KSA Robo-Advisory Market is expected to grow 5x, generating USD ~3.5Bn by 2026F owning to rising digital transformation, emergence of new players and Government Initiatives: Ken Research

Robo-Advisors provides a low-cost alternative to traditional investing, eliminating the human labor, lower overheads with little-to-no minimum investments required making it an attractive market for investors.
With advent of new technology, better algorithms, better user-experience, millennial & Gen-Z adaptation of newer technology, Robo-Advisory market is expected to grow in future.
Banks are expected to take the lead in robo-advisory industry, banks would do well due to cost-effectiveness, trust, ease of movement of money, captive base & larger credibility to give their customer an easy, simple and much better experience.

Government Initiatives: The government is developing regulations to ensure a business environment that fosters both investor confidence and prudent risk management by regulated entities. Financial Sector Development Program, one of the 12 executive programs has been launched by government which is consolidated from Vision 2030, whose goal is to diversify the financial sector and to make it more efficient in order to enable financial institutions to support the private sector. Saudi Arabian Monetary Authority (SAMA) and Capital Market Authority (CMA) unveiled the FinTech Saudi project in April 2018, in accordance with the Saudi Arabia's Vision 2030 to encourage entrepreneurship and develop financial technology (FinTech) infrastructure.

Emergence of New Players: Recently, KSA based Investment Advisory Firm Sarwa acquires a temporary or experimental Fintech license from Saudi's Capital Markets Authority (CMA). The fin-tech startup offers customers an easy way to invest their savings in various low-cost index funds. Another example is of Derayah Capitals which becomes the first bank in the region to launch a Robo-Advisory Investment App, Derayah Smart. This idea came from the interest of the Financial Sector Development Program and Vision 2030 in savings and investment.

Digital Transformation: KSA is racing towards digital transformation, supporting tech innovation and entrepreneurship. The Kingdom is pouring hundreds of billions of dollars into an economic transformation, known as Vision 2030. Recently, Crown Prince Mohammed bin Salman, launched investments worth $6.4 billion in building the future technologies.

Analysts at Ken Research in their latest publication "KSA Robo-Advisory in Wealth Management Market Outlook to 2026F- Driven by influx of AI technology along with growing demand for financial inclusion and affordability in financial planning" by Ken Research observed that KSA Robo Advisory market is in the nascent phase. The With Digital Transformation, Emergence of New Players, Minimal investment and Government Initiatives, are some of the factors that will contribute to the KSA robo-advisory market growth. It is expected that KSA robo-advisory market will grow at a CAGR of ~52% for the 2022-2026F forecasted period.

Key Segments Covered: -

KSA Robo Advisory Market

By Type (by Revenue), 2022 & 2026F

Hybrid Robo Advisors
Pure Robo Advisors

By End-User (by Revenue), 2022 & 2026F

Retail Investor
High Net Worth Individuals

By Age-group (by Revenue), 2022 & 2026F

19-28 years
29-38 years
39-45 years
45+ years

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By Region (by Revenue), 2022 & 2026F

Riyadh
Makkah
Eastern Region
Others

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Key Target Audience: -

Government and Institutions
New Market Entrants
Investors
Wealth Management Companies
Robo-Advisory Companies
Investment Banks
Investors

Time Period Captured in the Report: -

Historical Period: 2019-2021
Base Year: 2022
Forecast Period: 2022 - 2026F

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Companies Covered: -

Abyan Capital
Derayah Capital
Tamra Capital
Haseed

Key Topics Covered in the Report: -

KSA Country Overview
KSA Population Analysis
KSA Wealth Management Market Overview
Ecosystem of KSA Robo-Advisory in Wealth Management Market
Timeline of Major Players in KSA Robo-Advisory in Wealth Management Market
Business Cycle and Genesis of KSA Robo-Advisory in Wealth Management Market
Value Chain Analysis/ Existing Business Model
KSA Robo-Advisory in Wealth Management Market Size
KSA Robo-Advisory in Wealth Management Market Segmentation by Type and End User, 2022
KSA Robo-Advisory in Wealth Management Market Segmentation by Region, 2022
End User Profiling by Age of Customer, 2022
Decision Making Parameters of End Users in KSA Robo-Advisory in Wealth Management Market
Customer Pain Points in KSA Robo-Advisory in Wealth Management Market
Key Factors Influencing Robo-Advisory Services Purchasing Decisions and Cost Components
Porter's Five Forces Analysis of KSA Robo-Advisory in Wealth Management Market
Growth Drivers of KSA Robo-Advisory in Wealth Management Market
Trends and Developments in KSA Robo-Advisory in Wealth Management Market
Issues and Challenges in KSA Robo-Advisory in Wealth Management Market
Government Rules and Regulations in KSA Robo Advisory in Wealth Management Market
Covid-19 Impact on KSA Robo Advisory in Wealth Management Market
Competition scenario of key players based on Revenue, 2022
Cross Comparison of Major Players in KSA Robo-Advisory in Wealth Management Market
Outlook and Future Projections for KSA Robo-Advisory in Wealth Management Market
Analyst Recommendations

For more insights on the market intelligence, refer to below link: -

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/ksa-robo-advisory-in-wealth-management-market-outlook-to-2026/596193-93.html

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