Global Robo-Advisory Software Market Overview
According to SPER Market Research, the Global Robo-Advisory Software Market is estimated to reach USD 73.70 billion by 2032 with a CAGR of 29.95%.
The market is being driven ahead by the extensive usage of Robo advisory across several industrial verticals, including retail banking, asset management, and others, for undertaking algorithmic calculations to evaluate data and provide thorough information. Additionally, Robo advisers provide particular advantages including tax loss harvesting, low cost portfolio, improved decision-making, safe and secure investments, and assistance in reducing credit risks. Over the projection period, it is anticipated that these factors would fuel industry expansion.
Artificial intelligence (AI) and machine learning (ML), two rapidly developing technological developments, are now recognised as important growth drivers in the market. A important trend for Robo advisors is the increasing use of AI and ML in financial platforms. This digital investing platform is powered by the most recent fully automated technology available automated Artificial Intelligence (AI) Robo-Advisor, which aims to simplify financial decisions. Furthermore, such technological advancements aid in reducing the number of errors caused due to human intervention, hence amplifying business financials, which is boding well for market growth.
Several of the fastest-growing economies in the world are pressuring local companies to strengthen their testing and research of Robo-advisory services. Known as Robo-advisors or Robo-advisers, a subcategory of financial counsellors, Robo-advisors give clients financial advice and manage their investments online while requiring only moderate to low degrees of human involvement.
They provide customers with digital financial advise based on mathematical concepts or algorithms. As soon as these algorithms have been developed by data scientists, investment managers, and financial advisors, programmers are in charge of encoding them into the software. The provision of financial advice to a consumer does not require the assistance of a human adviser because these algorithms are carried out by software.
Impact of COVID-19 on the Global Robo-Advisory Software Market
The COVID-19 pandemic is expected to considerably boost market expansion during the forecast period. The epidemic has increased demand for investment management, Robo advisers, digital finance, and financial planning services across international borders. In the first quarter of 2020, several companies have reported growing digital investment activity. For instance, a U.K.-based broker firm called Interactive Investor reported an exponential rise in the number of individual savings accounts established on its website in April 2020 compared to the prior year.
The robo-advisory field benefited from COVID in a positive way. The majority of portfolios managed by digital advisors performed similarly despite market volatility, according to backend benchmarking, which examines performance by opening portfolios at prominent robo-advisors. As the coronavirus locks down increasing numbers of financial advisors, the number of users on an online wealth management platform or robo-advising in wealth management has doubled. Wealth management companies view advisers as managing clients who have had both a personal and financial impact from the coronavirus.
-005003821022023.jpg)
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Provider, By Service Type, By End-Use.
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Betterment, Fincite GmbH, Wealthfront Corporation, The Vanguard Group, Inc., Charles Schwab & Co., Inc., Ellevest, Ginmon Vermögensverwaltung GmbH, Wealthify Limited, Social Finance, Inc., SigFig Wealth Management.
|
Global Robo-Advisory Software Market Segmentation:
1. By Type:
- Hybrid Robo Advisors
- Pure Robo Advisors
2. By Provider:
- Banks
- Fintech Robo Advisors
- Traditional Wealth Managers
- Others
3. By Service Type:
- Direct Plan Based/Goal Based
- Comprehensive Wealth Advisory
4. By End-Use:
- Retail Investor
- High Net Worth Individuals
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Robo-Advisory Software Market (FY’2019-FY’2032)
- Overview of Global Robo-Advisory Software Market
- Segmentation of Global Robo-Advisory Software Market By Type (Pure Robo Advisors, Hybrid Robo Advisors)
- Segmentation of Global Robo-Advisory Software Market By Provider (Fintech Robo Advisors, Banks, Traditional Wealth Managers , Others)
- Segmentation of Global Robo-Advisory Software Market By Service (Direct Plan Based/Goal Based)
- Segmentation of Global Robo-Advisory Software Market By End-Use (Retail Investor, High Net Worth Individuals)
- Statistical Snap of Global Robo-Advisory Software Market
- Growth Analysis of Global Robo-Advisory Software Market
- Problems and Challenges in Global Robo-Advisory Software Market
- Competitive Landscape in the Global Robo-Advisory Software Market
- Impact of COVID-19 and Demonetization on Global Robo-Advisory Software Market
- Details on Recent Investment in Global Robo-Advisory Software Market
- Competitive Analysis of Global Robo-Advisory Software Market
- Major Players in the Global Robo-Advisory Software Market
- SWOT Analysis of Global Robo-Advisory Software Market
- Global Robo-Advisory Software Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Robo-Advisory Software Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Robo-Advisory Software Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Robo-Advisory Software Market
7. Global Robo-Advisory Software Market, By Type, 2019-2032 (USD Million)
7.1 Hybrid Robo Advisors
7.2 Pure Robo Advisors
8. Global Robo-Advisory Software Market, By Provider, 2019-2032 (USD Million)
8.1 Banks
8.2 Fintech Robo Advisors
8.3 Traditional Wealth Managers
8.4 Others
9. Global Robo-Advisory Software Market, By Service Type, 2019-2032 (USD Million)
9.1 Direct Plan Based/Goal Based
9.2 Comprehensive Wealth Advisory
10. Global Robo-Advisory Software Market, By End-Use, 2019-2032 (USD Million)
10.1 Retail Investor
10.2 High Net Worth Individuals
11. Global Robo-Advisory Software Market, By Region, 2019-2032 (USD Million)
11.1 Global Robo-Advisory Software Market Size and Market Share by Region (2019-2025)
11.2 Global Robo-Advisory Software Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12.Company Profiles
12.1 Betterment
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Fincite GmbH
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Wealthfront Corporation
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 The Vanguard Group, Inc
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Charles Schwab & Co. Inc
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Ellevest
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Ginmon Vermogensverwaltung GmbH
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Wealthify Limited
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Social Finance, Inc
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 SigFig Wealth Management
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
