Canada Robo Advisory Market Size & Outlook, 2024-2030
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Canada robo advisory market highlights
- The Canada robo advisory market generated a revenue of USD 350.8 million in 2023 and is expected to reach USD 2,174.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 30.1% from 2024 to 2030.
- In terms of segment, hybrid robo advisors was the largest revenue generating robo advisory type in 2023.
- Pure Robo advisors is the most lucrative robo advisory type segment registering the fastest growth during the forecast period.
Robo advisory market data book summary
| Market revenue in 2023 | USD 350.8 million |
| Market revenue in 2030 | USD 2,174.3 million |
| Growth rate | 30.1% (CAGR from 2024 to 2030) |
| Largest segment | Hybrid robo advisors |
| Fastest growing segment | Pure Robo advisors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pure Robo advisors, Hybrid Robo advisors |
| Key market players worldwide | Betterment, Fincite GmbH, Wealthfront, The Vanguard Group, Charles Schwab Corp, Ellevest, Ginmon, Wealthify, SoFi Technologies Inc Ordinary Shares, SigFig |
Other key industry trends
- In terms of revenue, Canada accounted for 5.3% of the global robo advisory market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. robo advisory market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,174.3 million by 2030.
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Robo Advisory Market Scope
Robo Advisory Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SigFig | View profile | 101-250 | San Francisco, California, United States, North America | http://www.sigfig.com |
| Wealthify | View profile | 101-250 | Penarth, Vale of Glamorgan, The, United Kingdom, Europe | https://www.wealthify.com |
| Ginmon | View profile | 11-50 | Frankfurt, Hessen, Germany, Europe | http://www.ginmon.de |
| Ellevest | View profile | 101-250 | New York, New York, United States, North America | https://www.ellevest.com |
| The Vanguard Group | View profile | 10001+ | Malvern, Pennsylvania, United States, North America | http://www.vanguard.com |
| Wealthfront | View profile | 251-500 | Palo Alto, California, United States, North America | https://www.wealthfront.com |
| Fincite GmbH | View profile | 51-100 | Frankfurt, Hessen, Germany, Europe | http://www.fincite.de |
| Betterment | View profile | 101-250 | New York, New York, United States, North America | http://www.betterment.com |
| SoFi Technologies Inc Ordinary Shares | View profile | 4400 | 234 1st Street, San Francisco, CA, United States, 94105 | https://www.sofi.com |
| Charles Schwab Corp | View profile | 33000 | 3000 Schwab Way, Westlake, TX, United States, 76262 | https://www.aboutschwab.com |
Canada robo advisory market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to robo advisory market will help companies and investors design strategic landscapes.
Hybrid robo advisors was the largest segment with a revenue share of 81.76% in 2023. Horizon Databook has segmented the Canada robo advisory market based on pure robo advisors, hybrid robo advisors covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of robo advisory market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada robo advisory market , including forecasts for subscribers. This country databook contains high-level insights into Canada robo advisory market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada robo advisory market size, by robo advisory type, 2018-2030 (US$M)
Canada Robo Advisory Market Outlook Share, 2023 & 2030 (US$M)
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