The Latin America, Middle East and Africa Robo Advisory Market should witness market growth of 34.3% CAGR during the forecast period (2022-2028).
Robo-advisors differentiate themselves by providing an intuitive investing experience with fully digital and online procedures. The challenge with robo-advisory lies in part in the design of the platforms, which limit customization for self-driven shareholders while access to skilled options for investors is often a premium solution. Robo-advisory is a term that was coined in the 1990s to describe computer-generated investment advice.
Robo-advisors are computer programs that offer advice on managing investment portfolios via the use of automated, algorithm-based methods. The consumer is put at the center of these advances, and the technology is built based on what the user wants and needs, which is why these services are designed using customer-centric thinking. This makes the market accessible to a greater number of individuals, which is a technique that is gaining favor among many financial institutions and makes it possible for new opportunities to arise inside the market.
Customers are gravitating toward robo-advice for a variety of compelling reasons. In the first place, this will result in cheaper transaction costs as well as lower required minimum investments. Second, it ensures a more effective and efficient administration of investments. This is because the vast majority of robo-offerings provide portfolio management utilizing algorithmically-based automated investment solutions.
Fintech solutions for healthcare, healthcare verticalization, and alterations in how and where consumers pay for healthcare are all areas of increasing interest. The market is anticipated to be significantly impacted by the expansion of e-commerce, the adoption of digital payments, the increase of investments in blockchain technology, and the implications of COVID-19. Dubai and Bahrain are the most advanced nations in the area in terms of fintech. IBM and Dubai's AI Roadmap cooperated to construct the world's first AI lab.
The Brazil market dominated the LAMEA Robo Advisory Market by Country in 2021; thereby, achieving a market value of $428.1 million by 2028. The Argentina market is showcasing a CAGR of 35% during (2022-2028). Additionally, The UAE market would register a CAGR of 33.9% during (2022-2028).
Based on Provider, the market is segmented into Fintech Robo Advisors, Banks, Traditional Wealth Managers and Others. Based on End-user, the market is segmented into High Net Worth Individuals and Retail Investor. Based on Service Type, the market is segmented into Direct Plan-based/Goal-based and Comprehensive Wealth Advisory. Based on Type, the market is segmented into Hybrid Robo Advisors and Pure Robo Advisors. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wealthify Limited (Aviva plc), The Charles Schwab Corporation, Betterment LLC, Fincite GmbH, Wealthfront Corporation, The Vanguard Group, Inc., Ellevest, Inc., Ginmon Vermögensverwaltung GmbH, SigFig Wealth Management, LLC and Social Finance.
Robo-advisors differentiate themselves by providing an intuitive investing experience with fully digital and online procedures. The challenge with robo-advisory lies in part in the design of the platforms, which limit customization for self-driven shareholders while access to skilled options for investors is often a premium solution. Robo-advisory is a term that was coined in the 1990s to describe computer-generated investment advice.
Robo-advisors are computer programs that offer advice on managing investment portfolios via the use of automated, algorithm-based methods. The consumer is put at the center of these advances, and the technology is built based on what the user wants and needs, which is why these services are designed using customer-centric thinking. This makes the market accessible to a greater number of individuals, which is a technique that is gaining favor among many financial institutions and makes it possible for new opportunities to arise inside the market.
Customers are gravitating toward robo-advice for a variety of compelling reasons. In the first place, this will result in cheaper transaction costs as well as lower required minimum investments. Second, it ensures a more effective and efficient administration of investments. This is because the vast majority of robo-offerings provide portfolio management utilizing algorithmically-based automated investment solutions.
Fintech solutions for healthcare, healthcare verticalization, and alterations in how and where consumers pay for healthcare are all areas of increasing interest. The market is anticipated to be significantly impacted by the expansion of e-commerce, the adoption of digital payments, the increase of investments in blockchain technology, and the implications of COVID-19. Dubai and Bahrain are the most advanced nations in the area in terms of fintech. IBM and Dubai's AI Roadmap cooperated to construct the world's first AI lab.
The Brazil market dominated the LAMEA Robo Advisory Market by Country in 2021; thereby, achieving a market value of $428.1 million by 2028. The Argentina market is showcasing a CAGR of 35% during (2022-2028). Additionally, The UAE market would register a CAGR of 33.9% during (2022-2028).
Based on Provider, the market is segmented into Fintech Robo Advisors, Banks, Traditional Wealth Managers and Others. Based on End-user, the market is segmented into High Net Worth Individuals and Retail Investor. Based on Service Type, the market is segmented into Direct Plan-based/Goal-based and Comprehensive Wealth Advisory. Based on Type, the market is segmented into Hybrid Robo Advisors and Pure Robo Advisors. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wealthify Limited (Aviva plc), The Charles Schwab Corporation, Betterment LLC, Fincite GmbH, Wealthfront Corporation, The Vanguard Group, Inc., Ellevest, Inc., Ginmon Vermögensverwaltung GmbH, SigFig Wealth Management, LLC and Social Finance.
Scope of the Study
By Provider
- Fintech Robo Advisors
- Banks
- Traditional Wealth Managers
- Others
By End-user
- High Net Worth Individuals
- Retail Investor
By Service Type
- Direct Plan-based/Goal-based
- Comprehensive Wealth Advisory
By Type
- Hybrid Robo Advisors
- Pure Robo Advisors
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Wealthify Limited (Aviva plc)
- The Charles Schwab Corporation
- Betterment LLC
- Fincite GmbH
- Wealthfront Corporation
- The Vanguard Group, Inc.
- Ellevest, Inc.
- Ginmon Vermögensverwaltung GmbH
- SigFig Wealth Management, LLC
- Social Finance
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. LAMEA Robo Advisory Market by Provider
Chapter 4. LAMEA Robo Advisory Market by End-user
Chapter 5. LAMEA Robo Advisory Market by Service Type
Chapter 6. LAMEA Robo Advisory Market by Type
Chapter 7. LAMEA Robo Advisory Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Wealthify Limited (Aviva plc)
- The Charles Schwab Corporation
- Betterment LLC
- Fincite GmbH
- Wealthfront Corporation
- The Vanguard Group, Inc.
- Ellevest, Inc.
- Ginmon Vermögensverwaltung GmbH
- SigFig Wealth Management, LLC
- Social Finance
Methodology
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