Robo Advisory Market By Business Model (Pure Robo Advisors and Hybrid Robo Advisors), Service Provider (FinTech Robo Advisors, Banks, Traditional Wealth Managers, and Others), Service Type (Direct Plan-Based/Goal-Based and Comprehensive Wealth Advisory), and End User (Retail Investor and High Net Worth Individuals [HNIs]): Global Opportunity Analysis and Industry Forecast, 2020-2027
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The global robo advisory market size was valued at $4.51 billion in 2019, and is projected to reach $41.07 billion by 2027, growing at a CAGR of 31.8% from 2020 to 2027. Robo advisor is a software that helps investors to manage their funds, portfolios, and investments online with less human intervention. It collects all the relevant information such as investment timeline, risk tolerance, and returns with respect to their savings from clients through an online questionnaire.
Competitive Analysis
The key players profiled in the robo advisory market report are Betterment, Blooom, Charles Schwab Corporation, FMR LLC, Personal Capital Corporation, SoFi, SIGFIG, The Vanguard Group Inc., Wealthfront Corporation, and WiseBanyan Inc. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.
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By business model, the hybrid robo-advisors segment accounted for the largest market share, contributing to nearly four-fifths of the global robo advisory market in 2019, and will continue its lead position during the forecast period. Moreover, this segment is expected to register the largest CAGR of 32.6% from 2020 to 2027. This is attributed to increase in international trades & investments and rise in requirements for customized portfolios for funds. The report also discusses the pure robo-advisors segment.
The HNIs Segment to Maintain Its Dominance in Terms of Revenue By 2027
By end user, the HNIs segment contributed to the largest share in 2019, holding around two-thirds of the global robo advisory market, and is projected to maintain its dominance in terms of revenue by 2027. This is due to massive shift toward HNIs from traditional advisory services in developed and developing countries. However, the retail segment is expected to manifest at the fastest CAGR of 33.6% from 2020 to 2027, owing to increase in adoption of automated portfolio management across the globe.
North America to Maintain Its Leadership Status By 2027
By region, North America contributed to the highest market share in 2019, accounting for more than half of the global robo advisory market, and will maintain its leadership status by 2027. This is due to investments in mutual funds or ETFs made through robo advisor software. However, Asia-Pacific is expected to witness the highest CAGR of 34.8% during the forecast period, owing to key market players of the software establishing their presence in the emerging countries including China and India.
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Key Benefits For Stakeholders
The study provides an in-depth analysis of the global robo advisory market forecast along with the current trends and future estimations to elucidate the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on the global robo advisory market size is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the robo advisory market share from 2019 to 2027 is provided to determine the market potential.
Robo Advisory Market Report Highlights
Aspects Details
By Business Model
Pure Robo Advisors
Hybrid Robo Advisors
By Provider
Fintech Robo advisors
Banks
Traditional wealth managers
Others
By Service Type
Direct Plan-Based/Goal-Based
Comprehensive Wealth Advisory
By End User
Retail Investor
High Net Worth Individuals (HNIs)
By Region
North America (U.S., Canada)
Europe (UK, Germany, France, Switzerland, Italy, Spain, REST OF Europe)
Asia-Pacific (China, India, Japan, Australia, Singapore, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
Key Market Players Fincite, Betterment, Charles Schwab & Co., Inc., Ellevest, Ginmon Vermögensverwaltung GmbH, SigFig Wealth Management, Social Finance, Inc., Wealthfront Corporation, Wealthify Limited, THE VANGUARD GROUP,INC.
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