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Robo-Advisors - BRICS

BRICS

The Robo-Advisors market in BRICS countries is projected to reach a staggering US$51.14bn in assets under management by 2024.
This is an impressive figure that highlights the growing popularity and importance of Robo-Advisors market in the financial industry.
Furthermore, it is expected that the assets under management in the Robo-Advisors market will continue to grow at an annual growth rate of 8.68% from 2024 to 2027.
This would result in a projected total amount of US$65.64bn by 2027.
In terms of user base, the Robo-Advisors market is expected to attract a significant number of users, with an estimated 4.050m users users by 2027.
This indicates the increasing demand for Robo-Advisors market and their ability to cater to a wide range of investors.
When examining the average assets under management per user in the Robo-Advisors market, it is projected to amount to US$13.35k in 2024.
This figure provides insights into the average investment value per user, highlighting the potential benefits that Robo-Advisors market can offer to individual investors.
From a global perspective, it is worth noting that United States leads the way in terms of assets under management in the Robo-Advisors market.
In 2024, United States is projected to have the highest assets under management at a staggering US$1,459,000.00m.
This showcases the dominance of the US market in this segment.
Brazil: Robo-advisors are gaining popularity in Brazil as investors seek low-cost, automated investment solutions in a market dominated by traditional financial institutions.

Key regions: Asia, Canada, Hong Kong, Singapore, Germany

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on transaction values / revenues / assets under management and user data of relevant services and products offered within the FinTech market.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, publicly available databases, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, population, internet penetration, smartphone penetration, credit card penetration, and online banking penetration. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.