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Robo Advisory Market Size, Share & Trends Analysis Report By Type (Pure Robo Advisors, Hybrid Robo Advisors), By Provider, By Service Type, By End-use, By Region, And Segment Forecasts, 2022 - 2030

August 2022 | 130 pages | ID: R170A210F01CEN
Grand View Research, Inc.

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Robo Advisory Market Growth & Trends

The global robo advisory market size is expected to reach USD 41.83 billion by 2030, growing at a CAGR of 29.7% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The growing use of smartphones coupled with the increased applications of chatbots on various investment and e-commerce platforms worldwide is anticipated to drive the demand for robo advisory during the projected period. In addition, the increasing awareness of digital investment consultation services is expected to drive market growth during the forecast period.

Robo-advisory includes algorithm and automated driven financial planning with little human involvement. Additionally, through an online survey, the robo-advisor gathers financial information from clients, such as their current financial position and future financial goals. Furthermore, using this information, robo advisors offer clients certain benefits such as quick account setup, portfolio management, and security features. Such factors are anticipated to drive the market in the near future.

Numerous emerging economies are encouraging regional players to improve their testing and research into robo-advisory services. Such initiatives are also expected to stimulate market growth. For instance, in August 2019, the Saudi Capital Market Authority (CMA) gave Haseed Investing Company and Wahed Capital authorization to test their robo-advisory services. This strategy is to promote the use of financial technology in the Arab market.

The pandemic has contributed positively to the market growth, thereby driving the demand for robo advisors in the near future. Several businesses have reported increased digital consulting activity in the first quarter of 2020. For instance, in April 2021, Betterment reported an increase in account openings by over 25% due to the COVID-19 pandemic These factors are expected to fuel the market growth during the forecast period.

Robo Advisory Market Report Highlights
  • The pure robo advisors’ segment is expected to witness the fastest growth during the forecast period owing to minimal human intervention offered by pure robo advisors.
  • The banks segment is expected to witness the fastest growth during the forecast period. The growth of the segment can be attributed to the increasing digitalization across the banking sector, which is further expected to drive the demand for robo advisors in banks.
  • The comprehensive wealth advisory segment is expected to witness the fastest growth during the projected period. The ability of comprehensive wealth advisory to cater to investment consultation inclusion at reasonable costs is propelling the segment growth.
  • The High Net Worth Individuals (HNWIs) segment dominated the market in 2021. The dominance can be attributed to the increasing adoption of robo advisory by the HNWIs to save time and increasing investment returns. Hence, HNIWs are inclined towards adopting robo advisors.
  • The Asia Pacific regional market is expected to witness the fastest growth during the forecast period. The regional growth is attributable due to the rising internet penetration and the swift uptake of new technologies.
CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Robo Advisory Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
2.2 Global Robo Advisory Market, 2017 - 2030
  2.2.1 Global robo advisory market, by region, 2017 - 2030
  2.2.2 Global robo advisory market, by type, 2017 - 2030
  2.2.3 Global robo advisory market, by provider, 2017 - 2030
  2.2.4 Global robo advisory market, by service type, 2017 - 2030
  2.2.5 Global robo advisory market, by end user, 2017 - 2030

CHAPTER 3 ROBO ADVISORY INDUSTRY OUTLOOK

3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Robo Advisory Market - Value Chain Analysis
3.4 Robo Advisory Market - Market Dynamics
  3.4.1 Market driver analysis
    3.4.1.1 Increasing digitalization across the globe
    3.4.1.2 Rising technological advancements
  3.4.2 Market challenge analysis
    3.4.2.1 Limited flexibility offered by robo advisors
3.5 Penetration and Growth Prospect Mapping
3.6 Robo Advisory Market - Porter’s Five Forces Analysis
3.7 Robo Advisory Market - PESTEL Analysis

CHAPTER 4 INVESTMENT LANDSCAPE ANALYSIS

4.1 Investor Strategies
4.2 Investor Vision & Goal Analysis
4.3 Funding Raised in Voice Assistant Devices
4.4 Investments Made in Self-checkout Stores

CHAPTER 5 ROBO ADVISORY TYPE OUTLOOK

5.1 Robo Advisory Market Share By Type, 2021
5.2 Pure Robo Advisors
  5.2.1 Pure Robo Advisors in robo advisory market, 2017 - 2030
5.3 Hybrid Robo Advisors
  5.3.1 Hybrid Robo Advisors in robo advisory market, 2017 - 2030

CHAPTER 6 ROBO ADVISORY PROVIDER OUTLOOK

6.1 Robo Advisory Market Share By Provider, 2021
6.2 Fintech Robo Advisors
  6.2.1 Robo advisory market in fintech robo advisors, 2017 - 2030
6.3 Banks
  6.3.1 Robo advisory market in banks, 2017 - 2030
6.4 Traditional Wealth Managers
  6.4.1 Robo advisory market in traditional wealth managers, 2017 - 2030
6.5 Others
  6.5.1 Robo advisory market in others, 2017 - 2030

CHAPTER 7 ROBO ADVISORY SERVICE TYPE OUTLOOK

7.1 Robo Advisory Market Share By Service Type, 2021
7.2 Direct Plan-based/Goal-based
  7.2.1 Direct plan-based/Goal-based in robo advisory market, 2017 - 2030
7.3 Comprehensive Wealth Advisory
  7.3.1 Comprehensive Wealth Advisory in robo advisory market, 2017 - 2030

CHAPTER 8 ROBO ADVISORY END USER OUTLOOK

8.1 Robo Advisory Market Share By End User, 2021
8.2 Retail Investor
  8.2.1 Robo advisory market in retail investors, 2017 - 2030
8.3 High Net Worth Individuals
  8.3.1 Robo advisory market in high net worth individuals, 2017 - 2030

CHAPTER 9 ROBO ADVISORY REGIONAL OUTLOOK

9.1 Robo Advisory Market Share By Region, 2021
9.2 North America
  9.2.1 North America robo advisory market, 2017 - 2030
  9.2.2 North America robo advisory market, by type, 2017 - 2030
  9.2.3 North America robo advisory market, by provider, 2017 - 2030
  9.2.4 North America robo advisory market, by service type, 2017 - 2030
  9.2.5 North America robo advisory market, by end user, 2017 - 2030
  9.2.6 U.S.
    9.2.6.1 U.S robo advisory market, 2017 - 2030
    9.2.6.2 U.S robo advisory market, by type, 2017 - 2030
    9.2.6.3 U.S robo advisory market, by provider, 2017 - 2030
    9.2.6.3 U.S robo advisory market, by service type, 2017 - 2030
    9.2.6.4 U.S robo advisory market, by end user, 2017 - 2030
  9.2.7 Canada
    9.2.7.1 Canada robo advisory market, 2017 - 2030
    9.2.7.2 Canada robo advisory market, by type, 2017 - 2030
    9.2.7.3 Canada robo advisory market, by provider, 2017 - 2030
    9.2.7.3 Canada robo advisory market, by service type, 2017 - 2030
    9.2.7.4 Canada robo advisory market, by end user, 2017 - 2030
9.3 Europe
  9.3.1 Europe robo advisory market, 2017 - 2030
  9.3.2 Europe robo advisory market, by type, 2017 - 2030
  9.3.3 Europe robo advisory market, by provider, 2017 - 2030
  9.3.4 Europe robo advisory market, by service type, 2017 - 2030
  9.3.5 Europe robo advisory market, by end user, 2017 - 2030
  9.3.6 Germany
    9.3.6.1 Germany robo advisory market, 2017 - 2030
    9.3.6.2 Germany robo advisory market, by type, 2017 - 2030
    9.3.6.3 Germany robo advisory market, by provider, 2017 - 2030
    9.3.6.3 Germany robo advisory market, by service type, 2017 - 2030
    9.3.6.4 Germany robo advisory market, by end user, 2017 - 2030
  9.3.7 U.K.
    9.3.7.1 U.K robo advisory market, 2017 - 2030
    9.3.7.2 U.K robo advisory market, by type, 2017 - 2030
    9.3.7.3 U.K. robo advisory market, by provider, 2017 - 2030
    9.3.7.3 U.K. robo advisory market, by service type, 2017 - 2030
    9.3.7.4 U.K robo advisory market, by end user, 2017 - 2030
9.4 Asia Pacific
  9.4.1 Asia Pacific robo advisory market, 2017 - 2030
  9.4.2 Asia Pacific robo advisory market, by type, 2017 - 2030
  9.4.3 Asia Pacific robo advisory market, by provider, 2017 - 2030
  9.4.4 Asia Pacific robo advisory market, by service type, 2017 - 2030
  9.4.5 Asia Pacific robo advisory market, by end user, 2017 - 2030
  9.4.6 China
    9.4.6.1 China robo advisory market, 2017 - 2030
    9.4.6.2 China robo advisory market, by type, 2017 - 2030
    9.4.6.3 China robo advisory market, by provider, 2017 - 2030
    9.4.6.3 China robo advisory market, by service type, 2017 - 2030
    9.4.6.4 China robo advisory market, by end user, 2017 - 2030
  9.4.7 India
    9.4.7.1 India robo advisory market, 2017 - 2030
    9.4.7.2 India robo advisory market, by type, 2017 - 2030
    9.4.7.3 India robo advisory market, by provider, 2017 - 2030
    9.4.7.3 India robo advisory market, by service type, 2017 - 2030
    9.4.7.4 India robo advisory market, by end user, 2017 - 2030
  9.4.8 Japan
    9.4.8.1 Japan robo advisory market, 2017 - 2030
    9.4.8.2 Japan robo advisory market, by type, 2017 - 2030
    9.4.8.3 Japan robo advisory market, by provider, 2017 - 2030
    9.4.8.3 Japan robo advisory market, by service type, 2017 - 2030
    9.4.7.4 Japan robo advisory market, by end user, 2017 - 2030
9.5 Latin America
  9.5.1 Latin America robo advisory market, 2017 - 2030
  9.5.2 Latin America robo advisory market, by type, 2017 - 2030
  9.5.3 Latin America robo advisory market, by provider, 2017 - 2030
  9.5.4 Latin America robo advisory market, by service type, 2017 - 2030
  9.5.5 Latin America robo advisory market, by end user, 2017 - 2030
  9.5.6 Brazil
    9.5.6.1 Brazil robo advisory market, 2017 - 2030
    9.5.6.2 Brazil robo advisory market, by type, 2017 - 2030
    9.5.6.3 Brazil robo advisory market, by provider, 2017 - 2030
    9.5.6.3 Brazil robo advisory market, by service type, 2017 - 2030
    9.5.6.4 Brazil robo advisory market, by end user, 2017 - 2030
9.6 MEA
  9.6.1 MEA robo advisory market, 2017 - 2030
  9.6.2 MEA robo advisory market, by type, 2017 - 2030
  9.6.3 MEA robo advisory market, by provider, 2017 - 2030
  9.6.4 MEA robo advisory market, by service type, 2017 - 2030
  9.6.5 MEA robo advisory market, by end user, 2017 - 2030

CHAPTER 10 COMPETITIVE ANALYSIS

10.1 Recent Developments & Impact Analysis, By Key Market Participants
10.2 Company Categorization
10.3 Vendor Landscape
  10.3.1 Key company market share analysis, 2021
10.4 Company Analysis Tools
  10.4.1 Company market position analysis
  10.4.2 Competitive dashboard analysis

CHAPTER 11 COMPETITIVE LANDSCAPE

11.1 Betterment
  11.1.1 Company overview
  11.1.2 Financial performance
  11.1.3 Product benchmarking
  11.1.4 Strategic initiatives
11.2 Fincite Gmbh
  11.2.1 Company overview
  11.2.2 Financial performance
  11.2.3 Product benchmarking
  11.2.4 Strategic initiatives
11.3 Wealthfront Corporation.
  11.3.1 Company overview
  11.3.2 Financial performance
  11.3.3 Product benchmarking
  11.3.4 Strategic initiatives
11.4 The Vanguard Group, Inc.
  11.4.1 Company overview
  11.4.2 Financial performance
  11.4.3 Product benchmarking
  11.4.4 Strategic initiatives
11.5 Charles Schwab & Co, Inc.
  11.5.1 Company overview
  11.5.2 Financial performance
  11.5.3 Product benchmarking
  11.5.4 Strategic initiatives
11.6 Ellevest
  11.6.1 Company overview
  11.6.2 Financial performance
  11.6.3 Product benchmarking
  11.6.4 Strategic initiatives
11.7 Ginmon Verm?gensverwaltung GmbH
  11.7.1 Company overview
  11.7.2 Financial performance
  11.7.3 Product benchmarking
  11.7.4 Strategic initiatives
11.8 Wealthify Limited
  11.8.1 Company overview
  11.8.2 Financial performance
  11.8.3 Product benchmarking
  11.8.4 Strategic initiatives
11.9 Social Finance, Inc.
  11.9.1 Company overview
  11.9.2 Financial performance
  11.9.3 Product benchmarking
  11.9.4 Strategic initiatives
11.10 SigFig Wealth Management
  11.10.1 Company overview
  11.10.2 Financial performance
  11.10.3 Product benchmarking
  11.10.4 Strategic initiatives
LIST OF TABLES

TABLE 1 Robo advisory market - Industry snapshot & key buying criteria, 2017 - 2030
TABLE 2 Global robo advisory market, 2017 - 2030 (USD Million)
TABLE 3 Global robo advisory market, by region, 2017 - 2030 (USD Million)
TABLE 4 Global robo advisory market, by type, 2017 - 2030 (USD Million)
TABLE 5 Global robo advisory market, by provider, 2017 - 2030 (USD Million)
TABLE 6 Global robo advisory market, by service type, 2017 - 2030 (USD Million)
TABLE 7 Global robo advisory market, by end user, 2017 - 2030 (USD Million)
TABLE 8 Robo advisory market - Key market driver impact
TABLE 9 Robo advisory market - Key market challenge impact
TABLE 10 Pure Robo Advisors in robo advisory market, 2017 - 2030 (USD Million)
TABLE 11 Pure Robo Advisors in robo advisory market, by region, 2017 - 2030 (USD Million)
TABLE 12 Hybrid Robo Advisors in robo advisory market, 2017 - 2030 (USD Million)
TABLE 13 Hybrid Robo Advisors in robo advisory market, by region, 2017 - 2030 (USD Million)
TABLE 14 Robo advisory market in fintech robo advisors, 2017 - 2030 (USD Million)
TABLE 15 Robo advisory market in fintech robo advisors, by region, 2017 - 2030 (USD Million)
TABLE 16 Robo advisory market in banks, 2017 - 2030 (USD Million)
TABLE 17 Robo advisory market in banks, by region, 2017 - 2030 (USD Million)
TABLE 18 Robo advisory market in traditional wealth managers, 2017 - 2030 (USD Million)
TABLE 19 Robo advisory market in traditional wealth managers, by region, 2017 - 2030 (USD Million)
TABLE 20 Robo advisory market in others, 2017 - 2030 (USD Million)
TABLE 21 Robo advisory market in others, by region, 2017 - 2030 (USD Million)
TABLE 22 Direct plan-based/Goal-based in robo advisory market, 2017 - 2030 (USD Million)
TABLE 23 Direct plan-based/Goal-based in robo advisory market, by region, 2017 - 2030 (USD Million)
TABLE 24 Comprehensive Wealth Advisory in robo advisory market, 2017 - 2030 (USD Million)
TABLE 25 Comprehensive Wealth Advisory in robo advisory market, by region, 2017 - 2030 (USD Million)
TABLE 26 Robo advisory market in retail investors, 2017 - 2030 (USD Million)
TABLE 27 Robo advisory market in retail investors, by region, 2017 - 2030 (USD Million)
TABLE 28 Robo advisory market in high net worth individuals, 2017 - 2030 (USD Million)
TABLE 29 Robo advisory market in high net worth individuals, by region, 2017 - 2030 (USD Million)
TABLE 30 North America robo advisory market, 2017 - 2030 (USD Million)
TABLE 31 North America robo advisory market, by type, 2017 - 2030 (USD Million)
TABLE 32 North America robo advisory market, by provider, 2017 - 2030 (USD Million)
TABLE 33 North America robo advisory market, by service type, 2017 - 2030 (USD Million)
TABLE 34 North America robo advisory market, by end user, 2017 - 2030 (USD Million)
TABLE 35 U.S. robo advisory market, 2017 - 2030 (USD Million)
TABLE 36 U.S. robo advisory market, by type, 2017 - 2030 (USD Million)
TABLE 37 U.S. robo advisory market, by provider, 2017 - 2030 (USD Million)
TABLE 38 U.S. robo advisory market, by service type, 2017 - 2030 (USD Million)
TABLE 39 U.S. robo advisory market, by end user, 2017 - 2030 (USD Million)
TABLE 40 Canada robo advisory market, 2017 - 2030 (USD Million)
TABLE 41 Canada robo advisory market, by type, 2017 - 2030 (USD Million)
TABLE 42 Canada robo advisory market, by provider, 2017 - 2030 (USD Million)
TABLE 43 Canada robo advisory market, by service type, 2017 - 2030 (USD Million)
TABLE 44 Canada robo advisory market, by end user, 2017 - 2030 (USD Million)
TABLE 45 Europe robo advisory market, 2017 - 2030 (USD Million)
TABLE 46 Europe robo advisory market, by type, 2017 - 2030 (USD Million)
TABLE 47 Europe robo advisory market, by provider, 2017 - 2030 (USD Million)
TABLE 48 Europe robo advisory market, by service type, 2017 - 2030 (USD Million)
TABLE 49 Europe robo advisory market, by end user, 2017 - 2030 (USD Million)
TABLE 50 Germany robo advisory market, 2017 - 2030 (USD Million)
TABLE 51 Germany robo advisory market, by type, 2017 - 2030 (USD Million)
TABLE 52 Germany robo advisory market, by provider, 2017 - 2030 (USD Million)
TABLE 53 Germany robo advisory market, by service type, 2017 - 2030 (USD Million)
TABLE 54 Germany robo advisory market, by end user, 2017 - 2030 (USD Million)
TABLE 55 U.K. robo advisory market, 2017 - 2030 (USD Million)
TABLE 56 U.K. robo advisory market, by type, 2017 - 2030 (USD Million)
TABLE 57 U.K. robo advisory market, by provider, 2017 - 2030 (USD Million)
TABLE 58 U.K. robo advisory market, by service type, 2017 - 2030 (USD Million)
TABLE 59 U.K. robo advisory market, by end user, 2017 - 2030 (USD Million)
TABLE 60 Asia Pacific robo advisory market, 2017 - 2030 (USD Million)
TABLE 61 Asia Pacific robo advisory market, by type, 2017 - 2030 (USD Million)
TABLE 62 Asia Pacific robo advisory market, by provider, 2017 - 2030 (USD Million)
TABLE 63 Asia Pacific robo advisory market, by service type, 2017 - 2030 (USD Million)
TABLE 64 Asia Pacific robo advisory market, by end user, 2017 - 2030 (USD Million)
TABLE 65 China robo advisory market, 2017 - 2030 (USD Million)
TABLE 66 China robo advisory market, by type, 2017 - 2030 (USD Million)
TABLE 67 China robo advisory market, by provider, 2017 - 2030 (USD Million)
TABLE 68 China robo advisory market, by service type, 2017 - 2030 (USD Million)
TABLE 69 China robo advisory market, by end user, 2017 - 2030 (USD Million)
TABLE 70 India robo advisory market, 2017 - 2030 (USD Million)
TABLE 71 India robo advisory market, by type, 2017 - 2030 (USD Million)
TABLE 72 India robo advisory market, by provider, 2017 - 2030 (USD Million)
TABLE 73 India robo advisory market, by service type, 2017 - 2030 (USD Million)
TABLE 74 India robo advisory market, by end user, 2017 - 2030 (USD Million)
TABLE 75 Japan robo advisory market, 2017 - 2030 (USD Million)
TABLE 76 Japan robo advisory market, by type, 2017 - 2030 (USD Million)
TABLE 77 Japan robo advisory market, by provider, 2017 - 2030 (USD Million)
TABLE 78 Japan robo advisory market, by service type, 2017 - 2030 (USD Million)
TABLE 79 Japan robo advisory market, by end user, 2017 - 2030 (USD Million)
TABLE 80 Latin America robo advisory market, 2017 - 2030 (USD Million)
TABLE 81 Latin America robo advisory market, by type, 2017 - 2030 (USD Million)
TABLE 82 Latin America robo advisory market, by provider, 2017 - 2030 (USD Million)
TABLE 83 Latin America robo advisory market, by service type, 2017 - 2030 (USD Million)
TABLE 84 Latin America robo advisory market, by end user, 2017 - 2030 (USD Million)
TABLE 85 Brazil robo advisory market, 2017 - 2030 (USD Million)
TABLE 86 Brazil robo advisory market, by type, 2017 - 2030 (USD Million)
TABLE 87 Brazil robo advisory market, by provider, 2017 - 2030 (USD Million)
TABLE 88 Brazil robo advisory market, by service type, 2017 - 2030 (USD Million)
TABLE 89 Brazil robo advisory market, by end user, 2017 - 2030 (USD Million)
TABLE 90 MEA robo advisory market, 2017 - 2030 (USD Million)
TABLE 91 MEA robo advisory market, by type, 2017 - 2030 (USD Million)
TABLE 92 MEA robo advisory market, by provider, 2017 - 2030 (USD Million)
TABLE 93 MEA robo advisory market, by service type, 2017 - 2030 (USD Million)
TABLE 94 MEA robo advisory market, by end user, 2017 - 2030 (USD Million)
LIST OF FIGURES

FIG. 1 Market segmentation and scope
FIG. 2 Global robo advisory market, 2017 - 2030 (USD Million)
FIG. 3 Robo advisory market - Value chain analysis
FIG. 4 Robo advisory market dynamics
FIG. 5 Key opportunities prioritized
FIG. 6 Robo advisory market - Porter’s five forces analysis
FIG. 7 Robo advisory market - Key company market share analysis, 2021
FIG. 8 Robo advisory market - PESTEL analysis
FIG. 9 Robo advisory market, by type, 2021
FIG. 10 Robo advisory market, by provider, 2021
FIG. 11 Robo advisory market, by service type, 2021
FIG. 12 Robo advisory market, by end user, 2021
FIG. 13 Robo advisory market, by region, 2021
FIG. 14 Robo advisory market - Regional takeaways
FIG. 15 North America robo advisory market - Key takeaways
FIG. 16 Europe robo advisory market - Key takeaways
FIG. 17 Asia Pacific robo advisory market - Key takeaways
FIG. 18 Latin America robo advisory market - Key takeaways
FIG. 19 MEA robo advisory market - Key takeaways


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