Dublin, July 30, 2024 (GLOBE NEWSWIRE) — The report “Artificial Intelligence (AI) in Asset Management – A Global Strategic Business Report” ResearchAndMarkets.com Recruitment.
The global artificial intelligence (AI) in asset management market is estimated to reach USD 3.5 billion in 2023 and is projected to reach USD 14.1 billion by 2030, growing at a CAGR of 22.1% from 2023 to 2030. This comprehensive report provides a detailed analysis of market trends, drivers, and forecasts to help you make informed business decisions.
As the integration of AI in asset management accelerates, there is also a need to address regulatory and ethical considerations and ensure transparency and fairness in AI-driven decision-making. As AI technology becomes established, asset managers will need to acquire new skills related to data science and AI to remain relevant and effective.
The story of AI in asset management emphasizes empowerment and innovation, positioning companies that adopt these technologies to succeed in a digital and data-driven market. The future of asset management lies in blending AI with human insight to create a collaborative environment that enhances analytical capabilities and decision-making processes. As the industry continues to evolve, AI will play an ever-increasing role, ushering in an era of increased productivity and innovation in asset management.
Key insights:
- Market Growth: Understand the significant growth trajectory of the machine learning technology sector, which is expected to reach USD 7.9 billion by 2030, at a CAGR of 18.6%. The natural language processing (NLP) technology sector is also expected to grow at a CAGR of 28.7% during the analysis period.
- Regional Analysis: Gain insights into the US market, estimated to reach $935.5 million in 2023, and the Chinese market, projected to grow at a staggering CAGR of 21.2% to reach $2.2 billion by 2030. Discover growth trends in other key regions including Japan, Canada, Germany, and Asia Pacific.
Report highlights:
- Comprehensive market data: Independent analysis of annual revenue and market forecasts (in USD millions) from 2023 to 2030.
- Detailed regional analysis: In-depth analysis of key markets including the United States, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
- Company Profiles: Features major companies such as Axyon AI, BlackRock, Inc., and Deloitte Touche Tohmatsu Ltd.
- Free Updates: Receive free report updates for one year to stay up to date with the latest market trends.
Key attributes:
| Report Attributes | detail |
| number of pages | 210 |
| Forecast Period | 2023 – 2030 |
| Estimated market value in 2023 (USD) | $3.5 billion |
| Market value forecast to 2030 (USD) | $14.1 billion |
| Compound Annual Growth Rate | 22.1% |
| Target area | global |
Market Overview
- Influencer Market Insights
- Global Market Trajectory
- Latest News from the World Economy
- Artificial Intelligence (AI) in Asset Management – Market Share of Key Competitors Globally in 2024 (E)
- Competitive Market Presence for Global Players in 2024 – Strong/Active/Niche/Trivial Market (E)
Market Trends and Drivers
- Integrating AI into risk assessment improves asset management accuracy
- Benefits of automating asset portfolio management spark interest in AI technology
- Advances in predictive analytics will drive adoption of AI in asset forecasting
- The growth of digital assets bodes well for AI in managing this new asset class
- How AI will change wealth management for the wealthy
- Accelerating the use of AI in asset lifecycle management with a focus on cost optimization
- Blockchain and AI: A Synergistic Approach to Asset Verification and Tracking
- AI in Asset Allocation: Enhancing Decision-Making Processes to Drive Adoption
- AI tools enable regulatory compliance to bring greater transparency and trust to asset management
Focus on the selected players (Total of 23 listings)
- Axion AI
- Black Rock
- Deloitte Touche Tohmatsu LLC
- Ernst & Young Global Limited
- Infosys BPM Co., Ltd.
- Shining RFID
- Refinitiv
- Squillo
- Tableau Software
- XAI Asset Management
For more information on this report, please visit: https://www.researchandmarkets.com/r/vvifvb
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Global Artificial Intelligence (AI) in Asset Management Market
