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Artificial Intelligence (AI) in BFSI Market 2023-2032; Growth Forecast & Industr

Artificial Intelligence (AI) in BFSI Market is set to witness significant gains between 2023 and 2032, owing to the exponential growth in the quantity of digital data generation. As per credible reports, digital data is anticipated to grow by 40% each year, during the next ten years.

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Artificial Intelligence (AI) in BFSI Market 2023-2032; Growth Forecast & Industr

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  1. Artificial Intelligence (AI) in BFSI Market Trends, Analysis & Forecast, 2032

  2. Industry Insights • As per a recent research report, Artificial Intelligence (AI) in BFSI Market to surpass USD 100 Bn by 2032. • Artificial Intelligence (AI) in BFSI Market is set to witness significant gains between 2023 and 2032, owing to the exponential growth in the quantity of digital data generation. As per credible reports, digital data is anticipated to grow by 40% each year, during the next ten years. • Based on the component, the services segment is set to grow robustly through 2032. The segmental growth will be driven by the increasing integration and deployment of AI-based solutions in insurance firms, banks, and wealth management organizations. Besides, the demand for AI-based professional services would surge further, since organizations operating in the BFSI market are increasingly focusing on core competencies.

  3. In terms of application, the financial advisory segment was valued at more than USD 3.5 billion in 2022. The expansion can be attributed to the rising adoption of ML and AI in wealth management firms. These companies are also offering robo-advisors to help their customers with better financial management. For instance, in February 2023, the Saudi-based technology platform, Madkhol launched its robo-advisory platform, to cater to the requirements of the investments made by the SRB (Shariyah Review Bureau). • As per company claims, the introduction of robo-advisors would enable it to manage investments with less human intervention, making wealth management highly affordable, reliable, and secure for its clients. • In the context of technology, the natural language processing segment is expected to be valued at more than USD 50 billion through 2023-2032. An increasing amount of digital data will mainly drive the demand for NLP technology, especially in financial institutes.

  4. Regional Analysis North America artificial Intelligence in BFSI market was valued at more than USD 5 billion in 2022 and is anticipated to further expand through 2032. The regional market growth will be characterized by the rising investments and presence and adoption of AI by multinational firms such as Facebook and Google. • Competitive Analysis • ATOS SE, AWS Inc., Cape Analytics LLC, Google LLC (Alphabet, Inc.), IBM Corporation, Lexalytics, Inc., Intel Corporation, Microsoft Corporation, NVIDIA Corporation

  5. Artificial Intelligence (AI) in BFSI Market @ https://www.gminsights.com/industry-analysis/artificial-intelligence-ai-in-bfsi-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/2605 Request for customization: https://www.gminsights.com/roc/2605

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