The Artificial Intelligence (AI) in Asset Management Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Artificial Intelligence (AI) in Asset Management Global Market Report 2024, 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.
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.
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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
Product innovation is the key trend gaining popularity in the artificial intelligence (AI) in asset management market. Major companies operating in the artificial intelligence (AI) in asset management market are focusing on developing artificial intelligence (AI) platforms with a remarkable ability to automate asset management tasks to sustain their position in the market. For instance, in May 2023, Aisot Technologies, a Switzerland-based software company, launched a fully automated platform for active asset management. Asset managers can create portfolios using the tool that can reflect consumer preferences in the stock and cryptocurrency markets at any time. Additionally, it will make fully automated financial products out of investment decisions and employ artificial intelligence to aid in their optimization. The product’s unique features include AI, neuro-linguistic programming, and quantitative finance. It is the world’s first platform to offer services for both conventional assets and the cryptocurrency market.
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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26. South America Artificial Intelligence (AI) in Asset Management Market
27. Brazil Artificial Intelligence (AI) in Asset Management Market
28. Middle East Artificial Intelligence (AI) in Asset Management Market
29. Africa Artificial Intelligence (AI) in Asset Management Market
30. Artificial Intelligence (AI) in Asset Management Market Competitive Landscape And Company Profiles
Top Major Players:
- Alphabet Inc
- Microsoft Corporation
- JPMorgan Chase & Co
- Amazon Web Services Inc
- International Business Machines Corporation
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