Navigating the constantly evolving world of technology can be tricky, particularly in the asset management sector. Consequently, it’s imperative to understand and keep track of the current trends and statistics that dictate this dynamic landscape. In this blog post, we dive deep into the realm of asset management, exploring how technology’s transformative power is revolutionizing the industry. From AI integration, blockchain adoption, to real-time analytics, these are not mere speculations but are backed by hard-hitting statistics. So, whether you’re an industry leader, a tech enthusiast, or simply curious about this intersection of technology and asset management, this insightful piece is set to bolster your understanding.
The Latest Technology In Asset Management Statistics Unveiled
The global market size for asset management technology was valued at nearly $215.53 billion in 2020.
As we traverse the technologically advancing landscape of asset management, one cannot ignore the hefty value of approximately $215.53 billion attributed to the global market size for asset management technology in 2020. This staggering number offers a kaleidoscopic view of the tech-dominant revolution impacting the terrain of asset management. It provides potent evidence of technology’s pivotal role in shaping, streamlining, and enhancing asset management strategies. Such impressive figures serve not only as a testimony to the gains already made but are also a beacon, illuminating the lucrative avenues for investors and tech-enthusiast for future exploration. Consequently, the connotation of this statistic reverberates throughout a blog post about Technology in Asset Management Statistics, highlighting the monumental impact and potentials inherent in merging technology with asset management.
It is estimated that the asset management industry will be over 50 percent digital by the end of 2025.
Highlighting this statistic underscores a key trend in the evolution of the asset management industry, namely the accelerated adoption of digital solutions. By 2025, more than half of this sector’s activities could be characterized by digital processes, including automated trading, predictive analysis, and client servicing, based on this forecast. In a blog post about technology, this prime statistic affirms the crucial role of digital technology in redefining asset management, revealing an industry at a tipping point, with implications for everything from operational efficiency to risk management, client engagement, and revenue growth. The statistic paints a compelling picture of the future, where being digital is no longer optional but integral for companies looking to stay competitive.
77 percent of asset management firms believe technology will reshape how they do business.
Unveiling a compelling landscape of the monumental shift occurring in the asset management industry, the revelation that a staggering 77 percent of firms are convinced that technology will revolutionize their business operations illuminates an insightful narrative about technology adoption. Through this lens, it becomes clear that the digitization wave is not just a futuristic prediction, but an ongoing transformation radically altering the core of asset management. This figure underscores an industry-wide consensus towards leveraging technology as the conduit to drive efficiency, responsiveness, and strategic decision-making, making it a critical pulse-check for anyone seeking to understand the forces shaping the future of asset management.
Approximately 4 billion people worldwide will be served by robo-advisors by 2022.
Harnessing the power of robo-advisors is a rising trend on the horizon that truly signifies a revolution in the asset management landscape. The prediction about serving 4 billion people globally showcases a staggering transformation, setting the stage for technology to take the lead by 2022. This number, unraveling the future, communicates the magnitude of shift from a world reliant on human expertise to a more tech-engulfed, automated environment. In an era where efficiency and precision are prized, asset management is no exception. Attention must be drawn to this number as it echoes the dawn of a new era, one where robo-advisors rule the roost, shaping the future of global asset management. It serves as a barometer predicting not only the growth of FinTech but the acceptance of artificial intelligence in every individual’s financial management strategies. Thus, this greatly anticipated leap into the future stands at the very heart of our discussion on Technology in Asset Management Statistics.
It is predicted that 90% of asset management firms will use AI to enhance their operational efficiency by 2025.
Foreseeing the landscape of asset management, this prophetic statistic stands as a testament to the impending tech-driven revolution. A forecasted 90% of firms embracing AI by 2025 underscores the industry’s recognition of AI’s potential in amplifying operational efficiency. The integration of AI into their infrastructures signifies a radical shift towards automation and advanced analytics, transforming the way asset management functions. This tells a tale of technological adoption, where sophisticated algorithms are favored over traditional methods for their superior precision and speed. Thus, in the constellation of Technology in Asset Management Statistics, this prediction shines a light on the strategic trajectory that majority of firms are expected to embark on, making it a pivotal piece of information in understanding the future course of the industry.
Nearly 78% of asset managers are keen to invest in data analytics tools.
In the realm of asset management, the statistic dramatizing that a whopping 78% of asset managers are intrigued to embed their investments in data analytics tools unveils an invigorating trend. Regarding a blog post about technology in asset management, this figure serves as a definite testament to the rising significance of tech tools, making them an indispensable aspect in the current-day asset management landscape.
This propensity towards data analytics tools highlights how asset managers are increasingly gravitating towards leveraging advanced technology to enhance efficiency, optimize strategies, and generate more accurate forecasts. Not only does it underscore their quest for innovative solutions, but it also distinctly paints a picture of the modern asset manager, who is tech-savvy, forward-thinking, and who is incessantly seeking to adapt, evolve, and thrive in a data-driven world.
With the drumbeat of this statistic resonating throughout the asset management industry, it indicates synergistic possibilities with tech companies, potential growth in jobs related to technology and asset management, and the potential for a future increasingly shaped and defined by sophisticated technology. The surge of technology use, mirrored by this statistic, is a telling barometer of the seismic shift within asset management and financial sectors writ large.
Close to 80% of investment managers expect their firms to adopt blockchain technology by 2021.
Interpreting this crucial statistic, it becomes imperative to note that a staggering near 80% of investment managers foresee their respective firms adopting blockchain technology by 2021. In the ever-evolving narrative of Technology in Asset Management, this data point serves as a future-forward indicator. It mirrors the rising conviction in the transformative potential of blockchain technology. It is a harbinger of the imminent shift in operational paradigms, possibly prompting an industry-wide technological upswing. The statistic illuminates the trajectory of this emerging trend, acting as a barometer for gauging the degree and pace of technological assimilation within the Asset Management sector. Readers grasping this trend are well-positioned to understand the industry’s swift digitalization and the sweeping changes blockchain technology might bring about.
Digital capabilities will account for 30% of the total share of the operations cost in the Asset management industry by 2025.
Highlighting the prediction that digital capabilities will account for 30% of the total operations cost in the Asset Management industry by 2025 paints a revealing picture of the increasing relevance and importance of technology in this field. This figure anticipates an intrinsic paradigm shift, where asset management firms are transitioning from traditional methods towards tech-oriented processes. As more aspects of asset management digitize, like data processing, transactions, and customer interactions, the operational budget gradually shifts to accommodate this digital transformation. This important statistic sets the stage to delve deeper into the intrigue of how technology is shaping and revolutionizing asset management, making it aninvestigative piece worth your reader’s attention.
The internet of things (IoT) market in asset management is projected to grow at a CAGR of 27.1% by 2026.
Painting a picture of rapid growth and transformation, this statistic catapults the Internet of Things (IoT) into a pivotal role within the realm of asset management. With a whopping projection of 27.1% CAGR by 2026, it signifies an imminent wave of digitization that will redefine the way asset management operates. This shift not only highlights the potential for improved efficiency but also heralds fresh investment opportunities within the technology sector. In the backdrop of a tech-driven Asset Management landscape, the statistic serves as a beacon signifying the accelerated pace of innovation and the importance of adaptability in the face of changing industry trends.
Around 70% of asset managers reported cost savings as a significant benefit of adopting AI.
Delving into the intriguing world of technology in asset management, one cannot ignore the sheer influence of Artificial Intelligence (AI). Approximately seven out of ten asset managers have discovered a goldmine of cost savings from adopting AI. This crucial information may serve as a catalyst for others in the industry to also embrace this technological advancement.
By peeling back the layers of this data, we can infer that the implementation of AI is not just a frivolous trend, but an investment that has potentially significant financial benefits. This could translate into more streamlined operations, reduced man-hours, and effectively, a chunkier bottom line.
Therefore, in the galaxy of asset management, this statistic shines brightly as a persuasive argument for hopping aboard the AI spaceship. Through AI, there is a chance to not just survive in the competitive space of asset management, but to thrive in it. Consequently, observers and participants in this industry may want to pay careful attention – the future isn’t simply knocking at the door; it has already entered the room.
Almost 3/4 of asset managers believe that technology will largely replace human advisers by 2025.
Painting a vivid picture of the evolving landscape in asset management, this particular statistic underscores the growing confidence among asset managers in technology’s ability to take over tasks typically performed by humans. It serves as a compelling glimpse into the future, marked by sweeping AI-driven transformations, expected to hit the industry by 2025. In a blog post centered around Technology in Asset Management Statistics, it provides the readers with a stark indicator of the impending change, laying bare the reality of the impending tech-led revolution, making it an unmissable number to consider while discussing the subject.
It is predicted that by 2022, more than 40% of asset management firms will be utilizing robo-advisory programs.
Delving into the world of asset management, it’s impossible to overlook the rising prevalence of technology. The forecast that by 2022, over 40% of such firms will be capitalizing on robo-advisory programs absolutely underscores this point. This digitized trajectory is not merely an indication of technological advancements permeating the finance sectors, but also a hint towards a future asset management landscape quite different from what we are accustomed to.
In a blog post discussing this very topic, the forecast becomes a critical pivot point. It works two-fold – first, it sets the stage for understanding just how intrinsically technology has woven itself into the fiber of asset management. Second, it acts as a signpost, setting the direction in which the industry is irrevocably moving – technology-driven, automated, and machine-informed.
Inevitably, such shift prepares today’s asset managers to brace themselves for an era where their reliance on technology will no longer be optional. It also provides them with a sense of urgency to conform and evolve with this growing trend, while reassuring potential and existing investors of the industry’s commitment to innovation and efficiency.
In essence, this statistic is a beacon, illuminating the path ahead for both professionals and investors in the realm of asset management, while also emphasizing the irreplaceable role of technology in shaping this path.
Around 79% of those in asset management plan to increase their technology budgets next year, with many citing data management and analytics capabilities as a key area of focus.
Shedding light on the evolving dynamics of asset management industry, this statistic underscores a major shift towards technological investments. A substantial 79% of asset management practitioners plan to elevate their technology budgets in the forthcoming year. Unmistakably, this reflects an intensive industry-wide strive towards becoming more technologically adept and data-driven. It signals that future competitiveness in the asset management sector will highly rely on superior data management and analytic capabilities. Therefore, the statistic not only charts the investment trend in the industry, but also spotlights the critical areas of focus – data management and analytics, making it a cardinal point of reference in understanding the interplay of technology and asset management.
It is projected that by 2025, up to 80% of asset management relationships will be digital.
In grappling with the realities of a fast-paced tech-driven world, this projection, that 80% of asset management relationships will be digital by 2025, serves as a compelling illustration on how rapidly technology is reshaping the asset management landscape. Indicators like this underpin the increasing recognition of digital platforms as the future bastions of asset management.
This understanding adds depth to the insightful narrative of the blog post, providing readers with a telling picture of the impending dominance of digital technology in asset management. The insight offered by the statistic acts as an influential pointer for both industry insiders and observers about the necessity of adapting to the digital revolution both quickly and efficiently.
In essence, the statistic encapsulates a targeted forecast about the future of asset management, emphasizing the inevitable need for incumbents to revise traditional business models in order to sustain in the digital race. Such measurable projections bolster the blog’s implications about the profound influence of digital transformation on the asset management industry.
This needle-moving statistic is a vivid manifestation of the scale and pace at which technology is redefining the realm of asset management, making it an indispensable addition to the blog post discussion in terms of relevance and credibility.
By 2023, it is estimated that up to 90% of asset management firms will have fully automated their operations.
Delving into the notable projection that up to 90% of asset management firms are anticipated to have fully automated their operations by 2023, it goes to show the magnitude of a techno-centric seismic shift that the industry is on the verge of. This transformative trend is not merely an implication of a tech revolution for the love of all things novel, but rather speaks volumes about the effectual benefits of automation embraced by finance firms.
This digital transition will potentially overhaul archaic practices, replacing them with efficiency, accuracy, and cost effectiveness. A technologically driven asset management environment encourages robust operations, innovative methods and data-driven decisions. Thus, this motivates the pivoting of established models towards technological incorporation in asset management, more than previously estimated, undeniably making this one powerful statistical nugget for anyone curious about the future of finance in the realm of technology.
In 2021, around 25% of investment management firms enhanced their technological capabilities through M&A activities.
This intriguing figure indicates a major pivot in the landscape of investment management in 2021. An impressive 25% of firms stepped up their game, adjusting their sails by harnessing the power of M&A to fortify their technological prowess. This underscores a shift in trend where firms are not just viewing technology as an operational aspect, but strategically utilizing it as a driving force of growth. It signifies that in the investment management industry, technology not only empowers, but also differentiates, thus ultimately influencing firm-level competitiveness. As such, success in this realm may increasingly hinge on advancements in technology implementation, which underscores the significance of this statistic in the context of a broader discussion about technology in asset management.
70% of asset managers leverage cloud services to manage their IT infrastructure.
Highlighting the compelling statistic that 70% of asset managers rely on cloud services for their IT infrastructure management underscores the growing influence and indispensability of technology in the field of asset management. It sheds light on a trend that’s not only reshaping operational efficiencies but also revolutionizing the ways in which asset managers respond to market dynamics. This serves as a data-driven testament to the ongoing digital transformation within the sector, underlining the shift from traditional practices to more agile, technology-powered strategies. Thus, this fact holds significant potential in unraveling the intricate dynamics between technology and asset management, painting a vivid picture of the future of this industry.
Nearly 80% of asset managers say that implementing ESG metrics into risk management is a significant technologic challenge.
Navigating the maze of Asset Management, the often-cited statistic of nearly 80% of asset managers finding the incorporation of Environmental, Social, and Governance (ESG) metrics into risk management a significant technological hurdle paints an intriguing picture. Sketched against the canvas of modern technology integration, this statement magnifies the intriguing paradox: as much as technology has fortressed the financial landscape, it’s not without its share of battles.
Take a step back and this statistic plugs us straight into the heart of the big tech revolution storming the asset management corridors. Every percentage point in this chunk of 80% proclaims the pressing need for advanced technological solutions capable of assimilating ESG data into risk management. Clamping down on the challenges of deciphering sustainable investments, and marrying it seamlessly into the annals of risk management, demands new-age tech interfaces.
Furthermore, this statistic underscores an unmistakable trend. It thrusts into limelight the brewing consensus amongst asset managers worldwide on the need for technological interventions to aid in the ESG conundrum. From this vantage point, the statistic becomes a sounding board for asset managers grappling with technology adoption challenges.
All said and done, this striking statistic stands as a beacon, illuminating future directions for technology in asset management, particularly in overcoming the inherent complexities of ESG incorporation. It acts as a lens to gaze into the intersection of sustainable investments, risk management, and technology, thereby leaving an indelible mark on the broader narrative of ‘Technology In Asset Management Statistics’.
Mobile asset management solutions will be adopted by over 60% of organizations by 2026.
Reflecting upon the compelling statistic that over 60% of organizations will adopt mobile asset management solutions by 2026, it breathes life into the burgeoning evolution in the landscape of technology-based asset management. It serves as tangible proof that the migration towards digital solutions is not merely a trend, but rather an inevitability – a veritable juggernaut of technological advancement gaining momentum by the day.
This surge in adoption testifies to the value organizations perceive in mobile asset management – convenience, real-time analytics, and improved efficiency, to name but a few. This prophecy, if you will, of a rapid tilt towards tech-enabled asset management, paints a vivid road map for both businesses and solution providers. It signifies the onset of a new era where flexibility and mobility will no longer be mere options, but fundamental pillars in organizational asset management strategies.
For businesses, the statistic underscores the need for prompt adaptation to remain competitive and efficient. While for solution providers, it marks a massive opportunity for growth and reinforces the need to innovate versatile, user-friendly solutions. Therefore, this statistic isn’t just a predictor – it’s an influencer of technology’s expanding role in asset management.
Conclusion
In summary, the integration of technology in asset management has significantly revolutionized the field, with tangible statistical data to back this claim. The numbers provide a clear insight into the rising technology adoption rates – from cloud-based applications to artificial intelligence and machine learning, which have drastically increased efficiency, accuracy, and productivity. The statistics discussed highlight the indispensable role of technology in modern asset management and hint towards a future where its role will only amplify. Indeed, technology in asset management is no longer a ‘nice-to-have’, but rather a crucial investment for any forward-looking firm. As we forge ahead, it will be intriguing to witness further advancements and their statistical impacts on the industry.
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