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Europe Artificial Intelligence in BFSI Market Size, Share & Trends Analysis Report By Offering (Software, Hardware, and Services), By Technology, By Solution, By Country and Growth Forecast, 2024 - 2031

Published Date : 06-May-2024

Pages: 146

Formats: PDF

The Europe Artificial Intelligence in BFSI Market would witness market growth of 31.8% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Artificial Intelligence in BFSI Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $14,952.3 million by 2031. The UK market is exhibiting a CAGR of 30.6% during (2024 - 2031). Additionally, The France market would experience a CAGR of 32.9% during (2024 - 2031).

Europe Artificial Intelligence in BFSI Market

Early adopters of AI in BFSI gain a competitive edge by leveraging AI-driven insights to personalize offerings, optimize risk management, and enhance operational agility. By harnessing AI to automate processes, detect fraud, and deliver proactive customer support, BFSI organizations can differentiate themselves in a crowded market and build lasting customer relationships.

Artificial intelligence's application in BFSI spans various domains, including customer service, risk management, fraud detection, and regulatory compliance. AI-powered chatbots and virtual assistants enable BFSI institutions to provide round-the-clock customer support and assist with account management tasks. Natural language processing (NLP) algorithms enable these virtual agents to understand and enhancing the overall customer experience.

UK-based BFSI companies leverage AI-driven chatbots and virtual assistants to provide personalized customer support, streamline communication channels, and offer round-the-clock assistance. This enhances the overall customer experience and strengthens customer satisfaction levels. AI technologies are being deployed to enhance risk management and compliance processes within the UK BFSI sector. Machine learning algorithms analyze vast amounts of data to identify potential risks, detect fraudulent activities, and ensure regulatory compliance, safeguarding the interests of financial institutions and their customers. As per the data from the Government of the United Kingdom, the financial and professional services (FPS) industry produced £278bn of economic output in 2023, 12% of the entire UK’s economic output, and £100bn in tax revenue. Hence, the rising BFSI sector in Europe will boost the demand for the market.

Free Valuable Insights: The Global Artificial Intelligence in BFSI Market will Hit USD 252 Billion by 2031, at a CAGR of 32.3%

Based on Offering, the market is segmented into Software, Hardware, and Services. Based on Technology, the market is segmented into Machine Learning, Natural Language Processing, Computer Vision, and Others. Based on Solution, the market is segmented into Chatbots, Fraud Detection & Prevention, Customer Relationship Management, Data Analytics & Prediction, Anti-Money Laundering, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

  • Microsoft Corporation
  • IBM Corporation
  • Palantir Technologies Inc.
  • Salesforce, Inc.
  • SAP SE
  • Baidu, Inc.
  • Google LLC (Alphabet Inc.)
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • Oracle Corporation
  • Intel Corporation

Europe Artificial Intelligence in BFSI Market Report Segmentation

By Offering

  • Software
  • Hardware
  • Services

By Technology

  • Machine Learning
  • Natural Language Processing
  • Computer Vision
  • Others

By Solution

  • Chatbots
  • Fraud Detection & Prevention
  • Customer Relationship Management
  • Data Analytics & Prediction
  • Anti-Money Laundering
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Artificial Intelligence in BFSI Market, by Offering
1.4.2 Europe Artificial Intelligence in BFSI Market, by Technology
1.4.3 Europe Artificial Intelligence in BFSI Market, by Solution
1.4.4 Europe Artificial Intelligence in BFSI Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnership, Collaborations and Agreements: 2021, Jun – 2024, Apr) Leading Players
4.5 Porter’s Five Forces Analysis

Chapter 5. Europe Artificial Intelligence in BFSI Market by Offering
5.1 Europe Software Market by Country
5.2 Europe Hardware Market by Country
5.3 Europe Services Market by Country

Chapter 6. Europe Artificial Intelligence in BFSI Market by Technology
6.1 Europe Machine Learning Market by Country
6.2 Europe Natural Language Processing Market by Country
6.3 Europe Computer Vision Market by Country
6.4 Europe Others Market by Country

Chapter 7. Europe Artificial Intelligence in BFSI Market by Solution
7.1 Europe Chatbots Market by Country
7.2 Europe Fraud Detection & Prevention Market by Country
7.3 Europe Customer Relationship Management Market by Country
7.4 Europe Data Analytics & Prediction Market by Country
7.5 Europe Anti-Money Laundering Market by Country
7.6 Europe Others Market by Country

Chapter 8. Europe Artificial Intelligence in BFSI Market by Country
8.1 Germany Artificial Intelligence in BFSI Market
8.1.1 Germany Artificial Intelligence in BFSI Market by Offering
8.1.2 Germany Artificial Intelligence in BFSI Market by Technology
8.1.3 Germany Artificial Intelligence in BFSI Market by Solution
8.2 UK Artificial Intelligence in BFSI Market
8.2.1 UK Artificial Intelligence in BFSI Market by Offering
8.2.2 UK Artificial Intelligence in BFSI Market by Technology
8.2.3 UK Artificial Intelligence in BFSI Market by Solution
8.3 France Artificial Intelligence in BFSI Market
8.3.1 France Artificial Intelligence in BFSI Market by Offering
8.3.2 France Artificial Intelligence in BFSI Market by Technology
8.3.3 France Artificial Intelligence in BFSI Market by Solution
8.4 Russia Artificial Intelligence in BFSI Market
8.4.1 Russia Artificial Intelligence in BFSI Market by Offering
8.4.2 Russia Artificial Intelligence in BFSI Market by Technology
8.4.3 Russia Artificial Intelligence in BFSI Market by Solution
8.5 Spain Artificial Intelligence in BFSI Market
8.5.1 Spain Artificial Intelligence in BFSI Market by Offering
8.5.2 Spain Artificial Intelligence in BFSI Market by Technology
8.5.3 Spain Artificial Intelligence in BFSI Market by Solution
8.6 Italy Artificial Intelligence in BFSI Market
8.6.1 Italy Artificial Intelligence in BFSI Market by Offering
8.6.2 Italy Artificial Intelligence in BFSI Market by Technology
8.6.3 Italy Artificial Intelligence in BFSI Market by Solution
8.7 Rest of Europe Artificial Intelligence in BFSI Market
8.7.1 Rest of Europe Artificial Intelligence in BFSI Market by Offering
8.7.2 Rest of Europe Artificial Intelligence in BFSI Market by Technology
8.7.3 Rest of Europe Artificial Intelligence in BFSI Market by Solution

Chapter 9. Company Profiles
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.6 SWOT Analysis
9.2 IBM Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional & Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Palantir Technologies Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 Salesforce, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 SAP SE
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.6 SWOT Analysis
9.6 Baidu, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Google LLC (Alphabet Inc.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.5 SWOT Analysis
9.9 Oracle Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Intel Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.11 SWOT Analysis
TABLE 1 Europe Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 2 Europe Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Artificial Intelligence in BFSI Market
TABLE 4 Product Launches And Product Expansions– Artificial Intelligence in BFSI Market
TABLE 5 Acquisition and Mergers– Artificial Intelligence in BFSI Market
TABLE 6 Europe Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 7 Europe Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 8 Europe Software Market by Country, 2020 - 2023, USD Million
TABLE 9 Europe Software Market by Country, 2024 - 2031, USD Million
TABLE 10 Europe Hardware Market by Country, 2020 - 2023, USD Million
TABLE 11 Europe Hardware Market by Country, 2024 - 2031, USD Million
TABLE 12 Europe Services Market by Country, 2020 - 2023, USD Million
TABLE 13 Europe Services Market by Country, 2024 - 2031, USD Million
TABLE 14 Europe Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 15 Europe Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 16 Europe Machine Learning Market by Country, 2020 - 2023, USD Million
TABLE 17 Europe Machine Learning Market by Country, 2024 - 2031, USD Million
TABLE 18 Europe Natural Language Processing Market by Country, 2020 - 2023, USD Million
TABLE 19 Europe Natural Language Processing Market by Country, 2024 - 2031, USD Million
TABLE 20 Europe Computer Vision Market by Country, 2020 - 2023, USD Million
TABLE 21 Europe Computer Vision Market by Country, 2024 - 2031, USD Million
TABLE 22 Europe Others Market by Country, 2020 - 2023, USD Million
TABLE 23 Europe Others Market by Country, 2024 - 2031, USD Million
TABLE 24 Europe Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 25 Europe Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 26 Europe Chatbots Market by Country, 2020 - 2023, USD Million
TABLE 27 Europe Chatbots Market by Country, 2024 - 2031, USD Million
TABLE 28 Europe Fraud Detection & Prevention Market by Country, 2020 - 2023, USD Million
TABLE 29 Europe Fraud Detection & Prevention Market by Country, 2024 - 2031, USD Million
TABLE 30 Europe Customer Relationship Management Market by Country, 2020 - 2023, USD Million
TABLE 31 Europe Customer Relationship Management Market by Country, 2024 - 2031, USD Million
TABLE 32 Europe Data Analytics & Prediction Market by Country, 2020 - 2023, USD Million
TABLE 33 Europe Data Analytics & Prediction Market by Country, 2024 - 2031, USD Million
TABLE 34 Europe Anti-Money Laundering Market by Country, 2020 - 2023, USD Million
TABLE 35 Europe Anti-Money Laundering Market by Country, 2024 - 2031, USD Million
TABLE 36 Europe Others Market by Country, 2020 - 2023, USD Million
TABLE 37 Europe Others Market by Country, 2024 - 2031, USD Million
TABLE 38 Europe Artificial Intelligence in BFSI Market by Country, 2020 - 2023, USD Million
TABLE 39 Europe Artificial Intelligence in BFSI Market by Country, 2024 - 2031, USD Million
TABLE 40 Germany Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 41 Germany Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 42 Germany Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 43 Germany Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 44 Germany Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 45 Germany Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 46 Germany Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 47 Germany Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 48 UK Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 49 UK Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 50 UK Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 51 UK Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 52 UK Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 53 UK Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 54 UK Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 55 UK Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 56 France Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 57 France Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 58 France Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 59 France Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 60 France Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 61 France Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 62 France Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 63 France Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 64 Russia Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 65 Russia Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 66 Russia Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 67 Russia Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 68 Russia Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 69 Russia Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 70 Russia Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 71 Russia Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 72 Spain Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 73 Spain Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 74 Spain Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 75 Spain Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 76 Spain Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 77 Spain Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 78 Spain Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 79 Spain Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 80 Italy Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 81 Italy Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 82 Italy Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 83 Italy Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 84 Italy Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 85 Italy Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 86 Italy Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 87 Italy Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 88 Rest of Europe Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 89 Rest of Europe Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 90 Rest of Europe Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 91 Rest of Europe Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 92 Rest of Europe Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 93 Rest of Europe Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 94 Rest of Europe Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 95 Rest of Europe Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 96 Key Information – Microsoft Corporation
TABLE 97 Key Information – IBM Corporation
TABLE 98 Key Information – Palantir Technologies Inc.
TABLE 99 Key Information – Salesforce, Inc.
TABLE 100 Key Information – SAP SE
TABLE 101 Key Information – Baidu, Inc.
TABLE 102 Key Information – Google LLC
TABLE 103 Key Information – Amazon Web Services, Inc.
TABLE 104 Key Information – Oracle Corporation
TABLE 105 Key Information – Intel Corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Artificial Intelligence in BFSI Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Artificial Intelligence Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (PARTNERSHIP, collaborations and agreements: 2021, Jun – 2024, apr) Leading Players
FIG 8 Porter’s Five Forces Analysis - Artificial Intelligence in BFSI
FIG 9 Europe Artificial Intelligence in BFSI Market share by Offering, 2023
FIG 10 Europe Artificial Intelligence in BFSI Market share by Offering, 2031
FIG 11 Europe Artificial Intelligence in BFSI Market by Offering, 2020 - 2031, USD Million
FIG 12 Europe Artificial Intelligence in BFSI Market share by Technology, 2023
FIG 13 Europe Artificial Intelligence in BFSI Market share by Technology, 2031
FIG 14 Europe Artificial Intelligence in BFSI Market by Technology, 2020 - 2031, USD Million
FIG 15 Europe Artificial Intelligence in BFSI Market share by Solution, 2023
FIG 16 Europe Artificial Intelligence in BFSI Market share by Solution, 2031
FIG 17 Europe Artificial Intelligence in BFSI Market by Solution, 2020 - 2031, USD Million
FIG 18 Europe Artificial Intelligence in BFSI Market share by Country, 2023
FIG 19 Europe Artificial Intelligence in BFSI Market share by Country, 2031
FIG 20 Europe Artificial Intelligence in BFSI Market by Country, 2020 - 2031, USD Million
FIG 21 SWOT Analysis: Microsoft Corporation
FIG 22 Recent strategies and developments: IBM Corporation
FIG 23 SWOT Analysis: IBM Corporation
FIG 24 SWOT Analysis: Palantir Technologies Inc.
FIG 25 Recent strategies and developments: Salesforce, Inc.
FIG 26 SWOT Analysis: Salesforce, Inc.
FIG 27 SWOT Analysis: SAP SE
FIG 28 SWOT Analysis: Baidu, Inc.
FIG 29 Recent strategies and developments: Google LLC
FIG 30 SWOT Analysis: Google LLC
FIG 31 SWOT Analysis: Amazon Web Services, Inc.
FIG 32 Recent strategies and developments: Oracle Corporation
FIG 33 SWOT Analysis: Oracle Corporation
FIG 34 SWOT Analysis: Intel corporation

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