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$825 Mn Financial Wellness Benefits Market in US - Industry Outlook and Forecast 2019-2024 - ResearchAndMarkets.com

May 21, 2019

DUBLIN--(BUSINESS WIRE)--May 21, 2019--

The “Financial Wellness Benefits Market in US - Industry Outlook and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The US financial wellness benefits market is expected to cross $825 million by 2024, growing at a CAGR close to 13% during the forecast period.

The US financial wellness benefits market is driven by the surge in the number of vendors introducing the latest financial wellness awareness programs. The boom of one-on-one and digital assistance will fuel the growth of the market. Large-sized companies are pro-actively introducing employee beneficiary financial programs. The market research report provides an in-depth market and segmental analysis of the US financial wellness benefits market. The US financial wellness benefits market is evolving with a new-generation of employees (Millennials) entering workplaces.

US Financial Wellness Benefits Market: Dynamics

The US financial wellness benefits market is becoming increasingly data-driven. Organizations are investing in technology and expanding HR capabilities to measure financial initiatives. The vendors in the market are reviewing the employee’s information and productivity data to get insights about their finance management. Wearables, onsite program delivery, software platforms, employee feedback, online screening and surveys, and other data sources are being used to garner insights into the programs and help employees to understand more about financial wellness.

Several new and established players such as Hellowallet, LearnVest, SmartDollar along with non-profit providers such as Enrich and GreenPath Financial Wellness are introducing new models in the US financial wellness benefits market. Also, Google offers several resources along with access to financial planning services and financial advisers.

Key Vendor Analysis

The US financial wellness benefits market is characterized by several startup and employee benefits providers. Majority of new ones and do not necessarily have a sufficient track record. However, they are the ones that are fueling innovation and re-imagining the financial services space. Further, the market in US is highly fragmented, and employers are keen to provide solutions to employees. Several vendors have introduced platforms to interact with consumers. The future of financial benefits is expected to be governed by targeted communication, integrated, multichannel approach, accessibility to reliable resources, and personalized learning paths for exponential engagement.

Leading Vendors in Market are:

  • Prudential Financial
  • Bank of America
  • Fidelity
  • Mercer
  • Financial Finesse

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of the study

4.4 Market Segments

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at A Glance

7 Introduction

7.1 Overview

7.2 State of the US Economy

7.3 State of US Healthcare

7.4 Pulse of the American Workforce

7.4.1 Financial Outlook

7.5 Financial Wellness: An Overview

8 Market Dynamics

8.1 Market Growth Enablers

8.1.1 Changing Work Paradigm

8.1.2 Financial Unease Despite Upbeat Environment

8.1.3 Ability to Integrate and Leverage Existing Benefits

8.1.4 Employers Take Onus for Employee Financial Wellness

8.2 Market Growth Restraints

8.2.1 Misalignment in Financial Wellness Offerings

8.2.2 Fiduciary Concerns Hinder Efforts

8.2.3 The Elusive ROI

8.2.4 Low Employee Participation and Engagement

8.3 Market Opportunities & Trends

8.3.1 Hijack of the Term Financial Wellness

8.3.2 Data Analytics in Financial Wellness

8.3.3 Rising Financial Wellness Incentives

8.3.4 Administration of Targeted Benefits

9 US Financial Wellness Benefits Market

9.1 Market Overview

9.2 Market Size & Forecast

9.3 Five Forces Analysis

9.3.1 Threat of New Entrants

9.3.2 Bargaining Power of Suppliers

9.3.3 Bargaining Power of Buyers

9.3.4 Threat of Substitutes

9.3.5 Competitive Rivalry

10 By Type

10.1 Market Snapshot & Growth Engine

10.2 Market Overview

10.3 Financial Planning

10.4 Financial Education & Counseling

10.5 Retirement Planning

10.6 Debt Management

10.7 Others

11 By End-User

11.1 Market Snapshot & Growth Engine

11.2 Market Overview

11.3 Large Businesses

11.4 Medium-Sized Businesses

11.5 SMALL-sized Businesses

12 By Delivery

12.1 Market Snapshot & Growth Engine

12.2 Market Overview

12.3 One-on-one

12.4 Online/Digital

12.5 Group

13 Competitive Landscape

14 Market Vendor Analysis

15 Key Company Profiles

15.1 Prudential Financial

15.1.1 Business Overview

15.1.2 Major Products & Service Offerings

15.1.3 Key Strengths

15.1.4 Key Strategies

15.1.5 Key Opportunities

15.2 Bank of America Merrill Lynch

15.3 Fidelity

15.4 Mercer

15.5 Financial Finesse

16 Other Prominent Vendors

16.1 Aduro

16.1.1 Business Overview

16.1.2 Product and Service Offerings

16.1.3 Key Strengths

16.1.4 Key Strategies

16.2 AYCO

16.3 Beacon Health Options

16.4 Best Money Moves

16.5 BrightDime

16.6 DHS Group

16.7 Edukate

16.8 Enrich

16.9 Even

16.10 Financial Fitness Group

16.11 HealthCheck360

16.12 Health Advocate

16.13 Money Starts Here

16.14 PayActiv

16.15 Purchasing Power

16.16 Ramsey Solutions

16.17 Sum180

16.18 Transamerica

For more information about this report visit https://www.researchandmarkets.com/r/2q3s6n

View source version on businesswire.com:https://www.businesswire.com/news/home/20190521005531/en/

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