Artificial Intelligence in Asset Management Market to grow by USD 10,373.18 million from 2022 to 2027, Growing adoption of cloud-based artificial intelligence services in asset management to drive market growth - Technavio
NEW YORK, May 26, 2023 /PRNewswire/ -- The artificial intelligence in asset management market size is set to grow by USD 10,373.18 million from 2022 to 2027 and register a CAGR of 37.88%, according to Technavio's latest market research report. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. Technavio offers in-depth market insights that assist global businesses to obtain growth opportunities. Read Sample Report
The report also covers the following areas:
Artificial Intelligence in Asset Management Market 2023-2027: Segmentation
The Artificial Intelligence (AI) in Asset Management Market is segmented as follows:
The market share growth by the on-premises segment will be significant for overall market growth during the forecast period. On-premises solutions have better performance and faster response times due to the fact that the data is processed locally on the company's servers. For instance, financial institutions are increasingly interested in on-premises artificial intelligence solutions for wealth management. Banks and other financial institutions deal with large amounts of sensitive data every day and to effectively manage this data, on-premises solutions provide the necessary level of customization and security. Thus, the increase and advancement of on-premises capabilities are expected to drive the growth of the segment during the forecast period.
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Artificial Intelligence in Asset Management Market 2023-2027: Vendor Analysis and Scope
Some of the major vendors of the artificial intelligence in asset management market include Amazon.com Inc., AXOVISION GmbH, BlackRock Inc., Deloitte Touche Tohmatsu Ltd., Genpact Ltd., Infosys Ltd., International Business Machines Corp., Lexalytics Inc., Microsoft Corp., New Narrative Ltd., Salesforce Inc., and The Charles Schwab Corp.. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market.
The artificial intelligence in asset management market is concentrated, and the degree of concentration will accelerate. The rapid adoption of artificial intelligence in asset management and growing importance of asset tracking will offer immense growth opportunities. However, the Rising number of data privacy and cybersecurity will hamper the market growth.
Artificial Intelligence in Asset Management Market 2023-2027: Market Dynamics
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Artificial Intelligence in Asset Management Market 2023-2027: Key Highlights
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The AI camera market size is estimated to grow at a CAGR of 12.04% between 2022 and 2027. The artificial intelligence (AI) camera market size is forecast to increase by USD 6,498.16 million. This artificial intelligence camera market report extensively covers market segmentation by application (entrance/exit surveillance camera for store/supermarkets, anomaly detection camera for factories and work site, camera for elevators, and industrial and others), type (smartphone cameras, surveillance cameras, and DSLR/car dash cam/others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The need for surveillance and security across smart cities is notably driving the market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by Industry Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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