Market Insights Financial Wealth Management

Digital Investment - Slovakia

Slovakia

In 2024, the projected total transaction value in the Digital Investment market in Slovakia is expected to reach US$566.90m.
This market segment is anticipated to show a steady annual growth rate of 10.18% from 2024 to 2027, resulting in a projected total amount of US$758.30m by 2027.
Among the players in the market, Robo-Advisors are expected to dominate with a projected total transaction value of US$566.90m in 2024.
It is worth noting that United States leads in terms of the highest cumulated transaction value, which is projected to reach US$1,782,000.00m in 2024.
Slovakia's digital investment market is flourishing with a growing number of tech startups attracting international investors.

Key regions: United Arab Emirates, Switzerland, Singapore, United Kingdom, Europe

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Analyst Opinion

The Digital Investment market in Slovakia has been experiencing significant growth and development in recent years. Customer preferences in the Digital Investment market in Slovakia have been shifting towards online platforms and digital solutions.

Investors are increasingly looking for convenient and accessible ways to manage their investments, and digital platforms provide them with the flexibility to do so. The ease of use and convenience of digital investment platforms have made them popular among both individual and institutional investors. Trends in the market show a growing demand for robo-advisory services in Slovakia.

Robo-advisors use algorithms and artificial intelligence to provide investment advice and manage portfolios. This automated approach appeals to investors who are looking for low-cost and efficient investment solutions. The rise of robo-advisory services in Slovakia can be attributed to the increasing adoption of technology and the growing awareness of the benefits of digital investment.

Another trend in the Digital Investment market in Slovakia is the emergence of crowdfunding platforms. Crowdfunding allows individuals to invest in startups and small businesses, providing them with access to investment opportunities that were previously only available to institutional investors. This trend reflects the desire of investors to diversify their portfolios and support local businesses.

Local special circumstances in Slovakia contribute to the development of the Digital Investment market. The country has a strong entrepreneurial culture and a growing startup ecosystem. This creates opportunities for digital investment platforms to cater to the needs of entrepreneurs and small businesses.

Additionally, the government has been supportive of initiatives that promote digital innovation and entrepreneurship, which further fuels the growth of the Digital Investment market. Underlying macroeconomic factors also play a role in the development of the Digital Investment market in Slovakia. The country has a stable economy and a favorable business environment, which attracts both domestic and foreign investors.

The increasing digitization of the financial sector and the availability of high-speed internet contribute to the growth of the Digital Investment market. Furthermore, the low interest rate environment and the search for higher returns have led investors to explore alternative investment options, including digital investments. In conclusion, the Digital Investment market in Slovakia is experiencing growth and development due to customer preferences for online platforms and digital solutions, the emergence of robo-advisory services and crowdfunding platforms, local special circumstances such as a strong entrepreneurial culture and government support, and underlying macroeconomic factors such as a stable economy and low interest rates.

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.