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PUBLISHER: KBV Research | PRODUCT CODE: 1565260
PUBLISHER: KBV Research | PRODUCT CODE: 1565260
Europe Generative AI In Financial Services Market Size, Share & Trends Analysis Report By Deployment (Cloud-based, and On-premises), By End User, By Application, By Country and Growth Forecast, 2024 - 2031
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The Europe Generative AI In Financial Services Market would witness market growth of 38.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Generative AI In Financial Services Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,331.3 million by 2031. The UK market is exhibiting a CAGR of 37.1% during (2024 - 2031). Additionally, The France market would experience a CAGR of 39.5% during (2024 - 2031).
Generative AI can assess creditworthiness more comprehensively by generating alternative credit scoring models. It can analyze a wider array of data points, including non-traditional indicators such as social media behavior and transaction patterns, providing a more nuanced view of an individual's credit risk. Generative AI can power advanced chatbots that provide real-time financial coaching. These chatbots can generate personalized financial advice based on users' current financial situations and goals, making financial literacy accessible and empowering customers to make informed decisions.
The adoption of Generative AI in financial services market is gaining momentum as institutions recognize its transformative potential. Financial institutions face stringent regulatory requirements. Generative AI helps automate compliance processes, generating reports and risk assessments that meet regulatory standards. This reduces the burden of manual compliance and enhances the institution's ability to mitigate risks proactively.
The rising trend of digital banking and mobile payments in Europe significantly boosts the demand for Generative AI applications. As consumers increasingly expect seamless and personalized digital experiences, financial institutions must leverage AI technologies to meet these expectations. By utilizing Generative AI to analyze customer behavior and preferences, banks can offer tailored financial products and services, improving customer satisfaction and loyalty in an increasingly competitive market. In conclusion, expanding the BFSI sector in Europe creates a dynamic landscape for Generative AI in financial services market. Combining increased financial services exports, improving profitability in traditional banking, and a thriving fintech ecosystem positions Europe at the forefront of AI adoption in finance.
Based on Deployment, the market is segmented into Cloud-based, and On-premises. Based on End User, the market is segmented into Retail Banking, Corporate Banking, Insurance Companies, Investment Firms, Hedge Funds, and FinTech Companies. Based on Application, the market is segmented into Risk Management, Fraud Detection, Credit Scoring, Forecasting & Reporting, and Customer Service & Chatbots. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Amazon Web Services, Inc.
- Google LLC
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Salesforce, Inc.
- OpenAI, LLC
- SAP SE
- Oracle Corporation
- Accenture PLC
Europe Generative AI In Financial Services Market Report Segmentation
By Deployment
- Cloud-based
- On-premises
By End User
- Retail Banking
- Corporate Banking
- Insurance Companies
- Investment Firms
- Hedge Funds
- FinTech Companies
By Application
- Risk Management
- Fraud Detection
- Credit Scoring
- Forecasting & Reporting
- Customer Service & Chatbots
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Generative AI In Financial Services Market, by Deployment
- 1.4.2 Europe Generative AI In Financial Services Market, by End User
- 1.4.3 Europe Generative AI In Financial Services Market, by Application
- 1.4.4 Europe Generative AI In Financial Services Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Jun - 2024, Aug) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. Europe Generative AI In Financial Services Market by Deployment
- 5.1 Europe Cloud-based Market by Country
- 5.2 Europe On-premises Market by Country
Chapter 6. Europe Generative AI In Financial Services Market by End User
- 6.1 Europe Retail Banking Market by Country
- 6.2 Europe Corporate Banking Market by Country
- 6.3 Europe Insurance Companies Market by Country
- 6.4 Europe Investment Firms Market by Country
- 6.5 Europe Hedge Funds Market by Country
- 6.6 Europe FinTech Companies Market by Country
Chapter 7. Europe Generative AI In Financial Services Market by Application
- 7.1 Europe Risk Management Market by Country
- 7.2 Europe Fraud Detection Market by Country
- 7.3 Europe Credit Scoring Market by Country
- 7.4 Europe Forecasting & Reporting Market by Country
- 7.5 Europe Customer Service & Chatbots Market by Country
Chapter 8. Europe Generative AI In Financial Services Market by Country
- 8.1 Germany Generative AI In Financial Services Market
- 8.1.1 Germany Generative AI In Financial Services Market by Deployment
- 8.1.2 Germany Generative AI In Financial Services Market by End User
- 8.1.3 Germany Generative AI In Financial Services Market by Application
- 8.2 UK Generative AI In Financial Services Market
- 8.2.1 UK Generative AI In Financial Services Market by Deployment
- 8.2.2 UK Generative AI In Financial Services Market by End User
- 8.2.3 UK Generative AI In Financial Services Market by Application
- 8.3 France Generative AI In Financial Services Market
- 8.3.1 France Generative AI In Financial Services Market by Deployment
- 8.3.2 France Generative AI In Financial Services Market by End User
- 8.3.3 France Generative AI In Financial Services Market by Application
- 8.4 Russia Generative AI In Financial Services Market
- 8.4.1 Russia Generative AI In Financial Services Market by Deployment
- 8.4.2 Russia Generative AI In Financial Services Market by End User
- 8.4.3 Russia Generative AI In Financial Services Market by Application
- 8.5 Spain Generative AI In Financial Services Market
- 8.5.1 Spain Generative AI In Financial Services Market by Deployment
- 8.5.2 Spain Generative AI In Financial Services Market by End User
- 8.5.3 Spain Generative AI In Financial Services Market by Application
- 8.6 Italy Generative AI In Financial Services Market
- 8.6.1 Italy Generative AI In Financial Services Market by Deployment
- 8.6.2 Italy Generative AI In Financial Services Market by End User
- 8.6.3 Italy Generative AI In Financial Services Market by Application
- 8.7 Rest of Europe Generative AI In Financial Services Market
- 8.7.1 Rest of Europe Generative AI In Financial Services Market by Deployment
- 8.7.2 Rest of Europe Generative AI In Financial Services Market by End User
- 8.7.3 Rest of Europe Generative AI In Financial Services Market by Application
Chapter 9. Company Profiles
- 9.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental Analysis
- 9.1.4 Recent strategies and developments:
- 9.1.4.1 Partnerships, Collaborations, and Agreements:
- 9.1.5 SWOT Analysis
- 9.2 IBM Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional & Segmental Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Intel Corporation
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.6 SWOT Analysis
- 9.4 Microsoft Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Product Launches and Product Expansions:
- 9.4.6 SWOT Analysis
- 9.5 Google LLC (Alphabet Inc.)
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Product Launches and Product Expansions:
- 9.5.6 SWOT Analysis
- 9.6 Oracle Corporation
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.5.2 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 OpenAI, L.L.C.
- 9.7.1 Company Overview
- 9.7.2 SWOT Analysis
- 9.8 SAP SE
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.5.2 Product Launches and Product Expansions:
- 9.8.6 SWOT Analysis
- 9.9 Accenture PLC
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Partnerships, Collaborations, and Agreements:
- 9.9.5.2 Acquisition and Mergers:
- 9.9.6 SWOT Analysis
- 9.10. Salesforce, Inc.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Partnerships, Collaborations, and Agreements:
- 9.10.5.2 Product Launches and Product Expansions:
- 9.10.6 SWOT Analysis
LIST OF TABLES
- TABLE 1 Europe Generative AI In Financial Services Market, 2020 - 2023, USD Million
- TABLE 2 Europe Generative AI In Financial Services Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Generative AI In Financial Services Market
- TABLE 4 Product Launches And Product Expansions- Generative AI In Financial Services Market
- TABLE 5 Acquisition and Mergers- Generative AI In Financial Services Market
- TABLE 6 Europe Generative AI In Financial Services Market by Deployment, 2020 - 2023, USD Million
- TABLE 7 Europe Generative AI In Financial Services Market by Deployment, 2024 - 2031, USD Million
- TABLE 8 Europe Cloud-based Market by Country, 2020 - 2023, USD Million
- TABLE 9 Europe Cloud-based Market by Country, 2024 - 2031, USD Million
- TABLE 10 Europe On-premises Market by Country, 2020 - 2023, USD Million
- TABLE 11 Europe On-premises Market by Country, 2024 - 2031, USD Million
- TABLE 12 Europe Generative AI In Financial Services Market by End User, 2020 - 2023, USD Million
- TABLE 13 Europe Generative AI In Financial Services Market by End User, 2024 - 2031, USD Million
- TABLE 14 Europe Retail Banking Market by Country, 2020 - 2023, USD Million
- TABLE 15 Europe Retail Banking Market by Country, 2024 - 2031, USD Million
- TABLE 16 Europe Corporate Banking Market by Country, 2020 - 2023, USD Million
- TABLE 17 Europe Corporate Banking Market by Country, 2024 - 2031, USD Million
- TABLE 18 Europe Insurance Companies Market by Country, 2020 - 2023, USD Million
- TABLE 19 Europe Insurance Companies Market by Country, 2024 - 2031, USD Million
- TABLE 20 Europe Investment Firms Market by Country, 2020 - 2023, USD Million
- TABLE 21 Europe Investment Firms Market by Country, 2024 - 2031, USD Million
- TABLE 22 Europe Hedge Funds Market by Country, 2020 - 2023, USD Million
- TABLE 23 Europe Hedge Funds Market by Country, 2024 - 2031, USD Million
- TABLE 24 Europe FinTech Companies Market by Country, 2020 - 2023, USD Million
- TABLE 25 Europe FinTech Companies Market by Country, 2024 - 2031, USD Million
- TABLE 26 Europe Generative AI In Financial Services Market by Application, 2020 - 2023, USD Million
- TABLE 27 Europe Generative AI In Financial Services Market by Application, 2024 - 2031, USD Million
- TABLE 28 Europe Risk Management Market by Country, 2020 - 2023, USD Million
- TABLE 29 Europe Risk Management Market by Country, 2024 - 2031, USD Million
- TABLE 30 Europe Fraud Detection Market by Country, 2020 - 2023, USD Million
- TABLE 31 Europe Fraud Detection Market by Country, 2024 - 2031, USD Million
- TABLE 32 Europe Credit Scoring Market by Country, 2020 - 2023, USD Million
- TABLE 33 Europe Credit Scoring Market by Country, 2024 - 2031, USD Million
- TABLE 34 Europe Forecasting & Reporting Market by Country, 2020 - 2023, USD Million
- TABLE 35 Europe Forecasting & Reporting Market by Country, 2024 - 2031, USD Million
- TABLE 36 Europe Customer Service & Chatbots Market by Country, 2020 - 2023, USD Million
- TABLE 37 Europe Customer Service & Chatbots Market by Country, 2024 - 2031, USD Million
- TABLE 38 Europe Generative AI In Financial Services Market by Country, 2020 - 2023, USD Million
- TABLE 39 Europe Generative AI In Financial Services Market by Country, 2024 - 2031, USD Million
- TABLE 40 Germany Generative AI In Financial Services Market, 2020 - 2023, USD Million
- TABLE 41 Germany Generative AI In Financial Services Market, 2024 - 2031, USD Million
- TABLE 42 Germany Generative AI In Financial Services Market by Deployment, 2020 - 2023, USD Million
- TABLE 43 Germany Generative AI In Financial Services Market by Deployment, 2024 - 2031, USD Million
- TABLE 44 Germany Generative AI In Financial Services Market by End User, 2020 - 2023, USD Million
- TABLE 45 Germany Generative AI In Financial Services Market by End User, 2024 - 2031, USD Million
- TABLE 46 Germany Generative AI In Financial Services Market by Application, 2020 - 2023, USD Million
- TABLE 47 Germany Generative AI In Financial Services Market by Application, 2024 - 2031, USD Million
- TABLE 48 UK Generative AI In Financial Services Market, 2020 - 2023, USD Million
- TABLE 49 UK Generative AI In Financial Services Market, 2024 - 2031, USD Million
- TABLE 50 UK Generative AI In Financial Services Market by Deployment, 2020 - 2023, USD Million
- TABLE 51 UK Generative AI In Financial Services Market by Deployment, 2024 - 2031, USD Million
- TABLE 52 UK Generative AI In Financial Services Market by End User, 2020 - 2023, USD Million
- TABLE 53 UK Generative AI In Financial Services Market by End User, 2024 - 2031, USD Million
- TABLE 54 UK Generative AI In Financial Services Market by Application, 2020 - 2023, USD Million
- TABLE 55 UK Generative AI In Financial Services Market by Application, 2024 - 2031, USD Million
- TABLE 56 France Generative AI In Financial Services Market, 2020 - 2023, USD Million
- TABLE 57 France Generative AI In Financial Services Market, 2024 - 2031, USD Million
- TABLE 58 France Generative AI In Financial Services Market by Deployment, 2020 - 2023, USD Million
- TABLE 59 France Generative AI In Financial Services Market by Deployment, 2024 - 2031, USD Million
- TABLE 60 France Generative AI In Financial Services Market by End User, 2020 - 2023, USD Million
- TABLE 61 France Generative AI In Financial Services Market by End User, 2024 - 2031, USD Million
- TABLE 62 France Generative AI In Financial Services Market by Application, 2020 - 2023, USD Million
- TABLE 63 France Generative AI In Financial Services Market by Application, 2024 - 2031, USD Million
- TABLE 64 Russia Generative AI In Financial Services Market, 2020 - 2023, USD Million
- TABLE 65 Russia Generative AI In Financial Services Market, 2024 - 2031, USD Million
- TABLE 66 Russia Generative AI In Financial Services Market by Deployment, 2020 - 2023, USD Million
- TABLE 67 Russia Generative AI In Financial Services Market by Deployment, 2024 - 2031, USD Million
- TABLE 68 Russia Generative AI In Financial Services Market by End User, 2020 - 2023, USD Million
- TABLE 69 Russia Generative AI In Financial Services Market by End User, 2024 - 2031, USD Million
- TABLE 70 Russia Generative AI In Financial Services Market by Application, 2020 - 2023, USD Million
- TABLE 71 Russia Generative AI In Financial Services Market by Application, 2024 - 2031, USD Million
- TABLE 72 Spain Generative AI In Financial Services Market, 2020 - 2023, USD Million
- TABLE 73 Spain Generative AI In Financial Services Market, 2024 - 2031, USD Million
- TABLE 74 Spain Generative AI In Financial Services Market by Deployment, 2020 - 2023, USD Million
- TABLE 75 Spain Generative AI In Financial Services Market by Deployment, 2024 - 2031, USD Million
- TABLE 76 Spain Generative AI In Financial Services Market by End User, 2020 - 2023, USD Million
- TABLE 77 Spain Generative AI In Financial Services Market by End User, 2024 - 2031, USD Million
- TABLE 78 Spain Generative AI In Financial Services Market by Application, 2020 - 2023, USD Million
- TABLE 79 Spain Generative AI In Financial Services Market by Application, 2024 - 2031, USD Million
- TABLE 80 Italy Generative AI In Financial Services Market, 2020 - 2023, USD Million
- TABLE 81 Italy Generative AI In Financial Services Market, 2024 - 2031, USD Million
- TABLE 82 Italy Generative AI In Financial Services Market by Deployment, 2020 - 2023, USD Million
- TABLE 83 Italy Generative AI In Financial Services Market by Deployment, 2024 - 2031, USD Million
- TABLE 84 Italy Generative AI In Financial Services Market by End User, 2020 - 2023, USD Million
- TABLE 85 Italy Generative AI In Financial Services Market by End User, 2024 - 2031, USD Million
- TABLE 86 Italy Generative AI In Financial Services Market by Application, 2020 - 2023, USD Million
- TABLE 87 Italy Generative AI In Financial Services Market by Application, 2024 - 2031, USD Million
- TABLE 88 Rest of Europe Generative AI In Financial Services Market, 2020 - 2023, USD Million
- TABLE 89 Rest of Europe Generative AI In Financial Services Market, 2024 - 2031, USD Million
- TABLE 90 Rest of Europe Generative AI In Financial Services Market by Deployment, 2020 - 2023, USD Million
- TABLE 91 Rest of Europe Generative AI In Financial Services Market by Deployment, 2024 - 2031, USD Million
- TABLE 92 Rest of Europe Generative AI In Financial Services Market by End User, 2020 - 2023, USD Million
- TABLE 93 Rest of Europe Generative AI In Financial Services Market by End User, 2024 - 2031, USD Million
- TABLE 94 Rest of Europe Generative AI In Financial Services Market by Application, 2020 - 2023, USD Million
- TABLE 95 Rest of Europe Generative AI In Financial Services Market by Application, 2024 - 2031, USD Million
- TABLE 96 Key Information - Amazon Web Services, Inc.
- TABLE 97 Key Information - IBM Corporation
- TABLE 98 Key Information - Intel Corporation
- TABLE 99 Key Information - Microsoft Corporation
- TABLE 100 Key Information - Google LLC
- TABLE 101 Key Information - Oracle Corporation
- TABLE 102 Key Information - OpenAI, L.L.C.
- TABLE 103 Key Information - SAP SE
- TABLE 104 Key Information - Accenture PLC
- TABLE 105 Key Information - Salesforce, Inc.
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