Artificial Intelligence in BFSI Market Trends, Revenue, Key Players, Growth, Share and Forecast Till 2028

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Increasing usage of Artificial Intelligence in BFSI for fraud prevention is driving growth of the market

The Artificial Intelligence in BFSI research report also provides the financial footing of the vendors, market growth strategies, along with the expansion plans of businesses in the coming years. Industry experts have verified all information encompassed in the global Artificial Intelligence in BFSI market research report. Analysts employ Porter’s five forces analysis, SWOT analysis, and PESTLE analysis to decipher the course that key vendors will prefer in the coming years. 

AI deployment is witnessing a surge in demand due to change in customer expectation during and after the COVID-19 pandemic. During the first few months of the pandemic, usage of online and mobile banking channels across various industries increased significantly and is expected to keep growing in future. Implementation of social distancing norms has reduced physical visits to banks, customers are increasingly using digital banking, and their expectations are changing due to premium services provided by some banks. 

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Key Companies Profiled in the Report:

Amazon Web Services (AWS), Inc., Google LLC, CognitiveScale, Inc., Descartes Labs, Inc., Avaamo, Inc., Intel Corporation, Baidu, Inc., SAP SE, Microsoft Corporation, and Oracle Corporation.

The report provides a detailed analysis of the key factors of the Artificial Intelligence in BFSI market that are expected to have a positive impact on the growth of the Artificial Intelligence in BFSI industry. The Global Artificial Intelligence in BFSI Report is a panoramic study of the overall Artificial Intelligence in BFSI market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Artificial Intelligence in BFSI market. 

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Emergen Research has segmented the global Artificial Intelligence in BFSI market on the basis of offering, solution, technology, application, and region:

Offering Component Outlook (Revenue, USD Million; 2018–2028)

  • Software
  • Services
  • Hardware

Solution Outlook (Revenue, USD Million; 2018–2028)

  • Fraud Detection Prevention
  • Customer Relationship Management
  • Chabot
  • Anti-money Laundering
  • Data Analytics Prediction
  • Others

Technology Outlook (Revenue, USD Million; 2018–2028)

  • Machine Learning
  • Context Aware Processing
  • Natural Language Processing (NLP)
  • Deep Learning
  • Others

Application Outlook (Revenue, USD Million; 2018–2028)

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

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Regional Analysis:

The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.

Key regions in the market include:

  • North America

U.S., Canada

  • Europe

U.K., Italy, Germany, France, Rest of EU

  • Asia Pacific

India, Japan, China, South Korea, Australia. Rest of APAC

  • Latin America

Chile, Brazil, Argentina, Rest of Latin America

  • Middle East Africa

Saudi Arabia, U.A.E., South Africa, Rest of MEA

Key Questions Addressed in the Report:

  • What are the key applications of Artificial Intelligence in BFSI?
  • Which segment is expected to garner traction during the coming years?
  • What are the key strategies adopted by leading players in the market?
  • Who are the leading players in the Artificial Intelligence in BFSI industry?
  • Which region is expected to dominate the market in the coming years?

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