Gen AI in Finance and Accounting Market

Global Gen AI in Finance and Accounting Market Size, Trends & Analysis - Forecasts to 2029 By Deployment Mode (Cloud and On-premises), By Type (Solutions and Services), By Application (Credit Scoring, Fraud Detection, Risk Management, Forecasting & Reporting, and Others), and By Region (North America, Asia Pacific, Central & South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Trending Technology

Format

This report was recently updated on December 16 2024 with the latest and most recent market numbers

Global Gen AI in Finance and Accounting Market Size

The global gen AI in finance and accounting market is expected to grow at a CAGR of 33.2% from 2024 to 2029. Generative AI is transforming the approach to analyzing and presenting financial data. Through AI algorithms, finance experts can now handle large data sets more efficiently, uncovering valuable insights previously buried by the sheer volume of information.

The market is driven by the increasing complexity of financial transactions and the growing demand for real-time analytics. The increasing complexity of financial transactions refers to the rising intricacies involved in various financial activities, such as trading, investment management, and regulatory compliance. As markets evolve and new financial instruments emerge, there is a greater need for advanced analytical tools to navigate these complexities effectively. Moreover, the growing demand for real-time analytics reflects the need for timely insights into financial data. In today's fast-paced markets, decisions must be made swiftly to capitalize on opportunities and mitigate risks. Real-time analytics enable finance professionals to access up-to-the-minute information, allowing quicker and more informed decision-making processes. Additionally, there is an opportunity to enhance decision-making processes by leveraging AI-powered predictive modeling for better risk management and strategic planning.

The major restraint of integrating generative AI in finance faces is ensuring precise outcomes and safeguarding sensitive data. Striking a balance between accuracy and privacy is vital, requiring robust security measures and meticulous data handling protocols to mitigate risks and maintain trust in financial operations.

global gen ai in finance and accounting market

Global Gen AI in Finance and Accounting Market: By Deployment

Based on deployment, the market is segmented into cloud and on-premises. The cloud segment is expected to hold the largest share of the market during the forecast period. The cloud refers to delivering software or services over the internet, where resources are hosted and managed by a third-party provider. Cloud deployment offers scalability, flexibility, and accessibility, allowing users to access the software or services anywhere with an internet connection.

The on-premises segment is projected to grow fastest during the forecast period. On-premises deployment involves installing and running software or services on the organization's servers and infrastructure, typically within their physical premises. This approach gives organizations complete control over their data and systems but requires significant upfront investment in hardware, maintenance, and IT staff for management and security.

Global Gen AI in Finance and Accounting Market: By Type

Based on type, the market is segmented into solutions and services. The solutions segment is expected to hold the largest share of the market during the forecast period. In the finance and accounting market, the solutions segment is typically the largest, encompassing software products and platforms designed to address specific financial needs, such as accounting software, financial analytics tools, and risk management systems.

The services segment is projected to grow fastest during the forecast period. It includes a range of consulting, implementation, training, and support services tailored to help organizations effectively utilize and optimize their financial software solutions. This growth is driven by the increasing complexity of financial operations and the need for specialized expertise in deploying and managing these solutions effectively.

Global Gen AI in Finance and Accounting Market: By Application

Based on application, the market is segmented into credit scoring, fraud detection, risk management, forecasting & reporting, and others. The risk management segment is expected to hold the largest share of the market during the forecast period. Risk management is a pivotal application of generative AI in finance and accounting due to its ability to analyze vast datasets swiftly and accurately. Generative AI models can identify potential risks by detecting patterns and anomalies in financial data, enabling proactive risk mitigation strategies. Moreover, AI-powered predictive modeling enhances risk assessment accuracy, aiding decision-making processes and ensuring financial stability and regulatory compliance.

The fraud detection segment is projected to grow fastest during the forecast period. Fraud detection is a significant application of generative AI in finance and accounting due to its ability to analyze vast amounts of data and identify patterns indicative of fraudulent behavior. By employing advanced algorithms, generative AI can recognize anomalies and deviations from typical financial patterns, enabling early detection of fraudulent activities such as identity theft, unauthorized transactions, or financial manipulation. This proactive approach enhances security measures and helps prevent financial losses for organizations.

asia pacific gen ai in finance and accounting market

Global Gen AI in Finance and Accounting Market: By Region

North America is analyzed to be the largest region in the global gen AI in finance and accounting market during the forecast period. In this region, the financial sector is firmly established, and a consumer base is well-versed in technology, laying the groundwork for robust digital transformation efforts. Companies, including banks, are swiftly adopting state-of-the-art technologies like generative AI, big data analytics, and cloud computing to improve efficiency and provide top-notch customer service. This widespread embrace of advanced tech highlights the region's dedication to innovation and modernization across the insurance sector.

Asia Pacific is analyzed to be the fastest-growing region in the global gen AI in finance and accounting market during the forecast period. The rapid economic growth in countries like China, India, and other countries in Southeast Asia is driving an increase in the middle-class population, leading to higher demand for finance and accounting services. Simultaneously, technological advancements and the shift towards digitalization are prompting financial and fintech firms in the region to adopt generative AI to create innovative digital offerings. Additionally, the Asia Pacific region is experiencing a rise in startups and fintech companies, which prioritize generative AI for analytical purposes due to their digital-first approach. Governments in the region are supporting digital transformation in finance through policies, investments in digital infrastructure, and regulations promoting cloud adoption while ensuring data security and privacy.

Global Gen AI in Finance and Accounting Market Share and Competitor Analysis

IBM Corporation, Intel Corporation, Narrative Science, Amazon Web Services, Inc., Microsoft, Google LLC, Salesforce, Inc., Epicor Software Corporation, Sage Group, and SAP SE, among others are some of the key players operating in the global market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Gen AI in Finance and Accounting Market: Recent Developments

In February 2024, Microsoft introduced Copilot for finance. It is a new Copilot experience for Microsoft 365 that unlocks AI-assisted competencies for financial professionals right from within productivity applications they use every day and is now available for public preview.

1 STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1 Strategic Opportunity & Attractiveness Analysis

1.1.1 Hot Revenue Pockets

1.1.2 Market Attractiveness Score

1.1.3 Revenue Impacting Opportunity

1.1.4 High Growing Region/Country

1.1.5 Competitor Analysis

1.1.6 Consumer Analysis

1.2 Global Market Estimates' View

1.3 Strategic Insights across Business Functions

1.3.1 For Chief Executive Officers

1.3.2 For Chief Marketing Officers

1.3.3 For Chief Strategy Officers

1.4 Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2 TECHNOLOGICAL TRENDS

2.1 Technological Adoption Rate

2.2 Current Trend Impact Analysis

2.3 Future Trend Impact Analysis

3 GLOBAL GEN AI IN FINANCE AND ACCOUNTING MARKET OUTLOOK

3.1 Market Pyramid Analysis

3.1.1 Introduction

3.1.2 Adjacent Market Opportunities

3.1.3 Ancillary Market Opportunities

3.2 Demand Side Analysis

3.2.1 Market Drivers: Impact Analysis

3.2.2 Market Restraints: Impact Analysis

3.2.3 Market Opportunities: Impact Analysis

3.2.4 Market Challenges: Impact Analysis

3.3 Supply Side Analysis

3.3.1 Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2 SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3 Value Chain Analysis

3.3.4 Trend Analysis

3.3.5 Gap Analysis

3.3.6 Cost Analysis

4 GLOBAL GEN AI IN FINANCE AND ACCOUNTING MARKET, BY DEPLOYMENT MODE

4.1 Introduction

4.2 Gen AI in Finance and Accounting Market: Deployment Mode Scope Key Takeaways

4.3 Revenue Growth Analysis, 2023 & 2029

4.4 Cloud

4.4.1 Cloud Market Estimates and Forecast, 2021-2029 (USD Million)

4.5 On-premises

4.5.1 On-premises Market Estimates and Forecast, 2021-2029 (USD Million)

5 GLOBAL GEN AI IN FINANCE AND ACCOUNTING MARKET, BY TYPE

5.1 Introduction

5.2 Gen AI in Finance and Accounting Market: AppliTypecation Scope Key Takeaways

5.3 Revenue Growth Analysis, 2023 & 2029

5.4 Solutions

5.4.1 Solutions Market Estimates and Forecast, 2021-2029 (USD Million)

5.5 Services

5.5.1 Services Market Estimates and Forecast, 2021-2029 (USD Million)

6 GLOBAL GEN AI IN FINANCE AND ACCOUNTING MARKET, BY APPLICATION

6.1 Introduction

6.2 Gen AI in Finance and Accounting Market: Application Scope Key Takeaways

6.3 Revenue Growth Analysis, 2023 & 2029

6.4 Credit Scoring

6.4.1 Credit Scoring Market Estimates and Forecast, 2021-2029 (USD Million)

6.5 Fraud Detection

6.5.1 Fraud Detection Market Estimates and Forecast, 2021-2029 (USD Million)

6.6 Risk Management

6.6.1 Risk Management Market Estimates and Forecast, 2021-2029 (USD Million)

6.7 Forecasting & Reporting

6.7.1 Forecasting & Reporting Market Estimates and Forecast, 2021-2029 (USD Million)

6.8 Others

6.8.1 Others Market Estimates and Forecast, 2021-2029 (USD Million)

7 GLOBAL GEN AI IN FINANCE AND ACCOUNTING MARKET, BY REGION

7.1 Introduction

7.2 North America Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.1 By Deployment Mode

7.2.2 By Type

7.2.3 By Application

7.2.4 By Country

7.2.4.1 U.S. Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.1.1 By Deployment Mode

7.2.4.1.2 By Type

7.2.4.1.3 By Application

7.2.4.2 Canada Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.2.1 By Deployment Mode

7.2.4.2.2 By Type

7.2.4.2.3 By Application

7.2.4.3 Mexico Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.3.1 By Deployment Mode

7.2.4.3.2 By Type

7.2.4.3.3 By Application

7.3 Europe Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.1 By Deployment Mode

7.3.2 By Type

7.3.3 By Application

7.3.4 By Country

7.3.4.1 Germany Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.1.1 By Deployment Mode

7.3.4.1.2 By Type

7.3.4.1.3 By Application

7.3.4.2 U.K. Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.2.1 By Deployment Mode

7.3.4.2.2 By Type

7.3.4.2.3 By Application

7.3.4.3 France Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.3.1 By Deployment Mode

7.3.4.3.2 By Type

7.3.4.3.3 By Application

7.3.4.4 Italy Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.4.1 By Deployment Mode

7.3.4.4.2 By Type

7.2.4.4.3 By Application

7.3.4.5 Spain Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.5.1 By Deployment Mode

7.3.4.5.2 By Type

7.2.4.5.3 By Application

7.3.4.6 Netherlands Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.6.1 By Deployment Mode

7.3.4.6.2 By Type

7.2.4.6.3 By Application

7.3.4.7 Rest of Europe Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.7.1 By Deployment Mode

7.3.4.7.2 By Type

7.2.4.7.3 By Application

7.4 Asia Pacific Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.1 By Deployment Mode

7.4.2 By Type

7.4.3 By Application

7.4.4 By Country

7.4.4.1 China Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.1.1 By Deployment Mode

7.4.4.1.2 By Type

7.4.4.1.3 By Application

7.4.4.2 Japan Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.2.1 By Deployment Mode

7.4.4.2.2 By Type

7.4.4.2.3 By Application

7.4.4.3 India Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.3.1 By Deployment Mode

7.4.4.3.2 By Type

7.4.4.3.3 By Application

7.4.4.4 South Korea Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.4.1 By Deployment Mode

7.4.4.4.2 By Type

7.4.4.4.3 By Application

7.4.4.5 Singapore Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.5.1 By Deployment Mode

7.4.4.5.2 By Type

7.4.4.5.3 By Application

7.4.4.6 Malaysia Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.6.1 By Deployment Mode

7.4.4.6.2 By Type

7.4.4.6.3 By Application

7.4.4.7 Thailand Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.7.1 By Deployment Mode

7.4.4.7.2 By Type

7.4.4.7.3 By Application

7.4.4.8 Indonesia Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.8.1 By Deployment Mode

7.4.4.8.2 By Type

7.4.4.8.3 By Application

7.4.4.9 Vietnam Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.9.1 By Deployment Mode

7.4.4.9.2 By Type

7.4.4.9.3 By Application

7.4.4.10 Taiwan Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.10.1 By Deployment Mode

7.4.4.10.2 By Type

7.4.4.10.3 By Application

7.4.4.11 Rest of Asia Pacific Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.11.1 By Deployment Mode

7.4.4.11.2 By Type

7.4.4.11.3 By Application

7.5 Middle East and Africa Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.1 By Deployment Mode

7.5.2 By Type

7.5.3 By Application

7.5.4 By Country

7.5.4.1 Saudi Arabia Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.1.1 By Deployment Mode

7.5.4.1.2 By Type

7.5.4.1.3 By Application

7.5.4.2 U.A.E. Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.2.1 By Deployment Mode

7.5.4.2.2 By Type

7.5.4.2.3 By Application

7.5.4.3 Israel Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.3.1 By Deployment Mode

7.5.4.3.2 By Type

7.5.4.3.3 By Application

7.5.4.4 South Africa Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.4.1 By Deployment Mode

7.5.4.4.2 By Type

7.5.4.4.3 By Application

7.5.4.5 Rest of Middle East and Africa Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.5.1 By Deployment Mode

7.5.4.5.2 By Type

7.5.4.5.2 By Application

7.6 Central & South America Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.1 By Deployment Mode

7.6.2 By Type

7.6.3 By Application

7.6.4 By Country

7.6.4.1 Brazil Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.1.1 By Deployment Mode

7.6.4.1.2 By Type

7.6.4.1.3 By Application

7.6.4.2 Argentina Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.2.1 By Deployment Mode

7.6.4.2.2 By Type

7.6.4.2.3 By Application

7.6.4.3 Chile Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.3.1 By Deployment Mode

7.6.4.3.2 By Type

7.6.4.3.3 By Application

7.6.4.4 Rest of Central & South America Gen AI in Finance and Accounting Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.4.1 By Deployment Mode

7.6.4.4.2 By Type

7.6.4.4.3 By Application

8 COMPETITIVE LANDCAPE

8.1 Company Market Share Analysis

8.2 Four Quadrant Positioning Matrix

8.2.1 Market Leaders

8.2.2 Market Visionaries

8.2.3 Market Challengers

8.2.4 Niche Market Players

8.3 Vendor Landscape

8.3.1 North America

8.3.2 Europe

8.3.3 Asia Pacific

8.3.4 Rest of the World

8.4 Company Profiles

8.4.1 IBM Corporation

8.4.1.1 Business Description & Financial Analysis

8.4.1.2 SWOT Analysis

8.4.1.3 Products & Services Offered

8.4.1.4 Strategic Alliances between Business Partners

8.4.2 Intel Corporation

8.4.2.1 Business Description & Financial Analysis

8.4.2.2 SWOT Analysis

8.4.2.3 Products & Services Offered

8.4.2.4 Strategic Alliances between Business Partners

8.4.3 Narrative Science

8.4.3.1 Business Description & Financial Analysis

8.4.3.2 SWOT Analysis

8.4.3.3 Products & Services Offered

8.4.3.4 Strategic Alliances between Business Partners

8.4.4 Amazon Web Services, Inc.

8.4.4.1 Business Description & Financial Analysis

8.4.4.2 SWOT Analysis

8.4.4.3 Products & Services Offered

8.4.4.4 Strategic Alliances between Business Partners

8.4.5 Microsoft

8.4.5.1 Business Description & Financial Analysis

8.4.5.2 SWOT Analysis

8.4.5.3 Products & Services Offered

8.4.5.4 Strategic Alliances between Business Partners

8.4.6 GOOGLE LLC

8.4.6.1 Business Description & Financial Analysis

8.4.6.2 SWOT Analysis

8.4.6.3 Products & Services Offered

8.4.6.4 Strategic Alliances between Business Partners

8.4.7 Salesforce, Inc.

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.8 Epicor Software Corporation

8.4.8.1 Business Description & Financial Analysis

8.4.8.2 SWOT Analysis

8.4.8.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.9 SAP SE

8.4.9.1 Business Description & Financial Analysis

8.4.9.2 SWOT Analysis

8.4.9.3 Products & Services Offered

8.4.9.4 Strategic Alliances between Business Partners

8.4.10 Sage Group

8.4.10.1 Business Description & Financial Analysis

8.4.10.2 SWOT Analysis

8.4.10.3 Products & Services Offered

8.4.10.4 Strategic Alliances between Business Partners

8.4.11 Other Companies

8.4.11.1 Business Description & Financial Analysis

8.4.11.2 SWOT Analysis

8.4.11.3 Products & Services Offered

8.4.11.4 Strategic Alliances between Business Partners

9 RESEARCH METHODOLOGY

9.1 Market Introduction

9.1.1 Market Definition

9.1.2 Market Scope & Segmentation

9.2 Information Procurement

9.2.1 Secondary Research

9.2.1.1 Purchased Databases

9.2.1.2 GMEs Internal Data Repository

9.2.1.3 Secondary Resources & Third Party Perspectives

9.2.1.4 Company Information Sources

9.2.2 Primary Research

9.2.2.1 Various Types of Respondents for Primary Interviews

9.2.2.2 Number of Interviews Conducted throughout the Research Process

9.2.2.3 Primary Stakeholders

9.2.2.4 Discussion Guide for Primary Participants

9.2.3 Expert Panels

9.2.3.1 Expert Panels Across 30+ Industry

9.2.4 Paid Local Experts

9.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

9.3 Market Estimation

9.3.1 Top-Down Approach

9.3.1.1 Macro-Economic Indicators Considered

9.3.1.2 Micro-Economic Indicators Considered

9.3.2 Bottom Up Approach

9.3.2.1 Company Share Analysis Approach

9.3.2.2 Estimation of Potential Product Sales

9.4 Data Triangulation

9.4.1 Data Collection

9.4.2 Time Series, Cross Sectional & Panel Data Analysis

9.4.3 Cluster Analysis

9.5 Analysis and Output

9.5.1 Inhouse AI Based Real Time Analytics Tool

9.5.2 Output From Desk & Primary Research

9.6 Research Assumptions & Limitations

9.7.1 Research Assumptions

9.7.2 Research Limitations

LIST OF TABLES

1 Global Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

2 Cloud Market, By Region, 2021-2029 (USD Million)

3 On-premises Market, By Region, 2021-2029 (USD Million)

4 Global Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

5 Solutions Market, By Region, 2021-2029 (USD Million)

6 Services Market, By Region, 2021-2029 (USD Million)

7 Global Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

8 Credit Scoring Market, By Region, 2021-2029 (USD Million)

9 FRAUD DETECTION Market, By Region, 2021-2029 (USD Million)

10 RISK MANAGEMENT Market, By Region, 2021-2029 (USD Million)

11 Forecasting & Reporting Market, By Region, 2021-2029 (USD Million)

12 Others Market, By Region, 2021-2029 (USD Million)

13 Regional Analysis, 2021-2029 (USD Million)

14 North America Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

15 North America Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

16 North America Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

17 North America Gen AI in Finance and Accounting Market, By Country, 2021-2029 (USD Million)

18 U.S Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

19 U.S Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

20 U.S Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

21 Canada Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

22 Canada Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

23 Canada Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

24 Mexico Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

25 Mexico Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

26 Mexico Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

27 Europe Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

28 Europe Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

29 Europe Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

30 Europe Gen AI in Finance and Accounting Market, By COUNTRY, 2021-2029 (USD Million)

31 Germany Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

32 Germany Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

33 Germany Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

34 UK Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

35 UK Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

36 UK Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

37 France Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

38 France Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

39 France Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

40 Italy Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

41 Italy Gen AI in Finance and Accounting Market, By T End Use Type, 2021-2029 (USD Million)

42 Italy Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

43 Spain Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

44 Spain Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

45 Spain Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

46 Rest Of Europe Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

47 Rest Of Europe Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

48 Rest of Europe Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

49 Asia Pacific Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

50 Asia Pacific Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

51 Asia Pacific Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

52 Asia Pacific Gen AI in Finance and Accounting Market, By Country, 2021-2029 (USD Million)

53 China Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

54 China Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

55 China Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

56 India Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

57 India Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

58 India Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

59 Japan Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

60 Japan Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

61 Japan Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

62 South Korea Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

63 South Korea Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

64 South Korea Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

65 Malaysia Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

66 Malaysia Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

67 Malaysia Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

68 Vietnam Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

69 Vietnam Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

70 Vietnam Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

71 Rest of Asia Pacific Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

72 Rest of Asia Pacific Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

73 Rest of Asia Pacific Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

74 Middle East and Africa Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

75 Middle East and Africa Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

76 Middle East and Africa Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

77 Middle East and Africa Gen AI in Finance and Accounting Market, By Country, 2021-2029 (USD Million)

78 Saudi Arabia Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

79 Saudi Arabia Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

80 Saudi Arabia Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

81 UAE Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

82 UAE Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

83 UAE Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

84 Rest of Middle East and Africa Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

85 Rest of Middle East and Africa Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

86 Rest of Middle East and Africa Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

87 Central & South America Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

88 Central & South America Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

89 Central & South America Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

90 Central & South America Gen AI in Finance and Accounting Market, By Country, 2021-2029 (USD Million)

91 Brazil Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

92 Brazil Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

93 Brazil Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

94 Argentina Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

95 Argentina Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

96 Argentina Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

97 Rest of Central & South America Gen AI in Finance and Accounting Market, By Deployment Mode, 2021-2029 (USD Million)

98 Rest of Central & South America Gen AI in Finance and Accounting Market, By Type, 2021-2029 (USD Million)

99 Rest of Central & South America Gen AI in Finance and Accounting Market, By Application, 2021-2029 (USD Million)

100 IBM Corporation: Products & Services Offering

101 Intel Corporation: Products & Services Offering

102 Narrative Science: Products & Services Offering

103 Amazon Web Services, Inc.: Products & Services Offering

104 Microsoft: Products & Services Offering

105 GOOGLE LLC: Products & Services Offering

106 Salesforce, Inc.: Products & Services Offering

107 Epicor Software Corporation: Products & Services Offering

108 SAP SE: Products & Services Offering

109 Sage Group: Products & Services Offering

110 Other Companies: Products & Services Offering

LIST OF FIGURES

1 Global Gen AI in Finance and Accounting Market Overview

2 Global Gen AI in Finance and Accounting Market Value From 2021-2029 (USD Million)

3 Global Gen AI in Finance and Accounting Market Share, By Deployment Mode (2023)

4 Global Gen AI in Finance and Accounting Market Share, By Type (2023)

5 Global Gen AI in Finance and Accounting Market Share, By Application (2023)

6 Global Gen AI in Finance and Accounting Market, By Region (Asia Pacific Market)

7 Technological Trends In Global Gen AI in Finance and Accounting Market

8 Four Quadrant Competitor Positioning Matrix

9 Impact Of Macro & Micro Indicators On The Market

10 Impact Of Key Drivers On The Global Gen AI in Finance and Accounting Market

11 Impact Of Challenges On The Global Gen AI in Finance and Accounting Market

12 Porter’s Five Forces Analysis

13 Global Gen AI in Finance and Accounting Market: By Deployment Mode Scope Key Takeaways

14 Global Gen AI in Finance and Accounting Market, By Deployment Mode Segment: Revenue Growth Analysis

15 Cloud Market, By Region, 2021-2029 (USD Million)

16 On-premises Market, By Region, 2021-2029 (USD Million)

17 Global Gen AI in Finance and Accounting Market: By Type Scope Key Takeaways

18 Global Gen AI in Finance and Accounting Market, By Type Segment: Revenue Growth Analysis

19 Solutions Market, By Region, 2021-2029 (USD Million)

20 Services Market, By Region, 2021-2029 (USD Million)

21 Global Gen AI in Finance and Accounting Market: By Application Scope Key Takeaways

22 Global Gen AI in Finance and Accounting Market, By Application Segment: Revenue Growth Analysis

23 Credit Scoring Market, By Region, 2021-2029 (USD Million)

24 Fraud Detection Market, By Region, 2021-2029 (USD Million)

25 Risk Management Market, By Region, 2021-2029 (USD Million)

26 Forecasting & Reporting Market, By Region, 2021-2029 (USD Million)

27 Others Market, By Region, 2021-2029 (USD Million)

28 Regional Segment: Revenue Growth Analysis

29 Global Gen AI in Finance and Accounting Market: Regional Analysis

30 North America Gen AI in Finance and Accounting Market Overview

31 North America Gen AI in Finance and Accounting Market, By Deployment Mode

32 North America Gen AI in Finance and Accounting Market, By Type

33 North America Gen AI in Finance and Accounting Market, By Application

34 North America Gen AI in Finance and Accounting Market, By Country

35 U.S. Gen AI in Finance and Accounting Market, By Deployment Mode

36 U.S. Gen AI in Finance and Accounting Market, By Type

37 U.S. Gen AI in Finance and Accounting Market, By Application

38 Canada Gen AI in Finance and Accounting Market, By Deployment Mode

39 Canada Gen AI in Finance and Accounting Market, By Type

40 Canada Gen AI in Finance and Accounting Market, By Application

41 Mexico Gen AI in Finance and Accounting Market, By Deployment Mode

42 Mexico Gen AI in Finance and Accounting Market, By Type

43 Mexico Gen AI in Finance and Accounting Market, By Application

44 Four Quadrant Positioning Matrix

45 Company Market Share Analysis

46 IBM Corporation: Company Snapshot

47 IBM Corporation: SWOT Analysis

48 IBM Corporation: Geographic Presence

49 Intel Corporation: Company Snapshot

50 Intel Corporation: SWOT Analysis

51 Intel Corporation: Geographic Presence

52 Narrative Science: Company Snapshot

53 Narrative Science: SWOT Analysis

54 Narrative Science: Geographic Presence

55 Amazon Web Services, Inc.: Company Snapshot

56 Amazon Web Services, Inc.: Swot Analysis

57 Amazon Web Services, Inc.: Geographic Presence

58 Microsoft: Company Snapshot

59 Microsoft: SWOT Analysis

60 Microsoft: Geographic Presence

61 GOOGLE LLC: Company Snapshot

62 GOOGLE LLC: SWOT Analysis

63 GOOGLE LLC: Geographic Presence

64 Salesforce, Inc.: Company Snapshot

65 Salesforce, Inc.: SWOT Analysis

66 Salesforce, Inc.: Geographic Presence

67 Epicor Software Corporation: Company Snapshot

68 Epicor Software Corporation: SWOT Analysis

69 Epicor Software Corporation: Geographic Presence

70 SAP SE.: Company Snapshot

71 SAP SE.: SWOT Analysis

72 SAP SE.: Geographic Presence

73 Sage Group: Company Snapshot

74 Sage Group: SWOT Analysis

75 Sage Group: Geographic Presence

76 Other Companies: Company Snapshot

77 Other Companies: SWOT Analysis

78 Other Companies: Geographic Presence

The Global Gen AI in Finance and Accounting Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Gen AI in Finance and Accounting Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Gen AI in Finance and Accounting Market.

Gen AI in Finance and Accounting Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Gen AI in Finance and Accounting Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Gen AI in Finance and Accounting Market Share

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Frequently Asked Questions

What is the projected market size of the global gen AI in finance and accounting market?

The global gen AI in finance and accounting market is expected to grow at a CAGR of 33.2% from 2024 to 2029.

Who are the major vendors in the global gen AI in finance and accounting market?

The key players operating in the market are IBM Corporation, Intel Corporation, Narrative Science, Amazon Web Services, Inc., Microsoft, Google LLC, Salesforce, Inc., Epicor Software Corporation, Sage Group, and SAP SE, among others.

What are the opportunities prevailing in the global gen AI in finance and accounting market?

The global gen AI in finance and accounting market is expected to gain opportunities due to increasing complexity of financial transactions and the growing demand for real-time analytics. Additionally, there is an opportunity to enhance decision-making processes by leveraging AI-powered predictive modeling for better risk management and strategic planning.

What are the major drivers for the global gen AI in finance and accounting market growth?

Global gen AI in finance and accounting market growth is driven by increasing complexity of financial transactions and the growing demand for real-time analytics.