LONDON, May 04, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the robotic advisory market, the increasing digitization of financial services is contributing to the growth of the robotic advisory market. In the financial sector, digital technologies such as artificial intelligence (AI), cloud, blockchain and fintech facilitate access to funds and help the financial sector by using automated techniques to improve the customer experience. For example, in December 2020, Franklin Templeton, a US-based investment firm, announced a partnership with Bambu and Apex Clearing to launch Tango, a new turnkey robo-advisor. This partnership will benefit from using the Apex platform to facilitate trading and custody for the robo-advisor and using Bambu’s cloud platform to facilitate a white label software service. Thus, increasing digital integration in financial services is driving the growth of the market.
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The global robotic consulting market share is expected to grow from $18.71 billion in 2021 to $28.10 billion in 2022 at a compound annual growth rate (CAGR) of 50.20%. The growth of the market is mainly driven by businesses resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing, remote work and business closures. activities that have resulted in operational difficulties. The Global Robotic Consulting Market Size is Expected to Reach $135.11 billion in 2026 to CAGR of 48.08%.
Technological advancements are significantly shaping the robotic consulting market. With advances in technology in areas such as advanced analytics, artificial intelligence, and natural language processing, the effectiveness of robo-advice is expected to increase. This will allow robo-advisors to strengthen the value proposition and have a greater impact across the entire value chain. For example, in November 2020, Unifimoney Inc., an American company operating in the field of robotic advice, announced a partnership with Quantel AI Inc. to launch AI-based robotic investment products as part of the platform. investment fund Unifimoney. These products will use Quantel’s proprietary artificial intelligence engines to assess risk profile and stated objectives and advise on portfolio selection to achieve client goals.
Major Players in the Robotic Advisory Market are Betterment LLC, Charles Schwab & Co. Inc., Wealthfront Corporation, Personal Capital Corporation, Bambu, Blooom Inc., Ellevest, FutureAdvisor, Nutmeg Saving and Investment Limited, SigFig Wealth Management, The Vanguard Group Inc., SoFi Wealth, Hedgeable Inc., WiseBanyan Inc., AssetBuilder Inc., Ally Financial Inc., Wealthsimple, Axos Invest Inc., Scalable Capital, Moneyfarm, Acorns, United Income, T. Rowe Price, Rebellion Research, WealthNavi , TD Ameritrade, Schwab Intelligent Portfolios, Stash Invest, Fincite, Ginmon Vermogensverwaltung GmbH and Social Finance Inc.
The global robotic advisory market segmentation is categorized by type of direct wealth advisory service, plan-based/goal-based; by fintech robo-advisor provider, banks, traditional wealth managers, others; by business model in pure robo-advisors, hybrid robo-advisors; by the end user in healthcare, education, retail, etc.
In 2021, North America was the greater region in the robotic consulting market. Asia Pacific should be the fastest growing region in the global robo-advisory market over the forecast period. Regions covered in the Global Robotic Consulting Market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.
Global Robo Advisory Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provide insights into the Robo Advisory market, analyze the Robo Advisory market Advisory and Forecast Market Size and Growth for Overall Market, Robot Consulting Market Segments & Geographies, Robot Consulting Market Trends, Robot Consulting Market Drivers, Robot Consulting Market Restraints, Revenues, Profiles and market shares of top robo consulting market competitors in over 1000 industry reports, covering over 2500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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