Press release
AI In FinTech Market Analysis, Trends, Growth, Research And Forecast 2032
AI In FinTech Market
The Business Research Company's AI In FinTech Global Market Report 2023 identifies need for fraud detection in fintech or financial institutions as the major driver for the AI in fintech market's growth in the forecast period.Artificial intelligence, or machine learning algorithms, can learn new information from the data collected, the more data that AI manipulates, the more AI can be learned, and the banks can gain deeper insights with AI technology. The biggest advantage of AI is that over time the algorithm builds on collecting more data and learning more about how to use it. The advantage is that it starts the moment the AI is deployed and continues to grow without interruption of contribution.
The global AI in fintech market size will grow from $9.15 billion in 2022 to $11.59 billion in 2023 at a compound annual growth rate (CAGR) of 26.8%. 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 market size of the ai in fintech is expected to grow to $31.71 billion in 2027 at a CAGR of 28.6%.
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Major competitors in the AI in fintech market are Microsoft, Google, IBM Corporation, Intel Corporation, Amazon Web Services, IPsoft, Salesforce Inc., Nuance Communications, Next IT Corporation, Trifacta Software Inc., Inbenta Technologies, Zeitgold GmbH, and Onfido.
A key trend in the AI in fintech market includes technological advancement. For instance, in 2021, In India, the Robo-advisory technology refers to the digital platforms that provide financial advice through AI, driven software with zero human intervention. It advises the people to pick up the right stock and even suggests replacing the existing stock in the portfolio based on the factors related to valuations, governance, and performance other things.
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The AI in fintech market is segmented -
• By Type: Solutions, Services
• By Deployment: Cloud, On-premise
• By Application: Asset Management, Risk Investigation, Business Analytics, Regulatory Compliance, Data Collection, Predictive Analytics, Virtual Assistance, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the AI in fintech market.
The Business Research Company's "Global AI In FinTech Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The AI In FinTech Market Include:
1. Executive Summary
2. AI in FinTech Market Characteristics
3. AI in FinTech Market Trends And Strategies
4. AI in FinTech Market - Macro Economic Scenario
5. AI in FinTech Market Size And Growth
……
26. Africa AI in FinTech Market
27. AI in FinTech Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The AI in FinTech Market
29. AI in FinTech Market Future Outlook and Potential Analysis
30. Appendix
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