Generative AI In Asset Management Market Size 2025-2029
The generative ai in asset management market size is forecast to increase by USD 689.7 million, at a CAGR of 23.3% between 2024 and 2029.
The imperative for operational efficiency is a primary driver in the global generative AI in asset management market. By enabling investment research automation and back-office process automation, the technology allows highly skilled professionals to shift their focus from routine data processing to strategic decision-making and client relationship building. This application of generative ai in banking and finance is critical for maintaining competitiveness. The ongoing trend involves a strategic shift from general-purpose AI to domain-specific language models. These models, purpose-built for the intricacies of finance, provide a more reliable foundation for contextual financial analysis and other high-stakes applications within artificial intelligence (AI) in asset management, addressing some of the limitations of broader systems.A formidable challenge impeding wider adoption is the issue of AI model hallucinations and the need for factual inaccuracy mitigation. The generation of plausible but incorrect information presents significant risks in an environment where decisions are based on precise data, necessitating stringent human-in-the-loop validation processes. This reliability issue underscores the critical need for robust AI model governance and continuous performance monitoring to ensure the integrity of AI-generated insights. These dynamics shape the landscape for generative ai in data analytics, pushing the industry toward a model where technology augments human expertise rather than fully replacing it, ensuring both efficiency gains and responsible implementation of generative ai in trading.
What will be the Size of the Generative AI In Asset Management Market during the forecast period?

Explore in-depth regional segment analysis with market size data with forecasts 2025-2029 - in the full report.
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The global generative ai in asset management market is transforming, leveraging large language models and natural language processing for applications from investment thesis generation to client communication automation. This evolution enhances portfolio optimization algorithms and enables ai-driven client personalization. The technology extends to automated report generation and financial document summarization, facilitating investment research automation. Moreover, capabilities in financial sentiment analysis and earnings call analysis refine investment decision support systems. This shift is critical for developing algorithmic trading strategies and improving market trend prediction for alpha signal generation. The integration of an ai copilot assistant further augments knowledge management automation, changing the operational fabric from reactive analysis to proactive strategy formulation.The increasing adoption of proprietary ai applications necessitates robust frameworks for risk mitigation. Central to this is ai model governance and model risk management to address ai model hallucinations and ensure algorithmic bias mitigation. Demand for transparency is driving the adoption of explainable ai, often with human-in-the-loop validation. As firms navigate deployment between on-premises ai deployment and a hybrid cloud ai architecture, data privacy in ai and ai ethics in finance are paramount. Concurrently, regulatory compliance automation, ai-powered compliance monitoring, and ai-driven fraud detection are becoming indispensable for back-office process automation. Projections indicate this focus on responsible deployment could influence over 35% of new technology investments, balancing innovation with risk modeling and simulation using synthetic data generation for comprehensive stress testing scenarios.
How is this Generative AI In Asset Management Market segmented?
The generative ai in asset management market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029,for the following segments.
- Deployment
- Cloud based
- On premises
- Hybrid
- Application
- Portfolio management
- Risk management
- Client engagement and personalization
- Research and analysis
- Others
- End-user
- Geography
- North America
- APAC
- Japan
- China
- India
- South Korea
- Australia
- Indonesia
- Europe
- UK
- Germany
- France
- Italy
- The Netherlands
- Spain
- South America
- Middle East and Africa
- Rest of World (ROW)
By Deployment Insights
The cloud based segment is estimated to witness significant growth during the forecast period.
The cloud-based model is the dominant and most rapidly expanding deployment method. Its prominence is driven by significant advantages, including lower upfront capital expenditure, inherent scalability for massive computational loads, and direct access to state-of-the-art foundational models via APIs. This approach allows firms to develop sophisticated applications for research summarization and market sentiment analysis without the immense cost of building and maintaining proprietary hardware infrastructure, thereby enabling rapid application development and deployment of solutions for ai-driven portfolio management.
This deployment model democratizes access to powerful generative AI, enabling smaller firms to compete effectively. The availability of secure, enterprise-grade cloud environments addresses key data security in AI concerns, which is a critical factor for financial institutions. By leveraging these platforms, firms can significantly accelerate innovation while adhering to governance requirements. Leveraging cloud AI platforms is shown to reduce application deployment timelines by over 40% compared to traditional on-premises builds, highlighting a clear efficiency gain that fuels its widespread adoption.

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Regional Analysis
North America is estimated to contribute 41.7% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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North America stands as the undisputed leader, characterized by the highest adoption rates and a vibrant innovation ecosystem. This dominance in the global generative AI in asset management market results from the powerful synergy between its major financial centers and preeminent technology hubs. Firms in the region are aggressively deploying generative AI to enhance research capabilities through investment research automation and deliver ai-driven client personalization. This proactive adoption is aimed at improving operational efficiency and securing a competitive advantage in a rapidly evolving landscape.
The region's strong technological foundation, with many leading developers of foundational models, provides a robust platform for creating proprietary AI applications and advanced financial modeling. An evolving regulatory landscape further indicates the technology's deep integration into core financial activities. Underscoring its central role, North America is projected to contribute over 41% of the market's incremental growth during the forecast period. This highlights the region's significant influence and continued investment in deploying generative AI solutions across the asset management sector.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global generative AI in asset management market is witnessing exponential growth as firms leverage these technologies for a competitive edge. The use of generative AI for portfolio management is becoming mainstream, with large language models in asset management revolutionizing how data is processed. Firms are adopting AI-powered risk management solutions and using generative AI for stress testing portfolios to build more resilient investment frameworks. The application of generative AI for investment research and the creation of synthetic data for financial modeling are unlocking new insights, while generative AI in algorithmic trading is enhancing execution speed. This drive for innovation is fundamentally about pursuing new AI for alpha generation strategies and automating ESG analysis with AI, ensuring both performance and responsible investing are at the forefront of modern asset management.To support these advanced applications, the industry is focusing on robust infrastructure and governance. Deployment models are critical, with firms choosing between on-premises generative AI for security and flexible hybrid cloud for financial AI workloads. The integration of AI copilots for financial advisors and the move towards AI-driven personalization in wealth management are reshaping client interactions. Simultaneously, the demand for transparency has elevated the importance of explainable AI in financial services. To ensure reliability, firms are implementing a human-in-the-loop for AI trading and are actively engaged in mitigating AI hallucinations in finance. Strong AI model governance in finance is non-negotiable, supported by AI-powered compliance monitoring tools. This evolution also includes improving communication through automated client reporting systems and leveraging natural language generation for market reports.
What are the key market drivers leading to the rise in the adoption of Generative AI In Asset Management Industry?
- The critical need to improve operational efficiency and lower costs is a primary factor driving the adoption of generative AI in the asset management sector.
The relentless pressure on firms to enhance operational efficiency serves as a primary driver for adoption. The technology facilitates extensive back-office process automation and investment research automation, which are critical in an industry facing fee compression and intense competition. By automating routine and data-intensive tasks such as financial document summarization and drafting market commentaries, firms can significantly increase the productivity of their highly skilled workforce. This allows portfolio managers and analysts to redirect their focus toward higher-value activities like strategic decision-making and complex analysis. Firms report that automating preliminary research generation can free up nearly 30% of an analyst's time, demonstrating a tangible impact on operational workflows and resource allocation.The market's expansion is directly linked to the rapid pace of innovation in underlying generative AI technologies and their increasing accessibility. The capabilities of large language models are advancing at an unprecedented rate, offering remarkable improvements in reasoning and generating nuanced financial content. The development of specialized, domain-specific models provides more reliable outputs for asset managers. Concurrently, the democratization of these models through secure, enterprise-grade cloud platforms lowers the technical barrier to entry for developing proprietary AI applications. The availability of managed AI services on cloud platforms reduces the initial infrastructure investment by over 70% for new adopters, enabling firms of all sizes to experiment and deploy sophisticated solutions.
What are the market trends shaping the Generative AI In Asset Management Industry?
- A key market trend is the increasing development and adoption of domain-specific and fine-tuned models tailored for financial applications.
A defining trend is the strategic shift away from general-purpose generative AI toward the adoption of domain-specific and fine-tuned models. While generalized models are capable, they often lack the nuanced understanding required for high-stakes financial applications, leading to a higher rate of ai model hallucinations. To counter this, the industry is moving toward models either pre-trained on financial data or fine-tuned on an organization's proprietary data for superior contextual financial analysis. Specialized financial models have demonstrated a performance improvement of over 20% on sentiment analysis tasks compared to general-purpose models. This approach creates a customized, proprietary AI asset that understands a firm's unique investment philosophy, enhancing reliability in generative ai in banking and finance and artificial intelligence (AI) in asset management.The predominant implementation strategy emerging is the AI copilot, which serves as an intelligent AI assistant designed to augment human professionals. This human-in-the-loop approach addresses key concerns around AI reliability and accountability, positioning the technology as a tool for investment decision support rather than full automation. The copilot model automates the most repetitive, data-intensive aspects of a role, freeing up skilled professionals for strategic analysis and client relationships. This is crucial for generative ai in data analytics. Advisory firms using AI copilots have noted an efficiency gain of up to 35% in preparing for client meetings, showcasing the technology's power to enhance productivity while maintaining essential human oversight.
What challenges does the Generative AI In Asset Management Industry face during its growth?
- A significant challenge for the market is ensuring the accuracy and reliability of AI models while mitigating the risk of AI-generated hallucinations.
A formidable challenge is the inherent issue of model accuracy and the phenomenon known as ai model hallucinations. In the high-stakes environment of asset management, where decisions involving substantial capital are made, outputs that are factually incorrect can lead to flawed investment analysis and disastrous trading decisions. This reliability issue necessitates stringent human-in-the-loop validation processes, where experts must meticulously verify all AI-generated outputs. In unmonitored tests, generative models can produce outputs with a hallucination rate of up to 10% for specific financial data points. This underscores the critical need for robust ai model governance and sophisticated fact-checking mechanisms to ensure the integrity of insights before they are integrated into workflows.Ensuring data security, privacy, and confidentiality presents another significant challenge. Asset management firms handle vast amounts of sensitive information, including proprietary trading strategies and detailed client financial data. The use of third-party, cloud-based generative AI models introduces substantial risks, including proprietary data exposure and non-compliance with data sovereignty regulations. Data privacy concerns are a top barrier to adoption for over 55% of financial institutions exploring third-party generative AI services. This has led to a cautious approach, forcing firms to invest heavily in security protocols, employee training, and secure platforms such as private AI infrastructure or on-premises AI deployment to mitigate these risks.
Exclusive Customer Landscape
The generative ai in asset management market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the generative ai in asset management market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, generative ai in asset management market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Adobe Inc. - The offering encompasses a suite of generative AI services designed for the financial industry, facilitating the development of advanced applications for portfolio analysis, risk assessment, and automated client reporting. It provides access to a variety of foundational models through a unified platform, complemented by tools for building and deploying customized models. This framework enables financial institutions to construct AI-driven solutions tailored to specific workflows, ranging from complex data synthesis and research summarization to sophisticated analytics, all within a managed, enterprise-grade environment.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Adobe Inc.
- Amazon Web Services Inc.
- Anthropic
- Baidu Inc.
- BlackRock Inc.
- Cohere Inc.
- FMR LLC
- Genie AI Ltd.
- The Goldman Sachs Group Inc.
- Google LLC
- International Business Machines Corp.
- Inworld AI
- JPMorgan Chase and Co.
- Microsoft Corp.
- Morgan Stanley
- NVIDIA Corp.
- OpenAI
- The Vanguard Group Inc.
- Wealthfront Corp.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Generative Ai In Asset Management Market
In March 2024, NVIDIA announced the launch of new generative AI microservices specifically for the financial industry, aimed at enhancing functions such as risk management, client service, and fraud detection through advanced AI capabilities.In March 2024, it was reported that Saudi Arabia is in the process of creating a fund of approximately USD 40 billion to invest in artificial intelligence, a move that is expected to make the Kingdom the world's largest investor in the sector.In January 2024, BlackRock was reported to be actively developing a generative AI tool for its own use, designed to enhance productivity by analyzing corporate earnings reports and other documents to generate valuable investment insights.
Research Analyst Overview
The global generative ai in asset management market is transforming, leveraging large language models and natural language processing for applications from investment thesis generation to client communication automation. This evolution enhances portfolio optimization algorithms and enables ai-driven client personalization. The technology extends to automated report generation and financial document summarization, facilitating investment research automation. Moreover, capabilities in financial sentiment analysis and earnings call analysis refine investment decision support systems. This shift is critical for developing algorithmic trading strategies and improving market trend prediction for alpha signal generation. The integration of an ai copilot assistant further augments knowledge management automation, changing the operational fabric from reactive analysis to proactive strategy formulation.The increasing adoption of proprietary ai applications necessitates robust frameworks for risk mitigation. Central to this is ai model governance and model risk management to address ai model hallucinations and ensure algorithmic bias mitigation. Demand for transparency is driving the adoption of explainable ai, often with human-in-the-loop validation. As firms navigate deployment between on-premises ai deployment and a hybrid cloud ai architecture, data privacy in ai and ai ethics in finance are paramount. Concurrently, regulatory compliance automation, ai-powered compliance monitoring, and ai-driven fraud detection are becoming indispensable for back-office process automation. Projections indicate this focus on responsible deployment could influence over 35% of new technology investments, balancing innovation with risk modeling and simulation using synthetic data generation for comprehensive stress testing scenarios.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Generative AI In Asset Management Market insights. See full methodology.
Market Scope
|
Report Coverage
|
Details
|
Page number
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298
|
Base year
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2024
|
Forecast period
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2025-2029
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Growth momentum & CAGR
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Accelerating at a CAGR of 23.3%
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Market growth 2024-2029
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USD 689.7 million
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Market structure
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Fragmented
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YoY growth 2024-2029(%)
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20.5%
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Key countries
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US, Canada, Mexico, Japan, China, India, South Korea, Australia, Indonesia, UK, Germany, France, Italy, The Netherlands, Spain, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE, Israel, Turkey
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Competitive landscape
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Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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What are the Key Data Covered in this Generative AI In Asset Management Market Research and Growth Report?
- CAGR of the Generative AI In Asset Management industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2024 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across North America, APAC, Europe, South America, Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the generative ai in asset management market growth of industry companies
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1 Executive Summary
- 1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Deployment
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Chart on Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Chart on Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Chart on Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3 Market Landscape
- 3.1 Market ecosystem
- Chart on Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Chart on Market characteristics analysis
- 3.3 Value chain analysis
- Chart on Value chain analysis
4 Market Sizing
- 4 Market Sizing
- 4.1 Market definition
- Data Table on Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Five Forces Analysis
- 5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 5.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
6 Market Segmentation by Deployment
- 6 Market Segmentation by Deployment
- 6.1 Market segments
- Chart on Deployment - Market share 2024-2029 (%)
- Data Table on Deployment - Market share 2024-2029 (%)
- 6.2 Comparison by Deployment
- Chart on Comparison by Deployment
- Data Table on Comparison by Deployment
- 6.3 Cloud based - Market size and forecast 2024-2029
- Chart on Cloud based - Market size and forecast 2024-2029 ($ billion)
- Data Table on Cloud based - Market size and forecast 2024-2029 ($ billion)
- Chart on Cloud based - Year-over-year growth 2024-2029 (%)
- Data Table on Cloud based - Year-over-year growth 2024-2029 (%)
- 6.4 On premises - Market size and forecast 2024-2029
- Chart on On premises - Market size and forecast 2024-2029 ($ billion)
- Data Table on On premises - Market size and forecast 2024-2029 ($ billion)
- Chart on On premises - Year-over-year growth 2024-2029 (%)
- Data Table on On premises - Year-over-year growth 2024-2029 (%)
- 6.5 Hybrid - Market size and forecast 2024-2029
- Chart on Hybrid - Market size and forecast 2024-2029 ($ billion)
- Data Table on Hybrid - Market size and forecast 2024-2029 ($ billion)
- Chart on Hybrid - Year-over-year growth 2024-2029 (%)
- Data Table on Hybrid - Year-over-year growth 2024-2029 (%)
- 6.6 Market opportunity by Deployment
- Market opportunity by Deployment ($ billion)
- Data Table on Market opportunity by Deployment ($ billion)
7 Market Segmentation by Application
- 7 Market Segmentation by Application
- 7.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 7.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 7.3 Portfolio management - Market size and forecast 2024-2029
- Chart on Portfolio management - Market size and forecast 2024-2029 ($ billion)
- Data Table on Portfolio management - Market size and forecast 2024-2029 ($ billion)
- Chart on Portfolio management - Year-over-year growth 2024-2029 (%)
- Data Table on Portfolio management - Year-over-year growth 2024-2029 (%)
- 7.4 Risk management - Market size and forecast 2024-2029
- Chart on Risk management - Market size and forecast 2024-2029 ($ billion)
- Data Table on Risk management - Market size and forecast 2024-2029 ($ billion)
- Chart on Risk management - Year-over-year growth 2024-2029 (%)
- Data Table on Risk management - Year-over-year growth 2024-2029 (%)
- 7.5 Client engagement and personalization - Market size and forecast 2024-2029
- Chart on Client engagement and personalization - Market size and forecast 2024-2029 ($ billion)
- Data Table on Client engagement and personalization - Market size and forecast 2024-2029 ($ billion)
- Chart on Client engagement and personalization - Year-over-year growth 2024-2029 (%)
- Data Table on Client engagement and personalization - Year-over-year growth 2024-2029 (%)
- 7.6 Research and analysis - Market size and forecast 2024-2029
- Chart on Research and analysis - Market size and forecast 2024-2029 ($ billion)
- Data Table on Research and analysis - Market size and forecast 2024-2029 ($ billion)
- Chart on Research and analysis - Year-over-year growth 2024-2029 (%)
- Data Table on Research and analysis - Year-over-year growth 2024-2029 (%)
- 7.7 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ billion)
- Data Table on Others - Market size and forecast 2024-2029 ($ billion)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 7.8 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)
8 Market Segmentation by End-user
- 8 Market Segmentation by End-user
- 8.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
- 8.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 8.3 Asset management firms - Market size and forecast 2024-2029
- Chart on Asset management firms - Market size and forecast 2024-2029 ($ billion)
- Data Table on Asset management firms - Market size and forecast 2024-2029 ($ billion)
- Chart on Asset management firms - Year-over-year growth 2024-2029 (%)
- Data Table on Asset management firms - Year-over-year growth 2024-2029 (%)
- 8.4 Banks and financial institutions - Market size and forecast 2024-2029
- Chart on Banks and financial institutions - Market size and forecast 2024-2029 ($ billion)
- Data Table on Banks and financial institutions - Market size and forecast 2024-2029 ($ billion)
- Chart on Banks and financial institutions - Year-over-year growth 2024-2029 (%)
- Data Table on Banks and financial institutions - Year-over-year growth 2024-2029 (%)
- 8.5 Insurance companies - Market size and forecast 2024-2029
- Chart on Insurance companies - Market size and forecast 2024-2029 ($ billion)
- Data Table on Insurance companies - Market size and forecast 2024-2029 ($ billion)
- Chart on Insurance companies - Year-over-year growth 2024-2029 (%)
- Data Table on Insurance companies - Year-over-year growth 2024-2029 (%)
- 8.6 Corporate firms - Market size and forecast 2024-2029
- Chart on Corporate firms - Market size and forecast 2024-2029 ($ billion)
- Data Table on Corporate firms - Market size and forecast 2024-2029 ($ billion)
- Chart on Corporate firms - Year-over-year growth 2024-2029 (%)
- Data Table on Corporate firms - Year-over-year growth 2024-2029 (%)
- 8.7 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)
9 Customer Landscape
- 9 Customer Landscape
- 9.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
- 10 Geographic Landscape
- 10.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 10.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 10.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - North America
- Data Table on Regional Comparison - North America
- 10.3.1 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 10.3.2 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 10.3.3 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ billion)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
- 10.4 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - APAC
- Data Table on Regional Comparison - APAC
- 10.4.1 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 10.4.2 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 10.4.3 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 10.4.4 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 10.4.5 Australia - Market size and forecast 2024-2029
- Chart on Australia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
- Chart on Australia - Year-over-year growth 2024-2029 (%)
- Data Table on Australia - Year-over-year growth 2024-2029 (%)
- 10.4.6 Indonesia - Market size and forecast 2024-2029
- Chart on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Indonesia - Market size and forecast 2024-2029 ($ billion)
- Chart on Indonesia - Year-over-year growth 2024-2029 (%)
- Data Table on Indonesia - Year-over-year growth 2024-2029 (%)
- 10.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Europe
- Data Table on Regional Comparison - Europe
- 10.5.1 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 10.5.2 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 10.5.3 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 10.5.4 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 10.5.5 The Netherlands - Market size and forecast 2024-2029
- Chart on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Data Table on The Netherlands - Market size and forecast 2024-2029 ($ billion)
- Chart on The Netherlands - Year-over-year growth 2024-2029 (%)
- Data Table on The Netherlands - Year-over-year growth 2024-2029 (%)
- 10.5.6 Spain - Market size and forecast 2024-2029
- Chart on Spain - Market size and forecast 2024-2029 ($ billion)
- Data Table on Spain - Market size and forecast 2024-2029 ($ billion)
- Chart on Spain - Year-over-year growth 2024-2029 (%)
- Data Table on Spain - Year-over-year growth 2024-2029 (%)
- 10.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - South America
- Data Table on Regional Comparison - South America
- 10.6.1 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 10.6.2 Argentina - Market size and forecast 2024-2029
- Chart on Argentina - Market size and forecast 2024-2029 ($ billion)
- Data Table on Argentina - Market size and forecast 2024-2029 ($ billion)
- Chart on Argentina - Year-over-year growth 2024-2029 (%)
- Data Table on Argentina - Year-over-year growth 2024-2029 (%)
- 10.6.3 Colombia - Market size and forecast 2024-2029
- Chart on Colombia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Colombia - Market size and forecast 2024-2029 ($ billion)
- Chart on Colombia - Year-over-year growth 2024-2029 (%)
- Data Table on Colombia - Year-over-year growth 2024-2029 (%)
- 10.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Chart on Regional Comparison - Middle East and Africa
- Data Table on Regional Comparison - Middle East and Africa
- 10.7.1 South Africa - Market size and forecast 2024-2029
- Chart on South Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on South Africa - Year-over-year growth 2024-2029 (%)
- Data Table on South Africa - Year-over-year growth 2024-2029 (%)
- 10.7.2 Saudi Arabia - Market size and forecast 2024-2029
- Chart on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Data Table on Saudi Arabia - Market size and forecast 2024-2029 ($ billion)
- Chart on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- Data Table on Saudi Arabia - Year-over-year growth 2024-2029 (%)
- 10.7.3 UAE - Market size and forecast 2024-2029
- Chart on UAE - Market size and forecast 2024-2029 ($ billion)
- Data Table on UAE - Market size and forecast 2024-2029 ($ billion)
- Chart on UAE - Year-over-year growth 2024-2029 (%)
- Data Table on UAE - Year-over-year growth 2024-2029 (%)
- 10.7.4 Israel - Market size and forecast 2024-2029
- Chart on Israel - Market size and forecast 2024-2029 ($ billion)
- Data Table on Israel - Market size and forecast 2024-2029 ($ billion)
- Chart on Israel - Year-over-year growth 2024-2029 (%)
- Data Table on Israel - Year-over-year growth 2024-2029 (%)
- 10.7.5 Turkey - Market size and forecast 2024-2029
- Chart on Turkey - Market size and forecast 2024-2029 ($ billion)
- Data Table on Turkey - Market size and forecast 2024-2029 ($ billion)
- Chart on Turkey - Year-over-year growth 2024-2029 (%)
- Data Table on Turkey - Year-over-year growth 2024-2029 (%)
- 10.8 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
11 Drivers, Challenges, and Opportunity
- 11 Drivers, Challenges, and Opportunity
- 11.1 Market drivers
- Imperative for operational efficiency and cost reduction
- Rapid advancements and accessibility of foundational AI models
- Increasing demand for hyper-personalization and enhanced client experience
- 11.2 Market challenges
- Accuracy, reliability, and problem of AI hallucinations
- Data security, privacy, and confidentiality risks
- Navigating uncertain and evolving regulatory landscape
- 11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 11.4 Market opportunities
- Proliferation of domain-specific and fine-tuned models
- Ascendancy of AI copilot as augmentation tool
- Intensified focus on secure, private, and hybrid AI architectures
12 Competitive Landscape
- 12 Competitive Landscape
- 12.1 Overview
- 12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 12.3 Landscape disruption
- Overview on factors of disruption
- 12.4 Industry risks
- Impact of key risks on business
13 Competitive Analysis
- 13 Competitive Analysis
- 13.1 Companies profiled
- 13.2 Company ranking index
- 13.3 Market positioning of companies
- Matrix on companies position and classification
- 13.4 Amazon Web Services Inc.
- Amazon Web Services Inc. - Overview
- Amazon Web Services Inc. - Product / Service
- Amazon Web Services Inc. - Key news
- Amazon Web Services Inc. - Key offerings
- SWOT
- 13.5 Anthropic
- Anthropic - Overview
- Anthropic - Product / Service
- Anthropic - Key offerings
- SWOT
- 13.6 Baidu Inc.
- Baidu Inc. - Overview
- Baidu Inc. - Business segments
- Baidu Inc. - Key offerings
- Baidu Inc. - Segment focus
- SWOT
- 13.7 BlackRock Inc.
- BlackRock Inc. - Overview
- BlackRock Inc. - Product / Service
- BlackRock Inc. - Key news
- BlackRock Inc. - Key offerings
- SWOT
- 13.8 Cohere Inc.
- Cohere Inc. - Overview
- Cohere Inc. - Product / Service
- Cohere Inc. - Key offerings
- SWOT
- 13.9 FMR LLC
- FMR LLC - Overview
- FMR LLC - Product / Service
- FMR LLC - Key offerings
- SWOT
- 13.10 The Goldman Sachs Group Inc.
- The Goldman Sachs Group Inc. - Overview
- The Goldman Sachs Group Inc. - Business segments
- The Goldman Sachs Group Inc. - Key news
- The Goldman Sachs Group Inc. - Key offerings
- The Goldman Sachs Group Inc. - Segment focus
- SWOT
- 13.11 Google LLC
- Google LLC - Overview
- Google LLC - Product / Service
- Google LLC - Key offerings
- SWOT
- 13.12 International Business Machines Corp.
- International Business Machines Corp. - Overview
- International Business Machines Corp. - Business segments
- International Business Machines Corp. - Key news
- International Business Machines Corp. - Key offerings
- International Business Machines Corp. - Segment focus
- SWOT
- 13.13 JPMorgan Chase and Co.
- JPMorgan Chase and Co. - Overview
- JPMorgan Chase and Co. - Business segments
- JPMorgan Chase and Co. - Key news
- JPMorgan Chase and Co. - Key offerings
- JPMorgan Chase and Co. - Segment focus
- SWOT
- 13.14 Microsoft Corp.
- Microsoft Corp. - Overview
- Microsoft Corp. - Business segments
- Microsoft Corp. - Key news
- Microsoft Corp. - Key offerings
- Microsoft Corp. - Segment focus
- SWOT
- 13.15 Morgan Stanley
- Morgan Stanley - Overview
- Morgan Stanley - Business segments
- Morgan Stanley - Key offerings
- Morgan Stanley - Segment focus
- SWOT
- 13.16 NVIDIA Corp.
- NVIDIA Corp. - Overview
- NVIDIA Corp. - Business segments
- NVIDIA Corp. - Key news
- NVIDIA Corp. - Key offerings
- NVIDIA Corp. - Segment focus
- SWOT
- 13.17 OpenAI
- OpenAI - Overview
- OpenAI - Product / Service
- OpenAI - Key offerings
- SWOT
- 13.18 The Vanguard Group Inc.
- The Vanguard Group Inc. - Overview
- The Vanguard Group Inc. - Product / Service
- The Vanguard Group Inc. - Key offerings
- SWOT
14 Appendix
- 14 Appendix
- 14.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 14.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 14.4 Research methodology
- 14.5 Data procurement
- 14.6 Data validation
- 14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 14.8 Data synthesis
- 14.9 360 degree market analysis
- 360 degree market analysis
- 14.10 List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape