Research Nester has released a report titled “Robo Advisory Market – Global Demand Analysis & Opportunity Outlook 2028” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
International Telecommunication Union (ITU), in one of its statistics stated that the number of individuals using the internet reached to 3924 million in 2018from 1100 million in 2005. The statistics also estimated that individuals using the internet will touch 4131 million mark by 2019.
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The statistics portray the rising number of individuals using the internet in the recent era. Companies around the globe are increasingly adopting to technological advancements to make their business presence across all available channels so as to enhance their engagement with customers. Financial advisory companies are increasingly adopting to artificial intelligence solutions to provide advisory services and further reduce their operational costs.
Additionally, with the rising internet penetration consumers are able to access the services via web portal or mobile apps and further invest or take solutions according to their conveniences at a low or minimal fee. Such factors are anticipated to drive the growth of the global robo advisory market.
The global robo advisory market is anticipated to record a robust CAGR during the forecast period, i.e. 2020-2028. The market is segmented by services type into wealth management and cash management. Among these segments, wealth management is anticipated to hold the largest market share on account of limited financial background knowledge of customers, which is creating the need for management of their wealth and assets, coupled with increasing household wealth amongst the population and rising number of affluence across the globe.
The Global Wealth Databook 2019 of the Credit Suisse Research Institute stated in one of its statistics that total household wealth in the world reached to USD 360,603 billion in the year 2019from USD 351,516 billion in the year 2018.
Geographically, the global robo advisory market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, North America and Europe are the regions anticipated to hold the largest market share on account of numerous affluences present in the region with an increased need for managing their wealth and assets, coupled with the presence of a huge number of population who are aware of robo advisory services.
Additionally, Asia Pacific is anticipated to gain significant market share on account of increasing awareness for robo advisory services in the region and increasing household wealth among the population. The Global Wealth Databook 2019 of the Credit Suisse Research Institute also stated that Asia Pacific constituted the largest share of total household wealth, followed by North America and Europe with 39.16%, 31.78% and 25.17% share respectively in the year 2019.
However, concerns for conflict of interests created due to definition and suitability of the financial advices among the clients is estimated to act as a barrier to the growth of the global robo advisor market.
This report also studies existing competitive scenario of some of the key players of the global robo advisory market, which includes profiling of Betterment LLC, FutureAdvisor, Personal Capital Corporation, The Vanguard Group, Inc., Wealthfront Corporation, Axos Invest, Inc., SigFig Wealth Management, LLC, Nutmeg Saving and Investment Limited, Charles Schwab & Co., Inc. (NYSE: SCHW), and Bambu.
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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the reporttitled “Robo AdvisoryMarket – Global Demand Analysis & Opportunity Outlook 2028”, analyses the overallglobal robo advisory industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in theglobal robo advisory market in the near future.
In a recent published report, Kenneth Research has updated the Market report for North America Robo-advisory Market for 2021 till 2030.
Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain.
In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market.
The North American robo-advisory market is anticipated to grow at an overall compound annual growth rate (CAGR) of 50.19% and will be worth of USD 34.05 Bn by 2023.The robo-advisory market in North America is anticipated to be majorly driven by the U.S. throughout the forecast period.
Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.“Final Report will add the analysis of the impact of COVID-19 on this industry.”Download Sample of This Strategic Report: –https://www.kennethresearch.com/sample-request-10009646Key growth factorsThe robo-advisory market is predicted to witness a high growth rate owing to the surge in affordability and accessibility with low financial assistance fee and rising internet penetration following advancement of technology.
Moreover, the robustness and transparency of algorithms and consumer disengagement of business models are also challenging the growth of the market worldwide.Some of the major players in the robo-advisory market are Betterment LLC, Wealthfront, Nutmeg, Personal Capital, The Vanguard Group, FutureAdvisor, etc.What is covered in the report?1.
The market research report on the global Robo Advisory Market offers extensive overview of the industry scenario and gives insights into crucial aspects of market such as market size, market share, revenue growth, regional bifurcation, and macro- and micro-economic factors affecting the growth of the market.
The research report is a comprehensive analysis of the Robo Advisory market and takes into consideration historical and current status of the global market scenario to provide a clear picture of the market dynamics.
The research repot further segments the global Robo Advisory market on the basis of type, application, end-user, and regions.
It provides crucial information about current market dynamics including key drivers and restraints and recent mergers and acquisitions and collaborations.
The Robo Advisory market report offers key insights into market size, market share, revenue growth, revenue share, top companies, and growth rate.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3791The global Robo Advisory market research report covers study of competitive landscape, product analysis, application analysis, regional analysis, revenue assessment, cost structure analysis, and revenue forecast up to 2028.
The report covers a complete analysis of the Robo Advisory industry and offers the reader a competitive advantage to stay ahead of the other players.Key companies operating in the global market and profiled in the report:BettermentBlooomCharles Schwab CorporationFidelity Investments Inc. (FMR LLC)Personal Capital CorporationSoFiSigFigThe Vanguard Group Inc.Wealthfront Inc.WiseBanyan Inc.Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/3791The report offers a comprehensive analysis of the key geographical regions to provide insights into key factors influencing market growth in the regions.
