Product Code: A01775
According to a new report published by Allied Market Research, titled, "Robo Advisory Market," The robo advisory market was valued at $7.9 billion in 2022, and is estimated to reach $129.5 billion by 2032, growing at a CAGR of 32.5% from 2023 to 2032.
Robo advisors have evolved to offer increasingly personalized investment recommendations. They consider an investor's financial situation, risk appetite, investment goals, and time horizon to construct a customized portfolio. Robo advisors can provide tailored investment strategies compared to traditional one-size-fits-all approaches by leveraging data analytics and algorithms. This personalization appeals to investors who desire customized solutions aligned with their specific financial objectives. In addition, regulatory changes, particularly in the financial services industry, have aimed to enhance transparency and protect investor interests. In several jurisdictions, robo-advisors adhere to strict compliance guidelines, ensuring that they act in the best interests of their clients. These regulations often require robo-advisors to provide clear disclosure of fees, potential conflicts of interest, and the basis for their investment recommendations. Regulatory frameworks have facilitated the growth of the robo advisory market by fostering trust and accountability.
The key factors driving the growth of the robo advisory market trends include rapid digitalization in financial services, shift in preference from traditional investment services for robo advisory services, and personalized investment solutions. However, increase in security concerns and limited adoption among older investors hampers the growth of the robo advisory market. On the contrary, technological innovations in digital investment platforms and rise in adoption of digital platforms and mobile devices are expected to provide lucrative opportunities for the robo advisory market expansion during the forecast period.
The robo advisory market is segmented into business model, provider, service type, end user, and region. By business model, the market is fragmented into pure robo advisors and hybrid robo advisors. By service provider, the market is divided into fintech robo advisors, banks, traditional wealth managers and others. By service type, the market is categorized into direct plan-based/goal-based and comprehensive wealth advisory. By end user, the market is bifurcated into retail investor and high net worth individuals (HNIs). Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the robo advisory market report are Fincite GmbH, Betterment, Charles Schwab & Co., Inc., SigFig Wealth Management, LLC, Social Finance, Inc., Wealthfront Corporation, Wealthify Limited, The Vanguard Group, Inc., Ginmon Vermogensverwaltung GmbH, and Axos Financial, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits for Stakeholders
- The study provides in-depth analysis of the robo advisory market along with current trends and future estimations to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the robo advisory market size are provided in the report.
- The Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the robo advisory market from 2022 to 2032 is provided to determine the market potential.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
- Investment Opportunities
- Market share analysis of players by products/segments
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Service Type
- Direct Plan-based/Goal-based
- Comprehensive Wealth Advisory
By Business Model
- Pure Robo Advisors
- Hybrid Robo Advisors
By Provider
- Fintech Robo Advisors
- Banks
- Traditional Wealth Managers
- Others
By End User
- Retail Investor
- High Net Worth Individuals (HNIs)
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Axos Financial, Inc.
- Betterment
- Charles Schwab & Co., Inc.
- Fincite Gmbh
- Ginmon Vermogensverwaltung GmbH
- SigFig Wealth Management, LLC
- Social Finance, Inc.
- The Vanguard Group, Inc.
- Wealthfront Corporation.
- Wealthify Limited
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. High-to-moderate bargaining power of suppliers
- 3.3.2. High threat of new entrants
- 3.3.3. Moderate-to-high threat of substitutes
- 3.3.4. Moderate-to-low intensity of rivalry
- 3.3.5. High-to-low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Shift in preference from traditional investment services to robo-advisory services
- 3.4.1.2. Rapid digitalization in financial services
- 3.4.1.3. Personalized investment solutions
- 3.4.2. Restraints
- 3.4.2.1. Increase in security concerns
- 3.4.2.2. Limited adoption among older investors
- 3.4.3. Opportunities
- 3.4.3.1. Technological innovations in digital investment platforms
- 3.4.3.2. Growing adoption of digital platforms and mobile devices
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: ROBO ADVISORY MARKET, BY BUSINESS MODEL
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Pure Robo Advisors
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Hybrid Robo Advisors
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: ROBO ADVISORY MARKET, BY PROVIDER
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Fintech Robo Advisors
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Banks
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Traditional Wealth Managers
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: ROBO ADVISORY MARKET, BY SERVICE TYPE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Direct Plan-based/Goal-based
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Comprehensive Wealth Advisory
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: ROBO ADVISORY MARKET, BY END USER
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Retail Investor
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. High Net Worth Individuals (HNIs)
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
CHAPTER 8: ROBO ADVISORY MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key trends and opportunities
- 8.2.2. Market size and forecast, by Business Model
- 8.2.3. Market size and forecast, by Provider
- 8.2.4. Market size and forecast, by Service Type
- 8.2.5. Market size and forecast, by End User
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Key market trends, growth factors and opportunities
- 8.2.6.1.2. Market size and forecast, by Business Model
- 8.2.6.1.3. Market size and forecast, by Provider
- 8.2.6.1.4. Market size and forecast, by Service Type
- 8.2.6.1.5. Market size and forecast, by End User
- 8.2.6.2. Canada
- 8.2.6.2.1. Key market trends, growth factors and opportunities
- 8.2.6.2.2. Market size and forecast, by Business Model
- 8.2.6.2.3. Market size and forecast, by Provider
- 8.2.6.2.4. Market size and forecast, by Service Type
- 8.2.6.2.5. Market size and forecast, by End User
- 8.3. Europe
- 8.3.1. Key trends and opportunities
- 8.3.2. Market size and forecast, by Business Model
- 8.3.3. Market size and forecast, by Provider
- 8.3.4. Market size and forecast, by Service Type
- 8.3.5. Market size and forecast, by End User
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. UK
- 8.3.6.1.1. Key market trends, growth factors and opportunities
- 8.3.6.1.2. Market size and forecast, by Business Model
- 8.3.6.1.3. Market size and forecast, by Provider
- 8.3.6.1.4. Market size and forecast, by Service Type
- 8.3.6.1.5. Market size and forecast, by End User
- 8.3.6.2. Germany
- 8.3.6.2.1. Key market trends, growth factors and opportunities
- 8.3.6.2.2. Market size and forecast, by Business Model
- 8.3.6.2.3. Market size and forecast, by Provider
- 8.3.6.2.4. Market size and forecast, by Service Type
- 8.3.6.2.5. Market size and forecast, by End User
- 8.3.6.3. France
- 8.3.6.3.1. Key market trends, growth factors and opportunities
- 8.3.6.3.2. Market size and forecast, by Business Model
- 8.3.6.3.3. Market size and forecast, by Provider
- 8.3.6.3.4. Market size and forecast, by Service Type
- 8.3.6.3.5. Market size and forecast, by End User
- 8.3.6.4. Italy
- 8.3.6.4.1. Key market trends, growth factors and opportunities
- 8.3.6.4.2. Market size and forecast, by Business Model
- 8.3.6.4.3. Market size and forecast, by Provider
- 8.3.6.4.4. Market size and forecast, by Service Type
- 8.3.6.4.5. Market size and forecast, by End User
- 8.3.6.5. Spain
- 8.3.6.5.1. Key market trends, growth factors and opportunities
- 8.3.6.5.2. Market size and forecast, by Business Model
- 8.3.6.5.3. Market size and forecast, by Provider
- 8.3.6.5.4. Market size and forecast, by Service Type
- 8.3.6.5.5. Market size and forecast, by End User
- 8.3.6.6. Rest of Europe
- 8.3.6.6.1. Key market trends, growth factors and opportunities
- 8.3.6.6.2. Market size and forecast, by Business Model
- 8.3.6.6.3. Market size and forecast, by Provider
- 8.3.6.6.4. Market size and forecast, by Service Type
- 8.3.6.6.5. Market size and forecast, by End User
- 8.4. Asia-Pacific
- 8.4.1. Key trends and opportunities
- 8.4.2. Market size and forecast, by Business Model
- 8.4.3. Market size and forecast, by Provider
- 8.4.4. Market size and forecast, by Service Type
- 8.4.5. Market size and forecast, by End User
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Key market trends, growth factors and opportunities
- 8.4.6.1.2. Market size and forecast, by Business Model
- 8.4.6.1.3. Market size and forecast, by Provider
- 8.4.6.1.4. Market size and forecast, by Service Type
- 8.4.6.1.5. Market size and forecast, by End User
- 8.4.6.2. Japan
- 8.4.6.2.1. Key market trends, growth factors and opportunities
- 8.4.6.2.2. Market size and forecast, by Business Model
- 8.4.6.2.3. Market size and forecast, by Provider
- 8.4.6.2.4. Market size and forecast, by Service Type
- 8.4.6.2.5. Market size and forecast, by End User
- 8.4.6.3. India
- 8.4.6.3.1. Key market trends, growth factors and opportunities
- 8.4.6.3.2. Market size and forecast, by Business Model
- 8.4.6.3.3. Market size and forecast, by Provider
- 8.4.6.3.4. Market size and forecast, by Service Type
- 8.4.6.3.5. Market size and forecast, by End User
- 8.4.6.4. Australia
- 8.4.6.4.1. Key market trends, growth factors and opportunities
- 8.4.6.4.2. Market size and forecast, by Business Model
- 8.4.6.4.3. Market size and forecast, by Provider
- 8.4.6.4.4. Market size and forecast, by Service Type
- 8.4.6.4.5. Market size and forecast, by End User
- 8.4.6.5. South Korea
- 8.4.6.5.1. Key market trends, growth factors and opportunities
- 8.4.6.5.2. Market size and forecast, by Business Model
- 8.4.6.5.3. Market size and forecast, by Provider
- 8.4.6.5.4. Market size and forecast, by Service Type
- 8.4.6.5.5. Market size and forecast, by End User
- 8.4.6.6. Rest of Asia-Pacific
- 8.4.6.6.1. Key market trends, growth factors and opportunities
- 8.4.6.6.2. Market size and forecast, by Business Model
- 8.4.6.6.3. Market size and forecast, by Provider
- 8.4.6.6.4. Market size and forecast, by Service Type
- 8.4.6.6.5. Market size and forecast, by End User
- 8.5. LAMEA
- 8.5.1. Key trends and opportunities
- 8.5.2. Market size and forecast, by Business Model
- 8.5.3. Market size and forecast, by Provider
- 8.5.4. Market size and forecast, by Service Type
- 8.5.5. Market size and forecast, by End User
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Latin America
- 8.5.6.1.1. Key market trends, growth factors and opportunities
- 8.5.6.1.2. Market size and forecast, by Business Model
- 8.5.6.1.3. Market size and forecast, by Provider
- 8.5.6.1.4. Market size and forecast, by Service Type
- 8.5.6.1.5. Market size and forecast, by End User
- 8.5.6.2. Middle East
- 8.5.6.2.1. Key market trends, growth factors and opportunities
- 8.5.6.2.2. Market size and forecast, by Business Model
- 8.5.6.2.3. Market size and forecast, by Provider
- 8.5.6.2.4. Market size and forecast, by Service Type
- 8.5.6.2.5. Market size and forecast, by End User
- 8.5.6.3. Africa
- 8.5.6.3.1. Key market trends, growth factors and opportunities
- 8.5.6.3.2. Market size and forecast, by Business Model
- 8.5.6.3.3. Market size and forecast, by Provider
- 8.5.6.3.4. Market size and forecast, by Service Type
- 8.5.6.3.5. Market size and forecast, by End User
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
- 10.1. Fincite Gmbh
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.2. Betterment
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Key strategic moves and developments
- 10.3. SigFig Wealth Management, LLC
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Key strategic moves and developments
- 10.4. Charles Schwab & Co., Inc.
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.5. Social Finance, Inc.
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.6. Wealthfront Corporation.
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Key strategic moves and developments
- 10.7. Wealthify Limited
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.8. The Vanguard Group, Inc.
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.9. Ginmon Vermogensverwaltung GmbH
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Key strategic moves and developments
- 10.10. Axos Financial, Inc.
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Business performance
- 10.10.7. Key strategic moves and developments