The Asia Pacific Robo Advisory Market would witness market growth of 30.4% CAGR during the forecast period (2022-2028).
Robo-advisors are computer programs that mimic the advice of human financial advisors. Betterment, the most successful company in the robo-advisor industry, saw this potential and encouraged customers to put their money into algorithm-driven portfolios so that they could receive consistent returns. Since that time, robo-advisory has become the industry buzzword, and many established companies in the wealth management sector have begun offering robo-advisors as part of the solution portfolio they offer to their customers.
Robo-advisors are meant to comprehend the needs of investors, offer an investment and allocation plan, execute the specified allocations, monitor the results, and perform portfolio rebalancing following the strategy. Robo-advisors make it simple to open up an account and provide complete education as well as powerful goal planning, portfolio management, account services, security measures, and increased client care.
Additionally, services such as tax-loss harvesting and retirement planning, which have previously been supplied primarily by major wealth managers, are sometimes bundled together as part of the product provided by robo-advisors. Robo-advisors offer efficiencies in addressing a wider range of investors, including the underpenetrated mass affluent and small investor segments of wealth management.
Hong Kong is a highly developed city with widespread internet and mobile phone access, which offers a solid foundation for the city's fintech ecosystem. According to Invest Hong Kong, 600 startups and fintech companies operate in the country. Similarly, 86% of regional banks already use or plan to employ fintech solutions for all financial services. The city is among the top five developed economies worldwide for consumer adoption of fintech. Since 2014, Hong Kong's fintech businesses have raised over $1.1 billion in venture funding.
The China market dominated the Asia Pacific Robo Advisory Market by Country in 2021; thereby, achieving a market value of $1.9 billion by 2028. The Japan market is registering a CAGR of 29.6% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 31.2% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Robo Advisory Market is Projected to reach USD 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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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 Asia Pacific Robo Advisory Market, by Provider
1.4.2 Asia Pacific Robo Advisory Market, by End User
1.4.3 Asia Pacific Robo Advisory Market, by Service Type
1.4.4 Asia Pacific Robo Advisory Market, by Type
1.4.5 Asia Pacific 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. Asia Pacific Robo Advisory Market by Provider
3.1 Asia Pacific Fintech Robo Advisors Market by Country
3.2 Asia Pacific Banks Market by Country
3.3 Asia Pacific Traditional Wealth Managers Market by Country
3.4 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Robo Advisory Market by End User
4.1 Asia Pacific High Net Worth Individuals Market by Country
4.2 Asia Pacific Retail Investor Market by Country
Chapter 5. Asia Pacific Robo Advisory Market by Service Type
5.1 Asia Pacific Direct Plan-based/Goal-based Market by Country
5.2 Asia Pacific Comprehensive Wealth Advisory Market by Country
Chapter 6. Asia Pacific Robo Advisory Market by Type
6.1 Asia Pacific Hybrid Robo Advisors Market by Country
6.2 Asia Pacific Pure Robo Advisors Market by Country
Chapter 7. Asia Pacific Robo Advisory Market by Country
7.1 China Robo Advisory Market
7.1.1 China Robo Advisory Market by Provider
7.1.2 China Robo Advisory Market by End User
7.1.3 China Robo Advisory Market by Service Type
7.1.4 China Robo Advisory Market by Type
7.2 Japan Robo Advisory Market
7.2.1 Japan Robo Advisory Market by Provider
7.2.2 Japan Robo Advisory Market by End User
7.2.3 Japan Robo Advisory Market by Service Type
7.2.4 Japan Robo Advisory Market by Type
7.3 India Robo Advisory Market
7.3.1 India Robo Advisory Market by Provider
7.3.2 India Robo Advisory Market by End User
7.3.3 India Robo Advisory Market by Service Type
7.3.4 India Robo Advisory Market by Type
7.4 South Korea Robo Advisory Market
7.4.1 South Korea Robo Advisory Market by Provider
7.4.2 South Korea Robo Advisory Market by End User
7.4.3 South Korea Robo Advisory Market by Service Type
7.4.4 South Korea Robo Advisory Market by Type
7.5 Singapore Robo Advisory Market
7.5.1 Singapore Robo Advisory Market by Provider
7.5.2 Singapore Robo Advisory Market by End User
7.5.3 Singapore Robo Advisory Market by Service Type
7.5.4 Singapore Robo Advisory Market by Type
7.6 Malaysia Robo Advisory Market
7.6.1 Malaysia Robo Advisory Market by Provider
7.6.2 Malaysia Robo Advisory Market by End User
7.6.3 Malaysia Robo Advisory Market by Service Type
7.6.4 Malaysia Robo Advisory Market by Type
7.7 Rest of Asia Pacific Robo Advisory Market
7.7.1 Rest of Asia Pacific Robo Advisory Market by Provider
7.7.2 Rest of Asia Pacific Robo Advisory Market by End User
7.7.3 Rest of Asia Pacific Robo Advisory Market by Service Type
7.7.4 Rest of Asia Pacific 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 Asia Pacific Robo Advisory Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Robo Advisory Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Fintech Robo Advisors Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Fintech Robo Advisors Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Banks Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Banks Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Traditional Wealth Managers Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Traditional Wealth Managers Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 15 Asia Pacific High Net Worth Individuals Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific High Net Worth Individuals Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Retail Investor Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Retail Investor Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Direct Plan-based/Goal-based Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Direct Plan-based/Goal-based Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Comprehensive Wealth Advisory Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Comprehensive Wealth Advisory Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Hybrid Robo Advisors Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Hybrid Robo Advisors Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Pure Robo Advisors Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Pure Robo Advisors Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Robo Advisory Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Robo Advisory Market by Country, 2022 - 2028, USD Million
TABLE 33 China Robo Advisory Market, 2018 - 2021, USD Million
TABLE 34 China Robo Advisory Market, 2022 - 2028, USD Million
TABLE 35 China Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 36 China Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 37 China Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 38 China Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 39 China Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 40 China Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 41 China Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 42 China Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 43 Japan Robo Advisory Market, 2018 - 2021, USD Million
TABLE 44 Japan Robo Advisory Market, 2022 - 2028, USD Million
TABLE 45 Japan Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 46 Japan Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 47 Japan Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 48 Japan Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 49 Japan Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 50 Japan Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 51 Japan Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 52 Japan Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 53 India Robo Advisory Market, 2018 - 2021, USD Million
TABLE 54 India Robo Advisory Market, 2022 - 2028, USD Million
TABLE 55 India Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 56 India Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 57 India Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 58 India Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 59 India Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 60 India Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 61 India Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 62 India Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 63 South Korea Robo Advisory Market, 2018 - 2021, USD Million
TABLE 64 South Korea Robo Advisory Market, 2022 - 2028, USD Million
TABLE 65 South Korea Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 66 South Korea Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 67 South Korea Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 68 South Korea Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 69 South Korea Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 70 South Korea Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 71 South Korea Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 72 South Korea Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 73 Singapore Robo Advisory Market, 2018 - 2021, USD Million
TABLE 74 Singapore Robo Advisory Market, 2022 - 2028, USD Million
TABLE 75 Singapore Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 76 Singapore Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 77 Singapore Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 78 Singapore Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 79 Singapore Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 80 Singapore Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 81 Singapore Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 82 Singapore Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 83 Malaysia Robo Advisory Market, 2018 - 2021, USD Million
TABLE 84 Malaysia Robo Advisory Market, 2022 - 2028, USD Million
TABLE 85 Malaysia Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 86 Malaysia Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 87 Malaysia Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 88 Malaysia Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 89 Malaysia Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 90 Malaysia Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 91 Malaysia Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 92 Malaysia Robo Advisory Market by Type, 2022 - 2028, USD Million
TABLE 93 Rest of Asia Pacific Robo Advisory Market, 2018 - 2021, USD Million
TABLE 94 Rest of Asia Pacific Robo Advisory Market, 2022 - 2028, USD Million
TABLE 95 Rest of Asia Pacific Robo Advisory Market by Provider, 2018 - 2021, USD Million
TABLE 96 Rest of Asia Pacific Robo Advisory Market by Provider, 2022 - 2028, USD Million
TABLE 97 Rest of Asia Pacific Robo Advisory Market by End User, 2018 - 2021, USD Million
TABLE 98 Rest of Asia Pacific Robo Advisory Market by End User, 2022 - 2028, USD Million
TABLE 99 Rest of Asia Pacific Robo Advisory Market by Service Type, 2018 - 2021, USD Million
TABLE 100 Rest of Asia Pacific Robo Advisory Market by Service Type, 2022 - 2028, USD Million
TABLE 101 Rest of Asia Pacific Robo Advisory Market by Type, 2018 - 2021, USD Million
TABLE 102 Rest of Asia Pacific 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