PUBLISHER: KBV Research | PRODUCT CODE: 1101701
PUBLISHER: KBV Research | PRODUCT CODE: 1101701
North America Artificial Intelligence In Fintech Market Size, Share & Industry Trends Analysis Report By Component (Solutions and Services), By Deployment (On-premise and Cloud), By Application, By Country and Growth Forecast, 2022 - 2028
The North America Artificial Intelligence In Fintech Market would witness market growth of 16.1% CAGR during the forecast period (2022-2028).
Artificial intelligence has enhanced customer service, which is among the most visible sectors of FinTech. In addition, artificial intelligence has advanced to the point that chatbots, virtual assistants, and artificial intelligence interfaces can effectively engage with customers. The capacity to answer basic questions has a huge impact on front-office and help-desk expenditures.
Algorithmic trading analyses data using a pre-programmed sequence of commands, enabling faster decision-making than humans. This is accomplished using machine learning, which is among the most adaptable AI technologies. In the financial industry, artificial intelligence has a lot of potential. It can assist a firm in a variety of ways, including increasing efficiency, lowering expenses, and automating procedures.
North America is among the world's largest and leading AI markets. Owing to the strong economy, the existence of major AI software and system vendors, and joint investment by organizations for the growth and development of R&D operations, the regional market has also seen the highest adoption of AI in Fintech solutions. For example, the continued economic boom in the United States, according to Baker McKenzie, has drawn significant investment in the fintech sector. Payments and insurance technology remain dominant the fintech environment in the country.
Here are some of the AI investments that have been made. For example, Betterview, a US-based insuretech and AI firm, in June 2020, received an additional USD 7.5 million from Maiden Re, a Bermuda-based reinsurer, bringing its total funding to USD 17 million. The AI firm uses computer vision and artificial intelligence to collect and analyze photos of buildings and properties across the United States for usage in underwriting by the property insurance market.
Further, the region, especially the United States, is home to a considerable proportion of the millennial population. In terms of speed and personalization, millennials clearly prefer to complete chores through digital applications and services, which fintech companies are better at supplying than banks. The region has some of the highest levels of citizen bank account penetration and the highest number of ATMs per 100,000 people. Thus, due to these factors, the growth of the regional AI in fintech market would accelerate in the coming years.
The US market dominated the North America Artificial Intelligence In Fintech Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,444.2 Million by 2028. The Canada market is anticipated to grow at a CAGR of 18.7% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 17.7% during (2022 - 2028).
Based on Component, the market is segmented into Solutions and Services. Based on Deployment, the market is segmented into On-premise and Cloud. Based on Application, the market is segmented into Business Analytics & Reporting, Customer Behavioral Analytics, Fraud Detection, Virtual Assistant (Chatbots), Quantitative & Asset Management and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Microsoft Corporation, Google LLC, Intel Corporation, Salesforce.com, Inc., Amazon Web Services, Inc., ComplyAdvantage, Amelia US LLC, and Inbenta Technologies, Inc.
Scope of the Study
Market Segments covered in the Report:
By Component
- Solutions
- Services
By Deployment
- On-premise
- Cloud
By Application
- Business Analytics & Reporting
- Customer Behavioral Analytics
- Fraud Detection
- Virtual Assistant (Chatbots)
- Quantitative & Asset Management
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- IBM Corporation
- Oracle Corporation
- Microsoft Corporation
- Google LLC
- Intel Corporation
- Salesforce.com, Inc.
- Amazon Web Services, Inc.
- ComplyAdvantage
- Amelia US LLC
- Inbenta Technologies, Inc.
Unique Offerings from KBV Research
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
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 North America Artificial Intelligence In Fintech Market, by Component
- 1.4.2 North America Artificial Intelligence In Fintech Market, by Deployment
- 1.4.3 North America Artificial Intelligence In Fintech Market, by Application
- 1.4.4 North America Artificial Intelligence In Fintech 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. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Market Share Analysis, 2021
- 3.4 Top Winning Strategies
- 3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2018, Nov - 2022, Jun) Leading Players
Chapter 4. North America Artificial Intelligence In Fintech Market by Component
- 4.1 North America Solutions Market by Country
- 4.2 North America Services Market by Country
Chapter 5. North America Artificial Intelligence In Fintech Market by Deployment
- 5.1 North America On-premise Market by Country
- 5.2 North America Cloud Market by Country
Chapter 6. North America Artificial Intelligence In Fintech Market by Application
- 6.1 North America Business Analytics & Reporting Market by Country
- 6.2 North America Customer Behavioral Analytics Market by Country
- 6.3 North America Fraud Detection Market by Country
- 6.4 North America Virtual Assistant (Chatbots) Market by Country
- 6.5 North America Quantitative & Asset Management Market by Country
- 6.6 North America Others Market by Country
Chapter 7. North America Artificial Intelligence In Fintech Market by Country
- 7.1 US Artificial Intelligence In Fintech Market
- 7.1.1 US Artificial Intelligence In Fintech Market by Component
- 7.1.2 US Artificial Intelligence In Fintech Market by Deployment
- 7.1.3 US Artificial Intelligence In Fintech Market by Application
- 7.2 Canada Artificial Intelligence In Fintech Market
- 7.2.1 Canada Artificial Intelligence In Fintech Market by Component
- 7.2.2 Canada Artificial Intelligence In Fintech Market by Deployment
- 7.2.3 Canada Artificial Intelligence In Fintech Market by Application
- 7.3 Mexico Artificial Intelligence In Fintech Market
- 7.3.1 Mexico Artificial Intelligence In Fintech Market by Component
- 7.3.2 Mexico Artificial Intelligence In Fintech Market by Deployment
- 7.3.3 Mexico Artificial Intelligence In Fintech Market by Application
- 7.4 Rest of North America Artificial Intelligence In Fintech Market
- 7.4.1 Rest of North America Artificial Intelligence In Fintech Market by Component
- 7.4.2 Rest of North America Artificial Intelligence In Fintech Market by Deployment
- 7.4.3 Rest of North America Artificial Intelligence In Fintech Market by Application
Chapter 8. Company Profiles
- 8.1 IBM Corporation
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Regional & Segmental Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.1.5.2 Product Launches and Product Expansions:
- 8.1.5.3 Acquisition and Mergers:
- 8.1.6 SWOT Analysis
- 8.2 Oracle Corporation
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.2.5.2 Acquisition and Mergers:
- 8.2.6 SWOT Analysis
- 8.3 Microsoft Corporation
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Acquisition and Mergers:
- 8.3.6 SWOT Analysis
- 8.4 Google LLC
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Partnerships, Collaborations, and Agreements:
- 8.4.5.2 Product Launches and Product Expansions:
- 8.4.6 SWOT Analysis
- 8.5 Intel Corporation
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Partnerships, Collaborations, and Agreements:
- 8.5.5.2 Acquisition and Mergers:
- 8.5.6 SWOT Analysis
- 8.6 Salesforce.com, Inc.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Partnerships, Collaborations, and Agreements:
- 8.6.5.2 Product Launches and Product Expansions:
- 8.6.6 SWOT Analysis
- 8.7 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental Analysis
- 8.7.4 Recent strategies and developments:
- 8.7.4.1 Partnerships, Collaborations, and Agreements:
- 8.8 ComplyAdvantage
- 8.8.1 Company Overview
- 8.8.2 Recent strategies and developments:
- 8.8.2.1 Partnerships, Collaborations, and Agreements:
- 8.8.2.2 Product Launches and Product Expansions:
- 8.9 Amelia US LLC (IPSoft)
- 8.9.1 Company Overview
- 8.9.2 Recent strategies and developments:
- 8.9.2.1 Product Launches and Product Expansions:
- 8.10. Inbenta technologies, Inc.
- 8.10.1 Company Overview
LIST OF TABLES
- TABLE 1 North America Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
- TABLE 2 North America Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Artificial Intelligence In Fintech Market
- TABLE 4 Product Launches And Product Expansions- Artificial Intelligence In Fintech Market
- TABLE 5 Acquisition and Mergers- Artificial Intelligence In Fintech Market
- TABLE 6 North America Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
- TABLE 7 North America Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
- TABLE 8 North America Solutions Market by Country, 2018 - 2021, USD Million
- TABLE 9 North America Solutions Market by Country, 2022 - 2028, USD Million
- TABLE 10 North America Services Market by Country, 2018 - 2021, USD Million
- TABLE 11 North America Services Market by Country, 2022 - 2028, USD Million
- TABLE 12 North America Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
- TABLE 13 North America Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
- TABLE 14 North America On-premise Market by Country, 2018 - 2021, USD Million
- TABLE 15 North America On-premise Market by Country, 2022 - 2028, USD Million
- TABLE 16 North America Cloud Market by Country, 2018 - 2021, USD Million
- TABLE 17 North America Cloud Market by Country, 2022 - 2028, USD Million
- TABLE 18 North America Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
- TABLE 19 North America Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
- TABLE 20 North America Business Analytics & Reporting Market by Country, 2018 - 2021, USD Million
- TABLE 21 North America Business Analytics & Reporting Market by Country, 2022 - 2028, USD Million
- TABLE 22 North America Customer Behavioural Analytics Market by Country, 2018 - 2021, USD Million
- TABLE 23 North America Customer Behavioural Analytics Market by Country, 2022 - 2028, USD Million
- TABLE 24 North America Fraud Detection Market by Country, 2018 - 2021, USD Million
- TABLE 25 North America Fraud Detection Market by Country, 2022 - 2028, USD Million
- TABLE 26 North America Virtual Assistant (Chatbots) Market by Country, 2018 - 2021, USD Million
- TABLE 27 North America Virtual Assistant (Chatbots) Market by Country, 2022 - 2028, USD Million
- TABLE 28 North America Quantitative & Asset Management Market by Country, 2018 - 2021, USD Million
- TABLE 29 North America Quantitative & Asset Management Market by Country, 2022 - 2028, USD Million
- TABLE 30 North America Others Market by Country, 2018 - 2021, USD Million
- TABLE 31 North America Others Market by Country, 2022 - 2028, USD Million
- TABLE 32 North America Artificial Intelligence In Fintech Market by Country, 2018 - 2021, USD Million
- TABLE 33 North America Artificial Intelligence In Fintech Market by Country, 2022 - 2028, USD Million
- TABLE 34 US Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
- TABLE 35 US Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
- TABLE 36 US Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
- TABLE 37 US Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
- TABLE 38 US Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
- TABLE 39 US Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
- TABLE 40 US Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
- TABLE 41 US Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
- TABLE 42 Canada Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
- TABLE 43 Canada Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
- TABLE 44 Canada Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
- TABLE 45 Canada Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
- TABLE 46 Canada Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
- TABLE 47 Canada Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
- TABLE 48 Canada Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
- TABLE 49 Canada Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
- TABLE 50 Mexico Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
- TABLE 51 Mexico Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
- TABLE 52 Mexico Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
- TABLE 53 Mexico Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
- TABLE 54 Mexico Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
- TABLE 55 Mexico Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
- TABLE 56 Mexico Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
- TABLE 57 Mexico Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
- TABLE 58 Rest of North America Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
- TABLE 59 Rest of North America Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
- TABLE 60 Rest of North America Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
- TABLE 61 Rest of North America Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
- TABLE 62 Rest of North America Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
- TABLE 63 Rest of North America Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
- TABLE 64 Rest of North America Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
- TABLE 65 Rest of North America Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
- TABLE 66 Key information - IBM Corporation
- TABLE 67 Key Information - Oracle Corporation
- TABLE 68 key information - Microsoft Corporation
- TABLE 69 Key Information - Google LLC
- TABLE 70 Key Information - Intel Corporation
- TABLE 71 Key Information -Salesforce.com, Inc.
- TABLE 72 Key Information - AMAZON WEB SERVICES, INC.
- TABLE 73 Key Information - ComplyAdvantage
- TABLE 74 Key Information - Amelia US LLC
- TABLE 75 Key Information - Inbenta Technologies, Inc.
List of Figures
- FIG 1 Methodology for the research
- FIG 2 KBV Cardinal Matrix
- FIG 3 Market Share Analysis, 2021
- FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
- FIG 5 Key Strategic Move: (Partnerships, collaborations and agreements : 2018, nov - 2022, Jun) Leading Players
- FIG 6 Recent strategies and developments: IBM Corporation
- FIG 7 Swot analysis: IBM Corporation
- FIG 8 Recent strategies and developments: Oracle Corporation
- FIG 9 SWOT analysis: Oracle Corporation
- FIG 10 Recent strategies and developments: Microsoft Corporation
- FIG 11 SWOT Analysis: Microsoft Corporation
- FIG 12 Recent strategies and developments: Google LLC
- FIG 13 SWOT Analysis: Alphabet Inc. (Google Inc.)
- FIG 14 Recent strategies and developments: Intel Corporation
- FIG 15 SWOT analysis: Intel corporation
- FIG 16 Recent strategies and developments: Salesforce.com, Inc.
- FIG 17 SWOT Analysis: Salesforce.com Inc.
- FIG 18 Recent strategies and developments: ComplyAdvantage
