Global Robo Advisory Market to Reach US$ 76.2 Billion by 2032, Impelled by Considerable Rise in Data Generation

July 18, 2022 | Technology & Media

According to the latest report by IMARC Group, titled "Robo Advisory Market Report by Business Model (Pure Robo Advisors, Hybrid Robo Advisors), Service Type (Direct Plan-Based/Goal-Based, Comprehensive Wealth Advisory), Provider (Fintech Robo Advisors, Banks, Traditional Wealth Managers, and Others), End User (Retail Investor, High Net Worth Individuals (HNIs)), and Region 2024-2032," the global robo advisory market reached a value of US$ 9.4 Billion in 2023. Robo advisory refers to a virtual platform that assists multiple businesses by managing investments and providing financial advice with minimal human intervention. It involves the utilization of algorithms and the inputs received from the investors in order to analyze and predict risks and goals, and stockholder preferences. As a result, it offers robust goal planning, easy account setup, portfolio management, accounts services, enhanced security and attentive customer service. The demand for robo advisory is increasing across the globe due to the rising need for cost-efficient investment advisory solutions and the growing adoption of smartphones and laptops among individuals.

Global Robo Advisory Market Trends:

The global market is primarily driven by a considerable increase in data generation across various industrial verticals. Coupled with rapid digitization and the growing adoption of connected devices among the masses, this has encouraged leading players to heavily invest in the deployment of robo advisories. Along with this, the widespread introduction of secured investment plans and the rising popularity of stock market trading among individuals are creating a positive market outlook. Since robo advisories provide precise judgements on the basis of the current economic scenario and real-time statistics, there has been a significant rise in the utilization of these platforms on the global level. Apart from this, continual technological advancements and the integration of artificial intelligence (AI) and the internet of things (IoT) with robo advisory platforms are significantly supporting the growth of the market. Other factors, including rapid urbanization, the inflating disposable income levels of the masses, continual developments in the information technology (IT) infrastructure and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 76.2 Billion by 2032, exhibiting a CAGR of 25.6% during 2024-2032.

Market Summary: 

  • Based on the business model, the market has been bifurcated into pure and hybrid robo advisors.
  • On the basis of the service type, the market has been segregated into direct plan-based/goal-based and comprehensive wealth advisory.
  • Based on the provider, the market has been categorized into fintech robo advisors, banks, traditional wealth managers and others.
  • On the basis of the end-user, the market has been classified into retail investor and high net worth individuals (HNIs).
  • Based on the region, the market has been divided into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa. 
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Betterment, Ellevest, Fincite Gmbh, Ginmon Vermögensverwaltung GmbH, SigFig Wealth Management LLC, SoFi Technologies Inc., The Charles Schwab Corporation, The Vanguard Group Inc., Wealthfront Corporation and Wealthify Limited (Aviva plc).

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Business Model, Service Type, Provider, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Betterment, Ellevest, Fincite Gmbh, Ginmon Vermögensverwaltung GmbH, SigFig Wealth Management LLC, SoFi Technologies Inc., The Charles Schwab Corporation, The Vanguard Group Inc., Wealthfront Corporation and Wealthify Limited (Aviva plc).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N Gould St, Ste R
Sheridan, WY 82801, USA
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Robo Advisory Market to Reach US$ 76.2 Billion by 2032, Impelled by Considerable Rise in Data Generation
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More