AI in Fintech Market-Size By Business Function, By Component, By Deployment Model, By Organization Size, By End User, By Geographic Scope And Forecast Up to 2022 (Trending Report)

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

The market for AI in Fintech is expected to grow from USD 1,337.7 million in 2017 to USD 7,305.6 million by 2022, at a Compound Annual Growth Rate (CAGR) of 40.4%. The availability of spatial data is a major factor driving the growth of the AI in Fintech market. Sustaining in a competitive market has become crucial for the financial sector due to technological advancements. In order to achieve efficiency across business processes, enterprises need to design and layout a plan of action. This can be done by properly implementing AI practices into its operations.

The lack of skilled consultants to deploy AI in Fintech expected to be a major restraint for the AI in Fintech market. AI technology can be integrated in financial sector through solution and services based on level of integration. Since, AI is in the developing stage and deployment of AI needs availability of skilled expertise which can act as a restraint for the AI in Fintech market.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-108782
The Final Report will cover the impact analysis of COVID-19 on this industry: AI in Fintech Market-Size By Business Function, By Component, By Deployment Model, By Organization Size, By End User, By Geographic Scope And Forecast Up to 2022 (Trending Report)

“Business Analytics and Reporting is expected to have the largest market size during the forecast period”
The application areas in the AI in Fintech market include virtual assistants (Chatbots), business analytics and reporting, customer behavioral analytics, and others (includes market research, advertising and marketing campaign). Business analytics and reporting application area helps the finance companies to meet regulatory and compliance requirements as well as manage compliance records. Moreover, it also enables financial institutions to analyze customer behavior. To meet these requirements, the financial companies are deploying AI enabled solutions to get maximum benefits of the technology.

“Asia Pacific (APAC) is expected to witness the highest growth rate during the forecast period”
APAC is expected to grow at the highest CAGR during the forecast period. Factors such as higher technological advancement in the region, rapid expansion of domestic enterprises, and higher development of infrastructure are driving the AI in Fintech market in the APAC region. The North American region is expected to have the largest market share during the forecast period. The main driving factors for the market are rapid development of AI in the finance sector, increase in the usage of data, and adoption of predictive analytics tools.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-108782
The Final Report will cover the impact analysis of COVID-19 on this industry: AI in Fintech Market-Size By Business Function, By Component, By Deployment Model, By Organization Size, By End User, By Geographic Scope And Forecast Up to 2022 (Trending Report)

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people.
• By Company Type – Tier 1 – 20%, Tier 2 – 45%, and Tier 3 –35%
• By Designation – C-level – 48%, Director-level – 37%, and Others – 15%
• By Region –North America – 22%, Europe– 45%, APAC – 26% , and the Rest of the World (ROW)- 7%

Research Coverage
The AI in Fintech market has been segmented on the basis of components (solution and services), deployment modes, application areas, and region. The AI in Fintech solutions help AI in Fintech software, platform, and service providers, IPO/VC/Angel investors, BFSI organizations, and government organizations to improve financial operations and reduce costs. The AI in Fintech market segmented on the basis of the components include solution and services. The solution segment is further segmented into software tools and platforms. The services offered in the AI in Fintech market include managed and professional services. The deployment modes in AI in Fintech market include the cloud and on-premises. The application areas are segmented into virtual assistants (chatbots), business analytics and reporting, customer behavioral analytics, and others (includes market research, advertising and marketing campaign). Finally, on the basis of regions, the AI in Fintech market is segmented into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.

The report will help the market leaders and new entrants in the AI in Fintech market in the following ways:
1. The report segments the market into various subsegments, hence it covers the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different application areas and regions.
2. The report helps in understanding the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps in understanding the competitors better and gaining more insights to strengthen the organization’s position in the market. The study also presents the positioning of the key players in the market based on their product offerings and business strategies.

TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.4 YEARS CONSIDERED FOR THE STUDY 14
1.5 CURRENCY 15
1.6 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 SECONDARY DATA 17
2.1.2 PRIMARY DATA 17
2.1.3 BREAKDOWN OF PRIMARIES 17
2.1.4 KEY INDUSTRY INSIGHTS 18
2.2 MARKET SIZE ESTIMATION 19
2.3 BOTTOM-UP APPROACH 19
2.4 TOP-DOWN APPROACH 20
2.5 MICROQUADRANT RESEARCH METHODOLOGY 20
2.5.1 VENDOR INCLUSION CRITERIA 20
2.6 RESEARCH ASSUMPTIONS AND LIMITATION 21
2.6.1 RESEARCH ASSUMPTIONS 21
2.6.2 LIMITATIONS 21

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

Related Links
https://www.sdki.jp/

Top Related Reports

Micro Mobile Data Center Market
Internet of Things (IoT) Data Management Market
Retail Analytics Market
Predictive Analytics Market
Social Media Analytics Market
Software-Defined Networking and Network Function Virtualization Market
Cloud Engineering Market
APAC Project Portfolio Management Market
Mobile Edge Computing Market
Anomaly Detection Market

Related posts

Leave a Comment