Artificial Intelligence in Fintech Market Demand, Insights and Forecast Up to 2029
Global Artificial Intelligence in Fintech Market Analysis and Size
Artificial intelligence in fintech enables the management of huge volume of data to derive valuable insights and develops a better understanding of customers and their behavior. Rising number of small and medium scale end users are increasingly understanding the importance of integrating advanced technologies with the financial services. RapidMiner, Inc. (US), SAP SE (Germany), SAS Institute Inc. (US), Microsoft (US), Google, LLC (US), and Hewlett Packard Enterprise Development LP (US) are the some major players operating in this market.
- Data Bridge Market Research analyses that the artificial intelligence in fintech market value, which was USD 13.14 billion in 2021, is expected to reach the value of USD 765.34 billion by 2029, at a CAGR of 66.20% during the forecast period. “Cloud" accounts for the largest deployment mode segment in the artificial intelligence in fintech market owing to the growing number of small and medium scale enterprises.
Global Artificial Intelligence in Fintech Market Definition
From the name itself, it is clear that fintech or financial technology is the incorporation of advanced technologies such as artificial intelligence with the financial services which helps to protect against fraudulent activities. The role of artificial intelligence in fintech is to facilitate the operation of robo-advisors to provide financial planning services.
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