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Autonomous Finance Market Size, Share & Trends Analysis Report By Solution (Auto-payments, Asset Management), By End-use (Banks, Financial Institutions, Healthcare), By Region, And Segment Forecasts, 2022 - 2030

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    Report

  • 150 Pages
  • December 2022
  • Region: Global
  • Grand View Research
  • ID: 5712459
The global autonomous finance market size is anticipated to reach USD 56.93 billion by 2030, registering a CAGR of 16.8% from 2022 to 2030. Autonomous finance fintech companies leverage technologies, including automation and artificial intelligence. Leveraging technology, key business processes, and functions can be fully automated, freeing employees from manual tasks and boosting efficiency and productivity.

Various businesses in the financial services sector are contemplating enhancing autonomous software capabilities. The trend is prevalent in asset management services through offerings such as algorithm-driven robo advisory services. Banks and other traditional financial institutions, such as insurance companies, are also transforming their business models to incorporate automated finance operations.

The scope of autonomous finance operations is further expanding with emerging technologies such as blockchain and decentralized finance. The ledger technology and cryptography enhance the security of transactions while ensuring consumer data protection. Additionally, rising participation in cryptocurrency and decentralized platforms illustrates customer acceptance of autonomous technologies.

COVID-19 has highlighted the need for updating traditional business models to sustain the changing business environment. The need for upgrading technology witnessed a rise in strategic partnerships between core financial institutions and emerging autonomous finance fintech providers. Additionally, customers became aware of convenient alternatives to conventional institutions capable of generating passive income on digital assets, which is expected to increase participation in the autonomous network.

Autonomous Finance Market Report Highlights

  • The asset management segment is expected to witness significant growth during the forecast period. Autonomous asset management leverages smart contracts, a self-executing set of software instructions. In addition to managing risk to reward and volatility, it is also capable of thematic investing, such as Environmental Social Governance (ESG) investing
  • The financial institutions segment is expected to witness the fastest growth throughout the forecast period. Algorithm-based financial services provide scalability to businesses with a comprehensive autonomous infrastructure. Moreover, customers can benefit from tailored financial products and recommended services
  • The Asia Pacific is expected to emerge as the fastest-growing region. The growth can be attributed to a young customer base and a substantial number of key market players along with innovators in the region. Additionally, countries such as China, Japan, and India are leading in adopting artificial intelligence and digital finance, which bodes well for the regional market's growth

Table of Contents

Chapter 1. Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Autonomous Finance Market Industry Outlook
3.1 Market Segmentation and Scope
3.2 Parent Market Outlook
3.3 Autonomous Finance Market - Value Chain Analysis
3.4 Autonomous Finance Market - Regulatory Scenario
3.5 Autonomous Finance Market - Market Dynamics
3.5.1 Market driver analysis
3.5.1.1 Rise in digital transactions
3.5.1.2 Increase in customer demand for frictionless and real-time experience
3.5.2 Market challenge analysis
3.5.2.1 Regulatory and cyberthreat challenges
3.5.3 Market opportunity analysis
3.5.3.1 Increased automation in the financial services industry
3.6 Autonomous Finance Market - PESTEL Analysis
3.7 Autonomous Finance Market- Porter’s Five Forces Analysis
Chapter 4 Autonomous Finance Solution Outlook
4.1 Autonomous Finance Market Share By Solution, 2021
4.1.1 Global autonomous finance market, by solution, 2017 - 2030
4.2 Asset Management
4.2.1 Autonomous finance market, by asset management, 2017 - 2030
4.3 Auto Payments
4.3.1 Autonomous finance market, by auto payments, 2017 - 2030
4.4 Digital Identity Management System
4.4.1 Autonomous finance market, by digital identity management system, 2017 - 2030
4.5 Liquidity Management
4.5.1 Autonomous finance market, by liquidity management, 2017 - 2030
4.6 Loan Application Processing
4.6.1 Autonomous finance market, by loan application processing, 2017 - 2030
4.7 Others
4.7.1 Other autonomous finance market, 2017 - 2030
Chapter 5 Autonomous Finance End-use Outlook
5.1 Autonomous Finance Market Share By End-use, 2021
5.1.1 Global autonomous finance market, by End-use, 2017 - 2030
5.2 Banks
5.2.1 Autonomous finance market in banks, 2017 - 2030
5.3 Financial Institutions
5.3.1 Autonomous finance market in financial institutions, 2017 - 2030
5.4 Healthcare
5.4.1 Autonomous finance market in healthcare, 2017 - 2030
5.5 Insurance Companies
5.5.1 Autonomous finance market in insurance companies, 2017 - 2030
5.6 Telecom
5.6.1 Autonomous finance market in telecom, 2017 - 2030
5.7 Others
5.7.1 Other autonomous finance market, 2017 - 2030
Chapter 6 Autonomous Finance Regional Outlook
6.1 Autonomous Finance Market Share By Region, 2021
6.1.1 Global autonomous finance market, 2017 - 2030
6.1.2 Global autonomous finance market, by region, 2017 - 2030
6.2 North America
6.2.1 North America autonomous finance market, 2017 - 2030
6.2.2 North America autonomous finance market, by solution, 2017 - 2030
6.2.3 North America autonomous finance market, by End-use, 2017 - 2030
6.2.4 U.S.
6.2.4.1 U.S. autonomous finance market, 2017 - 2030
6.2.4.2 U.S. autonomous finance market, by solution, 2017 - 2030
6.2.4.3 U.S. autonomous finance market, by End-use, 2017 - 2030
6.2.5 Canada
6.2.5.1 Canada autonomous finance market, 2017 - 2030
6.2.5.2 Canada autonomous finance market, by solution, 2017 - 2030
6.2.5.3 Canada autonomous finance market, by End-use, 2017 - 2030
6.3 Europe
6.3.1 Europe autonomous finance market, 2017 - 2030
6.3.2 Europe autonomous finance market, by solution, 2017 - 2030
6.3.3 Europe autonomous finance market, by End-use, 2017 - 2030
6.3.4 U.K.
6.3.4.1 U.K. autonomous finance market, 2017 - 2030
6.3.4.2 U.K. autonomous finance market, by solution, 2017 - 2030
6.3.4.3 U.K. autonomous finance market, by End-use, 2017 - 2030
6.3.5 Germany
6.3.5.1 Germany autonomous finance market, 2017 - 2030
6.3.5.2 Germany autonomous finance market, by solution, 2017 - 2030
6.3.5.3 Germany autonomous finance market, by End-use, 2017 - 2030
6.4 Asia Pacific
6.4.1 Asia Pacific autonomous finance market, 2017 - 2030
6.4.2 Asia Pacific autonomous finance market, by solution, 2017 - 2030
6.4.3 Asia Pacific autonomous finance market, by End-use, 2017 - 2030
6.4.4 China
6.4.4.1 China autonomous finance market, 2017 - 2030
6.4.4.2 China autonomous finance market, by solution, 2017 - 2030
6.4.4.3 China autonomous finance market, by End-use, 2017 - 2030
6.4.5 Japan
6.4.5.1 Japan autonomous finance market, 2017 - 2030
6.4.5.2 Japan autonomous finance market, by solution, 2017 - 2030
6.4.5.3 Japan autonomous finance market, by End-use, 2017 - 2030
6.4.6 India
6.4.6.1 India autonomous finance market, 2017 - 2030
6.4.6.2 India autonomous finance market, by solution, 2017 - 2030
6.4.6.3 India autonomous finance market, by End-use, 2017 - 2030
6.5 Latin America
6.5.1 Latin America autonomous finance market, 2017 - 2030
6.5.2 Latin America autonomous finance market, by solution, 2017 - 2030
6.5.3 Latin America autonomous finance market, by End-use, 2017 - 2030
6.5.4 Brazil
6.5.4.1 Brazil autonomous finance market, 2017 - 2030
6.5.4.2 Brazil autonomous finance market, by solution, 2017 - 2030
6.5.4.3 Brazil autonomous finance market, by End-use, 2017 - 2030
6.6 MEA
6.6.1 MEA autonomous finance market, 2017 - 2030
6.6.2 MEA autonomous finance market, by solution, 2017 - 2030
6.6.3 MEA autonomous finance market, End-use, 2017 - 2030
Chapter 7 Competitive Analysis
7.1 Recent Developments & Impact Analysis, By Key Market Participants
7.2 Company Categorization
7.3 Vendor Landscape
7.3.1 Company market share analysis, 2021
7.4 Company Analysis Tools
7.4.1 Company market position analysis
7.4.2 Competitive dashboard analysis
Chapter 8. Competitive Landscape
8.1 Signzy Technologies Private Limited
8.1.1 Company overview
8.1.2 Financial performance
8.1.3 Product benchmarking
8.1.4 Strategic initiatives
8.2 Roots Automation
8.2.1 Company overview
8.2.2 Financial performance
8.2.3 Product benchmarking
8.2.4 Strategic initiatives
8.3 ReGov Technologies Sdn Bhd
8.3.1 Company overview
8.3.2 Financial performance
8.3.3 Product benchmarking
8.3.4 Strategic initiatives
8.4 Fennech Financial
8.4.1 Company overview
8.4.2 Financial performance
8.4.3 Product benchmarking
8.4.4 Strategic initiatives
8.5 Auditoria.AI
8.5.1 Company overview
8.5.2 Financial performance
8.5.3 Product benchmarking
8.5.4 Strategic initiatives
8.6 HighRadius Corporation
8.6.1 Company overview
8.6.2 Financial performance
8.6.3 Product benchmarking
8.6.4 Strategic initiatives
8.7 Oracle Corporation
8.7.1 Company overview
8.7.2 Financial performance
8.7.3 Product benchmarking
8.7.4 Strategic initiatives
8.8 NICE
8.8.1 Company overview
8.8.2 Financial performance
8.8.3 Product benchmarking
8.8.4 Strategic initiatives
8.9 Vic.ai
8.9.1 Company overview
8.9.2 Financial performance
8.9.3 Product benchmarking
8.9.4 Strategic initiatives
8.10 ViralGains
8.10.1 Company overview
8.10.2 Financial performance
8.10.3 Product benchmarking
8.10.4 Strategic initiatives
List of Tables
Table 1 Regulatory Scenario
Table 2 Global autonomous finance market, by solution, 2017 - 2030 (USD Billion)
Table 3 Autonomous finance market, by asset management, 2017 - 2030 (USD Billion)
Table 4 Autonomous finance market, by asset management, by region, 2017 - 2030 (USD Billion)
Table 5 Autonomous finance market, by auto payments, 2017 - 2030 (USD Billion)
Table 6 Autonomous finance market, by auto payments, by region, 2017 - 2030 (USD Billion)
Table 7 Autonomous finance market, by digital identity management system, 2017 - 2030 (USD Billion)
Table 8 Autonomous finance market, by digital identity management system, by region, 2017 - 2030 (USD Billion)
Table 9 Autonomous finance market, by liquidity management, 2017 - 2030 (USD Billion)
Table 10 Autonomous finance market, by liquidity management, by region, 2017 - 2030 (USD Billion)
Table 11 Autonomous finance market, by loan application processing, 2017 - 2030 (USD Billion)
Table 12 Autonomous finance market, by loan application processing, by region, 2017 - 2030 (USD Billion)
Table 13 Other autonomous finance market, 2017 - 2030 (USD Billion)
Table 14 Other autonomous finance market, by region, 2017 - 2030 (USD Billion)
Table 15 Global autonomous finance market, by End-use, 2017 - 2030 (USD Billion)
Table 16 Autonomous finance market in banks, 2017 - 2030 (USD Billion)
Table 17 Autonomous finance market in banks, by region, 2017 - 2030 (USD Billion)
Table 18 Autonomous finance market in financial institutions, 2017 - 2030 (USD Billion)
Table 19 Autonomous finance market in financial institutions, by region, 2017 - 2030 (USD Billion)
Table 20 Autonomous finance market in healthcare, 2017 - 2030 (USD Billion)
Table 21 Autonomous finance market in healthcare, by region, 2017 - 2030 (USD Billion)
Table 22 Autonomous finance market in insurance companies, 2017 - 2030 (USD Billion)
Table 23 Autonomous finance market in insurance companies, by region, 2017 - 2030 (USD Billion)
Table 24 Autonomous finance market in telecom, 2017 - 2030 (USD Billion)
Table 25 Autonomous finance market in telecom, by region, 2017 - 2030 (USD Billion)
Table 26 Other autonomous finance market, 2017 - 2030 (USD Billion)
Table 27 Other autonomous finance market, by region, 2017 - 2030 (USD Billion)
Table 28 Global autonomous finance market, 2017 - 2030 (USD Billion)
Table 29 Global autonomous finance market, by region, 2017 - 2030 (USD Billion)
Table 30 North America autonomous finance market, 2017 - 2030 (USD Billion)
Table 31 North America autonomous finance market, by solution, 2017 - 2030 (USD Billion)
Table 32 North America autonomous finance market, by End-use, 2017 - 2030 (USD Billion)
Table 33 U.S. autonomous finance market, 2017 - 2030 (USD Billion)
Table 34 U.S. autonomous finance market, by solution, 2017 - 2030 (USD Billion)
Table 35 U.S. autonomous finance market, by End-use, 2017 - 2030 (USD Billion)
Table 36 Canada autonomous finance market, 2017 - 2030 (USD Billion)
Table 37 Canada autonomous finance market, by solution, 2017 - 2030 (USD Billion)
Table 38 Canada autonomous finance market, by End-use, 2017 - 2030 (USD Billion)
Table 39 Europe autonomous finance market, 2017 - 2030 (USD Billion)
Table 40 Europe autonomous finance market, by solution, 2017 - 2030 (USD Billion)
Table 41 Europe autonomous finance market, by End-use, 2017 - 2030 (USD Billion)
Table 42 U.K. autonomous finance market, 2017 - 2030 (USD Billion)
Table 43 U.K. autonomous finance market, by solution, 2017 - 2030 (USD Billion)
Table 44 U.K. autonomous finance market, by End-use, 2017 - 2030 (USD Billion)
Table 45 Germany autonomous finance market, 2017 - 2030 (USD Billion)
Table 46 Germany autonomous finance market, by solution, 2017 - 2030 (USD Billion)
Table 47 Germany autonomous finance market, by End-use, 2017 - 2030 (USD Billion)
Table 48 Asia Pacific autonomous finance market, 2017 - 2030 (USD Billion)
Table 49 Asia Pacific autonomous finance market, by solution, 2017 - 2030 (USD Billion)
Table 50 Asia Pacific autonomous finance market, by End-use, 2017 - 2030 (USD Billion)
Table 51 China autonomous finance market, 2017 - 2030 (USD Billion)
Table 52 China autonomous finance market, by solution, 2017 - 2030 (USD Billion)
Table 53 China autonomous finance market, by End-use, 2017 - 2030 (USD Billion)
Table 54 Japan autonomous finance market, 2017 - 2030 (USD Billion)
Table 55 Japan autonomous finance market, by solution, 2017 - 2030 (USD Billion)
Table 56 Japan autonomous finance market, by End-use, 2017 - 2030 (USD Billion)
Table 57 India autonomous finance market, 2017 - 2030 (USD Billion)
Table 58 India autonomous finance market, by solution, 2017 - 2030 (USD Billion)
Table 59 India autonomous finance market, by End-use, 2017 - 2030 (USD Billion)
Table 60 Latin America autonomous finance market, 2017 - 2030 (USD Billion)
Table 61 Latin America autonomous finance market, by solution, 2017 - 2030 (USD Billion)
Table 62 Latin America autonomous finance market, by End-use, 2017 - 2030 (USD Billion)
Table 63 Brazil autonomous finance market, 2017 - 2030 (USD Billion)
Table 64 Brazil autonomous finance market, by solution, 2017 - 2030 (USD Billion)
Table 65 Brazil autonomous finance market, by End-use, 2017 - 2030 (USD Billion)
Table 66 MEA autonomous finance market, 2017 - 2030 (USD Billion)
Table 67 MEA autonomous finance market, by solution, 2017 - 2030 (USD Billion)
Table 68 MEA autonomous finance market, End-use, 2017 - 2030 (USD Billion)
List of Figures
FIG. 1 Market snapshot
Fig. 2 Segment snapshot
Fig. 3 Competitive landscape snapshot
Fig. 4 Market segmentation and scope
Fig. 5 Autonomous finance market - Value chain analysis
Fig. 6 Autonomous finance market - Market Dynamics
Fig. 7 Autonomous finance market - Key market driver impact
Fig. 8 Credit unions deploying technology, 2021 (In percentage)
Fig. 9 Payment methods preferred globally
Fig. 10 Volume of UPI transactions in India, December 2020 to October 2022 (in Billions)
Fig. 11 Autonomous finance market - Key market challenge impact
Fig. 12 Autonomous finance market - Key market opportunity impact
Fig. 13 Autonomous finance market - PESTEL analysis
Fig. 14 Autonomous finance market - Porter’s Five Forces analysis
Fig. 15 Autonomous finance market, by solution, 2021
Fig. 16 Autonomous finance market, by End-use, 2021
Fig. 17 Autonomous finance market, by region, 2021
Fig. 18 Autonomous finance market - Regional takeaways
Fig. 19 North America autonomous finance market - Key takeaways
Fig. 20 Europe autonomous finance market - Key takeaways
Fig. 21 Asia Pacific autonomous finance market - Key takeaways
Fig. 22 Latin America autonomous finance market - Key takeaways
Fig. 23 MEA autonomous finance market - Key takeaways
Fig. 24 Autonomous finance market - Company categorization
Fig. 25 Autonomous finance market - Company market share analysis, 2021
Fig. 26 Autonomous finance market - Company market position analysis, 2021
Fig. 27 Autonomous finance market - Competitive dashboard analysis

Companies Mentioned

  • Signzy Technologies Private Limited
  • Roots Automation
  • ReGov Technologies Sdn Bhd
  • Fennech Financial
  • Auditoria.AI
  • HighRadius Corporation
  • Oracle Corporation
  • NICE
  • Vic.ai
  • ViralGains

Methodology

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Table Information