Market Insights Financial Wealth Management Digital Investment

Robo-Advisors - Cuba

Cuba

The market segment of Robo-Advisors market is anticipated to witness significant growth in the coming years.
By 2024, the assets under management in this market are projected to reach a substantial amount of US$168.70m.
This growth is expected to continue, with an estimated annual growth rate (CAGR 2024-2027) of 7.52%.
As a result, the total assets under management in the market are forecasted to reach US$209.70m by 2027.
In line with this growth, the number of users in the Robo-Advisors market is also expected to increase.
By 2027, the number of users is projected to reach 15.940k users.
This indicates a growing interest in utilizing Robo-Advisors market for managing investments.
To provide further insight, the average assets under management per user in the Robo-Advisors market is estimated to be US$10.75k in 2024.
This metric highlights the value of each user's investments within the market.
When comparing the global landscape, it is worth noting that United States boasts the highest assets under management in the Robo-Advisors market.
In 2024, United States is projected to have assets under management amounting to US$1,459,000.00m.
This highlights the prominence of the United States in terms of the size and significance of its Robo-Advisors market.
It is important to note that these projections and comparisons are based on current data and market trends.
The growth and development of the Robo-Advisors market in Cuba may follow a different trajectory due to various factors unique to the country.
Despite limited internet access and technological infrastructure, Cuba is slowly embracing robo-advisors to cater to its growing middle-class investors.

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.