In computer science, artificial intelligence (AI), sometimes called machine intelligence, is intelligence demonstrated by machines, in contrast to the natural intelligence displayed by humans. Colloquially, the term "artificial intelligence" is often used to describe machines (or computers) that mimic "cognitive" functions that humans associate with the human mind, such as "learning" and "problem solving".
This report aims to provide a comprehensive presentation of the global market for BFSI Artificial Intelligence, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding BFSI Artificial Intelligence. This report contains market size and forecasts of BFSI Artificial Intelligence in global, including the following market information:
- Global BFSI Artificial Intelligence Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global top five companies in 2022 (%)
The global BFSI Artificial Intelligence market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Financial institutions are focusing on developing autonomous solutions to not only gain a competitive edge but also efficiently cater to customer demand for personalized services and rewards. As a result, BFSI organizations have started integrating AI and Big Data analytics. AI-driven solutions are helping BFSI companies in automating data cleaning and organizing and data analysis while ensuring security. Furthermore, the IT systems integrated with AI and machine learning in BFSI enterprises are capable of self-management and self-repair.
We surveyed the BFSI Artificial Intelligence companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global BFSI Artificial Intelligence Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global BFSI Artificial Intelligence Market Segment Percentages, by Type, 2022 (%)
- Recommendation Engines
- Chatbots
- Predictive Analytics
- Others
Global BFSI Artificial Intelligence Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global BFSI Artificial Intelligence Market Segment Percentages, by Application, 2022 (%)
- Banking
- Investment and Securities Management
- Insurance
Global BFSI Artificial Intelligence Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global BFSI Artificial Intelligence Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies BFSI Artificial Intelligence revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies BFSI Artificial Intelligence revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Amazon Web Services, Inc.
- Google LLC
- IBM Corp.
- Microsoft Corp.
- Oracle Corp.
Outline of Major Chapters:
Chapter 1: Introduces the definition of BFSI Artificial Intelligence, market overview.
Chapter 2: Global BFSI Artificial Intelligence market size in revenue.
Chapter 3: Detailed analysis of BFSI Artificial Intelligence company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of BFSI Artificial Intelligence in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
