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Home Banking Financial Services and Insurance KSA Robo-Advisory Market is expected to grow 5x, generating USD ~3.5Bn by...

KSA Robo-Advisory Market is expected to grow 5x, generating USD ~3.5Bn by 2026F owning to rising digital transformation, emergence of new players and Government Initiatives: Ken Research

  • Robo-Advisors provides a low-cost alternative to traditional investing, eliminating the human labor, lower overheads with little-to-no minimum investments required making it an attractive market for investors.
  • With advent of new technology, better algorithms, better user-experience, millennial & Gen-Z adaptation of newer technology, Robo-Advisory market is expected to grow in future.
  • Banks are expected to take the lead in robo-advisory industry, banks would do well due to cost-effectiveness, trust, ease of movement of money, captive base & larger credibility to give their customer an easy, simple and much better experience.

Government Initiatives: The government is developing regulations to ensure a business environment that fosters both investor confidence and prudent risk management by regulated entities. Financial Sector Development Program, one of the 12 executive programs has been launched by government which is consolidated from Vision 2030, whose goal is to diversify the financial sector and to make it more efficient in order to enable financial institutions to support the private sector. Saudi Arabian Monetary Authority (SAMA) and Capital Market Authority (CMA) unveiled the FinTech Saudi project in April 2018, in accordance with the Saudi Arabia’s Vision 2030 to encourage entrepreneurship and develop financial technology (FinTech) infrastructure.

Emergence of New Players: Recently, KSA based Investment Advisory Firm Sarwa acquires a temporary or experimental Fintech license from Saudi’s Capital Markets Authority (CMA). The fin-tech startup offers customers an easy way to invest their savings in various low-cost index funds. Another example is of Derayah Capitals which becomes the first bank in the region to launch a Robo-Advisory Investment App, Derayah Smart. This idea came from the interest of the Financial Sector Development Program and Vision 2030 in savings and investment.

Digital Transformation: KSA is racing towards digital transformation, supporting tech innovation and entrepreneurship. The Kingdom is pouring hundreds of billions of dollars into an economic transformation, known as Vision 2030. Recently, Crown Prince Mohammed bin Salman, launched investments worth $6.4 billion in building the future technologies.

KSA Robo-Advisory in Wealth Management Market

Analysts at Ken Research in their latest publication KSA Robo-Advisory in Wealth Management Market Outlook to 2026F– Driven by influx of AI technology along with growing demand for financial inclusion and affordability in financial planningby Ken Research observed that KSA Robo Advisory market is in the nascent phase. The With Digital Transformation, Emergence of New Players, Minimal investment and Government Initiatives, are some of the factors that will contribute to the KSA robo-advisory market growth. It is expected that KSA robo-advisory market will grow at a CAGR of ~52% for the 2022-2026F forecasted period.

Key Segments Covered: –

KSA Robo Advisory Market

By Type (by Revenue), 2022 & 2026F

  • Hybrid Robo Advisors
  • Pure Robo Advisors

By End-User (by Revenue), 2022 & 2026F

  • Retail Investor
  • High Net Worth Individuals

By Age-group (by Revenue), 2022 & 2026F

  • 19-28 years
  • 29-38 years
  • 39-45 years
  • 45+ years

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By Region (by Revenue), 2022 & 2026F

  • Riyadh
  • Makkah
  • Eastern Region
  • Others

Key Target Audience: –

  • Government and Institutions
  • New Market Entrants
  • Investors
  • Wealth Management Companies
  • Robo-Advisory Companies
  • Investment Banks
  • Investors

Time Period Captured in the Report: –

  • Historical Period: 2019-2021
  • Base Year: 2022
  • Forecast Period: 2022 – 2026F

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Companies Covered: –

  • Abyan Capital
  • Derayah Capital
  • Tamra Capital
  • Haseed

Key Topics Covered in the Report: –

  • KSA Country Overview
  • KSA Population Analysis
  • KSA Wealth Management Market Overview
  • Ecosystem of KSA Robo-Advisory in Wealth Management Market
  • Timeline of Major Players in KSA Robo-Advisory in Wealth Management Market
  • Business Cycle and Genesis of KSA Robo-Advisory in Wealth Management Market
  • Value Chain Analysis/ Existing Business Model
  • KSA Robo-Advisory in Wealth Management Market Size
  • KSA Robo-Advisory in Wealth Management Market Segmentation by Type and End User, 2022
  • KSA Robo-Advisory in Wealth Management Market Segmentation by Region, 2022
  • End User Profiling by Age of Customer, 2022
  • Decision Making Parameters of End Users in KSA Robo-Advisory in Wealth Management Market
  • Customer Pain Points in KSA Robo-Advisory in Wealth Management Market
  • Key Factors Influencing Robo-Advisory Services Purchasing Decisions and Cost Components
  • Porter’s Five Forces Analysis of KSA Robo-Advisory in Wealth Management Market
  • Growth Drivers of KSA Robo-Advisory in Wealth Management Market
  • Trends and Developments in KSA Robo-Advisory in Wealth Management Market
  • Issues and Challenges in KSA Robo-Advisory in Wealth Management Market
  • Government Rules and Regulations in KSA Robo Advisory in Wealth Management Market
  • Covid-19 Impact on KSA Robo Advisory in Wealth Management Market
  • Competition scenario of key players based on Revenue, 2022
  • Cross Comparison of Major Players in KSA Robo-Advisory in Wealth Management Market
  • Outlook and Future Projections for KSA Robo-Advisory in Wealth Management Market
  • Analyst Recommendations

For more insights on the market intelligence, refer to below link: –

KSA Robo-Advisory in Wealth Management Market

Related Reports by Ken Research: –

UAE Robo-Advisory in Wealth Management Industry Outlook to 2027: Driven by influx of AI technology along with growing demand for financial inclusion and affordability in financial planning

Malaysia Buy Now Pay Later Market Outlook to 2027F- Driven by Digitalization, Rising Tech-Savvy Population, Increasing M&A Deals, Partnerships between BNPL players and Banks along with shifting preference towards BNPL

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