Robo Advisory Market Size, Scope, And Forecast 2027 | Fincite, Betterment, Charles Schwab & Co., Inc., Ellevest, Ginmon Vermögensverwaltung GmbH

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

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.

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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.

Based on component, the solution segment held the highest market share in 2020, holding more than two-thirds of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the service segment is estimated to register the highest CAGR of 33.3% from 2021 to 2030.

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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.

Top Impacting Factors
Rapid Digitalization in Financial Services
Untapped Potential of Emerging Economies

Based on deployment mode, the on-premise segment held the largest market share in 2020, holding nearly three-fifths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the cloud segment is projected to register the highest CAGR of 34.1% from 2021 to 2030.

Based on region, North America contributed to the highest share in terms of revenue in 2020, holding nearly two-fifths of the global RPA in financial services market, and is estimated to continue its dominant share by 2030. Moreover, Asia-Pacific region is projected to manifest the fastest CAGR of 34.6% during the forecast period. The report also includes LAMEA and Europe.

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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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