Even the most relationship-driven businesses are not safe from the everlasting march of technology. The fund management industry is no exception, and the introduction of new data tools and connections have propelled the industry into a state of upheaval.
In 2025 Global Assets under Management will almost double in size from USD 84.9 trillion in 2016 to USD 145 trillion. In turn, this will propel the global investment management software market to reach USD 5.76 billion by the same year. With legacy players charging several hundred thousand dollars per year for their all-or-nothing solutions, it is no wonder that competition has emerged eying a piece of the pie. The global asset management software market to expand at a CAGR of 9.1% during the forecast period.