Robo Advisory Market is Rising

According to the latest research report published by Market Data Forecast, the global robo advisory market is expected to grow at a CAGR of 54.2% from 2024 to 2029, and the global market size is anticipated to be worth USD 154.6 billion by 2029 from USD 17.73 billion in 2024.

The robo advising market is expanding rapidly, fueled by technical developments and rising demand for automated financial solutions. These platforms use algorithms to give tailored investment advice and portfolio management services to clients, sometimes at a cheaper cost than traditional financial advisors. With a focus on accessibility, efficiency, and customization, robo-advisers appeal to a wide variety of investors, from millennials to pensioners. Regulatory changes, shifting investor preferences, and advances in artificial intelligence all help to define the landscape of this dynamic business.

Global Smartphone Market Report Scope:
• Market Size (2029): USD 154.6 Billion
• Market Size (2023): USD 17.73 Billion
• CAGR (2024 to 2029): 54.2%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Type, Service, End User, and Region.
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: Betterment, FutureAdvisor, Personal Capital, Vanguard Personal Advisor, Wealthfront, WiseBanyan, SigFid Wealth Management, etc and Others.

Market Drivers:

The market is propelled by the widespread use of robo advise in a variety of industrial verticals, such as asset management, retail banking, and many more, for performing algorithmic computations to analyse data and offer comprehensive information. Furthermore, robo advisors offer unique benefits including tax loss harvesting, a low-cost portfolio, better decision-making, safe and secure spending, and help with credit risk removal. It is anticipated that these variables will drive industry growth during the projection.
The increased application of machine learning and artificial intelligence is another main driver of the market growth. The rising incorporation of AI and ML in investment platforms is the key advance in robo advisers.
This digital investing platform is powered by the most recent fully automated AI robo advisor on the market which aims to simplify financial decisions. These technological advancements also result in a reduction in the number of faults caused by human engagement, which boosts business finances and is encouraging for market progress.
It is projected that the need for reasonably priced financial advice would create new avenues for market growth. Furthermore, the increasing use of big data and advanced analytics may significantly increase the use of robo advisers.

Market Restraints:

Some investors value the human touch and the chance to talk with a financial advisor about their investments, while others find automated services convenient. Some people may not be able to get the complex financial or emotional support they require from robo-advisory platforms.
Robo advisers provide a greater security risk since they gather and manage sensitive customer data such as assets, bank account information, income security codes, and Personal Account Numbers (PANs). Massive volumes of data on robo advising platforms might be accessible to cybercriminals seeking to gain unauthorised access to user accounts. The danger of data breaches and theft can be increased by insufficient algorithm testing, flaws in institutional compliance programmes, and inadequate record-keeping procedures. Thus, the main factors preventing market growth are security issues and worries about data privacy.
Moreover, its rise is hindered by other problems including stringent government regulations, supply chain disruption and shifting consumer preferences. For instance, the majority of industries were impacted by the COVID-19 outbreak. Analysing restraining factors is crucial because businesses can devise ways to counteract their detrimental effects on market expansion.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/robo-advisory-market

Key Insights from The Report:

• Based on the Type, the pure robo advisory segment led the market and accounted for a large share of the global market in 2023.
• Based on the service, the cash management segment captured the largest share of the global market in 2023.
• Based on end-user, the healthcare segment is expected to lead the market in the forecast period in 2023.
• North America dominated the global smartphone market in 2023. Europe accounted for the second-highest share of the global market in 2023, and the Asia-Pacific region is estimated to grow over the forecast period.

SEGMENTATION INCLUDED IN THIS REPORT:

By Type:
• Pure Robo Advisory
• Robo Hybrid Advice

By Service:
• Wealth Management
• Cash Management

By End-User:
• Healthcare
• Retail
• Education
• Others

By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

TABLE OF CONTENTS:

1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year, and Forecast Periods

2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline

3. Report Overview
3.1 Executive Summary
3.2 Key Inferences

4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends

5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market Share Analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquisition Landscape
5.3 Joint Ventures & Collaborations

6. Market Segmentation
6.1 Robo Advisory Market, By Type
6.1.1 Pure Robo Advisory
6.1.2 Hybrid Robo Advisory
6.1.3 Market Size Estimations & Forecasts (2024 to 2029)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Robo Advisory Market, By Service Type
6.2.1 Wealth Management
6.2.2 Cash Management
6.2.3 Market Size Estimations & Forecasts (2024 to 2029)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Robo Advisory Market, By End-User
6.3.1 Healthcare
6.3.2 Retail
6.3.3 Education
6.3.4 Market Size Estimations & Forecasts (2024 to 2029)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index

7. Geographical Landscape
7.2 North America - Market Analysis (2024 to 2029)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By Service Type
7.2.4 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By Service Type
7.3.4 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Service Type
7.4.4 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By Service Type
7.5.4 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By Service Type
7.6.4 By End-User

8. Key Player Analysis
8.1 Betterment
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 FutureAdvisor
8.3 Personal Capital
8.4 Vanguard Personal Advisor
8.5 Wealthfront
8.6 WiseBanyan
8.7 SigFid Wealth Management
8.8 Charles Schwab & Co., Inc

9. Market Outlook & Investment Opportunities

10. Appendix
List of Tables
List of Figures

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