PUBLISHER: KBV Research | PRODUCT CODE: 1093527
PUBLISHER: KBV Research | PRODUCT CODE: 1093527
LAMEA Smart Finance Technologies Market Size, Share & Industry Trends Analysis Report By Type (Smart Finance Platforms, Smart Finance Connectivity, Smart Finance Hardware, and Smart Finance Services), By Country and Growth Forecast, 2022 - 2028
The Latin America, Middle East and Africa Smart Finance Technologies Market would witness market growth of 6.3% CAGR during the forecast period (2022-2028).
Artificial intelligence applications will pervade the financial industry's front, middle, and back offices. Tailor-made products, personalized user experiences, and analytics services, intelligent service robots and chat interfaces, market trackers, automated transactions, and robot-advisors, as well as alternative credit ratings based on non-financial data and facial recognition authentication, are all examples of customer-facing applications. Smart procedures, increased information representation tools (epitomized by knowledge graphs), and natural language processing for fraud detection are among the middle and back-office applications.
Many financial institutions are still only using AI in sporadic and scattered ways, focusing on certain use cases or verticals. Leaders in the banking business, on the other hand, are using AI to alter their operations across the whole lifecycle of their digital operations. Specifically, the financial industry is realizing that algorithms are only as good as the data they use. The focus is shifting to acquiring a competitive edge from previously underutilized consumer behavior data gathered through traditional operations.
The UAE has a strong banking sector, which is governed onshore by the UAE Central Bank, which was founded in 1980. The Central Bank directs and oversees monetary, credit, and banking policy in conformity with the state's overall policy, with the goal of supporting the national economy and currency stability. It manages the UAE government's gold and foreign currency reserves, functions as a bank for UAE-based banks, and acts as the UAE's financial agent at international financial institutions.
Islamic, commercial (merchant or investment), and industrial banks are the four types of banks in the UAE. Given the size of the population, many commentators believe the onshore banking sector is overcrowded. Local banks, the majority of which are state-owned, dominate the market. The 23 licensed local banks owned more than 85% of the sector's total gross assets and 90% of its branch network as of April 2017. Furthermore, the Central Bank identifies 26 international banks with 85 branches as licensed.
The Brazil market dominated the LAMEA Smart Finance Technologies Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $11.1 Million by 2028. The Argentina market is poised to grow at a CAGR of 6.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 6.1% during (2022 - 2028).
Based on Type, the market is segmented into Smart Finance Platforms, Smart Finance Connectivity, Smart Finance Hardware, and Smart Finance Services. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Fujitsu Limited, Diebold Nixdorf, Inc., IMS Evolve, Miles Technologies, Inc., Zicom SaaS Pvt. Ltd., Zoho Corporation Pvt. ltd., GRGBanking Equipment Co., Ltd., Dialog Axiata PLC, and Virtusa Corporation.
Scope of the Study
Market Segments covered in the Report:
By Type
- Smart Finance Platforms
- Smart Finance Connectivity
- Smart Finance Hardware
- Smart Finance Services
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Intel Corporation
- Fujitsu Limited
- Diebold Nixdorf, Inc.
- IMS Evolve
- Miles Technologies, Inc.
- Zicom SaaS Pvt. Ltd.
- Zoho Corporation Pvt. ltd.
- GRGBanking Equipment Co., Ltd.
- Dialog Axiata PLC
- Virtusa Corporation
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- Highest number of market tables and figures
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Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 LAMEA Smart Finance Technologies Market, by Type
- 1.4.2 LAMEA Smart Finance Technologies Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.1.1 Overview
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
Chapter 3. LAMEA Smart Finance Technologies Market by Type
- 3.1 LAMEA Smart Finance Platforms Market by Country
- 3.2 LAMEA Smart Finance Connectivity Market by Country
- 3.3 LAMEA Smart Finance Hardware Market by Country
- 3.4 LAMEA Smart Finance Services Market by Country
Chapter 4. LAMEA Smart Finance Technologies Market by Country
- 4.1 Brazil Smart Finance Technologies Market
- 4.1.1 Brazil Smart Finance Technologies Market by Type
- 4.2 Argentina Smart Finance Technologies Market
- 4.2.1 Argentina Smart Finance Technologies Market by Type
- 4.3 UAE Smart Finance Technologies Market
- 4.3.1 UAE Smart Finance Technologies Market by Type
- 4.4 Saudi Arabia Smart Finance Technologies Market
- 4.4.1 Saudi Arabia Smart Finance Technologies Market by Type
- 4.5 South Africa Smart Finance Technologies Market
- 4.5.1 South Africa Smart Finance Technologies Market by Type
- 4.6 Nigeria Smart Finance Technologies Market
- 4.6.1 Nigeria Smart Finance Technologies Market by Type
- 4.7 Rest of LAMEA Smart Finance Technologies Market
- 4.7.1 Rest of LAMEA Smart Finance Technologies Market by Type
Chapter 5. Company Profiles
- 5.1 Intel Corporation
- 5.1.1 Company Overview
- 5.1.2 Financial Analysis
- 5.1.3 Segmental and Regional Analysis
- 5.1.4 Research & Development Expenses
- 5.1.5 SWOT Analysis
- 5.2 Fujitsu Limited
- 5.2.1 Company Overview
- 5.2.2 Financial Analysis
- 5.2.3 SWOT Analysis
- 5.3 Diebold Nixdorf, Inc.
- 5.3.1 Company Overview
- 5.3.2 Financial Analysis
- 5.3.3 Segmental and Regional Analysis
- 5.3.4 Research & Development Expense
- 5.3.5 Recent strategies and developments:
- 5.3.5.1 Partnerships, Collaborations, and Agreements:
- 5.4 IMS Evolve
- 5.4.1 Company Overview
- 5.5 Miles Technologies, Inc.
- 5.5.1 Company Overview
- 5.6 Zicom SaaS Pvt. Ltd.
- 5.6.1 Company Overview
- 5.7 Zoho Corporation Pvt. Ltd. (WebNMS)
- 5.7.1 Company Overview
- 5.8 GRGBanking Equipment Co., Ltd.
- 5.8.1 Company Overview
- 5.9 Dialog Axiata PLC
- 5.9.1 Company Overview
- 5.9.2 Financial Analysis
- 5.9.3 Segmental Analysis
- 5.10. Virtusa Corporation
- 5.10.1 Company Overview
- 5.10.2 Recent strategies and developments:
- 5.10.2.1 Partnerships, Collaborations, and Agreements:
LIST OF TABLES
- TABLE 1 Asia Pacific Smart Finance Technologies Market, 2018 - 2021, USD Million
- TABLE 2 Asia Pacific Smart Finance Technologies Market, 2022 - 2028, USD Million
- TABLE 3 Asia Pacific Smart Finance Technologies Market by Type, 2018 - 2021, USD Million
- TABLE 4 Asia Pacific Smart Finance Technologies Market by Type, 2022 - 2028, USD Million
- TABLE 5 Asia Pacific Smart Finance Platforms Market by Country, 2018 - 2021, USD Million
- TABLE 6 Asia Pacific Smart Finance Platforms Market by Country, 2022 - 2028, USD Million
- TABLE 7 Asia Pacific Smart Finance Connectivity Market by Country, 2018 - 2021, USD Million
- TABLE 8 Asia Pacific Smart Finance Connectivity Market by Country, 2022 - 2028, USD Million
- TABLE 9 Asia Pacific Smart Finance Hardware Market by Country, 2018 - 2021, USD Million
- TABLE 10 Asia Pacific Smart Finance Hardware Market by Country, 2022 - 2028, USD Million
- TABLE 11 Asia Pacific Smart Finance Services Market by Country, 2018 - 2021, USD Million
- TABLE 12 Asia Pacific Smart Finance Services Market by Country, 2022 - 2028, USD Million
- TABLE 13 Asia Pacific Smart Finance Technologies Market by Country, 2018 - 2021, USD Million
- TABLE 14 Asia Pacific Smart Finance Technologies Market by Country, 2022 - 2028, USD Million
- TABLE 15 China Smart Finance Technologies Market, 2018 - 2021, USD Million
- TABLE 16 China Smart Finance Technologies Market, 2022 - 2028, USD Million
- TABLE 17 China Smart Finance Technologies Market by Type, 2018 - 2021, USD Million
- TABLE 18 China Smart Finance Technologies Market by Type, 2022 - 2028, USD Million
- TABLE 19 Japan Smart Finance Technologies Market, 2018 - 2021, USD Million
- TABLE 20 Japan Smart Finance Technologies Market, 2022 - 2028, USD Million
- TABLE 21 Japan Smart Finance Technologies Market by Type, 2018 - 2021, USD Million
- TABLE 22 Japan Smart Finance Technologies Market by Type, 2022 - 2028, USD Million
- TABLE 23 India Smart Finance Technologies Market, 2018 - 2021, USD Million
- TABLE 24 India Smart Finance Technologies Market, 2022 - 2028, USD Million
- TABLE 25 India Smart Finance Technologies Market by Type, 2018 - 2021, USD Million
- TABLE 26 India Smart Finance Technologies Market by Type, 2022 - 2028, USD Million
- TABLE 27 South Korea Smart Finance Technologies Market, 2018 - 2021, USD Million
- TABLE 28 South Korea Smart Finance Technologies Market, 2022 - 2028, USD Million
- TABLE 29 South Korea Smart Finance Technologies Market by Type, 2018 - 2021, USD Million
- TABLE 30 South Korea Smart Finance Technologies Market by Type, 2022 - 2028, USD Million
- TABLE 31 Singapore Smart Finance Technologies Market, 2018 - 2021, USD Million
- TABLE 32 Singapore Smart Finance Technologies Market, 2022 - 2028, USD Million
- TABLE 33 Singapore Smart Finance Technologies Market by Type, 2018 - 2021, USD Million
- TABLE 34 Singapore Smart Finance Technologies Market by Type, 2022 - 2028, USD Million
- TABLE 35 Malaysia Smart Finance Technologies Market, 2018 - 2021, USD Million
- TABLE 36 Malaysia Smart Finance Technologies Market, 2022 - 2028, USD Million
- TABLE 37 Malaysia Smart Finance Technologies Market by Type, 2018 - 2021, USD Million
- TABLE 38 Malaysia Smart Finance Technologies Market by Type, 2022 - 2028, USD Million
- TABLE 39 Rest of Asia Pacific Smart Finance Technologies Market, 2018 - 2021, USD Million
- TABLE 40 Rest of Asia Pacific Smart Finance Technologies Market, 2022 - 2028, USD Million
- TABLE 41 Rest of Asia Pacific Smart Finance Technologies Market by Type, 2018 - 2021, USD Million
- TABLE 42 Rest of Asia Pacific Smart Finance Technologies Market by Type, 2022 - 2028, USD Million
- TABLE 43 Key Information - Intel Corporation
- TABLE 44 Key Information - Fujitsu Limited
- TABLE 45 Key Information - Diebold Nixdorf, Inc.
- TABLE 46 Key Information - IMS Evolve
- TABLE 47 Key Information - Miles Technologies, Inc.
- TABLE 48 Key Information - Zicom SaaS Pvt. Ltd.
- TABLE 49 Key Information - Zoho Corporation Pvt. Ltd.
- TABLE 50 Key Information - GRGBanking Equipment Co., Ltd.
- TABLE 51 Key Information - Dialog Axiata PLC
- TABLE 52 Key Information - Virtusa Corporation
List of Figures
- FIG 1 Methodology for the research
- FIG 2 SWOT analysis: Intel corporation
- FIG 3 SWOT Analysis: Fujitsu Limited
