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AI In Banking Global Market By Component, By Enterprise Size, By Application, By Technology, Opportunity Analysis And Industry Forecast, 2023-2032 | Amazon Web Services Inc., Cisco Systems Inc., Microsoft Corporation, SAP SE, BigML Inc.
AI In Banking Market
AI In Banking Market Size, Growth Rate, And Forecast
The global AI in banking market size is expected to grow from $6.82 billion in 2022 to $9.00 billion in 2023 at a compound annual growth rate (CAGR) of 32.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global AI in banking market size is expected to reach $27.76 billion in 2027 at a CAGR of 32.5%.
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AI In Banking Market Drivers
The increasing demand for mobile banking services is expected to propel the growth of AI in banking market going forward. Mobile banking is a service offered by a bank or other financial institution that enables its customers to carry out financial transactions remotely using a mobile device such as a smartphone or tablet.
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AI In Banking Market Segments
• By Component: Solution, Service
• By Technology: Machine Learning And Deep Learning, Natural Language Processing (NLP), Computer Vision, Other Technologies
• By Organization Size: Small And Medium Sized Banks, Large Overseas Banks
• By Application: Risk Management Compliance And Security, Customer Service, Back Office or Operations, Financial Advisory, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the AI In Banking market.
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AI In Banking Market Key Players
Major competitors in the AI In Banking market include Amazon Web Services Inc., Cisco Systems Inc., Microsoft Corporation, SAP SE, BigML Inc., Fair Isaac Corporation, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, RapidMiner Inc., SAS Institute Inc., Intel Corporation, Harman International Industries, ABB Limited, IBM Corporation, Nuance Corporation, Google LLC, IPsoft Inc., Bsh Hausgeräte, Hanson Robotics, Blue Frog Robotics, Fanuc, HighRadius Corporation, Lingxi, Infosys Ltd., Oracle Corporation and Kreditech.
The Business Research Company's "Global AI In Banking Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high-level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The AI In Banking Market Include:
1. Executive Summary
2. AI In Banking Market Characteristics
3. AI In Banking Market Trends And Strategies
4. AI In Banking Market - Macro Economic Scenario
5. AI In Banking Market Size And Growth
.....
26. Africa AI In Banking Market
27. AI In Banking Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The AI In Banking Market
29. AI In Banking Market Future Outlook and Potential Analysis
30. Appendix
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