AI in Fintech Market, by Component (Solution, Service), Deployment Mode (Cloud, On-Premises), Application Area (Virtual Assistant (Chatbots), Business Analytics and Reporting, Customer Behavioral Analytics, Others) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022
Artificial Intelligence (AI) is helping fintech companies to solve human problems, by increasing business efficiency and by methods derived from human intelligence. AI in fintech is improving the business processes of the financial service providers.
Technologies like Machine Learning, Artificial Intelligence (AI), Neural Networks, Big Data Analytics, evolutionary algorithms, and much more have allowed computers to crunch huge varied, and extensive datasets. The AI in Fintech Market is growing substantially because of growing internet usage and availability of spatial data.
AI helps to analyze business and customer behavior, and aids in regulatory and compliance management. This report studies the current and future aspects of AI in Fintech Market.
The report on the global AI in Fintech Market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions.
It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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The global AI in fintech market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor for the AI in fintech market.
The region continues to dominate during the forecasted period because of use of AI in developed economies like U.S. and Canada, and focus on R&D for innovations in AI technology.
Next in line is the Asia-Pacific region which is witnessing a rapid market growth because of the advancement in technology and rapid expansion of domestic enterprises across the financial sector.
This report analyzes the AI in Fintech Market by the following segments:
- AI in Fintech Market, by Component
- AI in Fintech Market, by Deployment Mode
- AI in Fintech Market, by Application Area
- Virtual Assistant (Chatbots)
- Business Analytics and Reporting
- Customer Behavioral Analytics
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