Market Insights Financial Wealth Management Digital Investment

Robo-Advisors - India

India

The Robo-Advisors market in India is projected to witness significant growth in the coming years.
According to forecasts, the assets under management in this market are expected to reach a staggering amount of INR US$19.76bn by 2024.
This growth is likely to continue, with an estimated annual growth rate (CAGR 2024-2027) of 9.21%, resulting in a projected total amount of INR US$25.74bn by 2027.
Moreover, the number of users in the Robo-Advisors market is expected to rise to approximately 3.250m users by 2027.
This indicates a growing interest and adoption of Robo-Advisors market among investors in India.
In terms of average assets under management per user, it is anticipated that each user will have around INR US$6.45k invested in Robo-Advisors market by 2024.
This showcases the potential for significant wealth accumulation through these platforms.
When comparing the assets under management globally, it is noteworthy that United States leads the pack with an estimated amount of US$1,459,000.00m by 2024.
This highlights the dominance of the US market in terms of Robo-Advisors market and their assets under management.
Overall, the Robo-Advisors market in India is poised for substantial growth, with increasing assets under management, a growing user base, and the potential for significant returns on investment.
India's Robo-Advisor market is experiencing rapid growth, driven by increasing digital adoption and a young tech-savvy population.

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

Market

Region

Region comparison

Currency

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.