North America Artificial Intelligence in Fintech Market Report 2022-2028: With Key Players IBM, Oracle, Microsoft, Google, Intel, Salesforce, Amazon Web Services, ComplyAdvantage, Amelia and Inbenta
Dublin, Aug. 12, 2022 (GLOBE NEWSWIRE) — The “North America Artificial Intelligence in Fintech Market Size, Share and Trend Analysis Report by Component (Solutions and Services), by deployment (on-premises and cloud), by application, by country and growth forecast, 2022-2028″ report has been added to from ResearchAndMarkets.com offer.
The North American Artificial Intelligence in Fintech Market is expected to witness a market growth of 16.1% CAGR during the forecast period (2022-2028).
Artificial intelligence has improved customer service, which is among the most visible sectors of FinTech. Additionally, artificial intelligence has advanced to the point that chatbots, virtual assistants, and artificial intelligence interfaces can effectively interact with customers. The ability to answer basic questions has a huge impact on front-office and help-desk expenses.
Algorithmic trading analyzes data using a pre-programmed sequence of commands, enabling faster decision-making than humans. This is accomplished using machine learning, which is among the most adaptable AI technologies. In the financial sector, artificial intelligence has a lot of potential. It can help a business in a variety of ways, including increasing efficiency, reducing expenses, and automating procedures.
North America is one of the largest and most important global AI markets. Owing to the strong economy, the existence of major AI software and system vendors, and joint investments by organizations for the growth and development of R&D operations, the regional market has also witnessed the most strong adoption of AI in Fintech solutions. For example, the continued economic boom in the United States, according to Baker McKenzie, has attracted significant investment in the fintech sector. Payment and insurance technologies remain dominant in the country’s fintech environment.
Additionally, the region, particularly the United States, is home to a considerable proportion of the millennial population. In terms of speed and personalization, millennials clearly prefer getting things done through digital apps and services, which fintech companies are better at providing than banks. The region has some of the highest levels of citizen bank account penetration and the highest number of ATMs per 100,000 population. Thus, due to these factors, the growth of the regional AI on fintech market is expected to accelerate in the coming years.
The US Market Dominated the North American Artificial Intelligence in Fintech Market by Country in 2021 and is Expected to Continue to Be a Dominant Market Till 2028; thus reaching a market value of $7,444.2 million by 2028. The Canadian market is expected to grow at a CAGR of 18.7% during (2022-2028). Moreover, the Mexican market is expected to show a CAGR of 17.7% during (2022-2028).
Scope of the study
Market Segments Covered in the Report:
- Business Analytics and Reporting
- Customer behavior analysis
- Fraud detection
- Virtual assistant (chatbots)
- Quantitative and Asset Management
- Rest of North America
Main market players
- IBM Corporation
- Oracle Corporation
- Microsoft Corporation
- Google LLC
- intel company
- Salesforce.com, Inc.
- Amazon Web Services, Inc.
- Amelia US LLC
- Inbenta Technologies, Inc.
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
Chapter 3. Competitive Analysis – Global
Chapter 4. North America Artificial Intelligence in Fintech Market by Component
Chapter 5. North America Artificial Intelligence in Fintech Market by Deployment
Chapter 6. North America Artificial Intelligence in Fintech Market by Application
Chapter 7. North America Artificial Intelligence in Fintech Market by Country
Chapter 8. Business Profiles
For more information about this report, visit https://www.researchandmarkets.com/r/n23bvq
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