Market Research Logo

AI in Fintech Market by Component (Solution, Service), Application Area (Virtual Assistant, Business Analytics & Reporting, Customer Behavioral Analytics), Deployment Mode (Cloud, On-Premises), and Region - Global forecast to 2022

AI in Fintech Market by Component (Solution, Service), Application Area (Virtual Assistant, Business Analytics & Reporting, Customer Behavioral Analytics), Deployment Mode (Cloud, On-Premises), and Region - Global forecast to 2022

“The AI in Fintech is projected to grow at a CAGR of 40.4% during the forecast period”
The market for AI in Fintech is expected to grow from USD 1,337.7 million in 2017 to USD 7,305.6 million by 2022, at a Compound Annual Growth Rate (CAGR) of 40.4%. The availability of spatial data is a major factor driving the growth of the AI in Fintech market. Sustaining in a competitive market has become crucial for the financial sector due to technological advancements. In order to achieve efficiency across business processes, enterprises need to design and layout a plan of action. This can be done by properly implementing AI practices into its operations.

The lack of skilled consultants to deploy AI in Fintech expected to be a major restraint for the AI in Fintech market. AI technology can be integrated in financial sector through solution and services based on level of integration. Since, AI is in the developing stage and deployment of AI needs availability of skilled expertise which can act as a restraint for the AI in Fintech market.

“Business Analytics and Reporting is expected to have the largest market size during the forecast period”
The application areas in the AI in Fintech market include virtual assistants (Chatbots), business analytics and reporting, customer behavioral analytics, and others (includes market research, advertising and marketing campaign). Business analytics and reporting application area helps the finance companies to meet regulatory and compliance requirements as well as manage compliance records. Moreover, it also enables financial institutions to analyze customer behavior. To meet these requirements, the financial companies are deploying AI enabled solutions to get maximum benefits of the technology.

“Asia Pacific (APAC) is expected to witness the highest growth rate during the forecast period”
APAC is expected to grow at the highest CAGR during the forecast period. Factors such as higher technological advancement in the region, rapid expansion of domestic enterprises, and higher development of infrastructure are driving the AI in Fintech market in the APAC region. The North American region is expected to have the largest market share during the forecast period. The main driving factors for the market are rapid development of AI in the finance sector, increase in the usage of data, and adoption of predictive analytics tools.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people.
• By Company Type - Tier 1 – 20%, Tier 2 – 45%, and Tier 3 –35%
• By Designation – C-level – 48%, Director-level – 37%, and Others – 15%
• By Region –North America – 22%, Europe– 45%, APAC - 26% , and the Rest of the World (ROW)- 7%

The major AI in Fintech vendors are Microsoft (Washington, US), Google (California, US), Salesforce.com (California, US), IBM (New York, US), Intel (California, US), Amazon Web Services (Washington, US), Inbenta Technologies (California, US), IPsoft (New York, US), Nuance Communications (Massachusetts, US), and ComplyAdvantage.com (New York, US).

Research Coverage
The AI in Fintech market has been segmented on the basis of components (solution and services), deployment modes, application areas, and region. The AI in Fintech solutions help AI in Fintech software, platform, and service providers, IPO/VC/Angel investors, BFSI organizations, and government organizations to improve financial operations and reduce costs. The AI in Fintech market segmented on the basis of the components include solution and services. The solution segment is further segmented into software tools and platforms. The services offered in the AI in Fintech market include managed and professional services. The deployment modes in AI in Fintech market include the cloud and on-premises. The application areas are segmented into virtual assistants (chatbots), business analytics and reporting, customer behavioral analytics, and others (includes market research, advertising and marketing campaign). Finally, on the basis of regions, the AI in Fintech market is segmented into North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.


The report will help the market leaders and new entrants in the AI in Fintech market in the following ways:
1. The report segments the market into various subsegments, hence it covers the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split across different application areas and regions.
2. The report helps in understanding the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps in understanding the competitors better and gaining more insights to strengthen the organization’s position in the market. The study also presents the positioning of the key players in the market based on their product offerings and business strategies.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2014-2016
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • BREAKDOWN OF PRIMARIES
      • KEY INDUSTRY INSIGHTS
    • MARKET SIZE ESTIMATION
    • BOTTOM-UP APPROACH
    • TOP-DOWN APPROACH
    • MICROQUADRANT RESEARCH METHODOLOGY
      • Table EVALUATION CRITERIA
      • VENDOR INCLUSION CRITERIA
    • RESEARCH ASSUMPTIONS AND LIMITATION
      • RESEARCH ASSUMPTIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE AI IN FINTECH MARKET
    • LIFECYCLE ANALYSIS, BY REGION, 2017-2022
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • USE CASES
      • RETAIL BANKS
      • INSURANCE
      • COMMERCIAL BANKS
      • STOCK MARKET/CAPITAL MARKET -
    • KEY INDUSTRY DEVELOPMENTS
  • AI IN FINTECH MARKET ANALYSIS, BY COMPONENT
    • INTRODUCTION
      • Table AI IN FINTECH MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
    • SOLUTIONS
      • Table COMPONENT: AI IN FINTECH MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • SOFTWARE TOOLS
        • Table SOFTWARE TOOLS MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table DATA DISCOVERY MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
        • Table DATA QUALITY AND DATA GOVERNANCE MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
        • Table DATA VISUALIZATION MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
      • PLATFORMS
    • SERVICES
      • Table COMPONENT: AI IN FINTECH MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • MANAGED SERVICES
      • PROFESSIONAL SERVICES
  • AI IN FINTECH MARKET ANALYSIS, BY APPLICATION AREA
    • INTRODUCTION
      • Table AI IN FINTECH MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
    • VIRTUAL ASSISTANTS (CHATBOTS)
      • Table VIRTUAL ASSISTANTS (CHATBOTS): AI IN FINTECH MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • Table VIRTUAL ASSISTANTS (CHATBOTS): AI IN FINTECH MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
    • BUSINESS ANALYTICS AND REPORTING
      • REGULATORY AND COMPLIANCE MANAGEMENT
      • PREDICTIVE ANALYTICS
        • Table BUSINESS ANALYTICS AND REPORTING: AI IN FINTECH MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table BUSINESS ANALYTICS AND REPORTING: AI IN FINTECH MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
        • Table BUSINESS ANALYTICS AND REPORTING: AI IN FINTECH MARKET SIZE, BY COMPONENT 2015-2022 (USD MILLION)
    • CUSTOMER BEHAVIORAL ANALYTICS
      • CREDIT SCORING
      • ASSET AND PORTFOLIO MANAGEMENT
      • DEBT COLLECTION
      • INSURANCE PREMIUM
        • Table CUSTOMER BEHAVIORAL ANALYTICS: AI IN FINTECH MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
        • Table CUSTOMER BEHAVIORAL ANALYTICS: AI IN FINTECH MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
        • Table CUSTOMER BEHAVIORAL ANALYTICS: AI IN FINTECH MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
    • OTHERS
      • Table OTHERS: AI IN FINTECH MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • AI IN FINTECH MARKET ANALYSIS, BY DEPLOYMENT MODE
    • INTRODUCTION
      • Table AI IN FINTECH MARKET SIZE, BY DEPLOYMENT MODE, 2015-2022 (USD MILLION)
    • CLOUD
    • ON-PREMISES
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table AI IN FINTECH MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: AI IN FINTECH MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: AI IN FINTECH MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: AI IN FINTECH MARKET SIZE, BY SOFTWARE TOOL, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: AI IN FINTECH MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: AI IN FINTECH MARKET SIZE, BY DEPLOYMENT MODE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: AI IN FINTECH MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: AI IN FINTECH MARKET SIZE, BY BUSINESS ANALYTICS AND REPORTING, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: AI IN FINTECH MARKET SIZE, BY CUSTOMER BEHAVIORAL ANALYTICS, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: AI IN FINTECH MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: AI IN FINTECH MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table EUROPE: AI IN FINTECH MARKET SIZE, BY SOLUTION , 2015-2022 (USD MILLION)
      • Table EUROPE: AI IN FINTECH MARKET SIZE, BY SOFTWARE TOOL, 2015-2022 (USD MILLION)
      • Table EUROPE: AI IN FINTECH MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table EUROPE: AI IN FINTECH MARKET SIZE, BY DEPLOYMENT MODE, 2015-2022 (USD MILLION)
      • Table EUROPE: AI IN FINTECH MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
      • Table EUROPE: AI IN FINTECH MARKET SIZE, BY BUSINESS ANALYTICS AND REPORTING, 2015-2022 (USD MILLION)
      • Table EUROPE: AI IN FINTECH MARKET SIZE, BY CUSTOMER BEHAVIORAL ANALYTICS, 015-2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: AI IN FINTECH MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: AI IN FINTECH MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: AI IN FINTECH MARKET SIZE, BY SOFTWARE TOOL, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: AI IN FINTECH MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: AI IN FINTECH MARKET SIZE, BY DEPLOYMENT MODE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: AI IN FINTECH MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: AI IN FINTECH MARKET SIZE, BY BUSINESS ANALYTICS AND REPORTING, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: AI IN FINTECH MARKET SIZE, BY CUSTOMER BEHAVIORAL ANALYTICS, 2015-2022 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: AI IN FINTECH MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: AI IN FINTECH MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: AI IN FINTECH MARKET SIZE, BY SOFTWARE TOOL 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: AI IN FINTECH MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: AI IN FINTECH MARKET SIZE, BY DEPLOYMENT MODE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: AI IN FINTECH MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: AI IN FINTECH MARKET SIZE, BY BUSINESS ANALYTICS AND REPORTING, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: AI IN FINTECH MARKET SIZE, BY CUSTOMER BEHAVIORAL ANALYTICS, 2015-2022 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: AI IN FINTECH MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: AI IN FINTECH MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: AI IN FINTECH MARKET SIZE, BY SOFTWARE TOOL, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: AI IN FINTECH MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: AI IN FINTECH MARKET SIZE, BY DEPLOYMENT MODE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: AI IN FINTECH MARKET SIZE, BY APPLICATION AREA, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: AI IN FINTECH MARKET SIZE, BY BUSINESS ANALYTICS AND REPORTING, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: AI IN FINTECH MARKET SIZE, BY CUSTOMER BEHAVIORAL ANALYTICS, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • MICROQUADRANT OVERVIEW
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • COMPETITIVE BENCHMARKING
      • Table MARKET RANKING FOR THE AI IN FINTECH MARKET, 2017
  • COMPANY PROFILES
    • MICROSOFT
      • OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • GOOGLE
      • OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • IBM
      • OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • INTEL
      • OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • INBENTA TECHNOLOGIES
      • OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • NUANCE COMMUNICATIONS
      • OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • COMPLYADVANTAGE
      • OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • SALESFORCE
      • OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • AMAZON WEB SERVICES
      • OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • SAMSUNG
      • OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • IPSOFT
      • OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
    • NEXT IT CORP.
      • OVERVIEW
      • PRODUCT OFFERING SCORECARD
      • BUSINESS STRATEGY SCORECARD
      • RECENT DEVELOPMENTS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report