Estate Planning Services Market set to hit $5.6 billion by 2035
Industry revenue for Estate Planning Services is estimated to rise to $5.6 billion by 2035 from $2.6 billion of 2024. The revenue growth of market players is expected to average at 7.1% annually for the period 2024 to 2035.
Estate Planning Services is critical across several key applications including wealth management, family trusts, retirement planning and asset protection. The report unwinds growth & revenue expansion opportunities at Estate Planning Services’s Service Type, End-Users, Client Age Group, Wealth Bracket and Professional Engagement including industry revenue forecast.
Industry Leadership and Competitive Landscape
The Estate Planning Services market is characterized by intense competition, with a number of leading players such as Charles Schwab Corporation, Ameriprise Financial Services Inc, Edward Jones, Fidelity Investments, E*TRADE, Morgan Stanley, Goldman Sachs Group Inc, Bank of America Wealth Management, Wells Fargo Wealth Management, JPMorgan Chase & Co, UBS Wealth Management and Raymond James Financial Services Inc..
The Estate Planning Services market is projected to expand substantially, driven by aging population and technological advancements. This growth is expected to be further supported by Industry trends like Changing Tax Legislation.
Moreover, the key opportunities, such as tapping into underserved markets, leveraging technological innovations and strategic collaborations to expand market presence, are anticipated to create revenue pockets in major demand hubs including U.S., UK, Australia, Canada and Germany.
Regional Shifts and Evolving Eco Systems
North America and Asia Pacific are the two most active and leading regions in the market. With challenges like complex regulatory environment and lack of awareness and misconceptions, Estate Planning Services market’s eco system from legal software developers / legal document preparatory services / estate planning attorneys to financial planning institutions is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including India, Brazil and South Africa for revenue diversification and TAM expansion.
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