Global AI in Fintech Market
Posted by pallavi on January 7th, 2020
Global AI in Fintech Market was valued at US$ 1.3 Bn in 2017 and is expected to reach US$ 9.5 Bn by 2026, at a CAGR of 28.22% during a forecast period.
New product innovation and huge investment in AI are the major driving factor in AI in fintech market. Additionally, the insightful details about the cash flow and income and expense are gaining traction from the end-user. Financial firms have been the early adopters of the mainframe computer, relational databases, and have eagerly anticipated for the next level of computational power. Moreover, the fintech industry is witnessing a considerable rise in the number of startups. These players are also highly attracted to the adoption of AI to automate and expand their businesses.
The growing mobile workforce will surge further innovation in the fintech market, and increasing use of AI-enabled technological solution in the capital market are some opportunities in the market for AI in fintech. However, lack of skilled consultants to deploy AI in fintech is expected to hinder the growth of the WiFi AI in fintech market during the forecast period
Based on application, business analytics and reporting is the leading segment in AI in Fintech market globally and is composed to grow at a high rate over the course of next five years, as it helps in the analysis of consumer behavior.
On the basis of deployment model, the cloud segment is expected to register the highest CAGR in the coming years, as it offers a wide range of solutions to cater to AI in Fintech market globally.
Region-wise, North America holds the largest market share in the AI in fintech market. North America is at the front of the AI in Fintech market, on the back of high investments in R&D in the developed countries of the U.S and Canada. North America is regarded as the most competitive and fast developing AI technology market, in the finance industry. North America, among all the regions, has registered the maximum adoption of AI in Fintech solutions, owing to its early implementation in a majority of application areas.
AI in Fintech is an associated market owing to the presence of several dominant players in the market. In terms of market share, few of the major players dominate the market for AI in fintech. Many acquisitions and collaboration of large companies are expected to take place shortly which focuses on innovation. In Sept 2017 MIT and IBM joined arms to invest in the AI platform of the latter, Watson and unleash & enrich the application of it in diverse industries with fintech. This is expected to boost the company’s presence and help the organization to be on par with its counterparts.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global AI in Fintech Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global AI in Fintech Market.
for more information visit https://www.maximizemarketresearch.com/market-report/global-ai-in-fintech-market/30669/
Global AI in Fintech Market, By Component
• Virtual Assistant (Chatbots)
• North America
This Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Address : Pune, Maharashtra 411051, India.
Like it? Share it!
About the Authorpallavi
Joined: July 22nd, 2019
Articles Posted: 132
More by this author