AI in BFSI Market Size, Share, Trends, Growth and Forecast 2032

AI in BFSI Market Insights

According to Zion Market Research, the global AI in BFSI Market was worth USD 29.20 Billion in 2023. The market is forecast to reach USD 313.91 Billion by 2032, growing at a compound annual growth rate (CAGR) of 30.2% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the AI in BFSI Market industry over the next decade.

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The report gives a transparent view on the AI in BFSI market. We have included a detailed competitive scenario and portfolio of leading vendors operative in AI in BFSI market. To understand the competitive landscape in the AI in BFSI market, an analysis of Porter’s Five Forces model for the AI in BFSI market has also been included. The study encompasses a market attractiveness analysis, wherein deployment type, technology, application, component, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a crucial view on the AI in BFSI by segmenting the market based on deployment type, technology, application, component, and region. All the segments of AI in BFSI market have been analyzed based on present and future trends and the market is estimated from 2018 to 2025. Based on deployment type, global AI in BFSI market is bifurcated into cloud and on-premise. Machine learning, natural language processing, image processing & video recognition, cognitive computing and others form the technology segment of global AI in BFSI market. Back office/operation, customer service, financial advisory, risk management, compliance & security, and others are the application segment for AI in BFSI market. The component segment is divided into solution and service. The regional segmentation comprises the current and forecast demand for Middle East & Africa, North America, Asia Pacific, Latin America and Europe for AI in BFSI market with further bifurcation U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others is included in the report.

AI in BFSI Market: Report Scope

AI in BFSI market Key Players

The competitive profiling of noticeable players of AI in BFSI market includes company and financial overview, business strategies adopted by them, their recent developments and product offered by them which can help in assessing competition in the market. Noticeable players included in the report are:

• Microsoft
• Google
• Intel
• IBM
• SAP
• AWS
• Salesforce
• Oracle
• Palantir
• IPsoft
• Inbenta technologies
• Lexalytics
• Interaction
• Next IT

The report segment of global AI in BFSI market as follows:

Global AI in BFSI Market: Deployment Type Segment Analysis

• Cloud
• On-premise

Global AI in BFSI Market: Technology Segment Analysis

• Machine Learning
• Natural Language Processing
• Image Processing & Video Recognition
• Cognitive Computing
• Others

Global AI in BFSI Market: Application Segment Analysis

• Back Office/Operation
• Customer Service
• Financial Advisory
• Risk Management, Compliance & Security
• Others

Global AI in BFSI Market: Component Segment Analysis

• Solution
• Service

Global AI in BFSI Market: Regional Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa