Robo-Advisory Software Market: Current Analysis and Forecast (2023-2030)

The Robo-Advisory Software Market was valued at 300 million in 2022 and is expected to grow at a steady rate of around 25.1% in the forecasted period (2023-2030) owing to the growing prevalence of smartphones and the increase in the number of internet users worldwide. Robo-advisory software is a type of software that provides automated investment management services to clients. It uses algorithms and machine learning to analyze market data, determine optimal investment strategies, and execute trades on behalf of clients. This offers a range of services, including portfolio management, tax-loss harvesting, and automatic rebalancing. They also provide real-time access to account balances, investment performance, and market news. The robo-advisory services are becoming increasingly popular among investors due to their convenience and accessibility. They offer a cost-effective way for individuals to invest funds, making it more affordable for a wider range of people to participate in the financial market. This, in turn, is contributing to the growth of the Robo-Advisory Software Market.

Some of the major players operating in the market include: Betterment LLC; Wealthfront Corporation; The Vanguard Group, Inc.; Charles Schwab & Co., Inc.; BlackRock, Inc. (FutureAdvisor); Axos Financial, Inc.; SigFig Wealth Management, LLC; Ginmon Vermogensverwaltung GmbH; Ellevest; Social Finance, Inc.

Insights Presented in the Report:

"Amongst providers, fintech robo advisor category to witness significant market growth during the forecast period."

Based on provider, the market is segmented into fintech robo advisors, banks, traditional wealth managers, and others. Among them, the fintech robo advisor segment is likely to have a significant impact on the market. Fintech companies worldwide are using a combination of automation and personalization to provide financial advice to their customers. Additionally, they are quickly deploying robo-advisors using advanced technologies such as artificial intelligence and quantitative finance. This will enable them to provide reliable and accurate investment advice to retail investors, helping them avoid making poor investment decisions.

"North America to hold a significant share in the market."

North America is anticipated to hold a considerable share of the market as the region has a high adoption rate of digital financial services, which has led to a large number of investors looking for automated investment solutions. Additionally, the presence of a large number of financial technology companies in the region has led to a high level of innovation in the Robo-Advisory space. Furthermore, the region has a large number of high net worth individuals who are willing to invest in automated investment solutions. For instance, in Nov 2022, JPMorgan Chase introduced a new hybrid robo-advisory program called J.P. Morgan Personal Advisors. This program aims to provide investors with a digital platform for investing and access to human financial advisors for ongoing guidance. The program is open to all investors, but the company expects it to primarily benefit customers who use JPMorgan's banking or credit card services and are interested in wealth management services but do not want to meet with in-branch advisors.

Frequently Asked Questions (FAQ)

Q1: What is the current market size and growth potential of the global Robo-Advisory Software market?

ns: The global Robo-Advisory Software market was valued at USD 300 Million in 2022 and is expected to grow a CAGR of 25.1% during the forecast period (2023-2030).

Q2: What are the driving factors for the growth of the global Robo-Advisory Software Market?

Ans: Rapid digitalization in financial services, Technological innovations in digital investment platforms, etc.

Q3: Which segment has the largest share of the global Robo-Advisory Software market by business model?

Ans: Hybrid robo advisors are anticipated to hold the largest share of the market.

Q4: What are the emerging technologies and trends in the global Robo-Advisory Software market?

Ans: Artificial Intelligence (AI) and Machine Learning (ML), Natural Language Processing (NLP), etc.

Q5: Which region will dominate the global Robo-Advisory Software market?

Ans: North America is expected to dominate the market during the forecast period.

Q6: Who are the key players operating in the global Robo-Advisory Software market?

Ans: Betterment LLC; Wealthfront Corporation; The Vanguard Group, Inc.; Charles Schwab & Co., Inc.; BlackRock, Inc. (FutureAdvisor); Axos Financial, Inc.; SigFig Wealth Management, LLC; Ginmon Vermogensverwaltung GmbH; Ellevest; Social Finance, Inc.

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The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

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The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

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