Global Iot In Banking and Financial Services Market

Feb 2020| VMR1652A| Verified Market Research

Report Highlights

IoT in Banking and Financial Services Market

According to Verified Market Research, Global IoT in Banking and Financial Services Market was valued at USD 236.93 Million in 2018 and is projected to reach USD 6161.87 Million by 2026, growing at a CAGR of 50.02 % from 2019 to 2026.

Global IoT in Banking and Financial Services Market Outlook

The technological advancement led the emergence of the internet of things (IoT) and its capabilities as a connected device for connecting banking serves, increases the demand for its application and thereby, driving the growth of the market. In addition, the growing rate of data breaches tends to propel the need for such advancement. Furthermore, the uniformity in the growth of Information Technology and Operational Technology contributes to add a positive outlook on market growth. However, the issues related to the interoperability and interconnectivity, and privacy concerns responsible for hampering the growth of the market.

Global IoT in Banking and Financial Services Market Competitive Landscape

The Global IoT in Banking and Financial Services Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as SAP, IBM, Microsoft, Accenture, Cisco, Oracle, Capgemini, Infosys, Vodafone, and Software AG.

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