UAE Robo-Advisory in Wealth Management Industry: Ken Research
- UAE is emerging as one of the leading destinations for wealth management & private banking globally, driven by burgeoning HNWI (high net worth income) population that demands technologically advanced and highly customized banking and management solutions.
- In the Robo-Advisors segment, the number of users is expected to amount to 0.408 million users by 2027.
- Dubai’s infrastructure and regulatory environment make it the leading financial center in the Middle East, Africa and South Asia. Globally, it ranks in World’s top-20 financial hubs and continues to expand further.
Advanced Client-facing features from WealthTech firms: WealthTech players are pushing the boundaries in wealth management with their advanced client-facing capabilities, such as intuitive and comprehensive dashboards and intelligent portfolio recommendations available to investors and financial institutions. Thus, partnerships with such leading and emerging Robo-Advisory platforms are appearing to be highly beneficial for banks, as such features will help their advisors increase conversion rates, client engagement and the overall Assets Under Management (AUM).
Increasing focus on leveraging big data analytics: The wealth management segment is witnessing a rise in investments in big data analytics. They may gain insight about client diversity, events that drive revenue and loyalty, client behavior, financial attitude and investment motivation. They can use payments and spending data to predict investment patterns, and mine data for new prospective clients.
Strengthening digital tools: Digitalization has given clients access to a large amount of data; Wealth Management companies such as Sarwa and CBD Investr are looking to develop or acquire several features offered by FinTechs to support financial advisors. These include easy to use dashboards, processing live and historical data to generate talking points for client meetings, storytelling tools for better and effective video interactions, better data visualization tools, voice-to-text technologies to speed up post discussion call notes, and AI, machine learning and analytics to help boost recommendations.
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
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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
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UAE Robo-Advisory in Wealth Management Market: Ken Research
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