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Robo Advisory Market Size, Share & Trends Analysis Report By Type (Pure Robo Advisors, Hybrid Robo Advisors), By Provider, By Service Type, By End-use, By Region, And Segment Forecasts, 2022 - 2030

Publisher Grand View Research
Published Aug 22, 2022
Length 130 Pages
SKU # GV17372401

Description

Robo Advisory Market Growth & Trends

The global robo advisory market size is expected to reach USD 41.83 billion by 2030, growing at a CAGR of 29.7% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing use of smartphones coupled with the increased applications of chatbots on various investment and e-commerce platforms worldwide is anticipated to drive the demand for robo advisory during the projected period. In addition, the increasing awareness of digital investment consultation services is expected to drive market growth during the forecast period.

Robo-advisory includes algorithm and automated driven financial planning with little human involvement. Additionally, through an online survey, the robo-advisor gathers financial information from clients, such as their current financial position and future financial goals. Furthermore, using this information, robo advisors offer clients certain benefits such as quick account setup, portfolio management, and security features. Such factors are anticipated to drive the market in the near future.

Numerous emerging economies are encouraging regional players to improve their testing and research into robo-advisory services. Such initiatives are also expected to stimulate market growth. For instance, in August 2019, the Saudi Capital Market Authority (CMA) gave Haseed Investing Company and Wahed Capital authorization to test their robo-advisory services. This strategy is to promote the use of financial technology in the Arab market.

The pandemic has contributed positively to the market growth, thereby driving the demand for robo advisors in the near future. Several businesses have reported increased digital consulting activity in the first quarter of 2020. For instance, in April 2021, Betterment reported an increase in account openings by over 25% due to the COVID-19 pandemic These factors are expected to fuel the market growth during the forecast period.

Robo Advisory Market Report Highlights
  • The pure robo advisors’ segment is expected to witness the fastest growth during the forecast period owing to minimal human intervention offered by pure robo advisors.
  • The banks segment is expected to witness the fastest growth during the forecast period. The growth of the segment can be attributed to the increasing digitalization across the banking sector, which is further expected to drive the demand for robo advisors in banks.
  • The comprehensive wealth advisory segment is expected to witness the fastest growth during the projected period. The ability of comprehensive wealth advisory to cater to investment consultation inclusion at reasonable costs is propelling the segment growth.
  • The High Net Worth Individuals (HNWIs) segment dominated the market in 2021. The dominance can be attributed to the increasing adoption of robo advisory by the HNWIs to save time and increasing investment returns. Hence, HNIWs are inclined towards adopting robo advisors.
  • The Asia Pacific regional market is expected to witness the fastest growth during the forecast period. The regional growth is attributable due to the rising internet penetration and the swift uptake of new technologies.
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Table of Contents

130 Pages
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Robo Advisory Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
2.2 Global Robo Advisory Market, 2017 - 2030
2.2.1 Global robo advisory market, by region, 2017 - 2030
2.2.2 Global robo advisory market, by type, 2017 - 2030
2.2.3 Global robo advisory market, by provider, 2017 - 2030
2.2.4 Global robo advisory market, by service type, 2017 - 2030
2.2.5 Global robo advisory market, by end user, 2017 - 2030
Chapter 3 Robo Advisory Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Robo Advisory Market - Value Chain Analysis
3.4 Robo Advisory Market - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Increasing digitalization across the globe
3.4.1.2 Rising technological advancements
3.4.2 Market challenge analysis
3.4.2.1 Limited flexibility offered by robo advisors
3.5 Penetration and Growth Prospect Mapping
3.6 Robo Advisory Market - Porter’s Five Forces Analysis
3.7 Robo Advisory Market - PESTEL Analysis
Chapter 4 Investment Landscape Analysis
4.1 Investor Strategies
4.2 Investor Vision & Goal Analysis
4.3 Funding Raised in Voice Assistant Devices
4.4 Investments Made in Self-checkout Stores
Chapter 5 Robo Advisory Type Outlook
5.1 Robo Advisory Market Share By Type, 2021
5.2 Pure Robo Advisors
5.2.1 Pure Robo Advisors in robo advisory market, 2017 - 2030
5.3 Hybrid Robo Advisors
5.3.1 Hybrid Robo Advisors in robo advisory market, 2017 - 2030
Chapter 6 Robo Advisory Provider Outlook
6.1 Robo Advisory Market Share By Provider, 2021
6.2 Fintech Robo Advisors
6.2.1 Robo advisory market in fintech robo advisors, 2017 - 2030
6.3 Banks
6.3.1 Robo advisory market in banks, 2017 - 2030
6.4 Traditional Wealth Managers
6.4.1 Robo advisory market in traditional wealth managers, 2017 - 2030
6.5 Others
6.5.1 Robo advisory market in others, 2017 - 2030
Chapter 7 Robo Advisory Service Type Outlook
7.1 Robo Advisory Market Share By Service Type, 2021
7.2 Direct Plan-based/Goal-based
7.2.1 Direct plan-based/Goal-based in robo advisory market, 2017 - 2030
7.3 Comprehensive Wealth Advisory
7.3.1 Comprehensive Wealth Advisory in robo advisory market, 2017 - 2030
Chapter 8 Robo Advisory End User Outlook
8.1 Robo Advisory Market Share By End User, 2021
8.2 Retail Investor
8.2.1 Robo advisory market in retail investors, 2017 - 2030
8.3 High Net Worth Individuals
8.3.1 Robo advisory market in high net worth individuals, 2017 - 2030
Chapter 9 Robo Advisory Regional Outlook
9.1 Robo Advisory Market Share By Region, 2021
9.2 North America
9.2.1 North America robo advisory market, 2017 - 2030
9.2.2 North America robo advisory market, by type, 2017 - 2030
9.2.3 North America robo advisory market, by provider, 2017 - 2030
9.2.4 North America robo advisory market, by service type, 2017 - 2030
9.2.5 North America robo advisory market, by end user, 2017 - 2030
9.2.6 U.S.
9.2.6.1 U.S robo advisory market, 2017 - 2030
9.2.6.2 U.S robo advisory market, by type, 2017 - 2030
9.2.6.3 U.S robo advisory market, by provider, 2017 - 2030
9.2.6.3 U.S robo advisory market, by service type, 2017 - 2030
9.2.6.4 U.S robo advisory market, by end user, 2017 - 2030
9.2.7 Canada
9.2.7.1 Canada robo advisory market, 2017 - 2030
9.2.7.2 Canada robo advisory market, by type, 2017 - 2030
9.2.7.3 Canada robo advisory market, by provider, 2017 - 2030
9.2.7.3 Canada robo advisory market, by service type, 2017 - 2030
9.2.7.4 Canada robo advisory market, by end user, 2017 - 2030
9.3 Europe
9.3.1 Europe robo advisory market, 2017 - 2030
9.3.2 Europe robo advisory market, by type, 2017 - 2030
9.3.3 Europe robo advisory market, by provider, 2017 - 2030
9.3.4 Europe robo advisory market, by service type, 2017 - 2030
9.3.5 Europe robo advisory market, by end user, 2017 - 2030
9.3.6 Germany
9.3.6.1 Germany robo advisory market, 2017 - 2030
9.3.6.2 Germany robo advisory market, by type, 2017 - 2030
9.3.6.3 Germany robo advisory market, by provider, 2017 - 2030
9.3.6.3 Germany robo advisory market, by service type, 2017 - 2030
9.3.6.4 Germany robo advisory market, by end user, 2017 - 2030
9.3.7 U.K.
9.3.7.1 U.K robo advisory market, 2017 - 2030
9.3.7.2 U.K robo advisory market, by type, 2017 - 2030
9.3.7.3 U.K. robo advisory market, by provider, 2017 - 2030
9.3.7.3 U.K. robo advisory market, by service type, 2017 - 2030
9.3.7.4 U.K robo advisory market, by end user, 2017 - 2030
9.4 Asia Pacific
9.4.1 Asia Pacific robo advisory market, 2017 - 2030
9.4.2 Asia Pacific robo advisory market, by type, 2017 - 2030
9.4.3 Asia Pacific robo advisory market, by provider, 2017 - 2030
9.4.4 Asia Pacific robo advisory market, by service type, 2017 - 2030
9.4.5 Asia Pacific robo advisory market, by end user, 2017 - 2030
9.4.6 China
9.4.6.1 China robo advisory market, 2017 - 2030
9.4.6.2 China robo advisory market, by type, 2017 - 2030
9.4.6.3 China robo advisory market, by provider, 2017 - 2030
9.4.6.3 China robo advisory market, by service type, 2017 - 2030
9.4.6.4 China robo advisory market, by end user, 2017 - 2030
9.4.7 India
9.4.7.1 India robo advisory market, 2017 - 2030
9.4.7.2 India robo advisory market, by type, 2017 - 2030
9.4.7.3 India robo advisory market, by provider, 2017 - 2030
9.4.7.3 India robo advisory market, by service type, 2017 - 2030
9.4.7.4 India robo advisory market, by end user, 2017 - 2030
9.4.8 Japan
9.4.8.1 Japan robo advisory market, 2017 - 2030
9.4.8.2 Japan robo advisory market, by type, 2017 - 2030
9.4.8.3 Japan robo advisory market, by provider, 2017 - 2030
9.4.8.3 Japan robo advisory market, by service type, 2017 - 2030
9.4.7.4 Japan robo advisory market, by end user, 2017 - 2030
9.5 Latin America
9.5.1 Latin America robo advisory market, 2017 - 2030
9.5.2 Latin America robo advisory market, by type, 2017 - 2030
9.5.3 Latin America robo advisory market, by provider, 2017 - 2030
9.5.4 Latin America robo advisory market, by service type, 2017 - 2030
9.5.5 Latin America robo advisory market, by end user, 2017 - 2030
9.5.6 Brazil
9.5.6.1 Brazil robo advisory market, 2017 - 2030
9.5.6.2 Brazil robo advisory market, by type, 2017 - 2030
9.5.6.3 Brazil robo advisory market, by provider, 2017 - 2030
9.5.6.3 Brazil robo advisory market, by service type, 2017 - 2030
9.5.6.4 Brazil robo advisory market, by end user, 2017 - 2030
9.6 MEA
9.6.1 MEA robo advisory market, 2017 - 2030
9.6.2 MEA robo advisory market, by type, 2017 - 2030
9.6.3 MEA robo advisory market, by provider, 2017 - 2030
9.6.4 MEA robo advisory market, by service type, 2017 - 2030
9.6.5 MEA robo advisory market, by end user, 2017 - 2030
Chapter 10 Competitive Analysis
10.1 Recent Developments & Impact Analysis, By Key Market Participants
10.2 Company Categorization
10.3 Vendor Landscape
10.3.1 Key company market share analysis, 2021
10.4 Company Analysis Tools
10.4.1 Company market position analysis
10.4.2 Competitive dashboard analysis
Chapter 11 Competitive Landscape
11.1 Betterment
11.1.1 Company overview
11.1.2 Financial performance
11.1.3 Product benchmarking
11.1.4 Strategic initiatives
11.2 Fincite Gmbh
11.2.1 Company overview
11.2.2 Financial performance
11.2.3 Product benchmarking
11.2.4 Strategic initiatives
11.3 Wealthfront Corporation.
11.3.1 Company overview
11.3.2 Financial performance
11.3.3 Product benchmarking
11.3.4 Strategic initiatives
11.4 The Vanguard Group, Inc.
11.4.1 Company overview
11.4.2 Financial performance
11.4.3 Product benchmarking
11.4.4 Strategic initiatives
11.5 Charles Schwab & Co, Inc.
11.5.1 Company overview
11.5.2 Financial performance
11.5.3 Product benchmarking
11.5.4 Strategic initiatives
11.6 Ellevest
11.6.1 Company overview
11.6.2 Financial performance
11.6.3 Product benchmarking
11.6.4 Strategic initiatives
11.7 Ginmon Vermögensverwaltung GmbH
11.7.1 Company overview
11.7.2 Financial performance
11.7.3 Product benchmarking
11.7.4 Strategic initiatives
11.8 Wealthify Limited
11.8.1 Company overview
11.8.2 Financial performance
11.8.3 Product benchmarking
11.8.4 Strategic initiatives
11.9 Social Finance, Inc.
11.9.1 Company overview
11.9.2 Financial performance
11.9.3 Product benchmarking
11.9.4 Strategic initiatives
11.10 SigFig Wealth Management
11.10.1 Company overview
11.10.2 Financial performance
11.10.3 Product benchmarking
11.10.4 Strategic initiatives

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