The Asia-Pacific Wealth Management Market is Expected to Reach

Portland, OR, May 31, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the Asia-Pacific Wealth Management market generated $247.8 billion in 2020 and is expected to reach $811.5 billion by 2030, growing at a CAGR of 12.7% from 2021 to 2030. The report provides a detailed analysis of the changing dynamics of the market, major segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Rising demand for wealth management products and services, emergence of FinTechs and increasing demand for alternative investments are driving the growth of wealth management market in Asia-Pacific. However, the lack of transparency in pricing and competitive fees along with varied and conflicting regulations in different jurisdictions are hampering the growth to some extent. On the other hand, technological advances and the untapped potential of emerging economies present new opportunities in the years to come.

COVID-19 scenario:

  • The outbreak of the COVID-19 pandemic has had a positive impact on the growth of the Asia-Pacific wealth management market.
  • Physical lockdowns across countries during the COVID-19 health crisis have pushed wealth management firms to replace face-to-face meetings with virtual conversations to meet client demands.
  • Additionally, advances in technology are driving wealth leaders to prioritize digital transformation in their current business strategy. This, in turn, has become one of the key growth drivers for the wealth management market in Asia-Pacific during the global health crisis.

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The report offers a detailed segmentation of the Asia Pacific Wealth Management market based on business model, channel, vendor, end-user, and region.

Based on the business model, the human consulting segment held the highest market share in 2020, holding almost three quarters of the total market share, and is expected to maintain its leading status during the forecast period. However, the robotic consulting segment is estimated to register the highest CAGR of 24.2% from 2021 to 2030.

Based on the channel, the business-to-business (B2B) segment held the greater market share in 2020, holding nearly three-fifths of the total market share, and is expected to maintain its leading status over the forecast period. However, the direct-to-consumer (D2C) segment is expected to register the highest CAGR of 13.5% from 2021 to 2030.

According to countries, Australia contributed the highest share in terms of revenue in 2020, holding almost a fifth of the wealth management market in Asia-Pacific, and is expected to maintain its dominant share by 2030 However, the Vietnam region is expected to manifest the fastest CAGR of 31.6% during the forecast period.

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Key Asia Pacific Wealth Management Market players analyzed in the research include Bank of America Corporation, BNP Paribas, Charles Schwab & Co., Inc., Citigroup Inc., CREDIT SUISSE GROUP AG, Goldman Sachs, JPMorgan Chase & Co., Julius Baer Group, Morgan Stanley and UBS.

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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.


        

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