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AI in FinTech Global Market Report 2022

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    Report

  • 175 Pages
  • July 2022
  • Region: Global
  • The Business Research Company
  • ID: 5635498
Major players in the AI in fintech market are Microsoft, Google, IBM Corporation, Intel Corporation, Amazon Web Services, IPsoft, Salesforce Inc, Nuance Communications, Next IT Corporation, Trifacta Software Inc, Inbenta Technologies, Zeitgold GmbH, and Onfido.

The global AI in fintech market is expected to grow from $7.25 billion in 2021 to $9.13 billion in 2022 at a compound annual growth rate (CAGR) of 25.9%. The AI in fintech market is expected to grow to $24.17 billion in 2026 at a CAGR of 27.6%.

The artificial intelligence (AI) in fintech market consists of sales of AI as software by entities (organizations, sole traders, and partnerships) that are used in the fintech space. AI is a part of fintech companies in terms of collection of data, analyzing information, securing and facilitating transactions, creating customer-centric products, and streamlining processes. It provides stronger security, better analytics, and insights, virtual assistance, and chatbots.

The main types of products in AI in fintech are solutions and services. The AI as a solution in fintech consists of decision making, automated customer support, fraud detections, claims management, and automated virtual financial assistants. The deployment modes are cloud and on-premise. The applications include asset management, risk investigation, business analytics, regulatory compliance, data collection, predictive analytics, virtual assistance, and others.

North America was the largest region in the AI in fintech market in 2021. The regions covered in the AI in fintech market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The AI in fintech market research report is one of a series of new reports that provides AI in fintech market statistics, including AI in fintech industry global market size, regional shares, competitors with an AI in fintech market share, detailed ai in fintech market segments, market trends and opportunities, and any further data you may need to thrive in the AI in fintech industry. This AI in fintech market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The need for fraud detection in fintech or financial institutions is contributing to the growth of AI in the fintech market. Artificial intelligence or machine learning algorithm can learn new information from the data collected, the more data that AI manipulates, the more AI can be learned, and the banks can gain deeper insights with AI technology. The biggest advantage of AI is that over time the algorithm builds on collecting more data and learning more about how to use it. The advantage is that it starts the moment the AI is deployed and continues to grow without interruption of contribution. According to the 2020 Identity Fraud Report by Javelin Strategy & Research, a US-based insights company for financial institutions, Financial institutions suffered a loss of $16.9 billion in 2019 alone due to account takeover and fraud identity. It's difficult to properly identify, authenticate people on digital channels, and Capgemini Claims the fraud detection systems powered by AI or machine learning algorithms minimize fraud investigation time by 70% and improves the accuracy of detection by 90%. The need for fraud detection in fintech drives the market for AI in fintech.

Technological Advancement is the key trend gaining popularity in the AI in the fintech market. For instance, in 2021, In India, the Robo-advisory technology refers to the digital platforms that provide financial advice through AI, driven software with zero human intervention. It advises the people to pick up the right stock and even suggests replacing the existing stock in the portfolio based on the factors related to valuations, governance, and performance other things.

In May 2020, Cleareye.ai, Inc, a US-based fintech company, acquired AIWare.ai for an undisclosed deal amount. Through this acquisition, Cleareye.ai combines both company teams of AIWare.ai and Cleareye.ai to strengthen their ability to offer solutions such as leveraging artificial intelligence, bionic automation, and advanced analytics. Aiware.ai is an Indian startup that specializes in AI and provides services in the fintech industry.

The countries covered in the AI in fintech market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.




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Table of Contents

1. Executive Summary2. AI in FinTech Market Characteristics3. AI in FinTech Market Trends And Strategies4. Impact Of COVID-19 On AI in FinTech
5. AI in FinTech Market Size And Growth
5.1. Global AI in FinTech Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global AI in FinTech Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. AI in FinTech Market Segmentation
6.1. Global AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Solutions
  • Services
6.2. Global AI in FinTech Market, Segmentation By Deployment, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Cloud
  • On-premise
6.3. Global AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Asset Management
  • Risk Investigation
  • Business Analytics
  • Regulatory Compliance
  • Data Collection
  • Predictive Analytics
  • Virtual Assistance
  • Others
7. AI in FinTech Market Regional And Country Analysis
7.1. Global AI in FinTech Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global AI in FinTech Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific AI in FinTech Market
8.1. Asia-Pacific AI in FinTech Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China AI in FinTech Market
9.1. China AI in FinTech Market Overview
9.2. China AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India AI in FinTech Market
10.1. India AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan AI in FinTech Market
11.1. Japan AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia AI in FinTech Market
12.1. Australia AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia AI in FinTech Market
13.1. Indonesia AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea AI in FinTech Market
14.1. South Korea AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe AI in FinTech Market
15.1. Western Europe AI in FinTech Market Overview
15.2. Western Europe AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK AI in FinTech Market
16.1. UK AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany AI in FinTech Market
17.1. Germany AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France AI in FinTech Market
18.4. France AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe AI in FinTech Market
19.1. Eastern Europe AI in FinTech Market Overview
19.2. Eastern Europe AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia AI in FinTech Market
20.1. Russia AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America AI in FinTech Market
21.1. North America AI in FinTech Market Overview
21.2. North America AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA AI in FinTech Market
22.1. USA AI in FinTech Market Overview
22.2. USA AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America AI in FinTech Market
23.1. South America AI in FinTech Market Overview
23.2. South America AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil AI in FinTech Market
24.1. Brazil AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East AI in FinTech Market
25.1. Middle East AI in FinTech Market Overview
25.2. Middle East AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa AI in FinTech Market
26.1. Africa AI in FinTech Market Overview
26.2. Africa AI in FinTech Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa AI in FinTech Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. AI in FinTech Market Competitive Landscape And Company Profiles
27.1. AI in FinTech Market Competitive Landscape
27.2. AI in FinTech Market Company Profiles
27.2.1. Microsoft
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Google
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. IBM Corporation
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Intel Corporation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Amazon Web Services Inc.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The AI in FinTech Market29. AI in FinTech Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

AI in FinTech Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global ai in fintech market.

This report focuses on ai in fintech market which is experiencing strong growth. The report gives a guide to the ai in fintech market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.

Description:


Where is the largest and fastest growing market for the ai in fintech? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The AI in FinTech market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider ai in fintech market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The ai in fintech market section of the report gives context. It compares the ai in fintech market with other segments of the ai in fintech market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, ai in fintech indicators comparison.

Scope


Markets Covered:

1) By Type: Solutions; Services
2) By Deployment: Cloud; On-premise
3) By Application: Asset Management; Risk Investigation; Business Analytics; Regulatory Compliance; Data Collection; Predictive Analytics; Virtual Assistance; Others

Companies Mentioned: Microsoft; Google; IBM Corporation; Intel Corporation; Amazon Web Services

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Microsoft
  • Google
  • IBM Corporation
  • Intel Corporation
  • Amazon Web Services
  • IPsoft
  • Salesforce Inc.
  • Nuance Communications
  • Next IT Corporation
  • Trifacta Software Inc.
  • Inbenta Technologies
  • Zeitgold GmbH
  • Onfido

Methodology

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