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Robo Advisory Global Market Report 2022

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    Report

  • 175 Pages
  • June 2022
  • Region: Global
  • The Business Research Company
  • ID: 5600341
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.

The global robo advisory market is expected to grow from $18.71 billion in 2021 to $28.10 billion in 2022 at a compound annual growth rate (CAGR) of 50.20%. The growth is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $135.11 billion in 2026 at a CAGR of 48.08%.

The robo advisory market consists of sales of robo advisory software and related services by entities (organizations, sole traders, and partnerships) that are 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, retail, education, and other end-users.

In 2021, North America will be the largest region in the robo advisory market. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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.

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 higher 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 2019, Wealthfront, a US-based company offering robo-advisory services, announced the acquisition of Grove Advisors for an undisclosed amount. This acquisition will help Wealthfront get an automated financial advice platform by developing Wealthfront’s Self-Driving Money strategy that would allow clients to directly deposit their paychecks onto its platform. Grove Advisors is a US-based hybrid robo-advisor company that focuses on providing access to certified financial planners and financial plans for clients.

The countries covered in the Robo Advisory market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.





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Table of Contents

1. Executive Summary2. Robo Advisory Market Characteristics3. Robo Advisory Market Trends And Strategies4. Impact Of COVID-19 On Robo Advisory
5. Robo Advisory Market Size And Growth
5.1. Global Robo Advisory Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Robo Advisory Forecast Market, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Direct Plan-Based/Goal-Based
  • Comprehensive Wealth Advisory
6.2. Global Robo Advisory Market, Segmentation By Provider, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Fintech Robo Advisors
  • Banks
  • Traditional Wealth Managers
  • Others
6.3. Global Robo Advisory Market, Segmentation By Business Model, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Pure Robo Advisors
  • Hybrid Robo Advisors
6.4. Global Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Healthcare
  • Education
  • Retail
  • Others

7. Robo Advisory Market Regional And Country Analysis
7.1. Global Robo Advisory Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Robo Advisory Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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
8.2. Asia-Pacific Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Robo Advisory Market
10.1. India Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Robo Advisory Market
11.1. Japan Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Robo Advisory Market
12.1. Australia Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Robo Advisory Market
13.1. Indonesia Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Robo Advisory Market
14.1. South Korea Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Robo Advisory Market
16.1. UK Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Robo Advisory Market
17.1. Germany Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Robo Advisory Market
18.1. France Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Robo Advisory Market
20.1. Russia Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Robo Advisory Market
24.1. Brazil Robo Advisory Market, Segmentation By Service Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Robo Advisory Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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 Market29. Robo Advisory Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Robo Advisory Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global robo advisory market.

This report focuses on robo advisory market which is experiencing strong growth. The report gives a guide to the robo advisory market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • 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 research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • 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 the 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. It places the market within the context of the wider robo advisory market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The robo advisory market section of the report gives context. It compares the robo advisory market with other segments of the robo advisory market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, robo advisory indicators comparison.

Scope


Markets Covered:

1) By Service Type: Direct Plan-Based/Goal-Based; Comprehensive Wealth Advisory
2) By Provider: Fintech Robo Advisors; Banks; Traditional Wealth Managers; Others
3) By Business Model: Pure Robo Advisors; Hybrid Robo Advisors
4) By End User: Healthcare; Education; Retail; Others

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.

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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