Cloud Hosting

NEW YORK, June 26, 2023 /PRNewswire/ -- According toTechnavio, theartificial intelligence in asset management market size is estimated to grow by USD 10,373.18 millionfrom 2022 to 2027. The market is estimated to grow at a CAGRof 37.88%during the forecast. Download a Sample Report now!

Technavio has announced its latest market research report titled Global Artificial Intelligence in Asset Management Market

Information Services Market Insights -

Vendors: 15+, IncludingAmazon.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. among others

Coverage:Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors

Segments:Deployment (On-premises and Cloud), Industry Application (BFSI, retail and e-commerce, healthcare, energy and utilities, and others), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

To understand more about the information services market, requesta sample report

Artificial Intelligence in asset management market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors includingAmazon.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.

Artificial Intelligence In Asset Management Market Market Dynamics

Major Drivers -

The rapid adoption of artificial intelligence in asset management and the growing importance of asset tracking is notably driving the market growth. Artificial intelligence (AI) is transforming the asset management industry by enabling asset managers to make faster, more informed investment decisions. AI algorithms can analyze large amounts of data in real-time to identify trends and patterns that humans might miss. This allows asset managers to track asset performance, optimize asset allocation, and reduce risk. AI is also changing the way assets are tracked and managed. With the Internet of Things (IoT), assets can be equipped with sensors and other devices that collect data about their condition, location, and usage. This data can be used to provide real-time insights into asset health, availability, and utilization. This enables asset managers to optimize asset utilization, minimize downtime, reduce costs, and maximize revenue. Therefore, such advancements in asset management are anticipated to drive AI in asset management market growth during the forecast period.

Story continues

Significant Trends -

The growing adoption of cloud-based artificial intelligence services in asset management is an emerging trend shaping theArtificial Intelligence in Asset Management market growth.This is due to the cost-efficiency, scalability, and customization capabilities of cloud-based AI services. Cloud-based AI services allow asset managers to process large amounts of data, identify patterns and trends, and make decisions based on real-time information. This helps wealth managers quickly analyze economic data, market trends, and other variables that affect investments. AI models also help optimize portfolios by identifying the most profitable investments. Another advantage of cloud-based AI services is that they can be customized to meet the needs of different asset managers. The increased availability of data is one of the factors driving the adoption of cloud-based AI in asset management. Asset managers have large amounts of data at their disposal, including economic indicators, financial reports, and other relevant sources of information. Cloud-based AI services quickly process this data and provide wealth managers with real-time insights that can be used in making investment decisions. As a result of these factors, the global AI in the asset management market is expected to grow significantly in the coming years. Asset managers have large amounts of data at their disposal, including economic indicators, financial reports, and other relevant sources of information. Cloud-based artificial intelligence services quickly process this data and provide wealth managers with real-time insights that can be used in making investment decisions. Therefore, these factors are expected to drive the growth of AI in the asset management market during the forecast period.

KEY challenges -

The rising number of data privacy and cybersecurity issues is a major challenge impedingthe growth of global artificial intelligence (AI) in the asset management market.While artificial intelligence technology delivers numerous advantages for asset management firms, along with major privacy and cybersecurity concerns.However, wealth management companies majorly depend on big data sets to make decisions and such data sets.Another significant problem is the use of external data sources, which can lead to data access and ownership issues. When artificial intelligence systems rely on such data sources, it can be difficult to verify data processing and determine information ownership. Additionally, asset management firms must guarantee that security systems are in place to safeguard against cyberattacks and data breaches. As artificial intelligence systems are blended into business operations, they become more vulnerable and need specific cybersecurity and privacy safeguards. Furthermore, the use of artificial intelligence may automate certain duties that were formerly functioned by humans. While this improves productivity and efficiency and evenleads to job losses. Ultimately, the problem of regulatory compliance remains a significant challenge. Different laws and regulations in various jurisdictions governing data protection, cybersecurity, and the use of artificial intelligence make it challenging for wealth management firms to guide the compliance landscape. Therefore, a growing number of cyber-attacks and data breaches may hinder AI in asset management market growth during the forecast period.

Drivers,& Challenges have an impact onmarket dynamics and can impact businesses.Find some insights from a sample report!

The artificial intelligence in asset management market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Why Buy?

Add credibility to strategy

Analyzes competitor's offerings

Get a holistic view of the market

Grow your profit margin with Technavio- Buy the Report

What are the key data covered in this Artificial Intelligence In Asset Management Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of artificial intelligence in asset management market between 2023 and 2027

Precise estimation of the size of the artificial intelligence in asset management market size and its contribution to the market in focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of artificialintelligence in asset management marketindustry across North America, Europe, APAC, Middle East and Africa, and South America

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of artificial intelligence in asset management market vendors

Gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Related Reports:

Artificial intelligence (AI) in healthcare market size is estimated to growat aCAGR of 23.5%between 2022 and 2027. Themarket size is forecast to increase byUSD11,827.99 million. This report extensively coversmarket segmentation by application (medical imaging and diagnostics, drug discovery, virtual assistants, operations management, and others), component (software, hardware, and services), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The growing demand for reduced healthcare costsis notably driving AI in healthcare market growth.

Artificial intelligence (AI) in construction market share is expected to increase to USD 2.32 billion from 2021 to 2026,and the market's growth momentum will accelerate at a CAGR of 29.81%. This report extensively coversartificial intelligence (AI) in construction marketsegmentation by solution (software, services, and hardware) and geography (North America, Europe, APAC, Middle East and Africa, and South America).One of the key factors driving global artificial intelligence (AI) in construction market growth is the increasing demand for data integration and visual analytics.

Artificial Intelligence in Asset Management Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 37.88%

Market growth 2023-2027

USD 10,373.18 million

Market structure

Concentrated

YoY growth 2022-2023(%)

35.12

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 49%

Key countries

US, China, Germany, UK, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Component

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: http://www.technavio.com

Global Artificial Intelligence in Asset Management Market

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/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-301861038.html

SOURCE Technavio

The rest is here:

Artificial Intelligence in Asset Management Market to grow by USD 10,373.18 million from 2022 to 2027, Growing adoption of cloud-based artificial...