Market Insights Financial Wealth Management Digital Investment

Robo-Advisors - Zambia

Zambia

The Robo-Advisors market in Zambia is projected to see significant growth in the coming years.
By 2024, assets under management are expected to reach US$182.90m.
This is a promising figure that demonstrates the potential of this market segment in the country.
Furthermore, the Robo-Advisors market is predicted to experience a strong annual growth rate (CAGR 2024-2027) of 10.95%.
This growth rate will contribute to a projected total amount of US$249.80m in assets under management by 2027.
This shows the increasing popularity and trust in Robo-Advisors market as a means of managing investments.
In terms of user participation, the number of users in the Robo-Advisors market is expected to reach 28.060k users by 2027.
This indicates a growing interest in this investment method among individuals in Zambia.
On average, each user in the Robo-Advisors market is projected to have assets under management amounting to US$7.37k in 2024.
This figure showcases the potential for individuals to benefit from the services provided by Robo-Advisors market.
It is worth noting that in a global comparison, United States leads the way in terms of assets under management in the Robo-Advisors market.
In 2024, United States is projected to have assets under management totaling US$1,459,000.00m.
This highlights the significant scale of the market United States compared to other countries.
Zambia's Robo-Advisor market is experiencing rapid growth as the country's tech-savvy population seeks convenient and affordable investment solutions.

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

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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.