The global valuation market has been witnessing strong growth with the rising number of startups that require valuation to display their worth and connect with potential investors. From automated valuation models (AVMs) that aids in the instant calculation of property values to computer vision technology that enhances the accuracy of valuations, technology is making strides in different valuation services.In the light of these trends, the global valuation services market is expected to reach $11.47 billion by 2027.
Among the factors driving this market growth, computer vision technology plays a key role in optimizing property valuation. Tools and applications based on computer vision obtains an indepth analysis of real-time information in real estate operations. Computer vision tech also captures data with depth and accuracy, which enables real estate companies to gain insights from the metadata of property images. The increased accuracy also improves the credibility of property valuation for insurance purposes, purchase decisions, and loans.
To put the spotlight on such tech-driven trends in the industry, Financial Services Review illustrates how organizations are utilizing the latest developments in valuation services. The edition also features thought leadership articles from Patrick Halonen, Senior Vice President, Head of Underwriting, TD; Mārtiņš Bērziņš, Head of Digital Customer Experience, Deputy Business Development at Citadele Bank, and Steven Cranwell, CEO, Americas and Regional Head Client Coverage, Standard Chartered. They shed light on various trends in the valuation services sector, including key developments in artificial intelligence, digital customer experience, and transition finance.
In this edition of Financial Services Review, we also bring to you the story of some of the top valuation service companies that deliver the best outcomes for their clients. The list comprises Insight Economics, a promising economic consulting firm that takes a holistic approach to evaluating the price of every asset from a qualitative and quantitative point of view.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the valuation services sector. We would like to know your thoughts.
