The AI In FinTech Global Market Report 2023 by The Business Research Company, provides ai in fintech market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The AI In FinTech Market:
https://www.thebusinessresearchcompany.com/report/ai-in-fintech-global-market-report
According to The Business Research Company’s AI In FinTech Global Market Report 2023, the market size is expected to grow from $9.15 billion in 2022 to $11.59 billion in 2023 at a compound annual growth rate (CAGR) of 26.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the ai in fintech is expected to grow to $31.71 billion in 2027 at a CAGR of 28.6%.
The need for fraud detection in fintech or financial institutions is contributing to the growth of AI in the fintech market. Artificial intelligence, or machine learning algorithms, can learn new information from the data collected, the more data that AI manipulates, the more AI can be learned, and the banks can gain deeper insights with AI technology. The biggest advantage of AI is that over time the algorithm builds on collecting more data and learning more about how to use it. The advantage is that it starts the moment the AI is deployed and continues to grow without interruption of contribution. According to PricewaterhouseCoopers’s survey in 2022, a UK-based financial service provider, in the previous 24 months, fraud, corruption, or other economic crimes were reported by 46% of the organizations polled.
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The ai in fintech market is segmented:
1) By Type: Solutions, Services
2) By Deployment: Cloud, On-premise
3) By Application: Asset Management, Risk Investigation, Business Analytics, Regulatory Compliance, Data Collection, Predictive Analytics, Virtual Assistance, Other Applications
Technological Advancement is the key trend gaining popularity in the AI in the fintech market. For instance, in 2021, In India, the Robo-advisory technology refers to the digital platforms that provide financial advice through AI, driven software with zero human intervention. It advises the people to pick up the right stock and even suggests replacing the existing stock in the portfolio based on the factors related to valuations, governance, and performance other things.
The ai in fintech market report table of contents includes:
1. Executive Summary
2. AI in FinTech Market Characteristics
3. AI in FinTech Market Trends And Strategies
4. AI in FinTech Market – Macro Economic Scenario
5. AI in FinTech Market Size And Growth
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26. Africa AI in FinTech Market
27. AI in FinTech Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The AI in FinTech Market
29. AI in FinTech Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Microsoft
- IBM Corporation
- Intel Corporation
- Amazon Web Services
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