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Artificial Intelligence in BFSI Market Growth Factors, Applications, Regional Analysis, Key Players and Forecast by 2029

06-19-2023 09:45 AM CET | IT, New Media & Software

Press release from: ReportsandReports

Artificial Intelligence in BFSI Market

Artificial Intelligence in BFSI Market

The global Artificial Intelligence in BFSI market is projected to grow from US$ 3060.1 million in 2023 to US$ 8321.6 million by 2029, at a Compound Annual Growth Rate (CAGR) of 18.1% during the forecast period. The report on the global Artificial Intelligence in BFSI Market offers a qualitative and quantitative analysis of the market and its growth parameters. It also emphasizes the key drivers, restraints, challenges, and upcoming growth opportunities that will impact the market and create challenging scenarios. It also focuses on the segmentation table and mentions the name of the central fragment and its credited elements. Moreover, the report also highlights key market challenges, developments, and competition the industry faces alongside gap analysis and new opportunities in the Artificial Intelligence in BFSI Market. Artificial intelligence in BFSI refers to the simulation of human intelligence into machines with the help of sophisticated machine learning, cognitive computing, and natural language processing algorithms that help in customer relationship management, communication, and recruitment & wealth management.

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Competitive Landscape:
Some of the prominent players operating in the Artificial Intelligence in BFSI Market:
- Amazon Web Services, Inc.
- Google LLC
- IBM Corp.
- Microsoft Corp.
- Oracle Corp.

Detailed Segmentation:
As a result of the Artificial Intelligence in BFSI market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts.
By Type:
- Recommendation Engines
- Chatbots
- Predictive Analytics
- Others

By Application:
- Banking
- Investment and Securities Management
- Insurance

Global Artificial Intelligence in BFSI Market, By Region:
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• ASEAN
• Australia
• Rest of Asia Pacific
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Middle East & Africa
• Middle East
• Africa

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The research report also includes the present market and its growth potential in the forecast period. An exhaustive and professional study of the global Artificial Intelligence in BFSI Market report has been completed by industry professionals and presented in the most particular manner to present only the details that matter the most. The report mainly focuses on the most dynamic information about the global market.

The Artificial Intelligence in BFSI Market 2022-2028: Key Highlights
• It covers evaluations at the national and regional levels.
• Recommendations and methods for newcomers
• Industry drivers, constraints, possibilities, risks, difficulties, asset management, and ideas.
• It shows information in a written and graphic format that is easy to interpret and compare.
• Artificial Intelligence in BFSI Market changes are dynamic, such as market expansions, partnerships, market penetration, and mergers.

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