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PUBLISHER: KBV Research | PRODUCT CODE: 1484332
PUBLISHER: KBV Research | PRODUCT CODE: 1484332
Europe 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
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The Europe Artificial Intelligence in BFSI Market would witness market growth of 31.8% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe 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 $14,952.3 million by 2031. The UK market is exhibiting a CAGR of 30.6% during (2024 - 2031). Additionally, The France market would experience a CAGR of 32.9% during (2024 - 2031).
Early adopters of AI in BFSI gain a competitive edge by leveraging AI-driven insights to personalize offerings, optimize risk management, and enhance operational agility. By harnessing AI to automate processes, detect fraud, and deliver proactive customer support, BFSI organizations can differentiate themselves in a crowded market and build lasting customer relationships.
Artificial intelligence's application in BFSI spans various domains, including customer service, risk management, fraud detection, and regulatory compliance. AI-powered chatbots and virtual assistants enable BFSI institutions to provide round-the-clock customer support and assist with account management tasks. Natural language processing (NLP) algorithms enable these virtual agents to understand and enhancing the overall customer experience.
UK-based BFSI companies leverage AI-driven chatbots and virtual assistants to provide personalized customer support, streamline communication channels, and offer round-the-clock assistance. This enhances the overall customer experience and strengthens customer satisfaction levels. AI technologies are being deployed to enhance risk management and compliance processes within the UK BFSI sector. Machine learning algorithms analyze vast amounts of data to identify potential risks, detect fraudulent activities, and ensure regulatory compliance, safeguarding the interests of financial institutions and their customers. As per the data from the Government of the United Kingdom, the financial and professional services (FPS) industry produced £278bn of economic output in 2023, 12% of the entire UK's economic output, and £100bn in tax revenue. Hence, the rising BFSI sector in Europe will boost the demand for the market.
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
Europe 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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Europe Artificial Intelligence in BFSI Market, by Offering
- 1.4.2Europe Artificial Intelligence in BFSI Market, by Technology
- 1.4.3Europe Artificial Intelligence in BFSI Market, by Solution
- 1.4.4Europe Artificial Intelligence in BFSI Market, by Country
- 1.5Methodology for the research
Chapter 2.Market at a Glance
- 2.1Key Highlights
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.1.1Overview
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
Chapter 4.Competition Analysis - Global
- 4.1KBV Cardinal Matrix
- 4.2Recent Industry Wide Strategic Developments
- 4.2.1Partnerships, Collaborations and Agreements
- 4.2.2Product Launches and Product Expansions
- 4.2.3Acquisition and Mergers
- 4.3Market Share Analysis, 2023
- 4.4Top Winning Strategies
- 4.4.1Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2Key Strategic Move: (Partnership, Collaborations and Agreements: 2021, Jun - 2024, Apr) Leading Players
- 4.5Porter's Five Forces Analysis
Chapter 5.Europe Artificial Intelligence in BFSI Market by Offering
- 5.1Europe Software Market by Country
- 5.2Europe Hardware Market by Country
- 5.3Europe Services Market by Country
Chapter 6.Europe Artificial Intelligence in BFSI Market by Technology
- 6.1Europe Machine Learning Market by Country
- 6.2Europe Natural Language Processing Market by Country
- 6.3Europe Computer Vision Market by Country
- 6.4Europe Others Market by Country
Chapter 7.Europe Artificial Intelligence in BFSI Market by Solution
- 7.1Europe Chatbots Market by Country
- 7.2Europe Fraud Detection & Prevention Market by Country
- 7.3Europe Customer Relationship Management Market by Country
- 7.4Europe Data Analytics & Prediction Market by Country
- 7.5Europe Anti-Money Laundering Market by Country
- 7.6Europe Others Market by Country
Chapter 8.Europe Artificial Intelligence in BFSI Market by Country
- 8.1Germany Artificial Intelligence in BFSI Market
- 8.1.1Germany Artificial Intelligence in BFSI Market by Offering
- 8.1.2Germany Artificial Intelligence in BFSI Market by Technology
- 8.1.3Germany Artificial Intelligence in BFSI Market by Solution
- 8.2UK Artificial Intelligence in BFSI Market
- 8.2.1UK Artificial Intelligence in BFSI Market by Offering
- 8.2.2UK Artificial Intelligence in BFSI Market by Technology
- 8.2.3UK Artificial Intelligence in BFSI Market by Solution
- 8.3France Artificial Intelligence in BFSI Market
- 8.3.1France Artificial Intelligence in BFSI Market by Offering
- 8.3.2France Artificial Intelligence in BFSI Market by Technology
- 8.3.3France Artificial Intelligence in BFSI Market by Solution
- 8.4Russia Artificial Intelligence in BFSI Market
- 8.4.1Russia Artificial Intelligence in BFSI Market by Offering
- 8.4.2Russia Artificial Intelligence in BFSI Market by Technology
- 8.4.3Russia Artificial Intelligence in BFSI Market by Solution
- 8.5Spain Artificial Intelligence in BFSI Market
- 8.5.1Spain Artificial Intelligence in BFSI Market by Offering
- 8.5.2Spain Artificial Intelligence in BFSI Market by Technology
- 8.5.3Spain Artificial Intelligence in BFSI Market by Solution
- 8.6Italy Artificial Intelligence in BFSI Market
- 8.6.1Italy Artificial Intelligence in BFSI Market by Offering
- 8.6.2Italy Artificial Intelligence in BFSI Market by Technology
- 8.6.3Italy Artificial Intelligence in BFSI Market by Solution
- 8.7Rest of Europe Artificial Intelligence in BFSI Market
- 8.7.1Rest of Europe Artificial Intelligence in BFSI Market by Offering
- 8.7.2Rest of Europe Artificial Intelligence in BFSI Market by Technology
- 8.7.3Rest of Europe Artificial Intelligence in BFSI Market by Solution
Chapter 9.Company Profiles
- 9.1Microsoft Corporation
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research & Development Expenses
- 9.1.5Recent strategies and developments:
- 9.1.5.1Partnerships, Collaborations, and Agreements:
- 9.1.6SWOT Analysis
- 9.2IBM Corporation
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Regional & Segmental Analysis
- 9.2.4Research & Development Expenses
- 9.2.5Recent strategies and developments:
- 9.2.5.1Partnerships, Collaborations, and Agreements:
- 9.2.5.2Product Launches and Product Expansions:
- 9.2.5.3Acquisition and Mergers:
- 9.2.6SWOT Analysis
- 9.3Palantir Technologies Inc.
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4Research & Development Expenses
- 9.3.5Recent strategies and developments:
- 9.3.5.1Partnerships, Collaborations, and Agreements:
- 9.3.6SWOT Analysis
- 9.4Salesforce, Inc.
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Regional Analysis
- 9.4.4Research & Development Expenses
- 9.4.5Recent strategies and developments:
- 9.4.5.1Partnerships, Collaborations, and Agreements:
- 9.4.5.2Product Launches and Product Expansions:
- 9.4.6SWOT Analysis
- 9.5SAP SE
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Regional Analysis
- 9.5.4Research & Development Expense
- 9.5.5Recent strategies and developments:
- 9.5.5.1Partnerships, Collaborations, and Agreements:
- 9.5.6SWOT Analysis
- 9.6Baidu, Inc.
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental Analysis
- 9.6.4Research & Development Expenses
- 9.6.5SWOT Analysis
- 9.7Google LLC (Alphabet Inc.)
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental and Regional Analysis
- 9.7.4Research & Development Expense
- 9.7.5Recent strategies and developments:
- 9.7.5.1Partnerships, Collaborations, and Agreements:
- 9.7.5.2Product Launches and Product Expansions:
- 9.7.6SWOT Analysis
- 9.8Amazon Web Services, Inc. (Amazon.com, Inc.)
- 9.8.1Company Overview
- 9.8.2Financial Analysis
- 9.8.3Segmental Analysis
- 9.8.4Recent strategies and developments:
- 9.8.4.1Partnerships, Collaborations, and Agreements:
- 9.8.5SWOT Analysis
- 9.9Oracle Corporation
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3Segmental and Regional Analysis
- 9.9.4Research & Development Expense
- 9.9.5Recent strategies and developments:
- 9.9.5.1Partnerships, Collaborations, and Agreements:
- 9.9.5.2Product Launches and Product Expansions:
- 9.9.6SWOT Analysis
- 9.10.Intel Corporation
- 9.10.1Company Overview
- 9.10.2Financial Analysis
- 9.10.3Segmental and Regional Analysis
- 9.10.4Research & Development Expenses
- 9.11SWOT Analysis
LIST OF TABLES
- TABLE 1Europe Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
- TABLE 2Europe Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
- TABLE 3Partnerships, Collaborations and Agreements- Artificial Intelligence in BFSI Market
- TABLE 4Product Launches And Product Expansions- Artificial Intelligence in BFSI Market
- TABLE 5Acquisition and Mergers- Artificial Intelligence in BFSI Market
- TABLE 6Europe Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
- TABLE 7Europe Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
- TABLE 8Europe Software Market by Country, 2020 - 2023, USD Million
- TABLE 9Europe Software Market by Country, 2024 - 2031, USD Million
- TABLE 10Europe Hardware Market by Country, 2020 - 2023, USD Million
- TABLE 11Europe Hardware Market by Country, 2024 - 2031, USD Million
- TABLE 12Europe Services Market by Country, 2020 - 2023, USD Million
- TABLE 13Europe Services Market by Country, 2024 - 2031, USD Million
- TABLE 14Europe Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
- TABLE 15Europe Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
- TABLE 16Europe Machine Learning Market by Country, 2020 - 2023, USD Million
- TABLE 17Europe Machine Learning Market by Country, 2024 - 2031, USD Million
- TABLE 18Europe Natural Language Processing Market by Country, 2020 - 2023, USD Million
- TABLE 19Europe Natural Language Processing Market by Country, 2024 - 2031, USD Million
- TABLE 20Europe Computer Vision Market by Country, 2020 - 2023, USD Million
- TABLE 21Europe Computer Vision Market by Country, 2024 - 2031, USD Million
- TABLE 22Europe Others Market by Country, 2020 - 2023, USD Million
- TABLE 23Europe Others Market by Country, 2024 - 2031, USD Million
- TABLE 24Europe Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
- TABLE 25Europe Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
- TABLE 26Europe Chatbots Market by Country, 2020 - 2023, USD Million
- TABLE 27Europe Chatbots Market by Country, 2024 - 2031, USD Million
- TABLE 28Europe Fraud Detection & Prevention Market by Country, 2020 - 2023, USD Million
- TABLE 29Europe Fraud Detection & Prevention Market by Country, 2024 - 2031, USD Million
- TABLE 30Europe Customer Relationship Management Market by Country, 2020 - 2023, USD Million
- TABLE 31Europe Customer Relationship Management Market by Country, 2024 - 2031, USD Million
- TABLE 32Europe Data Analytics & Prediction Market by Country, 2020 - 2023, USD Million
- TABLE 33Europe Data Analytics & Prediction Market by Country, 2024 - 2031, USD Million
- TABLE 34Europe Anti-Money Laundering Market by Country, 2020 - 2023, USD Million
- TABLE 35Europe Anti-Money Laundering Market by Country, 2024 - 2031, USD Million
- TABLE 36Europe Others Market by Country, 2020 - 2023, USD Million
- TABLE 37Europe Others Market by Country, 2024 - 2031, USD Million
- TABLE 38Europe Artificial Intelligence in BFSI Market by Country, 2020 - 2023, USD Million
- TABLE 39Europe Artificial Intelligence in BFSI Market by Country, 2024 - 2031, USD Million
- TABLE 40Germany Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
- TABLE 41Germany Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
- TABLE 42Germany Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
- TABLE 43Germany Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
- TABLE 44Germany Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
- TABLE 45Germany Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
- TABLE 46Germany Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
- TABLE 47Germany Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
- TABLE 48UK Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
- TABLE 49UK Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
- TABLE 50UK Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
- TABLE 51UK Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
- TABLE 52UK Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
- TABLE 53UK Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
- TABLE 54UK Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
- TABLE 55UK Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
- TABLE 56France Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
- TABLE 57France Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
- TABLE 58France Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
- TABLE 59France Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
- TABLE 60France Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
- TABLE 61France Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
- TABLE 62France Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
- TABLE 63France Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
- TABLE 64Russia Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
- TABLE 65Russia Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
- TABLE 66Russia Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
- TABLE 67Russia Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
- TABLE 68Russia Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
- TABLE 69Russia Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
- TABLE 70Russia Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
- TABLE 71Russia Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
- TABLE 72Spain Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
- TABLE 73Spain Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
- TABLE 74Spain Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
- TABLE 75Spain Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
- TABLE 76Spain Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
- TABLE 77Spain Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
- TABLE 78Spain Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
- TABLE 79Spain Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
- TABLE 80Italy Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
- TABLE 81Italy Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
- TABLE 82Italy Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
- TABLE 83Italy Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
- TABLE 84Italy Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
- TABLE 85Italy Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
- TABLE 86Italy Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
- TABLE 87Italy Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
- TABLE 88Rest of Europe Artificial Intelligence in BFSI Market, 2020 - 2023, USD Million
- TABLE 89Rest of Europe Artificial Intelligence in BFSI Market, 2024 - 2031, USD Million
- TABLE 90Rest of Europe Artificial Intelligence in BFSI Market by Offering, 2020 - 2023, USD Million
- TABLE 91Rest of Europe Artificial Intelligence in BFSI Market by Offering, 2024 - 2031, USD Million
- TABLE 92Rest of Europe Artificial Intelligence in BFSI Market by Technology, 2020 - 2023, USD Million
- TABLE 93Rest of Europe Artificial Intelligence in BFSI Market by Technology, 2024 - 2031, USD Million
- TABLE 94Rest of Europe Artificial Intelligence in BFSI Market by Solution, 2020 - 2023, USD Million
- TABLE 95Rest of Europe Artificial Intelligence in BFSI Market by Solution, 2024 - 2031, USD Million
- TABLE 96Key Information - Microsoft Corporation
- TABLE 97Key Information - IBM Corporation
- TABLE 98Key Information - Palantir Technologies Inc.
- TABLE 99Key Information - Salesforce, Inc.
- TABLE 100Key Information - SAP SE
- TABLE 101Key Information - Baidu, Inc.
- TABLE 102Key Information - Google LLC
- TABLE 103Key Information - Amazon Web Services, Inc.
- TABLE 104Key Information - Oracle Corporation
- TABLE 105Key Information - Intel Corporation
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