<b>Vantage point:</b> Insights from cutting-edge research

The wealth management industry has been experiencing evolution since the 2008 financial downturn, and 2017 is expected be another year marked with changes to business models and the way providers interact with clients. As recorded, “regtech” (regulatory technology) solutions are a peculiar reason for incumbents to partner with fintech start-ups and blockchain technology can also be more widely embraced if compliance is guarded, says Ken Research new report titled “M&A to boost global wealth management market”. Smaller and local providers will be earning a major market share in the global wealth management space.

Since the market volatility is expected to continue, managing the level of investment portfolio risk and clients’ expectations in terms of returns will be more significant than ever in the years to proceed, the report said. Digital wealth management is not only a proposition that will entreat to investors, but providers are forecasted to continue in order to target audiences with new robo-advice platforms. The report inspects the latest asset allocation trends and the reason driving the growth of equities and alternative investments in particular and draws on the 2016 Global Wealth Managers Survey of 324 executives to provide fact-led insight.

Global BI and analytics market to reach $18.3 billion in 2017

Global revenue in the business intelligence (BI) and analytics software market is forecast to reach $18.3 billion in 2017, an increase of 7.3 per cent from 2016, according to the latest forecast from Gartner, Inc. By the end of 2020, the market is forecast to grow to $22.8 billion. According to Gartner, modern BI and analytics continues to expand more rapidly than the overall market, which is offsetting declines in traditional BI spending. The modern BI and analytics platform emerged in the last few years to meet new organisational requirements for accessibility, agility and deeper analytical insight, shifting the market from IT-led, system-of-record reporting to business-led, agile analytics including self-service.

The modern BI and analytics market is expected to decelerate, however, from 63.6 per cent growth in 2015 to a projected 19 per cent by 2020. Gartner believes this reflects data and analytics becoming mainstream. The market is growing in terms of seat expansion, but revenue will be dampened by pricing pressure. “Purchasing decisions continue to be influenced heavily by business executives and users who want more agility and the option for small personal and departmental deployments to prove success,” said Rita Sallam, research vice-president at Gartner.

India’s air purifiers market to grow at 30% between 2017 and 2023

India’s air purifiers market, which is at a very nascent stage, is expected to evolve exponentially owing to increasing marketing push from various players and also educating the customers about the benefits of using air purifiers, according to a new report by 6Wresearch titled “India Air Purifier Market (2017-2023)”.

Compared with countries like US, where air purifier penetration was around 40 per cent in 2016, India’s penetration rate was merely 1.2 per cent (based on urban households considering organised market) in 2016. According to 6Wresearch, India’s air purifier market volume is projected to grow at a compound annual growth rate of of 30 per cent during 2017-23. Contradictory to its core benefit, that is cleaning indoor pollutants, the market is currently driven by the hype of density of outdoor pollution through media. This has spurred the overall market especially in tier-I cities across India, where Delhi contributes more than half. The market for air purifiers in India is highly cyclic in nature, where the major demand comes around in winters due to the presence of smog.