Market Insights Digital FinTech Digital Investment

Robo-Advisors - Qatar

Qatar

The [currentlayername] is expected to see significant growth qatar in the coming years.
According to projections, assets under management in this market are set to reach qar [revenueyeartoday] by 2024.
This growth is further expected to continue with an annual growth rate of 7.04% (cagr 2024-2028), resulting in a projected total of qar US$547.10m by 2028.
In terms of user base, the number of users in the [currentlayername] is estimated to reach 7.890k users by 2028.
This indicates a growing interest and adoption of [currentlayername] among investors qatar.
When considering the average assets under management per user in the [currentlayername], it is expected to amount to qar US$59.99k in 2024.
This indicates the potential for significant wealth accumulation and investment in this market segment.
In a global context, it is noteworthy that the United States currently holds the highest assets under management in the [currentlayername], with a projected amount of US$1,459,000.00m by 2024.
Qatar's growing economy and tech-savvy population make it a fertile ground for the adoption and expansion of robo-advisors in the financial market.

Key regions: China, South Korea, United States, Germany, United Kingdom

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Analyst Opinion

Currently, the robo-advisor market is experiencing significant growth, with an increasing number of consumers turning to automated investment advice platforms. One trend that has emerged in the market is the integration of artificial intelligence and machine learning technologies, which enable robo-advisors to provide more personalized investment recommendations to clients. Another trend is the expansion of robo-advisory services to encompass a broader range of financial services, such as retirement planning, tax optimization, and debt management.
Several factors are driving the growth of the robo-advisor market. One key factor is the increasing demand for low-cost investment advice, as traditional financial advisors can be expensive and often require high minimum investment amounts. Another factor is the rise of tech-savvy millennials, who prefer digital platforms for financial services. Additionally, the COVID-19 pandemic has accelerated the shift to online financial services, including robo-advisors, as more consumers have turned to digital channels for their financial needs.
The robo-advisor market is expected to continue to grow in the coming years. This growth is expected to be driven by factors such as increasing demand for low-cost investment management solutions, the rising popularity of passive investing, and the continued development of artificial intelligence and machine learning technologies.

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.