The Latin America, Middle East and Africa Robo Advisory Market would witness market growth of 34.3% CAGR during the forecast period (2022-2028).
Robo-advisors differentiate themselves by providing an intuitive investing experience with fully digital and online procedures. The challenge with robo-advisory lies in part in the design of the platforms, which limit customization for self-driven shareholders while access to skilled options for investors is often a premium solution. Robo-advisory is a term that was coined in the 1990s to describe computer-generated investment advice.
Robo-advisors are computer programs that offer advice on managing investment portfolios via the use of automated, algorithm-based methods. The consumer is put at the center of these advances, and the technology is built based on what the user wants and needs, which is why these services are designed using customer-centric thinking. This makes the market accessible to a greater number of individuals, which is a technique that is gaining favor among many financial institutions and makes it possible for new opportunities to arise inside the market.
Customers are gravitating toward robo-advice for a variety of compelling reasons. In the first place, this will result in cheaper transaction costs as well as lower required minimum investments. Second, it ensures a more effective and efficient administration of investments. This is because the vast majority of robo-offerings provide portfolio management utilizing algorithmically-based automated investment solutions.
Fintech solutions for healthcare, healthcare verticalization, and alterations in how and where consumers pay for healthcare are all areas of increasing interest. The market is anticipated to be significantly impacted by the expansion of e-commerce, the adoption of digital payments, the increase of investments in blockchain technology, and the implications of COVID-19. Dubai and Bahrain are the most advanced nations in the area in terms of fintech. IBM and Dubai's AI Roadmap cooperated to construct the world's first AI lab.
The Brazil market dominated the LAMEA Robo Advisory Market by Country in 2021; thereby, achieving a market value of $428.1 million by 2028. The Argentina market is showcasing a CAGR of 35% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 33.9% during (2022 - 2028).
Based on Provider, the market is segmented into Fintech Robo Advisors, Banks, Traditional Wealth Managers and Others. Based on End User, the market is segmented into High Net Worth Individuals and Retail Investor. Based on Service Type, the market is segmented into Direct Plan-based/Goal-based and Comprehensive Wealth Advisory. Based on Type, the market is segmented into Hybrid Robo Advisors and Pure Robo Advisors. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Robo Advisory Market is Predict to reach $24 Billion by 2028, at a CAGR of 29.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wealthify Limited (Aviva plc), The Charles Schwab Corporation, Betterment LLC, Fincite GmbH, Wealthfront Corporation, The Vanguard Group, Inc., Ellevest, Inc., Ginmon Vermögensverwaltung GmbH, SigFig Wealth Management, LLC and Social Finance.
Scope of the Study
Market Segments Covered in the Report:
By Provider
- Fintech Robo Advisors
- Banks
- Traditional Wealth Managers
- Others
By End User
- High Net Worth Individuals
- Retail Investor
By Service Type
- Direct Plan-based/Goal-based
- Comprehensive Wealth Advisory
By Type
- Hybrid Robo Advisors
- Pure Robo Advisors
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Wealthify Limited (Aviva plc)
- The Charles Schwab Corporation
- Betterment LLC
- Fincite GmbH
- Wealthfront Corporation
- The Vanguard Group, Inc.
- Ellevest, Inc.
- Ginmon Vermögensverwaltung GmbH
- SigFig Wealth Management, LLC
- Social Finance
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Robo Advisory Market, by Provider
1.4.2 LAMEA Robo Advisory Market, by End User
1.4.3 LAMEA Robo Advisory Market, by Service Type
1.4.4 LAMEA Robo Advisory Market, by Type
1.4.5 LAMEA Robo Advisory Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Robo Advisory Market by Provider
3.1 LAMEA Fintech Robo Advisors Market by Country
3.2 LAMEA Banks Market by Country
3.3 LAMEA Traditional Wealth Managers Market by Country
3.4 LAMEA Others Market by Country
Chapter 4. LAMEA Robo Advisory Market by End User
4.1 LAMEA High Net Worth Individuals Market by Country
4.2 LAMEA Retail Investor Market by Country
Chapter 5. LAMEA Robo Advisory Market by Service Type
5.1 LAMEA Direct Plan-based/Goal-based Market by Country
5.2 LAMEA Comprehensive Wealth Advisory Market by Country
Chapter 6. LAMEA Robo Advisory Market by Type
6.1 LAMEA Hybrid Robo Advisors Market by Country
6.2 LAMEA Pure Robo Advisors Market by Country
Chapter 7. LAMEA Robo Advisory Market by Country
7.1 Brazil Robo Advisory Market
7.1.1 Brazil Robo Advisory Market by Provider
7.1.2 Brazil Robo Advisory Market by End User
7.1.3 Brazil Robo Advisory Market by Service Type
7.1.4 Brazil Robo Advisory Market by Type
7.2 Argentina Robo Advisory Market
7.2.1 Argentina Robo Advisory Market by Provider
7.2.2 Argentina Robo Advisory Market by End User
7.2.3 Argentina Robo Advisory Market by Service Type
7.2.4 Argentina Robo Advisory Market by Type
7.3 UAE Robo Advisory Market
7.3.1 UAE Robo Advisory Market by Provider
7.3.2 UAE Robo Advisory Market by End User
7.3.3 UAE Robo Advisory Market by Service Type
7.3.4 UAE Robo Advisory Market by Type
7.4 Saudi Arabia Robo Advisory Market
7.4.1 Saudi Arabia Robo Advisory Market by Provider
7.4.2 Saudi Arabia Robo Advisory Market by End User
7.4.3 Saudi Arabia Robo Advisory Market by Service Type
7.4.4 Saudi Arabia Robo Advisory Market by Type
7.5 South Africa Robo Advisory Market
7.5.1 South Africa Robo Advisory Market by Provider
7.5.2 South Africa Robo Advisory Market by End User
7.5.3 South Africa Robo Advisory Market by Service Type
7.5.4 South Africa Robo Advisory Market by Type
7.6 Nigeria Robo Advisory Market
7.6.1 Nigeria Robo Advisory Market by Provider
7.6.2 Nigeria Robo Advisory Market by End User
7.6.3 Nigeria Robo Advisory Market by Service Type
7.6.4 Nigeria Robo Advisory Market by Type
7.7 Rest of LAMEA Robo Advisory Market
7.7.1 Rest of LAMEA Robo Advisory Market by Provider
7.7.2 Rest of LAMEA Robo Advisory Market by End User
7.7.3 Rest of LAMEA Robo Advisory Market by Service Type
7.7.4 Rest of LAMEA Robo Advisory Market by Type
Chapter 8. Company Profiles
8.1 Wealthify Limited (Aviva plc)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.2 The Charles Schwab Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.3 Betterment LLC
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Partnerships, Collaborations, and Agreements:
8.4 Fincite GmbH
8.4.1 Company Overview
8.5 Wealthfront Corporation
8.5.1 Company Overview
8.6 The Vanguard Group, Inc.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.7 Ellevest, Inc.
8.7.1 Company Overview
8.8 Ginmon Vermögensverwaltung GmbH
8.8.1 Company Overview
8.9 SigFig Wealth Management, LLC
8.9.1 Company Overview
8.10. Social Finance
8.10.1 Company Overview
TABLE 1 LAMEA Robo Advisory Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Robo Advisory Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 4 LAMEA Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 5 LAMEA Fintech Robo Advisors Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Fintech Robo Advisors Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Banks Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Banks Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Traditional Wealth Managers Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Traditional Wealth Managers Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 14 LAMEA Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 15 LAMEA High Net Worth Individuals Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA High Net Worth Individuals Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Retail Investor Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Retail Investor Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 20 LAMEA Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 21 LAMEA Direct Plan-based/Goal-based Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Direct Plan-based/Goal-based Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Comprehensive Wealth Advisory Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Comprehensive Wealth Advisory Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 26 LAMEA Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 27 LAMEA Hybrid Robo Advisors Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Hybrid Robo Advisors Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Pure Robo Advisors Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Pure Robo Advisors Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Robo Advisory Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Robo Advisory Market by Country, 2022 - 2028, USD Million
TABLE 33 Brazil Robo Advisory Market, 2018 - 2021, USD Million
TABLE 34 Brazil Robo Advisory Market, 2022 - 2028, USD Million
TABLE 35 Brazil Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 36 Brazil Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 37 Brazil Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 38 Brazil Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 39 Brazil Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 40 Brazil Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 41 Brazil Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 42 Brazil Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 43 Argentina Robo Advisory Market, 2018 - 2021, USD Million
TABLE 44 Argentina Robo Advisory Market, 2022 - 2028, USD Million
TABLE 45 Argentina Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 46 Argentina Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 47 Argentina Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 48 Argentina Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 49 Argentina Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 50 Argentina Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 51 Argentina Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 52 Argentina Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 53 UAE Robo Advisory Market, 2018 - 2021, USD Million
TABLE 54 UAE Robo Advisory Market, 2022 - 2028, USD Million
TABLE 55 UAE Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 56 UAE Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 57 UAE Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 58 UAE Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 59 UAE Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 60 UAE Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 61 UAE Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 62 UAE Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 63 Saudi Arabia Robo Advisory Market, 2018 - 2021, USD Million
TABLE 64 Saudi Arabia Robo Advisory Market, 2022 - 2028, USD Million
TABLE 65 Saudi Arabia Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 66 Saudi Arabia Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 73 South Africa Robo Advisory Market, 2018 - 2021, USD Million
TABLE 74 South Africa Robo Advisory Market, 2022 - 2028, USD Million
TABLE 75 South Africa Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 76 South Africa Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 77 South Africa Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 78 South Africa Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 79 South Africa Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 80 South Africa Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 81 South Africa Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 82 South Africa Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 83 Nigeria Robo Advisory Market, 2018 - 2021, USD Million
TABLE 84 Nigeria Robo Advisory Market, 2022 - 2028, USD Million
TABLE 85 Nigeria Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 86 Nigeria Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 87 Nigeria Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 88 Nigeria Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 89 Nigeria Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 90 Nigeria Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 91 Nigeria Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 92 Nigeria Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 93 Rest of LAMEA Robo Advisory Market, 2018 - 2021, USD Million
TABLE 94 Rest of LAMEA Robo Advisory Market, 2022 - 2028, USD Million
TABLE 95 Rest of LAMEA Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 96 Rest of LAMEA Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 97 Rest of LAMEA Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 98 Rest of LAMEA Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 99 Rest of LAMEA Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 100 Rest of LAMEA Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 101 Rest of LAMEA Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 102 Rest of LAMEA Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 103 Key Information – Wealthify Limited
TABLE 104 Key Information – The Charles Schwab Corporation
TABLE 105 Key Information – Betterment LLC
TABLE 106 Key Information – Fincite GmbH
TABLE 107 Key Information – Wealthfront Corporation
TABLE 108 Key Information – The Vanguard Group, Inc.
TABLE 109 Key Information – Ellevest, Inc.
TABLE 110 Key Information – Ginmon Vermögensverwaltung GmbH
TABLE 111 Key Information – SigFig Wealth Management LLC
TABLE 112 Key Information – Social Finance
List of Figures
FIG 1 Methodology for the research