Middle East & Africa Robo Advisory Market Size & Outlook
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MEA robo advisory market highlights
- The MEA robo advisory market generated a revenue of USD 507.9 million in 2023.
- The market is expected to grow at a CAGR of 31.6% 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.
MEA data book summary
| Market revenue in 2023 | USD 507.9 million |
| Market revenue in 2030 | USD 3,407.4 million |
| Growth rate | 31.6% (CAGR from 2024 to 2030) |
| Largest segment | Hybrid robo advisors |
| Fastest growing segment | Pure Robo advisors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 7.7% of the global robo advisory market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 11,638.1 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 |
Middle East & Africa 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 82.59% in 2023. Horizon Databook has segmented the Middle East & Africa 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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Target buyers of Middle East & Africa robo advisory market databook
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Our clientele includes a mix of robo advisory market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa robo advisory market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa robo advisory market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Robo Advisory Market Outlook Share, 2023 & 2030 (US$M)
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