Press release
AI Rides The Surge In Mobile Banking Demand: A Key Catalyst Accelerating AI in Banking Market Growth in 2025
AI in Banking
What Is the Expected CAGR for the AI in Banking Market Through 2025?
The market size for AI in banking has seen immense growth recently, with projections showing an increase from $11.71 billion in 2024 to $15.37 billion in 2025, representing a compound annual growth rate (CAGR) of 31.3%. Factors contributing to this growth during the historical period include an increase in data within the banking sector, improved fraud detection and prevention measures, superior customer service, reductions in costs due to automation, and increased competition.
What's the Projected Size of the Global AI in Banking Market by 2029?
In the forthcoming years, the AI in banking market size will witness rapid expansion. By 2029, the market will escalate to a value of $50.63 billion, experiencing a compound annual growth rate (CAGR) of 34.7%. This growth during the prediction period can be ascribed to the broadening scope of AI in domains like credit scoring, multichannel support chatbots, AI-based wealth management, open banking agenda, and clear AI for transparency. The upcoming trends to watch for during the forecast duration constitute voice and chatbot interfaces for customer engagement, predictive analytics for tailoring of banking services, AI-enabled regulatory compliance, blockchain amalgamation for improved security and transparency, and the increasing popularity of robo-advisors in wealth management.
View the full report here:
https://www.thebusinessresearchcompany.com/report/ai-in-banking-global-market-report
Top Growth Drivers in the AI in Banking Industry: What's Accelerating the Market?
The surge in the need for mobile banking services is anticipated to fuel the advancement of AI in the banking sector. Mobile banking, which is a service provided by financial institutions, allows users to execute financial transactions digitally through handheld devices such as smartphones or tablets. By leveraging these mobile banking apps, customers can manage their finances and execute transactions anytime, anywhere. This escalating need for mobile banking is enhancing the adoption of AI in the banking sector, a trend predicted to persist going forward. As per the January 2024 report by E-commerce Tips, a US-established e-commerce insights company, the proportion of US citizens utilizing more than one digital payment method increased from 51% (2021) to 62% (2022). Additionally, e-commerce, the largest sector of the global digital payments market, represented $6.310 trillion in 2023, and is projected to reach $6.913 trillion in 2024. The proliferation of digital wallets like PayPal, Venomo, and ApplePay is noteworthy, but credit cards and checks continue to account for 39% and 26% of B2B payments in the US. Consequently, this heightened demand for mobile banking services is set to drive the expansion of the AI in banking market in the upcoming years.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10506&type=smp
What Trends Will Shape the AI in Banking Market Through 2029 and Beyond?
The infiltration of technological innovations is an emerging trend in the AI in banking market. To maintain their market position, companies in the AI in banking sector are embracing new technologies. For example, in April 2023, Jordan Ahli Bank, a financial services organization based in Jordan, introduced an AI system technology known as ahliGPT. This technology enables customers with banking and financial services queries or problems to procure answers swiftly and precisely, thereby conserving time and effort for both bank customers and staff.
What Are the Main Segments in the AI in Banking Market?
The AI in banking market covered in this report is segmented -
1) By Component: Solution, Service
2) By Technology: Machine Learning And Deep Learning, Natural Language Processing (NLP), Computer Vision, Other Technologies
3) By Organization Size: Small And Medium Sized Banks, Large Overseas Banks
4) By Application: Risk Management Compliance And Security, Customer Service, Back Office or Operations, Financial Advisory, Other Applications
Subsegments:
1) By Solution: Chatbots and Virtual Assistants, Fraud Detection and Prevention Solutions, Risk Management Solutions, Customer Analytics Solutions, Automated Wealth Management Solutions
2) By Service: Consulting Services, Implementation Services, Maintenance and Support Services, Training and Education Services, Managed Services
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=10506&type=smp
Which Top Companies are Driving Growth in the AI in Banking Market?
Major companies operating in the AI in banking market include Google LLC, Intel Corporation, Hewlett Packard Enterprise Development LP, accenture* plc, International Business Machines Corporation., Cisco Systems Inc., Oracle Corporation, SAP SE, Infosys Limited, Ally Financial Inc., Fair Isaac Corporation, SAS Institute Inc., International Business Machines Corporation, IPsoft Inc., Nuance Communications, Inc., HighRadius Corporation, Vectra AI, Inc., Amazon Web Services Inc., Kreditech Holding SSL GmbH, Kensho Technologies, Inc., RapidMiner Inc., BigML Inc., Lingxi Technology Co. Ltd.
Which Regions Will Dominate the AI in Banking Market Through 2029?
Asia-Pacific was the largest region in the AI in banking market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global AI in banking market report during the forecast period. The regions covered in the AI in banking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10506
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release AI Rides The Surge In Mobile Banking Demand: A Key Catalyst Accelerating AI in Banking Market Growth in 2025 here
News-ID: 4109127 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Bank
Mortgage-Backed Security Market 2022: Industry Manufacturers Forecasts- Construc …
The Mortgage-Backed Security research report is the professional report with the premium insights which includes the size of the business, the ongoing patterns, drivers, dangers, conceivable outcomes and primary segments. The Market Report predicts the future progress of the Mortgage-Backed Security market based on accurate estimations. Furthermore, the report offers actionable insights into the future growth of the market based on inputs from industry experts to help readers formulate effective…
Doorstep Banking Services Market Challenges and Opportunities in Banking Service …
Doorstep banking is a facility provided so that user don't have to visit bank branches for routine banking activities like cash deposit, cash withdrawal, cheque deposit, or making a demand draft. The bank extends these facilities at user work place by appointing a service provider on your behalf.
This service was earlier available only to senior citizens but it is available to everyone with nominal fee charges, depending on the type…
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021
Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e).
The report also analyzes various payment card markets operating in the industry, and provides detailed…
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank of …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance,…
Payments Landscape in Iran: Opportunities and Risks to 2021- Bank Saderat Iran, …
Payments Landscape in Iran: Opportunities and Risks to 2021
Publisher's "Payments Landscape in Iran: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Iranian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including payment cards and cheques during the review-period (2013-17e).
The report also analyzes various payment card markets operating in the industry, and provides detailed…
India Retail Banking Market Dynamics 2018 by SBI ICICI, HDFC, Axis Bank, Bank o …
Margins among Indian banks remained high at 6.3% in 2017 in comparison to its peers China (2.8%) and Malaysia (2.6%). The average cost-to-income ratio remained at around 53% during 2013-17, marginally higher than China (50%) and Malaysia (51%). However, there remain large disparities in operating efficiencies within the market. The same is also true for profitability, with large disparities in return on assets figures. This is due to rising compliance, regulatory, and other…
