Artificial Intelligence (AI) Market in BFSI Sector 2019-2023 | Focus on Autonomous Banking to Boost Growth | Technavio

Technavio has announced its latest sector research report titled Global Artificial Intelligence (AI) Market in BFSI Sector 2019-2023 (Photo: Business Wire)

LONDON--()--Technavio has been monitoring the artificial intelligence (AI) market in BFSI sector and it is poised to grow by USD 11.94 billion during 2019-2023, progressing at a CAGR of over 32% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Amazon Web Services Inc., Google LLC, IBM Corp., Microsoft Corp., and Oracle Corp. are some of the major market participants. The focus on autonomous banking will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Focus on autonomous banking has been instrumental in driving the growth of the market.

Artificial Intelligence (AI) Market in BFSI Sector 2019-2023: Segmentation

Artificial Intelligence (AI) Market in BFSI Sector is segmented as below:

  • End-user
    • Banking
    • Investment and Securities Management
    • Insurance
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download latest free sample report of 2020-2024: https://www.technavio.com/talk-to-us?report=IRTNTR31823

Artificial Intelligence (AI) Market in BFSI Sector 2019-2023: Scope

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

  • Artificial Intelligence (AI) Market in BFSI Sector Size
  • Artificial Intelligence (AI) Market in BFSI Sector Trends
  • Artificial Intelligence (AI) Market in BFSI Sector Industry Analysis

This study identifies growing focus on personalized experience as one of the prime reasons driving the artificial intelligence (AI) market growth in BFSI sector during the next few years.

Artificial Intelligence (AI) Market in BFSI Sector 2019-2023: Vendor Analysis

We provide a detailed analysis of vendors operating in the artificial intelligence (AI) market in BFSI sector, including some of the vendors such as Amazon Web Services Inc., Google LLC, IBM Corp., Microsoft Corp., and Oracle Corp. Backed with competitive intelligence and benchmarking, our research reports on the artificial intelligence (AI) market in BFSI sector are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Artificial Intelligence (AI) Market in BFSI Sector 2019-2023: Key Highlights

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will assist artificial intelligence (AI) market growth n BFSI sector during the next five years
  • Estimation of the artificial intelligence (AI) market in BFSI sector size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the artificial intelligence (AI) market in BFSI sector
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of artificial intelligence (AI) market vendors in BFSI sector

Table Of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user
  • Comparison by end-user
  • Banking - Market size and forecast 2018-2023
  • Investment and securities management - Market size and forecast

2018-2023

  • Insurance - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Rise in cloud-based solutions
  • Growing focus on personalized experience
  • Rise in popularity of open banking

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Amazon Web Services, Inc.
  • Google LLC
  • IBM Corp.
  • Microsoft Corp.
  • Oracle Corp.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The global artificial intelligence in BFSI market size will grow by USD 11.94 billion during 2019-2023

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/