Product Code: IFT260A
Highlights:
The global artificial intelligence (AI) in fintech market should reach $42.0 billion by 2027 from $14.7 billion in 2022 at a compound annual growth rate (CAGR) of 23.4% for the forecast period of 2022 to 2027.
Business analytics and reporting segment of the global AI in fintech market is expected to grow from $3.3 billion in 2022 to $10.7 billion in 2027 at a CAGR of 26.5% for the forecast period of 2022 to 2027.
Fraud detection segment of the global AI in fintech market is expected to grow from $3.2 billion in 2022 to $9.0 billion in 2027 at a CAGR of 23.2% for the forecast period of 2022 to 2027.
Report Scope:
The scope of the report includes the global market of commercially deployed AI solutions and services in the financial industry.
- AI-based products that are in the pilot phase or are live for demonstration purposes have not been considered in the calculation of the overall market size.
- The market size includes the market for AI in terms of fintech components, deployment, application and organization size.
- The final market estimates and forecasts from industry experts are also aligned with the size of the global market in the report.
- AI-based software, solutions and services are not considered in the report.
Report Includes:
- 47 data tables and 24 additional tables
- A comprehensive overview and up-to-date analysis of the current and future global markets for artificial intelligence (AI) in the financial services industry
- Analyses of the global market trends, with market revenue data for 2021, estimates for 2022, 2023 and 2025, and projections of compound annual growth rates (CAGRs) through 2027
- Global market outlook and estimation of the actual market size for AI in Fintech, revenue forecast, and corresponding market share analysis based on component, deployment, application, and region
- Assessment of the key growth driving factors and constraints that will shape the market for AI in financial services, as the basis for projecting demand over the next five years (2022-2027)
- Identification of the companies best positioned to meet this demand owing to or in conjunction with their proprietary technologies, product launches, M&A deals, and other market strategic advantages
- Coverage of the technological, economic, and business considerations of the AI in Fintech market, with analyses and growth forecasts through 2027
- Analysis of the vendor landscape and the global company share analysis of the companies based on their segmental revenues
- Descriptive company profiles of the leading global players, including Affirm Inc., IBM Corp., Microsoft Corp. and Salesforce.com Inc.
Table of Contents
Chapter 1 Introduction
- 1.1 Study Goals and Objectives
- 1.2 Reasons for Doing the Study
- 1.3 Scope of Report
- 1.4 Intended Audience
- 1.5 Information Sources
- 1.6 Research Methodology
- 1.7 Geographic Breakdown
- 1.8 Analyst's Credentials
- 1.9 BCC Custom Research
- 1.10 Related BCC Research Reports
Chapter 2 Executive Summary and Highlights
Chapter 3 Industry Outlook
- 3.1 Market Overview
- 3.2 Value Chain Analysis
- 3.2.1 Front Line
- 3.2.2 Front Office
- 3.2.3 Back Office
- 3.3 PEST Analysis
- 3.4 Porter's Five Forces Analysis
- 3.4.1 Bargaining Power of Buyers
- 3.4.2 Bargaining Power of Suppliers
- 3.4.3 Threat from Substitutes
- 3.4.4 Threat from New Entrants
- 3.4.5 Competitive Rivalry
- 3.5 AI in Fintech Market-Use Cases
- 3.6 Major Investments in Fintech Companies
- 3.6.1 Investments and Fundings in Fintech
- 3.6.2 Top Fintech Investments Across Regions in 2021 Q3 and Q4
- 3.7 Regulatory Landscape
- 3.7.1 Requirement of Specific Regulatory Lens by AI/ML
- 3.7.2 Emergence of Common Themes by Regulators
- 3.7.3 Future Expectations
- 3.8 Assessment of COVID-19's Market Impact
Chapter 4 Market Dynamics
- 4.1 Market Drivers
- 4.1.1 Safeguarding Customer Accounts Against Cyber Attacks and Banking Fraud
- 4.1.2 Increasing Digitization of the BFSI Industry
- 4.1.3 Demand for RPA in Financial Institutions
- 4.2 Market Challenges
- 4.2.1 Data Confidentiality and Privacy Concerns
- 4.2.2 Need for Skilled Workforce to Deploy AI in Fintech
- 4.2.3 Increasing Competition in the Finance Sector
- 4.3 Market Opportunities
- 4.3.1 Increasing Mobile Workforce
- 4.3.2 Increasing Use of AI-Enabled Solutions in the Capital Market
Chapter 5 Market Breakdown by Component
- 5.1 Overview
- 5.2 Solutions
- 5.2.1 Software Tools
- 5.2.2 Data Visualization
- 5.2.3 Data Governance and Data Quality
- 5.3 Services
- 5.3.1 Managed Services
- 5.3.2 Professional Services
Chapter 6 Market Breakdown by Deployment
- 6.1 Overview
- 6.2 Cloud
- 6.3 On-premise
Chapter 7 Market Breakdown by Application
- 7.1 Overview
- 7.2 Virtual Assistant
- 7.3 Business Analytics and Reporting
- 7.4 Customer Behavioral Analytics
- 7.5 Fraud Detection
- 7.6 Quantitative and Asset Management
- 7.7 Other Applications
- 7.7.1 Credit Scoring
- 7.7.2 Chatbots
- 7.7.3 Predictive Analytics
Chapter 8 Market Breakdown by Region
- 8.1 Overview
- 8.2 North America
- 8.3 Europe
- 8.4 Asia-Pacific
- 8.5 Latin America
- 8.6 Middle East and Africa
Chapter 9 Competitive Landscape
- 9.1 Vendor Landscape
- 9.2 Market Ranking Analysis
- 9.3 Competitive Scenario
Chapter 10 Company Profiles
- AFFIRM INC.
- ALPHABET INC.
- AMELIA US LLC
- COMPLYADVANTAGE
- IBM CORP.
- INTEL CORP.
- MICROSOFT CORP.
- ONFIDO
- SALESFORCE.COM INC.
- UPSTART NETWORK INC.
- VERINT SYSTEMS INC.
- Other Notable Vendors
- ACTIVE.AI
- BETTERMENT
- DATAMINR
- NUANCE COMMUNICATIONS INC.
- RIPPLE
- SIFT
- TIBCO SOFTWARE INC.
- WEALTHFRONT CORP.