Saudi Arabia Robo Advisory Market: Ken Research

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Focused on influx of AI technology along with growing demand for financial inclusion and affordability in financial planning.

Increasing Digitalization: The increase in digitalization has completely transformed the human advisory process into digital solution platforms known as Robo-Advisors, which has also given the next digital generation a chance to establish more elaborate solutions to model customer’s preferences & enable higher customization of investment portfolio in a fully automated process and with the large numbers of HNWIs and a relatively young and tech-savvy population, GCC countries are ideally placed to foster the development of Robo-advisory services. Digitalization has also made the Robo-Advisory platforms easy to use, simple & straightforward which has reduced the stress making it easily accessible than other wealth management advisors.

KSA Robo-Advisory in Wealth Management Market

Minimal Investment: With zero or near to zero minimum balance technology-enhanced Robo-Advisors are accessible in the market which makes it a cost-efficient investment solution and providing a easier way to secure a small investment from the banks as well. Robo-advisors are Low-cost investment platforms making it easy for KSA residents to save money and they are also cheaper as compared to traditional (human) financial advisors which typically charge more than 1% per year of AUM whereas Robo-advisors charge less than 1% per year of assets under management.

Changing Investor Preference: Digital technology has changed customer expectations at a rapid pace over the past five years. Consumers today prefer the convenience of managing everything online, primarily the reason for digital transformation within the global financial services industry. Nearly 40% of firms identified accessibility as the main investor driver for using Robo-Advice services which has changed the investor preference, making it an attractive market for the investors. Furthermore, the acceleration of digital investment advice through scalable robo-advice solutions has also forced the traditional wealth management firms to also look towards the robo-advisory solutions.

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 planning” by Ken Research observed that KSA Robo Advisory market is in the nascent phase. The Increasing Digitalization, requirement of minimal investment, impact of covid-19 and change in investor preference, are some of the factors that has contributed 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

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

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Time Period Captured in the Report:

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

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