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Report Description

Report Description

Global AI in Fintech market was valued USD 1770.52 million in 2019 and is forecast to exhibit a CAGR of 26.21% during 2021-2026, on account of technological advancements and surging penetration of internet. Fintech or financial technology is the name given to the new technological innovation that aims to compete with traditional financial methods in the delivery of financial services. Following banking sector, artificial intelligence (AI) is transforming the finance industry. Since AI helps to improve the efficiency and reduce the chances of error, the application of AI in Fintech is increasing at a rapid pace.

Global AI in Fintech market can be categorized based on component, deployment mode, application and regional analysis. In the solution sub-segment, software tools segment is anticipated to acquire the largest market share, as it helps to extract large amount of data. Based on the deployment mode, global AI in Fintech market is bifurcated into cloud and on-premise. Cloud segment is likely to register the highest CAGR in coming years, as it offers a wide range of solutions to cater to AI in Fintech market. AI in Fintech caters to various applications such as virtual assistant (chat bot), business analytics & reporting, customer behavioral analytics and others. Business analytics and reporting is the leading segment in global AI in Fintech market and is poised to grow at a high rate over the course of next five years, as it helps in the analysis of customer behavior.

Regionally, the market for AI in Fintech is gaining traction and expanding to various regions including Asia-Pacific, North America, Europe, South America and Middle East & Africa. North America is at the forefront of AI in Fintech market, on the back of high investments in R&D in the developed economies of US and Canada.

Some of the major players operating in global AI in Fintech market are IBM Corporation, Amazon Web Services, Microsoft Corporation, Nuance Communications, Inc. IPsoft Inc., etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. In 2019, MIT and IBM partnered to invest in the artificial intelligence platform.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

  • To analyze and forecast global AI in Fintech market size.
  • To classify and forecast global AI in Fintech market based on component, deployment mode, application and regional distribution.
  • To identify drivers and challenges for global AI in Fintech market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global AI in Fintech market.
  • To identify and analyze the profile of leading players operating in global AI in Fintech market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of solution & service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major service providers across the globe.

TechSci Research calculated global AI in Fintech market size using a bottom-up approach, where data for various Application segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • AI in Fintech solution & service providers
  • Research organizations and consulting companies
  • Government bodies such as regulating authorities and policymakers
  • Organizations, forums and alliances related to AI in Fintech

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.  

Report Scope:

In this report, global AI in Fintech market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Component:
    • Solution
      • Software Tools
      • Platform
    • Services
      • Managed
      • Professional
  • Marker, by Deployment Mode:
    • On-premise
    • Cloud
  • Market, by Application:
    • Business Analytics & Reporting
    • Customer Behavioral Analytics
    • Virtual Assistant (Chat bot)
    • Others
  • Market, by Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • Japan
      • Australia
      • India 
      • Singapore
    • South America
      • Brazil
      • Argentina
      • Columbia
    • Middle East & Africa
      • UAE
      • Saudi Arabia
      • South Africa
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global AI in Fintech market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global AI in Fintech Market

5.    Voice of Customer

6.    Global AI in Fintech Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Component (Solution (Software Tools and Platform) and Services (Managed and Professional)

6.2.2.     By Deployment Mode (Cloud and On-premise)

6.2.3.     By Application (Business Analytics & Reporting, Customer Behavioral Analytics, Virtual Assistant (Chat bot) and Others)

6.2.4.     By Company

6.2.5.     By Region

6.3.  Competition Outlook

7.    North America AI in Fintech Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Component

7.2.2.     By Application

7.2.3.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States AI in Fintech Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Application

7.3.1.3.         Competition Outlook

7.3.2.     Canada AI in Fintech Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Application

7.3.2.3.         Competition Outlook

7.3.3.     Mexico AI in Fintech Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Application

7.3.3.3.         Competition Outlook

8.    Europe AI in Fintech Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Component

8.2.2.     By Application

8.2.3.     By Country

8.3.  Europe: Country Analysis

8.3.1.     Germany AI in Fintech Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Application

8.3.1.3.         Competition Outlook

8.3.2.     France AI in Fintech Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Application

8.3.2.3.         Competition Outlook

8.3.3.     United Kingdom AI in Fintech Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Application

8.3.3.3.         Competition Outlook

8.3.4.     Spain AI in Fintech Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Application

8.3.4.3.         Competition Outlook

8.3.5.     Italy AI in Fintech Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Application

8.3.5.3.         Competition Outlook

9.    Asia-Pacific AI in Fintech Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Component

9.2.2.     By Application

9.2.3.     By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.     China AI in Fintech Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Application

9.3.1.3.         Competition Outlook

9.3.2.     Japan AI in Fintech Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Application

9.3.2.3.         Competition Outlook

9.3.3.     India AI in Fintech Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Application

9.3.3.3.         Competition Outlook

9.3.4.     Australia AI in Fintech Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Application

9.3.4.3.         Competition Outlook

9.3.5.     Singapore AI in Fintech Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Application

9.3.5.3.         Competition Outlook

10.  Middle East & Africa AI in Fintech Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Component

10.2.2.  By Application

10.2.3.  By Country

10.3.              MEA: Country Analysis

10.3.1.  UAE AI in Fintech Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Application

10.3.1.3.      Competition Outlook

10.3.2.  Saudi Arabia AI in Fintech Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Application

10.3.2.3.      Competition Outlook

10.3.3.  South Africa AI in Fintech Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Application

10.3.3.3.      Competition Outlook

10.3.4.  Qatar AI in Fintech Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Value

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Application

10.3.4.3.      Competition Outlook

11.  South America AI in Fintech Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Component

11.2.2.  By Application

11.2.3.  By Country

11.3.              South America: Country Analysis

11.3.1.  Brazil AI in Fintech Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Application

11.3.1.3.      Competition Outlook

11.3.2.  Argentina AI in Fintech Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Application

11.3.2.3.      Competition Outlook

11.3.3.  Colombia AI in Fintech Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Application

11.3.3.3.      Competition Outlook

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles (Partial List of Leading Companies)

14.2.1.  IBM Corporation

14.2.2.  Amazon Web Services, Inc

14.2.3.  Microsoft Corporation

14.2.4.  Nuance Communications, Inc.

14.2.5.  IPsoft Inc.

14.2.6.  NextIT Corporation

14.2.7.  Inbenta Technologies Inc

14.2.8.  Autodesk, Inc.

14.2.9.  FANUC Corporation

14.2.10.   Hanson Robotics Limited

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

Figure 1: Parameters considered while deploying AI Solution (N=125)

Figure 2: Satisfaction Level for AI Solution (N=125)

Figure 3: Percent Share, By Increase in Number of AI related investments (N=125)

Figure 4: Percent Share, By Increased investment Planning on Technology (N=125)

Figure 5: Global AI in FinTech Market Size, By Value, 2016-2020 (USD Million)

Figure 6: Global AI in FinTech Market Size, By Value, 2021E-2026F (USD Million)

Figure 7: Global AI in FinTech Market Share, By Component, By Value, 2016-2026F

Figure 8: Global AI in FinTech Market Share, By Component, By Solution, By Value, 2016-2026F

Figure 9: Global AI in FinTech Market Share, By Component, By Services, By Value, 2016-2026F

Figure 10: Global AI in FinTech Market Share, By Deployment Mode, By Value, 2016-2026F

Figure 11: Global AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 12: Global AI in FinTech Market Share, By Region, By Value, 2016-2026F

Figure 13: Global AI in FinTech Market Size, By Region, By Value, 2016–2020 (USD Million)

Figure 14: Global AI in FinTech Market Size, By Region, By Value, 2021E–2026F (USD Million)

Figure 15: Global AI in FinTech Market Share, By Company, By Value, 2020

Figure 16: North America AI in FinTech Market Size, By Value, 2016-2020 (USD Million)

Figure 17: North America AI in FinTech Market Size, By Value, 2021E-2026F (USD Million)

Figure 18: North America AI in FinTech Market Share, By Component, By Value, 2016-2026F

Figure 19: North America AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 20: North America AI in FinTech Market Share, By Country, By Value, 2016-2026F

Figure 21: United States AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 22: Canada AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 23: Mexico AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 24: Europe AI in FinTech Market Size, By Value, 2016-2020 (USD Million)

Figure 25: Europe AI in FinTech Market Size, By Value, 2021E-2026F (USD Million)

Figure 26: Europe AI in FinTech Market Share, By Component, By Value, 2016-2026F

Figure 27: Europe AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 28: Europe AI in FinTech Market Share, By Country, By Value, 2016-2026F

Figure 29: Germany AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 30: France AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 31: United Kingdom AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 32: Spain AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 33: Italy AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 34: Asia-Pacific AI in FinTech Market Size, By Value, 2016-2020 (USD Million)

Figure 35: Asia-Pacific AI in FinTech Market Size, By Value, 2021E-2026F (USD Million)

Figure 36: Asia-Pacific AI in FinTech Market Share, By Component, By Value, 2016-2026F

Figure 37: Asia-Pacific AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 38: Asia-Pacific AI in FinTech Market Share, By Country, By Value, 2016-2026F

Figure 39: China AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 40: Japan AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 41: India AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 42: Australia AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 43: Singapore AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 44: Middle East & Africa AI in FinTech Market Size, By Value, 2016-2020 (USD Million)

Figure 45: Middle East & Africa AI in FinTech Market Size, By Value, 2021E-2026F (USD Million)

Figure 46: Middle East & Africa AI in FinTech Market Share, By Component, By Value, 2016-2026F

Figure 47: Middle East & Africa AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 48: Middle East & Africa AI in FinTech Market Share, By Country, By Value, 2016-2026F

Figure 49: UAE AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 50: Saudi Arabia AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 51: South Africa AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 52: Qatar AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 53: South America AI in FinTech Market Size, By Value, 2016-2020 (USD Million)

Figure 54: South America AI in FinTech Market Size, By Value, 2021E-2026F (USD Million)

Figure 55: South America AI in FinTech Market Share, By Component, By Value, 2016-2026F

Figure 56: South America AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 57: South America AI in FinTech Market Share, By Country, By Value, 2016-2026F

Figure 58: Brazil AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 59: Argentina AI in FinTech Market Share, By Application, By Value, 2016-2026F

Figure 60: Colombia AI in FinTech Market Share, By Application, By Value, 2016-2026F

 

List of Tables

Table 1: United States AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 2: Canada AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 3: Mexico AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 4: Germany AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 5: France AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 6: United Kingdom AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 7: Spain AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 8: Italy AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 9: China AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 10: Japan AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 11: India AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 12: Australia AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 13: Singapore AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 14: UAE AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 15: Saudi Arabia AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 16: South Africa AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 17: Qatar AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 18: Brazil AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 19: Argentina AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Table 20: Colombia AI in FinTech Market Size, By Value, 2016-2026F (USD Million)

Frequently asked questions

Frequently asked questions

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