Financial Wellness Program Market Overview: Market Size, Major Drivers And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global financial wellness program market size is expected to grow from $1.78 billion in 2022 to $2.04 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The financial wellness program market is expected to reach $3.39 billion in 2027 at a CAGR of 13.5%.
What will drive the financial wellness program market?
Increasing awareness of financial stress is the key trend gaining popularity in the financial wellness program market going forward.
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Who are the major players in the market?
Major players in the financial wellness program market are Bank of America, Empower Retirement, Prudential Financial Inc., Nationwide Mutual Insurance Company, Morgan Stanley.
Which trend is gaining popularity in the financial wellness program market?
Technology integration is a key trend gaining popularity in the financial wellness program market. Major companies operating in the financial wellness program market are adopting new technologies to sustain their position in the market.
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How is the financial wellness program market segmented?
Global Financial Wellness Program Market Segments Include:
- By Type: For Employers, For Employees
- By Program: Financial Planning, Financial Education And Counseling, Retirement Planning, Debt Management, Other Programs
- By Application: Large Enterprises, Small And Medium Enterprises
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global financial wellness program market in 2021.
The Financial Wellness Program Global Market Report 2023 provides an overview of the financial wellness program market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The financial wellness program market forecast analyzes financial wellness program market size, financial wellness program market share, leading competitor and their market positions.
A financial wellness program is a service or project created to assist people in bettering their financial health and money management. Financial wellness programs enable employees to make the most of their salary by giving them the tools to control their daily spending, monitor and evaluate their progress toward saving and retirement objectives, and pay down debt.
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