liquid crystal prism technology to achieve 2D/3D switchable functionality. It is also the first automotive display screen to achieve 500 pixels per inch (PPI). This instrument cluster offers real-time adjustable 3D depth, along with lossless switching between 2D and 3D modes. Additionally, the module adopts Tianma’s own light field rendering technology, providing drivers with a stable, continuous and comfortable 3D visual experience.

12.3″ LTPS High Transmissivity InvisiVue™ Mini-LED

This display features a highly transmissive decorative layer that looks like brushed metal or wood grain in the non-operating state, while the active area of the display is invisible to the user. When the display is turned on, only the image content emerges through the 80% transmissive decorative layer. The combination of a Mini-LED backlight and the high-transmissivity decorative layer yields a high-quality image for improved visual perception and user experience.

Integrated Reflective Imaging System (IRIS) Panoramic-HUD

The IRIS PHUD, independently developed by Tianma with its sophisticated optical path design, precisely projects images to the bottom edge of the vehicle’s windshield. It can adopt a triple-screen or large-size bar-shaped display layout, comprehensively covering the visual range of the driver, the center console area, and the front passenger.

Light Field 3D Head-Up Display (HUD)

The 4.1″ Light Field 3D-HUD is the industry’s first 3D-HUD display product utilizing light field rendering technology. It combines an advanced 3D picture generation unit (PGU) with an augmented reality (AR) HUD platform to provide users with realistic 3D scenes and natural depth perception effects. Compared to traditional 2D images, the 3D-HUD offers a more intuitive and immersive AR experience.

Tianma is hosting visitors at their booth in West Hall Meeting Rooms – W323. More information is also available in the Tianma press kit, accessible online at usa.tianma.com/press

About Tianma America, Inc.

Tianma America (TMA) is the leading provider of small- to medium-size display solutions to the Americas market utilizing advanced technologies and manufacturing resources of the Tianma Group Companies, which includes R&D and manufacturing locations in Chengdu, Wuhan, Xiamen, Wuhu, Shenzhen and Shanghai China. Tianma America technologies can be found in automotive cockpit and rear seat entertainment devices, smartphones, tablet PCs, industrial and medical instrumentation, wearables, home automation, household appliances, and office equipment. Additional applications include test and measurement systems, instrumentation equipment, point-of-sale and ATM systems, gaming systems, global positioning systems, radio-frequency identification devices and barcode scanners.

Tianma America’s technology portfolio comprises: Micro-LED; a-Si, LTPS and Oxide-TFT LCD; rigid, flexible and transparent AM-OLED; 3D, PCAP and In-cell/On-cell integrated touch. With a network of best-in-class distributors and value-added partners, Tianma America provides complete display module solutions for a broad base of customers and applications. For more information, visit us at usa.tianma.com or connect with us on LinkedIn.

The content in this press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.

Media Contact

Dale Maunu, Tianma America, Inc., 1 408-816-7003, dale.maunu@tianma.com, usa.tianma.com

Bill Maurer, Macrovision, 1 215-348-1010, bill@macrovis.com, www.macrovis.com

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SOURCE Tianma America, Inc.

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