Press release
Smart Advisor Market on Track for Strong Growth, Estimated to Grow at 19.8% CAGR Through 2029
Smart Advisor Market
What Is the Expected CAGR for the Smart Advisor Market Through 2025?
The intelligent advisor market has experienced exponential growth in the prior years. It's projected to escalate from a value of $5.59 billion in 2024 to about $6.68 billion in 2025, boasting a compound annual growth rate (CAGR) of 19.5%. Factors contributing to this progress in the historical timeframe include the escalating utilization of artificial intelligence, the emergence of machine learning algorithms, an increased preference for chatbots, the broadened use of voice assistants, the surge in personalized customer experiences, and the growing traction for mobile-centric solutions.
What's the Projected Size of the Global Smart Advisor Market by 2029?
In the coming years, projections anticipate swift expansion in the smart advisor market size, with an estimated value of $13.74 billion by 2029 and a compounding annual growth rate of 19.8%. Factors contributing to this anticipated growth over the forecast period include enhanced demand for automated customer service, increased funding in AI-facilitated technologies, widespread use of virtual assistants in the healthcare sector, the proliferation of smart home integration, an escalated need for round-the-clock customer support solutions, and an increasing application of predictive analytics. The forecast period is also predicted to witness major trends like merging AI with augmented and virtual reality, the extension of AI-dependent voice commerce, adoption of AI-enabled smart advisors by small and medium businesses, incorporation of AI smart advisors into wearable devices, and the creation of AI smart advisors dedicated to elderly care.
View the full report here:
https://www.thebusinessresearchcompany.com/report/smart-advisor-global-market-report
Top Growth Drivers in the Smart Advisor Industry: What's Accelerating the Market?
The smart advisor market is predicted to experience significant growth due to the increasing expansion of cloud computing and SaaS platforms. These services enable on-demand access to commonly used computing resources through the internet. They offer software applications on a subscription basis via the cloud. The industry's increasing need for cost-effective, scalable, and flexible IT infrastructure is fueling the growth of cloud computing and SaaS platforms. By providing insightful, data-driven intelligence, Smart Advisor improves the functionality of these cloud-based platforms, leading to enhanced performance, scalability, and user interaction. For instance, Eurostat, an intergovernmental organization based in Europe, reported that in December 2023, the adoption of cloud computing services by EU enterprises had risen by 4.2 percentage points from 2021, reaching 45.2%. As a result, the proliferation of cloud computing and SaaS platforms is directly contributing to the growth of the smart advisor market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=21574&type=smp
What Trends Will Shape the Smart Advisor Market Through 2029 and Beyond?
Leading corporations in the smart advisor market are concentrating on incorporating artificial intelligence and machine learning technologies, such as AI-oriented financial advisors, to deliver customized financial advice to improve decision-making processes and enhance client portfolios. AI-operated financial advisors offer individualized investment guidance and financial management solutions that boost customer engagement and improve portfolio performance, leveraging sophisticated data analysis and automation. For instance, Mool.ai, a fintech firm from India, unveiled a Birbal, an AI-managed financial advisor in July 2024 that provides custom-tailored financial guidance using generative AI, adjusting recommendations according to each user's unique financial condition. It streamlines expense tracking by merging several bank accounts, allowing users to efficiently oversee their expenditure patterns. Additionally, it provides zero-commission investing, permitting direct investments in handpicked portfolios free of charge.
What Are the Main Segments in the Smart Advisor Market?
The smart advisormarket covered in this report is segmented -
1) By Component: Software, Services
2) By Application: Websites, Social Media, Mobile Platform, Contact Centers
3) By End Use Industry: Banking, Financial Services, and Insurance (BFSI), Healthcare, Retail And E Commerce, Consumer Electronics, Education, Government, Hospitality, Other End User Industries
Subsegments:
1) By Software: AI-Based Smart Advisor Software, Virtual Assistant Software, Chatbot Software, Predictive Analytics Software
2) By Services: Smart Advisor Implementation Services, Smart Advisor Maintenance And Support Services, Smart Advisor Consulting Services, Integration Services
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=21574&type=smp
Which Top Companies are Driving Growth in the Smart Advisor Market?
Major companies operating in the smart advisor market are Microsoft Corporation, accenture* plc, International Business Machines Corporation, SAP SE, Salesforce.com Inc., Amazon Web Services Inc., Broadridge Financial Solutions Inc., Hexagon AB, Genesys Telecommunications Laboratories Inc., Pega Systems Inc., Verint Systems Inc., Inbenta Technologies Inc., Kore.ai Inc., Gupshup Technologies India Pvt. Ltd., 24/7 Customer Inc., Ada Support Inc., LivePerson Inc., Creative Virtual Pvt. Ltd., Tidio LLC, Haptik AI, eGain Corporation, Rasa Technologies Inc., Netformx Inc., Solvvy Inc.
Which Regions Will Dominate the Smart Advisor Market Through 2029?
North America was the largest region in the smart advisor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart advisor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=21574
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Advisor Market on Track for Strong Growth, Estimated to Grow at 19.8% CAGR Through 2029 here
News-ID: 4245914 • Views: …
More Releases from The Business Research Company
Segmentation, Major Trends, and Competitive Overview of the Space Resource Utili …
The exploration and utilization of space resources is rapidly evolving into a promising sector with vast potential for growth and innovation. As technology advances and partnerships form, the industry is set to transform how humanity accesses and uses materials beyond Earth, paving the way for sustainable off-world operations and broader space exploration.
Projected Market Growth for Space Resource Utilization
The space resource utilization industry is anticipated to experience significant expansion over…
Market Trend Analysis: The Impact of Recent Advances on the Space Law Enforcemen …
The growing complexity and activity in outer space have brought increased attention to the need for effective space law enforcement. As the number of satellites and space missions rises, managing space traffic and ensuring compliance with regulations becomes critical. This overview explores the future outlook, driving factors, major players, and structural breakdown of the space law enforcement market as it progresses toward 2030.
Expected Growth Trajectory of the Space Law Enforcement…
Market Structure, Emerging Trends, and Key Player Analysis in Space Elevator Ope …
The concept of space elevators is rapidly moving from science fiction to a tangible future technology, promising revolutionary changes in how we access and utilize space. As interest and investment in this area grow, the market for space elevator operations is set to expand significantly. Below is an overview of the forecasted market size, key players, emerging trends, and the segmentation of this exciting industry.
Projected Market Growth of Space Elevator…
Competitive Analysis: Leading Companies and New Entrants in the Space Currency a …
The emerging space currency and economy sector is poised for remarkable expansion as humanity's ventures beyond Earth gain momentum. With innovations in financial technologies tailored for the unique challenges of space commerce, this market is set to transform how transactions and economic activities unfold across orbital and interplanetary environments. Let's explore the projected growth, key players, market drivers, evolving trends, and the detailed segmentation shaping this futuristic industry.
Projected Market Size…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
