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

NEW YORK, May 26, 2023 /PRNewswire/ — The artificial intelligence in asset management market size is set to grow by USD 10,373.18 million from 2022 to 2027 and register a CAGR of 37.88%, according to Technavio’s latest market research report. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by way of synthesis, and summation of data from multiple sources. Technavio offers in-depth market insights that assist global businesses to obtain growth opportunities. Read Sample Report

The report also covers the following areas:

Artificial Intelligence in Asset Management Market sizeArtificial Intelligence in Asset Management Market trendsArtificial Intelligence in Asset Management Market industry analysis

Artificial Intelligence in Asset Management Market 2023-2027: Segmentation

The Artificial Intelligence (AI) in Asset Management Market is segmented as follows:

Deployment On-premisesCloudIndustry application BSFIRetail and e-commerceHealthcareEnergy and utilitiesOthersGeography North AmericaEuropeAPACMiddle East And AfricaSouth America

The market share growth by the on-premises segment will be significant for overall market growth during the forecast period. On-premises solutions have better performance and faster response times due to the fact that the data is processed locally on the company’s servers. For instance, financial institutions are increasingly interested in on-premises artificial intelligence solutions for wealth management. Banks and other financial institutions deal with large amounts of sensitive data every day and to effectively manage this data, on-premises solutions provide the necessary level of customization and security. Thus, the increase and advancement of on-premises capabilities are expected to drive the growth of the segment during the forecast period.

Get detailed Insights on the impact of each segment and make informed business decisions, request a sample report!

Artificial Intelligence in Asset Management Market 2023-2027: Vendor Analysis and Scope

Some of the major vendors of the artificial intelligence in asset management market include 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.. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 15+ vendors operating in the market.
Vendor Offerings

Amazon.com Inc. – The company offers artificial intelligence asset management services through Amazon Web services.AXOVISION GmbH – The company offers artificial intelligence asset management services such as drift handling, hypothesis-free analysis.BlackRock Inc. – The company offers artificial intelligence asset management services for generating alpha, managing risk, and enhancing operational efficiency.

The artificial intelligence in asset management market is concentrated, and the degree of concentration will accelerate. The rapid adoption of artificial intelligence in asset management and growing importance of asset tracking will offer immense growth opportunities. However, the Rising number of data privacy and cybersecurity will hamper the market growth.

Artificial Intelligence in Asset Management Market 2023-2027: Market Dynamics

Drivers

The rapid adoption of artificial intelligence in asset management and the growing importance of asset tracking is a significant driving factor for Artificial Intelligence in Asset Management Market. Artificial Intelligence is changing the way assets are tracked and managed; with IoT, assets can be equipped with sensors and other devices to collect data about their condition, location, and usage.The data feeds into artificial intelligence algorithms that provide real-time insights into asset health, availability, and utilization, enabling asset managers to optimize asset utilization, minimize downtime, reduce costs, and maximize revenue.Hence, such drivers boost the market growth of the market during the forecast period.

Trends

The growing adoption of cloud-based artificial intelligence services in asset management is the major trend in the global artificial intelligence (AI) in asset management market growth. Asset management is an important part of any business. Moreover, recent technological advances have led wealth managers to increasingly turn to cloud-based artificial intelligence services to improve their efficiency and decision-making capabilities. Cloud-based artificial intelligence services are growing in popularity among asset managers as a result of their cost efficiency and scalability. Hence, such factors are expected to drive the growth of AI in the asset management market during the forecast period. 

Challenges

The rising number of data privacy and cybersecurity is a major challenge hindering the growth of global artificial intelligence (AI) in the asset management market. A major issue is the use of external data sources, which may lead to data access and ownership issues.When artificial intelligence systems rely on such data sources, it can become difficult to verify data processing and determine information ownership.In addition, there have been instances of data sources being hacked and third parties gaining unauthorized access to the data and using it.Thus, such challenges impede market growth during the forecast period.

To gain insights about inclusions and exclusions, buy now!

Artificial Intelligence in Asset Management Market 2023-2027: Key Highlights

CAGR of the market during the forecast period 2023-2027Detailed information on factors that will assist artificial intelligence in asset management market growth during the next five yearsEstimation of the artificial intelligence in asset management market size and its contribution to the parent marketPredictions on upcoming trends and changes in consumer behaviorThe growth of the artificial intelligence in asset management marketAnalysis of the market’s competitive landscape and detailed information on vendorsComprehensive details 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:
The conversational AI market size is expected to increase by USD 1.14 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 21.6%.Furthermore, this report extensively covers the conversational AI market segmentations by deployment (on-premise and cloud) and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The growth in natural language processing (NLP), machine learning (ML), and AI technologies are one of the key factors driving the global conversational AI market growth.

The AI camera market size is estimated to grow at a CAGR of 12.04% between 2022 and 2027. The artificial intelligence (AI) camera market size is forecast to increase by USD 6,498.16 million. This artificial intelligence camera market report extensively covers market segmentation by application (entrance/exit surveillance camera for store/supermarkets, anomaly detection camera for factories and work site, camera for elevators, and industrial and others), type (smartphone cameras, surveillance cameras, and DSLR/car dash cam/others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The need for surveillance and security across smart cities is notably driving the market growth.

Table of Contents

1 Executive Summary

1.1 Market overview Exhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by DeploymentExhibit 06: Executive Summary – Chart on Market Segmentation by Industry ApplicationExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem Exhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition Exhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 2022 3.4 Market outlook: Forecast for 2022-2027Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global artificial intelligence in asset management market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on global artificial intelligence in asset management market 2017 – 2021 ($ million)4.2 Deployment Segment Analysis 2017 – 2021Exhibit 19: Historic Market Size – Deployment Segment 2017 – 2021 ($ million)4.3 Industry Application Segment Analysis 2017 – 2021Exhibit 20: Historic Market Size – Industry Application Segment 2017 – 2021 ($ million)4.4 Geography Segment Analysis 2017 – 2021Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)4.5 Country Segment Analysis 2017 – 2021Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary Exhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalry Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market condition Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Deployment

6.1 Market segments Exhibit 30: Chart on Deployment – Market share 2022-2027 (%)Exhibit 31: Data Table on Deployment – Market share 2022-2027 (%)6.2 Comparison by Deployment Exhibit 32: Chart on Comparison by DeploymentExhibit 33: Data Table on Comparison by Deployment6.3 On-premises – Market size and forecast 2022-2027Exhibit 34: Chart on On-premises – Market size and forecast 2022-2027 ($ million)Exhibit 35: Data Table on On-premises – Market size and forecast 2022-2027 ($ million)Exhibit 36: Chart on On-premises – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on On-premises – Year-over-year growth 2022-2027 (%)6.4 Cloud – Market size and forecast 2022-2027Exhibit 38: Chart on Cloud – Market size and forecast 2022-2027 ($ million)Exhibit 39: Data Table on Cloud – Market size and forecast 2022-2027 ($ million)Exhibit 40: Chart on Cloud – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Cloud – Year-over-year growth 2022-2027 (%)6.5 Market opportunity by Deployment Exhibit 42: Market opportunity by Deployment ($ million)Exhibit 43: Data Table on Market opportunity by Deployment ($ million)

7 Market Segmentation by Industry Application

7.1 Market segments Exhibit 44: Chart on Industry Application – Market share 2022-2027 (%)Exhibit 45: Data Table on Industry Application – Market share 2022-2027 (%)7.2 Comparison by Industry Application Exhibit 46: Chart on Comparison by Industry ApplicationExhibit 47: Data Table on Comparison by Industry Application7.3 BFSI – Market size and forecast 2022-2027Exhibit 48: Chart on BFSI – Market size and forecast 2022-2027 ($ million)Exhibit 49: Data Table on BFSI – Market size and forecast 2022-2027 ($ million)Exhibit 50: Chart on BFSI – Year-over-year growth 2022-2027 (%)Exhibit 51: Data Table on BFSI – Year-over-year growth 2022-2027 (%)7.4 Retail and e-commerce – Market size and forecast 2022-2027 Exhibit 52: Chart on Retail and e-commerce – Market size and forecast 2022-2027 ($ million)Exhibit 53: Data Table on Retail and e-commerce – Market size and forecast 2022-2027 ($ million)Exhibit 54: Chart on Retail and e-commerce – Year-over-year growth 2022-2027 (%)Exhibit 55: Data Table on Retail and e-commerce – Year-over-year growth 2022-2027 (%)7.5 Healthcare – Market size and forecast 2022-2027Exhibit 56: Chart on Healthcare – Market size and forecast 2022-2027 ($ million)Exhibit 57: Data Table on Healthcare – Market size and forecast 2022-2027 ($ million)Exhibit 58: Chart on Healthcare – Year-over-year growth 2022-2027 (%)Exhibit 59: Data Table on Healthcare – Year-over-year growth 2022-2027 (%)7.6 Energy and utilities – Market size and forecast 2022-2027 Exhibit 60: Chart on Energy and utilities – Market size and forecast 2022-2027 ($ million)Exhibit 61: Data Table on Energy and utilities – Market size and forecast 2022-2027 ($ million)Exhibit 62: Chart on Energy and utilities – Year-over-year growth 2022-2027 (%)Exhibit 63: Data Table on Energy and utilities – Year-over-year growth 2022-2027 (%)7.7 Others – Market size and forecast 2022-2027Exhibit 64: Chart on Others – Market size and forecast 2022-2027 ($ million)Exhibit 65: Data Table on Others – Market size and forecast 2022-2027 ($ million)Exhibit 66: Chart on Others – Year-over-year growth 2022-2027 (%)Exhibit 67: Data Table on Others – Year-over-year growth 2022-2027 (%)7.8 Market opportunity by Industry ApplicationExhibit 68: Market opportunity by Industry Application ($ million)Exhibit 69: Data Table on Market opportunity by Industry Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 71: Chart on Market share by geography 2022-2027 (%)Exhibit 72: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 73: Chart on Geographic comparisonExhibit 74: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027Exhibit 75: Chart on North America – Market size and forecast 2022-2027 ($ million)Exhibit 76: Data Table on North America – Market size and forecast 2022-2027 ($ million)Exhibit 77: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 78: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 Europe – Market size and forecast 2022-2027Exhibit 79: Chart on Europe – Market size and forecast 2022-2027 ($ million)Exhibit 80: Data Table on Europe – Market size and forecast 2022-2027 ($ million)Exhibit 81: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 82: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.5 APAC – Market size and forecast 2022-2027Exhibit 83: Chart on APAC – Market size and forecast 2022-2027 ($ million)Exhibit 84: Data Table on APAC – Market size and forecast 2022-2027 ($ million)Exhibit 85: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 86: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.6 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 87: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)Exhibit 88: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)Exhibit 89: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 90: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.7 South America – Market size and forecast 2022-2027Exhibit 91: Chart on South America – Market size and forecast 2022-2027 ($ million)Exhibit 92: Data Table on South America – Market size and forecast 2022-2027 ($ million)Exhibit 93: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 94: Data Table on South America – Year-over-year growth 2022-2027 (%)9.8 US – Market size and forecast 2022-2027Exhibit 95: Chart on US – Market size and forecast 2022-2027 ($ million)Exhibit 96: Data Table on US – Market size and forecast 2022-2027 ($ million)Exhibit 97: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 98: Data Table on US – Year-over-year growth 2022-2027 (%)9.9 China – Market size and forecast 2022-2027Exhibit 99: Chart on China – Market size and forecast 2022-2027 ($ million)Exhibit 100: Data Table on China – Market size and forecast 2022-2027 ($ million)Exhibit 101: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 102: Data Table on China – Year-over-year growth 2022-2027 (%)9.10 Germany – Market size and forecast 2022-2027Exhibit 103: Chart on Germany – Market size and forecast 2022-2027 ($ million)Exhibit 104: Data Table on Germany – Market size and forecast 2022-2027 ($ million)Exhibit 105: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 106: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.11 UK – Market size and forecast 2022-2027Exhibit 107: Chart on UK – Market size and forecast 2022-2027 ($ million)Exhibit 108: Data Table on UK – Market size and forecast 2022-2027 ($ million)Exhibit 109: Chart on UK – Year-over-year growth 2022-2027 (%)Exhibit 110: Data Table on UK – Year-over-year growth 2022-2027 (%)9.12 France – Market size and forecast 2022-2027Exhibit 111: Chart on France – Market size and forecast 2022-2027 ($ million)Exhibit 112: Data Table on France – Market size and forecast 2022-2027 ($ million)Exhibit 113: Chart on France – Year-over-year growth 2022-2027 (%)Exhibit 114: Data Table on France – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 115: Market opportunity by geography ($ million)Exhibit 116: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers 10.2 Market challenges 10.3 Impact of drivers and challenges Exhibit 117: Impact of drivers and challenges in 2022 and 202710.4 Market trends 

11 Vendor Landscape

11.1 Overview 11.2 Vendor landscape Exhibit 118: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruption Exhibit 119: Overview on factors of disruption11.4 Industry risks Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered Exhibit 121: Vendors covered12.2 Market positioning of vendors Exhibit 122: Matrix on vendor position and classification12.3 Amazon.com Inc. Exhibit 123: Amazon.com Inc. – OverviewExhibit 124: Amazon.com Inc. – Business segmentsExhibit 125: Amazon.com Inc. – Key newsExhibit 126: Amazon.com Inc. – Key offeringsExhibit 127: Amazon.com Inc. – Segment focus12.4 AXOVISION GmbH Exhibit 128: AXOVISION GmbH – OverviewExhibit 129: AXOVISION GmbH – Product / ServiceExhibit 130: AXOVISION GmbH – Key offerings12.5 BlackRock Inc. Exhibit 131: BlackRock Inc. – OverviewExhibit 132: BlackRock Inc. – Product / ServiceExhibit 133: BlackRock Inc. – Key offerings12.6 Deloitte Touche Tohmatsu Ltd. Exhibit 134: Deloitte Touche Tohmatsu Ltd. – OverviewExhibit 135: Deloitte Touche Tohmatsu Ltd. – Business segmentsExhibit 136: Deloitte Touche Tohmatsu Ltd. – Key offeringsExhibit 137: Deloitte Touche Tohmatsu Ltd. – Segment focus12.7 Genpact Ltd. Exhibit 138: Genpact Ltd. – OverviewExhibit 139: Genpact Ltd. – Business segmentsExhibit 140: Genpact Ltd. – Key newsExhibit 141: Genpact Ltd. – Key offeringsExhibit 142: Genpact Ltd. – Segment focus12.8 Infosys Ltd. Exhibit 143: Infosys Ltd. – OverviewExhibit 144: Infosys Ltd. – Business segmentsExhibit 145: Infosys Ltd. – Key newsExhibit 146: Infosys Ltd. – Key offeringsExhibit 147: Infosys Ltd. – Segment focus12.9 International Business Machines Corp.Exhibit 148: International Business Machines Corp. – OverviewExhibit 149: International Business Machines Corp. – Business segmentsExhibit 150: International Business Machines Corp. – Key newsExhibit 151: International Business Machines Corp. – Key offeringsExhibit 152: International Business Machines Corp. – Segment focus12.10 Lexalytics Inc. Exhibit 153: Lexalytics Inc. – OverviewExhibit 154: Lexalytics Inc. – Product / ServiceExhibit 155: Lexalytics Inc. – Key offerings12.11 Microsoft Corp. Exhibit 156: Microsoft Corp. – OverviewExhibit 157: Microsoft Corp. – Business segmentsExhibit 158: Microsoft Corp. – Key newsExhibit 159: Microsoft Corp. – Key offeringsExhibit 160: Microsoft Corp. – Segment focus12.12 New Narrative Ltd. Exhibit 161: New Narrative Ltd. – OverviewExhibit 162: New Narrative Ltd. – Product / ServiceExhibit 163: New Narrative Ltd. – Key offerings12.13 Salesforce Inc. Exhibit 164: Salesforce Inc. – OverviewExhibit 165: Salesforce Inc. – Product / ServiceExhibit 166: Salesforce Inc. – Key newsExhibit 167: Salesforce Inc. – Key offerings12.14 The Charles Schwab Corp. Exhibit 168: The Charles Schwab Corp. – OverviewExhibit 169: The Charles Schwab Corp. – Business segmentsExhibit 170: The Charles Schwab Corp. – Key offeringsExhibit 171: The Charles Schwab Corp. – Segment focus

13 Appendix

13.1 Scope of the report 13.2 Inclusions and exclusions checklistExhibit 172: Inclusions checklistExhibit 173: Exclusions checklist13.3 Currency conversion rates for US$ Exhibit 174: Currency conversion rates for US$13.4 Research methodology Exhibit 175: Research methodologyExhibit 176: Validation techniques employed for market sizingExhibit 177: Information sources13.5 List of abbreviations Exhibit 178: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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 across 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.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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-301834395.html

SOURCE Technavio