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

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	120 Pages	TechNavio	September, 2022	INF17428662

Best Price Guarantee
Price	from $2,500
Length	120 Pages
Publisher	TechNavio
Published Date	September, 2022
SKU	INF17428662

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

Technavio has been monitoring the artificial intelligence (AI) market in BFSI sector and it is poised to grow by $32.97 bn during 2022-2026, accelerating at a CAGR of 36.68% during the forecast period. Our report on the artificial intelligence (AI) market in BFSI sector provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by enhanced operational efficiency with AI, a push toward autonomous banking, and a rise in detection of fraud detection compliance.

The artificial intelligence (AI) market in BFSI sector analysis includes the end-user segment and geographic landscape.

Technavio's artificial intelligence (AI) market in BFSI sector is segmented as below:

By End-user

Banking
Investment and securities management
Insurance

By Geographical Landscape

North America
APAC
Europe
Middle East and Africa
South America

This study identifies the rise in cloud-based solutions as one of the prime reasons driving the artificial intelligence (AI) market in BFSI sector growth during the next few years. Also, the growing focus on personalized experience and rise in popularity of open banking will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the artificial intelligence (AI) market in BFSI sector covers the following areas:

Artificial intelligence (AI) market sizing
Artificial intelligence (AI) market forecast
Artificial intelligence (AI) market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading artificial intelligence (AI) market in BFSI sector vendors that include 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. Also, the artificial intelligence (AI) market in BFSI sector analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by End-user
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2021
- Market outlook: Forecast for 2021-2026
  - Table Chart on Global - Market size and forecast 2021-2026 ($ million)
  - Table Data Table on Global - Market size and forecast 2021-2026 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2021-2026 (%)
  - Table Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2021 and 2026
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2021 and 2026
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2021 and 2026
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2021 and 2026
- Market condition
  - Table Chart on Market condition - Five forces 2021 and 2026
Market Segmentation by End-user
- Market segments
  - Table Chart on End-user - Market share 2021-2026 (%)
  - Table Data Table on End-user - Market share 2021-2026 (%)
- Comparison by End-user
  - Table Chart on Comparison by End-user
  - Table Data Table on Comparison by End-user
- Banking - Market size and forecast 2021-2026
  - Table Chart on Banking - Market size and forecast 2021-2026 ($ million)
  - Table Data Table on Banking - Market size and forecast 2021-2026 ($ million)
  - Table Chart on Banking - Year-over-year growth 2021-2026 (%)
  - Table Data Table on Banking - Year-over-year growth 2021-2026 (%)
- Investment and securities management - Market size and forecast 2021-2026
  - Table Chart on Investment and securities management - Market size and forecast 2021-2026 ($ million)
  - Table Data Table on Investment and securities management - Market size and forecast 2021- 2026 ($ million)
  - Table Chart on Investment and securities management - Year-over-year growth 2021-2026 (%)
  - Table Data Table on Investment and securities management - Year-over-year growth 2021-2026 (%)
- Insurance - Market size and forecast 2021-2026
  - Table Chart on Insurance - Market size and forecast 2021-2026 ($ million)
  - Table Data Table on Insurance - Market size and forecast 2021-2026 ($ million)
  - Table Chart on Insurance - Year-over-year growth 2021-2026 (%)
  - Table Data Table on Insurance - Year-over-year growth 2021-2026 (%)
- Market opportunity by End-user
  - Table Market opportunity by End-user ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2021-2026 (%)
  - Table Data Table on Market share by geography 2021-2026 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- North America - Market size and forecast 2021-2026
  - Table Chart on North America - Market size and forecast 2021-2026 ($ million)
  - Table Data Table on North America - Market size and forecast 2021-2026 ($ million)
  - Table Chart on North America - Year-over-year growth 2021-2026 (%)
  - Table Data Table on North America - Year-over-year growth 2021-2026 (%)
- APAC - Market size and forecast 2021-2026
  - Table Chart on APAC - Market size and forecast 2021-2026 ($ million)
  - Table Data Table on APAC - Market size and forecast 2021-2026 ($ million)
  - Table Chart on APAC - Year-over-year growth 2021-2026 (%)
  - Table Data Table on APAC - Year-over-year growth 2021-2026 (%)
- Europe - Market size and forecast 2021-2026
  - Table Chart on Europe - Market size and forecast 2021-2026 ($ million)
  - Table Data Table on Europe - Market size and forecast 2021-2026 ($ million)
  - Table Chart on Europe - Year-over-year growth 2021-2026 (%)
  - Table Data Table on Europe - Year-over-year growth 2021-2026 (%)
- Middle East and Africa - Market size and forecast 2021- 2026
  - Table Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- South America - Market size and forecast 2021-2026
  - Table Chart on South America - Market size and forecast 2021-2026 ($ million)
  - Table Data Table on South America - Market size and forecast 2021-2026 ($ million)
  - Table Chart on South America - Year-over-year growth 2021-2026 (%)
  - Table Data Table on South America - Year-over-year growth 2021-2026 (%)
- US - Market size and forecast 2021-2026
  - Table Chart on US - Market size and forecast 2021-2026 ($ million)
  - Table Data Table on US - Market size and forecast 2021-2026 ($ million)
  - Table Chart on US - Year-over-year growth 2021-2026 (%)
  - Table Data Table on US - Year-over-year growth 2021-2026 (%)
- China - Market size and forecast 2021-2026
  - Table Chart on China - Market size and forecast 2021-2026 ($ million)
  - Table Data Table on China - Market size and forecast 2021-2026 ($ million)
  - Table Chart on China - Year-over-year growth 2021-2026 (%)
  - Table Data Table on China - Year-over-year growth 2021-2026 (%)
- UK - Market size and forecast 2021-2026
  - Table Chart on UK - Market size and forecast 2021-2026 ($ million)
  - Table Data Table on UK - Market size and forecast 2021-2026 ($ million)
  - Table Chart on UK - Year-over-year growth 2021-2026 (%)
  - Table Data Table on UK - Year-over-year growth 2021-2026 (%)
- Canada - Market size and forecast 2021-2026
  - Table Chart on Canada - Market size and forecast 2021-2026 ($ million)
  - Table Data Table on Canada - Market size and forecast 2021-2026 ($ million)
  - Table Chart on Canada - Year-over-year growth 2021-2026 (%)
  - Table Data Table on Canada - Year-over-year growth 2021-2026 (%)
- Japan - Market size and forecast 2021-2026
  - Table Chart on Japan - Market size and forecast 2021-2026 ($ million)
  - Table Data Table on Japan - Market size and forecast 2021-2026 ($ million)
  - Table Chart on Japan - Year-over-year growth 2021-2026 (%)
  - Table Data Table on Japan - Year-over-year growth 2021-2026 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Enhanced operational efficiency with AI
  - Push towards autonomous banking
  - Rise in detection of fraud detection compliance
- Market challenges
  - Need for high data quality
  - Lack of skilled workforce
  - Concerns on cybersecurity
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2021 and 2026
- Market trends
  - Rise in cloud-based solutions
  - Growing focus on personalized experience
  - Rise in popularity of open banking
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- Alphabet Inc.
  - Table Alphabet Inc. - Overview
  - Table Alphabet Inc. - Business segments
  - Table Alphabet Inc. - Key news
  - Table Alphabet Inc. - Key offerings
  - Table Alphabet Inc. - Segment focus
- Amazon.com Inc.
  - Table Amazon.com Inc. - Overview
  - Table Amazon.com Inc. - Business segments
  - Table Amazon.com Inc. - Key news
  - Table Amazon.com Inc. - Key offerings
  - Table Amazon.com Inc. - Segment focus
- Inbenta Technologies Inc.
  - Table Inbenta Technologies Inc. - Overview
  - Table Inbenta Technologies Inc. - Product / Service
  - Table Inbenta Technologies Inc. - Key offerings
- Intel Corp.
  - Table Intel Corp. - Overview
  - Table Intel Corp. - Business segments
  - Table Intel Corp. - Key news
  - Table Intel Corp. - Key offerings
  - Table Intel Corp. - Segment focus
- International Business Machines Corp.
  - Table International Business Machines Corp. - Overview
  - Table International Business Machines Corp. - Business segments
  - Table International Business Machines Corp. - Key offerings
  - Table International Business Machines Corp. - Segment focus
- Microsoft Corp.
  - Table Microsoft Corp. - Overview
  - Table Microsoft Corp. - Business segments
  - Table Microsoft Corp. - Key news
  - Table Microsoft Corp. - Key offerings
  - Table Microsoft Corp. - Segment focus
- NVIDIA Corp.
  - Table NVIDIA Corp. - Overview
  - Table NVIDIA Corp. - Business segments
  - Table NVIDIA Corp. - Key news
  - Table NVIDIA Corp. - Key offerings
  - Table NVIDIA Corp. - Segment focus
- Oracle Corp.
  - Table Oracle Corp. - Overview
  - Table Oracle Corp. - Business segments
  - Table Oracle Corp. - Key news
  - Table Oracle Corp. - Key offerings
  - Table Oracle Corp. - Segment focus
- SAP SE
  - Table SAP SE - Overview
  - Table SAP SE - Business segments
  - Table SAP SE - Key news
  - Table SAP SE - Key offerings
  - Table SAP SE - Segment focus
- Verint Systems Inc
  - Table Verint Systems Inc - Overview
  - Table Verint Systems Inc - Product / Service
  - Table Verint Systems Inc - Key offerings
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations