Global Robo-advisory Market Analyses & Forecasts (2015-2023) with 2018 as the Base Year - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--

The "Global Robo-advisory Market (2015-2023)" report has been added to ResearchAndMarkets.com's offering.

The global robo-advisory market is expected to grow at an overall annual compound growth rate (CAGR) of 53.54% from 2018 to 2023 leading to a global revenue of USD 73.7 billion by 2023.

The 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 along with advanced technology. Increasing competition with new entrants and diversified services is one of the primary factors that is expected to augment the demand of robo-advisors at an extensive rate in the coming years.

Definition and suitability of financial advice along with conflicts of interests of the clients is one of the most important factors that is expected to limit the demand of different robo-advisors in the coming years. Moreover, robustness and transparency of algorithms and consumer disengagement of business models is also challenging the growth of the market worldwide.

Depending on various types of robo-advisory services available in the market, the global robo-advisory market has been classified into pure robo-advisors and hybrid robo-advisors. Among the different types, demand for hybrid robo-advisors is anticipated to be the most promising in the coming years. This is due to the increased affordability and accessibility with low financial assistance fee and rising objectivity, consistency and transparency.

In addition, demand for robo-advisory services from various client asset segments including pension funds, insurance companies, sovereign wealth funds, high-net-worth individuals and the mass affluent is also provided in this report. Demand for automated financial services from mass affluent individuals held the largest market share in 2017 and is anticipated to maintain its dominance during the forecast period.

Some of the major players in the robo-advisory market are Betterment, Wealthfront, Nutmeg, Personal Capital, The Vanguard Group, FutureAdvisor, etc.

Key Topics Covered

Chapter 1 Executive Summary

Chapter 2 Global Robo-Advisory Market - Market Overview

Chapter 3 North America Robo-Advisory Market

Chapter 4 Europe Robo-Advisory Market

Chapter 5 Asia-Pacific Robo-Advisory Market

Chapter 6 Latin America Robo-Advisory Market

Chapter 7 Middle East & Africa Robo-Advisory Market

Chapter 8 Competitive Landscape

Chapter 9 Conclusion

Companies Profiled

• Betterment LLC
• Wealthfront
• Personal Capital
• Nutmeg
• FutureAdvisor
• The Vanguard Group
• Charles Schwab Corporation
• Hedgeable Inc.
• Stash Invest

For more information about this report visit https://www.researchandmarkets.com/research/c9k7lt/global?w=4