IoT in BFSI Market: Emerging Industry Trends and Global Future Forecasts

The global IoT in BFSI market is expected to register substantial growth in the near future, attributed to increased government expenditure on building digital infrastructure, increase in network connectivity, and availability of smartphones and tablets.

Other factors that drive the IoT in BFSI market are rise in the prevalence of online banking, mobile banking apps, e-wallets, and other modes of transaction.

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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.

Comprehensive competitive analysis and profiles of major market players such as AT&T Inc., Cisco Systems, Inc., Intel Corporation, EMC Corporation, IBM Corporation, Honeywell International, Inc., Symantec Corporation, SAP SE, and Qualcomm, Inc. is also provided in this report.

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Key Benefits:

• This report provides an extensive analysis of the current and emerging market trends and dynamics in the global IoT in BFSI market.

• In-depth analysis is conducted by constructing market estimations for the key market segments between 2016 and 2023.

• This study evaluating competitive landscape and value chain is taken into account to help understand the competitive environment across the geographies.

• This report entails the detailed quantitative analysis of the current market and estimations through 2016-2023, which assists in identifying the prevailing market opportunities.

• Comprehensive analysis of factors that drive and restrict the growth of the global IoT in BFSI market is provided.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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