The global artificial intelligence (AI) in banking market is anticipated to grow at a CAGR of 25.1% during the forecast period (2023-2030). There is an exponential increase in the number of people using mobile devices and internet such as smart phones and tablets according to International Telecommunication Union, that approximately 5.4 billion people – or 67 per cent of the world’s population – are using the Internet in 2023. This represents an increase of 45 per cent since 2018, with 1.7 billion people estimated to have come online during that period.
Browse the full report description of “Artificial Intelligence (AI) in Banking Market Size, Share & Trends Analysis Report by Technology (Natural Language Processing (NLP), Machine Learning & Deep Learning, Computer Vision and Others by Component (Software and Services and Hardware), and by Application (AI-Powered chatbot, Mobile Banking, Customer Service, Risk Management Compliance & Security, and Others), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/artificial-intelligence-ai-in-banking-market
However, this leaves 2.6 billion people still offline. use of online and mobile banking channels across countries has increased by an estimated 20 to 50 percent and is expected to continue at this higher level once the pandemic subsides. Across diverse global markets, between 15 and 45 percent of consumers expect to cut back on branch visits following the end of the crisis. The mobile app empowers highlights duplicate services and high bills and suggests possible actions, such as reducing the number of subscriptions or negotiating for more competitive mobile- phone fees, and recommends options for reducing bank fees.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Technology
o By Component
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes bigML, Inc.,hewlett packard enterprise development LP, intel corp., amazon web services Inc., cisco systems, Inc. and others
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Artificial Intelligence (AI) in Banking Market Report Segment
By Technology
By Component
By Application
Global Artificial Intelligence (AI) in Banking Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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