Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Autonomous Finance Market size is expected to reach $33.3 billion by 2028, rising at a market growth of 13.6% CAGR during the forecast period.
The Auto Payments market is leading the segment in the Global Autonomous Finance Market by Solution in 2021; thereby, achieving a market value of $9.6 billion by 2028. A high smartphone adoption rate has seen a rise in the popularity of mobile banking and electronic payments. The Internet of Things (IoT) has also increased the number of linked gadgets allowing creative payment methods.
The Financial Institutions market is registering a CAGR of 13.4% during (2022 - 2028). All services provided by financial institutions, including retail products, payment systems, and procedures for wealth and capital management, are becoming quickly digitalized. Automation has made it feasible to replace physical branches with virtual channels such as mobile banking, email communications, and online catalogs to improve customer service.
The North America market dominated the Global Autonomous Finance Market by Region in 2021; thereby, achieving a market value of $10.9 billion by 2028. The Europe market is anticipated to grow at a CAGR of 13.2% during (2022 - 2028). Additionally, The Asia Pacific would witness a CAGR of 14.3% 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 Oracle Corporation, NICE Ltd., HighRadius Corporation, Signzy Technologies Private Limited, Roots Automation, Inc., ReGov Technologies Sdn Bhd, Fennech Financial Ltd, Auditoria.AI, VIC.AI and ViralGains, Inc.
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