Artificial Intelligence (AI) is fast evolving as the go-to technology for companies across the world to personalise experience for individuals. The rudimentary applications AI include bring smarter chat-bots for customer service, personalising services for individuals, and even placing an AI robot for self-service at banks. Beyond these basic applications, banks can implement the technology for bringing in more efficiency to their back-office and even reduce fraud and security risks.
Market Analysis and Insights: Global Artificial Intelligence (AI) in BFSI Market
The global Artificial Intelligence (AI) in BFSI market is projected to grow from US$ 3232.9 million in 2023 to US$ 15320 million by 2029, at a Compound Annual Growth Rate (CAGR) of 29.6% during the forecast period.
Artificial intelligence (AI) in banking, financial services and insurance (BFSI) is projected to grow significantly in the coming years. Positive rise of AI-based application in BFSI such as customer support, fraud detection, and improving employee efficiency, buoyed the AI in BFSI market.
Report Includes
This report presents an overview of global market for Artificial Intelligence (AI) in BFSI market size. Analyses of the global market trends, with historic market revenue data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.
This report researches the key producers of Artificial Intelligence (AI) in BFSI, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Artificial Intelligence (AI) in BFSI, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Artificial Intelligence (AI) in BFSI revenue, market share and industry ranking of main companies, data from 2018 to 2023. Identification of the major stakeholders in the global Artificial Intelligence (AI) in BFSI market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by type and by application, revenue, and growth rate, from 2018 to 2029. Evaluation and forecast the market size for Artificial Intelligence (AI) in BFSI revenue, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including Google, Microsoft Corporation, Amazon Web Services Inc, IBM Corporation, Avaamo Inc, Baidu Inc, Cape Analytics LLC and Oracle Corporation, etc.
By Company
Google
Microsoft Corporation
Amazon Web Services Inc
IBM Corporation
Avaamo Inc
Baidu Inc
Cape Analytics LLC
Oracle Corporation
Segment by Type
Machine Learning (ML)
Natural Language processing (NLP)
Predictive Analytics
Machine Vision
Segment by Application
Banking
Insurance
Wealth management
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East, Africa, and Latin America
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc.), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Revenue of Artificial Intelligence (AI) in BFSI in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Artificial Intelligence (AI) in BFSI companies鈥� competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America by type, by application and by country, revenue for each segment.
Chapter 7: Europe by type, by application and by country, revenue for each segment.
Chapter 8: China by type and by application revenue for each segment.
Chapter 9: Asia (excluding China) by type, by application and by region, revenue for each segment.
Chapter 10: Middle East, Africa, and Latin America by type, by application and by country, revenue for each segment.
Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Artificial Intelligence (AI) in BFSI revenue, gross margin, and recent development, etc.
Chapter 12: Analyst's Viewpoints/Conclusions
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Artificial Intelligence (AI) in BFSI Market Size Growth Rate by Type, 2018 VS 2022 VS 2029
1.2.2 Machine Learning (ML)
1.2.3 Natural Language processing (NLP)
1.2.4 Predictive Analytics
1.2.5 Machine Vision
1.3 Market by Application
1.3.1 Global Artificial Intelligence (AI) in BFSI Market Size Growth Rate by Application, 2018 VS 2022 VS 2029
1.3.2 Banking
1.3.3 Insurance
1.3.4 Wealth management
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Artificial Intelligence (AI) in BFSI Market Perspective (2018-2029)
2.2 Global Artificial Intelligence (AI) in BFSI Growth Trends by Region
2.2.1 Artificial Intelligence (AI) in BFSI Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Artificial Intelligence (AI) in BFSI Historic Market Size by Region (2018-2023)
2.2.3 Artificial Intelligence (AI) in BFSI Forecasted Market Size by Region (2024-2029)
2.3 Artificial Intelligence (AI) in BFSI Market Dynamics
2.3.1 Artificial Intelligence (AI) in BFSI Industry Trends
2.3.2 Artificial Intelligence (AI) in BFSI Market Drivers
2.3.3 Artificial Intelligence (AI) in BFSI Market Challenges
2.3.4 Artificial Intelligence (AI) in BFSI Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue Artificial Intelligence (AI) in BFSI by Players
3.1.1 Global Artificial Intelligence (AI) in BFSI Revenue by Players (2018-2023)
3.1.2 Global Artificial Intelligence (AI) in BFSI Revenue Market Share by Players (2018-2023)
3.2 Global Artificial Intelligence (AI) in BFSI Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of Artificial Intelligence (AI) in BFSI, Ranking by Revenue, 2021 VS 2022 VS 2023
3.4 Global Artificial Intelligence (AI) in BFSI Market Concentration Ratio
3.4.1 Global Artificial Intelligence (AI) in BFSI Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Artificial Intelligence (AI) in BFSI Revenue in 2022
3.5 Global Key Players of Artificial Intelligence (AI) in BFSI Head office and Area Served
3.6 Global Key Players of Artificial Intelligence (AI) in BFSI, Product and Application
3.7 Global Key Players of Artificial Intelligence (AI) in BFSI, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Artificial Intelligence (AI) in BFSI Breakdown Data by Type
4.1 Global Artificial Intelligence (AI) in BFSI Historic Market Size by Type (2018-2023)
4.2 Global Artificial Intelligence (AI) in BFSI Forecasted Market Size by Type (2024-2029)
5 Artificial Intelligence (AI) in BFSI Breakdown Data by Application
5.1 Global Artificial Intelligence (AI) in BFSI Historic Market Size by Application (2018-2023)
5.2 Global Artificial Intelligence (AI) in BFSI Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Artificial Intelligence (AI) in BFSI Market Size (2018-2029)
6.2 North America Artificial Intelligence (AI) in BFSI Market Size by Type
6.2.1 North America Artificial Intelligence (AI) in BFSI Market Size by Type (2018-2023)
6.2.2 North America Artificial Intelligence (AI) in BFSI Market Size by Type (2024-2029)
6.2.3 North America Artificial Intelligence (AI) in BFSI Market Share by Type (2018-2029)
6.3 North America Artificial Intelligence (AI) in BFSI Market Size by Application
6.3.1 North America Artificial Intelligence (AI) in BFSI Market Size by Application (2018-2023)
6.3.2 North America Artificial Intelligence (AI) in BFSI Market Size by Application (2024-2029)
6.3.3 North America Artificial Intelligence (AI) in BFSI Market Share by Application (2018-2029)
6.4 North America Artificial Intelligence (AI) in BFSI Market Size by Country
6.4.1 North America Artificial Intelligence (AI) in BFSI Market Size by Country: 2018 VS 2022 VS 2029
6.4.2 North America Artificial Intelligence (AI) in BFSI Market Size by Country (2018-2023)
6.4.3 North America Artificial Intelligence (AI) in BFSI Market Size by Country (2024-2029)
6.4.4 United States
6.4.5 Canada
7 Europe
7.1 Europe Artificial Intelligence (AI) in BFSI Market Size (2018-2029)
7.2 Europe Artificial Intelligence (AI) in BFSI Market Size by Type
7.2.1 Europe Artificial Intelligence (AI) in BFSI Market Size by Type (2018-2023)
7.2.2 Europe Artificial Intelligence (AI) in BFSI Market Size by Type (2024-2029)
7.2.3 Europe Artificial Intelligence (AI) in BFSI Market Share by Type (2018-2029)
7.3 Europe Artificial Intelligence (AI) in BFSI Market Size by Application
7.3.1 Europe Artificial Intelligence (AI) in BFSI Market Size by Application (2018-2023)
7.3.2 Europe Artificial Intelligence (AI) in BFSI Market Size by Application (2024-2029)
7.3.3 Europe Artificial Intelligence (AI) in BFSI Market Share by Application (2018-2029)
7.4 Europe Artificial Intelligence (AI) in BFSI Market Size by Country
7.4.1 Europe Artificial Intelligence (AI) in BFSI Market Size by Country: 2018 VS 2022 VS 2029
7.4.2 Europe Artificial Intelligence (AI) in BFSI Market Size by Country (2018-2023)
7.4.3 Europe Artificial Intelligence (AI) in BFSI Market Size by Country (2024-2029)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China Artificial Intelligence (AI) in BFSI Market Size (2018-2029)
8.2 China Artificial Intelligence (AI) in BFSI Market Size by Type
8.2.1 China Artificial Intelligence (AI) in BFSI Market Size by Type (2018-2023)
8.2.2 China Artificial Intelligence (AI) in BFSI Market Size by Type (2024-2029)
8.2.3 China Artificial Intelligence (AI) in BFSI Market Share by Type (2018-2029)
8.3 China Artificial Intelligence (AI) in BFSI Market Size by Application
8.3.1 China Artificial Intelligence (AI) in BFSI Market Size by Application (2018-2023)
8.3.2 China Artificial Intelligence (AI) in BFSI Market Size by Application (2024-2029)
8.3.3 China Artificial Intelligence (AI) in BFSI Market Share by Application (2018-2029)
9 Asia (excluding China)
9.1 Asia Artificial Intelligence (AI) in BFSI Market Size (2018-2029)
9.2 Asia Artificial Intelligence (AI) in BFSI Market Size by Type
9.2.1 Asia Artificial Intelligence (AI) in BFSI Market Size by Type (2018-2023)
9.2.2 Asia Artificial Intelligence (AI) in BFSI Market Size by Type (2024-2029)
9.2.3 Asia Artificial Intelligence (AI) in BFSI Market Share by Type (2018-2029)
9.3 Asia Artificial Intelligence (AI) in BFSI Market Size by Application
9.3.1 Asia Artificial Intelligence (AI) in BFSI Market Size by Application (2018-2023)
9.3.2 Asia Artificial Intelligence (AI) in BFSI Market Size by Application (2024-2029)
9.3.3 Asia Artificial Intelligence (AI) in BFSI Market Share by Application (2018-2029)
9.4 Asia Artificial Intelligence (AI) in BFSI Market Size by Region
9.4.1 Asia Artificial Intelligence (AI) in BFSI Market Size by Region: 2018 VS 2022 VS 2029
9.4.2 Asia Artificial Intelligence (AI) in BFSI Market Size by Region (2018-2023)
9.4.3 Asia Artificial Intelligence (AI) in BFSI Market Size by Region (2024-2029)
9.4.4 Japan
9.4.5 South Korea
9.4.6 China Taiwan
9.4.7 Southeast Asia
9.4.8 India
9.4.9 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America Artificial Intelligence (AI) in BFSI Market Size (2018-2029)
10.2 Middle East, Africa, and Latin America Artificial Intelligence (AI) in BFSI Market Size by Type
10.2.1 Middle East, Africa, and Latin America Artificial Intelligence (AI) in BFSI Market Size by Type (2018-2023)
10.2.2 Middle East, Africa, and Latin America Artificial Intelligence (AI) in BFSI Market Size by Type (2024-2029)
10.2.3 Middle East, Africa, and Latin America Artificial Intelligence (AI) in BFSI Market Share by Type (2018-2029)
10.3 Middle East, Africa, and Latin America Artificial Intelligence (AI) in BFSI Market Size by Application
10.3.1 Middle East, Africa, and Latin America Artificial Intelligence (AI) in BFSI Market Size by Application (2018-2023)
10.3.2 Middle East, Africa, and Latin America Artificial Intelligence (AI) in BFSI Market Size by Application (2024-2029)
10.3.3 Middle East, Africa, and Latin America Artificial Intelligence (AI) in BFSI Market Share by Application (2018-2029)
10.4 Middle East, Africa, and Latin America Artificial Intelligence (AI) in BFSI Market Size by Country
10.4.1 Middle East, Africa, and Latin America Artificial Intelligence (AI) in BFSI Market Size by Country: 2018 VS 2022 VS 2029
10.4.2 Middle East, Africa, and Latin America Artificial Intelligence (AI) in BFSI Market Size by Country (2018-2023)
10.4.3 Middle East, Africa, and Latin America Artificial Intelligence (AI) in BFSI Market Size by Country (2024-2029)
10.4.4 Brazil
10.4.5 Mexico
10.4.6 Turkey
10.4.7 Saudi Arabia
10.4.8 Israel
10.4.9 GCC Countries
11 Key Players Profiles
11.1 Google
11.1.1 Google Company Details
11.1.2 Google Business Overview
11.1.3 Google Artificial Intelligence (AI) in BFSI Introduction
11.1.4 Google Revenue in Artificial Intelligence (AI) in BFSI Business (2018-2023)
11.1.5 Google Recent Developments
11.2 Microsoft Corporation
11.2.1 Microsoft Corporation Company Details
11.2.2 Microsoft Corporation Business Overview
11.2.3 Microsoft Corporation Artificial Intelligence (AI) in BFSI Introduction
11.2.4 Microsoft Corporation Revenue in Artificial Intelligence (AI) in BFSI Business (2018-2023)
11.2.5 Microsoft Corporation Recent Developments
11.3 Amazon Web Services Inc
11.3.1 Amazon Web Services Inc Company Details
11.3.2 Amazon Web Services Inc Business Overview
11.3.3 Amazon Web Services Inc Artificial Intelligence (AI) in BFSI Introduction
11.3.4 Amazon Web Services Inc Revenue in Artificial Intelligence (AI) in BFSI Business (2018-2023)
11.3.5 Amazon Web Services Inc Recent Developments
11.4 IBM Corporation
11.4.1 IBM Corporation Company Details
11.4.2 IBM Corporation Business Overview
11.4.3 IBM Corporation Artificial Intelligence (AI) in BFSI Introduction
11.4.4 IBM Corporation Revenue in Artificial Intelligence (AI) in BFSI Business (2018-2023)
11.4.5 IBM Corporation Recent Developments
11.5 Avaamo Inc
11.5.1 Avaamo Inc Company Details
11.5.2 Avaamo Inc Business Overview
11.5.3 Avaamo Inc Artificial Intelligence (AI) in BFSI Introduction
11.5.4 Avaamo Inc Revenue in Artificial Intelligence (AI) in BFSI Business (2018-2023)
11.5.5 Avaamo Inc Recent Developments
11.6 Baidu Inc
11.6.1 Baidu Inc Company Details
11.6.2 Baidu Inc Business Overview
11.6.3 Baidu Inc Artificial Intelligence (AI) in BFSI Introduction
11.6.4 Baidu Inc Revenue in Artificial Intelligence (AI) in BFSI Business (2018-2023)
11.6.5 Baidu Inc Recent Developments
11.7 Cape Analytics LLC
11.7.1 Cape Analytics LLC Company Details
11.7.2 Cape Analytics LLC Business Overview
11.7.3 Cape Analytics LLC Artificial Intelligence (AI) in BFSI Introduction
11.7.4 Cape Analytics LLC Revenue in Artificial Intelligence (AI) in BFSI Business (2018-2023)
11.7.5 Cape Analytics LLC Recent Developments
11.8 Oracle Corporation
11.8.1 Oracle Corporation Company Details
11.8.2 Oracle Corporation Business Overview
11.8.3 Oracle Corporation Artificial Intelligence (AI) in BFSI Introduction
11.8.4 Oracle Corporation Revenue in Artificial Intelligence (AI) in BFSI Business (2018-2023)
11.8.5 Oracle Corporation Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Google
Microsoft Corporation
Amazon Web Services Inc
IBM Corporation
Avaamo Inc
Baidu Inc
Cape Analytics LLC
Oracle Corporation
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*If Applicable.
