IoT in Banking Market is Booming and Predicted to Hit $237.4 Bn by 2031, at 33.9% CAGR | GE Digital, IBM, Mastercard
IoT in Banking Market is Booming and Predicted to Hit $237.4 Bn by 2031, at 33.9% CAGR | GE Digital, IBM, Mastercard
NEW CASTLE, DE, UNITED STATES, November 28, 2024 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global internet of things (IoT) in banking market generated $12.7 billion in 2021, and is estimated to reach $237.4 billion by 2031, witnessing a CAGR of 33.9% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, competitive scenario, and regional landscape. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ & ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/13116
Covid-19 Scenario:
The pandemic had a positive impact on the growth of the market due to surge in adoption of work from home culture across the globe.
During the pandemic, the adoption of IoT in the finance sector increased due to lack of workforce and economical disruptions.
The lockdown regulations and movement restrictions in public places supplemented the market growth and encouraged customers to adopt new technologies.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/13116
The report offers detailed segmentation of the global internet of things (IoT) in banking market based on type, technology, end user, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps investors, market players, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on offering, the solution segment accounted for the highest share in 2021, contributing to more than two-thirds of the total share, and is expected to maintain its leadership status during the forecast period. However, the services segment is expected to manifest the highest CAGR of 35.9% from 2022 to 2030.
Based on deployment model, the on-premise segment held the largest share in 2021, accounting for nearly three-fifths of the market, and is expected to maintain its dominance in terms of revenue by 2031. However, the cloud segment is estimated to witness the largest CAGR of 35.1% during the forecast period.
On the basis of application, the smart ATMs segment dominated the market in 2021, accounting for more than one-third of the market. However, the customer management and support segment are projected to hold leading position by 2031. On the other hand, the security and authentication segment are estimated to showcase the highest CAGR of 36.3% during the forecast period.
Based on enterprise size, the large enterprise segment held the lionโs share in 2021, contributing to nearly three-fourths of the market, and is projected to continue its leading position throughout the forecast period. However, the SMEs segment is projected to showcase the highest CAGR of 36.9% during the forecast period.
Based on region, market across North America accounted for the highest share in 2021, contributing to nearly two-fifths of the total market share, and is projected to continue its leadership status by 2031. However, market across Asia-Pacific is projected to portray the fastest CAGR of 37.1% during the forecast period. The research also analyzes regions including Europe and LAMEA.
๐๐ ๐ฒ๐จ๐ฎ ๐ก๐๐ฏ๐ ๐๐ง๐ฒ ๐ฌ๐ฉ๐๐๐ข๐๐ฅ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ, ๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง@ https://www.alliedmarketresearch.com/request-for-customization/13116?reqfor=covid
Leading players of the global internet of things (IoT) in banking market analyzed in the research include Accenture, Capgemini, Cisco Systems, Inc, Dynamics, Inc, GE Digital, IBM, Infosys Limited, Mastercard, Microsoft Corporation, Oracle Corporation, PTC, SAP SE, Software AG, Stripe, Temenos, Tibbo Systems, and Vodafone Group Plc.
The report analyzes these key players in the global internet of things (IoT) in banking market. These players have adopted various strategies such as new product launches, expansion, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of every market player.
Key Benefits for Stakeholders
The study provides an in-depth analysis of the Internet of Things (IoT) in banking market forecast along with current & future trends to explain imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on Internet of Things (IoT) in banking market outlook is provided in the report.
Porterโs five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the Internet of Things (IoT) in Banking Market Opportunity from 2022 to 2031 is provided to determine the market potential.
Key Market Segments
Offering
Solution
Services
Deployment Model
On-premise
Cloud
Application
Smart ATMs
Customer Management and Support
Security and Authentication
Others
Enterprise Size
Large Enterprises
SMEs
By Region
North America (U.S., Canada)
Europe (United Kingdom, Germany, France, Italy, Spain, Netherlands, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Digital Business Card Market: https://www.prnewswire.com/news-releases/digital-business-card-market-to-reach-505-2-million-by-2032-at-12-6-cagr-301866643.html
POS Security Market: https://www.globenewswire.com/news-release/2023/01/17/2589953/0/en/Global-POS-Security-Market-Is-Expected-to-Generate-10-3-Billion-by-2031-Allied-Market-Research.html
Bank Kiosk Market: https://www.globenewswire.com/news-release/2022/07/07/2475544/0/en/Global-Bank-Kiosk-Market-to-Hit-2-2-Billion-by-2031-Allied-Market-Research.html
Insurance Fraud Detection Market: https://www.prnewswire.com/news-releases/insurance-fraud-detection-market-to-reach-28-1-bn-globally-by-2031-at-24-2-cagr-allied-market-research-301580103.html
Consumer Credit Market: https://www.prnewswire.com/news-releases/consumer-credit-market-to-reach-24-338-05-million-globally-by-2032-at-7-8-cagr-allied-market-research-302000076.html
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA.
Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060 Fax: +1-800-792-5285 help@alliedmarketresearch.com
https://pooja-bfsi.blogspot.com/
https://www.quora.com/profile/Pooja-BFSI
https://medium.com/@psaraf568
David Correa
Allied Market Research
+1 800-792-5285
email us here
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.