Global AI in Fintech Market By Component (Solution (Software Tools and Platform) and Services (Managed and Professional)), By Deployment Mode (Cloud and On-Premise), By Application, By Region, Competition, Forecast & Opportunities, 2024

March 2019 | 113 pages | ID: G47A8E7BEE9EN
TechSci Research

Abstracts

Global AI in Fintech market is forecast to exhibit a CAGR of 26.21% during 2019-2024, growing from $ 1.44 billion in 2018 to $ 5.67 billion by 2024, on account of technological advancements and surging penetration of internet. Fintech or financial technology is the name given to the new technological innovation that aims to compete with traditional financial methods in the delivery of financial services. Following banking sector, artificial intelligence (AI) is transforming the finance industry. Since AI helps to improve the efficiency and reduce the chances of error, the application of AI in Fintech is increasing at a rapid pace.

Global AI in Fintech market can be categorized based on component, deployment mode, application and regional analysis. In the solution sub-segment, software tools segment is anticipated to acquire the largest market share, as it helps to extract large amount of data. Based on the deployment mode, global AI in Fintech market is bifurcated into cloud and on-premise. Cloud segment is likely to register the highest CAGR in coming years, as it offers a wide range of solutions to cater to AI in Fintech market. AI in Fintech caters to various applications such as virtual assistant (chat bot), business analytics & reporting, customer behavioral analytics and others. Business analytics and reporting is the leading segment in global AI in Fintech market and is poised to grow at a high rate over the course of next five years, as it helps in the analysis of customer behavior.

Regionally, the market for AI in Fintech is gaining traction and expanding to various regions including Asia-Pacific, North America, Europe, South America and Middle East & Africa. North America is at the forefront of AI in Fintech market, on the back of high investments in R&D in the developed economies of US and Canada.

Some of the major players operating in global AI in Fintech market are IBM Corporation, Amazon Web Services, Microsoft Corporation, Nuance Communications, Inc. IPsoft Inc., etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. In 2017, MIT and IBM partnered to invest in the artificial intelligence platform.

Years considered for this report:

• Historical Years: 2014-2017
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast global AI in Fintech market size.
• To classify and forecast global AI in Fintech market based on component, deployment mode, application and regional distribution.
• To identify drivers and challenges for global AI in Fintech market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global AI in Fintech market.
• To identify and analyze the profile of leading players operating in global AI in Fintech market.

Some of the leading players operating in global AI in Fintech market are IBM Corporation, Amazon Web Services, Microsoft Corporation, Nuance Communications, Inc. IPsoft Inc., etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of solution & service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major service providers across the globe.

TechSci Research calculated global AI in Fintech market size using a bottom-up approach, where data for various Application segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• AI in Fintech solution & service providers
• Research organizations and consulting companies
• Government bodies such as regulating authorities and policymakers
• Organizations, forums and alliances related to AI in Fintech

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, global AI in Fintech market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by Component:
• Solution
• Software Tools
• Platform
• Services
• Managed
• Professional
• Marker, by Deployment Mode:
• On-premise
• Cloud
• Market, by Application:
• Business Analytics & Reporting
• Customer Behavioral Analytics
• Virtual Assistant (Chat bot)
• Others
• Market, by Region:
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Spain
• Italy
• Asia-Pacific
• China
• Japan
• Australia
• India
• Singapore
• South America
• Brazil
• Argentina
• Columbia
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global AI in Fintech market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Contents

1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. VOICE OF CUSTOMER

5. GLOBAL AI IN FINTECH MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Component (Solution (Software Tools and Platform) and Services (Managed and Professional)
  5.2.2. By Deployment Mode (Cloud and On-premise)
  5.2.3. By Application (Business Analytics & Reporting, Customer Behavioral Analytics, Virtual Assistant (Chat bot) and Others)
  5.2.4. By Company
  5.2.5. By Region
5.3. Competition Outlook

6. NORTH AMERICA AI IN FINTECH MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Component
  6.2.2. By Application
  6.2.3. By Country
6.3. North America: Country Analysis
  6.3.1. United States AI in Fintech Market Outlook
    6.3.1.1. Market Size & Forecast
      6.3.1.1.1. By Value
    6.3.1.2. Market Share & Forecast
      6.3.1.2.1. By Application
    6.3.1.3. Competition Outlook
  6.3.2. Canada AI in Fintech Market Outlook
    6.3.2.1. Market Size & Forecast
      6.3.2.1.1. By Value
    6.3.2.2. Market Share & Forecast
      6.3.2.2.1. By Application
    6.3.2.3. Competition Outlook
  6.3.3. Mexico AI in Fintech Market Outlook
    6.3.3.1. Market Size & Forecast
      6.3.3.1.1. By Value
    6.3.3.2. Market Share & Forecast
      6.3.3.2.1. By Application
    6.3.3.3. Competition Outlook

7. EUROPE AI IN FINTECH MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Component
  7.2.2. By Application
  7.2.3. By Country
7.3. Europe: Country Analysis
  7.3.1. Germany AI in Fintech Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Application
    7.3.1.3. Competition Outlook
  7.3.2. France AI in Fintech Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Application
    7.3.2.3. Competition Outlook
  7.3.3. United Kingdom AI in Fintech Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Application
    7.3.3.3. Competition Outlook
  7.3.4. Spain AI in Fintech Market Outlook
    7.3.4.1. Market Size & Forecast
      7.3.4.1.1. By Value
    7.3.4.2. Market Share & Forecast
      7.3.4.2.1. By Application
    7.3.4.3. Competition Outlook
  7.3.5. Italy AI in Fintech Market Outlook
    7.3.5.1. Market Size & Forecast
      7.3.5.1.1. By Value
    7.3.5.2. Market Share & Forecast
      7.3.5.2.1. By Application
    7.3.5.3. Competition Outlook

8. ASIA-PACIFIC AI IN FINTECH MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Component
  8.2.2. By Application
  8.2.3. By Country
8.3. Asia-Pacific: Country Analysis
  8.3.1. China AI in Fintech Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Application
    8.3.1.3. Competition Outlook
  8.3.2. Japan AI in Fintech Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Application
    8.3.2.3. Competition Outlook
  8.3.3. India AI in Fintech Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Application
    8.3.3.3. Competition Outlook
  8.3.4. Australia AI in Fintech Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Application
    8.3.4.3. Competition Outlook
  8.3.5. Singapore AI in Fintech Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Application
    8.3.5.3. Competition Outlook

9. MIDDLE EAST & AFRICA AI IN FINTECH MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Component
  9.2.2. By Application
  9.2.3. By Country
9.3. MEA: Country Analysis
  9.3.1. UAE AI in Fintech Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Application
    9.3.1.3. Competition Outlook
  9.3.2. Saudi Arabia AI in Fintech Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Application
    9.3.2.3. Competition Outlook
  9.3.3. South Africa AI in Fintech Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Application
    9.3.3.3. Competition Outlook
  9.3.4. Qatar AI in Fintech Market Outlook
    9.3.4.1. Market Size & Forecast
      9.3.4.1.1. By Value
    9.3.4.2. Market Share & Forecast
      9.3.4.2.1. By Application
    9.3.4.3. Competition Outlook

10. SOUTH AMERICA AI IN FINTECH MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Component
  10.2.2. By Application
  10.2.3. By Country
10.3. South America: Country Analysis
  10.3.1. Brazil AI in Fintech Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Application
    10.3.1.3. Competition Outlook
  10.3.2. Argentina AI in Fintech Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Application
    10.3.2.3. Competition Outlook
  10.3.3. Colombia AI in Fintech Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Application
    10.3.3.3. Competition Outlook

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenges

12. MARKET TRENDS & DEVELOPMENTS

13. COMPETITIVE LANDSCAPE

13.1. Competition Outlook
13.2. Company Profiles (Partial List of Leading Companies)
  13.2.1. IBM Corporation
  13.2.2. Amazon Web Services, Inc
  13.2.3. Microsoft Corporation
  13.2.4. Nuance Communications, Inc.
  13.2.5. IPsoft Inc.
  13.2.6. NextIT Corporation
  13.2.7. Inbenta Technologies Inc
  13.2.8. Autodesk, Inc.
  13.2.9. FANUC Corporation
  13.2.10. Hanson Robotics Limited

14. STRATEGIC RECOMMENDATIONS

List Of Tables

LIST OF TABLES

Table 1: United States AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 2: Canada AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 3: Mexico AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 4: Germany AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 5: France AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 6: United Kingdom AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 7: Spain AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 8: Italy AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 9: China AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 10: Japan AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 11: India AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 12: Australia AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 13: Singapore AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 14: UAE AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 15: Saudi Arabia AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 16: South Africa AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 17: Qatar AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 18: Brazil AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 19: Argentina AI in FinTech Market Size, By Value, 2014-2024F (USD Million)
Table 20: Colombia AI in FinTech Market Size, By Value, 2014-2024F (USD Million)

List Of Figures

LIST OF FIGURES

Figure 1: Parameters considered while deploying AI Solution (N=125)
Figure 2: Satisfaction Level for AI Solution (N=125)
Figure 3: Percent Share, By Increase in Number of AI related investments (N=125)
Figure 4: Percent Share, By Increased investment Planning on Technology (N=125)
Figure 5: Global AI in FinTech Market Size, By Value, 2014-2018 (USD Million)
Figure 6: Global AI in FinTech Market Size, By Value, 2019E-2024F (USD Million)
Figure 7: Global AI in FinTech Market Share, By Component, By Value, 2014-2024F
Figure 8: Global AI in FinTech Market Share, By Component, By Solution, By Value, 2014-2024F
Figure 9: Global AI in FinTech Market Share, By Component, By Services, By Value, 2014-2024F
Figure 10: Global AI in FinTech Market Share, By Deployment Mode, By Value, 2014-2024F
Figure 11: Global AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 12: Global AI in FinTech Market Share, By Region, By Value, 2014-2024F
Figure 13: Global AI in FinTech Market Size, By Region, By Value, 2014–2018 (USD Million)
Figure 14: Global AI in FinTech Market Size, By Region, By Value, 2019E–2024F (USD Million)
Figure 15: Global AI in FinTech Market Share, By Company, By Value, 2018
Figure 16: North America AI in FinTech Market Size, By Value, 2014-2018 (USD Million)
Figure 17: North America AI in FinTech Market Size, By Value, 2019E-2024F (USD Million)
Figure 18: North America AI in FinTech Market Share, By Component, By Value, 2014-2024F
Figure 19: North America AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 20: North America AI in FinTech Market Share, By Country, By Value, 2014-2024F
Figure 21: United States AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 22: Canada AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 23: Mexico AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 24: Europe AI in FinTech Market Size, By Value, 2014-2018 (USD Million)
Figure 25: Europe AI in FinTech Market Size, By Value, 2019E-2024F (USD Million)
Figure 26: Europe AI in FinTech Market Share, By Component, By Value, 2014-2024F
Figure 27: Europe AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 28: Europe AI in FinTech Market Share, By Country, By Value, 2014-2024F
Figure 29: Germany AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 30: France AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 31: United Kingdom AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 32: Spain AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 33: Italy AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 34: Asia-Pacific AI in FinTech Market Size, By Value, 2014-2018 (USD Million)
Figure 35: Asia-Pacific AI in FinTech Market Size, By Value, 2019E-2024F (USD Million)
Figure 36: Asia-Pacific AI in FinTech Market Share, By Component, By Value, 2014-2024F
Figure 37: Asia-Pacific AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 38: Asia-Pacific AI in FinTech Market Share, By Country, By Value, 2014-2024F
Figure 39: China AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 40: Japan AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 41: India AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 42: Australia AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 43: Singapore AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 44: Middle East & Africa AI in FinTech Market Size, By Value, 2014-2018 (USD Million)
Figure 45: Middle East & Africa AI in FinTech Market Size, By Value, 2019E-2024F (USD Million)
Figure 46: Middle East & Africa AI in FinTech Market Share, By Component, By Value, 2014-2024F
Figure 47: Middle East & Africa AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 48: Middle East & Africa AI in FinTech Market Share, By Country, By Value, 2014-2024F
Figure 49: UAE AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 50: Saudi Arabia AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 51: South Africa AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 52: Qatar AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 53: South America AI in FinTech Market Size, By Value, 2014-2018 (USD Million)
Figure 54: South America AI in FinTech Market Size, By Value, 2019E-2024F (USD Million)
Figure 55: South America AI in FinTech Market Share, By Component, By Value, 2014-2024F
Figure 56: South America AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 57: South America AI in FinTech Market Share, By Country, By Value, 2014-2024F
Figure 58: Brazil AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 59: Argentina AI in FinTech Market Share, By Application, By Value, 2014-2024F
Figure 60: Colombia AI in FinTech Market Share, By Application, By Value, 2014-2024F