Global AI in Fintech Market to Reach $30.61 Billion by 2028, Driven by Growing Internet Penetration and Demand for Process Automation in Financial Institutions
Global AI in Fintech Market
Dublin, July 24, 2023 (GLOBE NEWSWIRE) — The “Global AI in Fintech Market (2023-2028) by Component, Application, Deployment Mode, and Geography, Competitive Analysis, Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global AI in Fintech Market is estimated to be USD 9.83 Bn in 2023 and is expected to reach USD 30.61 Bn by 2028, growing at a CAGR of 25.50%.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global AI in Fintech Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global AI in Fintech Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global AI in Fintech Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth Market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the Report
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 197 |
| Forecast Period | 2023 – 2028 |
| Estimated Market Value (USD) in 2023 | $9.83 Billion |
| Forecasted Market Value (USD) by 2028 | $30.61 Billion |
| Compound Annual Growth Rate | 25.5% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Growing Internet penetration
- Growing demand for process automation in financial institutions
Restraints
- High cost of IT setup
- Concerns regarding handling bulk data
Opportunities
- Rising investment and partnership by the IT sector
- Advancement in technology with digitalization
Challenges
- Threats associated with cybersecurity
- Lack of skilled professionals
Companies Mentioned
- Google LLC
- Microsoft Corp.
- IBM Corp.
- Intel Corp.
- Inbenta Technologies Inc.
- Nuance Communications Inc. (Acquired by Microsoft Corp.)
- ComplyAdvantage.com
- Salesforce.com Inc.
- Amazon Web Service Inc.
- Samsung
- Ipsoft Inc.
- Narrative Science
- Active Intelligence Pte Ltd
- TIBCO Software (Alpine Data Labs)
- Trifacta Software Inc.
- Data Minr Inc.
- Sift Science Inc.
- Pefin Holdings
- WealthFront Inc.
- Sentifi Ag
- Next It Corp.
Market Segmentation
The Global AI in Fintech Market is segmented based on Component, Application, Deployment Mode, and Geography.
- By Component, the market is classified into Solutions and Services Segments.
- By Application, the market is classified into Virtual Assistance, Business Analytics & Reporting, Customer Behaviour Analytics and Other Segments.
- By Deployment Mode, the market is classified into Cloud and On-premises Segments.
- By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.
For more information about this report visit https://www.researchandmarkets.com/r/85kxiu
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
CONTACT:
CONTACT: ResearchAndMarkets.com
Laura Wood,Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
