Overview:

The global robo advisor market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Robo advisor is a type of financial advisor that provides online or digital services with minimal human intervention. It works on mathematical algorithms that are designed by data scientist or financial advisors. It is coded software that offers various features to make investment decisions.

Market Dynamics:

Rising demand from millennial for robo advisory services is a key factor driving growth of the global robo advisor market. Early exposure to internet, smartphone, automation technologies, and social media makes millennial the first generation who have grown up in the hyper-digital world. A shift on digital platforms for various services such as food ordering, cab booking, shopping, etc. has been observed from millennial globally. Moreover, increased smartphone adoption and rising penetration of high speed internet is another factor propelling adoption of digital services among the generation.

In addition, automation and digitalization technologies are disrupting every sector, and financial or stock market is no exception. Robo-advisors aids in automation of investment services focused on finance management and investment planning, which is another major factor propelling growth of the global robo advisor market across the globe.

Key Trends:

Geographic expansion by key players to cater to international customers is one of the key trends observed in the global robo advisor market, which is expected to drive the market growth during the forecast period is a key trend observed in the global market. For instance, in July 2020, Scripbox Advisors Private Limited expanded its operations internationally in UAE and Singapore markets to offer its services to NRI’s.

Regional Analysis:

For detailed understanding of market dynamics, the global robo advisor market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America market is accounted for highest revenue share in 2019 and is expected to maintain its dominance over the forecast period. This is attributed to presence of key market players coupled with high consumer awareness in countries in the region. Additionally, strong presence of high net worth individuals in countries in the region is a key factor driving the market growth.

The market in Asia Pacific region is expected to witness highest growth in the global market, followed by the market in Middle East & Africa over the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Robo Advisor Market, By Type:

• Fully Automatic
• Hybrid

Global Robo Advisor Market, By Investor Type:

• Retail/ Mass Investors
• Affluent Investors
• HNI & UHNI

Key Players Covered:

Key players operating in the global robo advisor market includes Charles Schwab, Wealthfront Corporation, Betterment LLC, Scalable Capital Vermögensverwaltung GmbH, ETFmatic, True Wealth AG, Zurich, Nutmeg Saving and Investment Limited, Growney Gmbh, Wealth Horizon, and Napkin Finance.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Robo Advisor Market by type, investor type, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global robo advisor market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.