Robo-Advisory Software Market to Exhibit Significant Opportunity Assessment During the Forecast Period (2020-2030)

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Overview

According to Market Research Future, the global Robo-Advisory Software market has been segmented into deployment, organization size, application, and region/country. The global Robo-Advisory Software market size is expected to register an exponential CAGR of 25.1% from 2021 to 2030 and reach USD 1,752.3 million by 2030.

Robo advisor is not a new term, it is already in the market for two decades, however, the technology has geared up in the last four to five years. The current surge of Robo-advice is already shifting the advisory industry landscape. The low fees are encouraging the adoption of the Robo advisors, in turn, fuelling the adoption of Robo-advisory software tools. The traditional advisor model replacing by the modern Robo-advisory model and is expected to make a significant impact on the future portfolio management system.

Robo-advisory software is used by wealth managers to automate portfolio management and provide investment advice without human assistance. Robo-advisory software platforms automate portfolio creation based on an input of acceptable risk parameters, income, and other factors of a client’s investment mandate. These applications can also automate the reinvestment of dividends and tax optimization activities. The software tool uses algorithms and Artificial Intelligence (AI) to give advisors unique insights about their clients to lower churn and increase engagement. Many traditional advisory businesses are already turned into modern advisory firms by adapting the Robo-advisory tool which performs all business functions with minimum human engagement. Robo advice is a rising trend that is becoming broadly accepted. Robo-advising is not just about automation and the use of digital techniques to build as well as manage portfolios; Robo advisor software provides advisors with the tools to address their market, competitively.

Market Dyanamics

Robo-advisory software market trends is expected to achieve record growth in terms of adoption and revenue during the projected period. The major growth is driven by the rapid automation across the financial institutions to manage the client’s portfolio, the rising demand for Robo-advisory software tools over the traditional advisory owing to the lower management costs and convenience, and upsurging demand for the enhanced customer experience across the financial sectors. However, the risk associated with Robo-advisory software such as cyberattacks, or IT glitches or outages is expected to hinder the market growth. Besides, regulatory challenges could also pose a major challenge for the players to some extent. The rapid adoption of Robo-advisory services across the emerging economies is expected to open up lucrative opportunities for the key players

Segmental Analysis

The global Robo-advisory software has been segmented into deployment, organization size, end user, and region/country.

Based on the deployment, the market has been segmented into on-cloud and on-premises. The on-cloud segment holds the largest share within the market and is expected to exhibit robust growth during the anticipated period. This can be attributed to the low cost and affordable flexible features given by the cloud.

Based on the organization size, the market has been segmented into SMEs and large enterprises. SMEs are expected to exhibit the fastest growth during the projected period. This can be attributed to an increased number of small and medium wealth management firms.

Based on end user, financial services companies dominated the market and is expected to retain their dominance throughout the projected period. However, banks are expected to exhibit the fastest growth rate during the anticipated period.

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Regional Analysis

The global Robo-Advisory Software market is expected to gain significant revenue from the various continents during the projected period. The geographic analysis of the global Robo-Advisory Software market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is further classified into the US, Canada, and Mexico. Europe is further classified into the UK, Germany, France, and the Rest of Europe. The Asia Pacific is further segmented into China, Japan, India, and the Rest of Asia Pacific. North America holds the leading share within the market owing to the rapid adoption of the Robo-based advisory model by wealth managers and investors. The US is the leading nation in adopting a 100% automated investment platform. The Europe region holds the second position in the global market in terms of revenue. This can be attributed to an increasing number of Robo-based wealth management services by financial institutions. The UK, Germany, France, Italy, Spain, Benelux, and Nordic Countries have shown significant adoption of the Robo-based advisory. Moreover, the presence of prominent vendors such as Empirica (Poland), Profile Software (UK), Techrules (Spain), WeAdvise (Germany), Additive AG (Germany), Comarch (Poland), and FA Solutions Oy (Finland) are also augmenting the growth of the market. Asia-Pacific region is expected to grow with the fastest CAGR rate during the forecast period. Asia Pacific region has seen a rapid boom the market growth owing to digitalization across the financial sector. China, Japan, India, Singapore, and Australia are the major growth engines of the market growth.

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Key Players

Empirica (Poland), InvestCloud, Inc. (US), Mangosteen BCC Pte Ltd. (Bambu) (Singapore), Profile Software (UK), Techrules (Spain), AdvisorEngine (US), REDVision Technologies (India), Vestmark, Inc. (US), Pintec (China), WeAdvise (Germany), Additive AG (Germany), Accord Fintech Pvt. Ltd. (India), AQUMON (Hong Kong), EbixCash Financial Technologies (India), Comarch (Poland), and FA Solutions Oy (Finland) are the key companies of the global Robo-Advisory Software market.

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