Product Code: ETC6191151 | Publication Date: Sep 2024 | Updated Date: May 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The smart advisor market in Australia focuses on AI-powered platforms that assist in financial planning, investment advice, and customer service automation. These digital advisors provide cost-effective, accessible solutions for individuals and businesses. Growing demand for personalized financial management tools and increasing adoption of fintech innovations fuel market growth. Regulatory oversight ensures transparency and security in advisory services.
The smart advisor market in Australia is expanding as financial services and customer support sectors adopt AI-driven advisory solutions to improve decision-making and user experience. These platforms offer personalized financial planning, investment advice, and customer engagement tools powered by data analytics. Growing consumer trust in digital advisors and the need for scalable, cost-efficient advisory services drive market growth. Integration with banking and fintech ecosystems enhances the utility and reach of smart advisor applications.
The smart advisor market in Australia is challenged by customer trust issues regarding AI-driven financial and professional advice. Regulatory compliance and transparency requirements impose strict controls on algorithmic recommendations. Integration with legacy financial systems and ensuring cybersecurity are complex tasks. Additionally, the market faces competition from traditional advisory services and requires user education to increase adoption.
Australias financial services sector is embracing AI and automation, fueling growth in the smart advisor (robo-advisor) market. Investors can tap into B2B platforms offering white-label robo-advisory tools, or B2C platforms delivering automated portfolio management. Theres also potential in integrating smart advisors with superannuation funds, insurance, and wealth management apps.
Smart advisorsoften AI-powered virtual assistantsare influenced by government policies on artificial intelligence, such as the AI Action Plan and Australia`s Ethics Framework for AI. These policies encourage innovation while ensuring responsible development and deployment of AI technologies. Funding programs under the Digital Economy Strategy also help start-ups and tech companies develop smart advisor platforms.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Smart Advisor Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Smart Advisor Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Smart Advisor Market - Industry Life Cycle |
3.4 Australia Smart Advisor Market - Porter's Five Forces |
3.5 Australia Smart Advisor Market Revenues & Volume Share, By End-user Verticals, 2021 & 2031F |
4 Australia Smart Advisor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Smart Advisor Market Trends |
6 Australia Smart Advisor Market, By Types |
6.1 Australia Smart Advisor Market, By End-user Verticals |
6.1.1 Overview and Analysis |
6.1.2 Australia Smart Advisor Market Revenues & Volume, By End-user Verticals, 2021- 2031F |
6.1.3 Australia Smart Advisor Market Revenues & Volume, By BFSI, 2021- 2031F |
6.1.4 Australia Smart Advisor Market Revenues & Volume, By Retail, 2021- 2031F |
6.1.5 Australia Smart Advisor Market Revenues & Volume, By Travel and Hospitality, 2021- 2031F |
6.1.6 Australia Smart Advisor Market Revenues & Volume, By Government, 2021- 2031F |
6.1.7 Australia Smart Advisor Market Revenues & Volume, By Others, 2021- 2031F |
7 Australia Smart Advisor Market Import-Export Trade Statistics |
7.1 Australia Smart Advisor Market Export to Major Countries |
7.2 Australia Smart Advisor Market Imports from Major Countries |
8 Australia Smart Advisor Market Key Performance Indicators |
9 Australia Smart Advisor Market - Opportunity Assessment |
9.1 Australia Smart Advisor Market Opportunity Assessment, By End-user Verticals, 2021 & 2031F |
10 Australia Smart Advisor Market - Competitive Landscape |
10.1 Australia Smart Advisor Market Revenue Share, By Companies, 2024 |
10.2 Australia Smart Advisor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |