Global IOT in Banking and Financial Services Market Size study, by Component ( Solutions, Security) by Solution ( Security, Customer Experience Management, Monitoring, Data Management, Others) by Services (Professional Services(Integration and Deployment, Support and Maintenance, Business Consulting), Managed Services) by End-User(Banking, Insurance, Others) by Organization Size (Small and Medium-Sized Enterprises, Large Enterprises)and Regional Forecasts 2021-2027

BIZ4386141
200 Pages
May 2021
BFSI

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Global IOT in Banking and Financial Services Market is valued approximately USD 0.31 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 50.5% over the forecast period 2021-2027. The Internet of Things (IoT) is a network of interconnected computing devices, digital machines, items, and people that can communicate with each other and with computers without the need for human-to-human or human-to-computer interaction. It is capable of providing increased services in a variety of domains, as well as sophisticated network and system connections with well-defined protocols and applications. Due to the growing use of smartphones and the Internet around the world, the global IoT in banking and financial services industry is predicted to rise significantly. Furthermore, the banking and financial services industry is moving toward digitalization of transactions and other financial activities in order to create smoother banking service operations, therefore an increase in digital transactions is likely to be a major factor driving market expansion. Increasing use of online banking applications is expected to be one of the key factors driving IoT growth in the BFSI market during the forecast period. One of the main advantages of online banking applications is that they enable to cut out the middlemen and give end consumers with easy-to-use services. E-wallet services, virtual assistants, highly authenticated security systems are some of the characteristics of online banking software. For example, Hero Electronix acquired Zenatix in May 2018 to develop banking applications for the BFSI, automation, and retail industries. This same demand for banking suite applications is driving the demand for Cloud Products With In BFSI industry. However , the risk of data security and privacy is expected to be a major impediment to the growth of the global IoT in banking and financial services. Furthermore, rising cyber threats and online scams are among the other factors that are expected to impede the target market's growth to some extent. During forecasting period smartphones, smartwatches, sports trackers, smartdevices, and even smart houses are constantly collecting data. All of these interconnected devices generate a constant flow of data that must be stored, processed, and analysed in order to bring value. Furthermore, this data can be used for near real-time data processing, allowing organisations to increase productivity and improve business operations.

According to the United States APAC Economic and Security Review Commission, APAC has increased its efforts and financial support to catalyse domestic IoT research and development and infrastructure development. The APAC IoT market reached USD 154 billion in 2017 and is expected to reach USD 267 billion by 2020.Furthermore, APAC has created services and solutions for the IoT supply chain, components, devices, software, and operators. Furthermore, Japan is seeing an increase in the number of startups and businesses that are advancing its technological features by deploying IoT services.

Major market player included in this report are:

IBM

Microsoft

Capgemini

Cisco

SAP

Oracle

Accenture

Infosys

Software AG

Vodafone

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

Solutions

Services

By Solution:

Security

Customer Experience Management

Monitoring

Data Management

Others

By Services:

Professional Services

• Integration and Deployment

• Support and Maintenance

• Business Consulting

Managed Services

By End-User:

Banking

Insurance

Others

By Organization Size:

Small and Medium-sized Enterprises

Large Enterprises

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027

Target Audience of the Global IOT in Banking and Financial ServicesMarket in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. IoT in Banking and Financial Services Market, by Region, 2019-2027 (USD Billion)

1.2.2. IoT in Banking and Financial Services Market, by Components,2019-2027 (USD Billion)

1.2.3. IoT in Banking and Financial Services Market, by Solution,2019-2027 (USD Billion)

1.2.4. IoT in Banking and Financial Services Market, by Services,2019-2027 (USD Billion)

1.2.5. IoT in Banking and Financial Services Market, by End-user,2019-2027 (USD Billion)

1.2.6. IoT in Banking and Financial Services Market, by Organization Size,2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global IoT in Banking and Financial Services Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global IoT in Banking and Financial Services Market Dynamics

3.1. IoT in Banking and Financial Services Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Digitalization of Transactions

3.1.1.2. Increasing use of Online Banking Applications

3.1.2. Market Challenges

3.1.2.1. Risk of Data Security

3.1.3. Market Opportunities

3.1.3.1. Improve business operations

Chapter 4. Global IoT in Banking and Financial Services Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global IoT in Banking and Financial Services Market, by Component

5.1. Market Snapshot

5.2. Global IoT in Banking and Financial Services Market by Component, Performance - Potential Analysis

5.3. Global IoT in Banking and Financial Services Market Estimates & Forecasts by Component 2018-2027 (USD Billion)

5.4. IoT in Banking and Financial Services Market, Sub Segment Analysis

5.4.1. Solution

5.4.2. Services

Chapter 6. Global IoT in Banking and Financial Services Market, by Solution

6.1. Market Snapshot

6.2. Global IoT in Banking and Financial Services Market by Solution, Performance - Potential Analysis

6.3. Global IoT in Banking and Financial Services Market Estimates & Forecasts by Solution 2018-2027 (USD Billion)

6.4. IoT in Banking and Financial Services Market, Sub Segment Analysis

6.4.1. Security

6.4.2. Customer Experience Management

6.4.3. Monitoring

6.4.4. Data Management

6.4.5. Others

Chapter 7. Global IoT in Banking and Financial Services Market, by Services

7.1. Market Snapshot

7.2. Global IoT in Banking and Financial Services Market by Services, Performance - Potential Analysis

7.3. Global IoT in Banking and Financial Services Market Estimates & Forecasts by Services 2018-2027 (USD Billion)

7.4. IoT in Banking and Financial Services Market, Sub Segment Analysis

7.4.1. Professional Services

7.4.2. Managed Services

Chapter 8. Global IoT in Banking and Financial Services Market, by End-user

8.1. Market Snapshot,

8.2. Global IoT in Banking and Financial Services Market by End-user Performance - Potential Analysis

8.3. Global IoT in Banking and Financial Services Market Estimates & Forecasts by End-user 2018-2027 (USD Billion)

8.4. IoT in Banking and Financial Services Market, Sub Segment Analysis

8.4.1. Banking

8.4.2. Insurance

8.4.3. Others

Chapter 9. Global IoT in Banking and Financial Services Market, by Organization size

9.1. Market Snapshot

9.2. Global IoT in Banking and Financial Services Market by Organization Size, Performance - Potential Analysis

9.3. Global IoT in Banking and Financial Services Market Estimates & Forecasts by Organization Size 2018-2027 (USD Billion)

9.4. IoT in Banking and Financial Services Market, Sub Segment Analysis

9.4.1. Small and Medium-Sized Enterprises

9.4.2. Large Enterprises

Chapter 10. Global IoT in Banking and Financial Services Market, Regional Analysis

10.1. IoT in Banking and Financial Services Market, Regional Market Snapshot

10.2. North America IoT in Banking and Financial Services Market

10.2.1. U.S.IoT in Banking and Financial Services Market

10.2.1.1. Components breakdown estimates & forecasts, 2018-2027

10.2.1.2. Solution breakdown estimates & forecasts, 2018-2027

10.2.1.3. Services breakdown estimates & forecasts, 2018-2027

10.2.1.4. End-User breakdown estimates & forecasts, 2018-2027

10.2.1.5. Organization Size breakdown estimates & forecasts, 2018-2027

10.2.2. CanadaIoT in Banking and Financial Services Market

10.3. Europe IoT in Banking and Financial Services Market Snapshot

10.3.1. U.K. IoT in Banking and Financial Services Market

10.3.2. Germany IoT in Banking and Financial Services Market

10.3.3. France IoT in Banking and Financial Services Market

10.3.4. Spain IoT in Banking and Financial Services Market

10.3.5. Italy IoT in Banking and Financial Services Market

10.3.6. Rest of EuropeIoT in Banking and Financial Services Market

10.4. Asia-PacificIoT in Banking and Financial Services Market Snapshot

10.4.1. China IoT in Banking and Financial Services Market

10.4.2. India IoT in Banking and Financial Services Market

10.4.3. JapanIoT in Banking and Financial Services Market

10.4.4. Australia IoT in Banking and Financial Services Market

10.4.5. South Korea IoT in Banking and Financial Services Market

10.4.6. Rest of Asia PacificIoT in Banking and Financial Services Market

10.5. Latin America IoT in Banking and Financial Services Market Snapshot

10.5.1. Brazil IoT in Banking and Financial Services Market

10.5.2. Mexico IoT in Banking and Financial Services Market

10.6. Rest of The World IoT in Banking and Financial Services Market

Chapter 11. Competitive Intelligence

11.1. Top Market Strategies

11.2. Company Profiles

11.2.1. IBM

11.2.1.1. Key Information

11.2.1.2. Overview

11.2.1.3. Financial (Subject to Data Availability)

11.2.1.4. Product Summary

11.2.1.5. Recent Developments

11.2.2. Microsoft

11.2.3. Capgemini

11.2.4. Cisco

11.2.5. SAP

11.2.6. Oracle

11.2.7. Accenture

11.2.8. Infosys

11.2.9. Software AG

11.2.10. Vodafone

Chapter 12. Research Process

12.1. Research Process

12.1.1. Data Mining

12.1.2. Analysis

12.1.3. Market Estimation

12.1.4. Validation

12.1.5. Publishing

12.2. Research Attributes

12.3. Research Assumption

List of Tables

TABLE 1. Global IoT in Banking and Financial Services market, report scope

TABLE 2. Global IoT in Banking and Financial Services Market estimates & forecasts by Region 2018-2027 (USDBillion)

TABLE 3. Global IoT in Banking and Financial Services Market estimates & forecasts byComponents 2018-2027 (USDBillion)

TABLE 4. Global IoT in Banking and Financial Services Market estimates & forecasts by Solution2018-2027 (USDBillion)

TABLE 5. Global IoT in Banking and Financial Services Market estimates & forecasts by Services 2018-2027 (USDBillion)

TABLE 6. Global IoT in Banking and Financial Services Market estimates & forecasts by End-user2018-2027 (USDBillion)

TABLE 7. Global IoT in Banking and Financial Services Market estimates & forecasts by Organization size2018-2027 (USDBillion)

TABLE 8. Global IoT in Banking and Financial Services Market by segment, estimates & forecasts, 2018-2027 (USDBillion)

TABLE 9. Global IoT in Banking and Financial Services Market by region, estimates & forecasts, 2018-2027 (USDBillion)

TABLE 10. Global IoT in Banking and Financial Services Market by segment, estimates & forecasts, 2018-2027 (USDBillion)

TABLE 11. Global IoT in Banking and Financial Services Market by region, estimates & forecasts, 2018-2027 (USDBillion)

TABLE 12. Global IoT in Banking and Financial Services Market by segment, estimates & forecasts, 2018-2027 (USDBillion)

TABLE 13. Global IoT in Banking and Financial Services Market by region, estimates & forecasts, 2018-2027 (USDBillion)

TABLE 14. Global IoT in Banking and Financial Services Market by segment, estimates & forecasts, 2018-2027 (USDBillion)

TABLE 15. Global IoT in Banking and Financial Services Market by region, estimates & forecasts, 2018-2027 (USDBillion)

TABLE 16. Global IoT in Banking and Financial Services Market by segment, estimates & forecasts, 2018-2027 (USDBillion)

TABLE 17. Global IoT in Banking and Financial Services Market by region, estimates & forecasts, 2018-2027 (USDBillion)

TABLE 18. U.S. IoT in Banking and Financial Services Market estimates & forecasts, 2018-2027 (USDBillion)

TABLE 19. U.S. IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 20. U.S. IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 21. Canada IoT in Banking and Financial Services Market estimates & forecasts, 2018-2027 (USDBillion)

TABLE 22. Canada IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 23. Canada IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 24. UKIoT in Banking and Financial Services Market estimates & forecasts, 2018-2027 (USDBillion)

TABLE 25. UKIoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 26. UKIoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 27. Germany IoT in Banking and Financial Services Market estimates & forecasts, 2018-2027 (USDBillion)

TABLE 28. Germany IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 29. Germany IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 30. RoEIoT in Banking and Financial Services Market estimates & forecasts, 2018-2027 (USDBillion)

TABLE 31. RoEIoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 32. RoEIoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 33. China IoT in Banking and Financial Services Market estimates & forecasts, 2018-2027 (USDBillion)

TABLE 34. China IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 35. China IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 36. India IoT in Banking and Financial Services Market estimates & forecasts, 2018-2027 (USDBillion)

TABLE 37. India IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 38. India IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 39. Japan IoT in Banking and Financial Services Market estimates & forecasts, 2018-2027 (USDBillion)

TABLE 40. Japan IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 41. Japan IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 42. RoAPACIoT in Banking and Financial Services Market estimates & forecasts, 2018-2027 (USDBillion)

TABLE 43. RoAPACIoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 44. RoAPACIoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 45. Brazil IoT in Banking and Financial Services Market estimates & forecasts, 2018-2027 (USDBillion)

TABLE 46. Brazil IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 47. Brazil IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 48. Mexico IoT in Banking and Financial Services Market estimates & forecasts, 2018-2027 (USDBillion)

TABLE 49. Mexico IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 50. Mexico IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 51. RoLAIoT in Banking and Financial Services Market estimates & forecasts, 2018-2027 (USDBillion)

TABLE 52. RoLAIoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 53. RoLAIoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 54. Row IoT in Banking and Financial Services Market estimates & forecasts, 2018-2027 (USDBillion)

TABLE 55. Row IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 56. Row IoT in Banking and Financial Services Market estimates & forecasts by segment 2018-2027 (USDBillion)

TABLE 57. List of secondary sources, used in the study of global IoT in Banking and Financial Services market

TABLE 58. List of primary sources, used in the study of global IoT in Banking and Financial Services market

TABLE 59. Years considered for the study

TABLE 60. Exchange rates considered

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