Cover Image
Market Research Report
Product code 
1058301

AI in Fintech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Published: | IMARC Services Private Limited | 143 Pages | Delivery time: 2-3 business days

Price

Back to Top
AI in Fintech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Published: February 12, 2022
IMARC Services Private Limited
Content info: 143 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

The global AI in fintech market reached a value of US$ 9.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 36.1 Billion by 2027, exhibiting a CAGR of 26.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Fintech, or financial technology, refers to the integration of advanced technologies with financial services to enhance or automate banking and investing operations. Artificial intelligence (AI) is widely used in financial institutions for detecting and preventing frauds through digital banking channels. It involves digital lending, credit scoring, mobile banking, asset management, insurance and trading processes. AI in fintech is also utilized for operating robo-advisors to provide financial planning services based on the goals, risk tolerance, financial standing, budget and spending patterns of the individuals. It also identifies any personally identifiable information (PII) leaked on the dark web and undertakes necessary actions to secure the data.

AI in Fintech Market Trends:

  • The rapid digitization of the banking, financial services and insurance (BFSI) industry across the globe is one of the key factors driving the growth of the market. AI in fintech is widely used for operating virtual assistance, debt collection, sentiment and predictive analysis, reporting and customer behavior analysis. It enhances efficiency, minimizes the chances of human error and can process large volumes of data in a shirt period. In line with this, AI also assists in the automated and real-time examination of cash, credit, and investment accounts for analyzing the financial health of the individual and generating customized insights for future growth. Additionally, various technological advancements, such as the integration of fintech solutions with machine learning (ML), neural network, big data and evolutionary algorithms, are acting as other growth-inducing factors. These technologies provide enhanced monitoring of financial transactions, risk management, speech recognition and secured network access to the banking institutions. Other factors, including the increasing utilization of smart contracts for financial processes, along with significant improvements in the information technology (IT) infrastructure, are anticipated to drive the market toward growth.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global AI in fintech market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, deployment model and application.

Breakup by Type:

  • Solutions
  • Services

Breakup by Deployment Model:

  • Cloud-based
  • On-premises

Breakup by Application:

  • Virtual Assistant (Chatbots)
  • Credit Scoring
  • Quantitative and Asset Management
  • Fraud Detection
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc), Google LLC (Alphabet Inc.), Inbenta Technologies Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Salesforce.com Inc., Samsung Electronics Co. Ltd., TIBCO Software Inc., Trifacta and Verint Systems Inc. Key Questions Answered in This Report:

  • How has the global AI in fintech market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global AI in fintech market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the deployment model?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global AI in fintech market and who are the key players?
  • What is the degree of competition in the industry?
Product Code: SR0222A150_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global AI in Fintech Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Solutions
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Services
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Deployment Model

  • 7.1 Cloud-based
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 On-premises
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Virtual Assistant (Chatbots)
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Credit Scoring
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Quantitative and Asset Management
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Fraud Detection
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Others
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Amazon Web Services Inc. (Amazon.com Inc)
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 SWOT Analysis
    • 14.3.2 Google LLC (Alphabet Inc.)
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
    • 14.3.3 Inbenta Technologies Inc.
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 SWOT Analysis
    • 14.3.4 Intel Corporation
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
    • 14.3.5 International Business Machines Corporation
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 Microsoft Corporation
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 Salesforce.com Inc.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 Samsung Electronics Co. Ltd.
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis
    • 14.3.9 TIBCO Software Inc.
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
      • 14.3.9.4 SWOT Analysis
    • 14.3.10 Trifacta
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 SWOT Analysis
    • 14.3.11 Verint Systems Inc.
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio

List of Figures

  • Figure 1: Global: AI in Fintech Market: Major Drivers and Challenges
  • Figure 2: Global: AI in Fintech Market: Sales Value (in Billion US$), 2016-2021
  • Figure 3: Global: AI in Fintech Market Forecast: Sales Value (in Billion US$), 2022-2027
  • Figure 4: Global: AI in Fintech Market: Breakup by Type (in %), 2021
  • Figure 5: Global: AI in Fintech Market: Breakup by Deployment Model (in %), 2021
  • Figure 6: Global: AI in Fintech Market: Breakup by Application (in %), 2021
  • Figure 7: Global: AI in Fintech Market: Breakup by Region (in %), 2021
  • Figure 8: Global: AI in Fintech (Solutions) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 9: Global: AI in Fintech (Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 10: Global: AI in Fintech (Services) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 11: Global: AI in Fintech (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 12: Global: AI in Fintech (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 13: Global: AI in Fintech (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 14: Global: AI in Fintech (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 15: Global: AI in Fintech (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 16: Global: AI in Fintech (Virtual Assistant-Chatbots) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 17: Global: AI in Fintech (Virtual Assistant-Chatbots) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 18: Global: AI in Fintech (Credit Scoring) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 19: Global: AI in Fintech (Credit Scoring) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 20: Global: AI in Fintech (Quantitative and Asset Management) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 21: Global: AI in Fintech (Quantitative and Asset Management) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 22: Global: AI in Fintech (Fraud Detection) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 23: Global: AI in Fintech (Fraud Detection) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 24: Global: AI in Fintech (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 25: Global: AI in Fintech (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 26: North America: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 27: North America: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 28: United States: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 29: United States: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 30: Canada: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 31: Canada: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 32: Asia-Pacific: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 33: Asia-Pacific: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 34: China: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 35: China: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 36: Japan: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 37: Japan: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 38: India: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 39: India: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 40: South Korea: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 41: South Korea: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 42: Australia: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 43: Australia: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 44: Indonesia: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 45: Indonesia: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 46: Others: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 47: Others: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 48: Europe: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 49: Europe: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 50: Germany: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 51: Germany: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 52: France: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 53: France: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 54: United Kingdom: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 55: United Kingdom: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 56: Italy: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 57: Italy: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 58: Spain: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 59: Spain: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 60: Russia: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 61: Russia: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 62: Others: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 63: Others: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 64: Latin America: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 65: Latin America: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 66: Brazil: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 67: Brazil: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 68: Mexico: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 69: Mexico: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 70: Others: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 71: Others: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 72: Middle East and Africa: AI in Fintech Market: Sales Value (in Million US$), 2016 & 2021
  • Figure 73: Middle East and Africa: AI in Fintech Market: Breakup by Country (in %), 2021
  • Figure 74: Middle East and Africa: AI in Fintech Market Forecast: Sales Value (in Million US$), 2022-2027
  • Figure 75: Global: AI in Fintech Industry: SWOT Analysis
  • Figure 76: Global: AI in Fintech Industry: Value Chain Analysis
  • Figure 77: Global: AI in Fintech Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: AI in Fintech Market: Key Industry Highlights, 2021 and 2027
  • Table 2: Global: AI in Fintech Market Forecast: Breakup by Type (in Million US$), 2022-2027
  • Table 3: Global: AI in Fintech Market Forecast: Breakup by Deployment Model (in Million US$), 2022-2027
  • Table 4: Global: AI in Fintech Market Forecast: Breakup by Application (in Million US$), 2022-2027
  • Table 5: Global: AI in Fintech Market Forecast: Breakup by Region (in Million US$), 2022-2027
  • Table 6: Global: AI in Fintech Market: Competitive Structure
  • Table 7: Global: AI in Fintech Market: Key Players