On March 11, the China Securities Investment Fund Industry Association released the statistics of asset management business in the fourth quarter of 2021. As of the end of 2021, the total scale of China's asset management business (asset management business of fund management companies and their subsidiaries, securities companies, futures companies and private fund management institutions) reached 67.87 trillion yuan, an increase of 15% year-on-year in 2020, The asset management market maintained rapid growth.
The growth of the asset management market in the financial industry is expected to drive the rapid growth of the demand for financial technology services, among which the demand for SaaS (software-as-a-service) in the financial industry is expected to become one of the most beneficial areas.
According to the Research Report on China's financial SaaS industry in 2021 jointly released by youlianyun Research Institute and dataape, with the improvement of cloud computing infrastructure and the application of emerging technologies in various business scenarios, China's financial SaaS industry is ushering in rapid development.
Industry insiders believe that China's enterprise SaaS industry is expected to have at least dozens or even hundreds of times of growth space.
From the perspective of development process, general-purpose SaaS is earlier than industry vertical SaaS. With the continuous development and growth of the industry, SaaS industry has gradually developed from "extensive" (general-purpose) to "fine" (industry vertical). Industry vertical SaaS is ushering in vigorous development.
It is noteworthy that according to 2020 SaaS trend released by blissfully, the enterprise SaaS demand mainly comes from three major demands: Sales and market, research and development and administration. For the financial industry, the SaaS needs related to administration are similar to those of other industries, mainly focusing on the general SaaS needs such as ERP, HRM and finance; The attributes of the financial industry are quite different from those of other industries. The SaaS needs related to sales and market, research and development need to provide SaaS services with specific industry attributes according to the specific business scenarios of the financial industry and relying on the professional knowledge of the industry. Therefore, the relevant SaaS needs are mainly industry vertical SaaS.
At the same time, with the development of science and technology, the application of artificial intelligence and big data technologies such as NLP, kg and RPA for specific scenarios of the financial industry is expected to significantly improve the SaaS penetration rate of the financial industry, so as to promote the growth of SaaS demand.
For the SaaS demand of the financial industry sales and market, the demand subjects mainly include funds, banks, securities, insurance and listed companies. There are more than 10000 enterprises in total, concentrating the best enterprise resources in China. At present, the market scale of the financial industry sales and market expenditure is estimated to reach hundreds of billions of yuan per year. Driven by the growth of downstream market and the improvement of SaaS penetration rate, it is expected that the sales and market SaaS demand of China's financial industry is expected to exceed 20 billion yuan by 2025; The SaaS demand for investment decision-making and risk control in the financial industry is expected to exceed 10 billion yuan.
With the rapid development of China's financial SaaS industry, a number of representative financial SaaS enterprises have emerged in recent years, including capital state, Wenyin Internet, Daguan data, financial one account link, jinzhiwei, Jinzheng Youzhi, Shannon technology, Hubo technology, abbotz technology, Bairong yunchuang, etc. relevant enterprises adopt cutting-edge technologies such as artificial intelligence and big data such as NLP, kg, RPA, etc, Continuously meet the needs of financial enterprises in sales, market, investment research, risk control and other scenarios.
