2018 Study on the Indian Robo-advisory Market: Analysis & Forecast Through 2015-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 19, 2018--The “India Robo-advisory Market (2015-2023)” report has been added to ResearchAndMarkets.com’s offering.
The robo-advisory market in India is expected to cater to the demand and provide quality robo-advisory services needed by and beyond 2020. The Indian robo-advisory market is anticipated to show a double-digit growth rate during the forecasted period. Various wealth management firms and banks in India are planning to unveil robo-advisory services across the country by the end of 2020.
Revenue growth in India for the robo-advisory market is growing at a considerable rate. This trend has been driven primarily by the rapid rate at which technology is being adopted and also the increasing incidence of internet penetration.
By type, the market is segmented into hybrid and pure robo-advisors. Relatively lesser penetration of financial products in India compared to developed markets is anticipated to enhance the usage of robo-advisors based on algorithms. India is also expected to emerge as a promising market for robo-advisory services by the end of 2020.
By the types of client assets, the market is classified into the mass affluent, high-net-worth individuals, pension funds, insurance companies, and sovereign wealth funds. The mass affluent segment is crossing the market share of the high-net-worth individuals during the forecast period owing to its high growth rate.
Key Growth FactorsCustomized advice with advanced machine learning and artificial intelligence (AI) coupled with lower cost of computing and storage in India is also creating huge avenues for the various robo-advisors. Increasing competition with new entrants and diversified services also drive the market for robo-advisors in this region.
Threats and Key PlayersA major challenge for Indian robo-advisory market is high acquisition cost, low revenue yield, and conflicts of interests for the clients. The key players in this market are Goalwise and FundExpert.
Key Topics Covered
Chapter 1 Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
Chapter 2 India robo-advisory market overview
2.1. Market overview - market trends, historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), geography wise market revenue (USD Bn)
2.2. Market drivers and its impact
2.3. Market trends and its impact
Chapter 3 India robo-advisory market analysis - by type
3.1. Segment-wise market revenue (USD Bn) of 2017 & 2023
3.2. Market drivers and challenges
3.3. Market trends
Chapter 4 India robo-advisory analysis - by types of client assets
4.1. Segment-wise market revenue (USD Bn) of 2017 & 2023
4.2. Market drivers and challenges
4.3. Market trends
Chapter 5 Company profiles
5.1. GoalwiseCompany snapshot Product/services Other major initiatives/highlights Growth strategy
5.2. FundExpertCompany snapshot Product/services Other major initiatives/highlights Growth strategy
Chapter 6 Conclusion
For more information about this report visit https://www.researchandmarkets.com/research/zxtd35/2018_study_on_the?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181119005920/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Wealth Management
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/19/2018 06:13 PM/DISC: 11/19/2018 06:13 PM