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Global IoT in Banking & Financial Service Market Research Report 2024
Synopsis
The Internet of things (IoT) is the extension of Internet connectivity into physical devices and everyday objects.
The global IoT in Banking & Financial Service market was valued at US$ 911.8 million in 2023 and is anticipated to reach US$ 6781.7 million by 2030, witnessing a CAGR of 30.4% during the forecast period 2024-2030.
According to our research, the number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
This report aims to provide a comprehensive presentation of the global market for IoT in Banking & Financial Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IoT in Banking & Financial Service.
Report Scope
The IoT in Banking & Financial Service market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global IoT in Banking & Financial Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the IoT in Banking & Financial Service companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Microsoft
IBM
Oracle
SAP
Cisco Systems
Accenture
Infosys
Vodafone Group
Software
Capgemini
Segment by Type
Hardware
Software
Service
Segment by Application
Banks
Insurance Companies
Mortgage Companies
Brokerage Firms
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of IoT in Banking & Financial Service companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
The Internet of things (IoT) is the extension of Internet connectivity into physical devices and everyday objects.
The global IoT in Banking & Financial Service market was valued at US$ 911.8 million in 2023 and is anticipated to reach US$ 6781.7 million by 2030, witnessing a CAGR of 30.4% during the forecast period 2024-2030.
According to our research, the number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
This report aims to provide a comprehensive presentation of the global market for IoT in Banking & Financial Service, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IoT in Banking & Financial Service.
Report Scope
The IoT in Banking & Financial Service market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global IoT in Banking & Financial Service market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the IoT in Banking & Financial Service companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Microsoft
IBM
Oracle
SAP
Cisco Systems
Accenture
Infosys
Vodafone Group
Software
Capgemini
Segment by Type
Hardware
Software
Service
Segment by Application
Banks
Insurance Companies
Mortgage Companies
Brokerage Firms
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of IoT in Banking & Financial Service companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global IoT in Banking & Financial Service Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Hardware
1.2.3 Software
1.2.4 Service
1.3 Market by Application
1.3.1 Global IoT in Banking & Financial Service Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Banks
1.3.3 Insurance Companies
1.3.4 Mortgage Companies
1.3.5 Brokerage Firms
1.3.6 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global IoT in Banking & Financial Service Market Perspective (2019-2030)
2.2 IoT in Banking & Financial Service Growth Trends by Region
2.2.1 Global IoT in Banking & Financial Service Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 IoT in Banking & Financial Service Historic Market Size by Region (2019-2024)
2.2.3 IoT in Banking & Financial Service Forecasted Market Size by Region (2025-2030)
2.3 IoT in Banking & Financial Service Market Dynamics
2.3.1 IoT in Banking & Financial Service Industry Trends
2.3.2 IoT in Banking & Financial Service Market Drivers
2.3.3 IoT in Banking & Financial Service Market Challenges
2.3.4 IoT in Banking & Financial Service Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top IoT in Banking & Financial Service Players by Revenue
3.1.1 Global Top IoT in Banking & Financial Service Players by Revenue (2019-2024)
3.1.2 Global IoT in Banking & Financial Service Revenue Market Share by Players (2019-2024)
3.2 Global IoT in Banking & Financial Service Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by IoT in Banking & Financial Service Revenue
3.4 Global IoT in Banking & Financial Service Market Concentration Ratio
3.4.1 Global IoT in Banking & Financial Service Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by IoT in Banking & Financial Service Revenue in 2023
3.5 IoT in Banking & Financial Service Key Players Head office and Area Served
3.6 Key Players IoT in Banking & Financial Service Product Solution and Service
3.7 Date of Enter into IoT in Banking & Financial Service Market
3.8 Mergers & Acquisitions, Expansion Plans
4 IoT in Banking & Financial Service Breakdown Data by Type
4.1 Global IoT in Banking & Financial Service Historic Market Size by Type (2019-2024)
4.2 Global IoT in Banking & Financial Service Forecasted Market Size by Type (2025-2030)
5 IoT in Banking & Financial Service Breakdown Data by Application
5.1 Global IoT in Banking & Financial Service Historic Market Size by Application (2019-2024)
5.2 Global IoT in Banking & Financial Service Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America IoT in Banking & Financial Service Market Size (2019-2030)
6.2 North America IoT in Banking & Financial Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America IoT in Banking & Financial Service Market Size by Country (2019-2024)
6.4 North America IoT in Banking & Financial Service Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe IoT in Banking & Financial Service Market Size (2019-2030)
7.2 Europe IoT in Banking & Financial Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe IoT in Banking & Financial Service Market Size by Country (2019-2024)
7.4 Europe IoT in Banking & Financial Service Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific IoT in Banking & Financial Service Market Size (2019-2030)
8.2 Asia-Pacific IoT in Banking & Financial Service Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific IoT in Banking & Financial Service Market Size by Region (2019-2024)
8.4 Asia-Pacific IoT in Banking & Financial Service Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America IoT in Banking & Financial Service Market Size (2019-2030)
9.2 Latin America IoT in Banking & Financial Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America IoT in Banking & Financial Service Market Size by Country (2019-2024)
9.4 Latin America IoT in Banking & Financial Service Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa IoT in Banking & Financial Service Market Size (2019-2030)
10.2 Middle East & Africa IoT in Banking & Financial Service Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa IoT in Banking & Financial Service Market Size by Country (2019-2024)
10.4 Middle East & Africa IoT in Banking & Financial Service Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Microsoft
11.1.1 Microsoft Company Detail
11.1.2 Microsoft Business Overview
11.1.3 Microsoft IoT in Banking & Financial Service Introduction
11.1.4 Microsoft Revenue in IoT in Banking & Financial Service Business (2019-2024)
11.1.5 Microsoft Recent Development
11.2 IBM
11.2.1 IBM Company Detail
11.2.2 IBM Business Overview
11.2.3 IBM IoT in Banking & Financial Service Introduction
11.2.4 IBM Revenue in IoT in Banking & Financial Service Business (2019-2024)
11.2.5 IBM Recent Development
11.3 Oracle
11.3.1 Oracle Company Detail
11.3.2 Oracle Business Overview
11.3.3 Oracle IoT in Banking & Financial Service Introduction
11.3.4 Oracle Revenue in IoT in Banking & Financial Service Business (2019-2024)
11.3.5 Oracle Recent Development
11.4 SAP
11.4.1 SAP Company Detail
11.4.2 SAP Business Overview
11.4.3 SAP IoT in Banking & Financial Service Introduction
11.4.4 SAP Revenue in IoT in Banking & Financial Service Business (2019-2024)
11.4.5 SAP Recent Development
11.5 Cisco Systems
11.5.1 Cisco Systems Company Detail
11.5.2 Cisco Systems Business Overview
11.5.3 Cisco Systems IoT in Banking & Financial Service Introduction
11.5.4 Cisco Systems Revenue in IoT in Banking & Financial Service Business (2019-2024)
11.5.5 Cisco Systems Recent Development
11.6 Accenture
11.6.1 Accenture Company Detail
11.6.2 Accenture Business Overview
11.6.3 Accenture IoT in Banking & Financial Service Introduction
11.6.4 Accenture Revenue in IoT in Banking & Financial Service Business (2019-2024)
11.6.5 Accenture Recent Development
11.7 Infosys
11.7.1 Infosys Company Detail
11.7.2 Infosys Business Overview
11.7.3 Infosys IoT in Banking & Financial Service Introduction
11.7.4 Infosys Revenue in IoT in Banking & Financial Service Business (2019-2024)
11.7.5 Infosys Recent Development
11.8 Vodafone Group
11.8.1 Vodafone Group Company Detail
11.8.2 Vodafone Group Business Overview
11.8.3 Vodafone Group IoT in Banking & Financial Service Introduction
11.8.4 Vodafone Group Revenue in IoT in Banking & Financial Service Business (2019-2024)
11.8.5 Vodafone Group Recent Development
11.9 Software
11.9.1 Software Company Detail
11.9.2 Software Business Overview
11.9.3 Software IoT in Banking & Financial Service Introduction
11.9.4 Software Revenue in IoT in Banking & Financial Service Business (2019-2024)
11.9.5 Software Recent Development
11.10 Capgemini
11.10.1 Capgemini Company Detail
11.10.2 Capgemini Business Overview
11.10.3 Capgemini IoT in Banking & Financial Service Introduction
11.10.4 Capgemini Revenue in IoT in Banking & Financial Service Business (2019-2024)
11.10.5 Capgemini Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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