At 31.8% CAGR Robo Advisory Market to Reach $41.07 Billion, Globally, By 2027

Allied Market Research published a report, titled, "Robo Advisory Market By Business Model (Pure Robo Advisors and Hybrid Robo Advisors), Service Providers (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". According to the report, the global robo advisory industry garnered $4.51 billion in 2019, and is projected to generate $41.07 billion by 2027, manifesting a CAGR of 31.8% from 2020 to 2027.

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Prime Determinants of Growth

Surge in adoption of advanced technologies, trend of digitization in financial institutions, and favorable government initiatives drive the growth of the global robo advisory market. However, security & compliance issues restrain the market growth. On the contrary, technological innovations and potential in developing countries are expected to provide new opportunities in the coming years.

The Hybrid Robo Advisors Segment to Retain Its Dominance By 2027

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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CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping the global robo advisory market
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Shift in preferences from traditional investment services to Robo Advisory

3.4.2.Restraints

3.4.2.1.Security Concerns

3.4.3.Opportunity

3.4.3.1. echnological innovations in digital investment platforms

3.5.COVID-19 impact analysis on mutual fund assets market

3.5.1.Impact on robo advisory industry
3.5.2.Impact on robo advisor market size
3.5.3.Change in investors trends, preferences, and budget impact due to COVID-19
3.5.4.Framework for solving market challenges faced by robo advisor asset providers & investors
3.5.5.Economic impact on robo advisory service Provider
3.5.6.Key player strategies to tackle negative impact in the industry
3.5.7.Opportunity analysis for robo advisor service providers

CHAPTER 4:ROBO ADVISORY MARKET, BY BUSINESS MODEL

4.1.Overview
4.2.Pure Robo advisors

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Hybrid Robo advisors

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

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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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