What is the market size for the artificial intelligence (ai) in bfsi sector market?

The Market is expected to grow by $ 62176.8 mn in 2024-2028. <a href='https://www.technavio.com/report/artificial-intelligence-ai-market-in-bfsi-sector-industry-analysis'>Read More</a>

What is the CAGR for the artificial intelligence (ai) in bfsi sector market?

49.5% CAGR with $ 62176.8 mn Momentum. <a href='https://www.technavio.com/report/artificial-intelligence-ai-market-in-bfsi-sector-industry-analysis'>Read More</a>

What is the growth rate of the Artificial Intelligence (AI) In BFSI Sector Market market?

49.5% is the estimation year on year growth rate. <a href='https://www.technavio.com/report/artificial-intelligence-ai-market-in-bfsi-sector-industry-analysis'>Read More</a>

Which region held the largest market share in the Artificial Intelligence (AI) In BFSI Sector Market market?

North America with 35% of the market growth. <a href='https://www.technavio.com/report/artificial-intelligence-ai-market-in-bfsi-sector-industry-analysis'>Read More</a>

Who are the prominent players in the Artificial Intelligence (AI) In BFSI Sector Market market?

Alphabet Inc., Amazon.com Inc., Amelia US LLC, Baidu Inc., Glia Technologies Inc, Inbenta Holdings Inc., Intel Corp., International Business Machines Corp., Lexalytics Inc., Microsoft .... <a href='https://www.technavio.com/report/artificial-intelligence-ai-market-in-bfsi-sector-industry-analysis'>Read More</a>

Artificial Intelligence (AI) In BFSI Sector Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, China, UK, Canada, Japan - Size and Forecast 2024-2028

Published: Oct 2024
Pages: 158
SKU: IRTNTR74224

Enjoy complimentary customisation on priority with our Enterprise License!

Artificial Intelligence (AI) In BFSI Sector Market Size 2024-2028

The artificial intelligence (ai) in bfsi sector market size is forecast to increase by USD 62.18 billion at a CAGR of 49.5% between 2023 and 2028.

Artificial Intelligence (AI) is revolutionizing the Business Finance Services and Insurance (BFSI) sector, offering significant benefits such as enhanced operational efficiency and improved customer experience. One of the key trends driving the market is the rise in cloud-based AI solutions, enabling financial institutions to process large volumes of data in real-time and make informed decisions. However, the need for high data quality is crucial for accurate AI implementation, making data management a major challenge. Another trend is the integration of AI with chatbots and virtual assistants, providing personalized customer service and reducing response times. Despite these advantages, concerns around data security and privacy remain, necessitating robust security measures to protect sensitive customer information. Overall, the BFSI sector's AI market is poised for growth, offering numerous opportunities for innovation and efficiency improvements.

What will be the Size of the Artificial Intelligence (AI) In BFSI Sector Market During the Forecast Period?

Request Free Sample

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 End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market

2.2 Market characteristics
- Market characteristics analysis

2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition

3.2 Market segment analysis
- Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Artificial Intelligence (AI) In BFSI Sector Market 2018 - 2022
- Historic Market Size - Data Table on Global Artificial Intelligence (AI) In BFSI Sector Market 2018 - 2022 ($ million)

4.2 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)

4.3 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)

4.4 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028

5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)

6.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user

6.3 Banking - Market size and forecast 2023-2028
- Chart on Banking - Market size and forecast 2023-2028 ($ million)
- Data Table on Banking - Market size and forecast 2023-2028 ($ million)
- Chart on Banking - Year-over-year growth 2023-2028 (%)
- Data Table on Banking - Year-over-year growth 2023-2028 (%)

6.4 Investment and securities management - Market size and forecast 2023-2028
- Chart on Investment and securities management - Market size and forecast 2023-2028 ($ million)
- Data Table on Investment and securities management - Market size and forecast 2023-2028 ($ million)
- Chart on Investment and securities management - Year-over-year growth 2023-2028 (%)
- Data Table on Investment and securities management - Year-over-year growth 2023-2028 (%)

6.5 Insurance - Market size and forecast 2023-2028
- Chart on Insurance - Market size and forecast 2023-2028 ($ million)
- Data Table on Insurance - Market size and forecast 2023-2028 ($ million)
- Chart on Insurance - Year-over-year growth 2023-2028 (%)
- Data Table on Insurance - Year-over-year growth 2023-2028 (%)

6.6 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

7 Customer Landscape

7.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)

8.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison

8.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)

8.4 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)

8.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)

8.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

8.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)

8.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)

8.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)

8.10 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)

8.11 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)

8.12 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)

8.13 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)

9 Drivers, Challenges, and Opportunity/Restraints

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028

9.4 Market opportunities/restraints

10 Competitive Landscape

10.1 Overview

10.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation

10.3 Landscape disruption
- Overview on factors of disruption

10.4 Industry risks
- Impact of key risks on business

11 Competitive Analysis

11.1 Companies profiled
- Companies covered

11.2 Market positioning of companies
- Matrix on companies position and classification

11.3 Alphabet Inc.
- Alphabet Inc. - Overview
- Alphabet Inc. - Business segments
- Alphabet Inc. - Key offerings
- Alphabet Inc. - Segment focus

11.4 Amazon.com Inc.
- Amazon.com Inc. - Overview
- Amazon.com Inc. - Business segments
- Amazon.com Inc. - Key news
- Amazon.com Inc. - Key offerings
- Amazon.com Inc. - Segment focus

11.5 Inbenta Holdings Inc.
- Inbenta Holdings Inc. - Overview
- Inbenta Holdings Inc. - Product / Service
- Inbenta Holdings Inc. - Key offerings

11.6 Intel Corp.
- Intel Corp. - Overview
- Intel Corp. - Business segments
- Intel Corp. - Key news
- Intel Corp. - Key offerings
- Intel Corp. - Segment focus

11.7 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

11.8 Microsoft Corp.
- Microsoft Corp. - Overview
- Microsoft Corp. - Business segments
- Microsoft Corp. - Key news
- Microsoft Corp. - Key offerings
- Microsoft Corp. - Segment focus

11.9 NVIDIA Corp.
- NVIDIA Corp. - Overview
- NVIDIA Corp. - Business segments
- NVIDIA Corp. - Key news
- NVIDIA Corp. - Key offerings
- NVIDIA Corp. - Segment focus

11.10 Oracle Corp.
- Oracle Corp. - Overview
- Oracle Corp. - Business segments
- Oracle Corp. - Key news
- Oracle Corp. - Key offerings
- Oracle Corp. - Segment focus

11.11 SAP SE
- SAP SE - Overview
- SAP SE - Business segments
- SAP SE - Key news
- SAP SE - Key offerings
- SAP SE - Segment focus

11.12 Verint Systems Inc.
- Verint Systems Inc. - Overview
- Verint Systems Inc. - Product / Service
- Verint Systems Inc. - Key offerings

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist

12.3 Currency conversion rates for US$
- Currency conversion rates for US$

12.4 Research methodology
- Research methodology

12.5 Data procurement
- Information sources

12.6 Data validation
- Data validation

12.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing

12.8 Data synthesis
- Data synthesis

12.9 360 degree market analysis
- 360 degree market analysis

12.10 List of abbreviations
- 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