Europe Generative AI In Financial Services Market Size, Share & Trends Analysis Report By Deployment (Cloud-based, and On-premises), By End User, By Application, By Country and Growth Forecast, 2024 - 2031
Description
Europe Generative AI In Financial Services Market Size, Share & Trends Analysis Report By Deployment (Cloud-based, and On-premises), By End User, By Application, By Country and Growth Forecast, 2024 - 2031
The Europe Generative AI In Financial Services Market would witness market growth of 38.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Generative AI In Financial Services Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,331.3 million by 2031. The UK market is exhibiting a CAGR of 37.1% during (2024 - 2031). Additionally, The France market would experience a CAGR of 39.5% during (2024 - 2031).
Generative AI can assess creditworthiness more comprehensively by generating alternative credit scoring models. It can analyze a wider array of data points, including non-traditional indicators such as social media behavior and transaction patterns, providing a more nuanced view of an individual’s credit risk. Generative AI can power advanced chatbots that provide real-time financial coaching. These chatbots can generate personalized financial advice based on users’ current financial situations and goals, making financial literacy accessible and empowering customers to make informed decisions.
The adoption of Generative AI in financial services market is gaining momentum as institutions recognize its transformative potential. Financial institutions face stringent regulatory requirements. Generative AI helps automate compliance processes, generating reports and risk assessments that meet regulatory standards. This reduces the burden of manual compliance and enhances the institution’s ability to mitigate risks proactively.
The rising trend of digital banking and mobile payments in Europe significantly boosts the demand for Generative AI applications. As consumers increasingly expect seamless and personalized digital experiences, financial institutions must leverage AI technologies to meet these expectations. By utilizing Generative AI to analyze customer behavior and preferences, banks can offer tailored financial products and services, improving customer satisfaction and loyalty in an increasingly competitive market. In conclusion, expanding the BFSI sector in Europe creates a dynamic landscape for Generative AI in financial services market. Combining increased financial services exports, improving profitability in traditional banking, and a thriving fintech ecosystem positions Europe at the forefront of AI adoption in finance.
Based on Deployment, the market is segmented into Cloud-based, and On-premises. Based on End User, the market is segmented into Retail Banking, Corporate Banking, Insurance Companies, Investment Firms, Hedge Funds, and FinTech Companies. Based on Application, the market is segmented into Risk Management, Fraud Detection, Credit Scoring, Forecasting & Reporting, and Customer Service & Chatbots. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Amazon Web Services, Inc.
- Google LLC
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Salesforce, Inc.
- OpenAI, LLC
- SAP SE
- Oracle Corporation
- Accenture PLC
By Deployment
- Cloud-based
- On-premises
- Retail Banking
- Corporate Banking
- Insurance Companies
- Investment Firms
- Hedge Funds
- FinTech Companies
- Risk Management
- Fraud Detection
- Credit Scoring
- Forecasting & Reporting
- Customer Service & Chatbots
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
143 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Generative AI In Financial Services Market, by Deployment
- 1.4.2 Europe Generative AI In Financial Services Market, by End User
- 1.4.3 Europe Generative AI In Financial Services Market, by Application
- 1.4.4 Europe Generative AI In Financial Services Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Jun – 2024, Aug) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. Europe Generative AI In Financial Services Market by Deployment
- 5.1 Europe Cloud-based Market by Country
- 5.2 Europe On-premises Market by Country
- Chapter 6. Europe Generative AI In Financial Services Market by End User
- 6.1 Europe Retail Banking Market by Country
- 6.2 Europe Corporate Banking Market by Country
- 6.3 Europe Insurance Companies Market by Country
- 6.4 Europe Investment Firms Market by Country
- 6.5 Europe Hedge Funds Market by Country
- 6.6 Europe FinTech Companies Market by Country
- Chapter 7. Europe Generative AI In Financial Services Market by Application
- 7.1 Europe Risk Management Market by Country
- 7.2 Europe Fraud Detection Market by Country
- 7.3 Europe Credit Scoring Market by Country
- 7.4 Europe Forecasting & Reporting Market by Country
- 7.5 Europe Customer Service & Chatbots Market by Country
- Chapter 8. Europe Generative AI In Financial Services Market by Country
- 8.1 Germany Generative AI In Financial Services Market
- 8.1.1 Germany Generative AI In Financial Services Market by Deployment
- 8.1.2 Germany Generative AI In Financial Services Market by End User
- 8.1.3 Germany Generative AI In Financial Services Market by Application
- 8.2 UK Generative AI In Financial Services Market
- 8.2.1 UK Generative AI In Financial Services Market by Deployment
- 8.2.2 UK Generative AI In Financial Services Market by End User
- 8.2.3 UK Generative AI In Financial Services Market by Application
- 8.3 France Generative AI In Financial Services Market
- 8.3.1 France Generative AI In Financial Services Market by Deployment
- 8.3.2 France Generative AI In Financial Services Market by End User
- 8.3.3 France Generative AI In Financial Services Market by Application
- 8.4 Russia Generative AI In Financial Services Market
- 8.4.1 Russia Generative AI In Financial Services Market by Deployment
- 8.4.2 Russia Generative AI In Financial Services Market by End User
- 8.4.3 Russia Generative AI In Financial Services Market by Application
- 8.5 Spain Generative AI In Financial Services Market
- 8.5.1 Spain Generative AI In Financial Services Market by Deployment
- 8.5.2 Spain Generative AI In Financial Services Market by End User
- 8.5.3 Spain Generative AI In Financial Services Market by Application
- 8.6 Italy Generative AI In Financial Services Market
- 8.6.1 Italy Generative AI In Financial Services Market by Deployment
- 8.6.2 Italy Generative AI In Financial Services Market by End User
- 8.6.3 Italy Generative AI In Financial Services Market by Application
- 8.7 Rest of Europe Generative AI In Financial Services Market
- 8.7.1 Rest of Europe Generative AI In Financial Services Market by Deployment
- 8.7.2 Rest of Europe Generative AI In Financial Services Market by End User
- 8.7.3 Rest of Europe Generative AI In Financial Services Market by Application
- Chapter 9. Company Profiles
- 9.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental Analysis
- 9.1.4 Recent strategies and developments:
- 9.1.4.1 Partnerships, Collaborations, and Agreements:
- 9.1.5 SWOT Analysis
- 9.2 IBM Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional & Segmental Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Intel Corporation
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.6 SWOT Analysis
- 9.4 Microsoft Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Product Launches and Product Expansions:
- 9.4.6 SWOT Analysis
- 9.5 Google LLC (Alphabet Inc.)
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Product Launches and Product Expansions:
- 9.5.6 SWOT Analysis
- 9.6 Oracle Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.5.2 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 OpenAI, L.L.C.
- 9.7.1 Company Overview
- 9.7.2 SWOT Analysis
- 9.8 SAP SE
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.5.2 Product Launches and Product Expansions:
- 9.8.6 SWOT Analysis
- 9.9 Accenture PLC
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Partnerships, Collaborations, and Agreements:
- 9.9.5.2 Acquisition and Mergers:
- 9.9.6 SWOT Analysis
- 9.10. Salesforce, Inc.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Partnerships, Collaborations, and Agreements:
- 9.10.5.2 Product Launches and Product Expansions:
- 9.10.6 SWOT Analysis
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