AI and Automation in Banking Market
AI and Automation in Banking Market Study by Customer Service Analytics, Data Analytics & Visualization, Fraud Detection, and Customer Relationship Management from 2024 to 2034
Analysis of AI and Automation in Banking Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
AI and Automation in Banking Market Outlook (2024 to 2034)
As revealed in the latest study compiled by experienced analysts at Fact.MR, revenue from global AI and automation in banking market is calculated to increase swiftly from US$ 33.01 billion in 2024 to US$ 229.55 billion by the end of 2034, at a high-value 21.4% CAGR. Increasing investments by banks in AI and growing consumer preference for personalized financial services are key factors driving market growth.
Leading financial institutions are making aggressive investments in AI technology to augment automated investment advisors. The aim is to bring expertise in identifying red flags such as money laundering, which are monitored by the application of such advanced techniques, thereby driving AI and automation in banking market growth in the assessment timeframe.
Also, with rising complications and competition in the banking sector, demand for industry-specific solutions is increasing to cater to the accumulating needs. Therefore, to meet the growing requirements of consumers, various banks and FinTech corporations are adopting AI solutions on a large scale. Increasing funding by prominent industry players is contributing to global AI and automation in banking market growth.
- For instance, in March 2022, Saphyre, a well-known FinTech organization, announced the accomplishment of its Series A round of US$ 18.7 million, led by HCAP Partners, with J.P. Morgan and BNP Paribas participating in the round.
Key Market Growth Drivers
- Automation helps lower operating expenses and minimize human error in repetitive and routine processes, including data entry, compliance checks, and transaction processing. This helps increase productivity and frees up banking employees to work on more strategic and value-added tasks.
- Artificial intelligence (AI) technologies have become essential in spotting and stopping fraud.
- Real-time anomaly detection and transaction pattern analysis using machine learning algorithms are helping banks better manage risk and react swiftly to possible attacks.
- Key AI and automation trends in banking market trend is artificial intelligence-powered chatbots and virtual assistants that offer 24x7 assistance and individualized customer care, greatly enhancing the consumer experience.
- By automating compliance monitoring, reporting, and documentation procedures, artificial intelligence (AI) and automation are assisting banks in maintaining compliance by lowering the risk of non-compliance and the fines that come with it.
- AI is lowering the need for manual labor by automating various banking operations, which results in substantial cost savings.
- Large volumes of data are being accurately and swiftly analyzed by AI systems, giving decision-makers insightful information.
- Banks are using AI and automation to improve business processes, create new goods and services, and gain a deeper understanding of consumer behavior and industry trends.
| Report Attribute | Detail |
|---|---|
| AI and Automation in Banking Market Size (2024E) | US$ 33.01 Billion |
| Forecasted Market Value (2034F) | US$ 229.55 Billion |
| Global Market Growth Rate (2024 to 2034) | 21.4% CAGR |
| North America Market Share (2024E) | 33% |
| East Asia Market Value (2024E) | US$ 7.76 Billion |
| Solutions Segment Value (2034F) | US$ 133.14 Billion |
| Deep Learning & Machine Learning Segment Value (2034F) | US$ 84.93 Billion |
| Key Companies Profiled | Capital One; FAIR ISAAC; Microsoft Corporation; JPMorgan Chase & Co.; SAP SE; NVIDIA Corporation; Oracle Corporation; Amazon Web Services, Inc.; Cisco Systems, Inc.; Goldman Sachs; Intel Corporation. |
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Why as AI and Automation Become an Integral Part of Banking Operations?
“Rapidly Increasing Adoption of Chatbots in Banking Sector”
Banks are offering budget management apps powered by AI technology, which helps customers obtain their financial targets and augment their money management process. Also, robo-advisors are gaining significant traction in personalized financial services as they primarily target investors with limited resources such as SMEs and individuals.
In addition, AI-based robo-advisors implement conventional data processing techniques to offer their consumers financial portfolios and solutions such as investments, trading, and retirement plans. Moreover, with a rise in usage-based loans, advanced techniques are assisting in calculating the interests suitable for different individuals, which is another key factor driving AI and automation in banking market size expansion.
What are the Fears Restraining Utilization of AI and Automation in Banking Services?
“Huge Concerns about Data Privacy and Security”
When implementing AI and automation technologies, banks need to prioritize data privacy and security due to their handling of sensitive client data. Because new points of vulnerability are being created by the integration of these advanced technologies, there is an increasing danger of data breaches and assaults. Although difficult, ensuring strong data protection methods such as encryption, secure access controls, and ongoing monitoring is essential.
The banking industry's adoption of AI and automation is slower than expected due to the fear of possible data breaches and strict legal requirements for data protection. This is because banks have to strike a balance between innovation and upholding the highest standards of security and compliance.
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Country-wise Insights
North America is poised to hold 33% of the global AI and automation in banking market share in 2024. Rapid development of the regional market is attributed to its early adoption of modern technologies. Presence of established players’ networks in the region is playing an important role in augmenting industry growth.
In the East Asia region, utilization of AI and automation in banking is forecast to increase at a noteworthy CAGR of 22.6% throughout the projection period (2024 to 2034).
Why is Application of AI and Automation Banking High in the United States?
“High Focus on Minimizing Errors and Faster Operations”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 4.85 Billion |
| Growth Rate (2024 to 2034) | 21.1% CAGR |
| Projected Value (2034F) | US$ 32.97 Billion |
The well-established banking sector in the United States has been an early adopter of AI and automation. Automation greatly lowers operating costs and minimizes errors for banks by handling regular operations such as data entry, compliance checks, and transaction processing. Banks enjoy increased efficiency and accuracy by optimizing these repetitive procedures.
This frees up resources for reallocation toward more strategic and value-added initiatives. In addition to increasing overall efficiency, this operational revolution has increased the demand for AI and automation technologies as banks realize the significant advantages of using these advanced systems.
Why is Japan a Profitable Market in this Business Space?
“Reputation of Fast Adopter of Advanced Technology”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 2.24 Billion |
| Growth Rate (2024 to 2034) | 22.8% CAGR |
| Projected Value (2034F) | US$ 17.55 Billion |
Japan is implementing advanced technology such as AI and automation in banking at a high pace. The country is well-known for its technological strength and high deployment of advanced technology.
The adoption of AI and automation for banking and financial purposes is high in Japan, as they provide various benefits such as enhanced data analytics for better decision-making, advanced fraud detection mechanisms to improve security, superior customer service through AI-driven chatbots, and virtual assistance, among others.
Category-wise Insights
Based on application, the market is segmented into customer service, back office, financial advisory, compliance & security, and risk management. Utilization of AI and automation in banking for customer service is rising at a high pace to improve customer satisfaction and the user experience.
Which Component Holds a Significant Market Share?
“AI and Automation Solutions Becoming Key for Customer Handling and Experience”
| Attribute | Solutions |
|---|---|
| Segment Value (2024E) | US$ 18.49 Billion |
| Growth Rate (2024 to 2034) | 21.8% CAGR |
| Projected Value (2034F) | US$ 133.14 Billion |
In an increasingly digitized and competitive market, banks and financial institutes are looking to improve their client experiences, cut costs, and improve efficiency. Large volumes of data are processed at a fast pace by AI and automation, which improves risk assessment, fraud detection, and personalized services. Through chatbots and virtual assistants, these technologies also enable banks to provide 24x7 customer service, minimize human error, and expedite operations.
AI-powered solutions are more successful at handling cybersecurity and regulatory compliance issues. Automation and artificial intelligence (AI) enable banks to meet client expectations for faster, more convenient services while maintaining their competitiveness in a market that is changing quickly.
Why is Use of Deep & Machine Learning Surging in the Banking Sector?
“Ability to Precisely and Quickly Interpret Large Financial Data”
| Attribute | Deep Learning & Machine Learning |
|---|---|
| Segment Value (2024E) | US$ 12.21 Billion |
| Growth Rate (2024 to 2034) | 21.4% CAGR |
| Projected Value (2034F) | US$ 84.93 Billion |
Capacity of deep and machine learning to quickly and precisely interpret large volumes of complicated financial data makes them popular choice in the banking industry. When it comes to jobs such as fraud detection, risk assessment, or customized customer service, these technologies are exceptionally good at recognizing patterns, spotting abnormalities, and predicting future events.
Banks are automating a lot of repetitive tasks, improving decision-making, and obtaining insightful data from consumer behavior and industry trends by utilizing deep learning algorithms.
Better risk management, lower expenses, improved efficiency in operations, and better customer experiences result from this. Machine learning models are especially useful in dynamic and data-rich banking companies because they are able to continuously adjust and enhance their performance over time.
Know thy Competitors
Competitive landscape highlights only certain players
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Competitive Landscape
To take advantage of advanced AI and automation capabilities, more banks and financial institutions are establishing strategic collaborations with IT firms and fintech startups. Through these partnerships, banks are quickly and efficiently integrating these technologies, thereby speeding up their digital transformation initiatives.
Key players in the AI and automation in banking industry are providing advanced solutions such as AI-driven customer care, sophisticated fraud detection, and customized financial products by collaborating with IT and fintech companies.
- In May 2024, the first-ever globally, AI-powered hyper-personalization platform for banks, called Lumyn, was launched by NewGen.
- In April 2024, Tenjin 4.0, a next-gen test automation platform with advanced AI capabilities for enterprise banking and financial services apps, was released by Yethi Consulting.
- In April 2024, Salesforce declared that it introduced new tools to assist banks in resolving disagreements over transactions. The new AI-powered tools expedite the entire dispute process to better address customer requests and inquiries.
- In March 2024, Talkdesk introduced its new Autopilot, a virtual agent tailored to the banking and retail sectors. The latest version makes use of prebuilt processes, generative AI, and discussions designed with the retail and financial services industries in mind.
- In December 2023, leading participants in the Indian banking industry, including HDFC Bank, Axis Bank, and AU Small Finance Bank, chose to use the cloud-based platform of the United States analytics business FICO. This has allowed these banks to streamline loan automation processes and accommodate easier customer onboarding.
- In September 2023, to automatically classify clients' financial activities, Temenos introduced an industry-first safe solution for banks utilizing generative artificial intelligence (AI).
Fact.MR provides detailed information about the price points of key providers of AI and automation in banking positioned across the world, sales growth, production capacity, and speculative technological expansion, in this recently updated market report.
Segmentation of AI and Automation in Banking Market Research
-
By Component :
- Services
- Solutions
-
By Technology :
- Deep Learning & Machine Learning
- Natural Language Processing
- Computer Vision
-
By Application :
- Customer Service
- Back Office
- Financial Advisory
- Compliance & Security
- Risk Management
-
By Solution :
- Customer Service Analytics
- Data Analytics & Visualization
- Fraud Detection
- Customer Relationship Management
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Component
- 6.2. Application
- 6.3. Technology
- 6.4. Solution
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Component
- 7.1. Services
- 7.2. Solutions
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application
- 8.1. Customer Service
- 8.2. Back Office
- 8.3. Financial Advisory
- 8.4. Compliance & Security
- 8.5. Risk Management
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Technology
- 9.1. Deep Learning & Machine Learning
- 9.2. Natural Language Processing
- 9.3. Computer Vision
- 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Solution
- 10.1. Customer Service Analytics
- 10.2. Data Analytics & Visualization
- 10.3. Fraud Detection
- 10.4. Customer Relationship Management
- 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Western Europe
- 11.4. Eastern Europe
- 11.5. East Asia
- 11.6. South Asia & Pacific
- 11.7. Middle East & Africa
- 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 19. Sales Forecast 2024 to 2034 by Component, Application, Technology, Solution, and Region for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. Capital One
- 21.2. FAIR ISAAC
- 21.3. Microsoft Corporation
- 21.4. JPMorgan Chase & Co.
- 21.5. SAP SE
- 21.6. NVIDIA Corporation
- 21.7. Oracle Corporation
- 21.8. Amazon Web Services, Inc.
- 21.9. Cisco Systems, Inc.
- 21.10. Goldman Sachs
- 21.11. Intel Corporation
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Solution, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Solution, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Solution, 2024 to 2034
Table 13: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 14: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 15: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 25: North America Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 26: North America Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 27: North America Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 28: North America Market Value (US$ Mn) Analysis, by Solution, 2019 to 2023
Table 29: North America Market Value (US$ Mn) Analysis, by Solution, 2024 to 2034
Table 30: North America Market Value (US$ Mn) Opportunity Analysis, by Solution, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 37: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 38: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 39: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 40: Latin America Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 41: Latin America Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 42: Latin America Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 43: Latin America Market Value (US$ Mn) Analysis, by Solution, 2019 to 2023
Table 44: Latin America Market Value (US$ Mn) Analysis, by Solution, 2024 to 2034
Table 45: Latin America Market Value (US$ Mn) Opportunity Analysis, by Solution, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: Western Europe Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 50: Western Europe Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 51: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 52: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 53: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 54: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 55: Western Europe Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 56: Western Europe Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 57: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 58: Western Europe Market Value (US$ Mn) Analysis, by Solution, 2019 to 2023
Table 59: Western Europe Market Value (US$ Mn) Analysis, by Solution, 2024 to 2034
Table 60: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Solution, 2024 to 2034
Table 61: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: Eastern Europe Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 65: Eastern Europe Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 66: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 67: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 68: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 69: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 70: Eastern Europe Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 71: Eastern Europe Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 72: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 73: Eastern Europe Market Value (US$ Mn) Analysis, by Solution, 2019 to 2023
Table 74: Eastern Europe Market Value (US$ Mn) Analysis, by Solution, 2024 to 2034
Table 75: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Solution, 2024 to 2034
Table 76: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 77: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 78: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 79: East Asia Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 80: East Asia Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 81: East Asia Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 82: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 83: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 84: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 85: East Asia Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 86: East Asia Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 87: East Asia Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 88: East Asia Market Value (US$ Mn) Analysis, by Solution, 2019 to 2023
Table 89: East Asia Market Value (US$ Mn) Analysis, by Solution, 2024 to 2034
Table 90: East Asia Market Value (US$ Mn) Opportunity Analysis, by Solution, 2024 to 2034
Table 91: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 92: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 93: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 94: South Asia & Pacific Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 95: South Asia & Pacific Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 96: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 97: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 98: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 99: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 100: South Asia & Pacific Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 101: South Asia & Pacific Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 102: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 103: South Asia & Pacific Market Value (US$ Mn) Analysis, by Solution, 2019 to 2023
Table 104: South Asia & Pacific Market Value (US$ Mn) Analysis, by Solution, 2024 to 2034
Table 105: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Solution, 2024 to 2034
Table 106: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 107: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 108: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 109: MEA Market Value (US$ Mn) Analysis, by Component, 2019 to 2023
Table 110: MEA Market Value (US$ Mn) Analysis, by Component, 2024 to 2034
Table 111: MEA Market Value (US$ Mn) Opportunity Analysis, by Component, 2024 to 2034
Table 112: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 113: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 114: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 115: MEA Market Value (US$ Mn) Analysis, by Technology, 2019 to 2023
Table 116: MEA Market Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 117: MEA Market Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 118: MEA Market Value (US$ Mn) Analysis, by Solution, 2019 to 2023
Table 119: MEA Market Value (US$ Mn) Analysis, by Solution, 2024 to 2034
Table 120: MEA Market Value (US$ Mn) Opportunity Analysis, by Solution, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Component, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Component, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Solution, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Solution, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Solution, 2024 to 2034
Figure 17: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 18: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 19: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 20: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 21: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 22: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 23: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 24: North America Market Share Analysis by Country, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Component, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Component, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 33: North America Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 34: North America Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 35: North America Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 36: North America Market Share and BPS Analysis by Solution, 2024 & 2034
Figure 37: North America Market Y-o-Y Growth Projections by Solution, 2024 to 2034
Figure 38: North America Market Attractiveness Analysis by Solution, 2024 to 2034
Figure 39: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 40: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 41: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 42: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 43: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Component, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Component, 2024 to 2034
Figure 49: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 50: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 51: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 52: Latin America Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 53: Latin America Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 54: Latin America Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 55: Latin America Market Share and BPS Analysis by Solution, 2024 & 2034
Figure 56: Latin America Market Y-o-Y Growth Projections by Solution, 2024 to 2034
Figure 57: Latin America Market Attractiveness Analysis by Solution, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 59: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 60: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 61: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 62: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Western Europe Market Share and BPS Analysis by Component, 2024 & 2034
Figure 66: Western Europe Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 67: Western Europe Market Attractiveness Analysis by Component, 2024 to 2034
Figure 68: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 69: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 70: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 71: Western Europe Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 72: Western Europe Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 73: Western Europe Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 74: Western Europe Market Share and BPS Analysis by Solution, 2024 & 2034
Figure 75: Western Europe Market Y-o-Y Growth Projections by Solution, 2024 to 2034
Figure 76: Western Europe Market Attractiveness Analysis by Solution, 2024 to 2034
Figure 77: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 78: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 79: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 80: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 81: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 82: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 83: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 84: Eastern Europe Market Share and BPS Analysis by Component, 2024 & 2034
Figure 85: Eastern Europe Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 86: Eastern Europe Market Attractiveness Analysis by Component, 2024 to 2034
Figure 87: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 88: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 90: Eastern Europe Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 91: Eastern Europe Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 92: Eastern Europe Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 93: Eastern Europe Market Share and BPS Analysis by Solution, 2024 & 2034
Figure 94: Eastern Europe Market Y-o-Y Growth Projections by Solution, 2024 to 2034
Figure 95: Eastern Europe Market Attractiveness Analysis by Solution, 2024 to 2034
Figure 96: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 97: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 98: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 99: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 100: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 101: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 102: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 103: East Asia Market Share and BPS Analysis by Component, 2024 & 2034
Figure 104: East Asia Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 105: East Asia Market Attractiveness Analysis by Component, 2024 to 2034
Figure 106: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 107: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 108: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 109: East Asia Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 110: East Asia Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 111: East Asia Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 112: East Asia Market Share and BPS Analysis by Solution, 2024 & 2034
Figure 113: East Asia Market Y-o-Y Growth Projections by Solution, 2024 to 2034
Figure 114: East Asia Market Attractiveness Analysis by Solution, 2024 to 2034
Figure 115: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 116: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 117: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 118: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 119: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 120: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 121: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 122: South Asia & Pacific Market Share and BPS Analysis by Component, 2024 & 2034
Figure 123: South Asia & Pacific Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 124: South Asia & Pacific Market Attractiveness Analysis by Component, 2024 to 2034
Figure 125: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 126: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 127: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 128: South Asia & Pacific Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 129: South Asia & Pacific Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 130: South Asia & Pacific Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 131: South Asia & Pacific Market Share and BPS Analysis by Solution, 2024 & 2034
Figure 132: South Asia & Pacific Market Y-o-Y Growth Projections by Solution, 2024 to 2034
Figure 133: South Asia & Pacific Market Attractiveness Analysis by Solution, 2024 to 2034
Figure 134: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 135: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 136: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 137: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 138: MEA Market Share Analysis by Country, 2024 & 2034
Figure 139: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 140: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 141: MEA Market Share and BPS Analysis by Component, 2024 & 2034
Figure 142: MEA Market Y-o-Y Growth Projections by Component, 2024 to 2034
Figure 143: MEA Market Attractiveness Analysis by Component, 2024 to 2034
Figure 144: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 145: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 146: MEA Market Attractiveness Analysis by Application, 2024 to 2034
Figure 147: MEA Market Share and BPS Analysis by Technology, 2024 & 2034
Figure 148: MEA Market Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 149: MEA Market Attractiveness Analysis by Technology, 2024 to 2034
Figure 150: MEA Market Share and BPS Analysis by Solution, 2024 & 2034
Figure 151: MEA Market Y-o-Y Growth Projections by Solution, 2024 to 2034
Figure 152: MEA Market Attractiveness Analysis by Solution, 2024 to 2034
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- FAQs -
How big is AI and automation in banking market in 2024?
The global market for AI and automation in banking is forecasted to reach US$ 33.01 billion in 2024.
What is the future of AI and automation in banking?
Revenue from AI and automation in banking is projected to reach US$ 229.55 billion by 2034-end.
At what rate is the demand for AI and automation in banking projected to increase?
The global AI and automation in banking market is projected to rise at 21.4% CAGR through 2034.
Who are the key providers of AI and automation in banking?
Top AI and automation in banking service providers are Capital One, FAIR ISAAC, Microsoft Corporation, JPMorgan Chase & Co., and SAP SE.
What is the projection for the market in East Asia?
The market in East Asia is projected to generate revenue worth US$ 59.68 billion by 2034.
At what rate is the South Korean market forecasted to expand?
The market in South Korea is projected to expand at a CAGR of 23.1% through 2034.
Which technology is widely used in AI and automation in banking?
Implementation of natural language processing in AI and automation solutions in banking is forecasted to rise at 23.1% CAGR through 2034.
AI and Automation in Banking Market