Global Robo-Advisors Market: Overview
The recent advancements in the fields of machine learning (ML), artificial intelligence (AI), and neural research are promising to revolutionize the business models of a number of industries wherein there has always been a strong demand for automation of complex activities that are handled by humans and hence are prone to errors. Primarily in the financial sector, the need to manage wealth in digital manners has paved to way an incrementing demand for robo-advisors, which use preset algorithms to sort consumers on the basis of their ability to manage risk and hence offer predefined and low-cost ETFs. It has been observed that the advent of robo-advisors has reduced the cost of wealth management from 1.0% to 2.0% to 0.15% to 0.50% of the total assets. These advisors helps in developing a portfolio for the clients, automates rebalancing, and tax-loss harvesting. Since it works under a transparent technology and offers effective and unbiased financial advice, the demand in the global robo-advisors market will continue to multiply during the forecast period of 2017 to 2025, according to this business and commerce study by Transparency Market Research.
Global Robo-Advisors Market: Key Research Aspects
The analysts of this report have developed a comprehensive study regarding the commerce of the market for robo-advisors, starting off with a crisp executive summary of the current condition and its future prospects. Then, there is a dedicated analysis chapter on various factors that may define the demand going forward, such as drivers, trends, opportunities, and challenges. Strong impetus has also been put on the segmentation of the market as it is essential for any business to identify which aspects have stronger demand rather than concentrating on a tradition. To complete a through business study, the report finishes off with a featured section on the competitive landscape, wherein top three and top five companies have been identified for their market shares, recent strategic decisions, product portfolio, and geographical presence.
Global Robo-Advisors Market: Trends and Opportunities
The sheer benefits of robo-advisors in order to enable automatic management of individual’s wealth on the basis of algorithms is the primary driver of the global robo-advisors market. A number of small investors can now use robo-advisors to monitor the development of their portfolio as they are available at low starting prices, offer attractive returns, and are transparent, strikingly different and innovative than classical investment plans offered by the banking sector. It has been observed by the analysts of the TMR report that the current and upcoming generation across various emerging economies are technology savvy and are preferring digital tools. In addition to that, the vendors of financial advices are also embracing the new technologies as they can help them serve a larger pool of customers in a time-efficient manner.
On the other hand, the lack of direct contact or personalized support to the clients, escalating risk profiles due to changing factors such as retirement and income, and inability to adapt to changing scenarios on the run-time are a few factors obstructing the robo-advisors market from attaining its true potential.
Based on the mode of automation, the global robo-advisors market can be segmented into fully automated and semi-automated, whereas on the basis of services, the market can be bifurcated into tax-loss harvesting, retirement planning, and investment advisors, wealth management, business to business robo advisors, and personal financial advisors.
Global Robo-Advisors Market: Regional Analysis
Geographically, the report takes stock of the potential of the demand that can be expected from every important region including North America, Asia Pacific, Europe, South America, and the Middle East and Africa.
Global Robo-Advisors Market: Competitive Landscape
Wealthfront Inc., Betterment Holdings Inc., Charles Schwab & Co., Bambu, Hedgeable, Inc., WiseBanyan, Inc., Ally Financial Inc., AssetBuilder Inc., SigFig Wealth Management, and blooom, Inc. are some of the key companies operating in this market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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