The global robo advisory market size is expected to reach USD 72.00 billion by 2032, according to a new study by Polaris Market Research. The report “Robo Advisory Market Share, Size, Trends, Industry Analysis Report, By Type (Pure Robo Advisors, Hybrid Robo Advisors); By Provider; By Service Type; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
A Robo-advisor is an artificial intelligence-driven virtual financial advisor that offers services such as investing and portfolio management advice. These platforms utilize automated, algorithm-driven processes, minimizing the need for human intervention. Typically, they specialize in automating and optimizing passive indexing strategies, primarily employing mean-variance optimization.
Robo-advisors offer cost-effective solutions by minimizing human interaction, making them attractive to major industry players seeking efficiency. Through algorithmic calculations, these services provide comprehensive solutions digitally, meeting consumer demands efficiently. Additionally, they have the potential to address low client satisfaction levels in the banking sector, driving further adoption. By utilizing online questionnaires to assess clients' risk tolerance, financial status, and investment objectives, robo-advisors simplify the investment process compared to traditional methods, further fueling market demand.
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Advantages of Robo-advisors include the provision of high-quality, low-cost portfolios, tax-loss harvesting, and secure investments. These platforms base their recommendations on real-time data and current economic conditions, reducing credit risk and aiding consumer adaptation to technology. However, ongoing technological advancements and regulatory adaptations are expected to ease the challenges in the market, fostering continued Robo-advisors market growth.
Many retail investors are drawn to robo advisory platforms for the educational resources and tools they offer. These platforms provide educational content, interactive tools, and user-friendly interfaces that empower retail investors to make informed decisions about their finances. By increasing financial literacy and engagement, robo advisors attract and retain retail investors over the long term.
Advances in artificial intelligence, machine learning, and big data analytics have enhanced the capabilities of robo advisors, allowing them to offer more sophisticated investment solutions. These technological advancements improve portfolio management, risk assessment, and asset allocation, driving the growth of the robo advisory industry.
Robo Advisory Market Report Highlights
Polaris Market Research has segmented the robo advisory market report based on type, provider, service type, end-use, and region
Robo Advisory, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Robo Advisory, Provider Outlook (Revenue - USD Billion, 2019 - 2032)
Robo Advisory, Service Type Outlook (Revenue - USD Billion, 2019 - 2032)
Robo Advisory, End Use Outlook (Revenue - USD Billion, 2019 - 2032)
Robo Advisory, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 9.50 billion |
Revenue forecast in 2032 |
USD 72.00 billion |
CAGR |
28.8% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments covered |
By Type, By Provider, By Service Type, By End Use, By Region. |
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region, and segmentation. |
For Specific Research Requirements |