Global Robo Advisory Market Growth, Size & Forecast to 2033: Industry Trends & Insights

The global Robo advisory market size reached USD 11.8 Billion in 2024. It is expected to grow to USD 92.2 Billion by 2033, with a CAGR of 24.33% during the forecast period from 2025 to 2033. This growth is driven by increasing demand for accessible financial solutions, technological advances, ongoing digital transformation, and rising financial literacy. 

Study Assumption Years

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Period: 2025-2033

Robo Advisory Market Key Takeaways

• Current Market Size: USD 11.8 Billion in 2024
• CAGR: 24.33%
• Forecast Period: 2025-2033
• Rising demand for algorithmic calculations to analyze data and provide comprehensive information is driving growth.
• Technological advancements like AI and machine learning integration are reducing human intervention errors.
• North America dominates due to high smartphone and internet usage facilitating easy access.
• Lack of personalized human interaction is a challenge; however, tech-savvy millennials and Gen Z offer growth opportunities.
• The market sees a rising number of smartphone users and growing digital transformation.

Sample Request Link: 

https://www.imarcgroup.com/robo-advisory-market/requestsample

Market Growth Factors

The increasing demand for robo advisory platforms over traditional investments is a primary growth driver, as they eliminate credit risks by providing secure investments and accurate decision-making based on real-time data. The market benefits from the widespread need for performing algorithmic calculations to analyze data and deliver comprehensive information efficiently.

Technological advancements, especially the large-scale integration of artificial intelligence (AI) and machine learning (ML), have minimized human error in complex event processing. These innovations enable robo-advisors to offer more accurate and personalized financial advice, portfolio optimization, and risk management, which significantly contributes to market expansion.

Digital transformation also plays a crucial role, with the global digital transformation market reaching US $692 Billion in 2023 and expected to grow at a CAGR of 16.9% through 2032. This transformation supports robo-advisors in integrating advanced technologies like AI, machine learning, and big data analytics, enhancing the efficiency and appeal of robo advisory services among digital-savvy investors.

Market Segmentation

By Business Model:

• Pure Robo Advisors
• Hybrid Robo Advisors

Hybrid robo advisors dominate the market by combining automated investment strategies with human advisory services, catering especially to investors with complex financial needs who seek personalized attention alongside cost-effective automated management.

By Service Type:

• Direct Plan-Based/Goal-Based
• Comprehensive Wealth Advisory

Comprehensive wealth advisory accounts for the majority of the market, addressing the growing complexity of individuals' financial situations with a holistic approach covering diversified income, business ownership, international assets, and long-term wealth planning.

By Provider:

• Fintech Robo Advisors
• Banks
• Traditional Wealth Managers
• Others

Fintech robo advisors hold the largest market share, offering low-cost, professionally managed portfolios favored by tech-savvy millennials and Gen Z who value convenience and transparency.

By End User:

• Retail Investor
• High Net Worth Individuals (HNIs)

HNIs represent the majority market segment due to robo-advisors' cost efficiency, transparent pricing, and advanced portfolio strategies including alternative assets exposure, catering to sophisticated investment goals.

By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Regional Insights

North America currently dominates the global robo advisory market. The high rate of digital adoption, advanced technological infrastructure, and widespread familiarity with digital financial services in the U.S. and Canada have accelerated robo-advisory service adoption. The region benefits from advancements in AI, machine learning, and big data analytics, providing efficient, personalized, and automated investment solutions.

Recent Developments & News

In October 2024, Futu Holdings Limited launched ETF-based intelligent robo-advisory services offering personalized investment solutions aligned with clients' risk appetites and preferences. In August 2024, Scripbox introduced a robo-advisory app aimed at direct mutual fund investors, featuring financial planning, risk profiling, and portfolio review aspects. In February 2024, Revolut launched its Robo-Advisor service in the EEA, automating investing based on user-specific circumstances such as risk tolerance and financial goals, with portfolios that rebalance automatically with market movements.

Key Players

• Betterment
• Ellevest
• Fincite Gmbh
• Ginmon Vermögensverwaltung GmbH
• SigFig Wealth Management LLC
• SoFi Technologies Inc.
• The Charles Schwab Corporation
• The Vanguard Group Inc.
• Wealthfront Corporation
• Wealthify Limited (Aviva plc)

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA,

Email: sales@imarcgroup.com,

Tel No: (D) +91 120 433 0800,

United States: +1-201971-6302