Robo-Advisors - Canada

  • Canada
  • The Robo-Advisors market in Canada is projected to reach assets under management of US$13,740.00m by 2024.
  • This market is also expected to experience an annual growth rate (CAGR 2024-2027) of 7.86%, resulting in a projected total amount of US$17,240.00m by 2027.
  • In Canada's Robo-Advisors market, the number of users is expected to reach 97.730k users by 2027.
  • The average assets under management per user in this market is projected to be US$144.60k in 2024.
  • When compared globally, it is noteworthy that in the United States has the highest assets under management, amounting to US$1,459,000.00m in 2024.
  • In Canada, the Robo-Advisor market is experiencing rapid growth, driven by a tech-savvy population and increasing demand for low-cost investment options.

Key regions: Singapore, Asia, Germany, Canada, Europe

Region comparison


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.


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.


  • Assets Under Management (AUM)
  • Revenue
  • Users
  • Methodology
  • Key Market Indicators
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