Global Generative Ai In Fintech Market Size & Outlook
Global generative ai in fintech market, 2017-2030 (US$M)
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Global generative ai in fintech market highlights
- The global generative ai in fintech market generated a revenue of USD 1,142.4 million in 2023 and is expected to reach USD 9,875.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 36.1% by 2030.
- In terms of segment, software accounted for a revenue of USD 709.0 million in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,142.4 million |
| Market revenue in 2030 | USD 9,875.8 million |
| Growth rate | 36.1% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Service |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Service, Software |
Other key industry trends
- In terms of revenue, the North America accounted for 33.2% of the global generative ai in fintech market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 187.1 million by 2030.
Software was the largest segment with a revenue share of 62.06% in 2023. Horizon Databook has segmented the Global generative ai in fintech market based on service, software covering the revenue growth of each sub-segment from 2017 to 2030.
In the financial sector, particularly in Fintech, where online services and digital transactions are common, fraud detection and risk management are crucial. By utilizing advanced technology and data analytics, creative solutions have been developed to address the changing nature of financial fraud and reduce risks.
Technologies like AI and ML are essential for risk management and fraud detection. These algorithms can examine transactional data, find trends, and spot abnormalities that could indicate fraud. They continually absorb new information and adapt to changing fraud trends, increasing accuracy.
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Generative AI In Fintech Market Scope
Generative AI In Fintech Market Companies
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Global generative ai in fintech market statistics, by region, 2017-2030 (US$M)
Top 10 countries: Generative ai in fintech market size, 2023 (USD Million)
Top 10 countries: Generative ai in fintech market size, 2023 (USD Million)
Global generative ai in fintech market, by region, 2023 (US$M)
Related regional statistics
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