The artificial intelligence (AI) market in the BFSI sector records a growth of 32.97 billion dollars between 2021 and 2026; Great opportunities with Alphabet Inc. and Amazon.com Inc. – Tecnavio

NEW YORK, October 4, 2022 / PRNewswire / – The size of the artificial intelligence (AI) market in the BFSI industry is set to grow 32.97 billion dollars between 2021 and 2026, with a CAGR of 36.68%. According to Technavio, the market is fragmented and the degree of fragmentation will accelerate during the forecast period. As market growth over the next five years is expected to remain high, competitive rivalry between market suppliers will remain limited. Learn more about the supplier landscape Read the PDF sample report before purchasing.

Technavio announced its latest market research report titled Global Artificial Intelligence (AI) Market in BFSI Sector 2022-2026

The report identifies Alphabet Inc., Amazon.com Inc., Amelia US LLC, Baidu Inc, Glia Technologies Inc, Inbenta Technologies Inc., Intel Corp., International Business Machines Corp., Lexalytics Inc., Microsoft Corp., NVIDIA Corp. , Oracle Corp., Palantir Technologies Inc., Salesforce Inc., ServiceNow Inc., Verint Systems Inc, ZestFinance Inc and SAP SE are some of the major market participants. While AI-enhanced operational efficiency will offer immense growth opportunities, the need for high data quality will challenge the growth of market participants. To make the most of the opportunities, market providers should focus more on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Artificial intelligence (AI) market in the BFSI sector 2022-2026: segmentation

The artificial intelligence (AI) market in the BFSI sector is segmented as follows:

The growth of the artificial intelligence (AI) market share in the BFSI sector by the banking segment will be significant during the forecast period. The use of cognitive technology, along with AI, helps banks leverage digitalization and compete with FinTech players. AI technologies are revolutionizing banking processes and the relationship between banks and customers. Artificial intelligence is expected to shape the future of banking as it delivers the power of advanced data analytics to combat fraudulent transactions and improve compliance – all in seconds.

Hence 48% of market growth North America during the forecast period. The early adoption and increasing investments in artificial intelligence technologies by players such as IBM, Google, Microsoft and AWS in the region will facilitate the growth of the artificial intelligence (AI) market in the BFSI sector in North America in the forecast period. This market research report contains detailed information on competitive intelligence, marketing gaps, and regional opportunities in store for suppliers, which will aid in creating efficient business plans. Our Artificial Intelligence (ai) market report in the BFSI Industry covers the following areas:

Artificial intelligence (AI) market in the BFSI sector 2022-2026: supplier analysis

We provide a detailed analysis of approximately 25 vendors operating in the artificial intelligence (AI) market in the BFSI sector, including some vendors such as suppliers Supported by competitive intelligence and benchmarking, our research reports on the artificial intelligence (AI) market in BFSI Industries are designed to provide entry support, customer profile and M&A, as well as support for go-to-market strategy.

Artificial Intelligence (AI) Market in the BFSI Sector 2022-2026: Highlights

  • Market CAGR over the forecast period 2022-2026

  • Detailed information on the factors that will help the Artificial Intelligence (AI) market in the growth of the BFSI industry over the next five years

  • Estimation of the artificial intelligence (AI) market in the size of the BFSI sector and its contribution to the parent market

  • Forecast on upcoming trends and changes in consumer behavior

  • The growth of the artificial intelligence (AI) market in the BFSI sector

  • Analysis of the competitive market landscape and detailed information on suppliers

  • Full details on the factors that will challenge the growth of the artificial intelligence (AI) market in BFSI industry vendors.

Related reports:

Artificial intelligence (AI) market within the BFSI sector

Report coverage

Details

Page number

120

Reference year

2021

Forecast period

2022-2026

Moment of growth and CAGR

Accelerate to 36.68% CAGR

Market growth 2022-2026

$ 32.97 billion

Market structure

Fragmented

Year-on-year growth (%)

33.99

Regional analysis

North America, APAC, Europe, the Middle East and Africa and South America

Contribution of the performing market

North America at 48%

Key consumer countries

United States, Canada, China, Japan and the United Kingdom

competitive landscape

Leading companies, competitive strategies, area of ​​consumer involvement

Profiled companies

Alphabet Inc., Amazon.com Inc., Amelia US LLC, Baidu Inc, Glia Technologies Inc, Inbenta Technologies Inc., Intel Corp., International Business Machines Corp., Lexalytics Inc., Microsoft Corp., NVIDIA Corp., Oracle Corp ., Palantir Technologies Inc., Salesforce Inc., ServiceNow Inc., Verint Systems Inc., ZestFinance Inc and SAP SE

Market dynamics

Core Market Analysis, Market Growth Inductors and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Future Consumer Dynamics, and Market Condition Analysis for the Forecast Period.

Expertise for customization

If our report did not include the data you are looking for, you can contact our analysts and customize the segments.

Summary :

1 Executive summary

2 Market panorama

3 Sizing of the market

4 Analysis of the five forces

5 Market segmentation by end user

6 Customer landscape

7 Geographic landscape

8 Drivers, challenges and trends

9 Vendor landscape

10 Supplier Analysis

11 Appendix

Who we are

Technavio is a world-leading technological consulting and research company. Their research and analysis focuses on emerging market trends and provides useful information to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of over 17,000 reports and counts, covering 800 technologies, in 50 countries. Their customer base is made up of businesses of all sizes, including more than 100 Fortune 500 companies. This growing customer base is based on Technavio’s comprehensive coverage, in-depth research and actionable market insights to identify opportunities in the existing and potential markets and assess their competitive positions within evolving market scenarios.

Contact

Technavio Research
Jesse Maida
Media and marketing executive
USA: +1 844 364 1100
United Kingdom: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Global Artificial Intelligence (AI) Market in the BFSI Sector 2022-2026

Global Artificial Intelligence (AI) Market in the BFSI Sector 2022-2026

Cision

Cision

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SOURCE Technavio

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