The global artificial intelligence (AI) in BFSI market is expected to grow from USD 1.5 billion in 2018 to USD 3.2 billion by 2030, at a CAGR of 16.6% during the forecast period. The growth of this market can be attributed to the increasing adoption of AI-based solutions for various banking and financial services applications such as fraud detection, customer service, and credit scoring.
The machine learning (ML) segment is expected to dominate the global AI in BFSI market during the forecast period owing to its wide range of applications across various industries such as healthcare, manufacturing, retail, and others. The ML segment is also expected to witness significant growth due to its ability for predictive analytics which helps organizations make better decisions based on data analysis and predictions about future events or outcomes that are likely or unlikely with a certain degree of probability.
AI is a branch of computer science that deals with the simulation of intelligent behavior in computers. AI has been used in many industries, including banking and financial services. AI can be used to automate tasks that are repetitive and time-consuming for humans, such as data entry or customer service.
Industry Growth Insights published a new data on “Artificial Intelligence (AI) in BFSI Market”. The research report is titled “Artificial Intelligence (AI) in BFSI Market research by Types (Machine Learning (ML), Natural Language processing (NLP), Predictive Analytics, Machine Vision), By Applications (Banking, Insurance, Wealth management), By Players/Companies Google Inc., Microsoft Corporation, Amazon Web Services Inc, IBM Corporation, Avaamo Inc, Baidu Inc, Cape Analytics LLC, Oracle Corporation”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Artificial Intelligence (AI) in BFSI Market Research Report
By Type
Machine Learning (ML), Natural Language processing (NLP), Predictive Analytics, Machine Vision
By Application
Banking, Insurance, Wealth management
By Companies
Google Inc., Microsoft Corporation, Amazon Web Services Inc, IBM Corporation, Avaamo Inc, Baidu Inc, Cape Analytics LLC, Oracle Corporation
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
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Global Artificial Intelligence (AI) in BFSI Market Report Segments:
The global Artificial Intelligence (AI) in BFSI market is segmented on the basis of:
Types
Machine Learning (ML), Natural Language processing (NLP), Predictive Analytics, Machine Vision
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
Banking, Insurance, Wealth management
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:
- Google Inc.
- Microsoft Corporation
- Amazon Web Services Inc
- IBM Corporation
- Avaamo Inc
- Baidu Inc
- Cape Analytics LLC
- Oracle Corporation
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Highlights of The Artificial Intelligence (AI) in BFSI 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:
- Machine Learning (ML)
- Natural Language processing (NLP)
- Predictive Analytics
- Machine Vision
- By Application:
- Banking
- Insurance
- Wealth management
- 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 Artificial Intelligence (AI) in BFSI 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.
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- 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
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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?
Artificial intelligence (AI) is a branch of computer science that deals with the creation of intelligent agents, which are systems that can reason, learn and act autonomously. AI has been used in banking and financial services to help automate decision-making processes and support customer service.
Some of the key players operating in the artificial intelligence (ai) in bfsi market are Google Inc., Microsoft Corporation, Amazon Web Services Inc, IBM Corporation, Avaamo Inc, Baidu Inc, Cape Analytics LLC, Oracle Corporation.
The artificial intelligence (ai) in bfsi market is expected to grow at a compound annual growth rate of 16.6%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Artificial Intelligence (AI) in BFSI Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Artificial Intelligence (AI) in BFSI Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Artificial Intelligence (AI) in BFSI Market - Supply Chain
4.5. Global Artificial Intelligence (AI) in BFSI Market Forecast
4.5.1. Artificial Intelligence (AI) in BFSI Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Artificial Intelligence (AI) in BFSI Market Size (000 Units) and Y-o-Y Growth
4.5.3. Artificial Intelligence (AI) in BFSI Market Absolute $ Opportunity
5. Global Artificial Intelligence (AI) in BFSI Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Type
5.3.1. Machine Learning (ML)
5.3.2. Natural Language processing (NLP)
5.3.3. Predictive Analytics
5.3.4. Machine Vision
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Artificial Intelligence (AI) in BFSI Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Application
6.3.1. Banking
6.3.2. Insurance
6.3.3. Wealth management
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Artificial Intelligence (AI) in BFSI Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Artificial Intelligence (AI) in BFSI Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Artificial Intelligence (AI) in BFSI Demand Share Forecast, 2019-2029
9. North America Artificial Intelligence (AI) in BFSI Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Application
9.4.1. Banking
9.4.2. Insurance
9.4.3. Wealth management
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Type
9.7.1. Machine Learning (ML)
9.7.2. Natural Language processing (NLP)
9.7.3. Predictive Analytics
9.7.4. Machine Vision
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Artificial Intelligence (AI) in BFSI Demand Share Forecast, 2019-2029
10. Latin America Artificial Intelligence (AI) in BFSI Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Application
10.4.1. Banking
10.4.2. Insurance
10.4.3. Wealth management
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Type
10.7.1. Machine Learning (ML)
10.7.2. Natural Language processing (NLP)
10.7.3. Predictive Analytics
10.7.4. Machine Vision
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Artificial Intelligence (AI) in BFSI Demand Share Forecast, 2019-2029
11. Europe Artificial Intelligence (AI) in BFSI Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Application
11.4.1. Banking
11.4.2. Insurance
11.4.3. Wealth management
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Type
11.7.1. Machine Learning (ML)
11.7.2 Natural Language processing (NLP)
11.7.3. Predictive Analytics
11.7.4. Machine Vision
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Artificial Intelligence (AI) in BFSI Demand Share, 2019-2029
12. Asia Pacific Artificial Intelligence (AI) in BFSI Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Application
12.4.1. Banking
12.4.2. Insurance
12.4.3. Wealth management
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Type
12.7.1. Machine Learning (ML)
12.7.2. Natural Language processing (NLP)
12.7.3. Predictive Analytics
12.7.4. Machine Vision
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Artificial Intelligence (AI) in BFSI Demand Share, 2019-2029
13. Middle East & Africa Artificial Intelligence (AI) in BFSI Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Artificial Intelligence (AI) in BFSI Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Application
13.4.1. Banking
13.4.2. Insurance
13.4.3. Wealth management
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Artificial Intelligence (AI) in BFSI Market Size and Volume Forecast by Type
13.7.1. Machine Learning (ML)
13.7.2. Natural Language processing (NLP)
13.7.3. Predictive Analytics
13.7.4. Machine Vision
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Artificial Intelligence (AI) in BFSI Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Artificial Intelligence (AI) in BFSI Market: Market Share Analysis
14.2. Artificial Intelligence (AI) in BFSI Distributors and Customers
14.3. Artificial Intelligence (AI) in BFSI Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Google Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Microsoft Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Amazon Web Services Inc
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IBM Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Avaamo Inc
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Baidu Inc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cape Analytics LLC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Oracle Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
