The report of Global Financial Wellness Program Software Market by Deployment (Cloud-based and On-Premises), and by Organization Size (Large Enterprises, and Small and Medium Enterprises), By Region (North America, APAC, Europe, ME & Africa and South Africa) is expected to grow at xx% through 2020 to 2027, reaching US$ XX Mn.
Key players of Financial Wellness Program Software Market are Mercer LLC, Prudential Financial, Inc., Morgan Stanley, Bridge Credit Union, Health Advocate, MY SECURE ADVANTAGE, Edukate, Inc., BrightDime, Wellable LLC, Your Money Line, Financial Fitness Group, Enrich, KeyCorp, Prosperity Now, SmartDollar and PayActiv, Inc. amongst others.
Financial Wellness Program Software offer organizations with advanced tools necessary for the growth, administration and implementation of various financial wellness initiatives. Financial wellness program software systems often provide a technological stack of what a typical dynamic web organization size needs which can be a good way to minimize development costs. Financial wellness program software platforms offers customer service tools, another provides extra e-commerce features. Owing to continuous technological advancement, the market for increasing need to financial solutions is growing. The platforms like PayActiv and Branch allow employees to access their earned but unpaid income without paying any interest. This benefit is especially helpful for employees who tend to live paycheck to paycheck. It can be used for connecting with clients, residents and end users and sharing all kinds of information. For instance, PayActiv secures $100 million of funding for employer-sponsored financial wellness solutions for bringing security, dignity and savings to workers. The platform will benefit the employees to achieve their personal health goals, monitor data from wearable devices such as a FitBit, and even identify who has seen videos change behavior or completed tasks change behavior.
The companies expand their portfolio by merging with emerging players such as Wellbeing Software to be acquired by Citadel Group to enhance the company’s mission to deliver connected healthcare across UK healthcare organizations while also supporting international growth in specialty areas of radiology workflow, maternity, electronic patient health records and data management.
By geography, global financial wellness program software market is segmented into North America, APAC, Europe, MEA& Africa and South America. The financial wellness program software market in North America is anticipated to account for the highest revenue share contribution and projected to maintain its dominance in the target market during the forecast period due to extensive involvement of industry leaders and the pattern of early technology adoption. The Asia Pacific region is projected to register the fastest growth rate in the target market due to surge in penetration of smartphones and digitalizing the infrastructure in the region.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about Global Financial Wellness Program Software Market. The report encompasses the market by different segments, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in Global Financial Wellness Program Software Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explains Global Financial Wellness Program Software Market positioning of competitors.
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