AI in BFSI Market Technological Innovations and Future Opportunities 2024 by Top Companies - Amazon Web Services, Baidu Inc., Google Inc., Intel Corporation, Microsoft Corporation, NEXT IT, Oracle, Salesforce.com Inc., SAP SE, Zest Finance

A detailed analysis of the AI in BFSI market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the AI in BFSI market report also contains information on the pivotal industry insights for core players to look out for.

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The excellent growth dynamics of the global artificial intelligence (AI) in BFSI market can be traced by the recent instance of Metromile, a leader in pay-per-mile car insurance in the U.S., launching its new AI-based smart claims assistant, AVA. The automated system reportedly utilizes machine learning capabilities to reconstruct the accident scene and promptly ascertains if claim details are true. Apparently, the claim is approved within seconds after the details are verified and the AI-based tool further notifies the car owner of the expedited claim. With the increasing adoption of high-grade technologies such as IoT and Big Data, the commercialization potential of AI in BFSI market has observed a marked uptick in the past few years.

Key Companies: -
1. Amazon Web Services
2. Avaamo
3. Baidu Inc.
4. Cape Analytics
5. CognitiveScale
6. Comply Advantage.com
7. Descartes Labs
8. Digital Reasoning Inc.
9. GoogleInc.
10. Inbenta Technologies
11. IntelCorporation
12. Interaction LLC
13. Ipsoft Inc.
14. Lexalytics Inc.
15. MicrosoftCorporation
16. NEXT IT
17. OracleCorporation
18. Palantir
19. Salesforce.com Inc.
20. SAPSE
21. Zest Finance

Component analysis:
Component segmentation: The report claims that the Component landscape of the AI in BFSI market is subdivided into -
o Solution
o Service
Important pointers encompassed pertaining to the Component spectrum:
o Major details about the Component spectrum are provided in the report.
o The study elaborates on the remuneration forecast of each of the Component categories by the end of the anticipated duration.
o The market share which each of the Component segments account are mentioned in the study.
o Also, the most proliferating trends that the Component spectrum is characterized by are also entailed.

Technology analysis:
Technology segmentation: The report states the Technology landscape of the AI in BFSI market to be split into -
o Machine Learning
o Natural Language Processing (NLP)
o Computer Vision
Important pointers encompassed pertaining to the Technology spectrum:
o Substantial details about the Technology spectrum are provided in the report.
o The study mentions about the valuation estimate of each of the Technology categories in detail, by the end of the forecast period.
o The market share that each of the Technology segments account are mentioned in the study.
o The trends that the Technology landscape is defined by are also contained in the report.

Application analysis:
Application segmentation: The report claims that the Application landscape of the AI in BFSI market is subdivided into -
o Back Office/Operation
o Customer Service
o Financial Advisory
o Risk Management
o Compliance & Security
Important pointers encompassed pertaining to the Application spectrum:
o The report encompasses major details about the Application spectrum.
o The target valuation that each of the sub-segments of the Application landscape will procure by the end of the anticipate period are mentioned in the report.
o The market share that these sub-segments held are also entailed in the study.
o The global trends that define the Application landscape are discussed in the report.

End-Use analysis:
End-Use segmentation: The study claims that the End-Use landscape of the AI in BFSI market is subdivided into -
o Bank
o Insurance
o Wealth Management
Important pointers encompassed pertaining to the End-Use spectrum:
o The study is inclusive of significant data pertaining to the End-Use spectrum.
o The report encompasses the revenue forecast details of the End-Use segments categories by the end of the anticipate duration.
o The market share which each of the End-Use segments account for are mentioned in the study.
o Also, the most proliferating trends that the End-Use spectrum is characterized by are also entailed.

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The AI in BFSI market research report presents significant information on the methodology deployed to conceptualize the study in question, by means of various primary and secondary sources. The scope of the report and the elements contained in the same with respect to the growth spectrum of the market has been discussed in the study. Also mentioned in the document are details pertaining to the financial data of the companies profiled in the report, in addition to the currently prevalent price trends of the AI in BFSI market.

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