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Robo Advisory Market to Hit $41.07 Billion, Globally, By 2027 at 31.8% CAGR | Opportunity Analysis and Industry 08-16-2023 08:18 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: www.alliedmarketresearch.com (adsbygoogle = window.adsbygoogle || []).push({}); Surge in adoption of advanced technologies, trend of digitization in financial institutions, and favorable government initiatives drive the growth of the global robo advisory market Get PDF Sample: https://www.alliedmarketresearch.com/request-sample/2105 Robo Advisory Market By Business Model (Pure Robo Advisors and Hybrid Robo Advisors), Service Providers (FinTech Robo Advisors, Banks, Traditional Wealth Managers and Others), Service Type (Direct Plan-based/Goal-based and Comprehensive Wealth Advisory), and End User (Retail Investor and High Net Worth Individuals (HNIs)): Global Opportunity Analysis and Industry Forecast, 2020-2027". According to the report, the global robo advisory industry garnered $4.51 billion in 2019, and is projected to generate $41.07 billion by 2027, manifesting a CAGR of 31.8% from 2020 to 2027. (adsbygoogle = window.adsbygoogle || []).push({}); The Hybrid Robo Advisors Segment to Retain Its Dominance By 2027 By business model, the hybrid robo-advisors segment accounted for the largest market share, contributing to nearly four-fifths of the global robo advisory market in 2019, and will continue its lead position during the forecast period. Moreover, this segment is expected to register the largest CAGR of 32.6% from 2020 to 2027. This is attributed to increase in international trades & investments and rise in requirements for customized portfolios for funds. The report also discusses the pure robo-advisors segment. The HNIs Segment to Maintain Its Dominance in Terms of Revenue By 2027 By end user, the HNIs segment contributed to the largest share in 2019, holding around two-thirds of the global robo advisory market, and is projected to maintain its dominance in terms of revenue by 2027. This is due to massive shift toward HNIs from traditional advisory services in developed and developing countries. However, the retail segment is expected to manifest at the fastest CAGR of 33.6% from 2020 to 2027, owing to increase in adoption of automated portfolio management across the globe. Buy Now: https://www.alliedmarketresearch.com/checkout-final/fedcbbe35be6a18ef33d169646885da5?utm_source=AMR&utm_medium=research&utm_campaign=P19623 North America to Maintain Its Leadership Status By 2027 By region, North America contributed to the highest market share in 2019, accounting for more than half of the global robo advisory market, and will maintain its leadership status by 2027. This is due to investments in mutual funds or ETFs made through robo advisor software. However, Asia-Pacific is expected to witness the highest CAGR of 34.8% during the forecast period, owing to key market players of the software establishing their presence in the emerging countries including China and India. Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/2105 Leading Market Players Betterment Charles Schwab Corporation Blooom Personal Capital Corporation FMR LLC SIGFIG SoFi Wealthfront Corporation The Vanguard Group, Inc. WiseBanyan, Inc. Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia. If you have any special requirements, please let us know and we will offer you the report as per your requirements. Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. More Reports: Bitcoin Mining Hardware Market : https://www.alliedmarketresearch.com/bitcoin-mining-hardware-market-A47357 Road Assistance Insurance Market : https://www.alliedmarketresearch.com/road-assistance-insurance-market-A31872 Smart Finance Hardware Market : https://www.alliedmarketresearch.com/smart-finance-hardware-market-A31798 Voice Banking Market : https://www.alliedmarketresearch.com/voice-banking-market-A31730 Insurance Aggregators Market : https://www.alliedmarketresearch.com/insurance-aggregators-market-A31712 Online Insurance Market : https://www.alliedmarketresearch.com/online-insurance-market-A31675 Regional Reports: https://www.alliedmarketresearch.com/north-america-robo-advisory-market-A187464 https://www.alliedmarketresearch.com/u-s-robo-advisory-market-A187465 https://www.alliedmarketresearch.com/canada-robo-advisory-market-A187466 https://www.alliedmarketresearch.com/uk-robo-advisory-market-A187468 https://www.alliedmarketresearch.com/asia-pacific-robo-advisory-market-A187473 https://www.alliedmarketresearch.com/china-robo-advisory-market-A187474 https://www.alliedmarketresearch.com/lamea-robo-advisory-market-A187479 David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. This release was published on openPR. Permanent link to this press release: Copy Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release. 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