Global AI In Financial Wellness Market Overview:
AI-Artificial Intelligence in the financial sector aids in the drastic impoverishment of financial literacy. In this modern era technology is widespread globally, in that public, those are having financial knowledge can adopt technology relating to their daily life and utilize it at the optimum level. Technology is no more costly or complicated to learn now; everything is capsulated in a smartphone in which an ordinary man can operate easily without sophisticated training and knowledge. But without financial knowledge having technology tools and skills are worthless. Some of the players profiled in the study are Prudential Financial (United States), Bank of America (United States), Fidelity (United States), Mercer (United States), Financial Finesse (United States), Aduro (United States), Ayco (United States), Beacon Health Options (United States), Best Money Moves (United States) and Enrich Financial Wellness (United States).
On the basis of geography, the market of AI In Financial Wellness has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Solutions, the sub-segment i.e. Personalized Banking and Automation will boost the AI In Financial Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Deep Learning will boost the AI In Financial Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the AI In Financial Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- The growing demand due to Increasing cases of fraud detection
Influencing Trend
- The high demand for cloud-based solutions
- Increasing Adoption for Cryptocurrency
Restraints
- The higher cost for implementation of AI technologies
- The rises in security concerns
Opportunities
- Technological advancements in Artificial Intelligence
Challenges
- The inadequacy of trust while issuing customer data
Key Market Developments:
On 11th April 2019, Prudential Financial Inc. introduced a range of new financial wellness solutions, which will be available via employers, to help individuals manage student loan debt, navigate job changes, access financial coaching and develop personalized financial roadmap.
Target Audience:
AI In Financial Wellness Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global AI In Financial Wellness market on the basis of product [
] , application [Bank, Depository Institutions and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the AI In Financial Wellness market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the AI In Financial Wellness industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the AI In Financial Wellness market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.