LAMEA 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

The Latin America, Middle East, and Africa Artificial Intelligence in BFSI Market would witness market growth of 34.7% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA 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 $6,447.6 million by 2031. The Argentina market is showcasing a CAGR of 35.5% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 34.3% during (2024 - 2031).

AI-driven predictive analytics models help BFSI institutions assess credit risk, detect fraudulent activities, and monitor compliance with regulatory requirements. AI algorithms are increasingly utilized in algorithmic trading, and investment decision-making. These algorithms analyze market trends, news sentiment, and macroeconomic indicators to generate trading signals and optimize investment strategies, enhancing portfolio performance and mitigating market risks.

The landscape of AI in BFSI is continually evolving, driven by emerging trends, technological innovations, and evolving customer demands. As AI systems become more sophisticated, there is a growing emphasis on explainability and transparency in AI decision-making processes. Explainable AI (XAI) techniques enable BFSI institutions to understand, interpret, and communicate the rationale behind AI-driven decisions, enhancing trust and accountability.

The rising banking sector in the UAE is driving increased adoption of AI technologies within the BFSI industry, enabling banks to enhance operational efficiency, improve risk management practices, and deliver more personalized services to their customers. According to data from the Government of UAE, at the end of the fourth quarter of 2021, the total assets of banks operating in the UAE increased by 2.3% (q-o-q), reaching AED 3,321.5 billion. During the period between December 2020 and December 2021, the total assets of banks operating in the UAE increased by 4.2% (y-o-y). Gross credit increased by 1.0% (q-o-q), reaching 1,794.0 billion at the end of December 2021. On an annual basis, gross credit increased by 0.8%. Therefore, the growing banking sector in LAMEA will assist in the growth of the regional market.

Free Valuable Insights: The Worldwide Artificial Intelligence in BFSI Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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

LAMEA 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

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Artificial Intelligence in BFSI Market, by Offering
1.4.2 LAMEA Artificial Intelligence in BFSI Market, by Technology
1.4.3 LAMEA Artificial Intelligence in BFSI Market, by Solution
1.4.4 LAMEA 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. LAMEA Artificial Intelligence in BFSI Market by Offering
5.1 LAMEA Software Market by Country
5.2 LAMEA Hardware Market by Country
5.3 LAMEA Services Market by Country

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

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

Chapter 8. LAMEA Artificial Intelligence in BFSI Market by Country
8.1 Brazil Artificial Intelligence in BFSI Market
8.1.1 Brazil Artificial Intelligence in BFSI Market by Offering
8.1.2 Brazil Artificial Intelligence in BFSI Market by Technology
8.1.3 Brazil Artificial Intelligence in BFSI Market by Solution
8.2 Argentina Artificial Intelligence in BFSI Market
8.2.1 Argentina Artificial Intelligence in BFSI Market by Offering
8.2.2 Argentina Artificial Intelligence in BFSI Market by Technology
8.2.3 Argentina Artificial Intelligence in BFSI Market by Solution
8.3 UAE Artificial Intelligence in BFSI Market
8.3.1 UAE Artificial Intelligence in BFSI Market by Offering
8.3.2 UAE Artificial Intelligence in BFSI Market by Technology
8.3.3 UAE Artificial Intelligence in BFSI Market by Solution
8.4 Saudi Arabia Artificial Intelligence in BFSI Market
8.4.1 Saudi Arabia Artificial Intelligence in BFSI Market by Offering
8.4.2 Saudi Arabia Artificial Intelligence in BFSI Market by Technology
8.4.3 Saudi Arabia Artificial Intelligence in BFSI Market by Solution
8.5 South Africa Artificial Intelligence in BFSI Market
8.5.1 South Africa Artificial Intelligence in BFSI Market by Offering
8.5.2 South Africa Artificial Intelligence in BFSI Market by Technology
8.5.3 South Africa Artificial Intelligence in BFSI Market by Solution
8.6 Nigeria Artificial Intelligence in BFSI Market
8.6.1 Nigeria Artificial Intelligence in BFSI Market by Offering
8.6.2 Nigeria Artificial Intelligence in BFSI Market by Technology
8.6.3 Nigeria Artificial Intelligence in BFSI Market by Solution
8.7 Rest of LAMEA Artificial Intelligence in BFSI Market
8.7.1 Rest of LAMEA Artificial Intelligence in BFSI Market by Offering
8.7.2 Rest of LAMEA Artificial Intelligence in BFSI Market by Technology
8.7.3 Rest of LAMEA 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 LAMEA Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 2 LAMEA 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 LAMEA Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 7 LAMEA Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 8 LAMEA Software Market by Country, 2020 - 2023, USD Million
TABLE 9 LAMEA Software Market by Country, 2024 - 2031, USD Million
TABLE 10 LAMEA Hardware Market by Country, 2020 - 2023, USD Million
TABLE 11 LAMEA Hardware Market by Country, 2024 - 2031, USD Million
TABLE 12 LAMEA Services Market by Country, 2020 - 2023, USD Million
TABLE 13 LAMEA Services Market by Country, 2024 - 2031, USD Million
TABLE 14 LAMEA Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 15 LAMEA Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 16 LAMEA Machine Learning Market by Country, 2020 - 2023, USD Million
TABLE 17 LAMEA Machine Learning Market by Country, 2024 - 2031, USD Million
TABLE 18 LAMEA Natural Language Processing Market by Country, 2020 - 2023, USD Million
TABLE 19 LAMEA Natural Language Processing Market by Country, 2024 - 2031, USD Million
TABLE 20 LAMEA Computer Vision Market by Country, 2020 - 2023, USD Million
TABLE 21 LAMEA Computer Vision Market by Country, 2024 - 2031, USD Million
TABLE 22 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 23 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 24 LAMEA Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 25 LAMEA Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 26 LAMEA Chatbots Market by Country, 2020 - 2023, USD Million
TABLE 27 LAMEA Chatbots Market by Country, 2024 - 2031, USD Million
TABLE 28 LAMEA Fraud Detection & Prevention Market by Country, 2020 - 2023, USD Million
TABLE 29 LAMEA Fraud Detection & Prevention Market by Country, 2024 - 2031, USD Million
TABLE 30 LAMEA Customer Relationship Management Market by Country, 2020 - 2023, USD Million
TABLE 31 LAMEA Customer Relationship Management Market by Country, 2024 - 2031, USD Million
TABLE 32 LAMEA Data Analytics & Prediction Market by Country, 2020 - 2023, USD Million
TABLE 33 LAMEA Data Analytics & Prediction Market by Country, 2024 - 2031, USD Million
TABLE 34 LAMEA Anti-Money Laundering Market by Country, 2020 - 2023, USD Million
TABLE 35 LAMEA Anti-Money Laundering Market by Country, 2024 - 2031, USD Million
TABLE 36 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 37 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 38 LAMEA Artificial Intelligence in BFSI Market by Country, 2020 - 2023, USD Million
TABLE 39 LAMEA Artificial Intelligence in BFSI Market by Country, 2024 - 2031, USD Million
TABLE 40 Brazil Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 41 Brazil Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 42 Brazil Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 43 Brazil Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 44 Brazil Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 45 Brazil Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 46 Brazil Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 47 Brazil Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 48 Argentina Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 49 Argentina Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 50 Argentina Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 51 Argentina Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 52 Argentina Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 53 Argentina Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 54 Argentina Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 55 Argentina Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 56 UAE Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 57 UAE Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 58 UAE Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 59 UAE Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 60 UAE Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 61 UAE Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 62 UAE Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 63 UAE Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 64 Saudi Arabia Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 65 Saudi Arabia Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 66 Saudi Arabia Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 67 Saudi Arabia Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 68 Saudi Arabia Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 69 Saudi Arabia Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 70 Saudi Arabia Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 71 Saudi Arabia Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 72 South Africa Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 73 South Africa Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 74 South Africa Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 75 South Africa Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 76 South Africa Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 77 South Africa Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 78 South Africa Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 79 South Africa Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 80 Nigeria Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 81 Nigeria Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 82 Nigeria Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 83 Nigeria Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 84 Nigeria Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 85 Nigeria Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 86 Nigeria Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 87 Nigeria Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
TABLE 88 Rest of LAMEA Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
TABLE 89 Rest of LAMEA Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
TABLE 90 Rest of LAMEA Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
TABLE 91 Rest of LAMEA Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
TABLE 92 Rest of LAMEA Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
TABLE 93 Rest of LAMEA Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
TABLE 94 Rest of LAMEA Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
TABLE 95 Rest of LAMEA 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 LAMEA 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 LAMEA Artificial Intelligence in BFSI Market share by Offering, 2023
FIG 10 LAMEA Artificial Intelligence in BFSI Market share by Offering, 2031
FIG 11 LAMEA Artificial Intelligence in BFSI Market by Offering, 2020 - 2031, USD Million
FIG 12 LAMEA Artificial Intelligence in BFSI Market share by Technology, 2023
FIG 13 LAMEA Artificial Intelligence in BFSI Market share by Technology, 2031
FIG 14 LAMEA Artificial Intelligence in BFSI Market by Technology, 2020 - 2031, USD Million
FIG 15 LAMEA Artificial Intelligence in BFSI Market share by Solution, 2023
FIG 16 LAMEA Artificial Intelligence in BFSI Market share by Solution, 2031
FIG 17 LAMEA Artificial Intelligence in BFSI Market by Solution, 2020 - 2031, USD Million
FIG 18 LAMEA Artificial Intelligence in BFSI Market share by Country, 2023
FIG 19 LAMEA Artificial Intelligence in BFSI Market share by Country, 2031
FIG 20 LAMEA 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