Robo Advisory Market Size, Share Report 2022-2027: Segmentation, Analysis, Growth And Forecast
According to the latest report by IMARC Group, title “ Robo Advisory Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 “, the global robo advisory market reached a value of US$ 5.63 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 27.68 Billion by 2027 , exhibiting a CAGR of 28.70% during 2022-2027. Robo advisory represents a class of digital platforms that provide algorithm-driven and automated financial advice to wealth management organizations. It assists in automating portfolio administration software, performing complicated tasks, customizing online investments, managing funds with minimal human intervention, etc. This, in turn, aids in enhancing workflow, targeting new clients, and adjusting custom online investments to achieve short-term investment strategies or long-term financial goals. Presently, robo advisory is commercially available in varying service types, such as goal-based, direct plan...