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Machine Learning in Banking Market Bigger Than Expected | Affirm Inc., Amazon Web Services, Inc., Big ML, Inc.

12-27-2022 08:20 AM CET | IT, New Media & Software

Press release from: Report Ocean

Machine Learning in Banking Market

Machine Learning in Banking Market

Global Machine Learning in Banking Market Size study, By Component, by Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises ), by Application, and Regional Forecasts 2022-2028, 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 Machine Learning in Banking 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, Machine Learning in Banking market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). - In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

Download Free Sample Copy of 'Machine Learning in Banking market' Report @
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Global Machine Learning in Banking Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.

In Banking sector Machine Learning solutions are utilized for automating different applications such as fraud prevention, anomaly detection, credit scoring, anti-money laundering and kyc process, payment processing, onboarding & document processing, and process automation among others. The rising expansion of banking sector worldwide and increasing adoption of AI and ML based services as well as recent strategic partnership from leading market players are factors that are accelerating the global market demand. For instance, according to India Brand Equity Forum (IBEF) - during FY 2020, total deposits in banking were estimated at USD 1936.29 billion, and the deposits are projected to grow to USD 2101.93 billion by end of 2022. Furthermore, leading market players are working towards strategic initiatives to leverage the growing adoption of Machine learning solutions in banking sector. For instance, in February 2022, Dubai, United Arab Emirates based Mashreq Bank announced a new partnership with Israel based ThetaRay, a fintech software and big data analytics solution provider. Through this collaboration the bank would utilize ThetaRay's AI-driven solution. Moreover, in July 2022, Bentonville, Arkansas, United States based Arvest Bank entered in a five-year partnership with Google Cloud. Under this partnership the bank would leverage Google Cloud's artificial intelligence (AI) and machine learning (ML) tools to enhance customer experience and streamline its banking services. Also, growing digitization in BFSI sector coupled with increasing emergence of neo banks are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a high deployment cost associated with AI and ML solutions impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Machine Learning in Banking Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing number of governance and regulatory compliances and presence of leading financial institutions in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of BFSI industry and increasing penetration of leading market players in the region, would create lucrative growth prospects for the global Machine Learning in Banking Market across the Asia Pacific region.

Major market players included in this report are:
• Affirm Inc.
• Amazon Web Services, Inc.
• Big ML, Inc.
• Cisco Systems, Inc.
• FICO
• Google LLC
• Mindtree
• Microsoft
• SAP SE
• SPD-Group

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component
• Solution
• Service

By Enterprise Size
• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

By Application
• Credit Scoring
• Risk Management Compliance and Security
• Payments and Transactions
• Customer Service

Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery - Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.

The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
• Market Behavior/ Level of Risk and Opportunity
• End Industry Behavior/ Opportunity Assessment
• Expected Industry Recovery Timeline

For more information or any query mail at sales@reportocean.com

Each study, more than 100+ pages, is packed with tables, charts and insightful narrative including coverage on: Report Ocean provides complete tailor-made market reports that deliver vital market information on industry. Our market reports include:
• Market Sizing and Structuring
• Micro and macro analysis
• Regional dynamics and Operational landscape
• Demographic profiling and Addressable market
• Legal Set-up and Regulatory frameworks
• Profitability and Cost analysis
• Segmentation analysis of Market
• Existing marketing strategies in the market, Best practice, GAP analysis
• Competitive landscape, Leading market players, Benchmarking
• Future market trends and opportunities - Scenario modeling

Geographical Breakdown: 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.

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.

(Check Our Exclusive Offer: 30% to 40% Discount)
https://reportocean.com/industry-verticals/sample-request?report_id=bw6140

Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis Our team will be able to provide clear answers, identify key opportunities, new investments, and recommend high quality strategy routes in the market. These answers will include a holistic analysis of the:
• Existing market infrastructures
• Market challenges and opportunities
• Potential for growth in certain industries in the coming years
• End-consumer target groups and their potential volumes of operation
• Best regions and segments to target
• Pros and cons of various promotion models
• Touch points and an opportunity breakdown within the value chain
• Market size and growth rate during forecast period.
• Key factors driving the Market.
• Key market trends cracking up the growth of the Market.
• Challenges to market growth.
• Key vendors of Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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?

Inquire more and share questions if any before the purchase on this report at
https://reportocean.com/industry-verticals/sample-request?report_id=bw6140

Key Points Covered in Machine Learning in Banking Market Report:

Global Machine Learning in Banking Market Research Report
Section 1: Global Machine Learning in Banking Industry Overview
Section 2: Global Economic Impact on Machine Learning in Banking Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Machine Learning in Banking Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Machine Learning in Banking Market Forecast
……..and view more in complete table of Contents

Browse Premium Research Report with Tables and Figures at @ https://reportocean.com/industry-verticals/sample-request?report_id=bw6140

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

Get in Touch with Us:
Report Ocean
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 - UNITED STATES
Tel: +1 888 212 3539 (US - TOLL FREE)
Website: https://www.reportocean.com/
Blog: https://reportoceanblog.com/

About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is "one-stop solution" for individuals, organizations, and industries that are looking for innovative market research reports.

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