Artificial Intelligence In Banking Market Size To Reach 3.56Bn By 2030Posted by tushar on April 30th, 2024 Artificial Intelligence In Banking Market Growth & Trends The global artificial intelligence in banking market size is expected to reach USD 143.56 billion by 2030, growing at a CAGR of 31.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. AI's integration in banking offers personalized financial guidance, customized product suggestions, and customized services based on individual behaviors and preferences. By analyzing extensive data sets, AI enables banks to understand customers on a deeper level, enhancing the overall experience. This technology optimizes risk assessment, drives operational efficiency, strengthens security measures against fraud, and empowers data-driven decision-making, ultimately propelling the banking market forward through improved customer satisfaction, cost savings, and innovative service offerings. Technological advancements serve as the engine propelling the banking market into new frontiers. Innovations such as artificial intelligence, machine learning, blockchain, and advanced analytics redefine traditional banking paradigms. Machine learning refines algorithms, enhancing accuracy in decision-making and customer service. Blockchain ensures secure, transparent, and efficient transactions. Moreover, mobile banking, contactless payments, and biometric authentication optimize convenience and accessibility. These advancements streamline operations, reduce costs, and also strengthen a more inclusive banking environment, satisfying diverse customer needs. As technology evolves, it continually transforms the banking landscape, driving efficiency, security, and customer-centricity. Digital transformation in banking transcends mere technology adoption; it's a holistic transformation of the banking ecosystem towards agility, customer-centricity, and technological prowess. Its core objective is aligning with evolving customer needs enhancing operational efficiency and fortifying security standards. For instance, in June 2023, Infosys Limited signed a deal with Danske Bank, a Danish multinational banking and financial services corporation, to expedite its digital transformation endeavors and generate increased value for its customers through artificial intelligence (AI). The company has entered a five-year agreement valued at 4 million, with the option for renewal for an additional year, up to three times. Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-banking-market-report Artificial Intelligence In Banking Market Report Highlights
Artificial Intelligence In Banking Market Segmentation Grand View Research has segmented the global artificial intelligence in banking market based on component, application, technology, enterprise size, and region: Artificial Intelligence In Banking Component Outlook (Revenue, USD Million, 2017 - 2030)
Artificial Intelligence In Banking Application Outlook (Revenue, USD Million, 2017 - 2030)
Artificial Intelligence In Banking Technology Outlook (Revenue, USD Million, 2017 - 2030)
Artificial Intelligence In Banking Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)
Artificial Intelligence In Banking Regional Outlook (Revenue, USD Million, 2017 - 2030)
List of Key Players in the Artificial Intelligence In Banking Market
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