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AI in Fintech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 143 Pages
  • February 2022
  • Region: Global
  • IMARC Group
  • ID: 5547134
The global AI in fintech market reached a value of US$ 9.4 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 36.1 Billion by 2027, exhibiting a CAGR of 26.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Fintech, or financial technology, refers to the integration of advanced technologies with financial services to enhance or automate banking and investing operations. Artificial intelligence (AI) is widely used in financial institutions for detecting and preventing frauds through digital banking channels. It involves digital lending, credit scoring, mobile banking, asset management, insurance and trading processes. AI in fintech is also utilized for operating robo-advisors to provide financial planning services based on the goals, risk tolerance, financial standing, budget and spending patterns of the individuals. It also identifies any personally identifiable information (PII) leaked on the dark web and undertakes necessary actions to secure the data.

AI in Fintech Market Trends:

The rapid digitization of the banking, financial services and insurance (BFSI) industry across the globe is one of the key factors driving the growth of the market. AI in fintech is widely used for operating virtual assistance, debt collection, sentiment and predictive analysis, reporting and customer behavior analysis. It enhances efficiency, minimizes the chances of human error and can process large volumes of data in a shirt period. In line with this, AI also assists in the automated and real-time examination of cash, credit, and investment accounts for analyzing the financial health of the individual and generating customized insights for future growth. Additionally, various technological advancements, such as the integration of fintech solutions with machine learning (ML), neural network, big data and evolutionary algorithms, are acting as other growth-inducing factors. These technologies provide enhanced monitoring of financial transactions, risk management, speech recognition and secured network access to the banking institutions. Other factors, including the increasing utilization of smart contracts for financial processes, along with significant improvements in the information technology (IT) infrastructure, are anticipated to drive the market toward growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global AI in fintech market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, deployment model and application.

Breakup by Type:

  • Solutions
  • Services

Breakup by Deployment Model:

  • Cloud-based
  • On-premises

Breakup by Application:

  • Virtual Assistant (Chatbots)
  • Credit Scoring
  • Quantitative and Asset Management
  • Fraud Detection
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc), Google LLC (Alphabet Inc.), Inbenta Technologies Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Salesforce.com Inc., Samsung Electronics Co. Ltd., TIBCO Software Inc., Trifacta and Verint Systems Inc.

Key Questions Answered in this Report:

  • How has the global AI in fintech market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global AI in fintech market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the deployment model?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global AI in fintech market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global AI in Fintech Market

What is the estimated value of the Global AI in Fintech Market?

The Global AI in Fintech Market was estimated to be valued at $9.4 Billion in 2021.

What is the growth rate of the Global AI in Fintech Market?

The growth rate of the Global AI in Fintech Market is 25.1%, with an estimated value of $36.1 Billion by 2027.

What is the forecasted size of the Global AI in Fintech Market?

The Global AI in Fintech Market is estimated to be worth $36.1 Billion by 2027.

Who are the key companies in the Global AI in Fintech Market?

Key companies in the Global AI in Fintech Market include Amazon Web Services Inc. (Amazon.com Inc), Google LLC (Alphabet Inc.), Inbenta Technologies Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Salesforce.com Inc., Samsung Electronics Co. Ltd., TIBCO Software Inc. and Trifacta.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global AI in Fintech Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Solutions
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment Model
7.1 Cloud-based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 On-premises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Virtual Assistant (Chatbots)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Credit Scoring
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Quantitative and Asset Management
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Fraud Detection
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Amazon Web Services Inc. (Amazon.com Inc)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 SWOT Analysis
14.3.2 Google LLC (Alphabet Inc.)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Inbenta Technologies Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 SWOT Analysis
14.3.4 Intel Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 International Business Machines Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Microsoft Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Salesforce.com Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Samsung Electronics Co. Ltd.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 TIBCO Software Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Trifacta
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 SWOT Analysis
14.3.11 Verint Systems Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: AI in Fintech Market: Major Drivers and Challenges
Figure 2: Global: AI in Fintech Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: AI in Fintech Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: AI in Fintech Market: Breakup by Type (in %), 2021
Figure 5: Global: AI in Fintech Market: Breakup by Deployment Model (in %), 2021
Figure 6: Global: AI in Fintech Market: Breakup by Application (in %), 2021
Figure 7: Global: AI in Fintech Market: Breakup by Region (in %), 2021
Figure 8: Global: AI in Fintech (Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: AI in Fintech (Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: AI in Fintech (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: AI in Fintech (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: AI in Fintech (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: AI in Fintech (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: AI in Fintech (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: AI in Fintech (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: AI in Fintech (Virtual Assistant-Chatbots) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: AI in Fintech (Virtual Assistant-Chatbots) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: AI in Fintech (Credit Scoring) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: AI in Fintech (Credit Scoring) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: AI in Fintech (Quantitative and Asset Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: AI in Fintech (Quantitative and Asset Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: AI in Fintech (Fraud Detection) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: AI in Fintech (Fraud Detection) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: AI in Fintech (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: AI in Fintech (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: AI in Fintech Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: AI in Fintech Industry: SWOT Analysis
Figure 76: Global: AI in Fintech Industry: Value Chain Analysis
Figure 77: Global: AI in Fintech Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: AI in Fintech Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: AI in Fintech Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: AI in Fintech Market Forecast: Breakup by Deployment Model (in Million US$), 2022-2027
Table 4: Global: AI in Fintech Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: AI in Fintech Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: AI in Fintech Market: Competitive Structure
Table 7: Global: AI in Fintech Market: Key Players

Companies Mentioned

  • Amazon Web Services Inc. (Amazon.com Inc)
  • Google LLC (Alphabet Inc.)
  • Inbenta Technologies Inc.
  • Intel Corporation
  • International Business Machines Corporation
  • Microsoft Corporation
  • Salesforce.com Inc.
  • Samsung Electronics Co. Ltd.
  • TIBCO Software Inc.
  • Trifacta
  • Verint Systems Inc.

Methodology

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