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BFSI Artificial Intelligence Market, Global Outlook and Forecast 2022-2028

March 2022 | 67 pages | ID: B48D32F5DBA4EN
Market Monitor Global

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In computer science, artificial intelligence (AI), sometimes called machine intelligence, is intelligence demonstrated by machines, in contrast to the natural intelligence displayed by humans. Colloquially, the term 'artificial intelligence' is often used to describe machines (or computers) that mimic 'cognitive' functions that humans associate with the human mind, such as 'learning' and 'problem solving'.

This report contains market size and forecasts of BFSI Artificial Intelligence in Global, including the following market information:

Global BFSI Artificial Intelligence Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global BFSI Artificial Intelligence market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Recommendation Engines Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of BFSI Artificial Intelligence include Amazon Web Services, Inc., Google LLC, IBM Corp., Microsoft Corp. and Oracle Corp., etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the BFSI Artificial Intelligence companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global BFSI Artificial Intelligence Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global BFSI Artificial Intelligence Market Segment Percentages, by Type, 2021 (%)
  • Recommendation Engines
  • Chatbots
  • Predictive Analytics
  • Others
Global BFSI Artificial Intelligence Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global BFSI Artificial Intelligence Market Segment Percentages, by Application, 2021 (%)
  • Banking
  • Investment and Securities Management
  • Insurance
Global BFSI Artificial Intelligence Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global BFSI Artificial Intelligence Market Segment Percentages, By Region and Country, 2021 (%)
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Russia
    • Nordic Countries
    • Benelux
    • Rest of Europe
  • Asia
    • China
    • Japan
    • South Korea
    • Southeast Asia
    • India
    • Rest of Asia
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • Turkey
    • Israel
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies BFSI Artificial Intelligence revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies BFSI Artificial Intelligence revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:
  • Amazon Web Services, Inc.
  • Google LLC
  • IBM Corp.
  • Microsoft Corp.
  • Oracle Corp.
1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 BFSI Artificial Intelligence Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global BFSI Artificial Intelligence Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL BFSI ARTIFICIAL INTELLIGENCE OVERALL MARKET SIZE

2.1 Global BFSI Artificial Intelligence Market Size: 2021 VS 2028
2.2 Global BFSI Artificial Intelligence Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top BFSI Artificial Intelligence Players in Global Market
3.2 Top Global BFSI Artificial Intelligence Companies Ranked by Revenue
3.3 Global BFSI Artificial Intelligence Revenue by Companies
3.4 Top 3 and Top 5 BFSI Artificial Intelligence Companies in Global Market, by Revenue in 2021
3.5 Global Companies BFSI Artificial Intelligence Product Type
3.6 Tier 1, Tier 2 and Tier 3 BFSI Artificial Intelligence Players in Global Market
  3.6.1 List of Global Tier 1 BFSI Artificial Intelligence Companies
  3.6.2 List of Global Tier 2 and Tier 3 BFSI Artificial Intelligence Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global BFSI Artificial Intelligence Market Size Markets, 2021 & 2028
  4.1.2 Recommendation Engines
  4.1.3 Chatbots
  4.1.4 Predictive Analytics
  4.1.5 Others
4.2 By Type - Global BFSI Artificial Intelligence Revenue & Forecasts
  4.2.1 By Type - Global BFSI Artificial Intelligence Revenue, 2017-2022
  4.2.2 By Type - Global BFSI Artificial Intelligence Revenue, 2023-2028
  4.2.3 By Type - Global BFSI Artificial Intelligence Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global BFSI Artificial Intelligence Market Size, 2021 & 2028
  5.1.2 Banking
  5.1.3 Investment and Securities Management
  5.1.4 Insurance
5.2 By Application - Global BFSI Artificial Intelligence Revenue & Forecasts
  5.2.1 By Application - Global BFSI Artificial Intelligence Revenue, 2017-2022
  5.2.2 By Application - Global BFSI Artificial Intelligence Revenue, 2023-2028
  5.2.3 By Application - Global BFSI Artificial Intelligence Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global BFSI Artificial Intelligence Market Size, 2021 & 2028
6.2 By Region - Global BFSI Artificial Intelligence Revenue & Forecasts
  6.2.1 By Region - Global BFSI Artificial Intelligence Revenue, 2017-2022
  6.2.2 By Region - Global BFSI Artificial Intelligence Revenue, 2023-2028
  6.2.3 By Region - Global BFSI Artificial Intelligence Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America BFSI Artificial Intelligence Revenue, 2017-2028
  6.3.2 US BFSI Artificial Intelligence Market Size, 2017-2028
  6.3.3 Canada BFSI Artificial Intelligence Market Size, 2017-2028
  6.3.4 Mexico BFSI Artificial Intelligence Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe BFSI Artificial Intelligence Revenue, 2017-2028
  6.4.2 Germany BFSI Artificial Intelligence Market Size, 2017-2028
  6.4.3 France BFSI Artificial Intelligence Market Size, 2017-2028
  6.4.4 U.K. BFSI Artificial Intelligence Market Size, 2017-2028
  6.4.5 Italy BFSI Artificial Intelligence Market Size, 2017-2028
  6.4.6 Russia BFSI Artificial Intelligence Market Size, 2017-2028
  6.4.7 Nordic Countries BFSI Artificial Intelligence Market Size, 2017-2028
  6.4.8 Benelux BFSI Artificial Intelligence Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia BFSI Artificial Intelligence Revenue, 2017-2028
  6.5.2 China BFSI Artificial Intelligence Market Size, 2017-2028
  6.5.3 Japan BFSI Artificial Intelligence Market Size, 2017-2028
  6.5.4 South Korea BFSI Artificial Intelligence Market Size, 2017-2028
  6.5.5 Southeast Asia BFSI Artificial Intelligence Market Size, 2017-2028
  6.5.6 India BFSI Artificial Intelligence Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America BFSI Artificial Intelligence Revenue, 2017-2028
  6.6.2 Brazil BFSI Artificial Intelligence Market Size, 2017-2028
  6.6.3 Argentina BFSI Artificial Intelligence Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa BFSI Artificial Intelligence Revenue, 2017-2028
  6.7.2 Turkey BFSI Artificial Intelligence Market Size, 2017-2028
  6.7.3 Israel BFSI Artificial Intelligence Market Size, 2017-2028
  6.7.4 Saudi Arabia BFSI Artificial Intelligence Market Size, 2017-2028
  6.7.5 UAE BFSI Artificial Intelligence Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 Amazon Web Services, Inc.
  7.1.1 Amazon Web Services, Inc. Corporate Summary
  7.1.2 Amazon Web Services, Inc. Business Overview
  7.1.3 Amazon Web Services, Inc. BFSI Artificial Intelligence Major Product Offerings
  7.1.4 Amazon Web Services, Inc. BFSI Artificial Intelligence Revenue in Global Market (2017-2022)
  7.1.5 Amazon Web Services, Inc. Key News
7.2 Google LLC
  7.2.1 Google LLC Corporate Summary
  7.2.2 Google LLC Business Overview
  7.2.3 Google LLC BFSI Artificial Intelligence Major Product Offerings
  7.2.4 Google LLC BFSI Artificial Intelligence Revenue in Global Market (2017-2022)
  7.2.5 Google LLC Key News
7.3 IBM Corp.
  7.3.1 IBM Corp. Corporate Summary
  7.3.2 IBM Corp. Business Overview
  7.3.3 IBM Corp. BFSI Artificial Intelligence Major Product Offerings
  7.3.4 IBM Corp. BFSI Artificial Intelligence Revenue in Global Market (2017-2022)
  7.3.5 IBM Corp. Key News
7.4 Microsoft Corp.
  7.4.1 Microsoft Corp. Corporate Summary
  7.4.2 Microsoft Corp. Business Overview
  7.4.3 Microsoft Corp. BFSI Artificial Intelligence Major Product Offerings
  7.4.4 Microsoft Corp. BFSI Artificial Intelligence Revenue in Global Market (2017-2022)
  7.4.5 Microsoft Corp. Key News
7.5 Oracle Corp.
  7.5.1 Oracle Corp. Corporate Summary
  7.5.2 Oracle Corp. Business Overview
  7.5.3 Oracle Corp. BFSI Artificial Intelligence Major Product Offerings
  7.5.4 Oracle Corp. BFSI Artificial Intelligence Revenue in Global Market (2017-2022)
  7.5.5 Oracle Corp. Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

LIST OF TABLES

Table 1. BFSI Artificial Intelligence Market Opportunities & Trends in Global Market
Table 2. BFSI Artificial Intelligence Market Drivers in Global Market
Table 3. BFSI Artificial Intelligence Market Restraints in Global Market
Table 4. Key Players of BFSI Artificial Intelligence in Global Market
Table 5. Top BFSI Artificial Intelligence Players in Global Market, Ranking by Revenue (2021)
Table 6. Global BFSI Artificial Intelligence Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global BFSI Artificial Intelligence Revenue Share by Companies, 2017-2022
Table 8. Global Companies BFSI Artificial Intelligence Product Type
Table 9. List of Global Tier 1 BFSI Artificial Intelligence Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 BFSI Artificial Intelligence Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global BFSI Artificial Intelligence Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - BFSI Artificial Intelligence Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - BFSI Artificial Intelligence Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global BFSI Artificial Intelligence Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - BFSI Artificial Intelligence Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - BFSI Artificial Intelligence Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global BFSI Artificial Intelligence Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global BFSI Artificial Intelligence Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global BFSI Artificial Intelligence Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America BFSI Artificial Intelligence Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe BFSI Artificial Intelligence Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia BFSI Artificial Intelligence Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America BFSI Artificial Intelligence Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa BFSI Artificial Intelligence Revenue, (US$, Mn), 2023-2028
Table 30. Amazon Web Services, Inc. Corporate Summary
Table 31. Amazon Web Services, Inc. BFSI Artificial Intelligence Product Offerings
Table 32. Amazon Web Services, Inc. BFSI Artificial Intelligence Revenue (US$, Mn), (2017-2022)
Table 33. Google LLC Corporate Summary
Table 34. Google LLC BFSI Artificial Intelligence Product Offerings
Table 35. Google LLC BFSI Artificial Intelligence Revenue (US$, Mn), (2017-2022)
Table 36. IBM Corp. Corporate Summary
Table 37. IBM Corp. BFSI Artificial Intelligence Product Offerings
Table 38. IBM Corp. BFSI Artificial Intelligence Revenue (US$, Mn), (2017-2022)
Table 39. Microsoft Corp. Corporate Summary
Table 40. Microsoft Corp. BFSI Artificial Intelligence Product Offerings
Table 41. Microsoft Corp. BFSI Artificial Intelligence Revenue (US$, Mn), (2017-2022)
Table 42. Oracle Corp. Corporate Summary
Table 43. Oracle Corp. BFSI Artificial Intelligence Product Offerings
Table 44. Oracle Corp. BFSI Artificial Intelligence Revenue (US$, Mn), (2017-2022)

LIST OF FIGURES

Figure 1. BFSI Artificial Intelligence Segment by Type in 2021
Figure 2. BFSI Artificial Intelligence Segment by Application in 2021
Figure 3. Global BFSI Artificial Intelligence Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global BFSI Artificial Intelligence Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global BFSI Artificial Intelligence Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by BFSI Artificial Intelligence Revenue in 2021
Figure 8. By Type - Global BFSI Artificial Intelligence Revenue Market Share, 2017-2028
Figure 9. By Application - Global BFSI Artificial Intelligence Revenue Market Share, 2017-2028
Figure 10. By Region - Global BFSI Artificial Intelligence Revenue Market Share, 2017-2028
Figure 11. By Country - North America BFSI Artificial Intelligence Revenue Market Share, 2017-2028
Figure 12. US BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 13. Canada BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe BFSI Artificial Intelligence Revenue Market Share, 2017-2028
Figure 16. Germany BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 17. France BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 19. Italy BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 20. Russia BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia BFSI Artificial Intelligence Revenue Market Share, 2017-2028
Figure 24. China BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 25. Japan BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 28. India BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America BFSI Artificial Intelligence Revenue Market Share, 2017-2028
Figure 30. Brazil BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa BFSI Artificial Intelligence Revenue Market Share, 2017-2028
Figure 33. Turkey BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 34. Israel BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 36. UAE BFSI Artificial Intelligence Revenue, (US$, Mn), 2017-2028
Figure 37. Amazon Web Services, Inc. BFSI Artificial Intelligence Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Google LLC BFSI Artificial Intelligence Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. IBM Corp. BFSI Artificial Intelligence Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Microsoft Corp. BFSI Artificial Intelligence Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Oracle Corp. BFSI Artificial Intelligence Revenue Year Over Year Growth (US$, Mn) & (2017-2022)



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