Browse key industry insights spread across 320 pages with 200 market data tables & 25 figures & charts from the report , “ Artificial Intelligence ( AI ) in BFSI Market Size By Component ( Solution [ Chatbot , Customer Behavior Analytics , Customer Relationship Management ( CRM ), Data Analytics & Visualization , Fraud Detection ], Service [ Professional Service , Managed Service ]), By Technology ( Machine Learning , Natural Language Processing ( NLP ), Computer Vision ), By Application ( Back Office / Operation , Customer Service , Financial Advisory , Risk Management , Compliance & Security ), By End-Use ( Bank , Insurance , Wealth Management ), Industry Analysis Report , Regional Outlook ( U . S ., Canada , UK , Germany , France , Spain , Sweden , Switzerland , Australia , China , India , Japan , South Korea , Singapore , Brazil , Mexico , UAE , Israel , South Africa ), Growth Potential , Competitive Market Share & Forecast , 2018 - 2024 ” in detail along with the table of contents :
https :// www . gminsights . com / industry-analysis / artificial-intelligence-ai-in-bfsi-market
Europe held more than 20 % share in AI in BFSI market . The investments by the tech giants in the region support the market growth . For instance , Amazon Web Services ( AWS ) invested approximately USD 2.3 million in Max Planck Institute for Intelligent Systems , a Germany-based AI research center for the development of AI and robotics technology . Similarly , in 2016 , Google announced the establishment of a new research and development facility in Zurich , Germany .
Asia Pacific AI in BFSI market is estimated to grow at a CAGR of over 40 %. The growth is owing to the rising venture capital investments in AI and fintech . China is leading the investment landscape in Asia Pacific with more than USD 8.0 investment in the fintech sector in 2016 . Furthermore , the country also accounts for more than 11 % share in the global AI investments in 2016 . Similarly , India also accounts for significant investments in the AI and fintech sectors .
AI in BFSI market is highly competitive due to the presence of both multinational companies and start-ups . The players are constantly innovating and developing advanced products to cater to the growing customer demand . The prominent vendors of the AI solution in BFSI sector are Microsoft , Google , Intel , IBM , AWS , Salesforce , Oracle , SAP , Palantir , IPsoft , Inbenta , Lexalytics , Interaction , and Next IT . The multinational companies , such as AWS , Google , and Microsoft , account for the majority of the share in the market . However , some start-ups , such as Inbenta , Lexalytics , and Interactions , also play a vital role in the overall market .
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