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.
The global Artificial Intelligence (AI) in BFSI market was valued at US$ 1436 million in 2023 and is anticipated to reach US$ 4262.6 million by 2030, witnessing a CAGR of 19.2% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Artificial Intelligence (AI) in BFSI, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Artificial Intelligence (AI) in BFSI.
Report Scope
The Artificial Intelligence (AI) in BFSI market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Artificial Intelligence (AI) in BFSI market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Artificial Intelligence (AI) in BFSI companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
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
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by 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: Introduces executive summary of global market size, regional market size, 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’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size 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 market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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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: 2019 VS 2023 VS 2030
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 Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Banking
1.3.3 Insurance
1.3.4 Wealth management
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Artificial Intelligence (AI) in BFSI Market Perspective (2019-2030)
2.2 Artificial Intelligence (AI) in BFSI Growth Trends by Region
2.2.1 Global Artificial Intelligence (AI) in BFSI Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Artificial Intelligence (AI) in BFSI Historic Market Size by Region (2019-2024)
2.2.3 Artificial Intelligence (AI) in BFSI Forecasted Market Size by Region (2025-2030)
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 Top Artificial Intelligence (AI) in BFSI Players by Revenue
3.1.1 Global Top Artificial Intelligence (AI) in BFSI Players by Revenue (2019-2024)
3.1.2 Global Artificial Intelligence (AI) in BFSI Revenue Market Share by Players (2019-2024)
3.2 Global Artificial Intelligence (AI) in BFSI Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Artificial Intelligence (AI) in BFSI Revenue
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 2023
3.5 Artificial Intelligence (AI) in BFSI Key Players Head office and Area Served
3.6 Key Players Artificial Intelligence (AI) in BFSI Product Solution and Service
3.7 Date of Enter into Artificial Intelligence (AI) in BFSI Market
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 (2019-2024)
4.2 Global Artificial Intelligence (AI) in BFSI Forecasted Market Size by Type (2025-2030)
5 Artificial Intelligence (AI) in BFSI Breakdown Data by Application
5.1 Global Artificial Intelligence (AI) in BFSI Historic Market Size by Application (2019-2024)
5.2 Global Artificial Intelligence (AI) in BFSI Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Artificial Intelligence (AI) in BFSI Market Size (2019-2030)
6.2 North America Artificial Intelligence (AI) in BFSI Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Artificial Intelligence (AI) in BFSI Market Size by Country (2019-2024)
6.4 North America Artificial Intelligence (AI) in BFSI Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Artificial Intelligence (AI) in BFSI Market Size (2019-2030)
7.2 Europe Artificial Intelligence (AI) in BFSI Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Artificial Intelligence (AI) in BFSI Market Size by Country (2019-2024)
7.4 Europe Artificial Intelligence (AI) in BFSI Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Artificial Intelligence (AI) in BFSI Market Size (2019-2030)
8.2 Asia-Pacific Artificial Intelligence (AI) in BFSI Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Artificial Intelligence (AI) in BFSI Market Size by Region (2019-2024)
8.4 Asia-Pacific Artificial Intelligence (AI) in BFSI Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Artificial Intelligence (AI) in BFSI Market Size (2019-2030)
9.2 Latin America Artificial Intelligence (AI) in BFSI Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Artificial Intelligence (AI) in BFSI Market Size by Country (2019-2024)
9.4 Latin America Artificial Intelligence (AI) in BFSI Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Artificial Intelligence (AI) in BFSI Market Size (2019-2030)
10.2 Middle East & Africa Artificial Intelligence (AI) in BFSI Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Artificial Intelligence (AI) in BFSI Market Size by Country (2019-2024)
10.4 Middle East & Africa Artificial Intelligence (AI) in BFSI Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Google
11.1.1 Google Company Detail
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 (2019-2024)
11.1.5 Google Recent Development
11.2 Microsoft Corporation
11.2.1 Microsoft Corporation Company Detail
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 (2019-2024)
11.2.5 Microsoft Corporation Recent Development
11.3 Amazon Web Services Inc
11.3.1 Amazon Web Services Inc Company Detail
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 (2019-2024)
11.3.5 Amazon Web Services Inc Recent Development
11.4 IBM Corporation
11.4.1 IBM Corporation Company Detail
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 (2019-2024)
11.4.5 IBM Corporation Recent Development
11.5 Avaamo Inc
11.5.1 Avaamo Inc Company Detail
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 (2019-2024)
11.5.5 Avaamo Inc Recent Development
11.6 Baidu Inc
11.6.1 Baidu Inc Company Detail
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 (2019-2024)
11.6.5 Baidu Inc Recent Development
11.7 Cape Analytics LLC
11.7.1 Cape Analytics LLC Company Detail
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 (2019-2024)
11.7.5 Cape Analytics LLC Recent Development
11.8 Oracle Corporation
11.8.1 Oracle Corporation Company Detail
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 (2019-2024)
11.8.5 Oracle Corporation Recent Development
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.