Press release
Artificial Intelligence in BFSI Market 2021 Strategic Assessments - Zimmer Biomet Holdings, AlphaSense, Brighterion, IBM, Ipsoft, Infosys
A latest published report on Global Artificial Intelligence in BFSI Market industry analysis and forecast 2021–2026. An analysis report published by Market Intelligence Data is an in-depth study and detailed information regarding the market size, market performance and market dynamics of the Artificial Intelligence in BFSI. This market report provides a holistic scope of the market which includes future supply and demand scenarios, changing market trends, high growth opportunities, and in-depth analysis of the future market prospects. This has brought along several changes in market conditions. This report provides latest insights about the market’s drivers, restraints, opportunities, and trends. It also discusses the growth and trends of various segments and the market in various regions. This is a latest report, covering the current COVID-19 impact on the market.In 2021, the global Artificial Intelligence in BFSI market size will be US$ 3060.1 million and it is expected to reach US$ 8321.6 million by the end of 2027, with a CAGR of 18.1% during 2021-2027.
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The major players covered in the Artificial Intelligence in BFSI market – Zimmer Biomet Holdings, AlphaSense, Brighterion, IBM, Ipsoft, Infosys, Inbenta Technologies, MicroStrategy, Google, Microsoft, Nvidia and others.
Industry News and Updates:
November 11, 2020: Infosys launches 'applied AI' offering for enterprises
Bengaluru, IT major Infosys on Tuesday launched its integrated "applied AI" offering to help enterprises adopt a roadmap to scaling enterprise-grade Artificial Intelligence for their businesses.Infosys said its applied AI offering converges the power of AI, analytics and cloud to deliver new business solutions and perceptive experiences.
Market Overview:
The Integration of AI in BFSI Market is providing an edge to the early adopters and is strengthening their core competencies. The implementation of Artificial Intelligence will improve banking, insurance, and financial services in the upcoming years, positively impacting fraud mitigation, customer service, credit scores, and investment advisories.
Some of the major advantages of implementing artificial intelligence in BFSI Market are tailored customer experience, fraud detection, automated back-end processes, and better turn-around time.
Segment by Type
Cloud
On-premise
Segment by Application
Machine Learning
Natural Language Processing
Image Processing & Video Recognition
Cognitive Computing
Others
The current market situations and prospects of the sector also have been examined. Additionally, prime strategical activities in the market, which include product developments, mergers, and acquisitions, partnerships, etc., are discussed. Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.)
Regionally, this report focuses on several key regions: North America, Europe, China and Japan. At company level, this report focuses on the production capacity, ex-factory price, and revenue and Industry share for each manufacturer covered in this report. This report focuses on global level, regional level and company level and represents overall Artificial Intelligence in BFSI Industry size by analyzing historical data and future prospect.
Regional Analysis:
Artificial intelligence in BFSI Market is growing rapidly with the advent of technology and the availability of the infrastructure. Currently, North America holds the largest share in the artificial intelligence market and is expected to dominate the global market in the coming years. Within North America, U.S. held the largest share in the market, primarily due to the increasing number of investments in the fintech sector and rising implementation of AI-based solutions by major U.S. based banks including Bank of America Corporation, Wells Fargo & Company, JPMorgan Chase & Company, and U.S. Bancorp, among others. Companies are focusing on automation and optimal utilization of resources, as well as working on a customer-centric approach to improve banking offerings. However, APAC is anticipated to be the fastest-growing region and is expected to lead the market over the forecast period. This is attributed to the shift toward digitization by the financial sector, and the demand for personalized customer service in the region.
The report provides a comprehensive analysis of:
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs
Click the link below to browse full report
https://marketintelligencedata.com/reports/54850/global-artificial-intelligence-in-bfsi-market-size-status-and-forecast-2020-2026?Mode=namita
Customization of the Report: The report can be further customized according to the client’s specific research requirements. No additional charges will be added for limited additional research.
Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketIntelligenceData provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketIntelligenceData provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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