The robo advisory market size has witnessed significant growth in recent years. From $61.75 billion in 2024, it is expected to grow to $91.97 billion in 2025 at a compound annual growth rate (CAGR) of 48.9%. This growth during the historic period can be attributed to factors such as cost efficiency, democratization of finance, market awareness, and acceptance.
Furthermore, the robo advisory market size is projected to see exponential growth in the coming years. It is expected to reach a whopping $468.49 billion by 2029 with a compound annual growth rate (CAGR) of 50.2%. Key factors contributing to growth during the forecast period include regulatory environment, integration with traditional services, global economic trends, and cybersecurity measures. Major trends predicted for the forecast period include customization and personalization, technological advancements, hybrid models, AI and machine learning advances, sustainable and ESG investing, crypto and alternative investments, and partnerships and collaborations.
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What Is Driving The Growth Of The Robo Advisory Market?
The growth of the robo advisory market is greatly influenced by the surge in digitalization of financial services. The financial industry has widely incorporated digital technologies such as artificial intelligence (AI), cloud, blockchain and fintech, making it considerably easier for consumers to access funds. These technologies have also improved the customer experience in the financial sector through automation. For instance, in June 2023, the Australian Banking Association reported that 98.9% of interactions with the Australian banking sector took place digitally, demonstrating the prevalence and significance of digital integration in financial services.
Which Are The Major Segments Within The Global Robo Advisory Market?
The robo advisory market covered in this report is segmented into:
1) By Service Type: Direct Plan-Based or Goal-Based, Comprehensive Wealth Advisory
2) By Provider: Fintech Robo Advisors, Banks, Traditional Wealth Managers, Other Providers
3) By Business Model: Pure Robo Advisors, Hybrid Robo Advisors
4) By End User: Healthcare, Education, Retail, Other End Users
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Who Are The Major Players In The Robo Advisory Market?
Major companies operating in the robo advisory market include Betterment LLC, Charles Schwab & Co. Inc., Wealthfront Corporation, Personal Capital Corporation, Bambu Labs Inc., Blooom Inc., Ellevest Inc., FutureAdvisor Inc., Nutmeg Saving and Investment Limited, SigFig Wealth Management LLC, The Vanguard Group Inc., Social Finance Inc., Hedgeable Inc., WiseBanyan Inc., AssetBuilder Inc., Ally Financial Inc., Axos Invest Inc., Scalable Capital Limited, Moneyfarm Ltd., Acorns Grow Incorporated, United Income LLC, T. Rowe Price Associates Inc., Rebellion Research, Ginmon Vermogensverwaltung GmbH, Invesco Ltd., WisdomTree Investments Inc., Northern Trust Corporation, First Trust Advisors LP, VanEck Associates Corporation, ProShares Advisors LLC, Global X Management Company LLC, Direxion Investments.
What Are The Emerging Trends In The Robo Advisory Market?
Advancements in technology are significantly shaping the robo advisory market. The improvement in areas such as advanced analytics, artificial intelligence, and natural language processing is expected to enhance the effectiveness of robo-advisory. For instance, in March 2022, Germany-based online broker, flatexDEGIRO AG, signed a Memorandum of Understanding (MoU) to expand its long-standing B2B cooperation with digital asset management firm, Whitebox. This collaboration aims to provide FlatexDEGIRO customers with a completely digital investment solution, further solidifying the impact of technology in the robo advisory market.
Which Region Will Lead In The Robo Advisory Market?
North America is projected to be the largest region in the robo advisory market in 2024. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Robo Advisory Market Report 2025: An In-depth Global Analysis And Forecast
A robo-advisor refers to an automated financial advisor that provides algorithm-driven wealth management services with minimal human intervention. The robo advisory market thrives by offering financial advice online. Clients are asked to fill an online questionnaire about their financial situation, risk tolerance, and future goals. The data collected is then used to offer advice and automatically invest client assets. The Robo Advisory Market research report from The Business Research Company provides global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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