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 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Robo Advisory market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Robo Advisory market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis
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“Robo Advisory Market By Business Model, Service Providers, Service Type, and End User: 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.
The global robo advisory market is experiencing significant growth, and is anticipated to grow considerably in next few years. Robo advisors offer online services with respect to investment management. It employs mathematical algorithms to provide financial advice to clients with minimal human intervention. Robo advisors use online questionnaires that obtain information about the clients’ degree of risk-aversion, financial status, and desired return on investment.
Rapid growth of the robo advisory market, owing to continuous increase in adoption of advance technology and digitization in financial organization and growing government initiatives for boosting robo advisory in developing nations such as China and India drives the growth of the market. However, security & compliance concerns are expected to hinder the robo advisory market growth. On the contrary, technological advancements, such as AI integration in digital investment platforms and untapped potential of emerging economies are expected to present major opportunities for the market growth during the forecast period.
Furthermore, robo advisory services offers the comprehensive suite of solutions and services with the help of algorithm calculations that meet with the investors financial goals digitally and provide accessible investment advice. Multiple banks are currently suffering from low client customer satisfaction in these unprecedented times. Robo advisors provides a potential solution to boost these numbers by serving customers in the way they demand.
By end user, the robo advisory market was led by the high net worth individual segment in 2019, and is projected to maintain its dominance during the forecast period. Growing adoption of robo advisor serving the HNIs to manage their monetary assets and to increase their value in the market by reducing loss drives the growth of the market in this segment. However, the retail investor segment is expected to grow at the highest rate during the forecast period, owing to growing adoption of this services among the retail investors to manage and control their portfolio.
Region wise, the robo advisory market size was dominated by North America in 2019, and is expected to retain its position during the forecast period. The major factor that drives the growth of the market in this region includes rise in adoption of robot advisory among the investor and presence of major players such as Betterment and Vanguard. However, Asia-Pacific is expected to witness significant growth rate during the forecast period, owing to increase in adoption of digital technologies across emerging countries and rapid increase in disposable income of the middle-class population.
The outbreak of COVID-19 has positively impacted the growth of the global robo advisory industry. Robo advisory services are increasing in these uncertain times among consumers, owing to its completely virtualized offerings during lockdown situation across countries. For instance, Wealthfront witnessed increase in number of account openings for robo advisory with 68% during the crisis, while from a returns perspective Wealthsimple’s mutual funds have outperformed traditional Canadian funds.
All these factors accelerated the need for digitalization, which is anticipated to provide remunerative opportunity for robo advisors in these crucial period. To be competitive in the market and stop the reduction in assets value, various traditional players are adopting robo advisory for offering efficient financial planning products.
Key Findings of the Study
By business model, the hybrid robo advisors accounted for the robo advisory market share in 2019.
On the basis of service type, the comprehensive generated the highest revenue in 2019.
Depending on service providers, the fintech robo advisors generated the highest revenue in 2019.
Region wise, Asia-Pacific is anticipated to exhibit substantial growth during the forecast period.
The key players profiled in the robo advisory market 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 to increase their market penetration and strengthen their position in the industry.
Key Segments Studied in the Global Robo Advisory Market
Professional Key players: The key players profiled in the robo advisory market 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 to increase their market penetration and strengthen their position in the industry. |
Market Segmentation: |
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 |
Regional Scope: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa |
Segments Covered: Product Types, Applications, End-Users, Regions, Top Companies and more. |
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
covid-19 scenario |
Market Behavior/ Level of Risk and Opportunity |
End Industry Behavior/ Opportunity Assessment |
Expected Industry Recovery Timeline |
Business Impact Horizon |
Opening of Economy by Q3 2020 |
xx |
xx |
xx |
xx |
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 |
xx |
xx |
xx |
xx |
Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:
The research includes the key strategic activities such as R&D plans, M&A completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale.
Key Market Features in COVID-19 Outbreak:
The report highlights market features, including revenue, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, supply & demand, cost bench-marking, market share, CAGR, and gross margin.
Market Highlights & Approach
The report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster speed and why?
Q.3 Which regions will grow at a faster speed and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats of market?
Q.6 What are emerging trends in market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market?
Q.11 What M & A activities have taken place in the last five years in this market?
The Study Explore COVID 19 Outbreak Impact Analysis
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Key Points Covered in Robo Advisory Market Report:
Chapter 1 COVID-19 Outbreak-Global Robo Advisory Market Business Overview
Chapter 2 Major Breakdown by Type
Chapter 3 Major Application Wise Breakdown (Revenue & Volume)
Chapter 4 Manufacture Market Breakdown
Chapter 5 Sales & Estimates Market Study
Chapter 6 Key Manufacturers Production and Sales Market Comparison Breakdown
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Chapter 8 Manufacturers, Deals and Closings Market Evaluation & Aggressiveness
Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type
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Chapter 11 Business / Industry Chain (Value & Supply Chain Analysis)
Chapter 12 Conclusions & Appendix
……..and view more in complete table of Contents
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