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Artificial Intelligence (AI) is fast evolving as the go-to technology for companies across the world to personalise experience for individuals. The rudimentary applications AI include bring smarter chat-bots for customer service, personalising services for individuals, and even placing an AI robot for self-service at banks. Beyond these basic applications, banks can implement the technology for bringing in more efficiency to their back-office and even reduce fraud and security risks.
Scope of the Report:
Artificial intelligence (AI) in banking, financial services and insurance (BFSI) is projected to grow significantly in the coming years. Positive rise of AI-based application in BFSI such as customer support, fraud detection, and improving employee efficiency, buoyed the AI in BFSI market.
The global Artificial Intelligence (AI) in BFSI market is valued at 2500 million USD in 2017 and is expected to reach 11300 million USD by the end of 2023, growing at a CAGR of 28.7% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Artificial Intelligence (AI) in BFSI.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
This report studies the Artificial Intelligence (AI) in BFSI market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Artificial Intelligence (AI) in BFSI market by product type and applications/end industries.
Market Segment by Companies, this report covers
Google Inc.
Microsoft Corporation
Amazon Web Services Inc
IBM Corporation
Avaamo Inc
Baidu Inc
Cape Analytics LLC
Oracle Corporation
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Machine Learning (ML)
Natural Language processing (NLP)
Predictive Analytics
Machine Vision
Market Segment by Applications, can be divided into
Banking
Insurance
Wealth management
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
1 Artificial Intelligence (AI) in BFSI Market Overview
1.1 Product Overview and Scope of Artificial Intelligence (AI) in BFSI
1.2 Classification of Artificial Intelligence (AI) in BFSI by Types
1.2.1 Global Artificial Intelligence (AI) in BFSI Revenue Comparison by Types (2017-2023)
1.2.2 Global Artificial Intelligence (AI) in BFSI Revenue Market Share by Types in 2017
1.2.3 Machine Learning (ML)
1.2.4 Natural Language processing (NLP)
1.2.5 Predictive Analytics
1.2.6 Machine Vision
1.3 Global Artificial Intelligence (AI) in BFSI Market by Application
1.3.1 Global Artificial Intelligence (AI) in BFSI Market Size and Market Share Comparison by Applications (2013-2023)
1.3.2 Banking
1.3.3 Insurance
1.3.4 Wealth management
1.4 Global Artificial Intelligence (AI) in BFSI Market by Regions
1.4.1 Global Artificial Intelligence (AI) in BFSI Market Size (Million USD) Comparison by Regions (2013-2023)
1.4.1 North America (USA, Canada and Mexico) Artificial Intelligence (AI) in BFSI Status and Prospect (2013-2023)
1.4.2 Europe (Germany, France, UK, Russia and Italy) Artificial Intelligence (AI) in BFSI Status and Prospect (2013-2023)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Artificial Intelligence (AI) in BFSI Status and Prospect (2013-2023)
1.4.4 South America (Brazil, Argentina, Colombia) Artificial Intelligence (AI) in BFSI Status and Prospect (2013-2023)
1.4.5 Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Artificial Intelligence (AI) in BFSI Status and Prospect (2013-2023)
1.5 Global Market Size of Artificial Intelligence (AI) in BFSI (2013-2023)
2 Manufacturers Profiles
2.1 Google Inc.
2.1.1 Business Overview
2.1.2 Artificial Intelligence (AI) in BFSI Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 Google Inc. Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2016-2017)
2.2 Microsoft Corporation
2.2.1 Business Overview
2.2.2 Artificial Intelligence (AI) in BFSI Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 Microsoft Corporation Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2016-2017)
2.3 Amazon Web Services Inc
2.3.1 Business Overview
2.3.2 Artificial Intelligence (AI) in BFSI Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 Amazon Web Services Inc Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2016-2017)
2.4 IBM Corporation
2.4.1 Business Overview
2.4.2 Artificial Intelligence (AI) in BFSI Type and Applications
2.4.2.1 Product A
2.4.2.2 Product B
2.4.3 IBM Corporation Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2016-2017)
2.5 Avaamo Inc
2.5.1 Business Overview
2.5.2 Artificial Intelligence (AI) in BFSI Type and Applications
2.5.2.1 Product A
2.5.2.2 Product B
2.5.3 Avaamo Inc Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2016-2017)
2.6 Baidu Inc
2.6.1 Business Overview
2.6.2 Artificial Intelligence (AI) in BFSI Type and Applications
2.6.2.1 Product A
2.6.2.2 Product B
2.6.3 Baidu Inc Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2016-2017)
2.7 Cape Analytics LLC
2.7.1 Business Overview
2.7.2 Artificial Intelligence (AI) in BFSI Type and Applications
2.7.2.1 Product A
2.7.2.2 Product B
2.7.3 Cape Analytics LLC Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2016-2017)
2.8 Oracle Corporation
2.8.1 Business Overview
2.8.2 Artificial Intelligence (AI) in BFSI Type and Applications
2.8.2.1 Product A
2.8.2.2 Product B
2.8.3 Oracle Corporation Artificial Intelligence (AI) in BFSI Revenue, Gross Margin and Market Share (2016-2017)
3 Global Artificial Intelligence (AI) in BFSI Market Competition, by Players
3.1 Global Artificial Intelligence (AI) in BFSI Revenue and Share by Players (2013-2018)
3.2 Market Concentration Rate
3.2.1 Top 5 Artificial Intelligence (AI) in BFSI Players Market Share
3.2.2 Top 10 Artificial Intelligence (AI) in BFSI Players Market Share
3.3 Market Competition Trend
4 Global Artificial Intelligence (AI) in BFSI Market Size by Regions
4.1 Global Artificial Intelligence (AI) in BFSI Revenue and Market Share by Regions
4.2 North America Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
4.3 Europe Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
4.4 Asia-Pacific Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
4.5 South America Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
4.6 Middle East and Africa Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
5 North America Artificial Intelligence (AI) in BFSI Revenue by Countries
5.1 North America Artificial Intelligence (AI) in BFSI Revenue by Countries (2013-2018)
5.2 USA Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
5.3 Canada Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
5.4 Mexico Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
6 Europe Artificial Intelligence (AI) in BFSI Revenue by Countries
6.1 Europe Artificial Intelligence (AI) in BFSI Revenue by Countries (2013-2018)
6.2 Germany Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
6.3 UK Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
6.4 France Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
6.5 Russia Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
6.6 Italy Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
7 Asia-Pacific Artificial Intelligence (AI) in BFSI Revenue by Countries
7.1 Asia-Pacific Artificial Intelligence (AI) in BFSI Revenue by Countries (2013-2018)
7.2 China Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
7.3 Japan Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
7.4 Korea Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
7.5 India Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
7.6 Southeast Asia Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
8 South America Artificial Intelligence (AI) in BFSI Revenue by Countries
8.1 South America Artificial Intelligence (AI) in BFSI Revenue by Countries (2013-2018)
8.2 Brazil Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
8.3 Argentina Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
8.4 Colombia Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
9 Middle East and Africa Revenue Artificial Intelligence (AI) in BFSI by Countries
9.1 Middle East and Africa Artificial Intelligence (AI) in BFSI Revenue by Countries (2013-2018)
9.2 Saudi Arabia Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
9.3 UAE Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
9.4 Egypt Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
9.5 Nigeria Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
9.6 South Africa Artificial Intelligence (AI) in BFSI Revenue and Growth Rate (2013-2018)
10 Global Artificial Intelligence (AI) in BFSI Market Segment by Type
10.1 Global Artificial Intelligence (AI) in BFSI Revenue and Market Share by Type (2013-2018)
10.2 Global Artificial Intelligence (AI) in BFSI Market Forecast by Type (2018-2023)
10.3 Machine Learning (ML) Revenue Growth Rate (2013-2023)
10.4 Natural Language processing (NLP) Revenue Growth Rate (2013-2023)
10.5 Predictive Analytics Revenue Growth Rate (2013-2023)
10.6 Machine Vision Revenue Growth Rate (2013-2023)
11 Global Artificial Intelligence (AI) in BFSI Market Segment by Application
11.1 Global Artificial Intelligence (AI) in BFSI Revenue Market Share by Application (2013-2018)
11.2 Artificial Intelligence (AI) in BFSI Market Forecast by Application (2018-2023)
11.3 Banking Revenue Growth (2013-2018)
11.4 Insurance Revenue Growth (2013-2018)
11.5 Wealth management Revenue Growth (2013-2018)
12 Global Artificial Intelligence (AI) in BFSI Market Size Forecast (2018-2023)
12.1 Global Artificial Intelligence (AI) in BFSI Market Size Forecast (2018-2023)
12.2 Global Artificial Intelligence (AI) in BFSI Market Forecast by Regions (2018-2023)
12.3 North America Artificial Intelligence (AI) in BFSI Revenue Market Forecast (2018-2023)
12.4 Europe Artificial Intelligence (AI) in BFSI Revenue Market Forecast (2018-2023)
12.5 Asia-Pacific Artificial Intelligence (AI) in BFSI Revenue Market Forecast (2018-2023)
12.6 South America Artificial Intelligence (AI) in BFSI Revenue Market Forecast (2018-2023)
12.7 Middle East and Africa Artificial Intelligence (AI) in BFSI Revenue Market Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
List of Tables and Figures
Figure Artificial Intelligence (AI) in BFSI Picture
Table Product Specifications of Artificial Intelligence (AI) in BFSI
Table Global Artificial Intelligence (AI) in BFSI a
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