From GlobeNewswire: 2024-11-21 08:30:00

The global AI in Finance Market is set to grow at a CAGR of 30.6%, reaching $190.33 billion by 2030 from $38.36 billion in 2024. AI algorithms improve risk identification and customer service, driving market growth. AI tools streamline financial management, enhance decision-making, and offer predictive analytics, reducing operational costs.

Chatbots and Virtual Assistants lead the AI in finance market, providing 24/7 support, automating inquiries, and improving user experiences. In the end user business function, the government and public sector hold the highest market share due to their vast financial management needs. Key players in the market include FIS, Fiserv, Google, Microsoft, and IBM, focusing on product innovations and expanding their global footprint.



Read more at GlobeNewswire: The Rise of AI in Finance Market: A $190.33 billion