Press release
Autonomous Finance Market to Hit $82.58 Billion, Globally, by 2032 at 18.2% CAGR
Allied Market Research published a report, titled, "Autonomous Finance Market by Solution (Asset Management, Auto Payments, Digital Identity Management System, Liquidity Management, Loan Application Processing, and Others), and End User (Banks, Financial Institutions, Insurance Companies, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032". According to the report, the global autonomous finance industry generated $15.8 billion in 2022, and is anticipated to generate $82.6 billion by 2032, witnessing a CAGR of 18.2% from 2023 to 2032.Request Research Report Sample & TOC: https://www.alliedmarketresearch.com/request-sample/279198
Prime determinants of growth
Advancements in artificial intelligence (AI) are driving the growth of the autonomous finance market. Furthermore, consumer demand for convenient and personalized financial services, and cost efficiency and risk management are significant drivers behind the rapid growth of the autonomous finance market. In addition, increase in adoption of financial technology, or FinTech, is expected to offer lucrative growth opportunities to the autonomous finance market in the upcoming years as FinTech innovations have transformed the way consumers manage and interact with their finances, from mobile banking apps to digital payment platforms.
The global autonomous finance market was valued at $15.8 billion in 2022 and is projected to reach $82.6 billion by 2032, growing at a CAGR of 18.2% from 2023 to 2032.
By solution, the auto payments segment held the highest market share in 2022, accounting for more than one-third of the global autonomous finance market revenue and is estimated to maintain its dominance during the forecast period. This is attributed to an increase in integration of smart technologies. These technologies enable automatic and seamless payment processes. In addition, the rise of contactless payment methods and mobile apps makes it easier for people to make transactions, enhancing convenience and efficiency. However, the liquidity management segment is projected to attain the highest CAGR of 25.1% from 2023 to 2032, owing to the need for businesses and individuals to effectively manage their cash flow.
The banks segment to maintain its dominance during the forecast period
By end user, the banks segment held the highest market share in 2022, accounting for around half of the global autonomous finance market revenue, and is estimated to maintain its dominance during the forecast period. The growth of the banks segment is propelled by advancements in artificial intelligence and machine learning technology enabling banks to automate complex financial tasks, improving efficiency and reducing errors. Furthermore, customer demand for more convenient and personalized financial services has led banks to adopt autonomous systems that can deliver tailored recommendations and services in real-time. However, the financial institutions segment is projected to attain the highest CAGR of 22.1% from 2023 to 2032, owing to the fact that financial institutions are increasingly digitizing all services, including retail offers, payment platforms, and wealth and capital management processes. Furthermore, customers increasingly seek personalized and convenient financial services, driving institutions to adopt autonomous systems that can provide tailored solutions in real time.
Request Customization: https://www.alliedmarketresearch.com/request-for-customization/279198
North America to maintain its dominance by 2032
Region-wise, North America held the highest market share in terms of revenue in 2022, accounting for around two-fifths of the global autonomous finance market revenue, and is estimated to maintain its dominance during the forecast period, owing to increase in adoption of artificial intelligence and machine learning technologies in the financial sector, growing demand for personalized financial services, need for more efficient and cost-effective financial management, and development of advanced fintech solutions. However, Asia-Pacific is expected to witness the fastest CAGR of 22.1% from 2023 to 2032. This is attributed to rapid digitalization, vast and diverse consumer base, and an increase in penetration of smartphones and internet connectivity in Asia-Pacific.
Leading Market Players: -
Signzy Technologies Private Limited
Roots Automation
ReGov Technologies Sdn Bhd
Fennech Financial
HighRadius
Oracle
Auditoria.AI
Vic.ai
Emagia
NICE Actimize
Key players in the autonomous finance market adopt partnership, acquisition, and product launch as their key development strategy to sustain their growth in the market. For instance, in September 2022, PwC India and HighRadius, the autonomous finance software platform for order to cash, treasury management, and record to report, formed a strategic alliance to bring the power of autonomous technology and digital transformation across finance and accounting business processes. The new alliance brings together HighRadius's data-driven autonomous finance platform and PwC's proven expertise in driving transformation for the office of the CFO. This gives financial institutions the confidence to embrace advanced technology and enable faster delivery of business outcomes. Therefore, such strategies adopted by key players propel the growth of the autonomous finance market.
The report provides a detailed analysis of these key players of the global autonomous finance market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Inquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/279198
Key Benefits for Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the autonomous finance market analysis from 2022 to 2032 to identify the prevailing autonomous finance market opportunity.
The market research is offered along with information related to key drivers, restraints, and opportunities.
The Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the autonomous finance market segmentation assists in determining the prevailing autonomous finance market opportunities.
Major countries in each region are mapped according to their revenue contribution to the market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as autonomous finance market trends, key players, market segments, application areas, and market growth strategies.
Inquire Before Buying
https://www.alliedmarketresearch.com/purchase-enquiry/279198
Autonomous Finance Market Report Highlights
Aspects Details
By Solution
Asset Management
Auto Payments
Digital Identity Management System
Liquidity Management
Loan Application Processing
Others
By End User
Banks
Financial Institutions
Insurance Companies
Others
By Region
North America (U.S., Canada)
Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
Top Related Reports:
Road Assistance Insurance Market : https://www.alliedmarketresearch.com/road-assistance-insurance-market-A31872
Corporate Lending Market : https://www.alliedmarketresearch.com/corporate-lending-market-A12960
Loan Management Software Market : https://www.alliedmarketresearch.com/loan-management-software-market-A08185
Fingerprint Payment Market : https://www.alliedmarketresearch.com/fingerprint-payment-market-A12966
Insurance Aggregators Market : https://www.alliedmarketresearch.com/insurance-aggregators-market-A31712
Online Insurance Market :https://www.alliedmarketresearch.com/online-insurance-market-A31675
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Autonomous Finance Market to Hit $82.58 Billion, Globally, by 2032 at 18.2% CAGR here
News-ID: 3322122 • Views: …
More Releases from www.alliedmarketresearch.com
Singapore Remittance Market to Reach $13.34 billion by Volume, by 2032 at 5.2% C …
Allied Market Research published a report, titled, "Singapore Remittance Market Type (Inward Remittance and Outward Remittance), Channel (Banks, Money Transfer Operators, and Others), Application (Consumption, Savings, and Investment), Mode (Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Business (C2B), and Customer-to-Customer (C2C)), and End User (Migrant Labor Workforce, Low-Income Households, Small Businesses, and Others): Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the Singapore Remittance industry generated $8.05 billion by Volume in…
Singapore Remittance Market to Reach $13.34 billion by Volume, by 2032 at 5.2% C …
Allied Market Research published a report, titled, "Singapore Remittance Market Type (Inward Remittance and Outward Remittance), Channel (Banks, Money Transfer Operators, and Others), Application (Consumption, Savings, and Investment), Mode (Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Business (C2B), and Customer-to-Customer (C2C)), and End User (Migrant Labor Workforce, Low-Income Households, Small Businesses, and Others): Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the Singapore Remittance industry generated $8.05 billion by Volume in…
Pension Administration Software Market Is Expected to Reach $12.2 Billion by 203 …
According to the report published by Allied Market Research, the global pension administration software market was estimated at $ 4 billion in 2021 and is expected to hit $ 12.2 billion by 2031, registering a CAGR of 12.3 % from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends.…
Financial Fraud Detection Software Market to Reach $50,327.02 million, Globally, …
Allied Market Research published a report, titled, "Financial Fraud Detection Software Market by Component (Solution and Service), Deployment Mode (On-premise, and Cloud), Fraud type (Money laundering, Identity Theft , Debit & Credit Card Frauds, Claim Frauds , Transfer Frauds , and Others) and End User (Banks, NBFCs, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report the financial fraud detection software market was valued at $13…
More Releases for Auto
E-Commerce Automotive Aftermarket | (Flipkart, eBay, Auto Zone, Advance Auto Par …
The growing emergence of creative business models is one of the pivotal factors propelling e-commerce automotive aftermarket industry share. At present, the store, brokerage, and social commerce models have been intensely contributing toward the growth of online commerce. Taking into account the growing popularity of electronic commerce across the automotive sector, many giants in e-commerce automotive aftermarket have been making heavy investments to enhance their storage capacity by developing new…
Automotive Valve Market: Worldwide Auto-Accessory, SEECO, Dengyun Auto-parts
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global Automotive Valve Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts.
This industry study presents the global Automotive Valve market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Valve production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Valve in volume terms are also provided for major countries…
Global Three Wheelers Market 2017- Bajaj Auto Limited, Atul Auto Limited
Apex Market Reports, recently published a detailed market research study focused on the "Global Three Wheelers Market" across the global, regional and country level. The report provides 360° analysis of "Global Three Wheelers Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the Global Three Wheelers industry, and estimates the future trend of Global…
Dallas Auto Paint Offers The Best Auto Body Repair Services
Best Auto Body Repair Services in Dallas, TX
Whether you have dents, dings, scratches, or any other collision damage, you require the help of a professional to fix your car and give it back its factory finish. Dallas Auto Paint is your best shot since they offer top notch services in Dallas. The team is qualified in providing the new paintless dent removal technique, which is quite fast and more efficient…
Dallas Auto Paint Offering You the Best Auto Body Repair Services
Whether you have dents, dings, scratches, or any other collision damage, you require the help of a professional to fix your car and give it back its factory finish. Dallas Auto Paint is your best shot since they offer top notch services in Dallas. The team is qualified in providing the new paintless dent removal technique, which is quite fast and more efficient than its traditional counterpart. For shallow dents,…
Auto Driveaway Provides Reliable and Safe Auto Shipping Services
FOR IMMEDIATE RELEASE
Philadelphia, PA: Recently, Auto Driveaway has been awarded for being one of the most reliable and secure auto shipping companies in the country by renowned entities. The company has more than 40 offices across the country that helps to track and update every detail about the consignment. Every delivery is managed professionally resulting in scheduled delivery without providing any damage, dent or issues to the vehicle.
The company provides…