The global market for Artificial Intelligence (AI) in the BFSI industry is projected to experience significant growth between 2023 and 2030. This market report provides an in-depth analysis of the regions, applications, and types of AI utilized in the BFSI sector.
The largest manufacturers of AI in the BFSI market worldwide include Avaamo Inc, Microsoft Corporation, Oracle Corporation, Amazon Web Services Inc, IPsoft, SAP, Google Inc, Baidu Inc, IBM Corporation, Salesforce, and Palantir.
In terms of regional contributions, North America, specifically the United States, is expected to play a crucial role in the market’s development. The adoption of advanced technology and the presence of major players in this region create growth opportunities. Europe is also anticipated to experience significant growth in the forecast period.
The market analysis focuses on factors driving the growth of AI in the BFSI market, such as the increasing demand for applications in banking, insurance, and wealth management. The various types of AI utilized in the BFSI market include machine learning (ML), natural language processing (NLP), predictive analytics, and machine vision.
The report categorizes the market based on manufacturers, regions, types, and applications. It provides analysis on market size, segment size, competitor landscape, recent status, development trends, cost analysis, and supply chain.
The report also addresses important questions regarding the global trends, estimated demand for different types of products, projections of the industry considering capacity, production, and production value, strategic developments, factors contributing to the final price of AI in BFSI, opportunity assessment, major players in the market, recent industry trends, and entry strategies for the industry.
In conclusion, the global market for AI in the BFSI industry is expected to witness substantial growth. The adoption of advanced technology and the increasing demand for AI applications in banking, insurance, and wealth management contribute to this growth.