Global IoT in Banking and Financial Services Market 2022-2026

Global IoT in Banking and Financial Services Market 2022-2026

Technavio has been monitoring the IoT in banking and financial services market and it is poised to grow by $ 7.63 mn during 2022-2026, progressing at a CAGR of 7.91% during the forecast period. Our report on the IoT in banking and financial services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the disintermediation of banking services and easy access to technology. In addition, the disintermediation of banking services is anticipated to boost the growth of the market as well.

The IoT in banking and financial services market analysis includes the component segment and geographic landscape.

Technavio's IoT in banking and financial services market is segmented as below:

By Component

• Solutions
• Services

By Geographical Landscape

• North America
• Europe
• APAC
• MEA
• South America

This study identifies the increasing adoption of Big data and artificial intelligenceas one of the prime reasons driving the IoT in banking and financial services market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on IoT in banking and financial services market covers the following areas:

• IoT in banking and financial services market sizing
• IoT in banking and financial services market forecast
• IoT in banking and financial services market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading IoT in banking and financial services market vendors that include Cisco Systems Inc., Huawei Investment and Holding Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, Schneider Electric SE, and Vodafone Group Plc. Also, the IoT in banking and financial services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Cisco Systems Inc., Huawei Investment and Holding Co. Ltd., Infosys Ltd., Intel Corp., International Business Machines Corp., Microsoft Corp., Oracle Corp., SAP SE, Schneider Electric SE, Vodafone Group Plc