Robo Advisory Market Size, Share, Growth & Report 2023-2028

 Robo Advisory Market Overview 2023-2028

The global robo advisory market size reached US$ 7.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.6 Billion by 2028, exhibiting a growth rate (CAGR) of 28.4% during 2023-2028

Robo advisory refers to a digital investment platform that relies on algorithms and automation to provide financial advice and investment management services to clients. It combines technology and financial expertise to deliver personalized investment recommendations and portfolio management without the need for direct human intervention. It analyzes and recommends a suitable investment portfolio to individuals according to an online questionnaire that assesses their financial goals, risk tolerance, and investment preferences. It offers convenience and efficiency through a streamlined digital experience and automated processes, allowing clients to monitor and manage their investments online.

Robo Advisory Market Trends and Drivers:

At present, the increasing demand for robo advisory, as it eliminates the need for in-person consultations, and reducesing fees and minimum investment requirements compared to traditional financial advisory services, represents one of the key factors supporting the growth of the market. In addition, the growing demand for robo advisory services among tech-savvy millennials, young professionals, and investors seeking a more hands-off approach to investment management is positively influencing the market. Moreover, various benefits offered by robo advisory, such as tax-loss harvesting, low-cost portfolio, better decision-making, safe and secure investments, and elimination of credit risks, are strengthening the growth of the market. Besides this, the rising utilization of artificial intelligence (AI) and machine learning (ML) in various industry verticals is bolstering the growth of the market.

Global Robo Advisory Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report 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).

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

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

·      Banks

·      Traditional Wealth Managers

·      Others

Breakup by End User:

·      Retail Investor

·      High Net Worth Individuals (HNIs)

Breakup by Region:

·      North America

o   United States

o   Canada

·      Asia-Pacific

o   China

o   Japan

o   India

o   South Korea

o   Australia

o   Indonesia

o   Others

·      Europe

o   Germany

o   France

o   United Kingdom

o   Italy

o   Spain

o   Russia

o   Others

·      Latin America

o   Brazil

o   Mexico

o   Others

·      Middle East and Africa

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

 If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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