Overview and Scope
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.
Sizing and Forecast
The artificial intelligence (ai) in asset management market size has grown exponentially in recent years. It will grow from $3.28 billion in 2023 to $4.27 billion in 2024 at a compound annual growth rate (CAGR) of 30.2%. The growth in the historic period can be attributed to advancements in data analytics, quantitative analysis development, increasing complexity of financial markets, risk management needs, algorithmic trading.
The artificial intelligence (ai) in asset management market size is expected to see exponential growth in the next few years. It will grow to $12.34 billion in 2028 at a compound annual growth rate (CAGR) of 30.4%. The growth in the forecast period can be attributed to ai-powered investment decision making, enhanced portfolio optimization, alternative data integration, regulatory compliance solutions, global economic volatility. Major trends in the forecast period include explainable ai models, ai-driven esg integration, predictive analytics, ai in wealth management, expansion of robo-advisors.
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Segmentation & Regional Insights
The artificial intelligence (ai) in asset management market covered in this report 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
North America was the largest region in the artificial intelligence (AI) in asset management market in 2023. 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, Africa
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Major Driver Impacting Market Growth
The rising adoption of cloud solutions in various industries significantly contributes to the growth of artificial intelligence (AI) in the asset management market going forward. Cloud solutions refer to providing many services over the Internet, including networking, servers, databases, software, and data storage. To increase asset utilization and optimize asset distribution, cloud solutions are used for accessing artificial intelligence (AI) software by asset management firms. For instance, according to data released by Eurostat, a Luxembourg-based government agency, the number of companies using cloud computing services in the European Union increased to 41% in 2021. Therefore, the rising adoption of cloud solutions in various Industries will drive artificial intelligence (AI) in asset management market.
Key Industry Players
Major companies operating in the artificial intelligence (ai) in asset management market report are Alphabet Inc., Microsoft Corporation, JPMorgan Chase & Co., Amazon Web Services Inc., International Business Machines Corporation, Deloitte Touche Tohmatsu Ltd., The Goldman Sachs Group Inc., UBS Group AG, Salesforce Inc., FMR LLC, BlackRock Inc., Infosys Limited, S&P Global Inc., Franklin Templeton Distributors Inc., Invesco Ltd., Genpact LLC, Schroders plc, Man Group Ltd., Wellington Management Company LLP, Tableau Software LLC, Janus Henderson Group Plc, Robeco B.V., Bridgewater Associates LP, InMoment Inc., Winton Group Limited, D.E. Shaw & Co., AQR Capital Management LLC, Renaissance Technologies LLC, Dimensional Fund Advisors LP, Eaton Vance Corp.
The artificial intelligence (ai) in asset management market report table of contents includes:
1. Executive Summary
2. Artificial Intelligence (AI) in Asset Management Market Characteristics
3. Artificial Intelligence (AI) in Asset Management Market Trends And Strategies
4. Artificial Intelligence (AI) in Asset Management Market – Macro Economic Scenario
5. Global Artificial Intelligence (AI) in Asset Management Market Size and Growth
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32. Global Artificial Intelligence (AI) in Asset Management Market Competitive Benchmarking
33. Global Artificial Intelligence (AI) in Asset Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Intelligence (AI) in Asset Management Market
35. Artificial Intelligence (AI) in Asset Management Market Future Outlook and Potential Analysis
36. Appendix
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