Robo Advisory Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	140 Pages	Fortune Business Insights Pvt. Ltd.	August, 2024	FOB19136279

Best Price Guarantee
Price	from $4,850
Length	140 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	August, 2024
SKU	FOB19136279

Robo Advisory Market

Growth Factors of Robo Advisory Market

The robo advisory market size was valued at USD 6.50 billion in 2023, and the market is now projected to grow from USD 8.39 billion in 2024 to USD 69.32 billion by 2032, exhibiting a CAGR of 30.2% during the forecast period of 2024-2032.

The COVID-19 pandemic had advantageous effect on the robo advisory market growth, recording an increase of 13% in accounts all through this period. Market players, which include The Vanguard Group saw growth of 14% in its Assets under Management (Al-JM). As in keeping with company specialists, the market is predicted to broaden at an accelerated pace at some level inside the forecast period as a result of the growing call for hybrid robo-advisory services.

Several digitalization and automation technology have substantially impacted the finance enterprise. Among those, the most prominent technology is the robo advisors that provide tailor-made portfolio management and investment recommendation using information analysis and algorithms. The key riding elements of the marketplace include growing demand for automated funding advisors, integration of new-age technology in robo advisory systems, and simplicity of use.

The market is experiencing trends like hybrid robo advisors and a growing preference for ESG investing. ESG investing aligns investment plans with non-public ethics and offers high returns. A recent Morgan Stanley survey found that over 77% of traders worldwide prefer sustainable investing, with 57% indicating a growing preference in recent years. Factors driving this trend include climate technology findings and the performance of sustainable investments. The survey, conducted in October 2023, involved over 2,802 global respondents.

Comprehensive Analysis of Robo Advisory Market

The robo-advisors marketplace in 2023 is divided into pure robo-advisors and hybrid robo-advisors. Hybrid robo-advisors are dominated by using high-net-worth folks who prefer a combination of technology and human advice. Pure robo-advisors are expected to record the highest CAGR due to their cost-effectiveness. The market is divided into retail investors, high-net-worth individuals, and SMEs & corporate clients. High-net-worth individuals are led by players like The Vanguard Group, Inc., and Betterment. Retail investors are expected to record the highest CAGR due to the pandemic and increased awareness of tailored robo-advisory solutions. The market is divided into direct plan-based/goal-based services and comprehensive wealth advisory services. Direct plan-based/goal-based services are popular among retail investors due to their cost-effectiveness and personalized financial advice. The comprehensive wealth advisory services segment is expected to grow due to economic expansion, rising income, and the need for effective robo advisory modules.

North America region lead the robo advisory market share due to due to presence of market leaders like Betterment and Wealthfront Corporation, robo-advisory software popularity, and recent developments. Santander Bank NA, in partnership with SigFig, developed the Santander PathFinder, an automated investment management tool, to help customers save for retirement.

Robo advisory ecosystem comprises service providers like Betterment and Wealthfront Corporation, as well as software providers like SigFig and AdvisorEngine. Market players are adopting strategies like lowering costs, customizing pricing, investing in new technologies, and partnering with small-scale businesses. Top robo advisory companies include Betterment, Wealthfront, The Vanguard, Charles Schwab, Social Finance, Acorns Grow Incorporated, AdvisorEngine, Scalable Capital GmbH, and StashAway.

In May 2024 Canada-primarily based Manulife brought a robo-advisory provider this is focused on the mandatory provident fund environment in Hong Kong. The organisation partnered with AutoML Capital and Syfe for the new digital portal, that allows you to goal to ""teach and encourage proactive assessment and control of MPF investments.""

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 30.2% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Type

Pure Robo-Advisors
Hybrid Robo-Advisors

By End User

Retail Investors
High-Net-Worth Individuals
SMEs and Corporate Clients

By Service Type

Direct Plan-based/Goal-based
Comprehensive Wealth Advisory

By Region

North America (By Type, By End User, By Service Type, and By Country)

- U.S.

- Canada

- Mexico

South America (By Type, By End User, By Service Type, and By Country)

- Brazil

- Argentina

- Rest of South America

Europe (By Type, By End User, By Service Type, and By Country)

- U.K.

- Germany

- France

- Italy

- Spain

- Russia

- Benelux

- Nordics

- Rest of Europe

Middle East & Africa (By Type, By End User, By Service Type, and By Country)

- Turkey

- Israel

- GCC

- North Africa

- South Africa

- Rest of Middle East & Africa

Asia Pacific (By Type, By End User, By Service Type, and By Country)

- China

- Japan

- India

- South Korea

- ASEAN

- Oceania

- Rest of Asia Pacific

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1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology/Approach; 1.3. Data Sources
2. Executive Summary
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints, Opportunities and Trends; 3.3. Impact of Generative AI
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players; 4.3. Global Robo Advisory Key Players Market Share/Ranking, 2023
5. Global Robo Advisory Market Size Estimates and Forecasts, By Segments, 2019-2032: 5.1. Key Findings; 5.2. By Type (USD); 5.2.1. Pure Robo-Advisors; 5.2.2. Hybrid Robo-Advisors; 5.3. By End User (USD); 5.3.1. Retail Investors; 5.3.2. High-Net-Worth Individuals; 5.3.3. SMEs and Corporate Clients; 5.4. By Service Type (USD); 5.4.1. Direct Plan-based/Goal-based; 5.4.2. Comprehensive Wealth Advisory; 5.5. By Region (USD); 5.5.1. North America; 5.5.2. South America; 5.5.3. Europe; 5.5.4. Middle East & Africa; 5.5.5. Asia Pacific
6. North America Robo Advisory Market Size Estimates and Forecasts, By Segments, 2019-2032: 6.1. Key Findings; 6.2. By Type (USD); 6.2.1. Pure Robo-Advisors; 6.2.2. Hybrid Robo-Advisors; 6.3. By End User (USD); 6.3.1. Retail Investors; 6.3.2. High-Net-Worth Individuals; 6.3.3. SMEs and Corporate Clients; 6.4. By Service Type (USD); 6.4.1. Direct Plan-based/Goal-based; 6.4.2. Comprehensive Wealth Advisory; 6.5. By Country (USD); 6.5.1. U.S.; 6.5.2. Canada; 6.5.3. Mexico
7. South America Robo Advisory Market Size Estimates and Forecasts, By Segments, 2019-2032: 7.1. Key Findings; 7.2. By Type (USD); 7.2.1. Pure Robo-Advisors; 7.2.2. Hybrid Robo-Advisors; 7.3. By End User (USD); 7.3.1. Retail Investors; 7.3.2. High-Net-Worth Individuals; 7.3.3. SMEs and Corporate Clients; 7.4. By Service Type (USD); 7.4.1. Direct Plan-based/Goal-based; 7.4.2. Comprehensive Wealth Advisory; 7.5. By Country (USD); 7.5.1. Brazil; 7.5.2. Argentina; 7.5.3. Rest of South America
8. Europe Robo Advisory Market Size Estimates and Forecasts, By Segments, 2019-2032: 8.1. Key Findings; 8.2. By Type (USD); 8.2.1. Pure Robo-Advisors; 8.2.2. Hybrid Robo-Advisors; 8.3. By End User (USD); 8.3.1. Retail Investors; 8.3.2. High-Net-Worth Individuals; 8.3.3. SMEs and Corporate Clients; 8.4. By Service Type (USD); 8.4.1. Direct Plan-based/Goal-based; 8.4.2. Comprehensive Wealth Advisory; 8.5. By Country (USD); 8.5.1. U.K.; 8.5.2. Germany; 8.5.3. France; 8.5.4. Italy; 8.5.5. Spain; 8.5.6. Russia; 8.5.7. Benelux; 8.5.8. Nordics; 8.5.9. Rest of Europe
9. Middle East & Africa Robo Advisory Market Size Estimates and Forecasts, By Segments, 2019-2032: 9.1. Key Findings; 9.2. By Type (USD); 9.2.1. Pure Robo-Advisors; 9.2.2. Hybrid Robo-Advisors; 9.3. By End User (USD); 9.3.1. Retail Investors; 9.3.2. High-Net-Worth Individuals; 9.3.3. SMEs and Corporate Clients; 9.4. By Service Type (USD); 9.4.1. Direct Plan-based/Goal-based; 9.4.2. Comprehensive Wealth Advisory; 9.5. By Country (USD); 9.5.1. Turkey; 9.5.2. Israel; 9.5.3. GCC; 9.5.4. North Africa; 9.5.5. South Africa; 9.5.6. Rest of MEA
10. Asia Pacific Robo Advisory Market Size Estimates and Forecasts, By Segments, 2019-2032: 10.1. Key Findings; 10.2. By Type (USD); 10.2.1. Pure Robo-Advisors; 10.2.2. Hybrid Robo-Advisors; 10.3. By End User (USD); 10.3.1. Retail Investors; 10.3.2. High-Net-Worth Individuals; 10.3.3. SMEs and Corporate Clients; 10.4. By Service Type (USD); 10.4.1. Direct Plan-based/Goal-based; 10.4.2. Comprehensive Wealth Advisory; 10.5. By Country (USD); 10.5.1. China; 10.5.2. Japan; 10.5.3. India; 10.5.4. South Korea; 10.5.5. ASEAN; 10.5.6. Oceania; 10.5.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in the public domain and/or on paid databases): 11.1. Betterment; 11.1.1. Overview; 11.1.1.1. Key Management; 11.1.1.2. Headquarters; 11.1.1.3. Offerings/Business Segments; 11.1.2. Key Details (Key details are consolidated data and not product/service specific); 11.1.2.1. Employee Size; 11.1.2.2. Past and Current Revenue; 11.1.2.3. Geographical Share; 11.1.2.4. Business Segment Share; 11.1.2.5. Recent Developments; 11.2. Wealthfront Corporation; 11.2.1. Overview; 11.2.1.1. Key Management; 11.2.1.2. Headquarters; 11.2.1.3. Offerings/Business Segments; 11.2.2. Key Details (Key details are consolidated data and not product/service specific); 11.2.2.1. Employee Size; 11.2.2.2. Past and Current Revenue; 11.2.2.3. Geographical Share; 11.2.2.4. Business Segment Share; 11.2.2.5. Recent Developments; 11.3. SigFig; 11.3.1. Overview; 11.3.1.1. Key Management; 11.3.1.2. Headquarters; 11.3.1.3. Offerings/Business Segments; 11.3.2. Key Details (Key details are consolidated data and not product/service specific); 11.3.2.1. Employee Size; 11.3.2.2. Past and Current Revenue; 11.3.2.3. Geographical Share; 11.3.2.4. Business Segment Share; 11.3.2.5. Recent Developments; 11.4. The Vanguard Group, Inc.; 11.4.1. Overview; 11.4.1.1. Key Management; 11.4.1.2. Headquarters; 11.4.1.3. Offerings/Business Segments; 11.4.2. Key Details (Key details are consolidated data and not product/service specific); 11.4.2.1. Employee Size; 11.4.2.2. Past and Current Revenue; 11.4.2.3. Geographical Share; 11.4.2.4. Business Segment Share; 11.4.2.5. Recent Developments; 11.5. Charles Schwab Corporation; 11.5.1. Overview; 11.5.1.1. Key Management; 11.5.1.2. Headquarters; 11.5.1.3. Offerings/Business Segments; 11.5.2. Key Details (Key details are consolidated data and not product/service specific); 11.5.2.1. Employee Size; 11.5.2.2. Past and Current Revenue; 11.5.2.3. Geographical Share; 11.5.2.4. Business Segment Share; 11.5.2.5. Recent Developments; 11.6. Social Finance, Inc.; 11.6.1. Overview; 11.6.1.1. Key Management; 11.6.1.2. Headquarters; 11.6.1.3. Offerings/Business Segments; 11.6.2. Key Details (Key details are consolidated data and not product/service specific); 11.6.2.1. Employee Size; 11.6.2.2. Past and Current Revenue; 11.6.2.3. Geographical Share; 11.6.2.4. Business Segment Share; 11.6.2.5. Recent Developments; 11.7. Acorns Grow Incorporated; 11.7.1. Overview; 11.7.1.1. Key Management; 11.7.1.2. Headquarters; 11.7.1.3. Offerings/Business Segments; 11.7.2. Key Details (Key details are consolidated data and not product/service specific); 11.7.2.1. Employee Size; 11.7.2.2. Past and Current Revenue; 11.7.2.3. Geographical Share; 11.7.2.4. Business Segment Share; 11.7.2.5. Recent Developments; 11.8. AdvisorEngine; 11.8.1. Overview; 11.8.1.1. Key Management; 11.8.1.2. Headquarters; 11.8.1.3. Offerings/Business Segments; 11.8.2. Key Details (Key details are consolidated data and not product/service specific); 11.8.2.1. Employee Size; 11.8.2.2. Past and Current Revenue; 11.8.2.3. Geographical Share; 11.8.2.4. Business Segment Share; 11.8.2.5. Recent Developments; 11.9. Scalable Capital GmbH; 11.9.1. Overview; 11.9.1.1. Key Management; 11.9.1.2. Headquarters; 11.9.1.3. Offerings/Business Segments; 11.9.2. Key Details (Key details are consolidated data and not product/service specific); 11.9.2.1. Employee Size; 11.9.2.2. Past and Current Revenue; 11.9.2.3. Geographical Share; 11.9.2.4. Business Segment Share; 11.9.2.5. Recent Developments; 11.10. StashAway; 11.10.1. Overview; 11.10.1.1. Key Management; 11.10.1.2. Headquarters; 11.10.1.3. Offerings/Business Segments; 11.10.2. Key Details (Key details are consolidated data and not product/service specific); 11.10.2.1. Employee Size; 11.10.2.2. Past and Current Revenue; 11.10.2.3. Geographical Share; 11.10.2.4. Business Segment Share; 11.10.2.5. Recent Developments
12. Key Takeaways