The Report Covers Robo Investment Advisor Companies and is Segmented by Type of Services (investment Advisor, Wealth Management, Retirement Planning, And Tax-Loss Harvesting) and Geography (North America, Europe, Asia-pacific). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The Robo Advisory Market is estimated to reach USD 116.4 Billion by 2033, riding on a strong 31.2% CAGR throughout the forecast period.

advisory market share size and share are estimated to attain USD 72.00 billion by 2032, with a compound annual growth rate (CAGR) of 28.8% during the forecast period.

The global number of assets under management in the 'Robo-Advisors' segment of the fintech market was forecast to continuously increase between 2024 and 2028 by in total 532.2 billion U.S. dollars (+29.53 percent). After the ninth consecutive increasing year, the number of assets under management is estimated to reach 2.3 trillion U.S. dollars and therefore a new peak in 2028. Notably, the number of assets under management of the 'Robo-Advisors' segment of the fintech market was continuously increasing over the past years.Find other key market indicators concerning the revenue growth and average assets under management (AUM). The Statista Market Insights cover a broad range of additional markets.

The global robo advisory market size reached USD 11.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 92.2 Billion by 2033, exhibiting a growth rate (CAGR) of 24.33% during 2025-2033. Increased demand for accessible financial solutions, ongoing technological advancements, digital transformation, and expansion of financial literacy are primarily driving the market's growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 11.8 Billion
Market Forecast in 2033	USD 92.2 Billion
Market Growth Rate 2025-2033	24.33%

IMARC Group provides an analysis of the key trends in each sub-segment of the global robo advisory market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on business model, service type, provider and end user.

The robo advisory market size was over USD 8.71 billion in 2024 and is projected to reach USD 269.13 billion by 2037, growing at around 30.2% CAGR during the forecast period i.e., between 2025-2037. North America industry is expected to account for largest revenue share by 2037, led by increased awareness amongst consumers for robo advisory solutions and services as well as the need amongst the consumers to manage their financial activities.

The growth of assets under management in the 'Robo-Advisors' segment of the fintech market in the United States was forecast to continuously decrease between 2024 and 2028 by in total 28.7 percentage points. After the ninth consecutive decreasing year, the indicator is estimated to reach 2.59 percent and therefore a new minimum in 2028. Find other key market indicators concerning the average assets under management (AUM) and assets under management (AUM). The Statista Market Insights cover a broad range of additional markets.

The Robo-Advisory Services market is experiencing robust growth, projected to reach $2375.43 million in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) of 9.16% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing adoption of digital financial services by high-net-worth individuals and retail investors alike is a primary factor. These investors seek convenient, cost-effective, and data-driven investment solutions offered by robo-advisors. Furthermore, the growing demand for personalized financial planning, including portfolio management, tax optimization, and retirement planning services, significantly contributes to market growth. The ease of access and user-friendly interfaces of robo-advisory platforms are lowering barriers to entry for investors of all levels of experience, accelerating market penetration. Technological advancements, such as the integration of artificial intelligence and machine learning, are further enhancing the efficiency and sophistication of these services, leading to improved investment outcomes and increased customer satisfaction. Competition among established players like Schwab, Vanguard, and BlackRock, alongside innovative fintech startups, is fostering innovation and driving down costs, making these services even more accessible. Geographical expansion is also a significant contributor to market growth. While North America currently holds a substantial market share due to early adoption and a strong technological infrastructure, regions like APAC and Europe are witnessing rapid growth, driven by increasing internet and smartphone penetration, coupled with rising disposable incomes and financial literacy. However, the market faces certain challenges. Regulatory hurdles and data security concerns remain key restraints. Addressing these issues through robust regulatory frameworks and enhanced cybersecurity measures is crucial for sustained market growth. The evolving competitive landscape, with both established financial institutions and nimble fintech companies vying for market share, demands continuous innovation and adaptation. The market will likely see a further consolidation in the coming years as larger players acquire smaller firms. The future success of robo-advisors will depend on their ability to offer increasingly personalized, sophisticated, and transparent investment solutions tailored to the diverse needs of an evolving investor base.

The size and share of the market is categorized based on Application (Healthcare, Retail, Education, Others) and Product (Pure Robo Advisory, Hybrid Robo advisory) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The market for Investment Robo-Advisors is projected to reach a value of XXX million by 2033, expanding at a CAGR of XX% between 2025 and 2033. Key drivers of this growth include the rising popularity of do-it-yourself (DIY) investing, increasing financial literacy, and the growing adoption of digital financial services. Key trends shaping the market include the integration of artificial intelligence (AI) and machine learning (ML), the emergence of personalized investment recommendations, and the expansion of services offered by Robo-Advisors beyond traditional investment management. The market is segmented by application (enterprise and individual), type (Robo-Advisor, online brokerage platforms, and financial planning and education platforms), and region (North America, South America, Europe, Middle East & Africa, and Asia Pacific). Major players in the market include Vanguard, Fidelity Investments, Charles Schwab, Morgan Stanley, Betterment, Wealthfront, Interactive Brokers, Ally Invest, Merrill Edge (Bank of America), SoFi Invest (Social Finance), T. Rowe Price, Stash Financial, SigFig, Empower, TradeStation, M1 Finance, and others.

The size and share of the market is categorized based on Application (Healthcare, Retail, Education, Others) and Product (Free, Charge, Market) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The statistic presents the share of the global robo-advisory market between 2012 and 2017, broken down by major country. In the period examined, the United States topped the ranking, accounting for approximately 57 percent of the global robo-advisory market.

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Smart Advisor Market Size 2024-2028

The smart advisor market size is forecast to increase by USD 8.46 billion at a CAGR of 24.89% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. The increasing number of high-net-worth individuals (HNWIs) globally is driving market expansion. These individuals seek personalized financial advice and are turning to smart advisors for efficient and accurate investment management. Moreover, the adoption of technological advancements, such as artificial intelligence and machine learning, is revolutionizing the financial services industry. These technologies enable smart advisors to analyze vast amounts of data and provide customized investment recommendations. Furthermore, the growth of fintech companies is fueling the market, as they offer innovative solutions that cater to the evolving needs of consumers. Overall, these factors are contributing to the robust growth of the market.

What will be the Size of the Smart Advisor Market During the Forecast Period?

Request Free SampleThe market is experiencing significant growth as fintech companies integrate creative virtual solutions, such as conversational AI and intelligent document processors, to offer personalized financial counseling. This trend is not limited to the financial sector, as businesses in healthcare, real estate, and other industries explore the benefits of robo-advisors and machine learning for providing investing guidance and budgeting assistance. These intelligent systems employ natural language processing and user-friendly interfaces, fostering trust and enabling individuals to make informed financial decisions with individualized counsel. Moreover, the adoption of AI and machine learning In the market extends to business intelligence companies, enhancing their capabilities to analyze vast amounts of data for wealth management and digital financial services.The integration of ESG (Environmental, Social, and Governance) factors and chatbots further expands the market's reach, offering financial education and literacy to a broader audience. Despite the advancements, legacy systems and user trust remain critical challenges for market growth. Voice assistants are also gaining traction, streamlining the user experience and offering convenience in managing financial decisions. Overall, the market continues to evolve, offering innovative solutions to meet the diverse needs of consumers and businesses.

How is this Smart Advisor Industry segmented and which is the largest segment?

The smart advisor industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. TypeSoftwareServicesGeographyNorth AmericaCanadaUSAPACChinaEuropeGermanyUKSouth AmericaMiddle East and Africa

By Type Insights

The software segment is estimated to witness significant growth during the forecast period.

The market is primarily driven by the software segment, which accounted for the largest market share in 2023. This segment's growth can be attributed to the increasing adoption of smart advisor solutions across various industries, including finance and healthcare. In the financial sector, robo-advisors and passive investing platforms are gaining popularity, offering personalized investment planning and budgeting guidance to individuals. In healthcare, conversational AI and intelligent document processors are being used to enhance patient care and streamline administrative processes. Business intelligence companies are also integrating AI/ML technologies to provide real-time insights and improve decision-making. The healthcare sector's growing use of virtual financial counselors and chatbots for financial education and literacy is further fueling the market's growth.companies are continuously innovating to meet the evolving needs of customers, with offerings ranging from CRM systems and machine learning algorithms to voice assistants and ESG investing tools. Data security and user trust remain critical factors as the market continues to expand, with legacy systems being gradually replaced by more advanced, digital financial services.

Get a glance at the Smart Advisor Industry report of share of various segments Request Free Sample

The Software segment was valued at USD 1.44 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 36% to the growth of the global market during the forecast period.

Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions, Request Free Sample

The North American market leads the global s

The size and share of the market is categorized based on Application (Reporting, Portfolio, Accounting, Trading Management) and Product (Human Advisory, Robo Advisory, Hybrid) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Global Wealth Management Market Size Was Worth $1.30 Trillion in 2022 and Is Expected To Reach $3.48 Trillion by 2030, CAGR of 11%.

Market Overview:

US insurtech market size is projected to exhibit a growth rate (CAGR) of 6.50% during ​2024-2032​. The rapid evolution of technology, particularly in areas such as artificial intelligence, machine learning, blockchain, and data analytics, which has enabled innovative solutions in the insurance sector, is primarily driving the regional market.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	6.50%

Insurtech, short for insurance technology, refers to the innovative use of technology to enhance and streamline the insurance industry. This rapidly evolving sector leverages advancements such as artificial intelligence, big data analytics, blockchain, and digital platforms to improve various aspects of the insurance lifecycle. Insurtech aims to enhance customer experiences by simplifying the purchase process, optimizing underwriting through data analysis, and expediting claims processing. Additionally, it fosters the development of new insurance models, such as usage-based policies and peer-to-peer insurance. By embracing digital solutions, insurtech not only increases operational efficiency but also fosters greater accessibility and affordability of insurance products, ultimately reshaping and modernizing the traditional insurance landscape.

US Insurtech Market Trends:

The insurtech market in the US is experiencing robust growth, driven by a confluence of factors that underscore its dynamism and adaptability. Primarily, technological advancements have served as a catalyst, reshaping the insurance landscape. With the rise of artificial intelligence and machine learning, insurers can now analyze vast datasets to enhance underwriting accuracy and assess risk more effectively. Furthermore, the increasing prevalence of connected devices and the Internet of Things (IoT) has enabled insurers to gather real-time data, fostering a more personalized and proactive approach to risk management. In addition to technological progress, shifting consumer expectations are steering the insurtech market forward. Modern consumers seek seamless digital experiences and demand more customized insurance solutions tailored to their specific needs. This changing consumer behavior is prompting traditional insurers to collaborate with insurtech startups or invest heavily in technology to stay competitive. Regulatory support is another critical driver propelling the insurtech sector. Governments in the US are recognizing the potential of technology to streamline processes, reduce fraud, and enhance overall efficiency within the insurance industry. Consequently, regulatory frameworks are evolving to accommodate and encourage innovation, fostering a conducive environment for insurtech companies to thrive. In summary, the insurtech market in the US is thriving on the synergistic forces of technological innovation, evolving consumer preferences, and supportive regulatory frameworks.

US Insurtech Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on type, service, and technology.

Type Insights:

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• Auto
• Business
• Health
• Home
• Specialty
• Travel
• Others
  

The report has provided a detailed breakup and analysis of the market based on the type. This auto, business, health, home, specialty, travel, and others.

Service Insights:

• Consulting
• Support and Maintenance
• Managed Services
  

A detailed breakup and analysis of the market based on the service have also been provided in the report. This includes consulting, support and maintenance, and managed services.

Technology Insights:

• Blockchain
• Cloud Computing
• IoT
• Machine Learning
• Robo Advisory
• Others
  

The report has provided a detailed breakup and analysis of the market based on the technology. This includes blockchain, cloud computing, IoT, machine learning, robo advisory, and others.

Regional Insights:

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• Northeast
• Midwest
• South
• West
  

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

US Insurtech Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Service Technology Region
Types Covered	Auto, Business, Health, Home, Specialty, Travel, Others
Services Covered	Consulting, Support and Maintenance, Managed Services
Technologies Covered	Blockchain, Cloud Computing, IoT, Machine Learning, Robo Advisory, Others
Regions Covered	Northeast, Midwest, South, West
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

• How has the US insurtech market performed so far and how will it perform in the coming years?
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The global Financial Planning Software market is experiencing robust growth, projected to reach a value of $4.61 billion in 2025, expanding at a Compound Annual Growth Rate (CAGR) of 23.55%. This significant expansion is fueled by several key factors. The increasing demand for efficient and automated financial planning tools among financial advisors and institutions is a primary driver. Rising adoption of cloud-based solutions, offering scalability and accessibility, further contributes to market growth. Furthermore, the growing emphasis on personalized financial advice and the need for sophisticated risk management tools are propelling market expansion. Regulatory changes mandating increased transparency and compliance in financial advisory services also contribute to the market's upward trajectory. The market is segmented by component into software and services, with software expected to maintain a larger market share due to increasing technological advancements and the availability of integrated solutions. The market's competitive landscape is characterized by a mix of established players and emerging fintech companies. Companies like BlackRock, Envestnet, and Morningstar hold significant market share due to their brand recognition and extensive product portfolios. However, numerous smaller, agile companies are innovating with specialized solutions, focusing on niche markets and creating competitive pressure. North America currently dominates the market due to high technological adoption and a large number of financial institutions. However, significant growth opportunities exist in Asia-Pacific and Europe, driven by increasing digitalization and rising disposable incomes in developing economies. While the market faces challenges such as data security concerns and the need for continuous software updates, the overall outlook remains positive, with considerable potential for continued expansion throughout the forecast period (2025-2033). Industry risks include intense competition, cybersecurity threats, and regulatory changes. Successful companies are those that effectively address these risks through technological innovation, robust security measures, and proactive regulatory compliance.

In 2020, robo-advisors managed assets worldwide in excess of 1.1 billion U.S. dollars. The highest growth rate in any region was Africa, which saw a growth rate of around 46 percent. During the next few years, the Statista Digital Market Outlook estimates Africa will retain the highest growth rate in this fintech market segment.

The AI in Financial Wellness market is experiencing robust growth, driven by increasing demand for personalized financial advice, sophisticated risk management tools, and the need for improved financial literacy among consumers. The market's expansion is fueled by several key factors: the rising adoption of digital financial services, the growing prevalence of financial stress and anxiety, and the increasing availability of affordable AI-powered solutions. This convergence creates a fertile ground for AI-driven applications that provide tailored financial guidance, budgeting tools, investment strategies, and debt management solutions. While the exact market size in 2025 is unavailable, considering the numerous companies involved and the substantial investments in this sector, a reasonable estimation would be around $2 billion. A conservative Compound Annual Growth Rate (CAGR) of 15% over the forecast period (2025-2033) is plausible, given the current market momentum and technological advancements. This would place the market value at approximately $7 billion by 2033. Key market segments include software solutions, services offered by financial institutions (banks and depositories), and applications tailored to the broader consumer market. The North American market currently holds the largest share, owing to early adoption and a well-developed financial technology infrastructure. However, strong growth is anticipated in the Asia-Pacific region, driven by increasing smartphone penetration and a burgeoning middle class. Significant restraints include data privacy concerns, the need for robust cybersecurity measures, and the potential for algorithmic bias in AI-powered financial advice. Regulatory hurdles and the complexities of integrating AI into existing financial systems also pose challenges. Despite these obstacles, the long-term outlook for AI in Financial Wellness remains exceptionally positive. Continued innovation in natural language processing, machine learning, and personalized financial planning algorithms will further propel market growth. The emergence of sophisticated chatbot interfaces and robo-advisors will democratize access to financial wellness tools, leading to broader market penetration and improved financial outcomes for a wider population. Further market segmentation based on specific user demographics (age, income, financial literacy) will enable the development of even more targeted and effective AI-powered solutions.

The global asset management market, currently valued at $396.96 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 6.9% from 2025 to 2033. This expansion is fueled by several key drivers. Increasing global wealth, particularly in emerging markets like China and India, is leading to a surge in demand for sophisticated investment management services. Furthermore, the growing popularity of exchange-traded funds (ETFs) and index funds, offering diversified portfolios at lower costs, is attracting a broader range of investors, including retail participants. Technological advancements, such as the rise of robo-advisors and AI-driven investment strategies, are streamlining operations and improving efficiency within the asset management industry. The shift towards sustainable and responsible investing (SRI) is also a major trend, shaping investment strategies and attracting environmentally and socially conscious investors. However, regulatory changes and increasing competition among established players and fintech disruptors present challenges to market growth. Segmentation reveals a diverse investor base, including pension funds, insurance companies, individual investors, and corporate investors, each with unique investment needs and risk profiles. Geographic distribution shows significant market presence in North America and Europe, with Asia-Pacific showing promising growth potential due to its burgeoning middle class and increasing financial literacy. The asset management landscape is becoming increasingly competitive, with established players like BlackRock, Vanguard, and Allianz facing pressure from nimble fintech firms offering innovative solutions. Strategic mergers and acquisitions are anticipated to reshape the market, creating larger, more diversified entities capable of leveraging economies of scale and offering a broader spectrum of services. The continued development of advanced analytics and data-driven investment strategies will further differentiate market participants. Successful players will need to adapt to changing investor preferences, regulatory environments, and technological disruptions while focusing on delivering strong performance and value to their clients. The forecast period will witness a consolidation phase, with a focus on personalized and tech-enabled investment solutions catering to the evolving demands of a growing investor base. This will lead to further market growth and a more diverse range of investment options for individuals and institutions alike.