Artificial intelligence in BFSI is assisting the sector in various areas such as customer support, back office, and security and compliance, among others. The demand for artificial intelligence in the BFSI sector is driven by rapidly growing digital data. AI can assist the BFSI sector in drawing meaningful data from the large chunks of data. The increasing popularity of automation is one of the major factors that is driving the growth of artificial intelligence in the BFSI market.
Growing demand for intelligent customer engagement, advancements in technology, and increasing focus towards increasing efficiency and reducing the operational cost are the major factors that have influenced the artificial intelligence in the BFSI market positively. However, the growing privacy concerns and functional errors are the major restraining factors for artificial intelligence in the BFSI market. The growing focus towards knowing consumer preferences and data-driven products is creating opportunities for the companies operating in the market to gain a major customer base.
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The “Global Artificial Intelligence in BFSI Market Analysis to 2027” is a specialized and in-depth study of artificial intelligence in the BFSI industry with a special focus on the global market trend analysis. The report aims to provide an overview of artificial intelligence in the BFSI market with detailed market segmentation by component, technology, application, and geography. The global artificial intelligence in the BFSI market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading artificial intelligence in BFSI market players and offers key trends and opportunities in artificial intelligence in the BFSI market.
The List of Companies
1. AlphaSense Inc.
2. Brighterion, Inc.
4. Inbenta Technologies Inc.
5. IPsoft Inc.
7. MicroStrategy Incorporated
8. Micrtosoft Corporation
9. Next IT Corp
10. Salesforce. com, Inc.
The global artificial intelligence in the BFSI market is segmented on the basis of component, technology, and application. Based on the component, the market is segmented into solution and service. On the basis of technology, the market is segmented as machine learning, natural language processing, computer vision, and others. Based on the application the market is segmented into the back office, customer service, financial advisory, risk management, and compliance and security.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global artificial intelligence in BFSI market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The artificial intelligence in the BFSI market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting artificial intelligence in BFSI market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the artificial intelligence in BFSI market in these regions.
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This post was originally published on Space Market Research