Market Insights Financial Wealth Management Digital Investment

Robo-Advisors - Panama

Panama

The Robo-Advisors market in Panama is expected to see a significant growth in assets under management.
According to projections, the assets under management in this market are estimated to reach US$579.10m by the year 2024.
This growth is expected to continue at an annual growth rate of 12.91% from 2024 to 2027.
As a result, the total assets under management in the Robo-Advisors market in Panama are projected to reach US$833.60m by 2027.
Furthermore, it is anticipated that the number of users in the Robo-Advisors market in Panama will increase to 15.240k users by 2027.
This indicates a growing interest and adoption of Robo-Advisors market among investors in the country.
In terms of average assets under management per user, it is expected to amount to US$44.29k in 2024.
This metric provides insight into the average value of investments managed by Robo-Advisors market for each user in Panama.
When comparing the assets under management globally, it is noteworthy that United States holds the highest position.
In 2024, United States is projected to have assets under management amounting to US$1,459,000.00m.
This highlights the dominant position of the United States in the Robo-Advisors market worldwide.
Overall, the Robo-Advisors market in Panama is poised for growth, with increasing assets under management, a growing user base, and a significant potential for further development.
Panama's Robo-Advisor market is rapidly growing, driven by its robust financial services sector and tech-savvy population.

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.