Published Date: 28-Jul-2022
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According to a new report, published by KBV research, The Global Artificial Intelligence In Fintech Market size is expected to reach $25.8 billion by 2028, rising at a market growth of 16.8% CAGR during the forecast period.
The Services segment has shown growth rate of 18.9% during (2022 - 2028). Because of its assistance in managing AI-enabled apps in finance, the managed service is expected to grow significantly. Fintech businesses that use artificial intelligence to deliver professional services are projected to boost the segment's growth. Customer loss may occur as a result of poor customer service or wrong advice.
The On-premise segment is leading the Global Artificial Intelligence In Fintech Market by Deployment in 2021, thereby, achieving a market value of $13.2 billion by 2028. On-premise deployment aids businesses in putting software or services on the premises or systems of a financial institution. In addition, there are many companies that are adopting on-premise solutions in order to ensure the full safety of data
The Customer Behavioural Analytics segment is showcasing a CAGR of 17.1% during (2022 - 2028). It looks into all of the risks associated with clients. Business analytics and reporting may help with evaluating customer behaviour, in addition to helping with regulatory and legal management, which will increase demand for AI in the fintech market. It can predict a user's behaviour using a user interface that integrates numerous AI and machine learning algorithms, allowing users to gain significant insights into their data.
The North America market dominated the Global Artificial Intelligence In Fintech Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10.3 billion by 2028. The Europe market is estimated to witness a CAGR of 16.5% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 17.7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Oracle Corporation, Microsoft Corporation, Google LLC, Intel Corporation, Salesforce.com, Inc., Amazon Web Services, Inc., ComplyAdvantage, Amelia US LLC, and Inbenta Technologies, Inc.
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