Global Robo Advisory Market Size, Share, Growth Analysis, By Type(Pure Robo Advisors, Hybrid Robo Advisors), By Provider(Fintech Robo Advisors, Banks), By Service Type(Direct Plan-based/Goal-based, Comprehensive Wealth Advisory), By End User(Retail Investor, High Net Worth Individuals) - Industry Forecast 2024-2031

Report ID: SQMIG45E2136 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 115 | Figures: 77

Global Robo Advisory Market Dynamics

Drivers

Accessibility

Robo-advisory platforms are easily accessible to a wide range of investors. They provide user-friendly interfaces and require lower minimum investment amounts, enabling individuals with limited funds to participate in the market.

Restraints

Lack of Human Interaction

While some investors appreciate the convenience of automated services, others prefer a human touch and value the ability to discuss their investments with a financial advisor. Robo-advisory platforms may not adequately address the emotional or complex financial needs of certain individuals.

Global Robo Advisory Market Report Snapshots

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FAQs

Global Robo Advisory Market size was valued at USD 4.13 billion in 2021 and is poised to grow from USD 5.22 billion in 2022 to USD 41.83 billion by 2030, growing at a CAGR of 29.7% in the forecast period (2023-2030).

The market is a very competitive one, with a number of significant companies. Market leaders put a strong emphasis on expansion tactics including partnerships, mergers, & acquisitions to increase their position on the worldwide market. Through this partnership, Vanguard Group, Inc. is now able to offer straightforward wealth management and investment advising services to retail clients in China. 'Betterment', 'Wealthfront', 'Charles Schwab Intelligent Portfolios', 'Vanguard Personal Advisor Services', 'Acorns', 'SigFig Wealth Management', 'Ellevest', 'SoFi Invest', 'Nutmeg', 'Personal Capital', 'WiseBanyan', 'FutureAdvisor (a BlackRock company)', 'TD Ameritrade Essential Portfolios', 'M1 Finance', 'E*TRADE Core Portfolios', 'Robinhood', 'Fidelity Go', 'Stash Invest', 'Scalable Capital', 'Moneyfarm'

Robo-advisory platforms are easily accessible to a wide range of investors. They provide user-friendly interfaces and require lower minimum investment amounts, enabling individuals with limited funds to participate in the market.

The robo-advisory market is expected to continue its growth trajectory, driven by increasing investor awareness, technological advancements, and a shift towards digital financial services. The adoption of robo-advisory platforms is expected to expand across various investor segments.

North America dominated the market with over 29.0% of the share. The emergence of various illustrious companies, such as Betterment, the Vanguard Group, Inc., and others, is expected to lead to an expansion of the US robo advising business. The Vanguard Group, Inc., for example, heralded the arrival of robo-advice. The company asserts that with the service's debut, human input would no longer be necessary, reducing errors and facilitating quick calculations.

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Global Robo Advisory Market Dynamics

Global Robo Advisory Market Report Snapshots

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