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Robo Advisory Market Report by Business Model, Service Type, Provider, End User, and Region 2024-2032

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    Report

  • 139 Pages
  • July 2024
  • Region: Global
  • IMARC Group
  • ID: 5578100
Description Jump to:
The global robo advisory market size reached US$ 9.4 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 76.2 Billion by 2032, exhibiting a growth rate (CAGR) of 26.2% during 2023-2032.

Robo advisory refers to a class of digital platforms that provide algorithm-driven and automated financial advice to wealth management organizations. It aids in automating portfolio administration software, performing complicated tasks, customizing online investments, and managing funds with minimal human intervention. This, in turn, assists in targeting new clients, enhancing workflow, and adjusting custom online investments to achieve long-term financial goals or short-term investment strategies. At present, robo advisory is commercially available in varying service types, such as direct plan-based, goal-based, and comprehensive health advisory.

Robo Advisory Market Trends:

The widespread adoption of Robo Advisory across various industrial verticals, retail and high net worth individuals (HNIs) for performing algorithmic calculations to analyze data and deliver comprehensive information is majority driving the market toward growth. This is further supported by the shifting inclination of consumers toward robo advisory over traditional investments on account of its several beneficial properties, such as low-cost portfolio, tax-loss harvesting, secure investments, judgement based on real-time statistics, which, in turn, assists in eliminating the credit risks. In line with this, the increasing need for automating complex event processing has led to significant technological advancements, such as the large-scale integration of artificial intelligence (AI) and machine learning (ML) solutions, which is aiding in minimizing the errors caused by human interventions. This, in turn, is acting as another major growth-inducing factor. Additionally, the extensive utilization of robo advisory for executing online surveys to predict investor preferences, risks and goals, and acquire information regarding the financial status of the client, degree of risk-aversion, and desired return on investments is further contributing to the market growth. Apart from this, the rising popularity of smartphones, laptops, and tablets amongst millennials for accessing information and communicating is further creating a positive outlook for the market across the globe.

Key Market Segmentation:

The report provides an analysis of the key trends in each sub-segment of the global robo advisory market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on business model, service type, provider and end user.

Breakup by Business Model:

Pure Robo Advisors
Hybrid Robo Advisors

Breakup by Service Type:

Direct Plan-Based/Goal-Based
Comprehensive Wealth Advisory

Breakup by Provider:

Fintech Robo Advisors
Banks
Traditional Wealth Managers
Others

Breakup by End User:

Retail Investor
High Net Worth Individuals (HNIs)

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Betterment, Ellevest, Fincite Gmbh, Ginmon Vermögensverwaltung GmbH, SigFig Wealth Management LLC, SoFi Technologies Inc., The Charles Schwab Corporation, The Vanguard Group Inc., Wealthfront Corporation and Wealthify Limited (Aviva plc).

Key Questions Answered in This Report

1. What was the size of the global robo advisory market in 2023?
2. What is the expected growth rate of the global robo advisory market during 2024-2032?
3. What are the key factors driving the global robo advisory market?
4. What has been the impact of COVID-19 on the global robo advisory market?
5. What is the breakup of the global robo advisory market based on the business model?
6. What is the breakup of the global robo advisory market based on the service type?
7. What is the breakup of the global robo advisory market based on the provider?
8. What is the breakup of the global robo advisory market based on the end user?
9. What are the key regions in the global robo advisory market?
10. Who are the key players/companies in the global robo advisory market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Robo Advisory Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Business Model
6.1 Pure Robo Advisors
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hybrid Robo Advisors
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Service Type
7.1 Direct Plan-Based/Goal-Based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Comprehensive Wealth Advisory
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Provider
8.1 Fintech Robo Advisors
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Banks
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Traditional Wealth Managers
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by End User
9.1 Retail Investor
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 High Net Worth Individuals (HNIs)
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Betterment
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Ellevest
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Fincite Gmbh
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Ginmon Vermögensverwaltung GmbH
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 SigFig Wealth Management LLC
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 SoFi Technologies Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 The Charles Schwab Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 The Vanguard Group Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Wealthfront Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Wealthify Limited (Aviva plc)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
List of Figures
Figure 1: Global: Robo Advisory Market: Major Drivers and Challenges
Figure 2: Global: Robo Advisory Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Robo Advisory Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Robo Advisory Market: Breakup by Business Model (in %), 2023
Figure 5: Global: Robo Advisory Market: Breakup by Service Type (in %), 2023
Figure 6: Global: Robo Advisory Market: Breakup by Provider (in %), 2023
Figure 7: Global: Robo Advisory Market: Breakup by End User (in %), 2023
Figure 8: Global: Robo Advisory Market: Breakup by Region (in %), 2023
Figure 9: Global: Robo Advisory (Pure Robo Advisors) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Robo Advisory (Pure Robo Advisors) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Robo Advisory (Hybrid Robo Advisors) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Robo Advisory (Hybrid Robo Advisors) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Robo Advisory (Direct Plan-Based/Goal-Based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Robo Advisory (Direct Plan-Based/Goal-Based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Robo Advisory (Comprehensive Wealth Advisory) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Robo Advisory (Comprehensive Wealth Advisory) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Robo Advisory (Fintech Robo Advisors) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Robo Advisory (Fintech Robo Advisors) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Robo Advisory (Banks) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Robo Advisory (Banks) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Robo Advisory (Traditional Wealth Managers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Robo Advisory (Traditional Wealth Managers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Robo Advisory (Other Providers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Robo Advisory (Other Providers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Robo Advisory (Retail Investor) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Robo Advisory (Retail Investor) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Robo Advisory (High Net Worth Individuals-HNIs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Robo Advisory (High Net Worth Individuals-HNIs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: North America: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: North America: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: United States: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: United States: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Canada: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Canada: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Asia-Pacific: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Asia-Pacific: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: China: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: China: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Japan: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Japan: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: India: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: India: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: South Korea: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: South Korea: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Australia: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Australia: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Indonesia: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Indonesia: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Others: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Others: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Europe: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Europe: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Germany: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Germany: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: France: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: France: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: United Kingdom: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: United Kingdom: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Italy: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Italy: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Spain: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Spain: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Russia: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Russia: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Others: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Others: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Latin America: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Latin America: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Brazil: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Brazil: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Mexico: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Mexico: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Others: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Others: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Middle East and Africa: Robo Advisory Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Middle East and Africa: Robo Advisory Market: Breakup by Country (in %), 2023
Figure 77: Middle East and Africa: Robo Advisory Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Global: Robo Advisory Industry: SWOT Analysis
Figure 79: Global: Robo Advisory Industry: Value Chain Analysis
Figure 80: Global: Robo Advisory Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Robo Advisory Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Robo Advisory Market Forecast: Breakup by Business Model (in Million US$), 2024-2032
Table 3: Global: Robo Advisory Market Forecast: Breakup by Service Type (in Million US$), 2024-2032
Table 4: Global: Robo Advisory Market Forecast: Breakup by Provider (in Million US$), 2024-2032
Table 5: Global: Robo Advisory Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: Robo Advisory Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Robo Advisory Market: Competitive Structure
Table 8: Global: Robo Advisory Market: Key Players

Companies Mentioned

  • Betterment
  • Ellevest
  • Fincite Gmbh
  • Ginmon Vermögensverwaltung GmbH
  • SigFig Wealth Management LLC
  • SoFi Technologies Inc.
  • The Charles Schwab Corporation
  • The Vanguard Group Inc.
  • Wealthfront Corporation
  • Wealthify Limited (Aviva plc).

Methodology

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Table Information

Report AttributeDetails
No. of Pages139
PublishedJuly 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 9.4 Billion
Forecasted Market Value ( USD ) by 2032 $ 76.2 Billion
Compound Annual Growth Rate26.2%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Robo Advisory Market

Robo Advisory is a form of Wealth Management that uses automated algorithms to provide financial advice and portfolio management services to clients. It is a relatively new form of investing, and has become increasingly popular in recent years due to its low cost and convenience. Robo Advisors use computer algorithms to analyze a client's financial situation and provide tailored advice and portfolio management services. This advice is based on the client's risk tolerance, investment goals, and other factors. Robo Advisors also provide clients with access to a wide range of investments, including stocks, bonds, mutual funds, and ETFs. Robo Advisors are becoming increasingly popular as they provide a convenient and cost-effective way for investors to manage their portfolios. They are also able to provide personalized advice and portfolio management services to clients, which can be beneficial for those who are new to investing or who lack the time or expertise to manage their own portfolios. Some companies in the Robo Advisory market include Betterment, Wealthfront, Ellevest, SoFi Invest, and Acorns. Show Less Read more

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