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Europe Robo-advisory Market
The robo-advisory market of Europe is expected t- grow fast during the forecast period. The European robo-advisory market is anticipated t- grow at an overall compound annual growth rate (CAGR) of 53.67% and will be worth of USD 14.69 Bn by 2023.
Across the different geographical regions, Europe held the 2nd most significant market share in the global robo-advisory market in 2017, generating 20% of the worldwide revenue. One of the reasons is the increase in the number of European start-ups and incumbents.
The United Kingdom (U.K.) and Germany majorly drive the robo-advisory market of Europe. Germany is the largest contributor t- this market regarding revenue, which can be attributed t- the fact that Germany has the highest number of individuals willing t- take up online automated financial advice in Europe. So, it is expected t- drive the demand of various robo-advisors in this region.
By type, the European robo-advisory market is classified int- hybrid robo-advisors and pure robo-advisors. Countries in EU5 like UK and Germany dominate the hybrid robo-advisors market in Europe.
By types of client assets, the mass affluent segment held the largest market share regarding revenue generation in 2017, generating 38.4% revenue. However, owing t- high market penetration, the market is expected t- experience a promising growth rate in the coming years.
Key growth factors
- The increasing maturity of digital advice technology with low financial assistance fee is driving the market for European robo-advisors.
- Rapid change in the financial service sector with evolving requirements of clients is als- a significant factor in the growth of the European robo-advisory market.
Threats and key players
- Lack of personalized support or direct contact with the client is predicted t- restrain the demand for robo-advisors t- some extent.
- The key players in this market are Nutmeg, Scalable Capital, Wealthify, Whitebox, and The Vanguard Group.
What is covered in the report?
1. Overview of the European robo-advisory market.
2. The current and forecasted market size data for the European robo-advisory market.
3. The current and forecasted market size data for the segments of the market, by type - hybrid robo-advisors and pure robo-advisors.
4. The current and forecasted market size data for the segments of the market, by types of client assets - mass affluent, high-net-worth individuals, pension funds, insurance companies and sovereign wealth funds.
5. The current and forecasted market size data for the segments of the market, by country - EU5 and the rest of Europe.
6. Market trends in the European robo-advisory market.
7. Market drivers and challenges in the European robo-advisory market.
8. Analysis of competitor profiles of major players operating in the market.
Why buy?
- Understand the demand for European robo-advisors t- determine the viability of the market.
- Identify the developed and emerging markets where robo-advisory services are offered.
- Identify the challenge areas and address them.
- Develop strategies based on the drivers, trends and highlights for each of the segments.
- Evaluate the value chain t- determine the workflow and t- get an idea of the current position where you are placed.
- Recognize the key competitors of this market and respond accordingly.
- Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.
- Define the competitive positioning by comparing the products and services with the key players in the market.
Customizations Available
With the given market data, Netscribes offers customizations according t- specific needs. Write t- us at [email protected].