Robo Advisory Global Market Sees Growth Rate Of 50% Through 2022

The global robo advisory market size is expected to grow from $18.71 billion in 2021 to $28.10 billion in 2022 at a compound annual growth rate (CAGR) of 50.20%. The growth in the market is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global robo advisory market size is expected to reach $135.11 billion in 2026 at a CAGR of 48.08%.

What is the Global Robo Advisory Market?

The robo advisory market consists of sales of robo advisory software and related services by entities (organizations, sole traders, and partnerships) that are engaged in providing financial advice in an online mode. Robo-advisors offer digital investment management services platforms with the help of automated, algorithm-driven financial planning services with very little to no human intervention. They use an online questionnaire to collect information from clients regarding their financial situation, degree of risk, and future goals, and then use the data to offer advice and automatically invest client assets.

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What drives the Global Robo Advisory Market?

The growing digitalization in financial services is contributing to the growth of the robo advisory market. In the financial industry, digital technologies such as artificial intelligence (AI), the cloud, blockchain, and fintech are making it easier to access funds and assisting the finance sector by using automated techniques to improve customer experience. For instance, in December 2020, Franklin Templeton, a US-based investment company, announced a partnership with Bambu and Apex Clearing to launch Tango, a new turnkey robo-adviser. This partnership will benefit by using the Apex platform to facilitate trading and custody for the robo-adviser and using the cloud-based platform of Bambu to facilitate a white-label software service. So, rising digital integration in financial services is driving the market's growth.

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Global Robo Advisory Market Segments
The global robo advisory market is segmented:
By Service Type: Direct Plan-Based/Goal-Based, Comprehensive Wealth Advisory
By Provider: Fintech Robo Advisors, Banks, Traditional Wealth Managers, Others
By Business Model: Pure Robo Advisors, Hybrid Robo Advisors
By End-User: Healthcare, Education, Retail, Others
By Geography: The regions covered in the robo advisory market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Robo Advisory Global Market Report 2022provides market size and growth forecasts for the global robo advisory market, global robo advisory market share, robo advisory market segments and geographies, robo advisory market competitive landscape including leading competitors’ revenues, profiles and market shares. The robo advisory market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Robo Advisory Industry Playersinclude Betterment LLC, Charles Schwab & Co. Inc., Wealthfront Corporation, Personal Capital Corporation, Bambu, Blooom Inc., Ellevest, FutureAdvisor, Nutmeg Saving and Investment Limited, SigFig Wealth Management, The Vanguard Group Inc., SoFi Wealth, Hedgeable Inc., WiseBanyan Inc., AssetBuilder Inc., Ally Financial Inc., Wealthsimple, Axos Invest Inc., Scalable Capital, Moneyfarm, Acorns, United Income, T. Rowe Price, Rebellion Research, WealthNavi, TD Ameritrade, Schwab Intelligent Portfolios, Stash Invest, Fincite, Ginmon Vermogensverwaltung GmbH, and Social Finance Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.