The global IoT in BFSI market is expected to grow from USD 249.4 million in 2020 to USD 2,030 million by 2027, at a CAGR of +52% during the forecast period.
In today’s connected world, IoT has emerged as the most ubiquitous and advanced technological innovation of the century. According to a report published by Cisco, there will be 50 billion connected devices by 2020. With this progression in digitally connected devices, industrial sectors such as manufacturing, telecom, IT, energy and utility, healthcare, logistics, BFSI, media and entertainment, aerospace and defense, and government are expected to witness an upsurge in digital services. Within the BFSI sector, IoT is expected to have an enormous impact on all aspects, right from banking and insurance to financial planning and health and fitness. IoT enables financial institutions to track customers’ activities, life events, and needs with the help of the data generated by sensors. Moreover, IoT enables financial organizations to deliver usage-based differentiated offerings, such as Usage-Based Insurance (UBI), and influence the financial decision-making of individuals.
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Key Strategic Manufacturers : Hewlett Packard Enterprise Development LP, IBM, Infosys Limited, Microsoft, Oracle, SAP SE, Software AG, Tata Consultancy Services Limited, Vodafone Group Services Limited
IT BFSI Market By Component
- Customer Experience Management
- Data Management
- Professional Services
- Integration and Deployment
- Support and Maintenance
- Business Consulting
- Managed Services
By Organization Size
- Small and Medium-sized Enterprises
- Large Enterprises
- North America
- Latin America
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Table of Contents
Global Iot in banking and financial services Market Research Report
Chapter 1 Iot in banking and financial services Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
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In the last section, the report provides information regarding the competitive landscape, along with a dashboard view of the market players and company analysis. This competitive intelligence is based on the providers’ categories across the value chain, and their presence in the Iot in banking and financial services Market.
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