Robo Advisory Market By Demand, Trends, Share And Forecast 2023 - 2032 | Betterment LLC, Bambu, Blooom Inc., Ellevest, FutureAdvisor

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the robo advisory market report by The Business Research Company, 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.

The global robo advisory market size grew from $28.24 billion in 2022 to $41.52 billion in 2023 at a compound annual growth rate (CAGR) of 47.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The robo advisory market size is expected to grow to $205.84 billion in 2027 at a CAGR of 49.2%.

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https://www.thebusinessresearchcompany.com/report/robo-advisory-global-market-report

Major competitors in the Robo Advisory market include 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.

The 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, Other Providers

By Business Model: Pure Robo Advisors, Hybrid Robo Advisors

By End User: Healthcare, Education, Retail, Other End Users

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Robo Advisory market.

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Robo-advisor refers to a type of automated financial advisor that provides algorithm-driven wealth management services with little to no human intervention. The robo advisory is 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.

The Table Of Content For The Robo Advisory Market Include:
1. Executive Summary
2. Robo Advisory Market Characteristics
3. Robo Advisory Market Trends And Strategies
4. Robo Advisory Market - Macro Economic Scenario
5. Robo Advisory Market Size And Growth
……
26. Africa Robo Advisory Market
27. Robo Advisory Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Robo Advisory Market
29. Robo Advisory Market Future Outlook and Potential Analysis
30. Appendix

The "Global Robo Advisory Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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