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Robo Advisory Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Robo Advisory Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • April 2022
  • 145 pages
  • ID: 6269568
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global robo advisory market reached a value of US$ 5.63 Billion in 2021. Looking forward, the analyst expects the market to reach a value of US$ 27.68 Billion by 2027, exhibiting a CAGR of 28.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Robo advisory refers to a class of digital platforms that provide algorithm-driven and automated financial advice to wealth management organizations. It aids in automating portfolio administration software, performing complicated tasks, customizing online investments, and managing funds with minimal human intervention. This, in turn, assists in targeting new clients, enhancing workflow, and adjusting custom online investments to achieve long-term financial goals or short-term investment strategies. At present, robo advisory is commercially available in varying service types, such as direct plan-based, goal-based, and comprehensive health advisory.

Robo Advisory Market Trends:
The widespread adoption of Robo Advisory across various industrial verticals, retail and high net worth individuals (HNIs) for performing algorithmic calculations to analyze data and deliver comprehensive information is majority driving the market toward growth. This is further supported by the shifting inclination of consumers toward robo advisory over traditional investments on account of its several beneficial properties, such as low-cost portfolio, tax-loss harvesting, secure investments, judgement based on real-time statistics, which, in turn, assists in eliminating the credit risks. In line with this, the increasing need for automating complex event processing has led to significant technological advancements, such as the large-scale integration of artificial intelligence (AI) and machine learning (ML) solutions, which is aiding in minimizing the errors caused by human interventions. This, in turn, is acting as another major growth-inducing factor. Additionally, the extensive utilization of robo advisory for executing online surveys to predict investor preferences, risks and goals, and acquire information regarding the financial status of the client, degree of risk-aversion, and desired return on investments is further contributing to the market growth. Apart from this, the rising popularity of smartphones, laptops, and tablets amongst millennials for accessing information and communicating is further creating a positive outlook for the market across the globe.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global robo advisory market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on business model, service type, provider and end user.

Breakup by Business Model:
Pure Robo Advisors
Hybrid Robo Advisors

Breakup by Service Type:
Direct Plan-Based/Goal-Based
Comprehensive Wealth Advisory

Breakup by Provider:
Fintech Robo Advisors
Banks
Traditional Wealth Managers
Others

Breakup by End User:
Retail Investor
High Net Worth Individuals (HNIs)

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Betterment, Ellevest, Fincite Gmbh, Ginmon Vermögensverwaltung GmbH, SigFig Wealth Management LLC, SoFi Technologies Inc., The Charles Schwab Corporation, The Vanguard Group Inc., Wealthfront Corporation and Wealthify Limited (Aviva plc).



Key Questions Answered in This Report:

How has the global robo advisory market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global robo advisory market?
What are the key regional markets?
What is the breakup of the market based on the business model?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the provider?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global robo advisory market and who are the key players?
What is the degree of competition in the industry?

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