The size of the worldwide AI in fintech market was estimated at US$ 10.1 billion in 2021 and is predicted to increase by 16.4% year over year to US$ 11.76 billion in 2022. Demand is anticipated to increase from 2022 to 2032 at a CAGR of 16.5%, reaching US$ 54 billion.
With a 16% CAGR from 2017 to 2021, the market grew strongly. Another important aspect contributing to the industry’s growth during the assessment period is the growing application in the business analytics and reporting segment. The managed service is expected to expand swiftly due to its assistance in managing AI-enabled finance apps. Fintech startups are utilizing AI to offer the expert offerings anticipated to propel the segment’s growth.
Get Instant Access to Your Visuals-Packed Report, request a sample at
https://www.futuremarketinsights.com/reports/sample/rep-gb-14959
On the other hand, the market’s progress is anticipated to be significantly hampered by the growing instances of private information leakage and debit card cloning. Another obstacle preventing the industry’s growth in the future is the correct integration and analysis of a vast amount of data, which further complicates the process.
Key Takeaways from the AI In Fintech Market Report:
- AI in fintech for business analytics and reporting captured a 32% market share, documenting a CAGR of 16% throughout the forecast period
- An on-premise segment to expand at a CAGR of 17% during the forecast period
- North America is expected to secure US$ 35 Billion by 2032 while expanding at a CAGR of 16.5%
- Asia Pacific to record a CAGR of 16.5% during the forecast period
- The global market for AI in fintech to surge 4.6x from 2022 to 2032
Leading Key Players:
- Microsoft
- Google LLC
- Salesforce Inc.
- IBM Corporation
- Amelia US LLC
- Nuance Communications Inc.
- Complyadvantage.com
- Narrative Science
- Affirm Inc.
- Upstart Network Inc.
- Intel
- Instructure Inc.
Seize the Opportunity: Buy Now for a Thorough Report
https://www.futuremarketinsights.com/checkout/14959
AI in Fintech Market Segmentation:
By Components:
- AI in Fintech Solutions
- AI in Fintech Services
- Managed
- Professional
By Deployment:
- Cloud-based AI in Fintech
- On-premise AI in Fintech
By Application:
- AI in Fintech across Virtual Assistants
- AI in Fintech across Business Analytics and Reporting
- AI in Fintech across Customer Behavioural Analytics
- AI in Fintech across Fraud Detection
- AI in Fintech across Quantitative and Asset Management
- AI in Fintech across Other Applications
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
