Artificial Intelligence in BFSI market size is expected to reach USD 68.23 Billion at a steady CAGR of 36.5% in 2028. Increasing usage of Artificial Intelligence in BFSI for fraud prevention is driving growth of the market

The report covers the impact of the pandemic on the Artificial Intelligence in BFSI market and its key segment. The report also offers an initial and future assessment of the impact of the pandemic on the Artificial Intelligence in BFSI market and offers revenue estimations in a post-COVID-19 scenario.

To be updated, the report is furnished with the latest impact of the currently unfolding coronavirus pandemic on the Artificial Intelligence in BFSI industry. The pandemic began in late 2019 and hit the world in early 2020, disrupting the normal lives and affecting every segment of the world.

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AI deployment is witnessing a surge in demand due to change in customer expectation during and after the COVID-19 pandemic. During the first few months of the pandemic, usage of online and mobile banking channels across various industries increased significantly and is expected to keep growing in future.

The report gives a comprehensive report offering beneficial data about the competitive landscape of the Artificial Intelligence in BFSI market and covers key details of the key companies along with their revenue contribution, financial standing, profit margins, strategic alliances such as mergers and acquisitions, and other key elements.

The following companies have been profiled in the report:

• Amazon Web Services (AWS) Inc.
• Google LLC
• CognitiveScale Inc.
• Descartes Labs Inc.
• Avaamo Inc.
• Intel Corporation
• Baidu Inc.
• SAP SE
• Microsoft Corporation
• Oracle Corporation

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Emergen Research has segmented the global Artificial Intelligence in BFSI market on the basis of offering, solution, technology, application, and region:

• Offering Component Outlook (Revenue, USD Million; 2018–2028)
  • Software
  • Services
  • Hardware
• Solution Outlook (Revenue, USD Million; 2018–2028)
  • Fraud Detection Prevention
  • Customer Relationship Management
  • Chabot
  • Anti-money Laundering
  • Data Analytics Prediction
  • Others
• Technology Outlook (Revenue, USD Million; 2018–2028)
  • Machine Learning
  • Context Aware Processing
  • Natural Language Processing (NLP)
  • Deep Learning
  • Others

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Artificial Intelligence in BFSI Segmentation based on Key Geographical Regions:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

North America accounted for the largest revenue share in 2020 due to technological advancement and high investment in AI. Commercial banks in the region are focusing on improving customer services and increasing revenue.

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