Europe Artificial Intelligence in BFSI Market Size, Share & Trends Analysis Report By Offering (Software, Hardware, and Services), By Technology, By Solution, By Country and Growth Forecast, 2024 - 2031

Europe Artificial Intelligence in BFSI Market Size, Share & Trends Analysis Report By Offering (Software, Hardware, and Services), By Technology, By Solution, By Country and Growth Forecast, 2024 - 2031


The Europe Artificial Intelligence in BFSI Market would witness market growth of 31.8% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Artificial Intelligence in BFSI Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $14,952.3 million by 2031. The UK market is exhibiting a CAGR of 30.6% during (2024 - 2031). Additionally, The France market would experience a CAGR of 32.9% during (2024 - 2031).

Early adopters of AI in BFSI gain a competitive edge by leveraging AI-driven insights to personalize offerings, optimize risk management, and enhance operational agility. By harnessing AI to automate processes, detect fraud, and deliver proactive customer support, BFSI organizations can differentiate themselves in a crowded market and build lasting customer relationships.

Artificial intelligence's application in BFSI spans various domains, including customer service, risk management, fraud detection, and regulatory compliance. AI-powered chatbots and virtual assistants enable BFSI institutions to provide round-the-clock customer support and assist with account management tasks. Natural language processing (NLP) algorithms enable these virtual agents to understand and enhancing the overall customer experience.

UK-based BFSI companies leverage AI-driven chatbots and virtual assistants to provide personalized customer support, streamline communication channels, and offer round-the-clock assistance. This enhances the overall customer experience and strengthens customer satisfaction levels. AI technologies are being deployed to enhance risk management and compliance processes within the UK BFSI sector. Machine learning algorithms analyze vast amounts of data to identify potential risks, detect fraudulent activities, and ensure regulatory compliance, safeguarding the interests of financial institutions and their customers. As per the data from the Government of the United Kingdom, the financial and professional services (FPS) industry produced £278bn of economic output in 2023, 12% of the entire UK’s economic output, and £100bn in tax revenue. Hence, the rising BFSI sector in Europe will boost the demand for the market.

Based on Offering, the market is segmented into Software, Hardware, and Services. Based on Technology, the market is segmented into Machine Learning, Natural Language Processing, Computer Vision, and Others. Based on Solution, the market is segmented into Chatbots, Fraud Detection & Prevention, Customer Relationship Management, Data Analytics & Prediction, Anti-Money Laundering, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled
  • Microsoft Corporation
  • IBM Corporation
  • Palantir Technologies Inc.
  • Salesforce, Inc.
  • SAP SE
  • Baidu, Inc.
  • Google LLC (Alphabet Inc.)
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • Oracle Corporation
  • Intel Corporation
Europe Artificial Intelligence in BFSI Market Report Segmentation

By Offering
  • Software
  • Hardware
  • Services
By Technology
  • Machine Learning
  • Natural Language Processing
  • Computer Vision
  • Others
By Solution
  • Chatbots
  • Fraud Detection & Prevention
  • Customer Relationship Management
  • Data Analytics & Prediction
  • Anti-Money Laundering
  • Others
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Artificial Intelligence in BFSI Market, by Offering
1.4.2 Europe Artificial Intelligence in BFSI Market, by Technology
1.4.3 Europe Artificial Intelligence in BFSI Market, by Solution
1.4.4 Europe Artificial Intelligence in BFSI Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnership, Collaborations and Agreements: 2021, Jun – 2024, Apr) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. Europe Artificial Intelligence in BFSI Market by Offering
5.1 Europe Software Market by Country
5.2 Europe Hardware Market by Country
5.3 Europe Services Market by Country
Chapter 6. Europe Artificial Intelligence in BFSI Market by Technology
6.1 Europe Machine Learning Market by Country
6.2 Europe Natural Language Processing Market by Country
6.3 Europe Computer Vision Market by Country
6.4 Europe Others Market by Country
Chapter 7. Europe Artificial Intelligence in BFSI Market by Solution
7.1 Europe Chatbots Market by Country
7.2 Europe Fraud Detection & Prevention Market by Country
7.3 Europe Customer Relationship Management Market by Country
7.4 Europe Data Analytics & Prediction Market by Country
7.5 Europe Anti-Money Laundering Market by Country
7.6 Europe Others Market by Country
Chapter 8. Europe Artificial Intelligence in BFSI Market by Country
8.1 Germany Artificial Intelligence in BFSI Market
8.1.1 Germany Artificial Intelligence in BFSI Market by Offering
8.1.2 Germany Artificial Intelligence in BFSI Market by Technology
8.1.3 Germany Artificial Intelligence in BFSI Market by Solution
8.2 UK Artificial Intelligence in BFSI Market
8.2.1 UK Artificial Intelligence in BFSI Market by Offering
8.2.2 UK Artificial Intelligence in BFSI Market by Technology
8.2.3 UK Artificial Intelligence in BFSI Market by Solution
8.3 France Artificial Intelligence in BFSI Market
8.3.1 France Artificial Intelligence in BFSI Market by Offering
8.3.2 France Artificial Intelligence in BFSI Market by Technology
8.3.3 France Artificial Intelligence in BFSI Market by Solution
8.4 Russia Artificial Intelligence in BFSI Market
8.4.1 Russia Artificial Intelligence in BFSI Market by Offering
8.4.2 Russia Artificial Intelligence in BFSI Market by Technology
8.4.3 Russia Artificial Intelligence in BFSI Market by Solution
8.5 Spain Artificial Intelligence in BFSI Market
8.5.1 Spain Artificial Intelligence in BFSI Market by Offering
8.5.2 Spain Artificial Intelligence in BFSI Market by Technology
8.5.3 Spain Artificial Intelligence in BFSI Market by Solution
8.6 Italy Artificial Intelligence in BFSI Market
8.6.1 Italy Artificial Intelligence in BFSI Market by Offering
8.6.2 Italy Artificial Intelligence in BFSI Market by Technology
8.6.3 Italy Artificial Intelligence in BFSI Market by Solution
8.7 Rest of Europe Artificial Intelligence in BFSI Market
8.7.1 Rest of Europe Artificial Intelligence in BFSI Market by Offering
8.7.2 Rest of Europe Artificial Intelligence in BFSI Market by Technology
8.7.3 Rest of Europe Artificial Intelligence in BFSI Market by Solution
Chapter 9. Company Profiles
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.6 SWOT Analysis
9.2 IBM Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Palantir Technologies Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 Salesforce, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 SAP SE
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.6 SWOT Analysis
9.6 Baidu, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Google LLC (Alphabet Inc.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.5 SWOT Analysis
9.9 Oracle Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Intel Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.11 SWOT Analysis

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings