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AI in Fintech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global AI in fintech market size reached US$ XX Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. 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 2021-2026. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Million
Segment Coverage Type, Deployment Model, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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?

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 Million US$), 2015-2020
Figure 3: Global: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Global: AI in Fintech Market: Breakup by Type (in %), 2020
Figure 5: Global: AI in Fintech Market: Breakup by Deployment Model (in %), 2020
Figure 6: Global: AI in Fintech Market: Breakup by Application (in %), 2020
Figure 7: Global: AI in Fintech Market: Breakup by Region (in %), 2020
Figure 8: Global: AI in Fintech (Solutions) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: AI in Fintech (Solutions) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: AI in Fintech (Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: AI in Fintech (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: AI in Fintech (Cloud-based) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: AI in Fintech (Cloud-based) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: AI in Fintech (On-premises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: AI in Fintech (On-premises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: AI in Fintech (Virtual Assistant-Chatbots) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: AI in Fintech (Virtual Assistant-Chatbots) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: AI in Fintech (Credit Scoring) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: AI in Fintech (Credit Scoring) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: AI in Fintech (Quantitative and Asset Management) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: AI in Fintech (Quantitative and Asset Management) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: AI in Fintech (Fraud Detection) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: AI in Fintech (Fraud Detection) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: AI in Fintech (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: AI in Fintech (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: North America: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: North America: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: United States: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: United States: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Canada: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Canada: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Asia-Pacific: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Asia-Pacific: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: China: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: China: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Japan: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Japan: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: India: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: India: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: South Korea: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: South Korea: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Australia: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Australia: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Indonesia: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Indonesia: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Others: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Others: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Europe: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Europe: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Germany: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Germany: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: France: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: France: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: United Kingdom: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: United Kingdom: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Italy: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Italy: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Spain: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Spain: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Russia: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Russia: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Others: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Others: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Latin America: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Latin America: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Brazil: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Brazil: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Mexico: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Mexico: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Others: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Others: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Middle East and Africa: AI in Fintech Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Middle East and Africa: AI in Fintech Market: Breakup by Country (in %), 2020
Figure 74: Middle East and Africa: AI in Fintech Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: AI in Fintech Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: AI in Fintech Market Forecast: Breakup by Deployment Model (in Million US$), 2021-2026
Table 4: Global: AI in Fintech Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: AI in Fintech Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: AI in Fintech Market: Competitive Structure
Table 7: Global: AI in Fintech Market: Key Players

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