Global Robo Advisory Market Overview
Global Robo Advisory market size was valued at USD 1096.87 Billion in 2023, and is projected to reach USD 3347.90 Billion by 2032, growing at a CAGR of 13.2% from 2024 to 2032.
The global robo-advisory market has been experiencing robust growth, driven by the increasing demand for affordable and accessible financial advisory services. Robo advisors are digital platforms that provide automated, algorithm-driven financial planning services with minimal human intervention. They typically collect information from clients about their financial situation and future goals through an online survey, and then use the data to offer advice and/or invest client assets. This innovation has democratized access to financial advice, making it available to a broader audience, including those with lower investable assets who traditionally might not have had access to financial advisors.
The cost-effectiveness of robo advisors compared to traditional financial advisory services. They typically charge lower fees, which appeals to cost-conscious investors. Furthermore, the ability to access and manage investments online offers a significant convenience factor, aligning with the growing preference for digital financial solutions. The scalability of robo-advisory platforms also allows providers to serve a larger number of clients efficiently, further enhancing their appeal in the market.
Technological advancements, particularly in artificial intelligence and machine learning, have significantly enhanced the capabilities of robo-advisors. These technologies enable more sophisticated portfolio management and personalized advice, improving the overall user experience. Additionally, the integration of robo advisors with other financial technologies (fintech) such as mobile banking apps and digital payment systems has created a more seamless financial ecosystem, contributing to the growing adoption of these services.
Market Dynamics And Factors For Robo Advisory Market
Drivers:
Exponential Digitalization In The Finance Sector.
Rapid digitization in financial services, a movement in preference from traditional investment services to robot advising, and the need for cost-effective investment advisory are the primary reasons driving the worldwide Robo advisory market's growth. However, the Robo advising market's expansion is hampered by a lack of human competence. During the projection period, however, the untapped potential of emerging economies, as well as an increase in government support and efforts for robot advice, are projected to create a profitable opportunity for the robot advisory market to expand. Robo advising services have several benefits over traditional investing and advice methods, including high-quality and low-cost portfolios, tax-loss harvesting, and safe investments. Furthermore, the judgments made by Robo advising platforms are based on real-time information and current economic situations, removing credit risks and enabling consumer adoption. According to Corporate Vision Magazine, a massive increase of 3.1 percent in Robo advice sign-ups was recorded in the first quarter of 2020. Vanguard, for example, had a 14 % gain in assets and a 35 percent increase in customer numbers, while PensionBee saw a 14% increase in Robo advising.
Restraints:
Regulatory barriers and low adoption in retail customers impede the growth.
A robot adviser must be programmed with investing goals and equipped to record and quantify the characteristics of each investor's risk profile to serve customers efficiently. The robot-adviser ecosystem must also include new controls and verification to meet the investment adviser's fiduciary obligation. Determining how to evaluate a software platform whose fiduciary duties are still ultimately held by people might be difficult for regulators. Regulatory restriction on highly liquid funds of assets can be a restraining factor for Robo advisers which may reduce the scope of consultation in certain areas. Also, clients moving from human-based to technology-based experiences face challenges such as limited adoption and increasing questions. Furthermore, the robot adviser platform's failure to better capture a client's risk tolerance than a human financial advisor may result in asset allocation mismatch or conflicts of interest based on fees.
Opportunity:
Integration of Smart Contracts in the Robo Advisory Sector
Robo-advising services primarily comprise financial advisory services for people's finances. Due to the increased acceptance of digitalization across the investment business, along with the deployment of AI in robotics, Robo-advisers are fast replacing the gaps produced by human investment advisors, such as capability, capacity, and cost. Fintechs all across the world rely on a combination of technology and personal advice. They are fast developing Robo-advice services using AI and machine learning, which will provide accurate and transparent advisory services to ordinary investors, preventing them from making poor investing decisions.
Challenge:
Operational And Technological Challenges
The IT control environment requires acceptable levels of integrity, security, resiliency, and capacity to play a more central role in the disposal of customers' assets. For example, a robot adviser platform's failure to respond to rising business volumes or inefficient capacity planning might result in revenue and client loss. If a company wants to use a vendor Robo-advisor platform, it must be aware of and manage the risks associated with the vendors. To avoid risks concerning consumer segmentation, business continuity planning, and IT governance, firms must build proper controls around their automated adviser environments. It's also crucial to avoid algorithm changes or tampering that might skew investment advice or lead the algorithm to take actions that aren't in the client's best interests. Finally, customer engagement is a major focus including Robo-advising is intended to improve the customer experience, but it can also introduce new issues.
Segmentation Analysis of Robo Advisory Market
By Business Model, the Pure Robo Advisor segment dominates the Robo Advisory Market. The robot advisor is incorporated into the bank or financial firm’s business model, and rob advisor clients are also bank customers. It is not a separate legal entity nor an autonomous advisor, and it does not operate outside of the service offering. It is also known as a fully integrated robot advisory service that does not require human presence in any process which is the main objective of the Robo advisory services. Hence, most financial and investment firms aim to integrate such services to reduce human resources. For instance, Wealthify – UK's growing Robo advisory firm includes a fully integrated robot advisory service for its clientele. therefore, Pure Robo advisory services are expected to gain momentum during the forecasted period.
By Service Provider, FinTech Robo Advisors dominates the Robo Advisory Market. Fintech software is already a part of the wealth management, financial planning, investing, and consultancy revolutions. In big data research, AI-powered apps are faster, produce more accurate findings, allow for remote operation, and are less expensive than skilled financial advisers in opulent offices. Robo-advisory software, by definition, is a digital platform that allows customers to access automated and algorithm-driven financial planning services with little or no human participation. The total value of assets handled by Robo-advisors is expected to exceed USD 8 trillion by 2020. Surprisingly, by 2025, the amount of assets under the care of Robo-advisory software is predicted to expand at a rate of about 19 percent each year. Hence, the fintech sector is expected to nurture the Robo advisory market during the forecasted period.
By Service Type, the Comprehensive Wealth Advisory segment is expected to grow during the forecasted period. Traditional financial planning procedures are nothing like this new type of online asset management service system. Automated portfolio management is becoming more accessible, inexpensive, and convenient thanks to Robo-advisors. They can provide highly personalized services to meet the requirements, tastes, and modes of contact of each customer, and they can be expanded beyond the rich to appeal to mass affluent market segments as well. As a result, wealth management firms should think about how to best integrate Robo-advice services and capitalize on the new opportunities they present. There will always be investors who prefer human engagement over Robo-advice, but a solution that delivers both will succeed in the market.
By End User, High Net Worth Individuals is anticipated to be dominating segment in the Robo Advisory Market. The segment is high driven by First-generation entrepreneurs who are more likely to possess the majority of wealth, have a higher risk appetite, and prefer to handle their funds. The investments from such individuals are based on perpetual returns over the years, therefore, while seeking such investment opportunities, Robo advisory can be tremendously beneficial as Robo advisors are well equipped with comprehensive knowledge and understating of the business model and best possible scenario for its client. For instance, Singapore’s OCBC Bank launched RoboInvest, a Robo-investment program aimed at youthful and tech-savvy investors, earlier this year. The service has been compared to choosing a playlist on a digital music service, with investors able to choose between 28 stocks and bond portfolios for an initial deposit of SGD 3,500. The next generation still wants to be in charge, but they're also open to seeking expert financial advice. In such a case, personalized advice services with hybrid Robo advisory services are expected to grow during the forecasted period.
Regional Analysis Of Robo Advisory Market
A well-established financial technology (fintech) industry lays the foundation for this dominance. The presence of numerous prominent players like Betterment and Vanguard in the US fuels the growth of the Robo Advisory Market. These companies leverage cutting-edge technology to deliver automated and personalized investment advice, making it accessible to a wider audience at a lower cost compared to traditional human advisors.
The high internet and smartphone penetration rates in North America create a fertile ground for Robo Advisory services. With easy access to online platforms, investors can conveniently set up and manage their investments through user-friendly Robo Advisor interfaces. A growing base of retail investors in North America is another contributing factor. As people become more interested in managing their finances, Robo Advisors offer an attractive option, particularly for those who may not have the capital for traditional wealth managers or the time to actively manage their investments themselves.
Continuous innovation by North American financial institutions further strengthens their grip on the Robo Advisory Market. These institutions are constantly developing and refining their Robo Advisory services to cater to the evolving needs of investors. This ongoing development ensures that North America remains at the forefront of the Robo Advisory landscape.
Top Key Players Covered In Robo Advisory Market
- Betterment LLC
- Charles Schwab Corporation
- FutureAdvisor
- Hedgeable Inc
- Nutmeg
- Personal Capital
- SigFig Wealth Management
- Stash Invest
- Vanguard Personal Advisor
- Wealthfront Inc.
- WiseBanyan
Key Industry Development In The Robo Advisory Market
In November 2023, WealthKernel, a wealthtech company specializing in digital investment services, announced a partnership with Bambu, a digital wealth technology provider. This collaboration introduced Bambu GO, a ready-to-use robo advisor technology tailored for financial institutions.
In June 2023, Revolut, a global neobank and fintech company, launched a robo advisor in the U.S. to automate customer investment portfolios and simplify the investment process. The robo advisor allows users to invest in one of five portfolios aligned with their risk tolerance, with portfolios rebalanced monthly.
In May 2022, HDFC Securities introduced HDFC Money, an investment platform utilizing robo-advisory services. This platform provides access to mutual fund schemes and various financial products without requiring a demat account.
In February 2022, Betterment LLC announced the acquisition of Makara, an innovative cryptocurrency portfolio manager. This acquisition enabled Betterment LLC’s customers to invest in diversified crypto portfolios in addition to their existing investments
Global Robo Advisory Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1096.87 Bn. |
Forecast Period 2024-32 CAGR: |
13.2% |
Market Size in 2032: |
USD 3347.90 Bn. |
Segments Covered: |
By Business Model |
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By Service Provider |
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By Service Type |
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By End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Business Model
3.2 By Service Provider
3.3 By Service Type
3.4 By End User
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Robo Advisory Market by Business Model
5.1 Robo Advisory Market Overview Snapshot and Growth Engine
5.2 Robo Advisory Market Overview
5.3 Pure Robo Advisors
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Pure Robo Advisors: Grographic Segmentation
5.4 Hybrid Robo Advisors
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Hybrid Robo Advisors: Grographic Segmentation
Chapter 6: Robo Advisory Market by Service Provider
6.1 Robo Advisory Market Overview Snapshot and Growth Engine
6.2 Robo Advisory Market Overview
6.3 FinTech Robo Advisors
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 FinTech Robo Advisors: Grographic Segmentation
6.4 Banks
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Banks: Grographic Segmentation
6.5 Traditional Wealth Managers
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Traditional Wealth Managers: Grographic Segmentation
6.6 Others
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Others: Grographic Segmentation
Chapter 7: Robo Advisory Market by Service Type
7.1 Robo Advisory Market Overview Snapshot and Growth Engine
7.2 Robo Advisory Market Overview
7.3 Direct Plan Based or Goal Based
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Direct Plan Based or Goal Based: Grographic Segmentation
7.4 Comprehensive Wealth Advisory
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Comprehensive Wealth Advisory: Grographic Segmentation
Chapter 8: Robo Advisory Market by End User
8.1 Robo Advisory Market Overview Snapshot and Growth Engine
8.2 Robo Advisory Market Overview
8.3 Retail Investor
8.3.1 Introduction and Market Overview
8.3.2 Historic and Forecasted Market Size (2017-2032F)
8.3.3 Key Market Trends, Growth Factors and Opportunities
8.3.4 Retail Investor: Grographic Segmentation
8.4 High Net Worth Individuals
8.4.1 Introduction and Market Overview
8.4.2 Historic and Forecasted Market Size (2017-2032F)
8.4.3 Key Market Trends, Growth Factors and Opportunities
8.4.4 High Net Worth Individuals: Grographic Segmentation
Chapter 9: Company Profiles and Competitive Analysis
9.1 Competitive Landscape
9.1.1 Competitive Positioning
9.1.2 Robo Advisory Sales and Market Share By Players
9.1.3 Industry BCG Matrix
9.1.4 Ansoff Matrix
9.1.5 Robo Advisory Industry Concentration Ratio (CR5 and HHI)
9.1.6 Top 5 Robo Advisory Players Market Share
9.1.7 Mergers and Acquisitions
9.1.8 Business Strategies By Top Players
9.2 BETTERMENT LLC
9.2.1 Company Overview
9.2.2 Key Executives
9.2.3 Company Snapshot
9.2.4 Operating Business Segments
9.2.5 Product Portfolio
9.2.6 Business Performance
9.2.7 Key Strategic Moves and Recent Developments
9.2.8 SWOT Analysis
9.3 CHARLES SCHWAB CORPORATION
9.4 FUTUREADVISOR
9.5 HEDGEABLE INC
9.6 NUTMEG
9.7 PERSONAL CAPITAL
9.8 SIGFIG WEALTH MANAGEMENT
9.9 STASH INVEST
9.10 VANGUARD PERSONAL ADVISOR
9.11 WEALTHFRONT INC
9.12 WISEBANYAN
9.13 OTHER MAJOR PLAYERS
Chapter 10: Global Robo Advisory Market Analysis, Insights and Forecast, 2017-2032
10.1 Market Overview
10.2 Historic and Forecasted Market Size By Business Model
10.2.1 Pure Robo Advisors
10.2.2 Hybrid Robo Advisors
10.3 Historic and Forecasted Market Size By Service Provider
10.3.1 FinTech Robo Advisors
10.3.2 Banks
10.3.3 Traditional Wealth Managers
10.3.4 Others
10.4 Historic and Forecasted Market Size By Service Type
10.4.1 Direct Plan Based or Goal Based
10.4.2 Comprehensive Wealth Advisory
10.5 Historic and Forecasted Market Size By End User
10.5.1 Retail Investor
10.5.2 High Net Worth Individuals
Chapter 11: North America Robo Advisory Market Analysis, Insights and Forecast, 2017-2032
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Business Model
11.4.1 Pure Robo Advisors
11.4.2 Hybrid Robo Advisors
11.5 Historic and Forecasted Market Size By Service Provider
11.5.1 FinTech Robo Advisors
11.5.2 Banks
11.5.3 Traditional Wealth Managers
11.5.4 Others
11.6 Historic and Forecasted Market Size By Service Type
11.6.1 Direct Plan Based or Goal Based
11.6.2 Comprehensive Wealth Advisory
11.7 Historic and Forecasted Market Size By End User
11.7.1 Retail Investor
11.7.2 High Net Worth Individuals
11.8 Historic and Forecast Market Size by Country
11.8.1 U.S.
11.8.2 Canada
11.8.3 Mexico
Chapter 12: Europe Robo Advisory Market Analysis, Insights and Forecast, 2017-2032
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Business Model
12.4.1 Pure Robo Advisors
12.4.2 Hybrid Robo Advisors
12.5 Historic and Forecasted Market Size By Service Provider
12.5.1 FinTech Robo Advisors
12.5.2 Banks
12.5.3 Traditional Wealth Managers
12.5.4 Others
12.6 Historic and Forecasted Market Size By Service Type
12.6.1 Direct Plan Based or Goal Based
12.6.2 Comprehensive Wealth Advisory
12.7 Historic and Forecasted Market Size By End User
12.7.1 Retail Investor
12.7.2 High Net Worth Individuals
12.8 Historic and Forecast Market Size by Country
12.8.1 Germany
12.8.2 U.K.
12.8.3 France
12.8.4 Italy
12.8.5 Russia
12.8.6 Spain
12.8.7 Rest of Europe
Chapter 13: Asia-Pacific Robo Advisory Market Analysis, Insights and Forecast, 2017-2032
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Business Model
13.4.1 Pure Robo Advisors
13.4.2 Hybrid Robo Advisors
13.5 Historic and Forecasted Market Size By Service Provider
13.5.1 FinTech Robo Advisors
13.5.2 Banks
13.5.3 Traditional Wealth Managers
13.5.4 Others
13.6 Historic and Forecasted Market Size By Service Type
13.6.1 Direct Plan Based or Goal Based
13.6.2 Comprehensive Wealth Advisory
13.7 Historic and Forecasted Market Size By End User
13.7.1 Retail Investor
13.7.2 High Net Worth Individuals
13.8 Historic and Forecast Market Size by Country
13.8.1 China
13.8.2 India
13.8.3 Japan
13.8.4 Singapore
13.8.5 Australia
13.8.6 New Zealand
13.8.7 Rest of APAC
Chapter 14: Middle East & Africa Robo Advisory Market Analysis, Insights and Forecast, 2017-2032
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Business Model
14.4.1 Pure Robo Advisors
14.4.2 Hybrid Robo Advisors
14.5 Historic and Forecasted Market Size By Service Provider
14.5.1 FinTech Robo Advisors
14.5.2 Banks
14.5.3 Traditional Wealth Managers
14.5.4 Others
14.6 Historic and Forecasted Market Size By Service Type
14.6.1 Direct Plan Based or Goal Based
14.6.2 Comprehensive Wealth Advisory
14.7 Historic and Forecasted Market Size By End User
14.7.1 Retail Investor
14.7.2 High Net Worth Individuals
14.8 Historic and Forecast Market Size by Country
14.8.1 Turkey
14.8.2 Saudi Arabia
14.8.3 Iran
14.8.4 UAE
14.8.5 Africa
14.8.6 Rest of MEA
Chapter 15: South America Robo Advisory Market Analysis, Insights and Forecast, 2017-2032
15.1 Key Market Trends, Growth Factors and Opportunities
15.2 Impact of Covid-19
15.3 Key Players
15.4 Key Market Trends, Growth Factors and Opportunities
15.4 Historic and Forecasted Market Size By Business Model
15.4.1 Pure Robo Advisors
15.4.2 Hybrid Robo Advisors
15.5 Historic and Forecasted Market Size By Service Provider
15.5.1 FinTech Robo Advisors
15.5.2 Banks
15.5.3 Traditional Wealth Managers
15.5.4 Others
15.6 Historic and Forecasted Market Size By Service Type
15.6.1 Direct Plan Based or Goal Based
15.6.2 Comprehensive Wealth Advisory
15.7 Historic and Forecasted Market Size By End User
15.7.1 Retail Investor
15.7.2 High Net Worth Individuals
15.8 Historic and Forecast Market Size by Country
15.8.1 Brazil
15.8.2 Argentina
15.8.3 Rest of SA
Chapter 16 Investment Analysis
Chapter 17 Analyst Viewpoint and Conclusion
Global Robo Advisory Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1096.87 Bn. |
Forecast Period 2024-32 CAGR: |
13.2% |
Market Size in 2032: |
USD 3347.90 Bn. |
Segments Covered: |
By Business Model |
|
|
By Service Provider |
|
||
By Service Type |
|
||
By End User |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. ROBO ADVISORY MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. ROBO ADVISORY MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. ROBO ADVISORY MARKET COMPETITIVE RIVALRY
TABLE 005. ROBO ADVISORY MARKET THREAT OF NEW ENTRANTS
TABLE 006. ROBO ADVISORY MARKET THREAT OF SUBSTITUTES
TABLE 007. ROBO ADVISORY MARKET BY BUSINESS MODEL
TABLE 008. PURE ROBO ADVISORS MARKET OVERVIEW (2016-2028)
TABLE 009. HYBRID ROBO ADVISORS MARKET OVERVIEW (2016-2028)
TABLE 010. ROBO ADVISORY MARKET BY SERVICE PROVIDER
TABLE 011. FINTECH ROBO ADVISORS MARKET OVERVIEW (2016-2028)
TABLE 012. BANKS MARKET OVERVIEW (2016-2028)
TABLE 013. TRADITIONAL WEALTH MANAGERS MARKET OVERVIEW (2016-2028)
TABLE 014. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 015. ROBO ADVISORY MARKET BY SERVICE TYPE
TABLE 016. DIRECT PLAN BASED OR GOAL BASED MARKET OVERVIEW (2016-2028)
TABLE 017. COMPREHENSIVE WEALTH ADVISORY MARKET OVERVIEW (2016-2028)
TABLE 018. ROBO ADVISORY MARKET BY END USER
TABLE 019. RETAIL INVESTOR MARKET OVERVIEW (2016-2028)
TABLE 020. HIGH NET WORTH INDIVIDUALS MARKET OVERVIEW (2016-2028)
TABLE 021. NORTH AMERICA ROBO ADVISORY MARKET, BY BUSINESS MODEL (2016-2028)
TABLE 022. NORTH AMERICA ROBO ADVISORY MARKET, BY SERVICE PROVIDER (2016-2028)
TABLE 023. NORTH AMERICA ROBO ADVISORY MARKET, BY SERVICE TYPE (2016-2028)
TABLE 024. NORTH AMERICA ROBO ADVISORY MARKET, BY END USER (2016-2028)
TABLE 025. N ROBO ADVISORY MARKET, BY COUNTRY (2016-2028)
TABLE 026. EUROPE ROBO ADVISORY MARKET, BY BUSINESS MODEL (2016-2028)
TABLE 027. EUROPE ROBO ADVISORY MARKET, BY SERVICE PROVIDER (2016-2028)
TABLE 028. EUROPE ROBO ADVISORY MARKET, BY SERVICE TYPE (2016-2028)
TABLE 029. EUROPE ROBO ADVISORY MARKET, BY END USER (2016-2028)
TABLE 030. ROBO ADVISORY MARKET, BY COUNTRY (2016-2028)
TABLE 031. ASIA PACIFIC ROBO ADVISORY MARKET, BY BUSINESS MODEL (2016-2028)
TABLE 032. ASIA PACIFIC ROBO ADVISORY MARKET, BY SERVICE PROVIDER (2016-2028)
TABLE 033. ASIA PACIFIC ROBO ADVISORY MARKET, BY SERVICE TYPE (2016-2028)
TABLE 034. ASIA PACIFIC ROBO ADVISORY MARKET, BY END USER (2016-2028)
TABLE 035. ROBO ADVISORY MARKET, BY COUNTRY (2016-2028)
TABLE 036. MIDDLE EAST & AFRICA ROBO ADVISORY MARKET, BY BUSINESS MODEL (2016-2028)
TABLE 037. MIDDLE EAST & AFRICA ROBO ADVISORY MARKET, BY SERVICE PROVIDER (2016-2028)
TABLE 038. MIDDLE EAST & AFRICA ROBO ADVISORY MARKET, BY SERVICE TYPE (2016-2028)
TABLE 039. MIDDLE EAST & AFRICA ROBO ADVISORY MARKET, BY END USER (2016-2028)
TABLE 040. ROBO ADVISORY MARKET, BY COUNTRY (2016-2028)
TABLE 041. SOUTH AMERICA ROBO ADVISORY MARKET, BY BUSINESS MODEL (2016-2028)
TABLE 042. SOUTH AMERICA ROBO ADVISORY MARKET, BY SERVICE PROVIDER (2016-2028)
TABLE 043. SOUTH AMERICA ROBO ADVISORY MARKET, BY SERVICE TYPE (2016-2028)
TABLE 044. SOUTH AMERICA ROBO ADVISORY MARKET, BY END USER (2016-2028)
TABLE 045. ROBO ADVISORY MARKET, BY COUNTRY (2016-2028)
TABLE 046. BETTERMENT LLC: SNAPSHOT
TABLE 047. BETTERMENT LLC: BUSINESS PERFORMANCE
TABLE 048. BETTERMENT LLC: PRODUCT PORTFOLIO
TABLE 049. BETTERMENT LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. CHARLES SCHWAB CORPORATION: SNAPSHOT
TABLE 050. CHARLES SCHWAB CORPORATION: BUSINESS PERFORMANCE
TABLE 051. CHARLES SCHWAB CORPORATION: PRODUCT PORTFOLIO
TABLE 052. CHARLES SCHWAB CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. FUTUREADVISOR: SNAPSHOT
TABLE 053. FUTUREADVISOR: BUSINESS PERFORMANCE
TABLE 054. FUTUREADVISOR: PRODUCT PORTFOLIO
TABLE 055. FUTUREADVISOR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. HEDGEABLE INC: SNAPSHOT
TABLE 056. HEDGEABLE INC: BUSINESS PERFORMANCE
TABLE 057. HEDGEABLE INC: PRODUCT PORTFOLIO
TABLE 058. HEDGEABLE INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. NUTMEG: SNAPSHOT
TABLE 059. NUTMEG: BUSINESS PERFORMANCE
TABLE 060. NUTMEG: PRODUCT PORTFOLIO
TABLE 061. NUTMEG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. PERSONAL CAPITAL: SNAPSHOT
TABLE 062. PERSONAL CAPITAL: BUSINESS PERFORMANCE
TABLE 063. PERSONAL CAPITAL: PRODUCT PORTFOLIO
TABLE 064. PERSONAL CAPITAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. SIGFIG WEALTH MANAGEMENT: SNAPSHOT
TABLE 065. SIGFIG WEALTH MANAGEMENT: BUSINESS PERFORMANCE
TABLE 066. SIGFIG WEALTH MANAGEMENT: PRODUCT PORTFOLIO
TABLE 067. SIGFIG WEALTH MANAGEMENT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. STASH INVEST: SNAPSHOT
TABLE 068. STASH INVEST: BUSINESS PERFORMANCE
TABLE 069. STASH INVEST: PRODUCT PORTFOLIO
TABLE 070. STASH INVEST: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. VANGUARD PERSONAL ADVISOR: SNAPSHOT
TABLE 071. VANGUARD PERSONAL ADVISOR: BUSINESS PERFORMANCE
TABLE 072. VANGUARD PERSONAL ADVISOR: PRODUCT PORTFOLIO
TABLE 073. VANGUARD PERSONAL ADVISOR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. WEALTHFRONT INC: SNAPSHOT
TABLE 074. WEALTHFRONT INC: BUSINESS PERFORMANCE
TABLE 075. WEALTHFRONT INC: PRODUCT PORTFOLIO
TABLE 076. WEALTHFRONT INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. WISEBANYAN: SNAPSHOT
TABLE 077. WISEBANYAN: BUSINESS PERFORMANCE
TABLE 078. WISEBANYAN: PRODUCT PORTFOLIO
TABLE 079. WISEBANYAN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 080. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 081. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 082. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. ROBO ADVISORY MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. ROBO ADVISORY MARKET OVERVIEW BY BUSINESS MODEL
FIGURE 012. PURE ROBO ADVISORS MARKET OVERVIEW (2016-2028)
FIGURE 013. HYBRID ROBO ADVISORS MARKET OVERVIEW (2016-2028)
FIGURE 014. ROBO ADVISORY MARKET OVERVIEW BY SERVICE PROVIDER
FIGURE 015. FINTECH ROBO ADVISORS MARKET OVERVIEW (2016-2028)
FIGURE 016. BANKS MARKET OVERVIEW (2016-2028)
FIGURE 017. TRADITIONAL WEALTH MANAGERS MARKET OVERVIEW (2016-2028)
FIGURE 018. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 019. ROBO ADVISORY MARKET OVERVIEW BY SERVICE TYPE
FIGURE 020. DIRECT PLAN BASED OR GOAL BASED MARKET OVERVIEW (2016-2028)
FIGURE 021. COMPREHENSIVE WEALTH ADVISORY MARKET OVERVIEW (2016-2028)
FIGURE 022. ROBO ADVISORY MARKET OVERVIEW BY END USER
FIGURE 023. RETAIL INVESTOR MARKET OVERVIEW (2016-2028)
FIGURE 024. HIGH NET WORTH INDIVIDUALS MARKET OVERVIEW (2016-2028)
FIGURE 025. NORTH AMERICA ROBO ADVISORY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. EUROPE ROBO ADVISORY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. ASIA PACIFIC ROBO ADVISORY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. MIDDLE EAST & AFRICA ROBO ADVISORY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. SOUTH AMERICA ROBO ADVISORY MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Robo Advisory Market research report is 2024-2032.
Betterment LLC, Charles Schwab Corporation, FutureAdvisor, Hedgeable, Inc., Nutmeg; Personal Capital, SigFig Wealth Management, Stash Invest, Vanguard Personal Advisor, Wealthfront Inc, WiseBanyan and other major players.
The Robo Advisory Market is segmented into Business Model, Service Provider, Service Type, End-User, and region. By Business Model, the market is categorized into Pure Robo Advisors, Hybrid Robo Advisors. By Service Provider, the market is categorized into FinTech Robo Advisors, Banks, Traditional Wealth Managers, Others. By Service Type, the market is categorized into Direct Plan-Based/Goal-Based and Comprehensive Wealth Advisory. By End-User Industry, the market is categorized into Retail Investor, High Net Worth Individuals. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.)
A type of financial advisor known as a "robo-advisor" manages investments and offers financial advice online with little to no human involvement. Based on mathematical principles or algorithms, they offer digital financial advice.
Global Robo Advisory market size was valued at USD 1096.87 Billion in 2023, and is projected to reach USD 3347.90 Billion by 2032, growing at a CAGR of 13.2% from 2024 to 2032.