Global IoT in Banking and Financial Services Market Overview
According to SPER Market Research, the Global IoT in Banking and Financial Services Market is estimated to reach USD 90.36 billion by 2032 with a CAGR of 52.35%.
In the Internet of Things, physical objects (or groups of such objects) outfitted with sensors, processing power, software, and other technologies to connect and exchange data with other devices and systems via the Internet or other communication networks are referred to as "things" in (IoT). As a result of technological advancements, the internet of things (IoT) and its capabilities as a connected device for connecting banking services arose, increasing demand for its application and, as a result, driving market growth. Furthermore, the growing number of data breaches drives the need for such advancement. Furthermore, the market's positive outlook is bolstered by the consistency of growth in Information Technology and Operational Technology.
Impact of COVID-19 on the Global IoT in Banking and Financial Services Market
The COVID-19 pandemic has had an impact on every industry, including Aerospace & Defense, Agriculture, Food & Beverage, Automobile & Transportation, Chemical & Material, Consumer Goods, Retail & eCommerce, Energy & Power, Pharma & Healthcare, Packaging, Construction, Mining & Gases, Electronics & Semiconductor, Banking Financial Services & Insurance, ICT, and many others.
The global population has restricted themselves from leaving their homes and is increasingly confining themselves to their homes, which has an impact on the entire market, either negatively or positively.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Solution, By Service, By End-User, By Organization Size
|
| Regions covered | Asia-Pacific, Europe, Middle-East and Africa, Latin America, North America
|
| Companies Covered | Accenture, Capgemini, Cisco, IBM, Infosys, Microsoft, Oracle, Software AG, Vodafone
|
Global IoT in Banking and Financial Services Market Segmentation:
1. By Solution:
- Security
- Customer Experience Management
- Monitoring
- Data Management
2. By Service:
- Professional Services
- Integration and Deployment
- Support and Maintenance
- Business Consulting
- Managed Services
3. By End-User:
4. By Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global IoT in Banking and Financial Services Market (FY’2019-FY’2032)
- Overview of Global IoT in Banking and Financial Services Market
- Segmentation of Global IoT in Banking and Financial Services Market By Solution (Security, Customer Experience Management)
- Segmentation of Global IoT in Banking and Financial Service Market By Service (Professional Services, Managed Services)
- Segmentation of Global IoT in Banking and Financial Services Market By End-User (Banking, Insurance, Others)
- Segmentation of Global IoT in Banking and Financial Services Market By Organization Size (Small and Medium-sized Enterprises, Large Enterprises)
- Statistical Snap of Global IoT in Banking and Financial Services Market
- Growth Analysis of Global IoT in Banking and Financial Services Market
- Problems and Challenges in Global IoT in Banking and Financial Services Market
- Competitive Landscape in the Global IoT in Banking and Financial Services Market
- Impact of COVID-19 and Demonetization on Global IoT in Banking and Financial Services Market
- Details on Recent Investment in Global IoT in Banking and Financial Services Market
- Competitive Analysis of Global IoT in Banking and Financial Services Market
- Major Players in the Global IoT in Banking and Financial Services Market
- SWOT Analysis of Global IoT in Banking and Financial Services Market
- Global IoT in Banking and Financial Services Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the IoT in Banking and Financial Services Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 IoT in Banking and Financial Services Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in IoT in Banking and Financial Services Market
7. IoT in Banking and Financial Services Market, By Solution, 2019-2032 (USD Million)
7.1 Security
7.2 Customer Experience Management
7.3 Monitoring
7.4 Data Management
8. IoT in Banking and Financial Services Market, By Service, 2019-2032 (USD Million)
8.1 Professional Services
8.1.1 Integration and Deployment
8.1.2 Support and Maintenance
8.1.3 Business Consulting
8.2 Managed Services
9. IoT in Banking and Financial Services Market, By End-User, 2019-2032 (USD Million)
9.1 Banking
9.2 Insurance
9.3 Others
10. IoT in Banking and Financial Services Market, By Organization Size, 2019-2032 (USD Million)
10.1 Small and Medium-sized Enterprises
10.2 Large Enterprises
11. IoT in Banking and Financial Services Market, By Region, 2019-2032 (USD Million)
11.1 Global Automotive Alloys Market Size and Market Share by Region (2019-2025)
11.2 Global Automotive Alloys Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 Latin America
11.6.1 Argentina
11.6.2 Brazil
11.6.3 Rest of Latin America
11.7 North America
11.7.1 Canada
11.7.2 Mexico
11.7.3 United States
12. Company Profiles
12.1 Accenture
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Capgemini
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Cisco
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 IBM
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Infosys
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Microsoft
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Oracle
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Software AG
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Vodafone
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
