2013-2028 Report on Global Financial Wellness Program Market by Player, Region, Type, Application and Sales Channel

Published: May, 2019 | Pages: 122 | Publisher: MAResearch
Industry: ICT | Report Format: Electronic (PDF)

Industry Insights

The financial wellness program market is anticipated to achieve significant revenue share by 2028 on account of rising awareness among employers and employees in the developing and underdeveloped countries. Financial wellness or financial wellbeing is termed as an individual’s overall economic health and the absence of money-related concerns. It is an outcome of successful budget management. The program is a major part of employee wellbeing that comprise financial, physical, and mental wellbeing. As per the research by the Society for Human Resource Management, financial stress results over a 30% rise in tardiness and absenteeism. This, in turn, will boost market growth in the coming years.

Drivers and Restraints

Rising number of players such as SmartDollar, HelloWallet, and GreenPath are introducing novel monetary security strategies and industries are expanding HR competencies to measure monetary initiatives will show a positive impact on overall industry growth. Factors such as lack of personalization and targeting, lack of clarity among employees regarding potential benefits of a wellness program, and limited program scope are expected to show a negative impact on overall industry growth in the coming years.
Trends

The recent trend in this industry is rising number of wellness programs at workplace help organizations to enhance productivity while reducing overall operational costs. These programs help organizations to boost employee performance and adopt a healthier lifestyle. Thus, will escalate industry growth.

Financial wellness program industry is categorized based on type, application, sales channel, and regions.

Based on type, the industry is categorized into for employees and employers. The employer’s segment is anticipated to account for the largest revenue share and continue its dominance over the forecast period. Employers are offering several digital portal calculators and tools to help employees to manage their economic wellbeing. Thus, will stimulate segment growth in the forecast period. In addition, factor such as rising economic stress that may affect industrial growth and success planning is a reason for employers to include economic wellbeing program, thus, will drive segment growth. For instance, over 80% of employers in the U.S. offer economic wellbeing programs to their staff.

Based on applications, the industry is categorized into small and medium enterprises (SMEs) and large enterprises. Large enterprises segment is expected to remain dominant with significant revenue share in the forecast period. The segment is expected to gain momentum owing to developing digital technology and a rising number of employees and employers that focus on monetary wellbeing programs to advance job attraction, keep the talents, and relieve economic risk. Also, large enterprises offer a new financial program like cash incentives to benefit employees and reduce the risk of money management. This, in turn, will propel industry demand in the near future.

Based on the sales channel, the industry is categorized into a distribution channel and a direct channel.

Geographically, the industry is categorized into Middle East & Africa, North America, South America, Europe, and Asia Pacific. Globally, North America is expected to account for the largest revenue share and continue its dominance over the forecast period. Presence of major players who introducing the latest financial wellbeing awareness programs in the region will boost product demand. The U.S. is a major consumer in this region owing to rising awareness among consumers regarding the benefits of this program. As per the survey carried out by RAND employer states that around 50% of the employers in the U.S. provide employee wellness programs.

Competitive Players

Prominent players of the financial wellness program market include Interface, Mercer, PayActiv, Fidelity, SmartDollar, Prudential, Prosperity Now, Morgan Stanley, KeyBank, Bridge Credit Union, Enrich, Health Advocate, Financial Fitness Group, My Secure Advantage (MSA), Your Money Line, Edukate, Wellable, and BrightDime. These players are concentrating on the expansion of business to include in-house employee wellness services.
The global Financial Wellness Program market was valued at $XX million in 2017, and MAResearch analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2017 and 2028.

This report provides detailed historical analysis of global market for Financial Wellness Program from 2013-2018, and provides extensive market forecasts from 2018-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Financial Wellness Program market.

Leading players of Financial Wellness Program including:

• Mercer
• Fidelity
• Prudential
• Morgan Stanley
• Bridge Credit Union
• Health Advocate
• My Secure Advantage (MSA)
• Edukate
• BrightDime
• Wellable
• Your Money Line
• Financial Fitness Group
• Enrich
• KeyBank
• Prosperity Now
• SmartDollar
• PayActiv
• Interface

Market split by Type, can be divided into:

• For Employers
• For Employees

Market split by Application, can be divided into:

• Large Enterprises
• SMEs

Market split by Sales Channel, can be divided into:

• Direct Channel
• Distribution Channel

Market segment by Region/Country including:

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

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 Table of Contents

Chapter 1 Financial Wellness Program Market Overview
    1.1 Financial Wellness Program Definition
    1.2 Global Financial Wellness Program Market Size Status and Outlook (2013-2028)
    1.3 Global Financial Wellness Program Market Size Comparison by Region (2013-2028)
    1.4 Global Financial Wellness Program Market Size Comparison by Type (2013-2028)
    1.5 Global Financial Wellness Program Market Size Comparison by Application (2013-2028)
    1.6 Global Financial Wellness Program Market Size Comparison by Sales Channel (2013-2028)
    1.7 Financial Wellness Program Market Dynamics
        1.7.1 Market Drivers/Opportunities
        1.7.2 Market Challenges/Risks
        1.7.3 Market News (Mergers/Acquisitions/ Expansion)

Chapter 2 Financial Wellness Program Market Segment Analysis by Player
    2.1 Global Financial Wellness Program Sales and Market Share by Player (2016-2018)
    2.2 Global Financial Wellness Program Revenue and Market Share by Player (2016-2018)
    2.3 Global Financial Wellness Program Average Price by Player (2016-2018)
    2.4 Players Competition Situation & Trends
    2.5 Conclusion of Segment by Player

Chapter 3 Financial Wellness Program Market Segment Analysis by Type
    3.1 Global Financial Wellness Program Market by Type
        3.1.1 For Employers
        3.1.2 For Employees
    3.2 Global Financial Wellness Program Sales and Market Share by Type (2013-2018)
    3.3 Global Financial Wellness Program Revenue and Market Share by Type (2013-2018)
    3.4 Global Financial Wellness Program Average Price by Type (2013-2018)
    3.5 Leading Players of Financial Wellness Program by Type in 2017
    3.6 Conclusion of Segment by Type

Chapter 4 Financial Wellness Program Market Segment Analysis by Application
    4.1 Global Financial Wellness Program Market by Application
        4.1.1 Large Enterprises
        4.1.2 SMEs
    4.2 Global Financial Wellness Program Sales and Market Share by Application (2013-2018)
    4.3 Leading Consumers of Financial Wellness Program by Application in 2017
    4.4 Conclusion of Segment by Application

Chapter 5 Financial Wellness Program Market Segment Analysis by Sales Channel
    5.1 Global Financial Wellness Program Market by Sales Channel
        5.1.1 Direct Channel
        5.1.2 Distribution Channel
    5.2 Global Financial Wellness Program Sales and Market Share by Sales Channel (2013-2018)
    5.3 Leading Distributors/Dealers of Financial Wellness Program by Sales Channel in 2017
    5.4 Conclusion of Segment by Sales Channel

Chapter 6 Financial Wellness Program Market Segment Analysis by Region
    6.1 Global Financial Wellness Program Market Size and CAGR by Region (2013-2028)
    6.2 Global Financial Wellness Program Sales and Market Share by Region (2013-2018)
    6.3 Global Financial Wellness Program Revenue and Market Share by Region (2013-2018)
    6.4 North America
        6.4.1 North America Market by Country
        6.4.2 North America Financial Wellness Program Market Share by Type
        6.4.3 North America Financial Wellness Program Market Share by Application
        6.4.4 United States
        6.4.5 Canada
        6.4.6 Mexico
    6.5 Europe
        6.5.1 Europe Market by Country
        6.5.2 Europe Financial Wellness Program Market Share by Type
        6.5.3 Europe Financial Wellness Program Market Share by Application
        6.5.4 Germany
        6.5.5 UK
        6.5.6 France
        6.5.7 Italy
        6.5.8 Russia
        6.5.9 Spain
    6.6 Asia-Pacific
        6.6.1 Asia-Pacific Market by Country
        6.6.2 Asia-Pacific Financial Wellness Program Market Share by Type
        6.6.3 Asia-Pacific Financial Wellness Program Market Share by Application
        6.6.4 China
        6.6.5 Japan
        6.6.6 Korea
        6.6.7 India
        6.6.8 Southeast Asia
        6.6.9 Australia
    6.7 South America
        6.7.1 South America Market by Country
        6.7.2 South America Financial Wellness Program Market Share by Type in 2017
        6.7.3 South America Financial Wellness Program Market Share by Application in 2017
        6.7.4 Brazil
        6.7.5 Argentina
        6.7.6 Colombia
        6.7.7 Chile
    6.8 Middle East & Africa
        6.8.1 Middle East & Africa Market by Country
        6.8.2 Middle East & Africa Financial Wellness Program Market Share by Type
        6.8.3 Middle East & Africa Financial Wellness Program Market Share by Application
        6.8.4 Egypt
        6.8.5 Saudi Arabia
        6.8.6 South Africa
        6.8.7 Nigeria
    6.9 Conclusion of Segment by Region

Chapter 7 Profile of Leading Financial Wellness Program Players
    7.1 Mercer
        7.1.1 Company Snapshot
        7.1.2 Product/Business Offered
        7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
        7.1.4 Strategy and SWOT Analysis
    7.2 Fidelity
    7.3 Prudential
    7.4 Morgan Stanley
    7.5 Bridge Credit Union
    7.6 Health Advocate
    7.7 My Secure Advantage (MSA)
    7.8 Edukate
    7.9 BrightDime
    7.10 Wellable
    7.11 Your Money Line
    7.12 Financial Fitness Group
    7.13 Enrich
    7.14 KeyBank
    7.15 Prosperity Now
    7.16 SmartDollar
    7.17 PayActiv
    7.18 Interface

Chapter 8 Upstream and Downstream Analysis of Financial Wellness Program
    8.1 Industrial Chain of Financial Wellness Program
    8.2 Upstream of Financial Wellness Program
        8.2.1 Raw Materials
        8.2.2 Labor Cost
        8.2.3 Manufacturing Expenses
        8.2.4 Manufacturing Cost Structure
        8.2.5 Manufacturing Process
    8.3 Downstream of Financial Wellness Program
        8.3.1 Leading Distributors/Dealers of Financial Wellness Program
        8.3.2 Leading Consumers of Financial Wellness Program

Chapter 9 Development Trend of Financial Wellness Program (2018-2028)
    9.1 Global Financial Wellness Program Market Size (Sales and Revenue) Forecast (2018-2028)
    9.2 Global Financial Wellness Program Market Size and CAGR Forecast by Region (2018-2028)
    9.3 Global Financial Wellness Program Market Size and CAGR Forecast by Type (2018-2028)
    9.4 Global Financial Wellness Program Market Size and CAGR Forecast by Application (2018-2028)
    9.5 Global Financial Wellness Program Market Size Forecast by Sales Channel (2018-2028)

Chapter 10 Appendix
    10.1 Research Methodology
    10.2 Data Sources
    10.3 Disclaimer
    10.4 Analysts Certification

List of Tables and Figures

    Figure Financial Wellness Program Example
    Figure Global Financial Wellness Program Revenue (Million $) Status and Outlook (2013-2028)
    Figure Global Financial Wellness Program Revenue (Million $) Comparison by Region (2013-2028)
    Figure Global Financial Wellness Program Sales Comparison by Type (2013-2028)
    Figure Global Financial Wellness Program Sales Comparison by Application (2013-2028)
    Figure Global Financial Wellness Program Sales Comparison by Sales Channel (2013-2028)
    Table Global Financial Wellness Program Sales by Player (2016-2018)
    Table Global Financial Wellness Program Sales Market Share by Player (2016-2018)
    Figure Global Financial Wellness Program Sales Market Share by Player in 2017
    Table Global Financial Wellness Program Revenue (Million $) by Player (2016-2018)
    Table Global Financial Wellness Program Revenue Market Share by Player (2016-2018)
    Figure Global Financial Wellness Program Revenue Market Share by Player in 2017
    Table Global Financial Wellness Program Average Price by Player (2016-2018)
    Figure Global Financial Wellness Program Average Price by Player in 2017
    Figure Global Financial Wellness Program Players Competition Situation - Top 5 Players' Revenue Market Share in 2017
    Figure Global Financial Wellness Program Players Competition Trends - Top 5 Players' Revenue Market Share in 2018
    Figure Example of For Employers
    Figure Global For Employers Sales and Growth Rate (2013-2018)
    Figure Example of For Employees
    Figure Global For Employees Sales and Growth Rate (2013-2018)
    Table Global Financial Wellness Program Sales by Type (2013-2018)
    Table Global Financial Wellness Program Sales Market Share by Type (2013-2018)
    Figure Global Financial Wellness Program Sales Market Share by Type in 2017
    Table Global Financial Wellness Program Revenue (Million $) by Type (2013-2018)
    Table Global Financial Wellness Program Revenue Market Share by Type (2013-2018)
    Figure Global Financial Wellness Program Revenue Market Share by Type in 2017
    Table Global Financial Wellness Program Average Price by Type (2013-2018)
    Figure Global Financial Wellness Program Average Price by Type in 2017
    Table Leading Players of Financial Wellness Program by Type in 2017
    Figure Example of Large Enterprises
    Figure Global Financial Wellness Program for Large Enterprises Sales and Growth Rate (2013-2018)
    Figure Example of SMEs
    Figure Global Financial Wellness Program for SMEs Sales and Growth Rate (2013-2018)
    Table Global Financial Wellness Program Sales by Application (2013-2018)
    Table Global Financial Wellness Program Sales Market Share by Application (2013-2018)
    Figure Global Financial Wellness Program Sales Market Share by Application in 2017
    Table Leading Consumers of Financial Wellness Program by Application in 2017
    Figure Example of Direct Channel
    Figure Global Financial Wellness Program for Direct Channel Sales and Growth Rate (2013-2018)
    Figure Example of Distribution Channel
    Figure Global Financial Wellness Program for Distribution Channel Sales and Growth Rate (2013-2018)
    Table Global Financial Wellness Program Sales by Sales Channel (2013-2018)
    Table Global Financial Wellness Program Sales Market Share by Sales Channel (2013-2018)
    Figure Global Financial Wellness Program Sales Market Share by Sales Channel in 2017
    Table Leading Distributors/Dealers of Financial Wellness Program by Sales Channel in 2017
    Table Global Financial Wellness Program Market Size and CAGR by Region (2013-2028)
    Table Global Financial Wellness Program Sales by Region (2013-2018)
    Table Global Financial Wellness Program Sales Market Share by Region (2013-2018)
    Figure Global Financial Wellness Program Sales Market Share by Region in 2017
    Table Global Financial Wellness Program Revenue (Million $) by Region (2013-2018)
    Table Global Financial Wellness Program Revenue Market Share by Region (2013-2018)
    Figure Global Financial Wellness Program Revenue Market Share by Region in 2017
    Table North America Financial Wellness Program Sales by Country (2013-2018)
    Figure North America Financial Wellness Program Sales Market Share by Country (2013-2018)
    Table North America Financial Wellness Program Revenue by Country (2013-2018)
    Figure North America Financial Wellness Program Revenue Market Share by Country (2013-2018)
    Figure North America Financial Wellness Program Sales Market Share by Type in 2017
    Figure North America Financial Wellness Program Sales Market Share by Application in 2017
    Figure United States Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure United States Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure Canada Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Canada Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure Mexico Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Mexico Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Table Europe Financial Wellness Program Sales by Country (2013-2018)
    Figure Europe Financial Wellness Program Sales Market Share by Country (2013-2018)
    Table Europe Financial Wellness Program Revenue by Country (2013-2018)
    Figure Europe Financial Wellness Program Revenue Market Share by Country (2013-2018)
    Figure Europe Financial Wellness Program Sales Market Share by Type in 2017
    Figure Europe Financial Wellness Program Sales Market Share by Application in 2017
    Figure Germany Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Germany Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure UK Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure UK Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure France Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure France Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure Italy Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Italy Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure Russia Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Russia Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure Spain Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Spain Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Table Asia-Pacific Financial Wellness Program Sales by Country (2013-2018)
    Figure Asia-Pacific Financial Wellness Program Sales Market Share by Country (2013-2018)
    Table Asia-Pacific Financial Wellness Program Revenue by Country (2013-2018)
    Figure Asia-Pacific Financial Wellness Program Revenue Market Share by Country (2013-2018)
    Figure Asia-Pacific Financial Wellness Program Sales Market Share by Type in 2017
    Figure Asia-Pacific Financial Wellness Program Sales Market Share by Application in 2017
    Figure China Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure China Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure Japan Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Japan Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure Korea Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Korea Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure India Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure India Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure Southeast Asia Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Southeast Asia Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure Australia Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Australia Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Table South America Financial Wellness Program Sales by Country (2013-2018)
    Figure South America Financial Wellness Program Sales Market Share by Country (2013-2018)
    Table South America Financial Wellness Program Revenue by Country (2013-2018)
    Figure South America Financial Wellness Program Revenue Market Share by Country (2013-2018)
    Figure South America Financial Wellness Program Sales Market Share by Type in 2017
    Figure South America Financial Wellness Program Sales Market Share by Application in 2017
    Figure Brazil Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Brazil Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure Argentina Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Argentina Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure Colombia Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Colombia Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure Chile Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Chile Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Table Middle East & Africa Financial Wellness Program Sales by Country (2013-2018)
    Figure Middle East & Africa Financial Wellness Program Sales Market Share by Country (2013-2018)
    Table Middle East & Africa Financial Wellness Program Revenue by Country (2013-2018)
    Figure Middle East & Africa Financial Wellness Program Revenue Market Share by Country (2013-2018)
    Figure Middle East & Africa Financial Wellness Program Sales Market Share by Type in 2017
    Figure Middle East & Africa Financial Wellness Program Sales Market Share by Application in 2017
    Figure Egypt Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Egypt Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure Saudi Arabia Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Saudi Arabia Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure South Africa Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure South Africa Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Figure Nigeria Financial Wellness Program Sales and Growth Rate (2013-2018)
    Figure Nigeria Financial Wellness Program Revenue (Million $) and Growth Rate (2013-2018)
    Table Company Snapshot of Mercer
    Table Financial Wellness Program Introduction of Mercer
    Table Financial Wellness Program Sales, Price, Revenue, Gross Margin and Market Share of Mercer (2016-2018)
    Table Industrial Chain of Financial Wellness Program
    Table Manufacturing Cost Structure of Financial Wellness Program
    Table General Manufacturing Process of Financial Wellness Program
    Table Leading Distributors/Dealers of Financial Wellness Program
    Table Leading Consumers of Financial Wellness Program
    Figure Global Financial Wellness Program Sales and Growth Rate Forecast (2018-2028)
    Figure Global Financial Wellness Program Revenue and Growth Rate Forecast (2018-2028)
    Table Global Financial Wellness Program Market Size and CAGR Forecast by Region (2018-2028)
    Table Global Financial Wellness Program Market Size and CAGR Forecast by Type (2018-2028)
    Table Global Financial Wellness Program Market Size and CAGR Forecast by Application (2018-2028)
    Table Global Financial Wellness Program Market Size and CAGR Forecast by Sales Channel (2018-2028)