The Europe Artificial Intelligence In Fintech Market would witness market growth of 16.5% CAGR during the forecast period (2022-2028).
The market is being driven by the growing need for process automation among financial institutions. In financial institutions, process automation is one of the most important factors fueling the demand for artificial intelligence. Moreover, cognitive process automation is advancing, allowing AI systems to perform progressively more complicated automation procedures.
It's important to figure out which operations the organization needs to enhance with AI and whether the technology would be used partially or entirely. It will become familiar with the technology, incorporate it into the company's culture, and tailor AI to the company's commercial objectives. Employees must determine what requires to be accomplished and how technology may be used effectively.
It is the most challenging part of bringing AI into a company. Some businesses are adopting the technology since it is popular. They are unaware of its importance and long-term implications. A sophisticated algorithm opens up a slew of possibilities, as we've seen. It is indeed important to prioritize use cases and weigh the pros and downsides of each. As a result, the business will know how to begin developing AI software.
Technology has the potential to improve transparency and efficiency, lower costs, and provide financial services to the most vulnerable. As institutions are impacted by the current wave of digital innovation, both society and businesses stand to benefit from these developments. The United Kingdom has long been a leader in the financial services industry. FinTech's quick rise in the UK and geographical reach has been fueled by a perfect combination of expanding technological demand, correct touch regulation, and user participation in financial services, as well as the sector's response to the financial crisis.
The United Kingdom is the world's largest FinTech centre, with a robust ecosystem and a worldwide talent pool encompasses the entire country. UK government is continuing to set the worldwide standard for the application of technology, and much more widely, innovation in financial services, with a growing percentage of FinTech firms exporting abroad from the nation. Due to these factors and rise in investment, the growth of the regional artificial intelligence in fintech market would spur in the coming years.
The Germany market dominated the Europe Artificial Intelligence In Fintech Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,684.4 Million by 2028. The UK market is experiencing a CAGR of 15.5% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 17.4% during (2022 - 2028).
Based on Component, the market is segmented into Solutions and Services. Based on Deployment, the market is segmented into On-premise and Cloud. Based on Application, the market is segmented into Business Analytics & Reporting, Customer Behavioral Analytics, Fraud Detection, Virtual Assistant (Chatbots), Quantitative & Asset Management and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Artificial Intelligence In Fintech Market is Projected to reach USD 25.8 Billion by 2028, at a CAGR of 16.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Microsoft Corporation, Google LLC, Intel Corporation, Salesforce.com, Inc., Amazon Web Services, Inc., ComplyAdvantage, Amelia US LLC, and Inbenta Technologies, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Deployment
By Application
- Business Analytics & Reporting
- Customer Behavioral Analytics
- Fraud Detection
- Virtual Assistant (Chatbots)
- Quantitative & Asset Management
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Oracle Corporation
- Microsoft Corporation
- Google LLC
- Intel Corporation
- Salesforce.com, Inc.
- Amazon Web Services, Inc.
- ComplyAdvantage
- Amelia US LLC
- Inbenta Technologies, Inc.
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 Fintech Market, by Component
1.4.2 Europe Artificial Intelligence In Fintech Market, by Deployment
1.4.3 Europe Artificial Intelligence In Fintech Market, by Application
1.4.4 Europe Artificial Intelligence In Fintech Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Market Share Analysis, 2021
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2018, Nov – 2022, Jun) Leading Players
Chapter 4. Europe Artificial Intelligence In Fintech Market by Component
4.1 Europe Solutions Market by Country
4.2 Europe Services Market by Country
Chapter 5. Europe Artificial Intelligence In Fintech Market by Deployment
5.1 Europe On-premise Market by Country
5.2 Europe Cloud Market by Country
Chapter 6. Europe Artificial Intelligence In Fintech Market by Application
6.1 Europe Business Analytics & Reporting Market by Country
6.2 Europe Customer Behavioural Analytics Market by Country
6.3 Europe Fraud Detection Market by Country
6.4 Europe Virtual Assistant (Chatbots) Market by Country
6.5 Europe Quantitative & Asset Management Market by Country
6.6 Europe Others Market by Country
Chapter 7. Europe Artificial Intelligence In Fintech Market by Country
7.1 Germany Artificial Intelligence In Fintech Market
7.1.1 Germany Artificial Intelligence In Fintech Market by Component
7.1.2 Germany Artificial Intelligence In Fintech Market by Deployment
7.1.3 Germany Artificial Intelligence In Fintech Market by Application
7.2 UK Artificial Intelligence In Fintech Market
7.2.1 UK Artificial Intelligence In Fintech Market by Component
7.2.2 UK Artificial Intelligence In Fintech Market by Deployment
7.2.3 UK Artificial Intelligence In Fintech Market by Application
7.3 France Artificial Intelligence In Fintech Market
7.3.1 France Artificial Intelligence In Fintech Market by Component
7.3.2 France Artificial Intelligence In Fintech Market by Deployment
7.3.3 France Artificial Intelligence In Fintech Market by Application
7.4 Russia Artificial Intelligence In Fintech Market
7.4.1 Russia Artificial Intelligence In Fintech Market by Component
7.4.2 Russia Artificial Intelligence In Fintech Market by Deployment
7.4.3 Russia Artificial Intelligence In Fintech Market by Application
7.5 Spain Artificial Intelligence In Fintech Market
7.5.1 Spain Artificial Intelligence In Fintech Market by Component
7.5.2 Spain Artificial Intelligence In Fintech Market by Deployment
7.5.3 Spain Artificial Intelligence In Fintech Market by Application
7.6 Italy Artificial Intelligence In Fintech Market
7.6.1 Italy Artificial Intelligence In Fintech Market by Component
7.6.2 Italy Artificial Intelligence In Fintech Market by Deployment
7.6.3 Italy Artificial Intelligence In Fintech Market by Application
7.7 Rest of Europe Artificial Intelligence In Fintech Market
7.7.1 Rest of Europe Artificial Intelligence In Fintech Market by Component
7.7.2 Rest of Europe Artificial Intelligence In Fintech Market by Deployment
7.7.3 Rest of Europe Artificial Intelligence In Fintech Market by Application
Chapter 8. Company Profiles
8.1 IBM Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Oracle Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Microsoft Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Google LLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Intel Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Salesforce.com, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Amazon Web Services, Inc. (Amazon.com, Inc.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.8 ComplyAdvantage
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Product Launches and Product Expansions:
8.9 Amelia US LLC (IPSoft)
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Product Launches and Product Expansions:
8.10. Inbenta technologies, Inc.
8.10.1 Company Overview
TABLE 1 Europe Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 2 Europe Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Artificial Intelligence In Fintech Market
TABLE 4 Product Launches And Product Expansions– Artificial Intelligence In Fintech Market
TABLE 5 Acquisition and Mergers– Artificial Intelligence In Fintech Market
TABLE 6 Europe Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 7 Europe Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 8 Europe Solutions Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Solutions Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 11 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 12 Europe Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 13 Europe Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 14 Europe On-premise Market by Country, 2018 - 2021, USD Million
TABLE 15 Europe On-premise Market by Country, 2022 - 2028, USD Million
TABLE 16 Europe Cloud Market by Country, 2018 - 2021, USD Million
TABLE 17 Europe Cloud Market by Country, 2022 - 2028, USD Million
TABLE 18 Europe Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 19 Europe Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 20 Europe Business Analytics & Reporting Market by Country, 2018 - 2021, USD Million
TABLE 21 Europe Business Analytics & Reporting Market by Country, 2022 - 2028, USD Million
TABLE 22 Europe Customer Behavioural Analytics Market by Country, 2018 - 2021, USD Million
TABLE 23 Europe Customer Behavioural Analytics Market by Country, 2022 - 2028, USD Million
TABLE 24 Europe Fraud Detection Market by Country, 2018 - 2021, USD Million
TABLE 25 Europe Fraud Detection Market by Country, 2022 - 2028, USD Million
TABLE 26 Europe Virtual Assistant (Chatbots) Market by Country, 2018 - 2021, USD Million
TABLE 27 Europe Virtual Assistant (Chatbots) Market by Country, 2022 - 2028, USD Million
TABLE 28 Europe Quantitative & Asset Management Market by Country, 2018 - 2021, USD Million
TABLE 29 Europe Quantitative & Asset Management Market by Country, 2022 - 2028, USD Million
TABLE 30 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 31 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 32 Europe Artificial Intelligence In Fintech Market by Country, 2018 - 2021, USD Million
TABLE 33 Europe Artificial Intelligence In Fintech Market by Country, 2022 - 2028, USD Million
TABLE 34 Germany Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 35 Germany Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 36 Germany Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 37 Germany Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 38 Germany Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 39 Germany Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 40 Germany Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 41 Germany Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 42 UK Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 43 UK Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 44 UK Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 45 UK Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 46 UK Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 47 UK Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 48 UK Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 49 UK Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 50 France Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 51 France Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 52 France Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 53 France Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 54 France Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 55 France Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 56 France Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 57 France Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 58 Russia Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 59 Russia Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 60 Russia Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 61 Russia Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 62 Russia Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 63 Russia Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 64 Russia Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 65 Russia Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 66 Spain Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 67 Spain Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 68 Spain Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 69 Spain Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 70 Spain Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 71 Spain Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 72 Spain Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 73 Spain Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 74 Italy Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 75 Italy Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 76 Italy Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 77 Italy Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 78 Italy Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 79 Italy Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 80 Italy Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 81 Italy Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 82 Rest of Europe Artificial Intelligence In Fintech Market, 2018 - 2021, USD Million
TABLE 83 Rest of Europe Artificial Intelligence In Fintech Market, 2022 - 2028, USD Million
TABLE 84 Rest of Europe Artificial Intelligence In Fintech Market by Component, 2018 - 2021, USD Million
TABLE 85 Rest of Europe Artificial Intelligence In Fintech Market by Component, 2022 - 2028, USD Million
TABLE 86 Rest of Europe Artificial Intelligence In Fintech Market by Deployment, 2018 - 2021, USD Million
TABLE 87 Rest of Europe Artificial Intelligence In Fintech Market by Deployment, 2022 - 2028, USD Million
TABLE 88 Rest of Europe Artificial Intelligence In Fintech Market by Application, 2018 - 2021, USD Million
TABLE 89 Rest of Europe Artificial Intelligence In Fintech Market by Application, 2022 - 2028, USD Million
TABLE 90 Key information – IBM Corporation
TABLE 91 Key Information – Oracle Corporation
TABLE 92 key information – Microsoft Corporation
TABLE 93 Key Information – Google LLC
TABLE 94 Key Information – Intel Corporation
TABLE 95 Key Information –Salesforce.com, Inc.
TABLE 96 Key Information – AMAZON WEB SERVICES, INC.
TABLE 97 Key Information – ComplyAdvantage
TABLE 98 Key Information – Amelia US LLC
TABLE 99 Key Information – Inbenta Technologies, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2021
FIG 4 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 5 Key Strategic Move: (Partnerships, collaborations and agreements : 2018, nov – 2022, Jun) Leading Players
FIG 6 Recent strategies and developments: IBM Corporation
FIG 7 Swot analysis: IBM Corporation
FIG 8 Recent strategies and developments: Oracle Corporation
FIG 9 SWOT analysis: Oracle Corporation
FIG 10 Recent strategies and developments: Microsoft Corporation
FIG 11 SWOT Analysis: Microsoft Corporation
FIG 12 Recent strategies and developments: Google LLC
FIG 13 SWOT Analysis: Alphabet Inc. (Google Inc.)
FIG 14 Recent strategies and developments: Intel Corporation
FIG 15 SWOT analysis: Intel corporation
FIG 16 Recent strategies and developments: Salesforce.com, Inc.
FIG 17 SWOT Analysis: Salesforce.com Inc.
FIG 18 Recent strategies and developments: ComplyAdvantage