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AI in Banking Market 2025-2029

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    Report

  • 260 Pages
  • July 2025
  • Region: Global
  • TechNavio
  • ID: 6113889
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The AI in banking market is forecasted to grow by USD 77.08 billion during 2024-2029, accelerating at a CAGR of 27.7% during the forecast period. The report on the AI in banking market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by imperative for enhanced operational efficiency and cost reduction, rising demand for hyper personalization and improved customer experience, and increasing sophistication of financial crime and need for robust risk management.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The AI in banking market is segmented as below:

By Component

  • Solution
  • Service

By Technology

  • Natural language processing
  • Machine learning and deep learning
  • Computer vision
  • Others

By Application

  • Risk management compliance and security
  • Customer service
  • Back office or operations
  • Financial advisory
  • Others

By Sector

  • Large overseas banks
  • Small and medium sized banks

By Geographical Landscape

  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa
This study identifies the proliferation of generative AI and large language models as one of the prime reasons driving the AI in banking market growth during the next few years. Also, rise of explainable AI and responsible AI frameworks and hyper automation and convergence of AI with process automation will lead to sizable demand in the market.

The report on the AI in banking market covers the following areas:

  • AI In Banking Market sizing
  • AI In Banking Market forecast
  • AI In Banking Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading AI in banking market vendors that include Accenture PLC, Amazon Web Services Inc., EdgeVerve Systems Ltd., Fintech OS Srl, Google LLC, HCL Technologies Ltd., Infosys Ltd., International Business Machines Corp., Kasisto Inc., Microsoft Corp., NVIDIA Corp., Oracle Corp., Personetics Technologies Ltd., Salesforce Inc., SAP SE, Tata Consultancy Services Ltd., Temenos AG, Webaroo Inc., and Zeta Services Inc. Also, the AI in banking market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Component
Executive Summary - Chart on Market Segmentation by Technology
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by Sector
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global AI In Banking Market 2019 - 2023
Historic Market Size - Data Table on Global AI In Banking Market 2019 - 2023 ($ million)
5.2 Component segment analysis 2019 - 2023
Historic Market Size - Component Segment 2019 - 2023 ($ million)
5.3 Technology segment analysis 2019 - 2023
Historic Market Size - Technology Segment 2019 - 2023 ($ million)
5.4 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.5 Sector segment analysis 2019 - 2023
Historic Market Size - Sector Segment 2019 - 2023 ($ million)
5.6 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.7 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Five Forces Analysis
6.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
6.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
6.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
6.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
6.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
6.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
6.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
7 Market Segmentation by Component
7.1 Market segments
Chart on Component - Market share 2024-2029 (%)
Data Table on Component - Market share 2024-2029 (%)
7.2 Comparison by Component
Chart on Comparison by Component
Data Table on Comparison by Component
7.3 Solution - Market size and forecast 2024-2029
Chart on Solution - Market size and forecast 2024-2029 ($ million)
Data Table on Solution - Market size and forecast 2024-2029 ($ million)
Chart on Solution - Year-over-year growth 2024-2029 (%)
Data Table on Solution - Year-over-year growth 2024-2029 (%)
7.4 Service - Market size and forecast 2024-2029
Chart on Service - Market size and forecast 2024-2029 ($ million)
Data Table on Service - Market size and forecast 2024-2029 ($ million)
Chart on Service - Year-over-year growth 2024-2029 (%)
Data Table on Service - Year-over-year growth 2024-2029 (%)
7.5 Market opportunity by Component
Market opportunity by Component ($ million)
Data Table on Market opportunity by Component ($ million)
8 Market Segmentation by Technology
8.1 Market segments
Chart on Technology - Market share 2024-2029 (%)
Data Table on Technology - Market share 2024-2029 (%)
8.2 Comparison by Technology
Chart on Comparison by Technology
Data Table on Comparison by Technology
8.3 Natural language processing - Market size and forecast 2024-2029
Chart on Natural language processing - Market size and forecast 2024-2029 ($ million)
Data Table on Natural language processing - Market size and forecast 2024-2029 ($ million)
Chart on Natural language processing - Year-over-year growth 2024-2029 (%)
Data Table on Natural language processing - Year-over-year growth 2024-2029 (%)
8.4 Machine learning and deep learning - Market size and forecast 2024-2029
Chart on Machine learning and deep learning - Market size and forecast 2024-2029 ($ million)
Data Table on Machine learning and deep learning - Market size and forecast 2024-2029 ($ million)
Chart on Machine learning and deep learning - Year-over-year growth 2024-2029 (%)
Data Table on Machine learning and deep learning - Year-over-year growth 2024-2029 (%)
8.5 Computer vision - Market size and forecast 2024-2029
Chart on Computer vision - Market size and forecast 2024-2029 ($ million)
Data Table on Computer vision - Market size and forecast 2024-2029 ($ million)
Chart on Computer vision - Year-over-year growth 2024-2029 (%)
Data Table on Computer vision - Year-over-year growth 2024-2029 (%)
8.6 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
8.7 Market opportunity by Technology
Market opportunity by Technology ($ million)
Data Table on Market opportunity by Technology ($ million)
9 Market Segmentation by Application
9.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
9.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
9.3 Risk management compliance and security - Market size and forecast 2024-2029
Chart on Risk management compliance and security - Market size and forecast 2024-2029 ($ million)
Data Table on Risk management compliance and security - Market size and forecast 2024-2029 ($ million)
Chart on Risk management compliance and security - Year-over-year growth 2024-2029 (%)
Data Table on Risk management compliance and security - Year-over-year growth 2024-2029 (%)
9.4 Customer service - Market size and forecast 2024-2029
Chart on Customer service - Market size and forecast 2024-2029 ($ million)
Data Table on Customer service - Market size and forecast 2024-2029 ($ million)
Chart on Customer service - Year-over-year growth 2024-2029 (%)
Data Table on Customer service - Year-over-year growth 2024-2029 (%)
9.5 Back office or operations - Market size and forecast 2024-2029
Chart on Back office or operations - Market size and forecast 2024-2029 ($ million)
Data Table on Back office or operations - Market size and forecast 2024-2029 ($ million)
Chart on Back office or operations - Year-over-year growth 2024-2029 (%)
Data Table on Back office or operations - Year-over-year growth 2024-2029 (%)
9.6 Financial advisory - Market size and forecast 2024-2029
Chart on Financial advisory - Market size and forecast 2024-2029 ($ million)
Data Table on Financial advisory - Market size and forecast 2024-2029 ($ million)
Chart on Financial advisory - Year-over-year growth 2024-2029 (%)
Data Table on Financial advisory - Year-over-year growth 2024-2029 (%)
9.7 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
9.8 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
10 Market Segmentation by Sector
10.1 Market segments
Chart on Sector - Market share 2024-2029 (%)
Data Table on Sector - Market share 2024-2029 (%)
10.2 Comparison by Sector
Chart on Comparison by Sector
Data Table on Comparison by Sector
10.3 Large overseas banks - Market size and forecast 2024-2029
Chart on Large overseas banks - Market size and forecast 2024-2029 ($ million)
Data Table on Large overseas banks - Market size and forecast 2024-2029 ($ million)
Chart on Large overseas banks - Year-over-year growth 2024-2029 (%)
Data Table on Large overseas banks - Year-over-year growth 2024-2029 (%)
10.4 Small and medium sized banks - Market size and forecast 2024-2029
Chart on Small and medium sized banks - Market size and forecast 2024-2029 ($ million)
Data Table on Small and medium sized banks - Market size and forecast 2024-2029 ($ million)
Chart on Small and medium sized banks - Year-over-year growth 2024-2029 (%)
Data Table on Small and medium sized banks - Year-over-year growth 2024-2029 (%)
10.5 Market opportunity by Sector
Market opportunity by Sector ($ million)
Data Table on Market opportunity by Sector ($ million)
11 Customer Landscape
11.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
12.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
12.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
12.3 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ million)
Data Table on North America - Market size and forecast 2024-2029 ($ million)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
12.4 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ million)
Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
12.5 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ million)
Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
12.6 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ million)
Data Table on South America - Market size and forecast 2024-2029 ($ million)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
12.7 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
12.8 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
12.9 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ million)
Data Table on China - Market size and forecast 2024-2029 ($ million)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
12.10 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
12.11 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ million)
Data Table on UK - Market size and forecast 2024-2029 ($ million)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
12.12 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ million)
Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
12.13 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ million)
Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
12.14 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ million)
Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
12.15 Brazil - Market size and forecast 2024-2029
Chart on Brazil - Market size and forecast 2024-2029 ($ million)
Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
Chart on Brazil - Year-over-year growth 2024-2029 (%)
Data Table on Brazil - Year-over-year growth 2024-2029 (%)
12.16 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ million)
Data Table on France - Market size and forecast 2024-2029 ($ million)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
12.17 South Korea - Market size and forecast 2024-2029
Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Chart on South Korea - Year-over-year growth 2024-2029 (%)
Data Table on South Korea - Year-over-year growth 2024-2029 (%)
12.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
13 Drivers, Challenges, and Opportunity/Restraints
13.1 Market drivers
13.2 Market challenges
13.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
13.4 Market opportunities/restraints
14 Competitive Landscape
14.1 Overview
14.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
14.3 Landscape disruption
Overview on factors of disruption
14.4 Industry risks
Impact of key risks on business
15 Competitive Analysis
15.1 Companies profiled
Companies covered
15.2 Company ranking index
Company ranking index
15.3 Market positioning of companies
Matrix on companies position and classification
15.4 Accenture PLC
Accenture PLC - Overview
Accenture PLC - Business segments
Accenture PLC - Key news
Accenture PLC - Key offerings
Accenture PLC - Segment focus
SWOT
15.5 Amazon Web Services Inc.
Amazon Web Services Inc. - Overview
Amazon Web Services Inc. - Product / Service
Amazon Web Services Inc. - Key news
Amazon Web Services Inc. - Key offerings
SWOT
15.6 EdgeVerve Systems Ltd.
EdgeVerve Systems Ltd. - Overview
EdgeVerve Systems Ltd. - Product / Service
EdgeVerve Systems Ltd. - Key offerings
SWOT
15.7 Google LLC
Google LLC - Overview
Google LLC - Product / Service
Google LLC - Key offerings
SWOT
15.8 HCL Technologies Ltd.
HCL Technologies Ltd. - Overview
HCL Technologies Ltd. - Business segments
HCL Technologies Ltd. - Key news
HCL Technologies Ltd. - Key offerings
HCL Technologies Ltd. - Segment focus
SWOT
15.9 Infosys Ltd.
Infosys Ltd. - Overview
Infosys Ltd. - Business segments
Infosys Ltd. - Key news
Infosys Ltd. - Key offerings
Infosys Ltd. - Segment focus
SWOT
15.10 International Business Machines Corp.
International Business Machines Corp. - Overview
International Business Machines Corp. - Business segments
International Business Machines Corp. - Key news
International Business Machines Corp. - Key offerings
International Business Machines Corp. - Segment focus
SWOT
15.11 Microsoft Corp.
Microsoft Corp. - Overview
Microsoft Corp. - Business segments
Microsoft Corp. - Key news
Microsoft Corp. - Key offerings
Microsoft Corp. - Segment focus
SWOT
15.12 NVIDIA Corp.
NVIDIA Corp. - Overview
NVIDIA Corp. - Business segments
NVIDIA Corp. - Key news
NVIDIA Corp. - Key offerings
NVIDIA Corp. - Segment focus
SWOT
15.13 Oracle Corp.
Oracle Corp. - Overview
Oracle Corp. - Business segments
Oracle Corp. - Key news
Oracle Corp. - Key offerings
Oracle Corp. - Segment focus
SWOT
15.14 Salesforce Inc.
Salesforce Inc. - Overview
Salesforce Inc. - Product / Service
Salesforce Inc. - Key news
Salesforce Inc. - Key offerings
SWOT
15.15 SAP SE
SAP SE - Overview
SAP SE - Business segments
SAP SE - Key news
SAP SE - Key offerings
SAP SE - Segment focus
SWOT
15.16 Tata Consultancy Services Ltd.
Tata Consultancy Services Ltd. - Overview
Tata Consultancy Services Ltd. - Business segments
Tata Consultancy Services Ltd. - Key news
Tata Consultancy Services Ltd. - Key offerings
Tata Consultancy Services Ltd. - Segment focus
SWOT
15.17 Temenos AG
Temenos AG - Overview
Temenos AG - Business segments
Temenos AG - Key offerings
Temenos AG - Segment focus
SWOT
15.18 Webaroo Inc.
Webaroo Inc. - Overview
Webaroo Inc. - Product / Service
Webaroo Inc. - Key offerings
SWOT
16 Appendix
16.1 Scope of the report
16.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
16.3 Currency conversion rates for US$
Currency conversion rates for US$
16.4 Research methodology
Research methodology
16.5 Data procurement
Information sources
16.6 Data validation
Data validation
16.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
16.8 Data synthesis
Data synthesis
16.9 360 degree market analysis
360 degree market analysis
16.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Component
Exhibits 6: Executive Summary - Chart on Market Segmentation by Technology
Exhibits 7: Executive Summary - Chart on Market Segmentation by Application
Exhibits 8: Executive Summary - Chart on Market Segmentation by Sector
Exhibits 9: Executive Summary - Chart on Incremental Growth
Exhibits 10: Executive Summary - Data Table on Incremental Growth
Exhibits 11: Executive Summary - Chart on Company Market Positioning
Exhibits 12: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 13: Overview on criticality of inputs and factors of differentiation
Exhibits 14: Overview on factors of disruption
Exhibits 15: Impact of drivers and challenges in 2024 and 2029
Exhibits 16: Parent Market
Exhibits 17: Data Table on - Parent Market
Exhibits 18: Market characteristics analysis
Exhibits 19: Value chain analysis
Exhibits 20: Offerings of companies included in the market definition
Exhibits 21: Market segments
Exhibits 22: Chart on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 23: Data Table on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 24: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 25: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 26: Historic Market Size - Data Table on Global AI In Banking Market 2019 - 2023 ($ million)
Exhibits 27: Historic Market Size - Component Segment 2019 - 2023 ($ million)
Exhibits 28: Historic Market Size - Technology Segment 2019 - 2023 ($ million)
Exhibits 29: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits 30: Historic Market Size - Sector Segment 2019 - 2023 ($ million)
Exhibits 31: Historic Market Size - Geography Segment 2019 - 2023 ($ million)
Exhibits 32: Historic Market Size - Country Segment 2019 - 2023 ($ million)
Exhibits 33: Five forces analysis - Comparison between 2024 and 2029
Exhibits 34: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 35: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 36: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 37: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 38: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 39: Chart on Market condition - Five forces 2024 and 2029
Exhibits 40: Chart on Component - Market share 2024-2029 (%)
Exhibits 41: Data Table on Component - Market share 2024-2029 (%)
Exhibits 42: Chart on Comparison by Component
Exhibits 43: Data Table on Comparison by Component
Exhibits 44: Chart on Solution - Market size and forecast 2024-2029 ($ million)
Exhibits 45: Data Table on Solution - Market size and forecast 2024-2029 ($ million)
Exhibits 46: Chart on Solution - Year-over-year growth 2024-2029 (%)
Exhibits 47: Data Table on Solution - Year-over-year growth 2024-2029 (%)
Exhibits 48: Chart on Service - Market size and forecast 2024-2029 ($ million)
Exhibits 49: Data Table on Service - Market size and forecast 2024-2029 ($ million)
Exhibits 50: Chart on Service - Year-over-year growth 2024-2029 (%)
Exhibits 51: Data Table on Service - Year-over-year growth 2024-2029 (%)
Exhibits 52: Market opportunity by Component ($ million)
Exhibits 53: Data Table on Market opportunity by Component ($ million)
Exhibits 54: Chart on Technology - Market share 2024-2029 (%)
Exhibits 55: Data Table on Technology - Market share 2024-2029 (%)
Exhibits 56: Chart on Comparison by Technology
Exhibits 57: Data Table on Comparison by Technology
Exhibits 58: Chart on Natural language processing - Market size and forecast 2024-2029 ($ million)
Exhibits 59: Data Table on Natural language processing - Market size and forecast 2024-2029 ($ million)
Exhibits 60: Chart on Natural language processing - Year-over-year growth 2024-2029 (%)
Exhibits 61: Data Table on Natural language processing - Year-over-year growth 2024-2029 (%)
Exhibits 62: Chart on Machine learning and deep learning - Market size and forecast 2024-2029 ($ million)
Exhibits 63: Data Table on Machine learning and deep learning - Market size and forecast 2024-2029 ($ million)
Exhibits 64: Chart on Machine learning and deep learning - Year-over-year growth 2024-2029 (%)
Exhibits 65: Data Table on Machine learning and deep learning - Year-over-year growth 2024-2029 (%)
Exhibits 66: Chart on Computer vision - Market size and forecast 2024-2029 ($ million)
Exhibits 67: Data Table on Computer vision - Market size and forecast 2024-2029 ($ million)
Exhibits 68: Chart on Computer vision - Year-over-year growth 2024-2029 (%)
Exhibits 69: Data Table on Computer vision - Year-over-year growth 2024-2029 (%)
Exhibits 70: Chart on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 71: Data Table on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 72: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibits 73: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibits 74: Market opportunity by Technology ($ million)
Exhibits 75: Data Table on Market opportunity by Technology ($ million)
Exhibits 76: Chart on Application - Market share 2024-2029 (%)
Exhibits 77: Data Table on Application - Market share 2024-2029 (%)
Exhibits 78: Chart on Comparison by Application
Exhibits 79: Data Table on Comparison by Application
Exhibits 80: Chart on Risk management compliance and security - Market size and forecast 2024-2029 ($ million)
Exhibits 81: Data Table on Risk management compliance and security - Market size and forecast 2024-2029 ($ million)
Exhibits 82: Chart on Risk management compliance and security - Year-over-year growth 2024-2029 (%)
Exhibits 83: Data Table on Risk management compliance and security - Year-over-year growth 2024-2029 (%)
Exhibits 84: Chart on Customer service - Market size and forecast 2024-2029 ($ million)
Exhibits 85: Data Table on Customer service - Market size and forecast 2024-2029 ($ million)
Exhibits 86: Chart on Customer service - Year-over-year growth 2024-2029 (%)
Exhibits 87: Data Table on Customer service - Year-over-year growth 2024-2029 (%)
Exhibits 88: Chart on Back office or operations - Market size and forecast 2024-2029 ($ million)
Exhibits 89: Data Table on Back office or operations - Market size and forecast 2024-2029 ($ million)
Exhibits 90: Chart on Back office or operations - Year-over-year growth 2024-2029 (%)
Exhibits 91: Data Table on Back office or operations - Year-over-year growth 2024-2029 (%)
Exhibits 92: Chart on Financial advisory - Market size and forecast 2024-2029 ($ million)
Exhibits 93: Data Table on Financial advisory - Market size and forecast 2024-2029 ($ million)
Exhibits 94: Chart on Financial advisory - Year-over-year growth 2024-2029 (%)
Exhibits 95: Data Table on Financial advisory - Year-over-year growth 2024-2029 (%)
Exhibits 96: Chart on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 97: Data Table on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 98: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibits 99: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibits 100: Market opportunity by Application ($ million)
Exhibits 101: Data Table on Market opportunity by Application ($ million)
Exhibits 102: Chart on Sector - Market share 2024-2029 (%)
Exhibits 103: Data Table on Sector - Market share 2024-2029 (%)
Exhibits 104: Chart on Comparison by Sector
Exhibits 105: Data Table on Comparison by Sector
Exhibits 106: Chart on Large overseas banks - Market size and forecast 2024-2029 ($ million)
Exhibits 107: Data Table on Large overseas banks - Market size and forecast 2024-2029 ($ million)
Exhibits 108: Chart on Large overseas banks - Year-over-year growth 2024-2029 (%)
Exhibits 109: Data Table on Large overseas banks - Year-over-year growth 2024-2029 (%)
Exhibits 110: Chart on Small and medium sized banks - Market size and forecast 2024-2029 ($ million)
Exhibits 111: Data Table on Small and medium sized banks - Market size and forecast 2024-2029 ($ million)
Exhibits 112: Chart on Small and medium sized banks - Year-over-year growth 2024-2029 (%)
Exhibits 113: Data Table on Small and medium sized banks - Year-over-year growth 2024-2029 (%)
Exhibits 114: Market opportunity by Sector ($ million)
Exhibits 115: Data Table on Market opportunity by Sector ($ million)
Exhibits 116: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 117: Chart on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 118: Data Table on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 119: Chart on Geographic comparison
Exhibits 120: Data Table on Geographic comparison
Exhibits 121: Chart on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 122: Data Table on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 123: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibits 124: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibits 125: Chart on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 126: Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 127: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 128: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 129: Chart on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 130: Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 131: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 132: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 133: Chart on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 134: Data Table on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 135: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibits 136: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibits 137: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 138: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 139: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 140: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 141: Chart on US - Market size and forecast 2024-2029 ($ million)
Exhibits 142: Data Table on US - Market size and forecast 2024-2029 ($ million)
Exhibits 143: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibits 144: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibits 145: Chart on China - Market size and forecast 2024-2029 ($ million)
Exhibits 146: Data Table on China - Market size and forecast 2024-2029 ($ million)
Exhibits 147: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibits 148: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibits 149: Chart on India - Market size and forecast 2024-2029 ($ million)
Exhibits 150: Data Table on India - Market size and forecast 2024-2029 ($ million)
Exhibits 151: Chart on India - Year-over-year growth 2024-2029 (%)
Exhibits 152: Data Table on India - Year-over-year growth 2024-2029 (%)
Exhibits 153: Chart on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 154: Data Table on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 155: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibits 156: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibits 157: Chart on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 158: Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 159: Chart on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 160: Data Table on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 161: Chart on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 162: Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 163: Chart on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 164: Data Table on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 165: Chart on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 166: Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 167: Chart on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 168: Data Table on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 169: Chart on Brazil - Market size and forecast 2024-2029 ($ million)
Exhibits 170: Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
Exhibits 171: Chart on Brazil - Year-over-year growth 2024-2029 (%)
Exhibits 172: Data Table on Brazil - Year-over-year growth 2024-2029 (%)
Exhibits 173: Chart on France - Market size and forecast 2024-2029 ($ million)
Exhibits 174: Data Table on France - Market size and forecast 2024-2029 ($ million)
Exhibits 175: Chart on France - Year-over-year growth 2024-2029 (%)
Exhibits 176: Data Table on France - Year-over-year growth 2024-2029 (%)
Exhibits 177: Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Exhibits 178: Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Exhibits 179: Chart on South Korea - Year-over-year growth 2024-2029 (%)
Exhibits 180: Data Table on South Korea - Year-over-year growth 2024-2029 (%)
Exhibits 181: Market opportunity By Geographical Landscape ($ million)
Exhibits 182: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 183: Impact of drivers and challenges in 2024 and 2029
Exhibits 184: Overview on criticality of inputs and factors of differentiation
Exhibits 185: Overview on factors of disruption
Exhibits 186: Impact of key risks on business
Exhibits 187: Companies covered
Exhibits 188: Company ranking index
Exhibits 189: Matrix on companies position and classification
Exhibits 190: Accenture PLC - Overview
Exhibits 191: Accenture PLC - Business segments
Exhibits 192: Accenture PLC - Key news
Exhibits 193: Accenture PLC - Key offerings
Exhibits 194: Accenture PLC - Segment focus
Exhibits 195: SWOT
Exhibits 196: Amazon Web Services Inc. - Overview
Exhibits 197: Amazon Web Services Inc. - Product / Service
Exhibits 198: Amazon Web Services Inc. - Key news
Exhibits 199: Amazon Web Services Inc. - Key offerings
Exhibits 200: SWOT
Exhibits 201: EdgeVerve Systems Ltd. - Overview
Exhibits 202: EdgeVerve Systems Ltd. - Product / Service
Exhibits 203: EdgeVerve Systems Ltd. - Key offerings
Exhibits 204: SWOT
Exhibits 205: Google LLC - Overview
Exhibits 206: Google LLC - Product / Service
Exhibits 207: Google LLC - Key offerings
Exhibits 208: SWOT
Exhibits 209: HCL Technologies Ltd. - Overview
Exhibits 210: HCL Technologies Ltd. - Business segments
Exhibits 211: HCL Technologies Ltd. - Key news
Exhibits 212: HCL Technologies Ltd. - Key offerings
Exhibits 213: HCL Technologies Ltd. - Segment focus
Exhibits 214: SWOT
Exhibits 215: Infosys Ltd. - Overview
Exhibits 216: Infosys Ltd. - Business segments
Exhibits 217: Infosys Ltd. - Key news
Exhibits 218: Infosys Ltd. - Key offerings
Exhibits 219: Infosys Ltd. - Segment focus
Exhibits 220: SWOT
Exhibits 221: International Business Machines Corp. - Overview
Exhibits 222: International Business Machines Corp. - Business segments
Exhibits 223: International Business Machines Corp. - Key news
Exhibits 224: International Business Machines Corp. - Key offerings
Exhibits 225: International Business Machines Corp. - Segment focus
Exhibits 226: SWOT
Exhibits 227: Microsoft Corp. - Overview
Exhibits 228: Microsoft Corp. - Business segments
Exhibits 229: Microsoft Corp. - Key news
Exhibits 230: Microsoft Corp. - Key offerings
Exhibits 231: Microsoft Corp. - Segment focus
Exhibits 232: SWOT
Exhibits 233: NVIDIA Corp. - Overview
Exhibits 234: NVIDIA Corp. - Business segments
Exhibits 235: NVIDIA Corp. - Key news
Exhibits 236: NVIDIA Corp. - Key offerings
Exhibits 237: NVIDIA Corp. - Segment focus
Exhibits 238: SWOT
Exhibits 239: Oracle Corp. - Overview
Exhibits 240: Oracle Corp. - Business segments
Exhibits 241: Oracle Corp. - Key news
Exhibits 242: Oracle Corp. - Key offerings
Exhibits 243: Oracle Corp. - Segment focus
Exhibits 244: SWOT
Exhibits 245: Salesforce Inc. - Overview
Exhibits 246: Salesforce Inc. - Product / Service
Exhibits 247: Salesforce Inc. - Key news
Exhibits 248: Salesforce Inc. - Key offerings
Exhibits 249: SWOT
Exhibits 250: SAP SE - Overview
Exhibits 251: SAP SE - Business segments
Exhibits 252: SAP SE - Key news
Exhibits 253: SAP SE - Key offerings
Exhibits 254: SAP SE - Segment focus
Exhibits 255: SWOT
Exhibits 256: Tata Consultancy Services Ltd. - Overview
Exhibits 257: Tata Consultancy Services Ltd. - Business segments
Exhibits 258: Tata Consultancy Services Ltd. - Key news
Exhibits 259: Tata Consultancy Services Ltd. - Key offerings
Exhibits 260: Tata Consultancy Services Ltd. - Segment focus
Exhibits 261: SWOT
Exhibits 262: Temenos AG - Overview
Exhibits 263: Temenos AG - Business segments
Exhibits 264: Temenos AG - Key offerings
Exhibits 265: Temenos AG - Segment focus
Exhibits 266: SWOT
Exhibits 267: Webaroo Inc. - Overview
Exhibits 268: Webaroo Inc. - Product / Service
Exhibits 269: Webaroo Inc. - Key offerings
Exhibits 270: SWOT
Exhibits 271: Inclusions checklist
Exhibits 272: Exclusions checklist
Exhibits 273: Currency conversion rates for US$
Exhibits 274: Research methodology
Exhibits 275: Information sources
Exhibits 276: Data validation
Exhibits 277: Validation techniques employed for market sizing
Exhibits 278: Data synthesis
Exhibits 279: 360 degree market analysis
Exhibits 280: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global ai in banking market: Accenture PLC, Amazon Web Services Inc., EdgeVerve Systems Ltd., Fintech OS Srl, Google LLC, HCL Technologies Ltd., Infosys Ltd., International Business Machines Corp., Kasisto Inc., Microsoft Corp., NVIDIA Corp., Oracle Corp., Personetics Technologies Ltd., Salesforce Inc., SAP SE, Tata Consultancy Services Ltd., Temenos AG, Webaroo Inc., and Zeta Services Inc..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is proliferation of generative ai and large language models."

According to the report, one of the major drivers for this market is the imperative for enhanced operational efficiency and cost reduction.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Accenture PLC
  • Amazon Web Services Inc.
  • EdgeVerve Systems Ltd.
  • Fintech OS Srl
  • Google LLC
  • HCL Technologies Ltd.
  • Infosys Ltd.
  • International Business Machines Corp.
  • Kasisto Inc.
  • Microsoft Corp.
  • NVIDIA Corp.
  • Oracle Corp.
  • Personetics Technologies Ltd.
  • Salesforce Inc.
  • SAP SE
  • Tata Consultancy Services Ltd.
  • Temenos AG
  • Webaroo Inc.
  • Zeta Services Inc.