IoT in Banking and Financial Services Market To Reach USD 5.76 Billion By 2026
Market Summary Our Approach Increasing urbanization, growing construction industry, demand for lightweight and low maintenance construction materials are key factors contributing to high CAGR of IoT in Banking and Financial Services during forecast period. Market Size – USD 243.7 Million in 2018, Market Growth - CAGR of 48.3%, Market Trends – The Global IoT in Banking and Financial Services Market is forecast to reach USD 5.76 Billion by 2026, according to a new report by Reports and Data. Internet of Things (IoT) is the interconnectivity of electronic devices, such as smartphones, over a single network. These devices transmit signals to the server and among each other. The technology captures data from all the available sources, which is further filtered, and analyzed to gain insights into various processes of a business. Because of its potential, IoT is gaining massive traction in the banking sector across the world. The banking sector is figuring out ways to leverage the potential of IoT to bring out better revenues from business activities. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiryform/2316
Market Summary Our Approach
Key players in IoT in Banking and Financial Services market include IBM Corporation, Microsoft Corporation, SAP SE, Oracle Corporation, Accenture, Cisco Systems, Inc., Vodafone Group plc, Infosys Limited, Software AG, and Capgemini SE, among others.
For the purpose of this report, Reports and Data has segmented the IoT in Banking and Financial Services market on the basis of type, application, and region: Application Outlook (Revenue, USD Million; 2016-2026) • • • • • •
Cyber Security Customer Relationship Management Proactive Services Transportation and Logistics Product Marketing and Planning Others
Market Summary Our Approach Software Outlook (Revenue, USD Million; 2016-2026) • • • • •
Security and Monitoring Customer Experience Management Payment Management Data Management Others
Go For Interesting Discount Here: Discount Link@ https://www.reportsanddata.com/discount-enquiry-form/2316 Regional Outlook (Revenue in USD Million; 2016–2026) • North America • Europe • Asia Pacific • Middle East & Africa • Latin America
Market Summary
Further key findings from the report suggest 1.
Among the software, security and monitoring accounted for the largest market share of ~28% in the year 2018. Banking security solutions combine banking security systems along with remote security monitoring and management services to enhance the banking operations and with more insights into the business. ATM security solutions include silent alarm notification, advanced anti-skimming technology, ATM lighting, video surveillance, and remote video monitoring, among others. Using the remote management tools, it is possible to receive remote alerts and perform live video surveillance on any electronic device, with video displays.
2.
Data management is forecasted to witness the highest growth rate of 49.6% during the forecast period. Banks today generate and store enormous amounts of valuable information within their firewalls. The use of data improves decision making across multiple banking activities. Banks find information faster about risks and frauds. Banks also have insights into the storage and management of data to meet regulatory requirements so that data can be retained, leveraged, archived, or deleted to comply‌Continued
Market Summary Our Approach Reasons for Buying IoT in Banking and Financial Services Market Report: A. The report performs an analysis of the dynamic competitive landscape that can help the reader/client move ahead in the global sector. B. It also presents an in-depth view of the different factors driving or restraining the growth of the global market. C. The Global IoT in Banking and Financial Services Market report provides an eight-year forecast derived on the basis of the potential growth of the market. D. It helps formulate profitable business decisions by offering thorough insights into the global market and by creating a comprehensive analysis of pivotal market segments and sub-segments. To identify the key trends in the industry, click on the link below@ https://www.reportsanddata.com/report-detail/iot-in-banking-and-financial-services-market
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