The global AI in financial asset management market is expected to witness a CAGR of 33.84% to reach revenue of $11.39 billion by 2025
Bangalore, India, May 28, 2019: With its recently published study “Global AI in Financial Asset Management Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research forecasts that the global AI in financial asset management market will continue to grow due to changing client behavior and expectations.
The growing demand for digital technology and shifting customer demands have resulted in the increased adoption of artificial intelligence (AI) solutions to manage financial assets and enhance the customer experience. AI solutions are predominantly dependent on machine data that are generated from multiple sources, including data collected from customers and processes. The financial institutions, especially investment banks, have started using AI based analytics solutions to analyze data and identify the correlation & patterns to improve the asset management capability. These technologies are among the prominent solutions to deal with ever-changing financial regulatory & compliance environment to face the associated market risk and understand both income tax & corporate tax laws in an efficient way. AI in financial asset management is also witnessing a strong presence in analyzing consumer behavior patterns to bring new offerings and is finding new distribution channels for the financial institutions that can create a competitive advantage with the use of these technologies.
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As data-driven financial decision becomes a more prominent factor for increasing profitability, the market is expected to witness increased usage of AI solutions across banks, financial institutions, and insurance firms. Investment banks have been the primary users of the AI technology to improve risk assessment of the customer to optimize portfolios. Furthermore, IoT, cloud technology, edge computing, security-related technology (blockchain), etc. are supporting the market growth. This trend is expected to continue during the forecast period 2019–2025, fueling the market growth at a CAGR of 33.84% to reach revenue of $11.39 billion by 2025.
The Americas remains the largest contributor of revenue share within the global AI in financial asset management market with the continued spread of developing machine learning and deep learning solutions for the financial institutions, mainly in the areas of fraud detection, personal financial management, and investment banking. APAC is likely to dominate the market growth during the forecast period between 2019 and 2025 owing to increasing government support for developing and implementing AI technologies in the region.
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Due to the increase in data-driven financial transactions, the data analysis segment accounted for a major share of the global AI in financial asset management market. Vendors are providing AI solutions with a focus on gaining insights from unstructured text data for wealth management. Financial institutions can leverage AI solutions and enhance the customer’s experience.
“Increasingly changing customer’s behavior and expectations have led financial institutions to adopt intelligent solutions to meet the demand by leveraging technologies such as AI and ML” – Rahul Kumar Pandey, Research Analyst, Infoholic Research
Key segments of the report include:
- Predictive Analytics
- Machine Learning
- Conversational Platforms
- Data Analysis
- Risk & Compliance
- Portfolio Optimization
- Process Automation
- Market Trends
Ms. Sunanda Ganguli
Infoholic Research LLP