Autonomous Finance Market to Reach $82.58 Billion, Globally, by 2032 at 18.2% CAGR: Allied Market Research

Consumer demand for convenient and personalized financial services, advancements in artificial intelligence, cost efficiency and risk management, and increase in the adoption of FinTech drive the growth of the autonomous finance market.

PORTLAND, Ore., Nov. 19, 2023 /PRNewswire/ -- 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.

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.

Request Research Report Sample & TOC: https://www.alliedmarketresearch.com/request-sample/279198

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.

Report coverage & details:

The auto payments segment to maintain its dominance during the forecast period

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 

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 to determine 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.

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)

Trending Reports in BFSI Industry (Book Now with 10% Discount + Covid-19 scenario):      

Premium Finance Market by Type (Life Insurance, Non-life Insurance), by Interest Rate (Fixed Interest Rate, Floating Interest Rate), by Provider (Banks, NBFCs, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

Asset Finance Software Market by Asset Type (Hard Assets, Soft Assets), by Deployment Mode (On-premise, Cloud), by Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), by End User (Banks, Transportation, IT and Related Services, Construction, Healthcare, Agriculture, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

Decentralized Finance Market by Component (Blockchain Technology, Decentralized Applications (dApps), Smart Contracts), by Application (Decentralized Exchanges, Compliance and Identity, Marketplaces and Liquidity, Payments, Data and Analytics, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

Smart Finance Hardware Market by Type (Modules, Sensors, Others), by End User (Bank and Financial Institutions, Independent ATM Deployer): Global Opportunity Analysis and Industry Forecast, 2021-2031

Sustainable Finance Market by Investment Type (Equity, Fixed Income, Mixed Allocation, Others), by Transaction Type (Green Bond, Social Bond, Mixed-sustainability Bond), by Industry Verticals (Utilities, Transport and Logistics, Chemicals, Food and Beverage, Government, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Financial Consulting Software Market by Offering (Software, Service), by Deployment Model (On-premise, Cloud), by Enterprise Size (Large Enterprises, SMEs), by End-user (Banks, Wealth Management Firms, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

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 piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies in the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact Us:
United States
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 
Allied Market Research Blog: https://blog.alliedmarketresearch.com
BFSI Blog

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg