AI in the Global Fintech Market to 2023 - A $1.27 Billion Market in 2017; Projected to Reach $7.28 Billion by 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 28, 2018--The “Global AI in Fintech Market - Segmented by Type (Solutions, Services), Application (Chatbot, Credit Scoring, Quantitative and Asset Management, Fraud Detection), and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
AI in Fintech Market was worth USD 1.27 billion in 2017 and is projected to reach USD 7.28 billion by 2023 registering a CAGR of 33.8% over the period 2018-2023.
Growing Internet Penetration
Fintech space is one of the fastest growing industries across the globe owing to rising penetration of internet users. The users are rapidly switching to mobile devices to perform a transaction or related actions, owing to rising ease and growing internet user base.
The third-party applications such as WhatsApp have integrated in-app transaction system in specific regions including the Asia Pacific. This will raise the bar for cyber-attacks and possibilities for fraud owing to which the incorporation of artificial intelligence is expected to gain traction and propel the market growth over the forecast period.
Other Key HighlightsChatbot to Be the Fastest Growing Asia Pacific to Witness the Highest Growth
Notable Developments in the MarketMIT and IBM joined arms to invest in the artificial intelligence platform of the latter, Watson and unleash & enrich the application of it in diverse industries including fintech. This is likely to boost the company’s presence and help the organization to be at par with its counterparts.
Key Topics Covered
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global AI in Fintech Market Segmentation
6. Competitive Intelligence - Company ProfilesIBM Corporation Intel Corporation ComplyAdvantage.com Amazon Web Services Inc. Samsung Group IPsoft Inc. Next IT Corp Microsoft Corporation Onfido Ripple ZestFinance
7. Investment Analysis
8. Opportunities in the Global AI in Fintech Market
For more information about this report visit https://www.researchandmarkets.com/research/cl54ht/ai_in_the_global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180928005176/en/
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Related Topics:Internet and E-Commerce,Software,IT Security,Credit and Loans,Natural Language Processing,Artificial Intelligence
KEYWORD: ASIA PACIFIC NORTH AMERICA MIDDLE EAST
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE SECURITY PROFESSIONAL SERVICES FINANCE
SOURCE: Research and Markets
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PUB: 09/28/2018 06:45 AM/DISC: 09/28/2018 06:45 AM