AI and Advance Machine Learning in BFSI Market outlook – 2030
Rise in investments by BFSI companies in AI and machine learning and preferences for personalized financial services drive the growth of the global AI and advance machine learning in BFSI market. The adoption of AI and advance machine learning in the BFSI sector increased during the Covid-19 pandemic due to shift toward “work from home” culture and need to carry out difficult tasks in banks and fintech organizations.
The global AI and advance machine learning in BFSI market size was valued at $7.66 billion in 2020, and is projected to reach $61.24 billion by 2030, growing at a CAGR of 23.1% from 2021 to 2030. Artificial intelligence in finance is transforming the BFSI industry as AI is helping the financial industry to streamline and optimize processes ranging from credit decisions to quantitative trading and financial risk management. In addition, advanced machine learning technology is used to help organizations to improve customer experience, services, and to optimize budgets. Furthermore, it provides solutions to process automation to replace routine manual work in most cases. In addition, AI and advanced machine learning help in reducing the credit default frauds by monitoring transactions to detect suspicious transactions with compliance concerns.
Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/4334
The global AI and advance machine learning in BFSI market is segmented into component, deployment model, enterprise size, application and region. Depending on component, the AI and advanced machine learning in BFSI market is segregated into solution and services. On the basis of deployment model, it is categorized into on-premise and cloud. Depending on enterprise size, it is fragmented into large enterprises and SMEs. Based on application, the market is divided into fraud & risk management, customer segmentation, sales & marketing, digital assistance and others. Region wise, the AI and advance machine learning in BFSI market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Competitive Analysis
The key players operating in the global AI and advanced machine learning in BFSI industry include Amazon Web Services Inc., BigML, Inc, Cisco Systems, Inc., Fair Isaac Corporation, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Microsoft Corporation, RapidMiner, Inc., SAP SE and SAS Institute Inc. These players have adopted various strategies to increase their market penetration and strengthen their foothold in the competitive AI & advance machine learning in BFSI industry.
Top Impacting Factors
Increase in Investment by BFSI Companies in AI and Machine Learning
Rise in Preference for Personalized Financial Services
Key Benefits For Stakeholders
- The study provides an in-depth analysis of global AI and advanced machine learning in BFSI market forecast along with the current trends and future estimations to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on global AI and advance machine learning in BFSI market trends is provided in the report.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2021 to 2030 is provided to determine the market potential.
Interested to Procure the Data? (Get Detailed Analysis in PDF – 321 Pages): https://www.alliedmarketresearch.com/purchase-enquiry/4334
Key Market Segments
By Component
- Solution
- Services
- Implementation & Integration Service
- Training & Support Service
- Consulting Service
By Deployment Model
- On-premise
- Cloud
By Enterprise Size
- Large Enterprises
- SMEs
By Application
- Fraud & Risk Management
- Customer Segmentation
- Sales & Marketing
- Digital Assistance
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Amazon Web Services Inc.
- BigML, Inc
- Cisco Systems, Inc.
- Fair Isaac Corporation
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation
- Microsoft Corporation
- RapidMiner, Inc.
- SAP SE
- SAS Institute Inc.
Related Links
AI in Insurance Market : https://www.alliedmarketresearch.com/ai-in-insurance-market-A11615
BFSI Crisis Management Market : https://www.alliedmarketresearch.com/bfsi-crisis-management-market-A11105
IoT Insurance Market : https://www.alliedmarketresearch.com/iot-insurance-market-A09784
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact Us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com