The global AI in fintech market revenue was around US$ 10.08 billion in 2022 and is estimated to reach US$ 62.6 billion by 2031, growing at a compound annual growth rate (CAGR) of 22.5% during the forecast period from 2023 to 2031.
AI in fintech provides personalized financial advice to assist users achieve their financial objectives. This personalization is possible mainly owing to AI for fintech crypto innovations. Furthermore, AI in FinTech offers enhanced customer services with the aid of virtual helpers, chatbots, and artificial intelligence interfaces that can reliably interact with buyers.
Market Driving Factors
AI in fintech provides enhanced customer services and is estimated to boost the market. Consumer service is one of the most prominent areas of fintech that has been enhanced by artificial intelligence. In addition, the surging sophistication of artificial intelligence has resulted in virtual helpers, chatbots, and artificial intelligence interfaces that can reliably interact with buyers. As a result, the ability to respond to basic queries provides enormous potential in lowering front office and helpline prices.
AI is recognized as being more powerful than the conventional data analytics abilities of financial institutions and is estimated to boost the market growth. This is majorly due to the fintech companies from digital banks to payment gateway providers and stock-trading apps are surging harnessing the capability of artificial intelligence to automate workflows, enhance decision-making, and add value. As a result, AI will become more prevalent in the financial sector, being utilized daily to assist productivity and aid in decision-making.
The rising number of regulatory compliance requirements and the lack of technological expertise are estimated to hinder the market.
Regional Analysis
North America dominated the market in terms of the highest rate and is estimated to maintain its dominance. This can be majorly attributed to the vast majority of financial advisors in the region who believe that artificial intelligence (AI) will alter the FinTech sector and aid in driving business growth. Furthermore, AI has the potential to aid FinTech sustain and drive new growth, by making operating efficiencies and altering the buyer experience through more hyper-personalized insights and products in the region.
Asia Pacific is estimated to dominate the market in terms of the largest shares. This is mainly owing to the surge in technical improvement. The rapid expansion of domestic companies with supportive government measures creates numerous possibilities for the advancement of AI in the fintech business. Furthermore, major players finance in the region’s new markets as part of their business strategy.
Segmentation Insights
Component Insight
The solution segment dominates the market in terms of revenue. This is majorly owing to the software tools, as they assist in deploying AI-enabled solutions in the banking industry to extract correct and complete data with a substantial amount of data and on time. Furthermore, some companies’ solutions help businesses in doing things, such as increasing retail banking business with next-best-action software, detecting & combating financial fraud, and enhancing client connections with multichannel buyer experience solutions.
Application Insight
The virtual assistant (Chatbots) segment is estimated to dominate the market in terms of the growth rate. This is mainly due to the chatbots have become an intelligent solution for the substantial financial and banking industry. They have eliminated the long queues at their branches, saving energy and time, and giving consumers the liberty to get the work done from anywhere without compromising security.
Prominent Companies
Segmentation Outline
The global AI in fintech market segmentation focuses on the Component, Deployment Mode, Application, and Region.
By Component
By Deployment Mode
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL AI IN FINTECH MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: AI IN FINTECH MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL AI IN FINTECH MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL AI IN FINTECH MARKET, BY COMPONENT
5.1 OVERVIEW
5.2 SOLUTION
5.3 SERVICES
6 GLOBAL AI IN FINTECH MARKET, BY DEPLOYMENT MODE
6.1 OVERVIEW
6.2 ON-PREMISE
6.3 CLOUD
7 GLOBAL AI IN FINTECH MARKET, BY APPLICATION
7.1 OVERVIEW
7.2 CUSTOMER BEHAVIORAL ANALYTICS
7.3 VIRTUAL ASSISTANTS (CHATBOTS)
7.4 BUSINESS ANALYTICS AND REPORTING
7.5 OTHERS
8 GLOBAL AI IN FINTECH MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL AI IN FINTECH MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 COMPLYADVANTAGE
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 HCL TECHNOLOGIES LIMITED
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 CISCO SYSTEMS INC.
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 INTEL CORPORATION
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 TIBCO SOFTWARE INC
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 ORACLE CORPORATION
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 GOOGLE
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 CAPGEMINI
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 SAP SE
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 FICO
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 AMAZON WEB SERVICES INC.
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 IBM
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 SALEFORCE INC.
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 INBENTA HOLDINGS INC.
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.16 COGNIZANT
10.16.1 OVERVIEW
10.16.2 FINANCIAL PERFORMANCE
10.16.3 PRODUCT OUTLOOK
10.16.4 KEY DEVELOPMENTS
10.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.17 MICROSOFT
10.17.1 OVERVIEW
10.17.2 FINANCIAL PERFORMANCE
10.17.3 PRODUCT OUTLOOK
10.17.4 KEY DEVELOPMENTS
10.17.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
01
お客様のニーズに合わせてレポートをカスタマイズ可能
02
ベテランの市場調査員による専門的な分析
03
安全で簡単に利用できるオンライン決済方法
04
お客様のご要望に応じて、特定の章を購入することができます。
05
すべてのレポートに専門的な日本語翻訳を提供
06
包括的でわかりやすいレポートを迅速にお届けします。
07
購入後も継続的なサポートとアップデートが受けられます。
We Accept
Copyright ©2022 All rights reserved