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Artificial Intelligence In Asset Management Market size is set to grow by USD 10.37 billion from 2023-2027, Rapid adoption of artificial intelligence in asset management and growing importance of asset tracking boost the market, Technavio

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NEW YORK, July 16, 2024 /PRNewswire/ — The global artificial intelligence in asset management market size is estimated to grow by USD 10.37 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  37.88%  during the forecast period. Rapid adoption of artificial intelligence in asset management and growing importance of asset tracking is driving market growth, with a trend towards growing adoption of cloud-based artificial intelligence services in asset management. However, rising number of data privacy and cybersecurity  poses a challenge. Key market players include 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..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Artificial Intelligence In Asset Management Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017 – 2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 37.88%

Market growth 2023-2027

USD 10373.18 million

Market structure

Concentrated

YoY growth 2022-2023 (%)

35.12

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 49%

Key countries

US, China, Germany, UK, and France

Key companies profiled

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.

Market Driver

Asset management is a vital business function, and the integration of cloud-based artificial intelligence (AI) services is revolutionizing its operations. AI’s cost-effectiveness and scalability make it an attractive option for asset managers seeking to enhance their efficiency and decision-making capabilities. These services enable asset managers to process vast amounts of data, recognize trends, and make decisions based on real-time information. AI models can analyze economic data, market trends, and other investment variables, optimizing portfolios by identifying profitable investments. In risk management, AI plays a significant role, allowing early identification and mitigation of potential risks, minimizing losses, and safeguarding client investments. Customizable AI models cater to unique investment strategies, risk profiles, and firm requirements, providing a competitive edge. The abundance of available data is another factor fueling AI adoption in asset management. Cloud-based AI services expeditiously process this data, offering real-time insights for informed investment decisions. These factors are anticipated to fuel the growth of the cloud-based AI market in asset management during the forecast period. 

Artificial Intelligence (AI) is revolutionizing the Asset Management industry by enhancing quantitative modeling and alpha generation techniques. AI models use historical trading data to identify market inefficiencies, providing valuable insights for asset managers. Wealth management firms are leveraging AI to improve operational efficiency, streamline investment processes, and ensure data quality for better client retention. Technology companies like EagleView, an analytics provider, use AI to analyze aerial imagery and news articles for investment opportunities. Human-machine interaction systems, such as chatbots and conversational platforms, offer personalized services to both business-to-consumer and business-to-business clients. AI’s ability to learn from large datasets through deep learning algorithms enables more accurate predictions and faster response times. Low interest rates and strict regulations necessitate the need for AI to generate alpha and optimize financial transactions. Natural language processing (NLP) and voice recognition programs improve human-machine interaction, while computer vision and virtual assistants offer operational advantages in a work-from-home (WFH) environment. AI’s role in asset management continues to grow, with applications ranging from portfolio management to risk assessment and regulatory compliance. 

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Market Challenges

The artificial intelligence (AI) in asset management market has experienced substantial growth in recent years, offering benefits such as improved decision-making and increased efficiency for asset management firms. However, the use of AI technology raises concerns regarding data privacy and cybersecurity. Asset managers rely on large data sets to function, but ensuring their privacy and protection is crucial. Advanced AI algorithms require access to detailed personal and financial information, making it a prime target for cybercriminals. External data sources also pose challenges, as ownership and data processing become difficult to manage and audit. Furthermore, automation of tasks through AI can lead to job losses, necessitating firms to address employment concerns. Lastly, regulatory compliance is a significant challenge due to varying laws and regulations governing data protection, cybersecurity, and AI use. These factors may increase the risk of cyberattacks and data breaches, potentially hindering market growth.Artificial Intelligence (AI) is revolutionizing the Asset Management industry, with conversational platforms like chatbots becoming essential for Business-to-Consumer and Business-to-Business interactions. However, challenges persist, such as strict regulations and low-interest rates. AI tools like Natural Language Processing (NLP), computer vision, and voice recognition programs are transforming investment services. With the shift to Work From Home (WFH), digital technology is increasingly important. TIFIN Group’s Scotia Smart Investor uses AI algorithms and machine learning for data analysis, decision making, risk management, and portfolio optimization. Compliance monitoring, investor protection, privacy, ethical thinking, and market volatility are addressed through AI. Data sources include financial data, company announcements, and business metrics. AI’s role in asset management is crucial, but it must navigate regulations, interest rates, and ethical considerations.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This artificial intelligence in asset management market report extensively covers market segmentation by  

Deployment 1.1 On-premises1.2 CloudIndustry Application2.1 BFSI2.2 Retail and e-commerce2.3 Healthcare2.4 Energy and utilities2.5 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 On-premises-  The on-premise segment of the global artificial intelligence (AI) in asset management market is projected to experience substantial growth in the upcoming years. On-premise AI solutions offer organizations more control and flexibility over their data compared to cloud-based alternatives. Installed locally on organizations’ servers, these solutions cater to unique business requirements. On-premise AI solutions provide complete ownership and control over data, enabling customization that is not possible with cloud-based options. Additionally, they offer enhanced security, as data is stored within the organization’s premises instead of on a remote cloud server, reducing the risk of data breaches. Furthermore, on-premise solutions deliver superior performance and faster response times, resulting in more accurate and actionable insights for better decision-making. Financial institutions, particularly banks and other financial organizations, are increasingly adopting on-premise AI solutions for asset management due to their need for customization and security in handling large volumes of sensitive data daily. The continuous addition of features and advancements in on-premise AI solutions is expected to fuel the expansion of the global AI in asset management market throughout the forecast period.

For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Artificial Intelligence (AI) Chips market is experiencing rapid growth, driven by advancements in AI applications across various industries. Key players are focusing on developing innovative chip architectures to enhance computational efficiency and processing power.

The global Aerospace Artificial Intelligence market is also expanding, with AI technologies revolutionizing aircraft operations, maintenance, and safety protocols. Major aerospace companies are investing in AI for predictive maintenance, autonomous flight systems, and enhanced passenger experience, propelling the market’s growth.

Research Analysis

Artificial Intelligence (AI) is revolutionizing the asset management industry by automating various tasks, from portfolio management to customer service. Conversational platforms, such as chatbots, are a key application of AI in business-to-consumer and business-to-business asset management. These systems use Natural Language Processing (NLP) and deep learning to understand and respond to customer queries, providing personalized investment advice and improving operational efficiency. However, the implementation of AI in asset management is not without challenges. Strict regulations and low-interest rates pose significant hurdles for asset managers looking to adopt AI models. FinTech companies are leading the charge in this space, offering software platforms that use algorithmic models to analyze financial transactions and provide data-driven investment recommendations. The TIFIN AMP, a resourceful AI model from TIFIN Group, is an example of how AI is transforming investment services. It uses deep learning to understand client needs and preferences, providing customized investment solutions while ensuring data quality and client retention. The human-machine interaction systems also enable seamless communication between clients and asset managers, enhancing the overall customer experience. Despite the benefits, the implementation of AI in asset management also raises concerns around data security and privacy. Non-residents and other stakeholders must ensure that regulations are in place to protect sensitive financial information and maintain transparency in financial transactions.

Market Research Overview

Artificial Intelligence (AI) is revolutionizing the Asset Management industry by automating various tasks and enhancing business strategies. Conversational platforms and chatbots are being integrated into Business-to-Consumer (B2C) and Business-to-Business (B2B) models for efficient communication and customer service. AI technologies like Natural Language Processing (NLP), computer vision, and voice recognition programs are being used to analyze vast data volumes and make informed decisions. However, strict regulations and low-interest rates pose challenges to the adoption of AI in the industry. AI algorithms and machine learning models are being used for portfolio optimization, risk management, compliance monitoring, and decision making. Digital technology is enabling asset managers to analyze financial data, business metrics, company announcements, and other data sources for alpha generation techniques. Wealth management and investment services are leveraging AI models for operational efficiency, investment processes, and client retention. Deep learning and chatbots are being used for human-machine interaction systems, while virtual assistants are being integrated into software platforms for non-residents. Technology Insights and analytics providers like TIFIN Group are offering AI-powered solutions for asset managers to stay competitive in the digital age. The use of AI in asset management is also enabling the analysis of aerial imagery, market volatility, and financial transactions for investment opportunities. Ethical thinking, investor protection, privacy, and regulatory compliance are essential considerations in the implementation of AI models. The asset management industry is embracing digital technology to stay ahead of the curve and provide better services to clients.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premisesCloudIndustry ApplicationBFSIRetail And E-commerceHealthcareEnergy And UtilitiesOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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/

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Technology

Arandell Corporation Completes Acquisition of Maple Grove Operations

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MENOMONEE FALLS, Wis., Sept. 24, 2024 /PRNewswire/ — Saothair Capital Partners (“Saothair”), a private equity firm focused exclusively on investing in middle-market manufacturing and industrial companies, announced today that its portfolio company Arandell Corporation (“Arandell”) has acquired the business and assets of the Maple Grove, MN, facility (“Maple Grove“) from the CJK Group.

Arandell is one of the nation’s leading providers of high-quality catalog and brochure printing, mailing and logistics.

Maple Grove was previously acquired as part of CJK Group’s acquisition of Kodi Collective from LSC Communications in February of 2024.

Arandell’s existing facility and corporate office are based in Menomonee Falls, WI, and for over 100 years, Arandell has built a reputation in the marketplace for providing exceptional service and print quality along with effective solutions for postal optimization and logistics for many leading brands, retailers and other clients.

Already one of the largest printers in the country, by the addition of the Maple Grove facility, Arandell significantly increases its available capacity – complementing the ongoing expansion at the Menomonee Falls facility – and provides an even wider range of print and binding solutions to its customers to support their needs and help manage costs. With over 200 employees, the Maple Grove operations include a large double-web press platform that can efficiently run lightweight paperstocks and a bindery that offers significant capacity for both flat and letter marketing mail.

Sandy L. Ford, President and CEO of Arandell, said, “We are tremendously excited to welcome the Maple Grove team to Arandell. Maple Grove has a great reputation for quality and reliability, and their capabilities are a perfect complement to our Menomonee Falls facility, allowing us to grow across both locations. Arandell is committed to being the leading provider of print mail solutions in the marketplace, and this acquisition represents a milestone for our organization in that mission.”

Kevin Madden, Managing Partner of Saothair, added, “We are thrilled to provide the necessary support for Sandy and the Arandell team as they expand their capabilities in the marketplace and provide our customers with the quality and reliability they expect from Arandell.”

Legal counsel to Saothair and Arandell was provided by Jenner & Block.

About Saothair Capital Partners

Saothair is a private investment firm focused exclusively on investing in middle-market manufacturing and industrial businesses facing unique financial or operational challenges. Saothair makes controlling equity investments in companies across various industries, including paper & packaging, plastics, metals processing, automotive, building products, healthcare-related products, food & beverage, and other manufacturing. Saothair works in partnership with each key stakeholder invested in the business’s long-term success.  For more information, please see www.saothair.com.

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SOURCE Saothair Capital Partners, LLC

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Technology

Silicones Market Positioned for Significant Growth, Expected to Reach $23.3 Billion by 2029

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Silicones: Driving Innovation Across Industries with High-Performance Applications in Construction, Manufacturing, and Transportation. BCC Research Study Projects 6.0% CAGR, with Market Growth from $17.4 Billion in 2024 to $23.3 Billion by 2029.

BOSTON, Sept. 24, 2024 /PRNewswire/ — “According to the latest BCC Research study, the demand for “Silicones: Global Markets” is expected to grow from $17.4 billion in 2024 and is projected to reach $23.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.0% during the forecast period of 2024 to 2029.”

The report provides an in-depth analysis of the global silicone market, focusing on its wide-ranging industrial applications in sectors such as transportation, construction, personal care, energy, healthcare, and electronics. It examines critical parameters evaluated by industries and regulatory bodies, given the ongoing advancements and expansions within these sectors. BCC Research has segmented the silicone market by product form—silicone elastomers, fluids, resins, gels, and others—and by end-use industries, including industrial processes, construction, personal care, transportation, energy, healthcare, and electronics. The report offers detailed market estimations in terms of value (in millions of dollars) and volume (in kilotons), with 2023 as the base year and forecasts extending from 2024 to 2029. Additionally, it covers regional market sizes across Asia-Pacific, Europe, North America, and the Rest of the World (RoW), while discussing market strategies, ESG development, regulatory landscape, key players, and driving forces shaping the industry.

The relevance of this report is underscored by the rapidly growing markets in sectors like construction, transportation, and electronics, all of which are driving a heightened demand for binding and coating substances. This surge is directly elevating the need for silicone products, a critical material in these industries. Moreover, with the rising concerns over pollution and environmental impact, the recycling of silicone has gained importance, opening doors for sustainable silicone products that can help reduce the carbon footprint. This shift not only creates new opportunities for businesses to enter the market but also highlights the essential role of silicone in the continued expansion of global industries.

Please click here for more details on “The Global Market for Silicones Report.”

The following factors drive the global market for silicones:

Surge in the Construction and Automotive Industries: Silicones are heavily used in construction for their sealants, adhesives, and coatings because they are durable and withstand harsh weather conditions. In the automotive sector, silicones are crucial for making gaskets, hoses, and other parts that need to handle hot temperatures and tough environments. As these industries expand, the demand for silicones naturally increases.

Increasing Demand for Silicone in Energy and Electronics Industries: In the energy sector, silicones are important for renewable technologies like solar panels and wind turbines, where they provide essential insulation and protection. For electronics, silicones are used to encase and protect delicate components, ensuring devices are reliable and long-lasting.

Growing Silicone Usage in Healthcare and Medical Applications: The healthcare industry relies on silicones for many uses, such as in medical devices, implants, and prosthetics, thanks to their compatibility with the human body and their flexibility. They are also used in wound care products and drug delivery systems, which help improve patient outcomes.

Rise of Silicone Recycling: With increasing environmental concerns, recycling silicones is becoming more common. This helps to minimize waste and reduce the environmental impact of silicone production. This trend is driven by stricter regulations and a growing emphasis on sustainability among manufacturers and consumers.

Request a sample copy of the global market for silicone reports.

Report Synopsis

Report Metrics

Details

Base year considered

2023

Forecast Period considered

2024-2029

Base year market size

$16.5 billion

Market Size Forecast

$23.3 billion

Growth rate

CAGR of 6.0% for the forecast period of 2024-2029

Segment Covered

Product Form, End User, and Region

Regions covered

North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Countries covered

China, India, Japan, the U.S., Canada, Mexico, Germany, Spain, and France

Key Market Drivers

 

 

 

•  Surge in the construction and automotive industries.

•  Increasing demand for silicone in energy and electronics industries.

•  Growing silicone usage in healthcare and medical applications.

•  Rise of silicone recycling.

Key Interesting Facts About the global market for silicones:

Silicone is a versatile material used in scar treatment due to its beneficial properties.Silicone gel helps balance growth factors, hydrate skin, and protect scarred tissue from bacteria.It regulates collagen synthesis, reducing scar tissue formation over time.Silicone scar treatment products come in sheets, strips, and gels for unique needs.These products are recommended by healthcare professionals and can be used at home effectively.

The global market for silicones report includes in-depth data and analysis addressing the following important queries:

What is the projected market size and growth rate of the market?
– The estimated size of the silicones market will be $23.3 billion by 2029, with a CAGR of 6.0%.

What are the key factors driving the growth of the market?
– Expansion of the construction and automotive industries worldwide
– Increasing demand from packaging, furniture, footwear, and appliance industries

What segments are covered in the market?
– The market is segmented based on product form, end-user, and region. Segmentation based on product form: the market is segmented into silicone elastomers, silicone fluids, silicone resins, silicone gels, and others. Based on end use, the market is segmented into construction, transportation, electronics, personal care and consumer goods, healthcare, industrial processes, energy, and others. Regional estimates and forecasts comprise North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

By end-user, which segment will dominate the market by the end of 2029?
– The construction segment silicone market will continue to dominate the market by the end of 2029.

Which region has the highest market share in the market?
Asia-Pacific holds the largest market share due to the extensive presence of key players in this region and the high demand for automotive and electronics applications. Additionally, China and the Southeast Asian region have been among the largest utilizes of the technology.

 Some of the Key Market Players Are:

ASAHI KASEI ADVANCE CORP.BRB INTERNATIONALCHT GERMANY GMBH           DOWDUPONTDYSTAR SINGAPORE PTE. LTD.ELKEM ASAEVONIK INDUSTRIES AGINNOSPECKCC SILICONE CORP.MITSUBISHI SHOJI CHEMICAL CORP.SHIN-ETSU CHEMICAL CO. LTD.SILCHEM INC.SPECIALTY SILICONE PRODUCTS INC.WACKER CHEMIE AG

Browse More Related Reports:

Global Markets for Adhesives & Sealants or Joining and Fastening: This report provides a comprehensive overview of the global adhesives and sealants market, emphasizing their critical role across various industries including transportation, woodworking, packaging, construction, medical and healthcare, and consumer goods. With growing industrialization driving demand, advancements in adhesive and sealant technologies, such as hot melt, solvent-based, and silicone formulations, are crucial. The market analysis includes segmentation by type, technology, chemicals, curing techniques, and end-use sectors, forecasting market growth from 2024 to 2029 across key regions like Asia-Pacific, Europe, North America, and the Rest of the World (RoW). Key players, market strategies, and environmental, social, and governance (ESG) considerations also feature prominently in this assessment of the market landscape.

Elastomers: Applications and Global Markets: This report provides comprehensive insights into the global elastomers industry, detailing the several types of elastomers, such as thermosets and thermoplastics, and the processes associated with them, including injection molding, extrusion, adhesive, and coating. It also examines the key end-use industries that rely on elastomers, such as automotive, industrial, medical, consumer goods, and building and construction. The report offers market estimates based on manufacturers’ total revenues, with projected revenue values presented in constant U.S. dollars. Additionally, the market is segmented by region, covering North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW).

Directly purchase a copy of the report with BCC Research.

For further information or to make a purchase, please get in touch with info@bccresearch.com.

About BCC Research

BCC Research provides objective, unbiased measurement, and assessment of market opportunities with detailed market research reports. Our experienced industry analysts’ goal is to help you make informed business decisions, free of noise and hype.

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Email: info@bccresearch.com,

Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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Technology

GDT Expands Collaboration Capabilities with MDS Acquisition

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DALLAS, Sept. 25, 2024 /PRNewswire/ — Global IT solutions provider General Datatech (GDT) announced that it has acquired MDS Global IT (MDS) to expand its international collaboration and contact center practice.

MDS’s deep expertise in Cisco Unified Collaboration and Unified Contact Center Enterprise complements GDT’s industry-leading capabilities in networking, data center modernization, and security. MDS adds customers in the healthcare, retail, banking, technology, and manufacturing industries to GDT’s large existing client base. The combined capabilities and significant scale of GDT and MDS together create new opportunities for customers on both sides.

“GDT continues making strategic business investments to scale our capabilities, meet the growing digital transformation needs of customers, and expand global market share,” said Shawn O’Grady, Chair and CEO of GDT. “We look forward to welcoming MDS’s clients and employees to GDT. We believe both parties will benefit from our expanded capabilities and scale, especially in segments like modern networking, security, and hybrid data center.”

“MDS brings a long list of strong customer relationships and deep capabilities in the collaboration and contact center space through its US- and India-based resources,” said Kyle Dziubinski, CEO of MDS. “I’m thrilled to bring the strength and breadth of capabilities of GDT to our existing customer base.”

About GDT

As a global IT solutions provider, GDT accelerates its clients’ digitalization and business goals by transforming and modernizing platforms, networks, and cybersecurity through industry-leading infrastructure solutions, deep expertise, and flexible service delivery models.

GDT has a 26-year heritage and a global workforce, including its Indian Technology Center in Bangalore. Partners consistently recognize GDT for expertise across its solution stack. GDT maintains over 450 certifications with the world’s best-known technology providers. GDT’s history, knowledge, and global reach provide the foundation for developing rich, sustainable services and solutions that push its people to the forefront of IT thought leadership and expertise.

Follow GDT on LinkedIn and visit www.GDT.com.

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