Press release
Artificial Intelligence In BFSI Market MAY SEE A BIG MOVE | Alphabet Inc. (Google), Baidu, Inc., Inbenta Technologies, Inc.
Artificial Intelligence In BFSI Market By Offerings (Hardware, Software, And Services), Solution (Chatbots, Fraud Detection & Prevention, Anti-Money Laundering, Customer Relationship Management, Data Analytics & Prediction, And Others), Technology (Deep Learning, Querying Method, Natural Language Processing, And Context Aware Processing) : Global Opportunity Analysis And Industry Forecast, 2026, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Artificial Intelligence In BFSI market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Artificial Intelligence In BFSI market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, List of Tables & Figures, Chart). - In-depth Analysis Pre & Post COVID-19 Market EstimatesDownload Free Sample Copy of ‘Artificial Intelligence In BFSI market’ Report @ (Exclusive Offer)
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The global artificial intelligence (AI) in BFSI market was valued at $17,765.2 million in 2018 and is expected to reach $247,366.7 million by 2026, registering a CAGR of 38.0% from 2019 to 2026.
Artificial intelligence is the recreation of human intelligence that perform tasks like humans. In financial institutions and other major finance industries, AI has become a core adaption and is expected to change the overall scenario of product and service offerings. For instance, insurance companies are improving risk models to maintain customer loyalty and client satisfaction with the help of advanced AI technological platforms. Various fraud detection, risk mitigation, back-end office works with thousands of people processing customer requests are improved with the help of AI enabled technologies such as chatbots, machine learning, and other such technologies, which boosts the growth of the market. In addition, the reduction in the tendency of human errors by automation of backend processes and enhancement in proactive customer experience is expected to drive the growth of the AI in the BFSI market. However, rise in security concerns, inadequacy of trust while issuing customer data, and higher cost for implementation of AI technologies is expected to restrain the market growth. New entrants like FinTech (Financial Technology) with advance features in the market, new initiatives in government regulations, and existing traditional banking system provides lucrative opportunities for the market growth. The global artificial intelligence (AI) in BFSI market is segmented on the basis of offerings, solution, technology, and region. On the basis of offerings, it is segmented into hardware, software, and services. By service providers, it is segmented into chatbots, fraud detection & prevention, anti-money laundering, customer relationship management, data analytics & prediction, and others. By technology, it is classified into deep learning, querying method, natural language processing, and context aware processing. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global artificial intelligence (AI) in BFSI market along with the current trends and future estimations to elucidate the imminent investment pockets.
Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
Comprehensive quantitative analysis of the industry from 2019 to 2026 is provided to enable the stakeholders to capitalize on the prevailing market opportunities. ? Extensive analysis of the key segments of the industry helps in understanding the offerings, solution, and technology across the globe.
Key market players and their strategies have been analyzed to understand the competitive outlook of the market.
KEY MARKET SEGMENTS –
By Offerings
o Hardware
o Software
o Services –
By Solution
o Chatbots
o Fraud Detection & Prevention
o Anti-Money Laundering
o Customer Relationship Management
o Data Analytics & Prediction o Others –
By Technology
o Deep Learning
o Querying Method
o Natural Language Processing
o Context Aware Processing –
KEY PLAYERS PROFILED - Alphabet Inc. (Google) - Baidu, Inc. - Inbenta Technologies, Inc. - Intel Corporation - International Business Machines Corporation (IBM) - Microsoft Corporation - Oracle Corporation - Palantir Technologies Inc. - SAP SE - salesforce.com, inc. The other players in the market include (profiles not included in the report) the following: - Lexalytics Inc. - Digital Reasoning Inc. - Interaction LLC, Inc. - Ipsoft Inc. - Zest Finance
Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Changing Forecasts in a Time of Crisis: explores key issues, including:
• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Key questions answered: The Study Explore COVID 19 Outbreak Impact Analysis
• What should be entry strategies, countermeasures to economic impact, and marketing channels?
• What are market dynamics?
• What are challenges and opportunities?
• What is economic impact on market?
• What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in Artificial Intelligence In BFSI
Market Report:
• Comprehensive overview of the global Artificial Intelligence In BFSI market
• Analyses of the global market trends, with data corresponding to market size for 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
• Latest information on market growth drivers and opportunities, industry supply chain structure, regulatory developments, technological advancements, and demographic shifts shaping the overall Artificial Intelligence In BFSI marketplace
• Evaluation of market growth during the forecast period, and deep-dive of data on the basis of product type, end-use application and geographical region
• Country specific data and analysis for the U.S., Germany, the U.K., Italy, France, Spain, Japan, China, India, Brazil, Mexico, GCC countries and South Africa
• Identification of the companies best-positioned to meet the global Artificial Intelligence In BFSI market demand on the basis of their proprietary technologies, M&A deals, joint ventures and other strategic alliances
• Market share analysis of the key market participants and their research priorities and competitive landscape
• Detailed company profiles of the major global corporations
Continued….
……..and view more in complete table of Contents
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