Global Financial Wellness Program Market Growth (Status and Outlook) 2019-2024

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Financial Wellness Program is a program designed to educate employees about personal financial risks (which may include loss of income due to premature death or illness, unexpected out-of-pocket medical expenses, etc.) and provide tools to manage those risks. Being stressed about finances is a huge mental drain, this might entail switching jobs, offering financial wellness programs may go a long way towards attract and retain employees; Financial stress can hurt your employees’ engagement in a number of different ways, offering financial wellness programs can improve employees' engagement; Financial stress – really any kind of stress – puts a significant strain on the body and leads to all sorts of health problems, offering financial wellness programs can lower healthcare premiums; and offering financial wellness programs also can early retirement plan.
Financial Wellness Program is solutions that can help companies provide their employees with financial management education, including planning, budgeting, and alleviating financial stress. And the Financial Wellness Program can be classified to For Employers and For Employees types, and the For Employers type is leading the growing market at present.
Financial Wellness Program is used to designed for large enterprises such as Fortune 100 companies at one-by-one financial services, but these years, with the developing of digital tech, more and more employers and employees put attention on financial wellness program, to improve the enhance job attraction, keep the talents and relieve the financial stress. So there are many types of players entered into this industry, such as large financial services and banks player Morgan Stanley, insurance companies such as Prudential, FinTech companies such as PayActiv and SmartDollar, nonprofit agencies like Prosperity Now and credit unions like Bridge Credit Union. At the same time, these players noticed more on the employees’ type product and some of them focus on the small and middle enterprises, while used in the mobile is another trend of this industry.

According to this study, over the next five years the Financial Wellness Program market will register a 9.9% CAGR in terms of revenue, the global market size will reach US$ 2141.1 million by 2024, from US$ 1338.2 million in 2019. In particular, this report presents the global revenue market share of key companies in Financial Wellness Program business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Financial Wellness Program market by product type, application, key companies and key regions.

This study considers the Financial Wellness Program value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
For Employers
For Employees
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Large Enterprises
SMEs

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Financial Wellness Program market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Financial Wellness Program market by identifying its various subsegments.
Focuses on the key global Financial Wellness Program players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Financial Wellness Program with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Financial Wellness Program submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of Contents

2019-2024 Global Financial Wellness Program Market Report (Status and Outlook)

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Financial Wellness Program Market Size 2014-2024
2.1.2 Financial Wellness Program Market Size CAGR by Region
2.2 Financial Wellness Program Segment by Type
2.2.1 For Employers
2.2.2 For Employees
2.3 Financial Wellness Program Market Size by Type
2.3.1 Global Financial Wellness Program Market Size Market Share by Type (2014-2019)
2.3.2 Global Financial Wellness Program Market Size Growth Rate by Type (2014-2019)
2.4 Financial Wellness Program Segment by Application
2.4.1 Large Enterprises
2.4.2 SMEs
2.5 Financial Wellness Program Market Size by Application
2.5.1 Global Financial Wellness Program Market Size Market Share by Application (2014-2019)
2.5.2 Global Financial Wellness Program Market Size Growth Rate by Application (2014-2019)

3 Global Financial Wellness Program by Players
3.1 Global Financial Wellness Program Market Size Market Share by Players
3.1.1 Global Financial Wellness Program Market Size by Players (2017-2019)
3.1.2 Global Financial Wellness Program Market Size Market Share by Players (2017-2019)
3.2 Global Financial Wellness Program Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion

4 Financial Wellness Program by Regions
4.1 Financial Wellness Program Market Size by Regions
4.2 Americas Financial Wellness Program Market Size Growth
4.3 APAC Financial Wellness Program Market Size Growth
4.4 Europe Financial Wellness Program Market Size Growth
4.5 Middle East & Africa Financial Wellness Program Market Size Growth

5 Americas
5.1 Americas Financial Wellness Program Market Size by Countries
5.2 Americas Financial Wellness Program Market Size by Type
5.3 Americas Financial Wellness Program Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries

6 APAC
6.1 APAC Financial Wellness Program Market Size by Countries
6.2 APAC Financial Wellness Program Market Size by Type
6.3 APAC Financial Wellness Program Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries

7 Europe
7.1 Europe Financial Wellness Program by Countries
7.2 Europe Financial Wellness Program Market Size by Type
7.3 Europe Financial Wellness Program Market Size by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries

8 Middle East & Africa
8.1 Middle East & Africa Financial Wellness Program by Countries
8.2 Middle East & Africa Financial Wellness Program Market Size by Type
8.3 Middle East & Africa Financial Wellness Program Market Size by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends

10 Global Financial Wellness Program Market Forecast
10.1 Global Financial Wellness Program Market Size Forecast (2019-2024)
10.2 Global Financial Wellness Program Forecast by Regions
10.2.1 Global Financial Wellness Program Forecast by Regions (2019-2024)
10.2.2 Americas Market Forecast
10.2.3 APAC Market Forecast
10.2.4 Europe Market Forecast
10.2.5 Middle East & Africa Market Forecast
10.3 Americas Forecast by Countries
10.3.1 United States Market Forecast
10.3.2 Canada Market Forecast
10.3.3 Mexico Market Forecast
10.3.4 Brazil Market Forecast
10.4 APAC Forecast by Countries
10.4.1 China Market Forecast
10.4.2 Japan Market Forecast
10.4.3 Korea Market Forecast
10.4.4 Southeast Asia Market Forecast
10.4.5 India Market Forecast
10.4.6 Australia Market Forecast
10.5 Europe Forecast by Countries
10.5.1 Germany Market Forecast
10.5.2 France Market Forecast
10.5.3 UK Market Forecast
10.5.4 Italy Market Forecast
10.5.5 Russia Market Forecast
10.5.6 Spain Market Forecast
10.6 Middle East & Africa Forecast by Countries
10.6.1 Egypt Market Forecast
10.6.2 South Africa Market Forecast
10.6.3 Israel Market Forecast
10.6.4 Turkey Market Forecast
10.6.5 GCC Countries Market Forecast
10.7 Global Financial Wellness Program Forecast by Type
10.8 Global Financial Wellness Program Forecast by Application

11 Key Players Analysis
11.1 Mercer
11.1.1 Company Details
11.1.2 Financial Wellness Program Product Offered
11.1.3 Mercer Financial Wellness Program Revenue, Gross Margin and Market Share (2017-2019)
11.1.4 Main Business Overview
11.1.5 Mercer News
11.2 Fidelity
11.2.1 Company Details
11.2.2 Financial Wellness Program Product Offered
11.2.3 Fidelity Financial Wellness Program Revenue, Gross Margin and Market Share (2017-2019)
11.2.4 Main Business Overview
11.2.5 Fidelity News
11.3 Prudential
11.3.1 Company Details
11.3.2 Financial Wellness Program Product Offered
11.3.3 Prudential Financial Wellness Program Revenue, Gross Margin and Market Share (2017-2019)
11.3.4 Main Business Overview
11.3.5 Prudential News
11.4 Morgan Stanley
11.4.1 Company Details
11.4.2 Financial Wellness Program Product Offered
11.4.3 Morgan Stanley Financial Wellness Program Revenue, Gross Margin and Market Share (2017-2019)
11.4.4 Main Business Overview
11.4.5 Morgan Stanley News
11.5 Bridge Credit Union
11.5.1 Company Details
11.5.2 Financial Wellness Program Product Offered
11.5.3 Bridge Credit Union Financial Wellness Program Revenue, Gross Margin and Market Share (2017-2019)
11.5.4 Main Business Overview
11.5.5 Bridge Credit Union News
11.6 Health Advocate
11.6.1 Company Details
11.6.2 Financial Wellness Program Product Offered
11.6.3 Health Advocate Financial Wellness Program Revenue, Gross Margin and Market Share (2017-2019)
11.6.4 Main Business Overview
11.6.5 Health Advocate News
11.7 My Secure Advantage (MSA)
11.7.1 Company Details
11.7.2 Financial Wellness Program Product Offered
11.7.3 My Secure Advantage (MSA) Financial Wellness Program Revenue, Gross Margin and Market Share (2017-2019)
11.7.4 Main Business Overview
11.7.5 My Secure Advantage (MSA) News
11.8 Edukate
11.8.1 Company Details
11.8.2 Financial Wellness Program Product Offered
11.8.3 Edukate Financial Wellness Program Revenue, Gross Margin and Market Share (2017-2019)
11.8.4 Main Business Overview
11.8.5 Edukate News
11.9 BrightDime
11.9.1 Company Details
11.9.2 Financial Wellness Program Product Offered
11.9.3 BrightDime Financial Wellness Program Revenue, Gross Margin and Market Share (2017-2019)
11.9.4 Main Business Overview
11.9.5 BrightDime News
11.10 Wellable
11.10.1 Company Details
11.10.2 Financial Wellness Program Product Offered
11.10.3 Wellable Financial Wellness Program Revenue, Gross Margin and Market Share (2017-2019)
11.10.4 Main Business Overview
11.10.5 Wellable News
11.11 Your Money Line
11.12 Financial Fitness Group
11.13 Enrich
11.14 KeyBank
11.15 Prosperity Now
11.16 SmartDollar
11.17 PayActiv
11.18 Interface

12 Research Findings and Conclusion

Research Process

The research starts with the extensive procurement process of data/information and statistics from company annual reports, government websites, statistic agencies, and paid databases. This information creates a base for the study. This information also helps to define the scope and to narrow down the area for study for the market. This raw information is processed and analysed to extract crisp data points which currently affect or are likely to affect the industry over the forecast period. After analysing the information, a proprietary market estimation & forecast technique is applied, which generates the quantitative figures/sizes of the market/sub-segments in the current scenario as well as for over the forecast period. After populating the market sizes & estimates, numbers are verified with the industry participants and key opinion leaders. The wide network of industry participants performs a value addition in the research and verify the numbers & estimates of the study. In the last stage of the research process, a final report is prepared which is then published on different websites as well as distributed through various channels. Below figure contains the different stages of the whole research performed to produce the report.

After populating the market sizes & estimates, numbers are verified with the industry participants and key opinion leaders. The wide network of industry participants performs a value addition in the research and verify the numbers & estimates of the study. In the last stage of the research process, a final report is prepared which is then published on different websites as well as distributed through various channels. Below figure contains the different stages of the whole research performed to produce the report.

DATA MINING

Data mining is one of the extensive stages of our research process. It involves the procurement of market data and related information through different verified & credible sources. This step helps to obtain the raw information about the supply chain of the industry, the monetary process of different Products & End-Uses, the pool of market participants & the nature of the industry and the scope of the study. The data mining stage comprises both primary as well as secondary sources of information. Some of the key data sources are as follows:

Secondary Research In the process of secondary research, various sources are referred to identify and collect industry trends and information for the research process. We at having access to some of the most diversified and extensive paid databases which give us the most accurate data/information on markets sizes, Products and pricing.

In the primary research process for data mining, various key industry participants from both supply and demand side are interviewed to obtain both qualitative as well as quantitative information on the market. In-depth interviews with key primary respondents, including industry professionals, subject matter experts (SMEs), industry consultants, and C-level executives of major companies are conducted to obtain critical qualitative and quantitative aspects pertaining to the market, as well as to assess the prospects for market growth over the forecast period.

ANALYSIS

This step involves the analysis & mapping of all the information procured from the previous step. This step also encompasses the scrutiny of data discrepancies observed across various data sources and finalising the appropriate data for estimation and forecasting. This analysis is done by our experienced panel of industry analysts.

MARKET ESTIMATION

Understanding and penetrating the market in terms of valuation is a crucial task in the process of business research. This again becomes significantly important while investing and choosing the business opportunities. In this regard, we perform two ways market sizing approach simultaneously namely top-down and bottom-up approaches. In this step, we place different data points, numeric attributes, information, and industry trends at an appropriate space in order to deduce the estimates & forecast values over the coming years. We use different mathematical models to estimate the market sizes of different economies and segments. Each of which is further summed up to define the total market. We own a proprietary tool for market estimations which helps us to comprehend market size estimates & forecasts for different markets and industries. Below figure explains the process of market estimation using independent tool employed by our analysts to get the sizing off the market.