Artificial Intelligence and Cognitive Systems In BFSI – By Technologies (NLP, Machine Learning, Deep Learning, and Image Processing & Video Recognition ), Deployment Types(On Premises, and Cloud), Verticals (Banking, Financial Services and Insurance), and Regions (Americas, Europe, Asia-pacific, and MEA): Global Drivers, Opportunities, Trends and Forecasts to 2022


Overview: 

Globally, BFSI is the second most customer data-centric industry, where players have a bundle of new business opportunities from Artificial Intelligence (AI) and Cognitive Systems. It is an evolving data driven technology that works on on-premises and cloud-based software. The system replaces the human thought process with a simulated digital model that includes a self-learning system, which derives patterns by using data mining, speech recognition, and language processing techniques. The cognitive systems require AI platform to derive the complicated business issues.

Globally, the growing demand for digital technology and changing customer demands have led the BFSI players to adopt cognitive systems and AI implementation in their operations to deal with ever-changing regulatory & compliance laws to face the market risk and understand both income tax & corporate tax laws in an efficient way. It is also showing a strong presence in analyzing consumer behavior patterns to bring new offerings and is finding new distribution channels for the financial institutions. Furthermore, IoT, cloud technology, edge computing, security related technology (blockchain), etc. are supporting the market growth.

Market Analysis:

According to Infoholic Research, the “Artificial Intelligence & Cognitive Systems in BFSI” will witness a CAGR of 45.9% during the forecast period 2016–2022. The increasing usage of cloud-based solutions in the BFSI industry, rising demand for the data-driven solutions, increasing internet banking penetration, and scope of deriving market risk are fostering the market growth. The market is segmented into technologies, deployment types, verticals and regions.

 Deployment Mode & Technology Analysis: 

The market is segmented according to the deployment types offered by technology providers. There are two popular deployment types, namely on-premises and cloud-based services. At present, on-premises services are in high demand owing to its capability of delivering technological advancement to clients. Also, the demand for cloud-based services is expected to increase due to the rise in the number of medium-sized enterprises in financial services industry.

Region Analysis: 

In terms of regions, the Americas is set to outperform for the market growth followed by Europe. The American Fintech ecosystem, changing customer expectations, government regulations, and the country’s technological advancement drive the innovation in AI technologies. Asia Pacific is expected to be the fastest growing market in the upcoming years. The US, the UK, Germany, China, Japan, Canada, and Singapore are few of the countries which are concentrating on developing AI technologies for the industrial and governmental use.

Key players & Benefits

Some of the leading companies included in the report are IBM, Synechron, Micro Strategy, Infosys, Next IT Corp., Rocket Fuel Inc., and others.

The financial institutions create a competitive advantage with the use of these technologies. The leading global financial institutions are investing in AI space, and thus, BFSI is the most lucrative investment destination for cognitive systems and AI key stakeholders.

The study covers and analyzes the “Artificial Intelligence and Cognitive Systems in BFSI”. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.

1     Industry Outlook

1.1        Industry Overview

1.2        Industry Trends

1.3        Pest Analysis

2     Report Outline

2.1        Report Scope

2.2        Report Summary

2.3        Research Methodology

2.4        Report Assumptions

3     Market Snapshot 

3.1        Total Addressable Market (TAM)

3.2        Segmented Addressable Market (SAM)

3.3        Related Markets

4     Market Outlook  

4.1        Overview

4.2        Market Trends

4.3        Market Definitions

4.4        Market Segmentations

4.5        Porter 5 (Five) Forces

5     Market Characteristics 

5.1        Evolution

5.2        Market Dynamics

5.2.1     Drivers

5.2.1.1    Demand for the data driven solutions

5.2.1.2    Increasing the usage in market risk and fraud detection

5.2.1.3    Increasing usage of technologies in the BFSI Industry

5.2.1.4    Increasing Digitalization of Banking services

5.2.1.5    Dealing with complex financial compliance laws

5.2.1.6    Demand technology driven customer services

5.2.2     Restraints

5.2.2.1    Government regulations

5.2.2.2    Excessive cost of ownership

5.2.3     Opportunities

5.2.3.1    Understanding Human emotions

5.2.3.2    Developing smarter robots

5.2.4     DRO – Impact Analysis

5.2.5     Future of AI

6     Deployment Type: Market Size & Analysis 

6.1        Overview

6.2        On Premises

6.3        Cloud

7     Technologies: Market Size & Analysis 

7.1        Overview

7.2        Machine Learning

7.3        Deep Learning

7.4        Natural Language Processing

7.5        Image processing and Video recognition

8     Verticals: Market Size & Analysis 

8.1        Overview

8.2        Banking

8.2.1     Customer support

8.2.2     Fraud Detection

8.3        Financial Services

8.3.1     Wealth Management and Personal Financial advisory

8.3.2     Advisors in Stock Trading

8.3.3     Credit risk management

8.4        Insurance

8.4.1     Underwriting

8.4.2     Claims processing

9     Regions: Market Size & Analysis 

9.1        Overview

9.2        Americas

9.2.1     US

9.2.2     Canada

9.2.3     Brazil

9.2.4     Mexico

9.3        Europe

9.3.1     UK

9.3.2     France

9.3.3     Germany

9.3.4     Italy

9.4        Asia Pacific

9.4.1     China

9.4.2     Japan

9.4.3     Singapore

9.4.4     India

9.4.5     South Korea

9.5        Middle East & Africa

10   Vendor Profiles 

10.1     IBM Corp.

10.1.1  Overview

10.1.2  Business unit

10.1.3  Geographic revenue

10.1.4  Recent Developments

10.1.5  Business focus

10.1.6  SWOT analysis

10.1.7  Business strategies

10.2     MicroStrategy Incorporated

10.2.1  Overview

10.2.2  Business units

10.2.3  Geographic revenue

10.2.4  Business focus

10.2.5  SWOT Analysis

10.2.6  Business Strategy

10.3     Rocket Fuel

10.3.1  Overview

10.3.2  Business Units

10.3.3  Geographic revenue

10.3.4  Business Focus

10.3.5  SWOT Analysis

10.3.6  Business Strategy

10.4     Infosys Limited

10.4.1  Overview

10.4.2  Business Units

10.4.3  Geographic Revenue

10.4.4  Business focus

10.4.5  SWOT Analysis

10.4.6  Business strategy

10.5     Synechron

10.5.1  Overview

10.5.2  Business Units

10.5.3  Geographic Revenue

10.5.4  Business Focus

10.5.5  SWOT Analysis

10.5.6  Business Strategy

10.6     Next IT Corp

10.6.1  Overview

10.6.2  Business Units

10.6.3  Geographic Revenue

10.6.4  Business Focus

10.6.5  SWOT Analysis

10.6.6  Business Strategy

11   Companies to Watch for 

11.1     IPsoft Inc.

11.1.1  Overview

11.1.2  IPsoft Market

11.1.3  Artificial Intelligence Offerings

11.2     Brighterion, Inc.

11.2.1  Overview

11.2.2  Brighterion, Inc

11.2.3  Artificial Intelligence Offerings

11.3     Inbenta Technologies Inc.

11.3.1  Overview

11.3.2  Inbenta Technologies Market

11.3.3  Artificial Intelligence Offerings

11.4     Narrative Science

11.4.1  Overview

11.4.2  Narrative Science

11.4.3  Artificial Intelligence Offerings

11.5     Quandl Inc.

11.5.1  Overview

11.5.2  Quandl Market

11.5.3  Artificial Intelligence Offerings

11.6     AlphaSense, Inc.

11.6.1  Overview

11.6.2  AlphaSense Market

11.6.3  Artificial Intelligence Offerings

12   Competitive Landscape  

12.1     Competitor Comparison Analysis

12.2     Market Landscape

12.2.1  Mergers & Acquisitions (M&A)

13   Expert’s Views

Annexure  

Acronyms

 

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Secondary & Primary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

methodology

Market related information is congregated from both secondary and primary sources. Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

For more details on Research Methodology kindly click here to Engage with our Analyst.


Category :


Pages

84

Tables

18

Country

4/16

Company

12


Enquiry Hours

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