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BFSI Artificial Intelligence Market Size, Share 2023
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:
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.
Report Attributes |
Report Details |
Report Title |
BFSI Artificial Intelligence Market, Global Outlook and Forecast 2023-2030 |
Historical Year |
2018 to 2022 (Data from 2010 can be provided as per availability) |
Base Year |
2022 |
Forecast Year |
2030 |
Number of Pages |
64 Pages |
Customization Available |
Yes, the report can be customized as per your need. |
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 BFSI Artificial Intelligence Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global BFSI Artificial Intelligence Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global BFSI Artificial Intelligence Overall Market Size
2.1 Global BFSI Artificial Intelligence Market Size: 2022 VS 2030
2.2 Global BFSI Artificial Intelligence Market Size, Prospects & Forecasts: 2018-2030
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top BFSI Artificial Intelligence Players in Global Market
3.2 Top Global BFSI Artificial Intelligence Companies Ranked by Revenue
3.3 Global BFSI Artificial Intelligence Revenue by Companies
3.4 Top 3 and Top 5 BFSI Artificial Intelligence Companies in Global Market, by Revenue in 2022
3.5 Global Companies BFSI Artificial Intelligence Product Type
3.6 Tier 1, Tier 2 and Tier 3 BFSI Artificial Intelligence Players in Global Market
3.6.1 List of Global Tier 1 BFSI Artificial Intelligence Companies
3.6.2 List of Global Tier 2 and Tier 3 BFSI Artificial Intelligence Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global BFSI Artificial Intelligence Market Size Markets, 2022 & 2030
4.1.2 Recommendation Engines
4.1.3 Chatbots
4.1.4 Predictive Analytics
4.1.5 Others
4.2 By Type - Global BFSI Artificial Intelligence Revenue & Forecasts
4.2.1 By Type - Global BFSI Artificial Intelligence Revenue, 2018-2023
4.2.2 By Type - Global BFSI Artificial Intelligence Revenue, 2024-2030
4.2.3 By Type - Global BFSI Artificial Intelligence Revenue Market Share, 2018-2030
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global BFSI Artificial Intelligence Market Size, 2022 & 2030
5.1.2 Banking
5.1.3 Investment and Securities Management
5.1.4 Insurance
5.2 By Application - Global BFSI Artificial Intelligence Revenue & Forecasts
5.2.1 By Application - Global BFSI Artificial Intelligence Revenue, 2018-2023
5.2.2 By Application - Global BFSI Artificial Intelligence Revenue, 2024-2030
5.2.3 By Application - Global BFSI Artificial Intelligence Revenue Market Share, 2018-2030
6 Sights by Region
6.1 By Region - Global BFSI Artificial Intelligence Market Size, 2022 & 2030
6.2 By Region - Global BFSI Artificial Intelligence Revenue & Forecasts
6.2.1 By Region - Global BFSI Artificial Intelligence Revenue, 2018-2023
6.2.2 By Region - Global BFSI Artificial Intelligence Revenue, 2024-2030
6.2.3 By Region - Global BFSI Artificial Intelligence Revenue Market Share, 2018-2030
6.3 North America
6.3.1 By Country - North America BFSI Artificial Intelligence Revenue, 2018-2030
6.3.2 US BFSI Artificial Intelligence Market Size, 2018-2030
6.3.3 Canada BFSI Artificial Intelligence Market Size, 2018-2030
6.3.4 Mexico BFSI Artificial Intelligence Market Size, 2018-2030
6.4 Europe
6.4.1 By Country - Europe BFSI Artificial Intelligence Revenue, 2018-2030
6.4.2 Germany BFSI Artificial Intelligence Market Size, 2018-2030
6.4.3 France BFSI Artificial Intelligence Market Size, 2018-2030
6.4.4 U.K. BFSI Artificial Intelligence Market Size, 2018-2030
6.4.5 Italy BFSI Artificial Intelligence Market Size, 2018-2030
6.4.6 Russia BFSI Artificial Intelligence Market Size, 2018-2030
6.4.7 Nordic Countries BFSI Artificial Intelligence Market Size, 2018-2030
6.4.8 Benelux BFSI Artificial Intelligence Market Size, 2018-2030
6.5 Asia
6.5.1 By Region - Asia BFSI Artificial Intelligence Revenue, 2018-2030
6.5.2 China BFSI Artificial Intelligence Market Size, 2018-2030
6.5.3 Japan BFSI Artificial Intelligence Market Size, 2018-2030
6.5.4 South Korea BFSI Artificial Intelligence Market Size, 2018-2030
6.5.5 Southeast Asia BFSI Artificial Intelligence Market Size, 2018-2030
6.5.6 India BFSI Artificial Intelligence Market Size, 2018-2030
6.6 South America
6.6.1 By Country - South America BFSI Artificial Intelligence Revenue, 2018-2030
6.6.2 Brazil BFSI Artificial Intelligence Market Size, 2018-2030
6.6.3 Argentina BFSI Artificial Intelligence Market Size, 2018-2030
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa BFSI Artificial Intelligence Revenue, 2018-2030
6.7.2 Turkey BFSI Artificial Intelligence Market Size, 2018-2030
6.7.3 Israel BFSI Artificial Intelligence Market Size, 2018-2030
6.7.4 Saudi Arabia BFSI Artificial Intelligence Market Size, 2018-2030
6.7.5 UAE BFSI Artificial Intelligence Market Size, 2018-2030
7 BFSI Artificial Intelligence Companies Profiles
7.1 Amazon Web Services, Inc.
7.1.1 Amazon Web Services, Inc. Company Summary
7.1.2 Amazon Web Services, Inc. Business Overview
7.1.3 Amazon Web Services, Inc. BFSI Artificial Intelligence Major Product Offerings
7.1.4 Amazon Web Services, Inc. BFSI Artificial Intelligence Revenue in Global Market (2018-2023)
7.1.5 Amazon Web Services, Inc. Key News & Latest Developments
7.2 Google LLC
7.2.1 Google LLC Company Summary
7.2.2 Google LLC Business Overview
7.2.3 Google LLC BFSI Artificial Intelligence Major Product Offerings
7.2.4 Google LLC BFSI Artificial Intelligence Revenue in Global Market (2018-2023)
7.2.5 Google LLC Key News & Latest Developments
7.3 IBM Corp.
7.3.1 IBM Corp. Company Summary
7.3.2 IBM Corp. Business Overview
7.3.3 IBM Corp. BFSI Artificial Intelligence Major Product Offerings
7.3.4 IBM Corp. BFSI Artificial Intelligence Revenue in Global Market (2018-2023)
7.3.5 IBM Corp. Key News & Latest Developments
7.4 Microsoft Corp.
7.4.1 Microsoft Corp. Company Summary
7.4.2 Microsoft Corp. Business Overview
7.4.3 Microsoft Corp. BFSI Artificial Intelligence Major Product Offerings
7.4.4 Microsoft Corp. BFSI Artificial Intelligence Revenue in Global Market (2018-2023)
7.4.5 Microsoft Corp. Key News & Latest Developments
7.5 Oracle Corp.
7.5.1 Oracle Corp. Company Summary
7.5.2 Oracle Corp. Business Overview
7.5.3 Oracle Corp. BFSI Artificial Intelligence Major Product Offerings
7.5.4 Oracle Corp. BFSI Artificial Intelligence Revenue in Global Market (2018-2023)
7.5.5 Oracle Corp. Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. BFSI Artificial Intelligence Market Opportunities & Trends in Global Market
Table 2. BFSI Artificial Intelligence Market Drivers in Global Market
Table 3. BFSI Artificial Intelligence Market Restraints in Global Market
Table 4. Key Players of BFSI Artificial Intelligence in Global Market
Table 5. Top BFSI Artificial Intelligence Players in Global Market, Ranking by Revenue (2022)
Table 6. Global BFSI Artificial Intelligence Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global BFSI Artificial Intelligence Revenue Share by Companies, 2018-2023
Table 8. Global Companies BFSI Artificial Intelligence Product Type
Table 9. List of Global Tier 1 BFSI Artificial Intelligence Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 BFSI Artificial Intelligence Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global BFSI Artificial Intelligence Revenue, (US$, Mn), 2022 & 2030
Table 12. By Type - BFSI Artificial Intelligence Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - BFSI Artificial Intelligence Revenue in Global (US$, Mn), 2024-2030
Table 14. By Application ? Global BFSI Artificial Intelligence Revenue, (US$, Mn), 2022 & 2030
Table 15. By Application - BFSI Artificial Intelligence Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - BFSI Artificial Intelligence Revenue in Global (US$, Mn), 2024-2030
Table 17. By Region ? Global BFSI Artificial Intelligence Revenue, (US$, Mn), 2022 & 2030
Table 18. By Region - Global BFSI Artificial Intelligence Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global BFSI Artificial Intelligence Revenue (US$, Mn), 2024-2030
Table 20. By Country - North America BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America BFSI Artificial Intelligence Revenue, (US$, Mn), 2024-2030
Table 22. By Country - Europe BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe BFSI Artificial Intelligence Revenue, (US$, Mn), 2024-2030
Table 24. By Region - Asia BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia BFSI Artificial Intelligence Revenue, (US$, Mn), 2024-2030
Table 26. By Country - South America BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America BFSI Artificial Intelligence Revenue, (US$, Mn), 2024-2030
Table 28. By Country - Middle East & Africa BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa BFSI Artificial Intelligence Revenue, (US$, Mn), 2024-2030
Table 30. Amazon Web Services, Inc. Company Summary
Table 31. Amazon Web Services, Inc. BFSI Artificial Intelligence Product Offerings
Table 32. Amazon Web Services, Inc. BFSI Artificial Intelligence Revenue (US$, Mn) & (2018-2023)
Table 33. Amazon Web Services, Inc. Key News & Latest Developments
Table 34. Google LLC Company Summary
Table 35. Google LLC BFSI Artificial Intelligence Product Offerings
Table 36. Google LLC BFSI Artificial Intelligence Revenue (US$, Mn) & (2018-2023)
Table 37. Google LLC Key News & Latest Developments
Table 38. IBM Corp. Company Summary
Table 39. IBM Corp. BFSI Artificial Intelligence Product Offerings
Table 40. IBM Corp. BFSI Artificial Intelligence Revenue (US$, Mn) & (2018-2023)
Table 41. IBM Corp. Key News & Latest Developments
Table 42. Microsoft Corp. Company Summary
Table 43. Microsoft Corp. BFSI Artificial Intelligence Product Offerings
Table 44. Microsoft Corp. BFSI Artificial Intelligence Revenue (US$, Mn) & (2018-2023)
Table 45. Microsoft Corp. Key News & Latest Developments
Table 46. Oracle Corp. Company Summary
Table 47. Oracle Corp. BFSI Artificial Intelligence Product Offerings
Table 48. Oracle Corp. BFSI Artificial Intelligence Revenue (US$, Mn) & (2018-2023)
Table 49. Oracle Corp. Key News & Latest Developments
List of Figures
Figure 1. BFSI Artificial Intelligence Segment by Type in 2022
Figure 2. BFSI Artificial Intelligence Segment by Application in 2022
Figure 3. Global BFSI Artificial Intelligence Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global BFSI Artificial Intelligence Market Size: 2022 VS 2030 (US$, Mn)
Figure 6. Global BFSI Artificial Intelligence Revenue, 2018-2030 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by BFSI Artificial Intelligence Revenue in 2022
Figure 8. By Type - Global BFSI Artificial Intelligence Revenue Market Share, 2018-2030
Figure 9. By Application - Global BFSI Artificial Intelligence Revenue Market Share, 2018-2030
Figure 10. By Type - Global BFSI Artificial Intelligence Revenue, (US$, Mn), 2022 & 2030
Figure 11. By Type - Global BFSI Artificial Intelligence Revenue Market Share, 2018-2030
Figure 12. By Application - Global BFSI Artificial Intelligence Revenue, (US$, Mn), 2022 & 2030
Figure 13. By Application - Global BFSI Artificial Intelligence Revenue Market Share, 2018-2030
Figure 14. By Region - Global BFSI Artificial Intelligence Revenue Market Share, 2018-2030
Figure 15. By Country - North America BFSI Artificial Intelligence Revenue Market Share, 2018-2030
Figure 16. US BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 17. Canada BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 18. Mexico BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 19. By Country - Europe BFSI Artificial Intelligence Revenue Market Share, 2018-2030
Figure 20. Germany BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 21. France BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 22. U.K. BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 23. Italy BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 24. Russia BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 25. Nordic Countries BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 26. Benelux BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 27. By Region - Asia BFSI Artificial Intelligence Revenue Market Share, 2018-2030
Figure 28. China BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 29. Japan BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 30. South Korea BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 31. Southeast Asia BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 32. India BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 33. By Country - South America BFSI Artificial Intelligence Revenue Market Share, 2018-2030
Figure 34. Brazil BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 35. Argentina BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 36. By Country - Middle East & Africa BFSI Artificial Intelligence Revenue Market Share, 2018-2030
Figure 37. Turkey BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 38. Israel BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 39. Saudi Arabia BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 40. UAE BFSI Artificial Intelligence Revenue, (US$, Mn), 2018-2030
Figure 41. Amazon Web Services, Inc. BFSI Artificial Intelligence Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Google LLC BFSI Artificial Intelligence Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. IBM Corp. BFSI Artificial Intelligence Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Microsoft Corp. BFSI Artificial Intelligence Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Oracle Corp. BFSI Artificial Intelligence Revenue Year Over Year Growth (US$, Mn) & (2018-2023)