Artificial Intelligence (AI) in BFSI Market- Global Forecast and Analysis (2023-2029)


Artificial Intelligence in BFSI Market is expected to reach US $ 471.07 Bn by 2029, at a CAGR of 38% during the forecast period.

Artificial Intelligence (AI) in BFSI Market Dynamics:

BFSI is one of the fastest growing verticals for artificial intelligence adoption in the field. This is due to the increasing progress in different industries in artificial intelligence and machine learning around the globe. AI's ability to respond probabilistically to uncertain real-world inputs is one of its crucial features in the BFSI industry. Analytics; bots; robotic process automation (RPA); and report generation are among the main applications of artificial intelligence in banking. In the current BFSI business scenario, consumer preference varies widely.Artificial Intelligence (AI) in BFSI MarketTo know about the Research Methodology :- Request Free Sample Report

Artificial intelligence has helped banks and financial institutions adjust and tailor their service to customer requirements. By deploying bots for customer support, AI has allowed financial institutions to reduce their long-term costs. Increased understanding of banks' use of AI in BFSI instruments to improve their operational efficiency and provide better customer experience. With growing competition from fintech firms, banks will be encouraged to opt for more innovative and smart technologies and services, creating new avenues for AI growth in the BFSI industry.

Global Artificial Intelligence (AI) in BFSI Market is segmented by component, by technology, application, by end-use and by region. By component, solution accounted for a major share in 2021 and is expected to keep its dominance over the forecast period owing to the security and evaluation of know your customer (KYC) verification process is highly simplified by software tools. Chatbot is the leading segment among the solutions due to driven by natural language processing; banks and other financial institutions provide easy access to common customer service questions, enhance on-boarding processes, and increase sales performance.

In addition, it increases cost efficiency by reducing consumer acquisition costs on a wide scale and gathers input from consumers on the market in real time. By Technology, National Language Processing (NLP) held the highest market share in 2022 due to the rising usage of NLP in financial services is expanding beyond its use in banking, insurance and hedge funds. Transactional bots are created using NLP technology to process data in the form of human language. For instance, instead of logging into individual balance-check accounts, users can simply check their account information via chatbots and even voice assistants. Moreover, it can be accessed remotely from anywhere.

The growth of the Natural Language Processing (NLP) Technology’s is due to the penetration of internet-of-things. For instance, LenddoEFL, a Singapore-based company, offers a program called LenddoScore that uses advanced NLP and machine learning algorithms to determine the creditworthiness of borrowers. The platform integrates the digital footprints of prospective borrowers through social media, browsing history, geo-location, and other personal device information. By Application, healthcare and life sciences segment held the highest market share in 2022 and is expected to keep its dominance over the forecast period due to the helping to track the journey of patients, enhancing their experience and maximising the functioning of hospitals. By end-use, banks segment held the largest market share due to the increasing technical advances, with higher investment in artificial intelligence technology aimed at enhancing customer services and increasing sales in their businesses.

By geography, global Artificial Intelligence (AI) in BFSI market is segmented into North America, APAC, Europe, ME & Africa, and South America. Among these, Europe held the highest market share of xx% in 2021 and is expected to keep its dominance over the forecast period owing to widespread acceptance of innovations and the forthcoming analytics technology among the large numbers of vendors operational in the region. Several European countries are also integrating process analytics tools into their current analytics portfolio to receive fast and actionable executive insights to keep pace with their analytical-driven rivals in other regions. The service in the market in North America is forecasted to provide a huge market scope for the adoption of process analytics tools.

Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger & acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.

The objective of the report is to present a comprehensive analysis of the Global Artificial Intelligence (AI) in BFSI Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report.

External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Artificial Intelligence (AI) in BFSI Market dynamics, structure by analyzing the market segments and project Global Artificial Intelligence (AI) in BFSI Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Artificial Intelligence (AI) in BFSI Market the report investor’s guide.

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Global Artificial Intelligence in BFSI Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 35.81 Bn.




Forecast Period 2023 to 2029 CAGR:
38%
Market Size in 2029:
US $ 471.07 Bn.




 Segments Covered:
by Component
Solution
Chatbot
Customer Behavior Analytics
Anti-Money Laundering
Customer Relationship Management (CRM)
Fraud Detection
Others
Services
Professional
Managed




by Technology
Machine Learning
Natural Language Processing (NLP)
Computer Vision




by Application
Back Office/Operation
Customer Service
Financial Advisory
Risk Management
Compliance & Security




by End-User
Banks
Insurance institution






Artificial Intelligence (AI) in BFSI Market  by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Artificial Intelligence (AI) in BFSI Market Key Players are:

1. Amazon Web Services, Inc
2. Avaamo
3. Baidu, Inc
4. Cape Analytics, LLC
5. CognitiveScale, Inc
6. Comply Advantage
7. Descartes Labs, Inc
8. Digital Reasoning, Inc
9. Google LLC
10.Inbenta Technologies
11.Intel Corporation
12.Interaction LLC
13.Ipsoft
14.Lexalytics, Inc.
15.Microsoft Corporation
16.NEXT IT
17.Oracle
18.Palantir Technologies, Inc.
19.Salesforce.com, Inc.
20.SAP SE
21.ZestFinance, Inc.
22.IBM
23.Salesforce

Frequently Asked questions

1. What is the market size of the Global Artificial Intelligence in BFSI Market in 2022?
Ans. The market size Global Artificial Intelligence in BFSI Market in 2022 was US$ 49.42 Billion.

2. What are the different segments of the Global Artificial Intelligence in BFSI Market?
Ans. The Global Artificial Intelligence in BFSI Market  is divided into Component ,Technology, Application and End-User.

3. What is the study period of this market?
Ans. The Global Artificial Intelligence in BFSI Market will be studied from 2022 to 2029.

4. Which region is expected to hold the highest Global Artificial Intelligence in BFSI Market share?
Ans. The Asia Pacific dominates the market share in the  market.

5. What  is the Forecast Period of Global Artificial Intelligence in BFSI Market?
Ans. The Forecast Period of the market is 2023-2029 in the market. 




Global Artificial Intelligence (AI) in BFSI Market

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives

2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources

3. Executive Summary: Global Artificial Intelligence (AI) in BFSI Market Size, by Market Value (US$ Mn)

4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies

5. Supply Side and Demand Side Indicators

6. Global Artificial Intelligence (AI) in BFSI Market Analysis and Forecast

7. Global Artificial Intelligence (AI) in BFSI Market Analysis and Forecast, by Component
7.1. Introduction and Definition
7.2. Key Findings
7.3. Global Artificial Intelligence (AI) in BFSI Market Value Share Analysis, by Component
7.4. Global Artificial Intelligence (AI) in BFSI Market Size (US$ Mn) Forecast, by Component
7.5. Global Artificial Intelligence (AI) in BFSI Market Analysis, by Component
7.6. Global Artificial Intelligence (AI) in BFSI Market Attractiveness Analysis, by Component

8. Global Artificial Intelligence (AI) in BFSI Market Analysis and Forecast, by Technology
8.1. Introduction and Definition
8.2. Key Findings
8.3. Global Artificial Intelligence (AI) in BFSI Market Value Share Analysis, by Technology
8.4. Global Artificial Intelligence (AI) in BFSI Market Size (US$ Mn) Forecast, by Technology
8.5. Global Artificial Intelligence (AI) in BFSI Market Analysis, by Technology
8.6. Global Artificial Intelligence (AI) in BFSI Market Attractiveness Analysis, by Technology

9. Global Artificial Intelligence (AI) in BFSI Market Analysis and Forecast, by Application
9.1. Introduction and Definition
9.2. Key Findings
9.3. Global Artificial Intelligence (AI) in BFSI Market Value Share Analysis, by Application
9.4. Global Artificial Intelligence (AI) in BFSI Market Size (US$ Mn) Forecast, by Application
9.5. Global Artificial Intelligence (AI) in BFSI Market Analysis, by Application
9.6. Global Artificial Intelligence (AI) in BFSI Market Attractiveness Analysis, by Application

10. Global Artificial Intelligence (AI) in BFSI Market Analysis and Forecast, by End-Use
10.1. Introduction and Definition
10.2. Key Findings
10.3. Global Artificial Intelligence (AI) in BFSI Market Value Share Analysis, by End-Use
10.4. Global Artificial Intelligence (AI) in BFSI Market Size (US$ Mn) Forecast, by End-Use
10.5. Global Artificial Intelligence (AI) in BFSI Market Analysis, by End-Use
10.6. Global Artificial Intelligence (AI) in BFSI Market Attractiveness Analysis, by End-Use

11. Global Artificial Intelligence (AI) in BFSI Market Analysis and Forecast, by Region
11.1. Introduction and Definition
11.2. Key Findings
11.3. Global Artificial Intelligence (AI) in BFSI Market Value Share Analysis, by Region
11.4. Global Artificial Intelligence (AI) in BFSI Market Size (US$ Mn) Forecast, by Region
11.5. Global Artificial Intelligence (AI) in BFSI Market Analysis, by Region

12. Global Artificial Intelligence (AI) in BFSI Market Analysis
12.1. Key Findings
12.2. Global Artificial Intelligence (AI) in BFSI Market Overview
12.3. Global Artificial Intelligence (AI) in BFSI Market Forecast, by Component
12.3.1. Solution
12.3.1.1. Chatbot
12.3.1.2. Customer Behavior Analytics
12.3.1.3. Anti-Money Laundering
12.3.1.4. Customer Relationship Management (CRM)
12.3.1.5. Fraud Detection
12.3.1.6. Others
12.3.2. Services
12.3.2.1. Professional
12.3.2.2. Managed
12.4. Global Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
12.4.1. Machine Learning
12.4.2. Natural Language Processing (NLP)
12.4.3. Computer Vision
12.5. Global Artificial Intelligence (AI) in BFSI Market Forecast, by Application
12.5.1. Back Office/Operation
12.5.2. Customer Service
12.5.3. Financial Advisory
12.5.4. Risk Management
12.5.5. Compliance & Security
12.6. Global Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
12.6.1. Banks
12.6.2. Insurance institution (SMEs)
12.7. Global Artificial Intelligence (AI) in BFSI Market Forecast, by Region
12.7.1. North America
12.7.2. Europe
12.7.3. Asia-Pacific
12.7.4. ME & Africa
12.7.5. Latin America
12.8. PEST Analysis
12.9. Key Trends
12.10. Key Developments

13. North America Artificial Intelligence (AI) in BFSI Market Analysis
13.1. Key Findings
13.2. North America Artificial Intelligence (AI) in BFSI Market Forecast, by Component
13.2.1. Solution
13.2.1.1. Chatbot
13.2.1.2. Customer Behavior Analytics
13.2.1.3. Anti-Money Laundering
13.2.1.4. Customer Relationship Management (CRM)
13.2.1.5. Fraud Detection
13.2.1.6. Others
13.2.2. Services
13.2.2.1. Professional
13.2.2.2. Managed
13.3. North America Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
13.3.1. Machine Learning
13.3.2. Natural Language Processing (NLP)
13.3.3. Computer Vision
13.4. North America Artificial Intelligence (AI) in BFSI Market Forecast, by Application
13.4.1. Back Office/Operation
13.4.2. Customer Service
13.4.3. Financial Advisory
13.4.4. Risk Management
13.4.5. Compliance & Security
13.5. North America Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
13.5.1. Banks
13.5.2. Insurance institution (SMEs)
13.6. North America Artificial Intelligence (AI) in BFSI Market Forecast, by Country
13.6.1. US
13.6.2. Canada
13.7. US Artificial Intelligence (AI) in BFSI Market Forecast, by Component
13.7.1. Solution
13.7.1.1. Chatbot
13.7.1.2. Customer Behavior Analytics
13.7.1.3. Anti-Money Laundering
13.7.1.4. Customer Relationship Management (CRM)
13.7.1.5. Fraud Detection
13.7.1.6. Others
13.7.2. Services
13.7.2.1. Professional
13.7.2.2. Managed
13.8. US Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
13.8.1. Machine Learning
13.8.2. Natural Language Processing (NLP)
13.8.3. Computer Vision
13.9. US Artificial Intelligence (AI) in BFSI Market Forecast, by Application
13.9.1. Back Office/Operation
13.9.2. Customer Service
13.9.3. Financial Advisory
13.9.4. Risk Management
13.9.5. Compliance & Security
13.10. US Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
13.10.1. Banks
13.10.2. Insurance institution (SMEs)
13.11. Canada Artificial Intelligence (AI) in BFSI Market Forecast, by Component
13.11.1. Solution
13.11.1.1. Chatbot
13.11.1.2. Customer Behavior Analytics
13.11.1.3. Anti-Money Laundering
13.11.1.4. Customer Relationship Management (CRM)
13.11.1.5. Fraud Detection
13.11.1.6. Others
13.11.2. Services
13.11.2.1. Professional
13.11.2.2. Managed
13.12. Canada Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
13.12.1. Machine Learning
13.12.2. Natural Language Processing (NLP)
13.12.3. Computer Vision
13.13. Canada Artificial Intelligence (AI) in BFSI Market Forecast, by Application
13.13.1. Back Office/Operation
13.13.2. Customer Service
13.13.3. Financial Advisory
13.13.4. Risk Management
13.13.5. Compliance & Security
13.14. Canada Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
13.14.1. Banks
13.14.2. Insurance institution (SMEs)
13.15. PEST Analysis
13.16. Key Trends
13.17. Key Developments

14. Europe Artificial Intelligence (AI) in BFSI Market Analysis
14.1. Key Findings
14.2. Europe Artificial Intelligence (AI) in BFSI Market Overview
14.3. Europe Artificial Intelligence (AI) in BFSI Market Forecast, by Component
14.3.1. Solution
14.3.1.1. Chatbot
14.3.1.2. Customer Behavior Analytics
14.3.1.3. Anti-Money Laundering
14.3.1.4. Customer Relationship Management (CRM)
14.3.1.5. Fraud Detection
14.3.1.6. Others
14.3.2. Services
14.3.2.1. Professional
14.3.2.2. Managed
14.4. Europe Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
14.4.1. Machine Learning
14.4.2. Natural Language Processing (NLP)
14.4.3. Computer Vision
14.5. Europe Artificial Intelligence (AI) in BFSI Market Forecast, by Application
14.5.1. Back Office/Operation
14.5.2. Customer Service
14.5.3. Financial Advisory
14.5.4. Risk Management
14.5.5. Compliance & Security
14.6. Europe Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
14.6.1. Banks
14.6.2. Insurance institution (SMEs)
14.7. Europe Artificial Intelligence (AI) in BFSI Market Forecast, by Country
14.7.1. UK
14.7.2. France
14.7.3. Germany
14.7.4. Russia
14.7.5. Italy
14.7.6. Rest of Europe
14.8. UK Artificial Intelligence (AI) in BFSI Market Forecast, by Component
14.8.1. Solution
14.8.1.1. Chatbot
14.8.1.2. Customer Behavior Analytics
14.8.1.3. Anti-Money Laundering
14.8.1.4. Customer Relationship Management (CRM)
14.8.1.5. Fraud Detection
14.8.1.6. Others
14.8.2. Services
14.8.2.1. Professional
14.8.2.2. Managed
14.9. UK Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
14.9.1. Machine Learning
14.9.2. Natural Language Processing (NLP)
14.9.3. Computer Vision
14.10. UK Artificial Intelligence (AI) in BFSI Market Forecast, by Application
14.10.1. Back Office/Operation
14.10.2. Customer Service
14.10.3. Financial Advisory
14.10.4. Risk Management
14.10.5. Compliance & Security
14.11. UK Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
14.11.1. Banks
14.11.2. Insurance institution (SMEs)
14.12. France Artificial Intelligence (AI) in BFSI Market Forecast, by Component
14.12.1. Solution
14.12.1.1. Chatbot
14.12.1.2. Customer Behavior Analytics
14.12.1.3. Anti-Money Laundering
14.12.1.4. Customer Relationship Management (CRM)
14.12.1.5. Fraud Detection
14.12.1.6. Others
14.12.2. Services
14.12.2.1. Professional
14.12.2.2. Managed
14.13. France Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
14.13.1. Machine Learning
14.13.2. Natural Language Processing (NLP)
14.13.3. Computer Vision
14.14. France Artificial Intelligence (AI) in BFSI Market Forecast, by Application
14.14.1. Back Office/Operation
14.14.2. Customer Service
14.14.3. Financial Advisory
14.14.4. Risk Management
14.14.5. Compliance & Security
14.15. France Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
14.15.1. Banks
14.15.2. Insurance institution (SMEs)
14.16. Germany Artificial Intelligence (AI) in BFSI Market Forecast, by Component
14.16.1. Solution
14.16.1.1. Chatbot
14.16.1.2. Customer Behavior Analytics
14.16.1.3. Anti-Money Laundering
14.16.1.4. Customer Relationship Management (CRM)
14.16.1.5. Fraud Detection
14.16.1.6. Others
14.16.2. Services
14.16.2.1. Professional
14.16.2.2. Managed
14.17. Germany Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
14.17.1. Machine Learning
14.17.2. Natural Language Processing (NLP)
14.17.3. Computer Vision
14.18. Germany Artificial Intelligence (AI) in BFSI Market Forecast, by Application
14.18.1. Back Office/Operation
14.18.2. Customer Service
14.18.3. Financial Advisory
14.18.4. Risk Management
14.18.5. Compliance & Security
14.19. Germany Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
14.19.1. Banks
14.19.2. Insurance institution (SMEs)
14.20. Russia Artificial Intelligence (AI) in BFSI Market Forecast, by Component
14.20.1. Solution
14.20.1.1. Chatbot
14.20.1.2. Customer Behavior Analytics
14.20.1.3. Anti-Money Laundering
14.20.1.4. Customer Relationship Management (CRM)
14.20.1.5. Fraud Detection
14.20.1.6. Others
14.20.2. Services
14.20.2.1. Professional
14.20.2.2. Managed
14.21. Russia Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
14.21.1. Machine Learning
14.21.2. Natural Language Processing (NLP)
14.21.3. Computer Vision
14.22. Russia Artificial Intelligence (AI) in BFSI Market Forecast, by Application
14.22.1. Back Office/Operation
14.22.2. Customer Service
14.22.3. Financial Advisory
14.22.4. Risk Management
14.22.5. Compliance & Security
14.23. Russia Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
14.23.1. Banks
14.23.2. Insurance institution (SMEs)
14.24. Italy Artificial Intelligence (AI) in BFSI Market Forecast, by Component
14.24.1. Solution
14.24.1.1. Chatbot
14.24.1.2. Customer Behavior Analytics
14.24.1.3. Anti-Money Laundering
14.24.1.4. Customer Relationship Management (CRM)
14.24.1.5. Fraud Detection
14.24.1.6. Others
14.24.2. Services
14.24.2.1. Professional
14.24.2.2. Managed
14.25. Italy Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
14.25.1. Machine Learning
14.25.2. Natural Language Processing (NLP)
14.25.3. Computer Vision
14.26. Italy Artificial Intelligence (AI) in BFSI Market Forecast, by Application
14.26.1. Back Office/Operation
14.26.2. Customer Service
14.26.3. Financial Advisory
14.26.4. Risk Management
14.26.5. Compliance & Security
14.27. Italy Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
14.27.1. Banks
14.27.2. Insurance institution (SMEs)
14.28. Rest of Europe Artificial Intelligence (AI) in BFSI Market Forecast, by Component
14.28.1. Solution
14.28.1.1. Chatbot
14.28.1.2. Customer Behavior Analytics
14.28.1.3. Anti-Money Laundering
14.28.1.4. Customer Relationship Management (CRM)
14.28.1.5. Fraud Detection
14.28.1.6. Others
14.28.2. Services
14.28.2.1. Professional
14.28.2.2. Managed
14.29. Rest of Europe Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
14.29.1. Machine Learning
14.29.2. Natural Language Processing (NLP)
14.29.3. Computer Vision
14.30. Rest of Europe Artificial Intelligence (AI) in BFSI Market Forecast, by Application
14.30.1. Back Office/Operation
14.30.2. Customer Service
14.30.3. Financial Advisory
14.30.4. Risk Management
14.30.5. Compliance & Security
14.31. Rest of Europe Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
14.31.1. Banks
14.31.2. Insurance institution (SMEs)
14.32. PEST Analysis
14.33. Key Trends
14.34. Key Developments

15. Asia Pacific Artificial Intelligence (AI) in BFSI Market Analysis
15.1. Key Findings
15.2. Asia Pacific Artificial Intelligence (AI) in BFSI Market Overview
15.3. Asia Pacific Artificial Intelligence (AI) in BFSI Market Forecast, by Component
15.3.1. Solution
15.3.1.1. Chatbot
15.3.1.2. Customer Behavior Analytics
15.3.1.3. Anti-Money Laundering
15.3.1.4. Customer Relationship Management (CRM)
15.3.1.5. Fraud Detection
15.3.1.6. Others
15.3.2. Services
15.3.2.1. Professional
15.3.2.2. Managed
15.4. Asia Pacific Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
15.4.1. Machine Learning
15.4.2. Natural Language Processing (NLP)
15.4.3. Computer Vision
15.5. Asia Pacific Artificial Intelligence (AI) in BFSI Market Forecast, by Application
15.5.1. Back Office/Operation
15.5.2. Customer Service
15.5.3. Financial Advisory
15.5.4. Risk Management
15.5.5. Compliance & Security
15.6. Asia Pacific Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
15.6.1. Banks
15.6.2. Insurance institution (SMEs)
15.7. Asia Pacific Artificial Intelligence (AI) in BFSI Market Forecast, by Country
15.7.1. China
15.7.2. India
15.7.3. Japan
15.7.4. Malaysia
15.7.5. Indonesia
15.7.6. Rest of Asia-Pacific
15.8. China Artificial Intelligence (AI) in BFSI Market Forecast, by Component
15.8.1. Solution
15.8.1.1. Chatbot
15.8.1.2. Customer Behavior Analytics
15.8.1.3. Anti-Money Laundering
15.8.1.4. Customer Relationship Management (CRM)
15.8.1.5. Fraud Detection
15.8.1.6. Others
15.8.2. Services
15.8.2.1. Professional
15.8.2.2. Managed
15.9. China Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
15.9.1. Machine Learning
15.9.2. Natural Language Processing (NLP)
15.9.3. Computer Vision
15.10. China Artificial Intelligence (AI) in BFSI Market Forecast, by Application
15.10.1. Back Office/Operation
15.10.2. Customer Service
15.10.3. Financial Advisory
15.10.4. Risk Management
15.10.5. Compliance & Security
15.11. China Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
15.11.1. Banks
15.11.2. Insurance institution (SMEs)
15.12. India Artificial Intelligence (AI) in BFSI Market Forecast, by Component
15.12.1. Solution
15.12.1.1. Chatbot
15.12.1.2. Customer Behavior Analytics
15.12.1.3. Anti-Money Laundering
15.12.1.4. Customer Relationship Management (CRM)
15.12.1.5. Fraud Detection
15.12.1.6. Others
15.12.2. Services
15.12.2.1. Professional
15.12.2.2. Managed
15.13. India Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
15.13.1. Machine Learning
15.13.2. Natural Language Processing (NLP)
15.13.3. Computer Vision
15.14. India Artificial Intelligence (AI) in BFSI Market Forecast, by Application
15.14.1. Back Office/Operation
15.14.2. Customer Service
15.14.3. Financial Advisory
15.14.4. Risk Management
15.14.5. Compliance & Security
15.15. India Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
15.15.1. Banks
15.15.2. Insurance institution (SMEs)
15.16. Japan Artificial Intelligence (AI) in BFSI Market Forecast, by Component
15.16.1. Solution
15.16.1.1. Chatbot
15.16.1.2. Customer Behavior Analytics
15.16.1.3. Anti-Money Laundering
15.16.1.4. Customer Relationship Management (CRM)
15.16.1.5. Fraud Detection
15.16.1.6. Others
15.16.2. Services
15.16.2.1. Professional
15.16.2.2. Managed
15.17. Japan Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
15.17.1. Machine Learning
15.17.2. Natural Language Processing (NLP)
15.17.3. Computer Vision
15.18. Japan Artificial Intelligence (AI) in BFSI Market Forecast, by Application
15.18.1. Back Office/Operation
15.18.2. Customer Service
15.18.3. Financial Advisory
15.18.4. Risk Management
15.18.5. Compliance & Security
15.19. Japan Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
15.19.1. Banks
15.19.2. Insurance institution (SMEs)
15.20. Indonesia Artificial Intelligence (AI) in BFSI Market Forecast, by Component
15.20.1. Solution
15.20.1.1. Chatbot
15.20.1.2. Customer Behavior Analytics
15.20.1.3. Anti-Money Laundering
15.20.1.4. Customer Relationship Management (CRM)
15.20.1.5. Fraud Detection
15.20.1.6. Others
15.20.2. Services
15.20.2.1. Professional
15.20.2.2. Managed
15.21. Indonesia Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
15.21.1. Machine Learning
15.21.2. Natural Language Processing (NLP)
15.21.3. Computer Vision
15.22. Indonesia Artificial Intelligence (AI) in BFSI Market Forecast, by Application
15.22.1. Back Office/Operation
15.22.2. Customer Service
15.22.3. Financial Advisory
15.22.4. Risk Management
15.22.5. Compliance & Security
15.23. Indonesia Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
15.23.1. Banks
15.23.2. Insurance institution (SMEs)
15.24. Malaysia Artificial Intelligence (AI) in BFSI Market Forecast, by Component
15.24.1. Solution
15.24.1.1. Chatbot
15.24.1.2. Customer Behavior Analytics
15.24.1.3. Anti-Money Laundering
15.24.1.4. Customer Relationship Management (CRM)
15.24.1.5. Fraud Detection
15.24.1.6. Others
15.24.2. Services
15.24.2.1. Professional
15.24.2.2. Managed
15.25. Malaysia Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
15.25.1. Machine Learning
15.25.2. Natural Language Processing (NLP)
15.25.3. Computer Vision
15.26. Malaysia Artificial Intelligence (AI) in BFSI Market Forecast, by Application
15.26.1. Back Office/Operation
15.26.2. Customer Service
15.26.3. Financial Advisory
15.26.4. Risk Management
15.26.5. Compliance & Security
15.27. Malaysia Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
15.27.1. Banks
15.27.2. Insurance institution (SMEs)
15.28. Rest of Asia Pacific Artificial Intelligence (AI) in BFSI Market Forecast, by Component
15.28.1. Solution
15.28.1.1. Chatbot
15.28.1.2. Customer Behavior Analytics
15.28.1.3. Anti-Money Laundering
15.28.1.4. Customer Relationship Management (CRM)
15.28.1.5. Fraud Detection
15.28.1.6. Others
15.28.2. Services
15.28.2.1. Professional
15.28.2.2. Managed
15.29. Rest of Asia Pacific Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
15.29.1. Machine Learning
15.29.2. Natural Language Processing (NLP)
15.29.3. Computer Vision
15.30. Rest of Asia Pacific Artificial Intelligence (AI) in BFSI Market Forecast, by Application
15.30.1. Back Office/Operation
15.30.2. Customer Service
15.30.3. Financial Advisory
15.30.4. Risk Management
15.30.5. Compliance & Security
15.31. Rest of Asia Pacific Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
15.31.1. Banks
15.31.2. Insurance institution (SMEs)
15.32. PEST Analysis
15.33. Key Trends
15.34. Key Developments

16. ME & Africa Artificial Intelligence (AI) in BFSI Market Analysis
16.1. Key Findings
16.2. ME & Africa Artificial Intelligence (AI) in BFSI Market Overview
16.3. ME & Africa Artificial Intelligence (AI) in BFSI Market Forecast, by Component
16.3.1. Solution
16.3.1.1. Chatbot
16.3.1.2. Customer Behavior Analytics
16.3.1.3. Anti-Money Laundering
16.3.1.4. Customer Relationship Management (CRM)
16.3.1.5. Fraud Detection
16.3.1.6. Others
16.3.2. Services
16.3.2.1. Professional
16.3.2.2. Managed
16.4. ME & Africa Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
16.4.1. Machine Learning
16.4.2. Natural Language Processing (NLP)
16.4.3. Computer Vision
16.5. ME & Africa Artificial Intelligence (AI) in BFSI Market Forecast, by Application
16.5.1. Back Office/Operation
16.5.2. Customer Service
16.5.3. Financial Advisory
16.5.4. Risk Management
16.5.5. Compliance & Security
16.6. ME & Africa Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
16.6.1. Banks
16.6.2. Insurance institution (SMEs)
16.7. ME &Africa Artificial Intelligence (AI) in BFSI Market Forecast, by Country
16.7.1. GCC
16.7.2. South Africa
16.7.3. Rest of ME & Africa
16.8. GCC Artificial Intelligence (AI) in BFSI Market Forecast, by Component
16.8.1. Solution
16.8.1.1. Chatbot
16.8.1.2. Customer Behavior Analytics
16.8.1.3. Anti-Money Laundering
16.8.1.4. Customer Relationship Management (CRM)
16.8.1.5. Fraud Detection
16.8.1.6. Others
16.8.2. Services
16.8.2.1. Professional
16.8.2.2. Managed
16.9. GCC Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
16.9.1. Machine Learning
16.9.2. Natural Language Processing (NLP)
16.9.3. Computer Vision
16.10. GCC Artificial Intelligence (AI) in BFSI Market Forecast, by Application
16.10.1. Back Office/Operation
16.10.2. Customer Service
16.10.3. Financial Advisory
16.10.4. Risk Management
16.10.5. Compliance & Security
16.11. GCC Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
16.11.1. Banks
16.11.2. Insurance institution (SMEs)
16.12. South Africa Artificial Intelligence (AI) in BFSI Market Forecast, by Component
16.12.1. Solution
16.12.1.1. Chatbot
16.12.1.2. Customer Behavior Analytics
16.12.1.3. Anti-Money Laundering
16.12.1.4. Customer Relationship Management (CRM)
16.12.1.5. Fraud Detection
16.12.1.6. Others
16.12.2. Services
16.12.2.1. Professional
16.12.2.2. Managed
16.13. South Africa Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
16.13.1. Machine Learning
16.13.2. Natural Language Processing (NLP)
16.13.3. Computer Vision
16.14. South Africa Artificial Intelligence (AI) in BFSI Market Forecast, by Application
16.14.1. Back Office/Operation
16.14.2. Customer Service
16.14.3. Financial Advisory
16.14.4. Risk Management
16.14.5. Compliance & Security
16.15. South Africa Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
16.15.1. Banks
16.15.2. Insurance institution (SMEs)
16.16. Rest of ME &Africa Artificial Intelligence (AI) in BFSI Market Forecast, by Component
16.16.1. Solution
16.16.1.1. Chatbot
16.16.1.2. Customer Behavior Analytics
16.16.1.3. Anti-Money Laundering
16.16.1.4. Customer Relationship Management (CRM)
16.16.1.5. Fraud Detection
16.16.1.6. Others
16.16.2. Services
16.16.2.1. Professional
16.16.2.2. Managed
16.17. Rest of ME &Africa Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
16.17.1. Machine Learning
16.17.2. Natural Language Processing (NLP)
16.17.3. Computer Vision
16.18. Rest of ME &Africa Artificial Intelligence (AI) in BFSI Market Forecast, by Application
16.18.1. Back Office/Operation
16.18.2. Customer Service
16.18.3. Financial Advisory
16.18.4. Risk Management
16.18.5. Compliance & Security
16.19. Rest of ME &Africa Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
16.19.1. Banks
16.19.2. Insurance institution (SMEs)
16.20. PEST Analysis
16.21. Key Trends
16.22. Key Developments

17. Latin America Artificial Intelligence (AI) in BFSI Market Analysis
17.1. Key Findings
17.2. Latin America Artificial Intelligence (AI) in BFSI Market Overview
17.3. Latin America Artificial Intelligence (AI) in BFSI Market Forecast, by Component
17.3.1. Solution
17.3.1.1. Chatbot
17.3.1.2. Customer Behavior Analytics
17.3.1.3. Anti-Money Laundering
17.3.1.4. Customer Relationship Management (CRM)
17.3.1.5. Fraud Detection
17.3.1.6. Others
17.3.2. Services
17.3.2.1. Professional
17.3.2.2. Managed
17.4. Latin America Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
17.4.1. Machine Learning
17.4.2. Natural Language Processing (NLP)
17.4.3. Computer Vision
17.5. Latin America Artificial Intelligence (AI) in BFSI Market Forecast, by Application
17.5.1. Back Office/Operation
17.5.2. Customer Service
17.5.3. Financial Advisory
17.5.4. Risk Management
17.5.5. Compliance & Security
17.6. Latin America Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
17.6.1. Banks
17.6.2. Insurance institution (SMEs)
17.7. Latin America Artificial Intelligence (AI) in BFSI Market Forecast, by Country
17.7.1. Mexico
17.7.2. Brazil
17.7.3. Rest of Latin America
17.8. Mexico Artificial Intelligence (AI) in BFSI Market Forecast, by Component
17.8.1. Solution
17.8.1.1. Chatbot
17.8.1.2. Customer Behavior Analytics
17.8.1.3. Anti-Money Laundering
17.8.1.4. Customer Relationship Management (CRM)
17.8.1.5. Fraud Detection
17.8.1.6. Others
17.8.2. Services
17.8.2.1. Professional
17.8.2.2. Managed
17.9. Mexico Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
17.9.1. Machine Learning
17.9.2. Natural Language Processing (NLP)
17.9.3. Computer Vision
17.10. Mexico Artificial Intelligence (AI) in BFSI Market Forecast, by Application
17.10.1. Back Office/Operation
17.10.2. Customer Service
17.10.3. Financial Advisory
17.10.4. Risk Management
17.10.5. Compliance & Security
17.11. Mexico Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
17.11.1. Banks
17.11.2. Insurance institution (SMEs)
17.12. Brazil Artificial Intelligence (AI) in BFSI Market Forecast, by Component
17.12.1. Solution
17.12.1.1. Chatbot
17.12.1.2. Customer Behavior Analytics
17.12.1.3. Anti-Money Laundering
17.12.1.4. Customer Relationship Management (CRM)
17.12.1.5. Fraud Detection
17.12.1.6. Others
17.12.2. Services
17.12.2.1. Professional
17.12.2.2. Managed
17.13. Brazil Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
17.13.1. Machine Learning
17.13.2. Natural Language Processing (NLP)
17.13.3. Computer Vision
17.14. Brazil Artificial Intelligence (AI) in BFSI Market Forecast, by Application
17.14.1. Back Office/Operation
17.14.2. Customer Service
17.14.3. Financial Advisory
17.14.4. Risk Management
17.14.5. Compliance & Security
17.15. Brazil Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
17.15.1. Banks
17.15.2. Insurance institution (SMEs)
17.16. Rest of Latin America Artificial Intelligence (AI) in BFSI Market Forecast, by Component
17.16.1. Solution
17.16.1.1. Chatbot
17.16.1.2. Customer Behavior Analytics
17.16.1.3. Anti-Money Laundering
17.16.1.4. Customer Relationship Management (CRM)
17.16.1.5. Fraud Detection
17.16.1.6. Others
17.16.2. Services
17.16.2.1. Professional
17.16.2.2. Managed
17.17. Rest of Latin America Artificial Intelligence (AI) in BFSI Market Forecast, by Technology
17.17.1. Machine Learning
17.17.2. Natural Language Processing (NLP)
17.17.3. Computer Vision
17.18. Rest of Latin America Artificial Intelligence (AI) in BFSI Market Forecast, by Application
17.18.1. Back Office/Operation
17.18.2. Customer Service
17.18.3. Financial Advisory
17.18.4. Risk Management
17.18.5. Compliance & Security
17.19. Rest of Latin America Artificial Intelligence (AI) in BFSI Market Forecast, by End-Use
17.19.1. Banks
17.19.2. Insurance institution (SMEs)
17.20. PEST Analysis
17.21. Key Trends
17.22. Key Developments

18. Company Profiles
18.1. Market Share Analysis, by Company
18.2. Market Share Analysis, by Region
18.3. Market Share Analysis, by Country
18.4. Competition Matrix
18.4.1. Competitive Benchmarking of key players by price, presence, market share, Raw material and R&D investment
18.4.2. New Raw material Launches and Raw material Enhancements
18.4.2.1. Market Consolidation
18.4.2.2. M&A by Regions, Investment and Raw material
18.4.2.3. M&A Key Players, Forward Professional and Backward
Professional
18.5. Company Profiles: Key Players
18.5.1. Amazon Web Services, Inc
18.5.2. Avaamo
18.5.3. Baidu, Inc
18.5.4. Cape Analytics, LLC
18.5.5. CognitiveScale, Inc
18.5.6. Comply Advantage
18.5.7. Descartes Labs, Inc
18.5.8. Digital Reasoning, Inc
18.5.9. Google LLC
18.5.10. Inbenta Technologies
18.5.11. Intel Corporation
18.5.12. Interaction LLC
18.5.13. Ipsoft
18.5.14. Lexalytics, Inc.
18.5.15. Microsoft Corporation
18.5.16. NEXT IT
18.5.17. Oracle
18.5.18. Palantir Technologies, Inc.
18.5.19. Salesforce.com, Inc.
18.5.20. SAP SE
18.5.21. ZestFinance, Inc.
18.5.22. IBM
18.5.23. Salesforce

19. Primary Key Insights.
  • INQUIRE BEFORE BUYING