AI in Asset Management Market

1. AI in Asset Management Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global AI in asset management market size was estimated at USD 1.48 billion in 2020 and is anticipated to expand at a CAGR of 37.1% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing adoption of Artificial intelligence (AI) in the wealth management industry and asset management. The asset management is a process of controlling the assets for the company to achieve efficient management of resources and obtain good results. The use of AI has made the process advanced and produces effective results with less time and effort. The AI model analyzes the large quantity of real-time data of financial transactions of the company to produce efficient reports. The integration of artificial intelligence with the wealth and asset management offers several benefits, such as better customer experience and interfaces, improving the operational efficiency, and investment processes. Major applications of AI to incline the operational efficiency include quality checking, monitoring, and the exception handling of the large quantity of data on financial instruments. Optimizing data quality is of the highest importance as it decreases the operational risks and assists in client retention. Request Sample link :- https://growthmarketreports.com/request-sample/2258 Market Trends, Drivers, Restraints, and Opportunities  AI-enabled solutions, such as Chabot or conversational platforms have enhanced customer interactions and related services is driving the market for fast pace growth in the coming future. Favorable government initiatives for the implementation of the AI is propelling the market in the forecast period. Constantly rising data volumes, low-interest rates, and strict regulations are stimulating the asset managers to modify their traditional business strategies, which is propelling the market in the forecast period.  

2.  Connection of domain-enriched ML (machine learning), knowledge, and NLP techniques are being adopted by various organization to provide enhanced investment and financial services is pushing the market for considerable growth in the projected period. The increasing acceptance of AI technology in the world demonstrates huge opportunities for the market in the coming years.  Market Segment Insights: Machine learning segment is expected to grow at a rapid pace Based on technology, the global AI in asset managementmarket is divided into machine learning, natural language processing, and others. The machine learning segment is expected to grow at a rapid pace. The segment showed revenue share of 65% in year 2019. This is because of the rising automation of process in manufacturing industries. Machine learning (ML) the natural evolution of technology as machines has the ability to sort the huge datasets as well as extract information by detecting outliers and patterns. ML is applied in the asset management systems to incline the efficiency and accuracy of operational workflow, improve the system performance, and enhance the customer experience. Enquiry Link :-https://growthmarketreports.com/enquiry-before-buying/2258 Competitive Landscape The key players in the global AI in asset managementmarket are Amazon Web Services, Inc.; BlackRock, Inc.; Microsoft; CapitalG; Infosys Limited; Lexalytics; Charles Schwab & Co., Inc.; International Business Machines Corporation; IPsoft Inc.; Genpact; Next IT Corp.; Narrative Science; S&P Global; and Salesforce.com, Inc.. These key players have adopted a series of market strategies including new product launching, entering into partnership, collaboration, and production expansion to enhance their market position and expand their consumer base. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter