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Market Size u2013 USD 8.30 Billion in 2019, Market Growth u2013 at a CAGR of 42.9%, Market Trends u2013 Rise in capital venture investment in artificial intelligence (AI) companies.<br>
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AI in Banking Market Size Worth USD 130 Billion by 2027 www.emergenresearch.com Market Size – USD 8.30 Billion in 2019, Market Growth – at a CAGR of 42.9%, Market Trends – Rise in capital venture investment in artificial intelligence (AI) companies.
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Market Summary The global artificial intelligence (AI) in Banking market is expected to reach a market size of USD 130.00 Billion by 2027 and register a high revenue CAGR, according to latest analysis by Emergen Research. A key driving factor includes growing demand for advanced tools to enhance customer experience in the banking sector. Increasing demand for solutions to simplify banking operations is expected to further fuel growth of the global artificial intelligence (AI) market growth during the forecast period. Rising capital venture investment in artificial intelligence (AI) companies is also expected to propel global AI in banking market growth. www.emergenresearch.com
Market Summary Key Highlights of Report Due to increasing implementation of AI-driven applications in the banks, including customer relationship management (CRM), data analytics & visualization, and chatbot to enhance customer experience and back-office activities, the software segment is projected to register a significant revenue CAGR of 43.1% during the forecast period. In terms of market share, the deep learning & machine learning segment is expected to lead among the other technology segments in the global AI in the banking market during the forecast period due to growing adoption of deep learning & machine learning approach for risk assessment in banks. Increasing need to optimize customer engagement by introducing AI-driven virtual assistance and provide 24/7 customer services and answer customer queries and grievances is expected to contribute to revenue growth of the customer service segment in the global AI in the banking market during the forecast period. Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/483 www.emergenresearch.com
Market Summary Emergen Research has segmented the global AI in banking market on the basis of component, technology, application, solution, and region. Component Outlook (Revenue, USD Billion; 2020–2027) Service Hardware Software Technology Outlook (Revenue, USD Billion; 2020–2027) Natural Language Processing Deep Learning & Machine Learning Computer Vision Others Read More @ https://www.emergenresearch.com/industry-report/ai-in-banking-market
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