Financial industry stays ahead in the adoption of new technologies. Big banks such as JP Morgan are the early adopters of disruptive technologies like blockchain and cryptocurrencies. Artificial Intelligence (AI) is a paradigm-shifting technology that is seamlessly changing the financial sector. Various application of AI in Fintech sector are accurate decision making, automated customer support, claim management, insurance management, fraud detection, virtual financial assistance, predictive analysis, and others. For customers, banks and other financial institution offers real-time access to accounts, personalized financial recommendations, manage savings, making micro-investments, expense tracking, budgeting, and others. The key benefit of AI in Fintech is that it improves the financial services experience. AI in Fintech meets the demands of customers on a real-time basis. MARKET DYNAMICS
The changing business model in the financial sector and continuous adoption of advanced technology such as artificial intelligence, predictive analytics, the blockchain, and others are significantly driving the AI in Fintech market. The increasing adoption of smartphones is expected to drive the AI in Fintech market significantly during the forecast period. The availability of spatial data and increasing penetration of the internet are among the key drivers for global AI in Fintech market. MARKET SCOPE
The "Global AI in Fintech Market Analysis to 2027" is a specialized and in-depth study of the Fintech industry with a special focus on the global market trend analysis. The report aims to provide an overview of AI in Fintech market with detailed market segmentation by component, application, deployment, and geography. The global AI in Fintech market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading AI in Fintech market players and offers key trends and opportunities in the market. MARKET SEGMENTATION
The global AI in Fintech market is segmented on the basis of component, application, and deployment. Based on component, the market is segmented as software, platform, and services. On the basis of application the market is segmented as virtual assistant, business analytics and reporting, customer behavioral analytics, fraud detection, and others. The market on the basis of deployment is classified as on-premise and cloud based.REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global FI in Fintech market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The AI in Fintech market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting AI in Fintech market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the AI in Fintech market in these regions.
The reports cover key developments in the AI in Fintech market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from AI in Fintech market are anticipated to lucrative growth opportunities in the future with the rising demand for AI in Fintech in the global market. Below mentioned is the list of few companies engaged in the AI in Fintech market.
The report also includes the profiles of key AI in Fintech companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Amazon Web Services
- IBM Corporation
- Inbenta Technologies Inc.
- Intel Corporation
- IPsoft Inc.
- Nuance Communications, Inc.
- Salesforce, inc.
Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.