Machine Learning in Banking Market to Garner $21.27 Billion, Globally, By 2031 at 32.2% CAGR: Allied Market Research

PORTLAND, Ore., Sept. 26, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Machine Learning in Banking Market By Component (Solution and Service), Enterprise Size (Large Enterprises, Small and Medium-Sized Enterprises [SMEs]), Application (Credit Scoring, Risk Management Compliance and Security, Payments and Transactions, Customer Service, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". As per the report, the global machine learning in banking industry accounted for $1.33 billion in 2021, and is expected to reach $21.27 billion by 2031, growing at a CAGR of 32.2% from 2021 to 2030.