AI in Fintech Market 2020 Advanced Technology in- Depth Market Overview will boost considerable development prospects by -2026

Market Size – USD 1.68 Billion in 2018, Market Growth - CAGR of 41.2%, Market Trends – Increase in demand for AI in fintech in the regulatory compliance segment.

The AI in fintech incorporates computational power and deep learning algorithms to the financial technology. A next-level of superiority in proper decision making, real-time automated customer support, reliable and faster trading & management, and overall fluidity in the workflow is accumulated with the help of artificial intelligence. Fraud detection, transaction risk investigation, consumer analysis are some of the highly impactful sectors having rejuvenated the traditional fintech operations with AI.

This report covers the recent COVID-19 incidence and its impact on AI in Fintech. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

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Influential and dominant players in the AI in Fintech market space:
Microsoft, IBM, Nuance Communications, Amazon Web Services, Salesforce.Com, TIBCO Software, Samsung Group, Trifacta Software Inc., Zeitgold GmbH, and Next IT Corporation.

APAC is forecasted to achieve the fastest growth of about 45.6% in the period 2019 – 2026, due to its extensive development in information technology engineering coupled with the massive demand for AI in BFSI sectors and substantial proliferation of the internet availability. India and China are some of the fastest-growing countries due to the immense growth in their banking sectors coupled with a rise in the potential customer base.

For the purpose of this report, Reports and Data have segmented the global AI in fintech market on the basis of the type, component, development mode, application, and region:

Type Outlook (Revenue: USD Billion; 2016-2026)
• Solution
• Service

Component Outlook (Revenue: USD Billion; 2016-2026)
• Component
• Software Tools
• Platforms
• Managed Services
• Consultancy Services

Deployment Mode Outlook (Revenue: USD Billion; 2016-2026)
• Cloud
• On-Premise

Applications Outlook (Revenue: USD Billion; 2016-2026)
• Asset Management
• Risk Investigation
• Business Analytics
• Regulatory Compliance
• Data Collection
• Predictive Analytics
• Virtual Assistance
• Others

The AI in Fintech report consists of streamlined financial data obtained from various research sources to provide specific and trustworthy analysis. An in-depth analysis of the market trends of the AI in Fintech industry and how the factors affect its functioning. The factors are segmented into drivers and restraints for increased comprehensibility and understanding. The report also provides a detailed outlook of the AI in Fintech market share along with strategic recommendations, on the basis of emerging segments.

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The regions that have been included in the study are:
Regional Analysis:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Some major points covered in this AI in Fintech Market report:
1. An excessively meticulous study that helps in segmenting the useful data from the irrelevant.
2. The study has been segmented and sub-segmented into regions, end-users, applications, product types, players according to the influence they exercise in the AI in Fintech market, their strategies, and the potential consumer bases that a new entrant can tap into.
3. In the next section, factors responsible for the growth of the market have been included. This data has been collected from the primary and secondary sources and has been approved by the industry specialists. It helps in understanding the key market segments and their future trends.
4. The participants of this industry who possess and employ influence over the AI in Fintech market are highlighted in the study and their respective strategies to overcome the competition and challenges of the eco-system they perform in.
5. The AI in Fintech market research report also presents an eight-year forecast on the basis of how the market is predicted to grow.

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In the end, the report covers segment data, including industry segment, type segment, channel segment, etc., as well as the segments’ market size, both in terms of volume and value. In addition, the report mentions client data from different industries, which is vital to manufacturers. The report has been collated with in-depth secondary research, comprehending the market access aspects across various geographies.

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This release was published on openPR.