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Middle East and Africa Robo-advisory Market
Robo-advisory market of the Middle East and Africa is expected t- catch up with other regions during the forecast period. The Middle East and Africa robo-advisory market is anticipated t- grow at an overall compound annual growth rate (CAGR) of 55.94% and will be worth of USD 3.80 Bn by 2023.
The U.A.E. and Saudi Arabia majorly drive the robo-advisory market of the Middle East and Africa. The U.A.E. is the most significant contributor t- this market regarding revenue in the Middle East and Africa. Thus, it is expected t- drive the demand of various robo-advisors in this region.
By type, the Middle East and Africa robo-advisory market is classified int- hybrid robo-advisors and pure robo-advisors. Countries like the U.A.E. and Saudi Arabia dominate the hybrid robo-advisors market in Middle East and Africa. The advancement of robo-advisors in this region is anticipated t- change the banks' customer relations radically.
By types of client assets, the mass affluent segment held the largest market share regarding revenue generation in 2017, generating 30.24% 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 the Middle East and Africa robo-advisors.
- Rapid change in the financial service sector with evolving requirements of clients is als- a significant factor for the growth of the Middle East and Africa 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 Sarwa and Wahed Invest.
What is covered in the report?
1. Overview of the Middle East and Africa robo-advisory market.
2. The current and forecasted market size data for the Middle East and Africa 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 - the U.A.E., Saudi Arabia, South Africa and the rest of the Middle East and Africa
6. Market trends in the Middle East and Africa robo-advisory market.
7. Market drivers and challenges in the Middle East and Africa robo-advisory market.
8. Analysis of competitor profiles of major players operating in the market.
- Understand the demand for the Middle East and Africa 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.
With the given market data, Netscribes offers customizations according t- specific needs. Write t- us at [email protected]