IoT in BFSI Market Outlook, Upcoming Trends and Industry Projection - Dominating Players Profiled AT&T, Accenture, Cisco, Intel, EMC, IBM, Honeywell, Symantec, SAP, Qualcomm

IoT in BFSI refers to network of devices connected to the internet, including smartphone, tablets, PCs, and other items embedded with sensors, which enables these objects to collect and exchange data. BFSI industry implements IoT technology to track and analyze the behavior and demand of the customers and provide real-time analytics. The insurance companies use sensors to get information about product design defects, so that they can assess best price coverage and premium accurately in case of automobile casualty.

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The global IoT in BFSI market is expected to register substantial growth in the near future, attributed to an increased government expenditure on building digital infrastructure, increase in network connectivity, and availability of smartphone and tablets. Other factors that drive the IoT in BFSI market are rise in prevalence of online banking, mobile banking apps, e-wallets, and other modes of transaction. However, factors such as increase in online frauds, lack of awareness to IoT applications, and data privacy & security restrict the growth of the market.

The report segments the IoT in BFSI market on the basis of component, application, and geography. On the basis of component, the market is divided into hardware, software, and services. According to the application, it is classified into the product monitoring market, premises monitoring market, customer monitoring market, and others. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Comprehensive and Competitive Analysis of Leading Market Players

-AT&T Inc.
-Accenture
-Cisco Systems Inc.
-Intel Corporation
-EMC Corporation
-IBM Corporation
-Honeywell International
-Symantec Corporation
-SAP SE
-Qualcomm Inc.

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