Market Overview:
The global smart advisor market is expected to grow from USD 1.02 Billion in 2018 to USD 2.48 Billion by 2030, at a CAGR of 12.8% during the forecast period. The growth of the global smart advisor market can be attributed to the increasing demand for customer engagement solutions across various industries and regions. Moreover, the advent of big data and artificial intelligence (AI) is expected to provide opportunities for growth in the global smart advisor market during the forecast period. The software segment is expected to hold a larger share of the global smart advisor market than the service segment duringthe forecast period. The software segment includes standalone software and integrated software modules that offer features such as chatbots, natural language processing (NLP), machine learning (ML), predictive analytics, and AI-enabled recommendations engines for customer engagement solutions across various industries and regions.
Product Definition:
A Smart Advisor is a computer program that can provide expert advice on specific topics or tasks. They are often used to help people make decisions, and can offer recommendations based on data analysis and past experience. Smart Advisors can be used in a variety of settings, including business, finance, healthcare, and education. Their importance lies in their ability to help people make informed decisions quickly and easily.
Software:
Software is the collection of procedures, programs, libraries and tools which are used to solve a problem or accomplish a goal. Software solutions help in improving productivity by streamlining tasks through automation. It also helps in increasing operational efficiency and reducing manual efforts thus making work easier thereby resulting into higher adoption rate.
The global software market size was valued at USD 461 billion in 2016.
Service:
Service is a set of processes and activities that are carried out to provide solutions or products for specific customer requirements. It includes designing, implementing, delivering, consulting or training related to any technology solution such as Artificial Intelligence (AI), Machine Learning (ML), data analytics etc. Service also covers providing support & maintenance services for the aforementioned technologies along with other associated services such as business process integration and cloud computing etc.
Application Insights:
The websites segment dominated the global smart advisor market in 2017. The growth of this segment can be attributed to the increasing usage of SaaS applications and online portals for various purposes, such as career advice, matchmaking services, and personal life management. Moreover, companies are focusing on providing customized solutions through these platforms that enable customers to manage their daily lives by tracking their progress toward goals. These solutions also help consumers make better decisions based on real-time data from a variety of sources.
The contact centers segment is expected to witness lucrative growth over the forecast period owing to an increase in customer engagement through social media channels and mobile applications coupled with rising concerns regarding privacy issues among customers worldwide.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to early adoption of technologies and high disposable income of consumers in this region. Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing demand for customer experience management, improving social media skills among millennials, and growing adoption of smartphones & tablets across various industries in countries such as China, Japan, India & Australia. Moreover, rising investments by companies such as Google Inc., IBM Corporation; Microsoft Corporation; Oracle Corporation; Salesforce Marketing Cloud; Zoho Corp.; Outbrain LLC.; and Taboola Inc., are expected to drive regional growth over the forecast period.
Growth Factors:
- Increasing demand for financial and investment advice from individuals and businesses
- Rapid technological advancements in the artificial intelligence (AI) and machine learning sectors that are being adopted by Smart Advisors
- The increasing trend of online banking, investing, and other financial transactions that is making consumers more comfortable with using digital tools to manage their finances
- Rising awareness of the benefits of using a Smart Advisor among consumers, especially millennials who are seen as a key target market for these services
- The growing popularity of personal finance bloggers and other online resources that are helping to educate people about the benefits of working with a Smart Advisor
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Advisor Market Research Report
By Type
Software, Service
By Application
Websites, Contact Centers, Social Media, Mobile Platform
By Companies
Artificial Solutions, IBM Watson, Naunce Communications, EGain Coporation, Creative Virtual Pvt, Next IT Corp, CX Company, Speaktoit Inc., 24/7 Customer Inc, Codebaby (Idavatars)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Smart Advisor Market Report Segments:
The global Smart Advisor market is segmented on the basis of:
Types
Software, Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Websites, Contact Centers, Social Media, Mobile Platform
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Artificial Solutions
- IBM Watson
- Naunce Communications
- EGain Coporation
- Creative Virtual Pvt
- Next IT Corp
- CX Company
- Speaktoit Inc.
- 24/7 Customer Inc
- Codebaby (Idavatars)
Highlights of The Smart Advisor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Service
- By Application:
- Websites
- Contact Centers
- Social Media
- Mobile Platform
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Advisor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Advisor is a personal finance app that helps users save money and make better financial decisions. It provides tips on how to live a budget, manage debt, invest for the future, and more.
Some of the key players operating in the smart advisor market are Artificial Solutions, IBM Watson, Naunce Communications, EGain Coporation, Creative Virtual Pvt, Next IT Corp, CX Company, Speaktoit Inc., 24/7 Customer Inc, Codebaby (Idavatars).
The smart advisor market is expected to grow at a compound annual growth rate of 12.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Advisor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Advisor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Advisor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Advisor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Advisor Market Size & Forecast, 2018-2028
4.5.1 Smart Advisor Market Size and Y-o-Y Growth
4.5.2 Smart Advisor Market Absolute $ Opportunity
Chapter 5 Global Smart Advisor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Advisor Market Size Forecast by Type
5.2.1 Software
5.2.2 Service
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Advisor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Advisor Market Size Forecast by Applications
6.2.1 Websites
6.2.2 Contact Centers
6.2.3 Social Media
6.2.4 Mobile Platform
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Advisor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Advisor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Advisor Analysis and Forecast
9.1 Introduction
9.2 North America Smart Advisor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Advisor Market Size Forecast by Type
9.6.1 Software
9.6.2 Service
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Advisor Market Size Forecast by Applications
9.10.1 Websites
9.10.2 Contact Centers
9.10.3 Social Media
9.10.4 Mobile Platform
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Advisor Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Advisor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Advisor Market Size Forecast by Type
10.6.1 Software
10.6.2 Service
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Advisor Market Size Forecast by Applications
10.10.1 Websites
10.10.2 Contact Centers
10.10.3 Social Media
10.10.4 Mobile Platform
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Advisor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Advisor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Advisor Market Size Forecast by Type
11.6.1 Software
11.6.2 Service
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Advisor Market Size Forecast by Applications
11.10.1 Websites
11.10.2 Contact Centers
11.10.3 Social Media
11.10.4 Mobile Platform
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Advisor Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Advisor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Advisor Market Size Forecast by Type
12.6.1 Software
12.6.2 Service
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Advisor Market Size Forecast by Applications
12.10.1 Websites
12.10.2 Contact Centers
12.10.3 Social Media
12.10.4 Mobile Platform
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Advisor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Advisor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Advisor Market Size Forecast by Type
13.6.1 Software
13.6.2 Service
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Advisor Market Size Forecast by Applications
13.10.1 Websites
13.10.2 Contact Centers
13.10.3 Social Media
13.10.4 Mobile Platform
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Advisor Market: Competitive Dashboard
14.2 Global Smart Advisor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Artificial Solutions
14.3.2 IBM Watson
14.3.3 Naunce Communications
14.3.4 EGain Coporation
14.3.5 Creative Virtual Pvt
14.3.6 Next IT Corp
14.3.7 CX Company
14.3.8 Speaktoit Inc.
14.3.9 24/7 Customer Inc
14.3.10 Codebaby (Idavatars)
