Artificial Intelligence in Asset Management Market to grow by USD 10.37 billion from 2022 to 2027, Growth Driven by Rapid adoption of artificial intelligence in asset management and the growing importance of asset tracking- Technavio

NEW YORK, Oct. 9, 2023 /PRNewswire/ — The “artificial intelligence in asset management market by 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) – Forecast and Analysis 2023-2027” report has been added to the technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for artificial intelligence in the asset management market from 2022 to 2027 is USD 10.37 billion. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

The rapid adoption of artificial intelligence in asset management and the growing importance of asset tracking are key factors driving market growth. Asset management, which has been revolutionized using artificial intelligence, is increasingly using AI. This technology, which enables asset managers to make more rapid and informed investment decisions, will use complex algorithms for the analyses and interpretation of vast amounts of data that are being received at any time. Moreover, AI algorithms can analyze data to identify trends and patterns that can be missed by humans, such as the correlation between asset prices with indicators in the economy. This information can be used by wealth managers to come up with more efficient investment strategies. Furthermore, assets could be equipped with sensors and other devices to collect data about their condition, location, and use under the Internet of Things. These data feed into artificial intelligence systems which provide real-time insight on the health, availability, and use of assets. Hence, these factors are expected to drive market growth during the forecast period. 
Market Challenge
The rising number of data privacy and cybersecurity issues is a significant challenge restricting market growth. Artificial intelligence technology is beneficial for asset management firms, but it also poses a great deal of privacy and cybersecurity risk. The use of private and confidential information is a major concern. Big data sets are a prerequisite for artificial intelligence algorithms to function, so that wealth management firms can make decisions on their own. Another problem is the use of external data sources, which may give rise to access and ownership issues. Verification of data processing and identification of ownership can be difficult in the case of artificial intelligence systems that rely on such data sources. Hence, these factors are expected to restrict market growth during the forecast period.
Learn about additional key drivers, trends, and challenges available with Technavio. Read FREE Sample PDF Report Now
Artificial Intelligence in the asset management market has been segmented by 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). 
The market share growth by the on-premises segment will be significant during the forecast period. In comparison to cloud solutions, on-premises artificial intelligence solutions enable organizations to have more control and flexibility in managing their data. These solutions have been installed locally on the servers of your company and are specially adapted to your specific business needs. The fact that organizations are fully responsible for data is one of the major benefits of on-premises artificial intelligence solutions. It is possible to configure the software according to your organization’s specific requirements because it is installed on its servers. In addition, due to the data processing being done locally at the firm’s servers, on-premises solutions can perform better and respond more quickly. It allows organizations to gather more precise and quantifiable information, which will have a positive effect on decision-making. Hence, these factors are expected to drive segment growth during the forecast period.View the FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the Artificial Intelligence in Asset Management Market:
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.
Related Reports:
The Industry 4.0 Market size is estimated to grow at a CAGR of 21.88% between 2022 and 2027. The market size is forecast to increase by USD 211.43 billion. 
The Enterprise Location-Based Services (LBS) Market size is estimated to grow at a CAGR of 23.37% between 2022 and 2027. The market size is forecast to increase by USD 45,230.04 million.
ToC:Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Deployment
Market Segmentation by Industry Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About TechnavioTechnavio is a leading global technology research and advisory company. Their research and analysis focus 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 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.
Contacts
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: 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-10-37-billion-from-2022-to-2027–growth-driven-by-rapid-adoption-of-artificial-intelligence-in-asset-management-and-the-growing-importance-of-asset-tracking–techna-301950081.html
SOURCE Technavio 

NEW YORK, Oct. 9, 2023 /PRNewswire/ — The “artificial intelligence in asset management market by 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) – Forecast and Analysis 2023-2027″ report has been added to the technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for artificial intelligence in the asset management market from 2022 to 2027 is USD 10.37 billion. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

The rapid adoption of artificial intelligence in asset management and the growing importance of asset tracking are key factors driving market growth. Asset management, which has been revolutionized using artificial intelligence, is increasingly using AI. This technology, which enables asset managers to make more rapid and informed investment decisions, will use complex algorithms for the analyses and interpretation of vast amounts of data that are being received at any time. Moreover, AI algorithms can analyze data to identify trends and patterns that can be missed by humans, such as the correlation between asset prices with indicators in the economy. This information can be used by wealth managers to come up with more efficient investment strategies. Furthermore, assets could be equipped with sensors and other devices to collect data about their condition, location, and use under the Internet of Things. These data feed into artificial intelligence systems which provide real-time insight on the health, availability, and use of assets. Hence, these factors are expected to drive market growth during the forecast period. 

Market Challenge

The rising number of data privacy and cybersecurity issues is a significant challenge restricting market growth. Artificial intelligence technology is beneficial for asset management firms, but it also poses a great deal of privacy and cybersecurity risk. The use of private and confidential information is a major concern. Big data sets are a prerequisite for artificial intelligence algorithms to function, so that wealth management firms can make decisions on their own. Another problem is the use of external data sources, which may give rise to access and ownership issues. Verification of data processing and identification of ownership can be difficult in the case of artificial intelligence systems that rely on such data sources. Hence, these factors are expected to restrict market growth during the forecast period.

Learn about additional key drivers, trends, and challenges available with Technavio. Read FREE Sample PDF Report Now

Artificial Intelligence in the asset management market has been segmented by 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). 

The market share growth by the on-premises segment will be significant during the forecast period. In comparison to cloud solutions, on-premises artificial intelligence solutions enable organizations to have more control and flexibility in managing their data. These solutions have been installed locally on the servers of your company and are specially adapted to your specific business needs. The fact that organizations are fully responsible for data is one of the major benefits of on-premises artificial intelligence solutions. It is possible to configure the software according to your organization’s specific requirements because it is installed on its servers. In addition, due to the data processing being done locally at the firm’s servers, on-premises solutions can perform better and respond more quickly. It allows organizations to gather more precise and quantifiable information, which will have a positive effect on decision-making. Hence, these factors are expected to drive segment growth during the forecast period.

View the FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the Artificial Intelligence in Asset Management Market:

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.

Related Reports:

The Industry 4.0 Market size is estimated to grow at a CAGR of 21.88% between 2022 and 2027. The market size is forecast to increase by USD 211.43 billion. 

The Enterprise Location-Based Services (LBS) Market size is estimated to grow at a CAGR of 23.37% between 2022 and 2027. The market size is forecast to increase by USD 45,230.04 million.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Deployment

Market Segmentation by Industry Application

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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 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.

Contacts

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-10-37-billion-from-2022-to-2027–growth-driven-by-rapid-adoption-of-artificial-intelligence-in-asset-management-and-the-growing-importance-of-asset-tracking–techna-301950081.html

SOURCE Technavio

 

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