Report Detail

Service & Software Global Artificial Intelligence (AI) in BFSI Market 2024 by Company, Regions, Type and Application, Forecast to 2030

  • RnM2739511
  • |
  • 20 July, 2024
  • |
  • Global
  • |
  • 86 Pages
  • |
  • GIR (Global Info Research)
  • |
  • Service & Software

According to our (Global Info Research) latest study, the global Artificial Intelligence (AI) in BFSI market size was valued at USD 1477.6 million in 2023 and is forecast to a readjusted size of USD 4812.3 million by 2030 with a CAGR of 18.4% during review period.
Artificial Intelligence (AI) is fast evolving as the go-to technology for companies across the world to personalise experience for individuals. The rudimentary applications AI include bring smarter chat-bots for customer service, personalising services for individuals, and even placing an AI robot for self-service at banks. Beyond these basic applications, banks can implement the technology for bringing in more efficiency to their back-office and even reduce fraud and security risks.
Artificial intelligence (AI) in banking, financial services and insurance (BFSI) is projected to grow significantly in the coming years. Positive rise of AI-based application in BFSI such as customer support, fraud detection, and improving employee efficiency, buoyed the AI in BFSI market.
The Global Info Research report includes an overview of the development of the Artificial Intelligence (AI) in BFSI industry chain, the market status of Banking (Machine Learning (ML), Natural Language processing (NLP)), Insurance (Machine Learning (ML), Natural Language processing (NLP)), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Artificial Intelligence (AI) in BFSI.
Regionally, the report analyzes the Artificial Intelligence (AI) in BFSI markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Artificial Intelligence (AI) in BFSI market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Artificial Intelligence (AI) in BFSI market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Artificial Intelligence (AI) in BFSI industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Machine Learning (ML), Natural Language processing (NLP)).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Artificial Intelligence (AI) in BFSI market.
Regional Analysis: The report involves examining the Artificial Intelligence (AI) in BFSI market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Artificial Intelligence (AI) in BFSI market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Artificial Intelligence (AI) in BFSI:
Company Analysis: Report covers individual Artificial Intelligence (AI) in BFSI players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Artificial Intelligence (AI) in BFSI This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Banking, Insurance).
Technology Analysis: Report covers specific technologies relevant to Artificial Intelligence (AI) in BFSI. It assesses the current state, advancements, and potential future developments in Artificial Intelligence (AI) in BFSI areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Artificial Intelligence (AI) in BFSI market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Artificial Intelligence (AI) in BFSI market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
Machine Learning (ML)
Natural Language processing (NLP)
Predictive Analytics
Machine Vision
Market segment by Application
Banking
Insurance
Wealth management
Market segment by players, this report covers
Google
Microsoft Corporation
Amazon Web Services Inc
IBM Corporation
Avaamo Inc
Baidu Inc
Cape Analytics LLC
Oracle Corporation
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Artificial Intelligence (AI) in BFSI product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Artificial Intelligence (AI) in BFSI, with revenue, gross margin and global market share of Artificial Intelligence (AI) in BFSI from 2019 to 2024.
Chapter 3, the Artificial Intelligence (AI) in BFSI competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Artificial Intelligence (AI) in BFSI market forecast, by regions, type and application, with consumption value, from 2025 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Artificial Intelligence (AI) in BFSI.
Chapter 13, to describe Artificial Intelligence (AI) in BFSI research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope of Artificial Intelligence (AI) in BFSI
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Classification of Artificial Intelligence (AI) in BFSI by Type
    • 1.3.1 Overview: Global Artificial Intelligence (AI) in BFSI Market Size by Type: 2019 Versus 2023 Versus 2030
    • 1.3.2 Global Artificial Intelligence (AI) in BFSI Consumption Value Market Share by Type in 2023
    • 1.3.3 Machine Learning (ML)
    • 1.3.4 Natural Language processing (NLP)
    • 1.3.5 Predictive Analytics
    • 1.3.6 Machine Vision
  • 1.4 Global Artificial Intelligence (AI) in BFSI Market by Application
    • 1.4.1 Overview: Global Artificial Intelligence (AI) in BFSI Market Size by Application: 2019 Versus 2023 Versus 2030
    • 1.4.2 Banking
    • 1.4.3 Insurance
    • 1.4.4 Wealth management
  • 1.5 Global Artificial Intelligence (AI) in BFSI Market Size & Forecast
  • 1.6 Global Artificial Intelligence (AI) in BFSI Market Size and Forecast by Region
    • 1.6.1 Global Artificial Intelligence (AI) in BFSI Market Size by Region: 2019 VS 2023 VS 2030
    • 1.6.2 Global Artificial Intelligence (AI) in BFSI Market Size by Region, (2019-2030)
    • 1.6.3 North America Artificial Intelligence (AI) in BFSI Market Size and Prospect (2019-2030)
    • 1.6.4 Europe Artificial Intelligence (AI) in BFSI Market Size and Prospect (2019-2030)
    • 1.6.5 Asia-Pacific Artificial Intelligence (AI) in BFSI Market Size and Prospect (2019-2030)
    • 1.6.6 South America Artificial Intelligence (AI) in BFSI Market Size and Prospect (2019-2030)
    • 1.6.7 Middle East and Africa Artificial Intelligence (AI) in BFSI Market Size and Prospect (2019-2030)

2 Company Profiles

  • 2.1 Google
    • 2.1.1 Google Details
    • 2.1.2 Google Major Business
    • 2.1.3 Google Artificial Intelligence (AI) in BFSI Product and Solutions
    • 2.1.4 Google Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2019-2024)
    • 2.1.5 Google Recent Developments and Future Plans
  • 2.2 Microsoft Corporation
    • 2.2.1 Microsoft Corporation Details
    • 2.2.2 Microsoft Corporation Major Business
    • 2.2.3 Microsoft Corporation Artificial Intelligence (AI) in BFSI Product and Solutions
    • 2.2.4 Microsoft Corporation Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2019-2024)
    • 2.2.5 Microsoft Corporation Recent Developments and Future Plans
  • 2.3 Amazon Web Services Inc
    • 2.3.1 Amazon Web Services Inc Details
    • 2.3.2 Amazon Web Services Inc Major Business
    • 2.3.3 Amazon Web Services Inc Artificial Intelligence (AI) in BFSI Product and Solutions
    • 2.3.4 Amazon Web Services Inc Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2019-2024)
    • 2.3.5 Amazon Web Services Inc Recent Developments and Future Plans
  • 2.4 IBM Corporation
    • 2.4.1 IBM Corporation Details
    • 2.4.2 IBM Corporation Major Business
    • 2.4.3 IBM Corporation Artificial Intelligence (AI) in BFSI Product and Solutions
    • 2.4.4 IBM Corporation Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2019-2024)
    • 2.4.5 IBM Corporation Recent Developments and Future Plans
  • 2.5 Avaamo Inc
    • 2.5.1 Avaamo Inc Details
    • 2.5.2 Avaamo Inc Major Business
    • 2.5.3 Avaamo Inc Artificial Intelligence (AI) in BFSI Product and Solutions
    • 2.5.4 Avaamo Inc Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2019-2024)
    • 2.5.5 Avaamo Inc Recent Developments and Future Plans
  • 2.6 Baidu Inc
    • 2.6.1 Baidu Inc Details
    • 2.6.2 Baidu Inc Major Business
    • 2.6.3 Baidu Inc Artificial Intelligence (AI) in BFSI Product and Solutions
    • 2.6.4 Baidu Inc Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2019-2024)
    • 2.6.5 Baidu Inc Recent Developments and Future Plans
  • 2.7 Cape Analytics LLC
    • 2.7.1 Cape Analytics LLC Details
    • 2.7.2 Cape Analytics LLC Major Business
    • 2.7.3 Cape Analytics LLC Artificial Intelligence (AI) in BFSI Product and Solutions
    • 2.7.4 Cape Analytics LLC Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2019-2024)
    • 2.7.5 Cape Analytics LLC Recent Developments and Future Plans
  • 2.8 Oracle Corporation
    • 2.8.1 Oracle Corporation Details
    • 2.8.2 Oracle Corporation Major Business
    • 2.8.3 Oracle Corporation Artificial Intelligence (AI) in BFSI Product and Solutions
    • 2.8.4 Oracle Corporation Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2019-2024)
    • 2.8.5 Oracle Corporation Recent Developments and Future Plans

3 Market Competition, by Players

  • 3.1 Global Artificial Intelligence (AI) in BFSI Revenue and Share by Players (2019-2024)
  • 3.2 Market Share Analysis (2023)
    • 3.2.1 Market Share of Artificial Intelligence (AI) in BFSI by Company Revenue
    • 3.2.2 Top 3 Artificial Intelligence (AI) in BFSI Players Market Share in 2023
    • 3.2.3 Top 6 Artificial Intelligence (AI) in BFSI Players Market Share in 2023
  • 3.3 Artificial Intelligence (AI) in BFSI Market: Overall Company Footprint Analysis
    • 3.3.1 Artificial Intelligence (AI) in BFSI Market: Region Footprint
    • 3.3.2 Artificial Intelligence (AI) in BFSI Market: Company Product Type Footprint
    • 3.3.3 Artificial Intelligence (AI) in BFSI Market: Company Product Application Footprint
  • 3.4 New Market Entrants and Barriers to Market Entry
  • 3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type

  • 4.1 Global Artificial Intelligence (AI) in BFSI Consumption Value and Market Share by Type (2019-2024)
  • 4.2 Global Artificial Intelligence (AI) in BFSI Market Forecast by Type (2025-2030)

5 Market Size Segment by Application

  • 5.1 Global Artificial Intelligence (AI) in BFSI Consumption Value Market Share by Application (2019-2024)
  • 5.2 Global Artificial Intelligence (AI) in BFSI Market Forecast by Application (2025-2030)

6 North America

  • 6.1 North America Artificial Intelligence (AI) in BFSI Consumption Value by Type (2019-2030)
  • 6.2 North America Artificial Intelligence (AI) in BFSI Consumption Value by Application (2019-2030)
  • 6.3 North America Artificial Intelligence (AI) in BFSI Market Size by Country
    • 6.3.1 North America Artificial Intelligence (AI) in BFSI Consumption Value by Country (2019-2030)
    • 6.3.2 United States Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)
    • 6.3.3 Canada Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)
    • 6.3.4 Mexico Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)

7 Europe

  • 7.1 Europe Artificial Intelligence (AI) in BFSI Consumption Value by Type (2019-2030)
  • 7.2 Europe Artificial Intelligence (AI) in BFSI Consumption Value by Application (2019-2030)
  • 7.3 Europe Artificial Intelligence (AI) in BFSI Market Size by Country
    • 7.3.1 Europe Artificial Intelligence (AI) in BFSI Consumption Value by Country (2019-2030)
    • 7.3.2 Germany Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)
    • 7.3.3 France Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)
    • 7.3.4 United Kingdom Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)
    • 7.3.5 Russia Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)
    • 7.3.6 Italy Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)

8 Asia-Pacific

  • 8.1 Asia-Pacific Artificial Intelligence (AI) in BFSI Consumption Value by Type (2019-2030)
  • 8.2 Asia-Pacific Artificial Intelligence (AI) in BFSI Consumption Value by Application (2019-2030)
  • 8.3 Asia-Pacific Artificial Intelligence (AI) in BFSI Market Size by Region
    • 8.3.1 Asia-Pacific Artificial Intelligence (AI) in BFSI Consumption Value by Region (2019-2030)
    • 8.3.2 China Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)
    • 8.3.3 Japan Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)
    • 8.3.4 South Korea Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)
    • 8.3.5 India Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)
    • 8.3.6 Southeast Asia Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)
    • 8.3.7 Australia Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)

9 South America

  • 9.1 South America Artificial Intelligence (AI) in BFSI Consumption Value by Type (2019-2030)
  • 9.2 South America Artificial Intelligence (AI) in BFSI Consumption Value by Application (2019-2030)
  • 9.3 South America Artificial Intelligence (AI) in BFSI Market Size by Country
    • 9.3.1 South America Artificial Intelligence (AI) in BFSI Consumption Value by Country (2019-2030)
    • 9.3.2 Brazil Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)
    • 9.3.3 Argentina Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)

10 Middle East & Africa

  • 10.1 Middle East & Africa Artificial Intelligence (AI) in BFSI Consumption Value by Type (2019-2030)
  • 10.2 Middle East & Africa Artificial Intelligence (AI) in BFSI Consumption Value by Application (2019-2030)
  • 10.3 Middle East & Africa Artificial Intelligence (AI) in BFSI Market Size by Country
    • 10.3.1 Middle East & Africa Artificial Intelligence (AI) in BFSI Consumption Value by Country (2019-2030)
    • 10.3.2 Turkey Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)
    • 10.3.3 Saudi Arabia Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)
    • 10.3.4 UAE Artificial Intelligence (AI) in BFSI Market Size and Forecast (2019-2030)

11 Market Dynamics

  • 11.1 Artificial Intelligence (AI) in BFSI Market Drivers
  • 11.2 Artificial Intelligence (AI) in BFSI Market Restraints
  • 11.3 Artificial Intelligence (AI) in BFSI Trends Analysis
  • 11.4 Porters Five Forces Analysis
    • 11.4.1 Threat of New Entrants
    • 11.4.2 Bargaining Power of Suppliers
    • 11.4.3 Bargaining Power of Buyers
    • 11.4.4 Threat of Substitutes
    • 11.4.5 Competitive Rivalry

12 Industry Chain Analysis

  • 12.1 Artificial Intelligence (AI) in BFSI Industry Chain
  • 12.2 Artificial Intelligence (AI) in BFSI Upstream Analysis
  • 12.3 Artificial Intelligence (AI) in BFSI Midstream Analysis
  • 12.4 Artificial Intelligence (AI) in BFSI Downstream Analysis

13 Research Findings and Conclusion

    14 Appendix

    • 14.1 Methodology
    • 14.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Artificial Intelligence (AI) in BFSI . Industry analysis & Market Report on Artificial Intelligence (AI) in BFSI is a syndicated market report, published as Global Artificial Intelligence (AI) in BFSI Market 2024 by Company, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Artificial Intelligence (AI) in BFSI market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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