Artificial Intelligence in Fintech Market: Global Analysis and Growth Forecast to 2027
Report Highlights
The global artificial intelligence (AI) in fintech market should reach $42.0 billion by 2027 from $14.7 billion in 2022 at a compound annual growth rate (CAGR) of 23.4% for the forecast period of 2022 to 2027.
Report Includes
- 47 data tables and 24 additional tables
- A comprehensive overview and up-to-date analysis of the current and future global markets for artificial intelligence (AI) in the financial services industry
- Analyses of the global market trends, with market revenue data for 2021, estimates for 2022, 2023 and 2025, and projections of compound annual growth rates (CAGRs) through 2027
- Global market outlook and estimation of the actual market size for AI in Fintech, revenue forecast, and corresponding market share analysis based on component, deployment, application, and region
- Assessment of the key growth driving factors and constraints that will shape the market for AI in financial services, as the basis for projecting demand over the next five years (2022-2027)
- Identification of the companies best positioned to meet this demand owing to or in conjunction with their proprietary technologies, product launches, M&A deals, and other market strategic advantages
- Coverage of the technological, economic, and business considerations of the AI in Fintech market, with analyses and growth forecasts through 2027
- Analysis of the vendor landscape and the global company share analysis of the companies based on their segmental revenues
- Descriptive company profiles of the leading global players, including Affirm Inc., IBM Corp., Microsoft Corp. and Salesforce.com Inc.
Report Scope
The scope of the report includes the global market of commercially deployed AI solutions and services in the financial industry.
- AI-based products that are in the pilot phase or are live for demonstration purposes have not been considered in the calculation of the overall market size.
- The market size includes the market for AI in terms of fintech components, deployment, application and organization size.
- The final market estimates and forecasts from industry experts are also aligned with the size of the global market in the report.
- AI-based software, solutions and services are not considered in the report.
Frequently Asked Questions (FAQs)
• The report provides a broad overview of artificial intelligence in fintech market with comprehensive coverage of new AI applications in fintech industry. The report covers all segmentation in terms of geographic regions, component, deployment, and application. This report also covers the competitive landscape chapter which helps the readers to adopt the right business strategies for the business.
• The qualitative and quantitative information for every segment with detailed analysis.
• The latest trends and technologies for each market segment.
• Impact of COVID-19 on artificial intelligence in fintech market.
• In-depth profiling of key market players.
• Porter’s Five Force Analysis.
• Latest product development and business strategies of each player.
• Growing adoption artificial intelligence technology with machine learning and big data
• Increasing number of internet and mobile phone users
• Increasing number of cybercrimes economies
• The report will provide information on the latest development in artificial intelligence in fintech market which will be helpful in making better decisions for the intended audience.
• Banks and financial institutions
• Artificial intelligence solutions and services providers
• Stock exchange and trade unions
• Insurance firms
• End-users such as large enterprise and small and medium business (SMB) in BFSI sector
• Alphabet Inc.
• Cisco Systems, Inc.
• SAP SE
• International Business Machines Corporation
• Cognizant
• What key shifts/opportunities have been identified through the research?
o Increasing mobile workforce will surge further innovation in the fintech market.
o Increasing usage of AI-enabled technological solution in the capital market.
• Please provide 3 key stats can be taken from the report for visual repurposing:
1. Alphabet Inc. will invest $10 billion to develop products and services and help businesses to go digital in India. Moreover, the company’s investment will be made through the Google for India Digitization Fund.
2. Velas Network, which aims to boost blockchain adoption, has raised $135m in fresh funding, alongside a partnership with Bahamas-based digital asset investment firm GEM Group. This capital will enable Velas to accelerate its ecosystem growth and further the development of its blockchain.
3. Inclined, a FinTech aiming to help whole life insurance policyholders realize more value of their policies, has raised $15m in Series A funding. The round was led by HSCM Ventures, with participation from Anthemis Group as well as several new and existing investors.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Synopsis
| Report Metrics | Details |
| Base year considered | 2021 |
| Forecast period considered | 2022 to 2027 |
| Base year market size | $12.5 billion |
| Market size forecast | $42.0 billion |
| Growth rate | CAGR of 23.4% for the forecast period of 2022-2027 |
| Units considered | $ Millions |
| Segments covered | Component, Deployment, and Application |
| Regions covered | North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa |
| Countries covered | U.S., Canada, U.K., Germany, Rest of Europe, China, India, Japan, Rest of Asia-Pacific, Brazil, Mexico, and Rest of Latin America |
| Key Market Drivers |
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| Companies studied |
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