Global Edge Artificial Intelligence (AI) In Financial Services Industry Outlook 2025-2029: Market Set to Cross $49 Billion Milestone

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What Is the Expected CAGR for the Edge Artificial Intelligence (AI) In Financial Services Market Through 2025?
The market size of artificial intelligence (AI) applied at the edge in financial services has seen an explosive growth in the past few years. The market is projected to expand from $12.97 billion in 2024 to $16.91 billion in 2025, with a compound annual growth rate (CAGR) of 30.4%. The impressive growth observed in the preceding times is largely due to the enhanced need for real-time fraud detection, the increasing utilization of AI-based risk management, the escalating regulatory compliance demands, the preference for edge computing to expedite transactions, and the growing use of AI-embedded chatbots.

What's the Projected Size of the Global Edge Artificial Intelligence (AI) In Financial Services Market by 2029?
The market size for edge artificial intelligence (AI) in the financial services sector is predicted to experience significant growth in the upcoming years, potentially reaching a worth of $49 billion by 2029, with a compound annual growth rate (CAGR) estimated at 30.5%. This predicted growth during the forecast period can be linked to several factors such as the increased coupling of AI with blockchain, the growing demand for tailor-made financial services, the increased need for processing transactions in real-time, the adoption of 5G for enhanced edge computing, and the greater use of AI in predictive analytics. Key trend forecasts for this period highlight the emergence of advanced AI-powered cybersecurity solutions, the progression of edge-based fraud detection systems, the creation of real-time credit scoring models, greater automation in financial advisory services, and the evolution of decentralized AI in the banking sector.

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Top Growth Drivers in the Edge Artificial Intelligence (AI) In Financial Services Industry: What's Accelerating the Market?
An upsurge in cybersecurity dangers is forecasted to stimulate the financial services market's growth in edge artificial intelligence (AI) in the times ahead. Cybersecurity risks denote any probable harmful attacks intended for data or IT systems to gain access, inflict damage, create disruption, or achieve theft. These escalating cybersecurity dangers are primarily a result of the rising adoption of cloud computing and remote work, escalating the attack surface for harmful actors. Edge AI's role in financial services enhances cybersecurity by facilitating real-time threat detection and response right at the data source, thus cutting down latency and lowering exposure to possible breaches. For example, QBE Insurance Group Limited, a general insurance and reinsurance company based in Australia, noted that the financial sector's average cost associated with a data breach amplified to $6.08 million in 2024, from $5.90 million in 2023. Consequently, the growing incidence of cybersecurity threats is fueling edge artificial intelligence (AI) development in the financial services market.

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What Trends Will Shape the Edge Artificial Intelligence (AI) In Financial Services Market Through 2029 and Beyond?
Leading firms in the Edge AI in financial services market are pivoting towards the creation of ground-breaking solutions such as Large Language Models (LLMs) to enhance real-time decision-making and financial procedures, and to improve their customer engagement. LLMs are sophisticated AI systems that can interpret and generate text that mirrors human language, based on extensive data. In the financial service sector, they assist by automating customer interactions via chatbots, enhancing fraud detection through pattern identification, and boosting financial assessment by swiftly processing vast datasets for trend spotting or identifying potential threats. For example, in September 2024, Nomura Research Institute, Ltd., a company based in Japan specializing in consulting and IT solutions, rolled out the NRI Financial AI Platform. This exceptional solution was built to meet the stringent data privacy and security standards of financial institutions and ensure data sovereignty. This progressive platform satisfies all the rigorous data privacy and security norms of financial institutions while stressing on data sovereignty to keep sensitive information within the regulatory frameworks. It provides a secure and flexible infrastructure for deploying AI resources and aims to assist financial companies in fostering innovation and uncovering new avenues for revenue.

What Are the Main Segments in the Edge Artificial Intelligence (AI) In Financial Services Market?
The edge artificial intelligence (ai) in financial servicesmarket covered in this report is segmented -

1) By Component: Solution, Service
2) By Deployment: On-Premises, Cloud-Based
3) By Technology: Application Programming Interface (API), Blockchain, Machine Learning, Natural Language Processing, Other Technologies
4) By Application: Anti-Money Laundering (AML) And Fraud Detection, Digital Currencies And Crypto Markets, Personalized Financial Advice And Financial Product Offerings, Confidential Computing And Federated Learning, Credit Risk Assessment, Qualification, And Know Your Customer (KYC) Processes, Liquidity And Risk Management, Capital Markets Trading, High-Frequency Trading (HFT), Other Applications
5) By End-user: Retail Banking, Corporate Banking, Insurance Companies, Investment Firms, Hedge Funds, FinTech Companies

Subsegments:
1) By Solution: Artificial Intelligence-Based Risk Management Solutions, Fraud Detection And Prevention Solutions Using Artificial Intelligence, Customer Experience Enhancement Solutions Through Artificial Intelligence, Artificial Intelligence-Based Predictive Analytics Solutions, Artificial Intelligence-Based Decision Support Systems
2) By Service: Consulting Services, Deployment And Integration Services, Support And Maintenance Services, Managed Services

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Which Top Companies are Driving Growth in the Edge Artificial Intelligence (AI) In Financial Services Market?
Major companies operating in the edge artificial intelligence (AI) in financial services market are Samsung Electronics Co. Ltd., Microsoft Corporation, Amazon Web Services (AWS), Dell Technologies Inc., Intel Corporation, IBM Corporation, Cisco Systems Inc., Ernst & Young Global Limited (EY), Oracle Corporation, Qualcomm Incorporated, SAP SE, Hewlett Packard Enterprise (HPE), Fujitsu Limited, NVIDIA Corporation, NEC Corporation, Advanced Micro Devices Inc. (AMD), NatWest Group plc, Nomura Research Institute Ltd., ThetaRay Ltd., Iceotope Technologies Limited

Which Regions Will Dominate the Edge Artificial Intelligence (AI) In Financial Services Market Through 2029?
North America was the largest region in the edge artificial intelligence (AI) in financial services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the edge artificial intelligence (AI) in financial services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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