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.
Summary:
Get latest Market Research Reports on Financial Wellness Program . Industry analysis & Market Report on Financial Wellness Program is a syndicated market report, published as Global Financial Wellness Program Market Growth (Status and Outlook) 2019-2024. It is complete Research Study and Industry Analysis of Financial Wellness Program market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.