Increasing
proliferation of artificial intelligence in financial industry and
technological advancements to drive global AI in Fintech market through 2024
According to TechSci
Research report, “Global AI in Fintech
Market By Component, By Deployment Mode, By Application,
By Region, Competition, Forecast & Opportunities, 2024”, global AI in
Fintech market is projected to grow at a double-digit CAGR of over 30% during
2019-2024, as inclusion of artificial intelligence helps to understand consumer
behavior and results in the implementation of sophisticated algorithms.
Increasing fraudulent activities can be mitigated with the utilization of
artificial intelligence by collecting big data. Moreover, increasing use of
AI-enabled technological solution in the capital market and growing penetration
of internet is expected to positively influence AI in Fintech market, globally,
during forecast period.
Browse
20 market data Tables and 60 Figures spread through 113 Pages and an
in-depth TOC on "Global AI in Fintech Market"
https://www.techsciresearch.com/report/ai-in-fintech-market/3779.html
https://www.techsciresearch.com/report/ai-in-fintech-market/3779.html
Global AI in Fintech market can be segmented based
on component, deployment mode and application. In terms of services, managed
service is expected to capture the significant market share during 2019-2024,
owing to the need for deployment of AI in Fintech solutions in on-premise and
cloud. AI in Fintech market caters to various applications including virtual
assistant (chat bot), business analytics & reporting, customer behavioral
analytics and others. Business analytics and reporting is the leading segment,
as it helps in analyzing customer behavior and enables regulatory and
compliance management.
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can also request for 10% free customization on this report.
IBM Corporation, Intel Corporation, Amazon Web
Services, Inc., Microsoft Corporation, Inbenta Technologies and Google LLC are
some of the leading players operating in global AI in Fintech market. Companies
operating in the market are using organic strategies such as product launches,
mergers and collaborations in order to boost their market share. In 2017, MIT
and IBM partnered to invest in the artificial intelligence platform of Watson to
enrich its application in diverse industries.
“Software tools is the leading segment in global AI
in Fintech market and the segment is poised to grow at a high rate during the
forecast period, as large amount of non-trivial data is generated in the financial
sector and software tools help to monitor and analyze data. Moreover, with
increasing implementation of chat bot by companies as customer assistants,
surging demand for monitoring potential customer behavior and detection of
fraudulent activities, global AI in Fintech market is expected to register
strong growth over the course of next five years.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global AI in
Fintech Market By Component, By Deployment Mode, By Application, By Region,
Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of
global AI in Fintech market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global AI in
Fintech market.
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Research
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