Research Support Specialist, USA
The global digital investment market size is estimated to reach USD 6,964.18 billion by 2028 and is expected to register a CAGR of 16.1% from 2021 to 2028, according to a new report by Million Insights. The cheaper cost structure of digital investments is the crucial factor that drives the growth of the market. Quick accessibility and user-friendly structure of the digital investment is another factor that drives the industry growth. Data security and compliance concerns are the key factors restraining the growth. Most of the major companies working in the market are adopting the strategy of product innovations to capture maximum market share.
The COVID-19 pandemic has positively impacted market growth. The digital investment market observed significant growth due to the increased adoption of digital investment platforms for efficient wealth and asset management in a volatile market during the COVID-19 pandemic. Most of the investors took benefit of investment opportunities that occurred during the COVID-19 pandemic. Thus, the market for digital investments is expected to witness steady growth over the forecast period.
The robo-advisors segment dominated the market and contributed a revenue share of around 65% in 2020 and is forecast to expand at a CAGR of 15.8% from 2021 to 2028. Robo-advisors have minimum overhead costs as they are hosted electronically and permit customers to change and personalize their online investments to achieve long-term financial goals and short-term investment plans. Moreover, the customers are looking out for digital solutions that help them to budget, save, and invest their money.
North America accounted for the largest market share of more than 65% in 2020. The U.S. contributed a major share to the large revenue generation of the market. The maximum usage of digital investment platforms such as robo-advisors and neobrokers due to their important benefits such as accessibility, security, ease, and personalization contributed to more revenue generation in North America.
The report “Digital Investment Market Size, Share & Trends Analysis Report By Type (Neobrokers, Robo-Advisors), By Region (North America, Europe, Asia Pacific, Middle East & Africa, Central & South America), And Segment Forecasts, 2021 - 2028” is available now to Million Insights.
Million Insights has segmented the global digital investment market based on type and region: