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Robo-advisor Market Size and Regional Outlook Analysis 2023-2030

PRWireCenter - Thu Aug 17, 2023

The Robo-advisor Market Insights of 2023 is an extensive and comprehensive report that provides a complete analysis of the market’s size, shares, revenues, various segments, drivers, trends, growth, and development. The report also highlights the limiting factors and regional industrial presence that may affect the market’s growth trends beyond the forecast period of 2030. The market research aims to obtain a complete understanding of the industry’s potential and to provide insights that will help businesses make informed decisions. The Robo-advisor Market Report is an impressive 124 pages long document that includes a comprehensive table of contents, a list of figures, tables, and charts, as well as extensive analysis.

The report offers valuable insights and strategies that can help businesses navigate the market’s complex landscape and maximize their ROI. It provides an in-depth analysis of the market’s competitive environment, including key players operating within the industry, their market share, and their competitive strategies. The Robo-advisor Market Insights Report also delves into the market’s growth drivers, including market demand, supply, and various technological advancements. It also highlights the constraints that may impact the market’s future growth, such as the technological limitations, regulatory frameworks, and other political factors.

This market report is an essential tool for all stakeholders, whether they are investors, business owners, or researchers looking for the latest market trends and insights. By providing a comprehensive analysis, the report enables businesses to make informed decisions about their future growth strategies. With the Robo-advisor Market Insights 2023, businesses have everything they need to understand the market and develop successful business strategies that will help them thrive in the future.

Highlights from Robo-advisor Market

The latest research study on the global Robo-advisor market finds that the global Robo-advisor market reached a value of USD 4636.99 million in 2022. It’s expected that the market will achieve USD 21878.1 million by 2028, exhibiting a CAGR of 29.51% during the forecast period.

Robo advisor is an automated online wealth management service that helps investors to manage their funds, portfolios, and investments online with less human intervention. The digital platform uses algorithms to manage client portfolios and reduce costs for retail investors by automating investment advisory services at a fraction of traditional asset managers’ fees. Robo advisor makes use of algorithm calculations to analyze the data and provide a comprehensive asset allocation approach that meets the investor’s goals. The Robo advisor industry has recorded continuous investments for its developments and has become a massive contributor to economic growth. Using digital technologies, robot advisors provide digital advice based on input from investors. Based on algorithmic calculations, robot advisors analyze client data such as their financial condition and provide comprehensive asset allocation solutions that meet their future financial goals. Rapid automation of processes and businesses across end-user industries is a major driver of Robo advisor adoption.With an unprecedented COVID-19 health crisis, the Robo-advisor services witnessed growth, owing to surge in adoption of Robo-advisors for efficient wealth and assets management in highly volatile markets during pandemic situation. The COVID-19 pandemic has demonstrated to investors the importance of online services for investment purposes. Clients who previously preferred to speak with a humanoid advisor and even now prefer to visit a bank branch are gradually changing their behavior. This is due to the fact that banks closed their divisions when governments voted for a lockdown. Often, consumers did not expect such a radical move and thus were spending more time on alternative services, which can offer an adequate client experience. The impact of the covid on the Robo-advisor market is positive. Global concerns have grown since the outburst of COVID-19, which, combined with the constant oil-price war, have shook investors around worldwide. Backend benchmarking, which tracks performance by opening portfolios at leading Robo-advisors, found that most digital advisor-managed portfolios performed similarly during market swings. As the coronavirus forces more and more advisers into lockdown mode, the number of users on an online wealth management platform or Robo-advisor in wealth management has doubled. From wealth management companies’ viewpoints, advisors are spending time managerial clients that have been affected by coronavirus impacts – both personally and economically. For Robo-advisors, communication will be slightly different than traditional advisory firms. They will need to lean on digital collaboration tools at their disposal through email, push notifications, and in-app notifications. Innovative tools, such as chat functionality or video conference to connect with a team of advisors, could assist Robo-advisors in providing the human touch required to alleviate clients’ anxieties during difficult times. Betterment and Personal Capital, for example, already provide financial advisor access as part of their premium services.Rise of Robo advisors is expected to drive the growthOne of the most significant changes in FinTech has been the rise of the Robo-advisors. Their growth is primarily due to the fact that they have been able to reach a large segment of the public that does not have access to traditional consulting due to financial constraints, thereby bridging this gap. The financial services industry has been transforming and assisting advisory services in recent years. This revolution occurred at a time when the market was in the highest in history, thanks to the recent technological boom. To ensure that every individual has access to financial advice, new solutions have been added to the industry, which we call robot advising. Robo-advisors have gained the attention of investors and institutions seeking to understand the changing landscape. Nonetheless, despite their rapid growth, robot advisors hold a very small share of the market in comparison to traditional financial advice providers. Robot advisors use computer-based technology to redesign their portfolio management processes, creating a variety of algorithms to optimize clients’ current asset portfolios and tax management. In practice, these “robots” can make trading recommendations in the stock market. Traditional investment advisory services have primarily served institutional clients. Individual investors could not seek assistance in this manner due to the high management costs. Furthermore, millennials are accustomed to reading electronic forms of communication. As a result, robot advisors are accessible to a large portion of the investing public.Lack of expertise and the high initial costsThe lack of expertise and the high initial costs of Robo-advisor are estimated to restrict the market growth in the projected timeframe. Though the market is expected to grow over the forecast period lack of human expertise at almost all the levels can act as a restrain to the market. The security and compliance concerns are also expected to put a restrain on the growth of the market. Furthermore, the issues concerning the size of investments and the depth of expertise required to develop and manage Robo-advisor competencies in an environment with numerous legacy IT systems, and the high initial cost required for it can hinder the growth of the market.

Region Overview: Geographically, United States held the largest market share – 68.34% in 2022.

Who is the largest manufacturers of Robo-advisor Market Worldwide?

  • Acorns GrowInc.
  • FutureAdvisor by BlackRock
  • The Vanguard Group
  • Betterment HoldingsInc.
  • WealthfrontInc.
  • Personal Capital Corporation
  • BlooomInc.
  • M1 Holdings Inc.
  • Charles Schwab Corporation
  • SigFig Wealth ManagementLL

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Why is the Robo-advisor Market Report 2023 Significant?

The world’s economy is always in a state of flux, with changes happening almost every day. One of the ways we can keep track of the changes happening is through comprehensive research reports like the Robo-advisor Market Report. The report provides market data and analysis on the global Robo-advisor market, and covers a research time span from 2018 to 2029. It combines extensive quantitative analysis and exhaustive qualitative analysis, presenting not only an overview of the global market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry.

In this report, the impact of the COVID-19 pandemic is analyzed in detail, along with other critical factors such as macro-economy, regional conflicts, industry news, and policies. The report also covers market investment scenario, technology status and developments, supply chain challenges, among other essential research elements. This comprehensive coverage enables readers to understand the current status and future trends of the Robo-advisor market and its sub-markets in an intuitive way.

The report also includes a competitive landscape analysis, providing insights into prominent players with considerable market shares. With detailed data reflecting the performance of each player shared, readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As we move forward, the world’s economy will continue to shift and evolve, but reports like the Robo-advisor Market Report are essential to helping us understand these changes. This report provides a clear and distinct picture of how the market is distributed from different perspectives, allowing readers to make informed decisions to navigate this ever-changing landscape.

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Robo-advisor Market Research Report Statistics:

ATTRIBUTEDETAILS
MarketRobo-advisor
Growth Rate Value (%)CAGR of 29.51%
Unit and Forecast ValueRevenue in USD 21878.1
Focused IndustryAnalytics
Sample PDF of Report124 pages Available. Request Here
Market SegmentationType, Application, End-User, Region, and More
  • By Type
  • Pure Robo Advisors
  • Hybrid Robo Advisor
  • By Application
  • Retail Investor
  • High Net Worth Individuals (HNI)
  • Other
RegionsUnited States, Europe, China, Japan, India, Southeast Asia, Latin America, Middle East and Africa
Report CoverageRevenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends

Has there been any international intervention to address both the COVID-19 pandemic and the Russia-Ukraine conflict?

As the world grapples with the COVID-19 pandemic, the Robo-advisor market is one of the many industries that has been impacted. The effects of the pandemic have been felt globally, with major market participants and downstream customers all feeling the squeeze. However, a new report sheds some light on what the future may hold for the Robo-advisor market.

The report takes into account multiple factors, including changes in consumer behavior, demand, transport capacity, and trade flow under COVID-19. In addition, the research seeks to contextualize the effects of regional conflict on the market. The report provides valuable insights into the present and future state of the Robo-advisor market.

One of the most notable aspects of the report is its analysis of the impact of the Russia-Ukraine War on the industry. The conflict has undoubtedly had an effect on the market, and the report delves into how this has played out. By providing a nuanced perspective on how the Robo-advisor market has been influenced by both conflict and pandemic, the report provides valuable information to those who are looking to invest in the industry.

Despite the challenges that the Robo-advisor market has faced, the report is optimistic about its future. It predicts that the market will evolve in the years to come, adapting to the new realities brought about by the pandemic and the conflict. By including an analysis of the impact of these events on the market, the report provides valuable insights into how the industry will evolve in the years to come.

In conclusion, the Robo-advisor market has undoubtedly faced significant challenges in recent times. However, the report provides hope for the future, painting a picture of an industry that will adapt and evolve in response to changing circumstances. By shedding light on the impact of both pandemic and conflict, the report provides valuable insights for those who are looking to invest in the Robo-advisor market.

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What questions does the Robo-advisor Market Research/Analysis Report provide answers to?

  • What are the global trends in the Robo-advisor market? Would the market witness an increase or decline in the demand in the coming years?
  • What is the estimated demand for different types of products in Robo-advisor? What are the upcoming industry applications and trends for Robo-advisor market?
  • What Are Projections of Global Robo-advisor Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
  • Where will the strategic developments take the industry in the mid to long-term?
  • What are the factors contributing to the final price of Robo-advisor? What are the raw materials used for Robo-advisor manufacturing?
  • How big is the opportunity for the Robo-advisor market? How will the increasing adoption of Robo-advisor for mining impact the growth rate of the overall market?
  • How much is the global Robo-advisor market worth? What was the value of the market in 2022/2021/2020?
  • Who are the major players operating in the Robo-advisor market? Which companies are the front runners?
  • Which are the recent industry trends that can be implemented to generate additional revenue streams?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Robo-advisor Industry?

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Detailed Table of Contents (TOC) of Global Robo-advisor Market Research Report, 2023-2030:

With tables and figures to help analyze the global Robo-advisor market trends, this study provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

1 Market Definition and Statistical Scope
1.1 Objective of the Study
1.2 Robo-advisor Market Definition
1.3 Market Scope
1.3.1 Market Segmentation by Type, Downstream Industry and Marketing Channel
1.3.2 Major Geographies Covered (North America, Europe, Asia Pacific, Middle East & Africa, Latin America)
1.4 Years Considered for the Study
1.5 Currency Considered (U.S. Dollar)
1.6 Stakeholders

2 Research Findings and Conclusion

3 Key Companies Profile
3.1 Competitive Profile
3.1.1 Global Sales and Market Share by Companies
3.1.2 Global Revenue and Market Share by Companies

4 Global Robo-advisor Market Segmented by Type
4.1 Global Sales, Revenue and Growth Rate by Type 2018-2023

5 Global Robo-advisor Market Segmented by Downstream Industry
5.1 Global Sales, Revenue and Growth Rate by Downstream Industry 2018-2023

6 Robo-advisor Industry Chain Analysis
6.1 Value Chain Status
6.2 Upstream Raw Material Analysis
6.3 Midstream Major Company Analysis (by Manufacturing Base, by Product Type)
6.4 Distributors/Traders
6.5 Downstream Major Customer Analysis (by Region)
6.6 Value Chain Under Regional Conflicts

7 The Development and Dynamics of Robo-advisor Market
7.1 Driving Factors of the Market
7.2 Factors Challenging the Market
7.3 Opportunities of the Global Robo-advisor Market (Regions, Growing/Emerging Downstream Market Analysis)
7.4 Technology Status and Developments
7.5 Industry News
7.6 Market Investment Scenario Strategic Recommendations
7.7 COVID-19 Impact on Robo-advisor Industry
7.7.1 Business Impact Assessment – Covid-19
7.7.2 Supply Chain Challenges
7.7.3 Market Trends and Potential Opportunities in the COVID-19 Landscape
7.8 Industry SWOT Analysis

8 Global Robo-advisor Market Segmented by Geography
8.1 Global Revenue and Market Share by Region 2018-2023
8.2 Global Sales and Market Share by Region 2018-2023

9 North America
9.1 North America Sales, Price, Revenue, Gross Margin and Gross Analysis from 2018-2023
9.2 North America Sales Analysis from 2018-2023
9.3 North America Import and Export from 2018-2023
9.4 North America Market by Country
9.4.1 North America Sales by Country (2018-2023)
9.4.2 North America Revenue by Country (2018-2023)
9.4.3 United States Sales and Growth (2018-2023)
9.4.4 Canada Sales and Growth (2018-2023)

10 Europe
10.1 Europe Sales, Price, Revenue, Gross Margin and Gross Analysis from 2018-2023
10.2 Europe Sales Analysis from 2018-2023
10.3 Europe Import and Export from 2018-2023
10.4 Europe Market by Country
10.4.1 Europe Sales by Country (2018-2023)
10.4.2 Europe Revenue by Country (2018-2023)
10.4.3 Germany Sales and Growth (2018-2023)
10.4.4 UK Sales and Growth (2018-2023)
10.4.5 France Sales and Growth (2018-2023)
10.4.6 Italy Sales and Growth (2018-2023)
10.4.7 Spain Sales and Growth (2018-2023)
10.4.8 Russia Sales and Growth (2018-2023)
10.4.9 Netherlands Sales and Growth (2018-2023)
10.4.10 Turkey Sales and Growth (2018-2023)
10.4.11 Switzerland Sales and Growth (2018-2023)
10.4.12 Sweden Sales and Growth (2018-2023)

11 Asia Pacific
12 Latin America
13 Middle East & Africa

14. Global Robo-advisor Market Forecast by Geography, Type, and Downstream Industry
14.1 Forecast of the Global Market from 2023-2029 by Region
14.2 Global Sales and Growth Rate Forecast by Type (2023-2029)
14.3 Global Sales and Growth Rate Forecast by Downstream Industry (2023-2029)
14.4 Market Forecast Under COVID-19

15 Appendix
15.1 Methodology
15.2 Research Data Source

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What are the Drivers, Restraints, and Research Methodology used in this study?

The research report provides an analysis of the various factors driving the market’s growth. The factors that impede market growth are fundamental because they create different curves to seize opportunities in emerging markets. Data collection and analysis for the base year were carried out using a large sample data collection module. The main research methodologies are data mining, data triangulation, including analysis of the impact of variable data on the market, and initial validation (industry experts). Separately, the data model includes a supplier positioning grid, market timeline analysis, market overview and leadership, company positioning grid, company market share analysis, metrics, top-down analysis, and supplier engagement analysis.

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