Quick Summary:
Staying ahead in the continuously evolving financial advisory landscape necessitates informed decision-making and a firm grasp on market trends. Our Global Robo-Advisory Market report offers precisely that. Saturated with insights drawn from exhaustive research conducted by industry experts, this comprehensive report encapsulates data crucial to understanding this burgeoning field.
The wealth management industry is undergoing a profound shift as technology infuses traditional financial practices, bringing an unparalleled level of efficiency, precision, and convenience – hallmarks of Robo-advisory. Understanding the potential of this shift is critical to seizing the opportunities it presents. Our report provides an in-depth analysis of the Robo-advisory market and helps you comprehend the market size, its segmentation, the competition landscape, market drivers, and the influence of recent technological advancements.
Whether your focus is the implications of algorithm-driven financial planning or the relative merits of pure vs. hybrid robo-advisory, our report delivers invaluable insights. Stay abreast of global market trends, industry dynamics, and technological innovations with our minutely detailed research report - your ticket to strategically navigating the changing terrain of the Global Robo-Advisory Market.
Robo-advisor refers to a type of automated financial advisor that provides algorithm-driven wealth management services with little to no human intervention. The robo advisory is engaged in providing financial advice in an online mode. Robo-advisors offer digital investment management services platforms with the help of automated, algorithm-driven financial planning services with very little to no human intervention. They use an online questionnaire to collect information from clients regarding their financial situation, degree of risk, and future goals, and then use the data to offer advice and automatically invest client assets.
The main types of business models in robo-advisory are pure robo advisors and hybrid robo advisors. A pure robo advisor is a digital financial service that uses automated technology to help investors with financial solutions. A hybrid robo advisor is a service that typically combines human financial advisors with robo advisors with access to financial guidance or planning. The providers of robo-advisory include fintech robo-advisors, banks, traditional wealth managers, and others. The types of services provided include direct plan-based/goal-based and comprehensive wealth advisory. The robo advisory services are used by healthcare providers, retail, education, and other end-users.
The global robo advisory market grew from $28.24 billion in 2022 to $41.52 billion in 2023 at a compound annual growth rate (CAGR) of 47.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The robo advisory market is expected to grow to $205.84 billion in 2027 at a CAGR of 49.2%.
The robo advisory research report is one of a series of new reports that provides robo advisory statistics, including robo advisory industry global market size, regional shares, competitors with robo advisory shares, detailed robo advisory segments, market trends and opportunities, and any further data you may need to thrive in the robo advisory industry. This robo advisory research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Advancements in technology are significantly shaping the robo advisory market. With the advancement of technology in areas such as advanced analytics, artificial intelligence, and natural language processing, the effectiveness of robo-advisory is expected to increase. This will enable robo-advisors to strengthen the value proposition and have a greater impact across the value chain. For instance, in November 2020, Unifimoney Inc., a US-based company operating in robo advisory, announced a partnership with Quantel AI Inc., to launch AI-based robo-investing products as part of the Unifimoney investing platform. These products will use Quantel's proprietary AI engines to evaluate the risk profile and stated goals and advise on portfolio selection to meet the customer’s goals.
In August 2022, Goldman Sachs, a US-based Investment banking company, acquired NextCapital Group for an undisclosed amount. This acquisition will help accelerate the expansion of Goldman Sachs’ services in the defined contribution (DC) retirement market through personalized managed accounts and digital advice solutions. NextCapital Group is a US-based robo-advisor company that provides financial plans for clients.
North America will be the largest region in the robo advisory market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the robo advisory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the Robo Advisory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK,and USA.
The growing digitalization in financial services is contributing to the growth of the robo advisory market. In the financial industry, digital technologies such as artificial intelligence (AI), the cloud, blockchain, and fintech are making it easier to access funds and assisting the finance sector by using automated techniques to improve customer experience. For instance, in December 2020, Franklin Templeton, a US-based investment company, announced a partnership with Bambu and Apex Clearing to launch Tango, a new turnkey robo-adviser. This partnership will benefit by using the Apex platform to facilitate trading and custody for the robo-adviser and using the cloud-based platform of Bambu to facilitate a white-label software service. So, rising digital integration in financial services is driving the market's growth.
The robo-advisor market includes revenues earned by entities by providing robo-advisory services (e.g., fund-based robo advisory, equity-based robo advisory, comprehensive wealth advisory). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the robo advisory market are Betterment LLC, Charles Schwab & Co. Inc., Wealthfront Corporation, Personal Capital Corporation, Bambu, Blooom Inc., Ellevest, FutureAdvisor, Nutmeg Saving and Investment Limited, SigFig Wealth Management, The Vanguard Group Inc., SoFi Wealth, Hedgeable Inc., WiseBanyan Inc., AssetBuilder Inc., Ally Financial Inc., Wealthsimple, Axos Invest Inc., Scalable Capital, Moneyfarm, Acorns, United Income, T. Rowe Price, Rebellion Research, WealthNavi, TD Ameritrade, Schwab Intelligent Portfolios, Stash Invest, Fincite, Ginmon Vermogensverwaltung GmbH, and Social Finance Inc.,
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The main types of business models in robo-advisory are pure robo advisors and hybrid robo advisors. A pure robo advisor is a digital financial service that uses automated technology to help investors with financial solutions. A hybrid robo advisor is a service that typically combines human financial advisors with robo advisors with access to financial guidance or planning. The providers of robo-advisory include fintech robo-advisors, banks, traditional wealth managers, and others. The types of services provided include direct plan-based/goal-based and comprehensive wealth advisory. The robo advisory services are used by healthcare providers, retail, education, and other end-users.
The global robo advisory market grew from $28.24 billion in 2022 to $41.52 billion in 2023 at a compound annual growth rate (CAGR) of 47.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The robo advisory market is expected to grow to $205.84 billion in 2027 at a CAGR of 49.2%.
The robo advisory research report is one of a series of new reports that provides robo advisory statistics, including robo advisory industry global market size, regional shares, competitors with robo advisory shares, detailed robo advisory segments, market trends and opportunities, and any further data you may need to thrive in the robo advisory industry. This robo advisory research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Advancements in technology are significantly shaping the robo advisory market. With the advancement of technology in areas such as advanced analytics, artificial intelligence, and natural language processing, the effectiveness of robo-advisory is expected to increase. This will enable robo-advisors to strengthen the value proposition and have a greater impact across the value chain. For instance, in November 2020, Unifimoney Inc., a US-based company operating in robo advisory, announced a partnership with Quantel AI Inc., to launch AI-based robo-investing products as part of the Unifimoney investing platform. These products will use Quantel's proprietary AI engines to evaluate the risk profile and stated goals and advise on portfolio selection to meet the customer’s goals.
In August 2022, Goldman Sachs, a US-based Investment banking company, acquired NextCapital Group for an undisclosed amount. This acquisition will help accelerate the expansion of Goldman Sachs’ services in the defined contribution (DC) retirement market through personalized managed accounts and digital advice solutions. NextCapital Group is a US-based robo-advisor company that provides financial plans for clients.
North America will be the largest region in the robo advisory market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the robo advisory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the Robo Advisory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK,and USA.
The growing digitalization in financial services is contributing to the growth of the robo advisory market. In the financial industry, digital technologies such as artificial intelligence (AI), the cloud, blockchain, and fintech are making it easier to access funds and assisting the finance sector by using automated techniques to improve customer experience. For instance, in December 2020, Franklin Templeton, a US-based investment company, announced a partnership with Bambu and Apex Clearing to launch Tango, a new turnkey robo-adviser. This partnership will benefit by using the Apex platform to facilitate trading and custody for the robo-adviser and using the cloud-based platform of Bambu to facilitate a white-label software service. So, rising digital integration in financial services is driving the market's growth.
The robo-advisor market includes revenues earned by entities by providing robo-advisory services (e.g., fund-based robo advisory, equity-based robo advisory, comprehensive wealth advisory). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major players in the robo advisory market are Betterment LLC, Charles Schwab & Co. Inc., Wealthfront Corporation, Personal Capital Corporation, Bambu, Blooom Inc., Ellevest, FutureAdvisor, Nutmeg Saving and Investment Limited, SigFig Wealth Management, The Vanguard Group Inc., SoFi Wealth, Hedgeable Inc., WiseBanyan Inc., AssetBuilder Inc., Ally Financial Inc., Wealthsimple, Axos Invest Inc., Scalable Capital, Moneyfarm, Acorns, United Income, T. Rowe Price, Rebellion Research, WealthNavi, TD Ameritrade, Schwab Intelligent Portfolios, Stash Invest, Fincite, Ginmon Vermogensverwaltung GmbH, and Social Finance Inc.,
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| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 41.52 billion |
| Forecasted Market Value ( USD | $ 205.84 billion |
| Compound Annual Growth Rate | 49.2% |
| Regions Covered | Global |
Table of Contents
1. Executive Summary2. Robo Advisory Market Characteristics
3. Robo Advisory Market Trends And Strategies
4. Robo Advisory Market - Macro Economic Scenario
4.1 COVID-19 Impact On Robo Advisory Market
4.2 Ukraine-Russia War Impact On Robo Advisory Market
4.3 Impact Of High Inflation On Robo Advisory Market
5. Robo Advisory Market Size And Growth
5.1. Global Robo Advisory Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Robo Advisory Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Robo Advisory Market Segmentation
6.1. Global Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Direct Plan-Based/Goal-Based
- Comprehensive Wealth Advisory
- Fintech Robo Advisors
- Banks
- Traditional Wealth Managers
- Other Providers
- Pure Robo Advisors
- Hybrid Robo Advisors
- Healthcare
- Education
- Retail
- Other End Users
7.1. Global Robo Advisory Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Robo Advisory Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Robo Advisory Market
8.1. Asia-Pacific Robo Advisory Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.3. Asia-Pacific Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Robo Advisory Market
9.1. China Robo Advisory Market Overview
9.2. China Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Robo Advisory Market
10.1. India Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Robo Advisory Market
11.1. Japan Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Robo Advisory Market
12.1. Australia Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Robo Advisory Market
13.1. Indonesia Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Robo Advisory Market
14.1. South Korea Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Robo Advisory Market
15.1. Western Europe Robo Advisory Market Overview
15.2. Western Europe Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Robo Advisory Market
16.1. UK Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Robo Advisory Market
17.1. Germany Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Robo Advisory Market
18.1. France Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Robo Advisory Market
19.1. Eastern Europe Robo Advisory Market Overview
19.2. Eastern Europe Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Robo Advisory Market
20.1. Russia Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Robo Advisory Market
21.1. North America Robo Advisory Market Overview
21.2. North America Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Robo Advisory Market
22.1. USA Robo Advisory Market Overview
22.2. USA Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Robo Advisory Market
23.1. South America Robo Advisory Market Overview
23.2. South America Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Robo Advisory Market
24.1. Brazil Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Robo Advisory Market
25.1. Middle East Robo Advisory Market Overview
25.2. Middle East Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Robo Advisory Market
26.1. Africa Robo Advisory Market Overview
26.2. Africa Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Robo Advisory Market Competitive Landscape And Company Profiles
27.1. Robo Advisory Market Competitive Landscape
27.2. Robo Advisory Market Company Profiles
27.2.1. Betterment LLC
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Charles Schwab & Co. Inc.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Wealthfront Corporation
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Personal Capital Corporation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Bambu
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Robo Advisory Market
29. Robo Advisory Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Robo Advisory Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on robo advisory market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for robo advisory? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The robo advisory market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Service Type: Direct Plan-Based/Goal-Based; Comprehensive Wealth Advisory2) By Provider: Fintech Robo Advisors; Banks; Traditional Wealth Managers; Other Providers
3) By Business Model: Pure Robo Advisors; Hybrid Robo Advisors
4) By End User: Healthcare; Education; Retail; Other End Users
Companies Mentioned: Betterment LLC; Charles Schwab & Co. Inc.,; Wealthfront Corporation; Personal Capital Corporation; Bambu
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Betterment LLC
- Charles Schwab & Co. Inc.
- Wealthfront Corporation
- Personal Capital Corporation
- Bambu
- Blooom Inc.
- Ellevest
- FutureAdvisor
- Nutmeg Saving and Investment Limited
- SigFig Wealth Management
- The Vanguard Group Inc.
- SoFi Wealth
- Hedgeable Inc.
- WiseBanyan Inc.
- AssetBuilder Inc.
- Ally Financial Inc.
- Wealthsimple
- Axos Invest Inc.
- Scalable Capital
- Moneyfarm
- Acorns
- United Income
- T. Rowe Price
- Rebellion Research
- WealthNavi
- TD Ameritrade
- Schwab Intelligent Portfolios
- Stash Invest
- Fincite
- Ginmon Vermogensverwaltung GmbH
- Social Finance Inc.,
Methodology
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