Rising Smartphone Penetration Driving Growth Of The Market Due To Increasing Accessibility And Affordability: Powering Innovation and Expansion in the AI-driven Robo-Advisory Market by 2025

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What Is the Expected CAGR for the AI-driven Robo-Advisory Market Through 2025?
In recent years, the market size of the AI-powered robo-advisory sector has seen explosive growth. It is projected to rise from $4.46 billion in 2024 to $6.6 billion in 2025, with a compound annual growth rate (CAGR) of 48.0%. Factors such as a surge in demand for affordable investment advisory services, increasing internet usage, an upsurge in millennial investors comfortable with digital transactions, expansion in financial education initiatives, and a growing trend towards early adoption of automation and rule-based portfolios are all contributing to growth during this historical period.

What's the Projected Size of the Global AI-driven Robo-Advisory Market by 2029?
Expectations suggest a significant escalation in the size of the ai-driven robo-advisory market in the coming years. The projected data indicates a growth surge up to a staggering $31.41 billion by 2029, with a compound annual growth rate (CAGR) of 47.7%. Factors contributing to this projected expansion include AI's increasing sophistication, the growing popularity of hybrid advisory models, the spread of AI-facilitated financial instruments, a surge in the need for tailored financial planning, and an increase in prosperous individuals. Upcoming trends within this timeframe involve the utilization of hybrid advisory models, the merging of generative AI with sophisticated analytics, tailor-made financial wellness platforms, incorporation of natural language processing (NLP), and hyper-personalization using vast data sets.

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Top Growth Drivers in the AI-driven Robo-Advisory Industry: What's Accelerating the Market?
The growth of the AI-driven robo-advisory market is projected to be fueled by the expanding use of smartphones. The term smartphone penetration describes the proportion of the population that owns and utilizes smartphones, indicating a broad embrace and inclusion of mobile technology in daily activities. The surging prevalence of smartphones is primarily facilitated by their growing affordability, fostered by advancements in manufacturing, competitive pricing strategies, and the provision of inexpensive models that extend their accessibility to wider demographics. This facilitates more individuals to leverage mobile connectivity and digital amenities. Smartphones pave the way for individuals to avail AI-focused robo-advisory services at their convenience, providing personalized, real-time financial consultancy and portfolio management support. For instance, as per the February 2024 report by DataReportal, a digital insights platform based in Singapore, within the period starting 2023 to early 2024, there was an increase of 1.8 million mobile connections in Canada, denoting a year-over-year growth rate of 4.7%. Hence, the escalating penetration of smartphones is catalyzing the expansion of the AI-driven robo-advisory market.

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What Trends Will Shape the AI-driven Robo-Advisory Market Through 2029 and Beyond?
Prominent entities in the AI-powered robo-advisory market are concentrating their efforts on heightening technological progress. This includes hybrid advisory models which merge the scalability and efficiency of automated algorithms with the bespoke insights and trust derived from human financial advisors, thereby improving customer interaction and service quality. Hybrid advisory services blend computer-generated advice with human intervention to offer superior and more tailored financial counsel. To illustrate, in February 2022, Kenanga Investment Bank Berhad, a public limited company based in Malaysia, introduced Kenanga Digital Investing (KDI), an entirely automated robo-advisory platform powered by AI. This platform aids in streamlining the investment and savings process for Malaysian consumers. It allows users an opportunity to achieve daily returns on their savings with no lock-in period or management fees, and a promotional fixed interest rate of 3.0% valid through the year's end. Moreover, KDI Invest provides its clientele with the capability to access a diverse range of global investment options via US-listed Exchange Traded Funds, reinforced by some of the industry's most competitive fee structures.

What Are the Main Segments in the AI-driven Robo-Advisory Market?
The AI-driven robo-advisory market covered in this report is segmented -

1) By Type: Pure Robo Advisors, Hybrid Robo Advisors
2) By Service Type: Direct Plan-based Or Goal-based Advisory, Comprehensive Wealth Advisory
3) By Provider: Fintech Robo Advisors, Banks, Traditional Wealth Managers, Other Providers
4) By End User: Retail Investors, High Net Worth Individuals

Subsegment:

1) By Pure Robo Advisors: Direct Plan-Based Advisory, Goal-Based Advisory, Comprehensive Wealth Advisory
2) By Hybrid Robo Advisors: AI-Enhanced Financial Planning, Human-AI Collaborative Advisory, Personalized Investment Solutions with Human Interaction, Goal-Oriented Hybrid Advisory

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Which Top Companies are Driving Growth in the AI-driven Robo-Advisory Market?
Major companies operating in the AI-driven robo-advisory market are Fidelity Investments (FMR LLC), The Charles Schwab Corporation, Ally Financial Inc., The Vanguard Group Inc., Social Finance Inc., Betterment LLC, Wealthsimple Inc., M1 Holdings Inc., Seasia Infotech Pvt. Ltd., Wealthfront Corporation, Nutmeg Saving and Investment Limited, Stash Financial Inc., SigFig Wealth Management LLC, Fincite GmbH, Acorns Grow Incorporated, Bambu Global Pte. Ltd., Personal Capital Corporation, Robo-Wealth Co. Ltd., Empirica Soft sp. z o.o., Ginmon Vermögensverwaltung GmbH

Which Regions Will Dominate the AI-driven Robo-Advisory Market Through 2029?
North America was the largest region in the AI-driven robo-advisory market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AI-driven robo-advisory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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