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The AI and automation in banking market is forecasted to grow by USD 88.17 billion during 2024-2029, accelerating at a CAGR of 26.4% during the forecast period. The report on the AI and automation 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.Speak directly to the analyst to clarify any post sales queries you may have.
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 operational efficiency and cost reduction, escalating demand for enhanced customer experience and hyper-personalization, and increasingly complex risk management and regulatory compliance requirements.
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 and automation in banking market is segmented as below:
By Component
- Solutions
- Services
By Business Segment
- Large enterprises
- SMEs
By Application
- Fraud detection and prevention
- Customer relationship management
- Process automation
- Predictive analytics
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the AI and automation in banking market covers the following areas:
- AI And Automation In Banking Market sizing
- AI And Automation In Banking Market forecast
- AI And Automation In Banking Market industry analysis
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
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Component
8 Market Segmentation by Business Segment
9 Market Segmentation by Application
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global AI and automation in banking market: Ayasdi AI LLC, Bud, C3.AI Inc., DataRobot Inc., Infosys Ltd., International Business Machines Corp., Kasisto Inc., nCino Inc., NVIDIA Corp., Pegasystems Inc., Quantexa Ltd., Red Hat Inc., Salesforce Inc., SAP SE, Sift Science, Inc., Temenos AG, ThetaRay Ltd., Upstart Network Inc., Verint Systems Inc., and ZestFinance 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 for enhanced customer interaction and content creation."
According to the report, one of the major drivers for this market is the imperative for 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:
- Ayasdi AI LLC
- Bud
- C3.ai Inc.
- DataRobot Inc.
- Infosys Ltd.
- International Business Machines Corp.
- Kasisto Inc.
- nCino Inc.
- NVIDIA Corp.
- Pegasystems Inc.
- Quantexa Ltd.
- Red Hat Inc.
- Salesforce Inc.
- SAP SE
- Sift Science Inc.
- Temenos AG
- ThetaRay Ltd.
- Upstart Network Inc.
- Verint Systems Inc.
- ZestFinance Inc.
