Robo Advisor Market worth $33.38 billion by 2030, growing at a CAGR of 26.71% - Exclusive Report by 360iResearch

The "Robo Advisor Market by Business Model (Hybrid Robo Advisors, Pure Robo Advisors), Provider (Banks, Fintech Robo Advisors, Traditional Wealth Managers), Service Type, End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Robo Advisor Market to grow from USD 6.36 billion in 2023 to USD 33.38 billion by 2030, at a CAGR of 26.71%.

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A robo advisor is a digital platform offering automated financial planning and investment management services. Robo advisors provide users with personalized investment advice, portfolio recommendations, and asset management solutions at a significantly lower cost compared to traditional human financial advisors. The expansion of financial sectors and the increasing popularity of online trading as a source of income among individuals worldwide are accelerating the use of robo-advisors. Additionally, growing digitization in financial services has increased the need for efficient wealth management solutions, further propelling the demand for robo advisors. However, limited customization options and lack of flexibility can refrain customers from adopting robo advisor services. The ongoing advancements in robo advisors to improve their performance and user experience are expected to encourage their adoption by end users worldwide.

Evolving technology, increasing demand for digital financial services, and growing millennial population have contributed to the elevated demand for robo advisors in the Americas. The APAC is witnessing rapid adoption of robo advisory platforms due to the surging internet penetration rate and central banks encouraging digital innovation in finance. Steady growth in the adoption of robo advisory solutions due to the robust regulatory frameworks that promote transparency and investor protection measures alongside investment in fintech and digital solutions by financial institutions are expanding the usage of robo advisors in the EMEA region. Furthermore, the development of fully integrated robo advisors and the introduction of hybrid models combining human expertise with digital efficiency is anticipated to encourage the adoption of robo advisors by end-users across the globe.

Market Segmentation & Coverage:

This research report categorizes the Robo Advisor Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Business Model, market is studied across Hybrid Robo Advisors and Pure Robo Advisors. The Pure Robo Advisors is projected to witness significant market share during forecast period.

Based on Provider, market is studied across Banks, Fintech Robo Advisors, and Traditional Wealth Managers. The Banks is projected to witness significant market share during forecast period.

Based on Service Type, market is studied across Comprehensive Wealth Advisory and Direct Plan-Based or Goal-Based. The Direct Plan-Based or Goal-Based is projected to witness significant market share during forecast period.

Based on End-User, market is studied across High Net Worth Individuals, Retail Investor, and Ultra High Net Worth Individuals. The Retail Investor is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.01% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Robo Advisor Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Robo Advisor Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Robo Advisor Market, highlighting leading vendors and their innovative profiles. These include Acorns Grow Incorporated, Ally Financial Inc., Axos Financial, Inc., Capital One, Charles Schwab Corporation, Covestor Ltd., E*TRADE by Morgan Stanley, Fincite GmbH, FMR LLC, Ginmon Vermogensverwaltung GmbH, M1 Holdings Inc., Merrill Guided Investing by Bank of America Corporation, MFM Investment Ltd., Mphasis, Profile Software S.A., Qraft Technologies Inc., QuietGrowth Pty. Ltd., Scalable Capital GmbH, SigFig Wealth Management, LLC, Social Finance, Inc., The Vanguard Group Inc., Wealthfront Inc., Wells Fargo Clearing Services, LLC, and Zacks Advantage.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Robo Advisor Market, by Business Model
7. Robo Advisor Market, by Provider
8. Robo Advisor Market, by Service Type
9. Robo Advisor Market, by End-User
10. Americas Robo Advisor Market
11. Asia-Pacific Robo Advisor Market
12. Europe, Middle East & Africa Robo Advisor Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Robo Advisor Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Robo Advisor Market?
3. What is the competitive strategic window for opportunities in the Robo Advisor Market?
4. What are the technology trends and regulatory frameworks in the Robo Advisor Market?
5. What is the market share of the leading vendors in the Robo Advisor Market?
6. What modes and strategic moves are considered suitable for entering the Robo Advisor Market?

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