One seriously needs to earn money from various sources and people too have understood the importance of this. This is the major factor why majority of people are turning towards investment apps. Despite major fluctuations, investments through stock market and mutual funds remain safest bet in the times when financial ecosystem is witnessing rampant changes. According to market experts, the global investment app market is likely to witness tremendous growth over the period of next few years. The recent coronavirus pandemic was a blessing in disguise for the global investment app market. The global adversity was an eye opener for many who were dependent on only one source of income. Many people had to suffer hardship in the times when economies had collapsed due to the lockdown curbs imposed to curtail the spread of the dreadful virus.
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Growing awareness about investment, tie-ups with celebrities to promote investment apps and lucrative returns are rapidly driving the growth of the global investment app market. Additionally, the upward going demand for smartphones, specifically those operating on android platforms also contributes to the growth of this market. Meanwhile, no investment plan is full-proof and has an element of risk. Also, several fake apps are present in the market that are mainly operational to dupe people of their money. This is the biggest hindrance in the growth of the global investment app market. Despite regulatory bodies, these apps are emerging a big threat.
Irrespective of all the hindrances, the global investment app market is forecasted to grow at an exceptional rate. Upgraded standard of living and getting ready for any financial meltdown will drive more people to use these investment apps.
Key Takeaways of the Report:
- The investment app market is expected to gain a CAGR of 18.5% over the forecast period (2022 – 2030).
- Apple’s iPhone has successfully managed to carve a niche for itself and many people are turning towards iOS smartphones. This is exactly why this platform will be generating maximum revenue for the global investment app market.
- Yearly subscription is way cheaper compared to the monthly and this is the reason that this segment will continue to make most of the money for the global investment app market.
- On the basis of users, the first-time users or beginners are expected to bring in more money for the global investment app market. Rising awareness along with lucrative return plans on most of the investment plans is attracting major chunk of crowd, who are truly new to the world of investments.
- The region of Asia Pacific is forecasted to witness growth at the fastest rate for the global investment app market. The number of smartphone users and working-class people is constantly growing in countries like India and China. Several factors like this are driving the growth of this market in the region.
Key players operating in the global investment app market are listed below:
- Acorns Grow Incorporated
- Charles Schwab & Co., Inc.
- FMR LLC
- INVSTR LTD
- M1 Holdings Inc.
- Round Investments LLC
- Social Finance, Inc
- Stash Financial, Inc
- Stockpile, Inc.
- Other Market Participants
Global Investment App Market
By End Users
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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