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Robo Advisory Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global robo advisory market reached a value of US$ 5.63 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 27.68 Billion by 2027, exhibiting a CAGR of 28.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Robo advisory refers to a class of digital platforms that provide algorithm-driven and automated financial advice to wealth management organizations. It aids in automating portfolio administration software, performing complicated tasks, customizing online investments, and managing funds with minimal human intervention. This, in turn, assists in targeting new clients, enhancing workflow, and adjusting custom online investments to achieve long-term financial goals or short-term investment strategies. At present, robo advisory is commercially available in varying service types, such as direct plan-based, goal-based, and comprehensive health advisory.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Robo Advisory Market Trends:

The widespread adoption of Robo Advisory across various industrial verticals, retail and high net worth individuals (HNIs) for performing algorithmic calculations to analyze data and deliver comprehensive information is majority driving the market toward growth. This is further supported by the shifting inclination of consumers toward robo advisory over traditional investments on account of its several beneficial properties, such as low-cost portfolio, tax-loss harvesting, secure investments, judgement based on real-time statistics, which, in turn, assists in eliminating the credit risks. In line with this, the increasing need for automating complex event processing has led to significant technological advancements, such as the large-scale integration of artificial intelligence (AI) and machine learning (ML) solutions, which is aiding in minimizing the errors caused by human interventions. This, in turn, is acting as another major growth-inducing factor. Additionally, the extensive utilization of robo advisory for executing online surveys to predict investor preferences, risks and goals, and acquire information regarding the financial status of the client, degree of risk-aversion, and desired return on investments is further contributing to the market growth. Apart from this, the rising popularity of smartphones, laptops, and tablets amongst millennials for accessing information and communicating is further creating a positive outlook for the market across the globe.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global robo advisory market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on business model, service type, provider and end user.

Breakup by Business Model:

 

 
 

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  • Pure Robo Advisors
  • Hybrid Robo Advisors
     

Breakup by Service Type:

  • Direct Plan-Based/Goal-Based
  • Comprehensive Wealth Advisory
     

Breakup by Provider:

  • Fintech Robo Advisors
  • Banks
  • Traditional Wealth Managers
  • Others
     

Breakup by End User:

  • Retail Investor
  • High Net Worth Individuals (HNIs)
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
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$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Robo Advisory Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Business Model
    6.1    Pure Robo Advisors
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Hybrid Robo Advisors
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Service Type
    7.1    Direct Plan-Based/Goal-Based
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Comprehensive Wealth Advisory
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Provider
    8.1    Fintech Robo Advisors
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Banks
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Traditional Wealth Managers
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by End User
    9.1    Retail Investor
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    High Net Worth Individuals (HNIs)
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Betterment
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Ellevest
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Fincite Gmbh
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Ginmon Vermögensverwaltung GmbH
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    SigFig Wealth Management LLC
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    SoFi Technologies Inc.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    The Charles Schwab Corporation
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    The Vanguard Group Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Wealthfront Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Wealthify Limited (Aviva plc)
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Robo Advisory Market: Major Drivers and Challenges
Figure 2: Global: Robo Advisory Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Robo Advisory Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Robo Advisory Market: Breakup by Business Model (in %), 2021
Figure 5: Global: Robo Advisory Market: Breakup by Service Type (in %), 2021
Figure 6: Global: Robo Advisory Market: Breakup by Provider (in %), 2021
Figure 7: Global: Robo Advisory Market: Breakup by End User (in %), 2021
Figure 8: Global: Robo Advisory Market: Breakup by Region (in %), 2021
Figure 9: Global: Robo Advisory (Pure Robo Advisors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Robo Advisory (Pure Robo Advisors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Robo Advisory (Hybrid Robo Advisors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Robo Advisory (Hybrid Robo Advisors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Robo Advisory (Direct Plan-Based/Goal-Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Robo Advisory (Direct Plan-Based/Goal-Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Robo Advisory (Comprehensive Wealth Advisory) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Robo Advisory (Comprehensive Wealth Advisory) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Robo Advisory (Fintech Robo Advisors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Robo Advisory (Fintech Robo Advisors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Robo Advisory (Banks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Robo Advisory (Banks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Robo Advisory (Traditional Wealth Managers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Robo Advisory (Traditional Wealth Managers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Robo Advisory (Other Providers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Robo Advisory (Other Providers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Robo Advisory (Retail Investor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Robo Advisory (Retail Investor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Robo Advisory (High Net Worth Individuals-HNIs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Robo Advisory (High Net Worth Individuals-HNIs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: North America: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: North America: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: United States: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: United States: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Canada: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Canada: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Asia-Pacific: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Asia-Pacific: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: China: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: China: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Japan: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Japan: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: India: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: India: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: South Korea: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: South Korea: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Australia: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Australia: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Indonesia: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Indonesia: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Others: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Others: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Europe: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Europe: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Germany: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Germany: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: France: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: France: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: United Kingdom: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: United Kingdom: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Italy: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Italy: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Spain: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Spain: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Russia: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Russia: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Latin America: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Latin America: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Brazil: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Brazil: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Mexico: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Mexico: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Middle East and Africa: Robo Advisory Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Middle East and Africa: Robo Advisory Market: Breakup by Country (in %), 2021
Figure 77: Middle East and Africa: Robo Advisory Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Global: Robo Advisory Industry: SWOT Analysis
Figure 79: Global: Robo Advisory Industry: Value Chain Analysis
Figure 80: Global: Robo Advisory Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Robo Advisory Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Robo Advisory Market Forecast: Breakup by Business Model (in Million US$), 2022-2027
Table 3: Global: Robo Advisory Market Forecast: Breakup by Service Type (in Million US$), 2022-2027
Table 4: Global: Robo Advisory Market Forecast: Breakup by Provider (in Million US$), 2022-2027
Table 5: Global: Robo Advisory Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Robo Advisory Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Robo Advisory Market: Competitive Structure
Table 8: Global: Robo Advisory Market: Key Players

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Key Questions Answered in This Report

The global robo advisory market was valued at US$ 5.63 Billion in 2021.

We expect the global robo advisory market to exhibit a CAGR of 28.70% during 2022-2027.

The rising demand for robo advisory platform over traditional investments for eliminating credit
risks, owing to secure investments and accurate decision making based on real-time statistics, is
primarily driving the global robo advisory market.

The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of robo advisory
platform, for remotely performing complicated tasks, customizing online investments, and managing
funds with minimal human intervention.

Based on the business model, the global robo advisory market has been divided into pure robo
advisors and hybrid robo advisors, where hybrid robo advisors exhibit a clear dominance in the
market.

Based on the service type, the global robo advisory market can be categorized into direct plan-
based/goal-based and comprehensive wealth advisory. Currently, comprehensive wealth advisory
holds the majority of the global market share.

Based on the provider, the global robo advisory market has been segmented into fintech robo
advisors, banks, traditional wealth managers, and others. Among these, fintech robo advisors
represent the largest market share.

Based on the end user, the global robo advisory market can be bifurcated into retail investor and
High Net Worth Individuals (HNIs). Currently, High Net Worth Individuals (HNIs) account for the
majority of the global market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global robo advisory market 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).

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