Global Artificial Intelligence (AI) in Asset Management Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
30 Nov, 2023
The global artificial intelligence (AI) in asset management market is expected to grow from $2.52 billion in 2022 to $3.28 billion in 2023 at a compound annual growth rate (CAGR) of 30.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The artificial intelligence (AI) in asset management market is expected to reach $9.39 billion in 2027 at a CAGR of 30.1%.
Global Artificial Intelligence (AI) in Asset Management Market Key Driver
The rising adoption of cloud solutions across various industries significantly contributes to the growth of artificial intelligence (AI) in the asset management market in the foreseeable future. Cloud solutions involve providing numerous services over the Internet, encompassing networking, servers, databases, software, and data storage. Asset management firms utilize cloud solutions to access AI software, enhancing asset utilization and optimizing asset distribution.
Get a sample of the global artificial intelligence (AI) in asset management market reportGlobal Artificial Intelligence (AI) in Asset Management Market Segments
The global artificial intelligence (AI) in asset management market is segmented:
1) By Technology: Machine Learning & Deep Learning, Natural Language Processing, Predictive Analytics, Other Technologies
2) By Deployment: On-Premise, On-Cloud
3) By Application: Portfolio Optimization, Risk And Compliance, Process Automation, Conversational Platform, Data Analysis, Other Applications
4) By Industry Vertical: BFSI (Banking, Financial Services, And Insurance), Healthcare, Retail And E-Commerce, Media And Entertainment, Energy And Utilities, Automotive, Other Industry Verticals
5) By Geography: The regions covered in the artificial intelligence (AI) in asset management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global artificial intelligence (AI) in asset management market.
Major Artificial Intelligence (AI) in Asset Management Industry Players
Artificial Intelligence (AI) in Asset Management Market Overview
Artificial intelligence (AI) in asset management refers to using artificial intelligence (AI) to automate a company's management of inventory and assets. Using artificial intelligence (AI) to manage assets helps businesses keep track of their investments without any human error or the need to input data manually.
Artificial Intelligence (AI) in Asset Management Global Market Report 2023 provides data on the global artificial intelligence (AI) in asset management market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The artificial intelligence (AI) in asset management market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.