Robo Advisory Market Size, Share Report 2022-2027: Segmentation, Analysis, Growth And Forecast

Published February 13, 2023
According to the latest report by IMARC Group, title “Robo Advisory Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global robo advisory market reached a value of US$ 5.63 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 27.68 Billion by 2027, exhibiting a CAGR of 28.70% during 2022-2027.

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

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Robo Advisory Market Trends:

The inflating popularity of smartphones, laptops, and tablets among the Millennial population for accessing information and communicating is primarily driving the robo advisory market. Additionally, the shifting consumer preferences from traditional investments towards robo advisory, owing to its several beneficial properties, such as tax-loss harvesting, low-cost portfolio, secure investments, judgment based on real-time statistics, etc., which helps in eliminating the credit risks, are further catalyzing the market growth.

Besides this, the rising utilization of robo advisory for executing online surveys to predict goals and acquire information regarding desired return on investments, degree of risk-aversion, the financial status of clients, etc., is acting as another significant growth-inducing factor. Moreover, the increasing integration of artificial intelligence (AI) and machine learning (ML) solutions, on account of the escalating need for automating complex event processing, is anticipated to fuel the robo advisory market over the forecasted period.

Robo Advisory Market
Key Market Segmentation:

The report has segmented the global robo advisory market on the basis of business model, service type, provider, end user and region.

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
Traditional Wealth Managers

Breakup by End User:
Retail Investor
High Net Worth Individuals (HNIs)

Breakup by Geography:

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

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List of Key Companies Covered in this Market Report:

The major players in the market are 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).

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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