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The artificial intelligence (AI) market in BFSI sector size is forecast to increase by USD 62.18 billion at a CAGR of 49.5% between 2023 and 2028. In the Banking, Financial Services, and Insurance (BFSI) sector, the integration of Artificial Intelligence (AI) has emerged as a significant driver for market growth. AI technologies, including original outputs from machine learning algorithms and neural networks, are revolutionizing various applications such as fraud detection. By analyzing vast amounts of data, AI-driven fraud detection models can identify patterns and anomalies indicative of fraudulent activities, thereby enhancing risk assessment and scenario simulation capabilities for financial institutions. Moreover, the rise in cloud-based solutions has made AI implementation more accessible and cost-effective for BFSI organizations. However, the need for high data quality remains a critical challenge.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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