FinTech leader in Middle East: UAE continues to maintain its position as leader in FinTech in the Middle East. This position is maintained with the help of supportive governmental policies and most importantly, by the implementation of attractive programmes, both onshore and in free zones. It has one of the most attractive immigration policies in the region which welcomes highly qualified and innovating expatriates into the country.
Digitalization in Financial Services: It has transformed the human advisory process into digital solution platforms known as Robo-Advisors. Thus, the next digital generation could establish more elaborate solutions to model customer’s preferences & enable higher customization of investment portfolio in a fully automated process. With Management fees as low as 0.5%-0.85% per year of assets under management, Robo Advisors are expected to have an inorganic growth in future
Rise in Tech-Savvy population: The new breed of investment advisory services is boding well with smaller investors, especially the tech-savvy millennials. 9.98 million People in the UAE are internet users in 2022, which represents 99.01% of the total population. Thus, with large numbers of HNWIs and a relatively young and tech-savvy population, GCC countries are ideally placed to foster the development of such Robo-advisory services.
Covid-19 Impact: The COVID‐19 crisis that resulted in diminished close contact interaction and increased financial volatility influenced consumer's perception toward online automated financial robo‐advisor, in order to manage their financial planning. The acceleration of digital investment advice through scalable robo-advice solutions enabled the traditional wealth management firms to recover customer reach through accessible channels. 40% of firms identified accessibility as the main investor driver for using Robo-Advice services.
Investment Industry up for disruption: Digital technology & AI is disrupting the financial industry at large. Investment advisory & wealth management are experiencing disruption the most. It is believed that the next wave of disruption will be in the investment industry. The aim is to provide state-of-the-art investment services to all individuals across the region.
The publication titled “UAE Robo-Advisory in Wealth Management Market Outlook to 2027F: Driven by influx of AI technology along with growing demand for financial inclusion and affordability in financial planning“ by Ken Research provides a comprehensive analysis on the status of Robo-Advisory in Wealth Management Industry in UAE. It also covers various aspects including Robo-Advisory in Wealth Management Industry market size on the basis of revenue, ecosystem of major entities in the Market in UAE, trends & developments, issues & challenges faced by the industry, government regulations, Porter’s Five Forces Analysis, Issues & Challenges, Competition Scenario and other aspects. Further, the report focuses on the UAE Robo-Advisory in Wealth Management Market Segmentation by Type (Pure Robo-Advisors & Hybrid Robo-Advisors); by End User (Retail Investors, High Net Worth Individuals, & Institutional Investors), and by Region (Ajman, Umm Al-Quwain, Fujairah, Ras Al Khaimah, Sharjah, Abu Dhabi, & Dubai). UAE Robo-Advisory in Wealth Management Industry report concludes with projections for the future of the industry including forecasted revenue for the market.
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Key Segments Covered
UAE Robo-Advisory in Wealth Management Market (By Revenue, Asset under Management)
- By Type(By Revenues):
- Pure Robo Advisors
- Hybrid Robo Advisors
- By End User (By Revenues):
- Retail Investors
- High Net Worth Individuals
- Institutional Investors
- By Region (By Revenues):
- Ajman
- Umm Al-Quwain
- Fujairah
- Ras Al Khaimah
- Sharjah
- Abu Dhabi
- Dubai
Key Target Audience
- Wealth Management Companies
- Robo-Advisory Companies
- Investment Banks
- Investors
Time Period Captured in the Report:
- Historical Period: 2019-2022
- Forecasted Period: 2022-2027F
Companies Covered:
- Sarwa
- FinaMaze
- CBD Investr
- Additiv
- Neo Mena Technologies
- StashAway
- Wealth Face
- InvestSuite
- Betterment
- Amundi
- DirectFN
- WeInvest
- Bambu
- Temenos
- Jarvis
- NBK Capitals
Key Topics Covered in the Report
- Executive Summary
- Country Overview
- Overview of UAE Robo-Advisory in Wealth Management Market
- Trends and Developments in Robo-Advisory in Wealth Management Market in UAE
- Porter’s Five Forces Analysis of Robo-Advisory in Wealth Management Market in UAE
- Government Initiatives in the UAE Robo-Advisory in Wealth Management Market
- Issues & Challenges in UAE Robo-Advisory in Wealth Management Market
- Impact of Covid-19 in UAE Robo-Advisory in Wealth Management Market
- Ecosystem of Major Entities in UAE Robo-Advisory in Wealth Management Market
- Value Chain Analysis and Business Models
- UAE Robo-Advisory in Wealth Management Current and Future Market Size on the basis of Revenue
- Competition Scenario in Robo-Advisory in Wealth Management Market in UAE
- UAE Robo-Advisory in Wealth Management Current and Future Market Segmentations (by Type, by End-Users, and by region)
- Analyst Recommendations
- Research Methodology including market definitions, market size and modeling
For more insights on the market intelligence, refer to the link below: –
UAE Robo-Advisory in Wealth Management Market: Ken Research
Related Reports by Ken Research
Middle East and Africa Robo-advisory Market
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