UAE Robo-Advisory in Wealth Management Industry Outlook to 2027

The report titled “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”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.

UAE Robo-Advisory in Wealth Management Market Overview:

The Robo-Advisory in Wealth Management Market in UAE recorded a CAGR of ~xx% on the basis of revenue in between 2019 and 2022 owing to increased use of technology in financial planning, increased demand for no-human interaction platforms due to Covid-19 breakout, rise in tech-savvy millennials’ population, etc. in the country. The Robo-Advisory in Wealth Management market in the country is a highly integrated network that links providers of Robo-Advisory services and investors/consumers through online applications. These Robo-Advisors then employ some mathematical algorithms that select the optimum investment portfolio option for the client/investor, based on their goals & current financial situation. Despite the fact that the Robo-Advisory concept existed over the years but it didn’t take odd in that spirit as independent FinTechs players like Sarwa were the only ones offering such services. All in all, UAE Robo-Advisory in Wealth Management is still at a nascent stage where some players are based in US & UK. However, with the big banks taking leading very shortly, digital transformation is future of financial services industry with a marked increase in remote engagements, automated services & digital products. At present, the UAE represents one of the key markets for Robo-Advisory services in the MENA region with a new wave of digital investment platforms aiming to provide low-cost options for young professionals & mass-affluent clients.

UAE Robo-Advisory in Wealth Management Market Segmentation:

• By End User: Retail Investors dominates majority of the total market revenue share, followed by High-Net-Worth Individuals, and Institutional Investors. High Net Worth Individuals prefer personal advisory so 90% of their wealth is managed by wealth advisors and they just experiment 10% of their wealth with Robo-advisory platforms.

• By Type: Countries like the U.A.E. and Saudi Arabia dominate the hybrid Robo-Advisors market in Middle East and Africa. A major selling point for most hybrid Robo-Advisors are their low fees.

• By Region: Two economic power houses in Middle East, UAE & Saudi Arabia are aiding growth of Robo advisory industry & UAE has been most encouraging in terms of revenues for the market. Dubai dominates the UAE market owing to its huge population and tech savvy young generation.

Competitive Landscape in UAE Robo-Advisory in Wealth Management Industry:

The competitive landscape of the UAE Robo-Advisory in Wealth Management market is observed to be consolidated with the presence of very few international and domestic players in the country. Big Banks like JP Morgan, UBS, Saxo Bank etc. have not yet entered into this market as they are currently in experimenting stage for Robo-advisory services. Only one bank which has its own platform, i.e., CBD Investr but with the benefit of scale and capacity, banks are expected to take the lead in the market very shortly as in this part of the world due to their cost-effectiveness, trust, ease of movement of money, captive base and larger credibility with the customer. Some of the major players are Sarwa, Wahed, CBD Investr, FinaMaze, StashAway, Betterment, etc.

UAE Robo-Advisory in Wealth Management Industry Future Outlook and Projections:

The market size on the basis of revenue is expected to grow at a CAGR of xx% increasing from USD xx Billion in 2022 to USD xx Billion in 2027F. UAE is emerging as one of the leading destinations for wealth management & private banking globally, driven by burgeoning High Net Worth Income population that demands technologically advanced and highly customized banking and management solutions. In coming years, unlike traditional banks, most FinTechs like Sarwa, FinaMaze will focus on developing specific, targeted offerings. With supportive regulations, these will rapidly grow in number, particularly in payments & WealthTech space. 

Key Segments Covered in UAE Robo-Advisory in Wealth Management Industry

• UAE Robo-Advisory in Wealth Management Market
  • Market Size by Revenue generated and Asset under management, 2019-2027F
  • Market Segmentation on the basis of Type by revenue, 2022 and 2027F (Pure Robo-Advisors & Hybrid Robo-Advisors)
  • Market Segmentation on the basis of End-User by revenue, 2022 and 2027F (Retail Investors, High Net Worth Individuals, & Institutional Investors)
  • Market Segmentation on the basis of region by revenue, 2022 and 2027F (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
• Base year : 2022
• Forecast Period: 2023-2027F

Robo-Advisory in Wealth Management Companies in UAE:

• 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