IoT in Banking and Financial Services Market by Solution (Security, Monitoring, Customer Experience Management), Service, End-User (Banking, Insurance, and Investment and Wealth Management), Organization Size, and Region - Global Forecast to 2023
“The IoT in Banking and Financial Services market is projected to grow at a Compound Annual Growth Rate (CAGR) of 52.1% during the forecast period”
The global IoT in Banking and Financial Services market size is expected to grow from USD 249.4 million in 2018 to USD 2,030.1 million by 2023, at a CAGR of 52.1% during the forecast period. The convergence of operational and information technology and increasing use of IoT devices in product, application, and premises monitoring for connected banking are some of the factors driving the IoT in Banking and Financial Services market. Increasing global investments in IoT and focus on services with real-time data flow are the main growth opportunities in the IoT in Banking and Financial Services market. However, data protection and privacy concerns, and lack of standards for interconnectivity and interoperability are anticipated to be the major restraining factor for the growth of the market.
“The monitoring segment is expected to grow at the highest CAGR during the forecast period”
Monitoring is a cloud-based end-to-end monitoring solution that operates multiple machines from remote locations. This solution provides a broad implementation of the business scenario. It has various application areas, such as smart parking, healthcare, fleet management, supply chain management, and manufacturing. The monitoring solution provides cost-effective maintenance, improves customer service, and creates new business opportunities. For instance, a financial institution could use the monitoring solution to track ATMs, customer assets, and premises. Moreover, the monitoring solution can be easily deployed over SCADA systems using GPRS and CDMA cellular networks. Post the cost reduction in cellular data, the deployment of the monitoring solution has become even easier and cost-effective, and helps improve business operations.
“Asia Pacific is expected to grow at the highest rate, followed by Europe, during the forecast period”
APAC is expected to grow at the highest rate in the global IoT in Banking and Financial Services market during the forecast period, owing to dynamic adoption of new technologies and aggressive initiatives to upsurge the IoT ecosystem for the adoption of cutting-edge technologies.
Europe is expected to record the second highest growth rate in the global IoT in Banking and Financial Services market. The region comprises major growing economies, such as the UK and Germany, which offer growth opportunities for vendors in the IoT in Banking and Financial Services market. The increasing requirement for agile, connected, and cashless payments, and the overall speed and responsiveness of connected financial solutions are expected to be the most important driving factors for the growth of the European IoT in Banking and Financial Services market.
In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants is as follows:
Research Coverage
The report includes an in-depth competitive analysis of the key players in the IoT in Banking and Financial Services market along with their company profiles, recent developments, and key market strategies. The report segments the IoT in Banking and Financial Services market by component (solutions and services), end user, organization size, and region.
Reasons to buy the Report:
The IoT in Banking and Financial Services market has been segmented on the basis of component (solutions and services), end user, organization size, and region.
The report will help the market leaders/new entrants in the IoT in Banking and Financial Services market in the following ways:
1. The IoT in Banking and Financial Services market revenue stream has been estimated based on the revenues generated by vendors (excluding hardware), offering IoT solutions and associated services, including network integration and deployment, support and maintenance, and business consulting, offered by service providers, including Managed Service Providers (MSPs). The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split into end user, organization size, and regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. The report will help the stakeholders understand their competitors and gain more insights to better their market position. The competitive landscape section includes the competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.
The global IoT in Banking and Financial Services market size is expected to grow from USD 249.4 million in 2018 to USD 2,030.1 million by 2023, at a CAGR of 52.1% during the forecast period. The convergence of operational and information technology and increasing use of IoT devices in product, application, and premises monitoring for connected banking are some of the factors driving the IoT in Banking and Financial Services market. Increasing global investments in IoT and focus on services with real-time data flow are the main growth opportunities in the IoT in Banking and Financial Services market. However, data protection and privacy concerns, and lack of standards for interconnectivity and interoperability are anticipated to be the major restraining factor for the growth of the market.
“The monitoring segment is expected to grow at the highest CAGR during the forecast period”
Monitoring is a cloud-based end-to-end monitoring solution that operates multiple machines from remote locations. This solution provides a broad implementation of the business scenario. It has various application areas, such as smart parking, healthcare, fleet management, supply chain management, and manufacturing. The monitoring solution provides cost-effective maintenance, improves customer service, and creates new business opportunities. For instance, a financial institution could use the monitoring solution to track ATMs, customer assets, and premises. Moreover, the monitoring solution can be easily deployed over SCADA systems using GPRS and CDMA cellular networks. Post the cost reduction in cellular data, the deployment of the monitoring solution has become even easier and cost-effective, and helps improve business operations.
“Asia Pacific is expected to grow at the highest rate, followed by Europe, during the forecast period”
APAC is expected to grow at the highest rate in the global IoT in Banking and Financial Services market during the forecast period, owing to dynamic adoption of new technologies and aggressive initiatives to upsurge the IoT ecosystem for the adoption of cutting-edge technologies.
Europe is expected to record the second highest growth rate in the global IoT in Banking and Financial Services market. The region comprises major growing economies, such as the UK and Germany, which offer growth opportunities for vendors in the IoT in Banking and Financial Services market. The increasing requirement for agile, connected, and cashless payments, and the overall speed and responsiveness of connected financial solutions are expected to be the most important driving factors for the growth of the European IoT in Banking and Financial Services market.
In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants is as follows:
- By Company: Tier 1 – 30 %, Tier 2 – 40%, and Tier 3 – 30%
- By Designation: C-Level – 72%, Director Level – 14%, and Others – 14%
- By Region: North America – 57%, Europe – 14%, and APAC – 29%
Research Coverage
The report includes an in-depth competitive analysis of the key players in the IoT in Banking and Financial Services market along with their company profiles, recent developments, and key market strategies. The report segments the IoT in Banking and Financial Services market by component (solutions and services), end user, organization size, and region.
Reasons to buy the Report:
The IoT in Banking and Financial Services market has been segmented on the basis of component (solutions and services), end user, organization size, and region.
The report will help the market leaders/new entrants in the IoT in Banking and Financial Services market in the following ways:
1. The IoT in Banking and Financial Services market revenue stream has been estimated based on the revenues generated by vendors (excluding hardware), offering IoT solutions and associated services, including network integration and deployment, support and maintenance, and business consulting, offered by service providers, including Managed Service Providers (MSPs). The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are further split into end user, organization size, and regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. The report will help the stakeholders understand their competitors and gain more insights to better their market position. The competitive landscape section includes the competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
2.1.2.2 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.3 RESEARCH ASSUMPTIONS
2.4 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE IOT IN BFSI MARKET
4.2 IOT IN BFSI MARKET: TOP 3 SERVICES AND REGIONS
4.3 IOT IN BFSI MARKET, BY COMPONENT, 2018–2023
4.4 IOT IN BFSI MARKET, BY ORGANIZATION SIZE, 2018 VS. 2023
4.5 IOT IN BFSI MARKET, BY REGION, 2018–2023
4.6 MARKET INVESTMENT SCENARIO
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing use of IoT devices for connected banking
5.2.1.2 Convergence of operational technology and information technology
5.2.2 RESTRAINTS
5.2.2.1 Data protection and privacy concerns
5.2.2.2 Lack of standards for interconnectivity and interoperability
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing global investments in IoT
5.2.3.2 Increasing focus on services with real-time data flow
5.2.4 CHALLENGES
5.2.4.1 Legacy systems and processes
5.2.4.2 Data migration challenges
6 IOT IN BFSI MARKET, BY COMPONENT
6.1 INTRODUCTION
6.2 SOLUTIONS
6.3 SERVICES
7 IOT IN BFSI MARKET, BY SOLUTION
7.1 INTRODUCTION
7.2 SECURITY
7.3 CUSTOMER EXPERIENCE MANAGEMENT
7.4 MONITORING
7.5 DATA MANAGEMENT
7.6 OTHERS
8 IOT IN BFSI MARKET, BY SERVICE
8.1 INTRODUCTION
8.2 PROFESSIONAL SERVICES
8.2.1 INTEGRATION AND DEPLOYMENT
8.2.2 SUPPORT AND MAINTENANCE
8.2.3 BUSINESS CONSULTING
8.3 MANAGED SERVICES
9 IOT IN BFSI MARKET, BY END-USER
9.1 INTRODUCTION
9.2 BANKING
9.3 INSURANCE
9.4 OTHERS
10 IOT IN BFSI MARKET, BY ORGANIZATION SIZE
10.1 INTRODUCTION
10.2 LARGE ENTERPRISES
10.3 SMALL AND MEDIUM-SIZED ENTERPRISES
11 IOT IN BFSI MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.3 EUROPE
11.4 ASIA PACIFIC
11.5 MIDDLE EAST AND AFRICA
11.6 LATIN AMERICA
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 MARKET RANKING
12.3 COMPETITIVE SCENARIO
12.3.1 NEW PRODUCT LAUNCHES AND PRODUCT UPGRADATIONS
12.3.2 PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS
12.3.3 MERGERS AND ACQUISITIONS
13 COMPANY PROFILES
(Business Overview, Products and Solutions Offered, Recent Developments, SWOT Analysis and MNM View)*
13.1 IBM
13.2 MICROSOFT
13.3 CAPGEMINI
13.4 CISCO
13.5 SAP
13.6 ACCENTURE
13.7 ORACLE
13.8 INFOSYS
13.9 SOFTWARE AG
13.10 VODAFONE
13.11 KEY INNOVATORS
13.11.1 MULESOFT
13.11.2 CARRIOTS
13.11.3 EWAVE MOBILE
13.11.4 ALLERIN TECHNOLOGIES
13.11.5 TIBBO SYSTEMS
13.11.6 MINDBOWSER
13.11.7 SUNTEC
13.11.8 RANOSYS TECHNOLOGIES
13.11.9 ZERONE CONSULTING
13.11.10 PARAGYTE TECHNOLOGIES
13.11.11 HITACHI VANTARA
13.11.12 CONCIRRUS
13.11.13 GIZMOSUPPORT
13.11.14 CABOT TECHNOLOGY
13.11.15 COLAN INFOTECH
*Details on Business Overview, Products and Solutions Offered, Recent Developments, SWOT Analysis and MNM View might not be captured in case of unlisted companies.
14 APPENDIX
14.1 INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
14.5 AVAILABLE CUSTOMIZATIONS
14.6 RELATED REPORTS
14.7 AUTHOR DETAILS
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
2.1.2.2 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.3 RESEARCH ASSUMPTIONS
2.4 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE IOT IN BFSI MARKET
4.2 IOT IN BFSI MARKET: TOP 3 SERVICES AND REGIONS
4.3 IOT IN BFSI MARKET, BY COMPONENT, 2018–2023
4.4 IOT IN BFSI MARKET, BY ORGANIZATION SIZE, 2018 VS. 2023
4.5 IOT IN BFSI MARKET, BY REGION, 2018–2023
4.6 MARKET INVESTMENT SCENARIO
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing use of IoT devices for connected banking
5.2.1.2 Convergence of operational technology and information technology
5.2.2 RESTRAINTS
5.2.2.1 Data protection and privacy concerns
5.2.2.2 Lack of standards for interconnectivity and interoperability
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing global investments in IoT
5.2.3.2 Increasing focus on services with real-time data flow
5.2.4 CHALLENGES
5.2.4.1 Legacy systems and processes
5.2.4.2 Data migration challenges
6 IOT IN BFSI MARKET, BY COMPONENT
6.1 INTRODUCTION
6.2 SOLUTIONS
6.3 SERVICES
7 IOT IN BFSI MARKET, BY SOLUTION
7.1 INTRODUCTION
7.2 SECURITY
7.3 CUSTOMER EXPERIENCE MANAGEMENT
7.4 MONITORING
7.5 DATA MANAGEMENT
7.6 OTHERS
8 IOT IN BFSI MARKET, BY SERVICE
8.1 INTRODUCTION
8.2 PROFESSIONAL SERVICES
8.2.1 INTEGRATION AND DEPLOYMENT
8.2.2 SUPPORT AND MAINTENANCE
8.2.3 BUSINESS CONSULTING
8.3 MANAGED SERVICES
9 IOT IN BFSI MARKET, BY END-USER
9.1 INTRODUCTION
9.2 BANKING
9.3 INSURANCE
9.4 OTHERS
10 IOT IN BFSI MARKET, BY ORGANIZATION SIZE
10.1 INTRODUCTION
10.2 LARGE ENTERPRISES
10.3 SMALL AND MEDIUM-SIZED ENTERPRISES
11 IOT IN BFSI MARKET, BY REGION
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.3 EUROPE
11.4 ASIA PACIFIC
11.5 MIDDLE EAST AND AFRICA
11.6 LATIN AMERICA
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 MARKET RANKING
12.3 COMPETITIVE SCENARIO
12.3.1 NEW PRODUCT LAUNCHES AND PRODUCT UPGRADATIONS
12.3.2 PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS
12.3.3 MERGERS AND ACQUISITIONS
13 COMPANY PROFILES
(Business Overview, Products and Solutions Offered, Recent Developments, SWOT Analysis and MNM View)*
13.1 IBM
13.2 MICROSOFT
13.3 CAPGEMINI
13.4 CISCO
13.5 SAP
13.6 ACCENTURE
13.7 ORACLE
13.8 INFOSYS
13.9 SOFTWARE AG
13.10 VODAFONE
13.11 KEY INNOVATORS
13.11.1 MULESOFT
13.11.2 CARRIOTS
13.11.3 EWAVE MOBILE
13.11.4 ALLERIN TECHNOLOGIES
13.11.5 TIBBO SYSTEMS
13.11.6 MINDBOWSER
13.11.7 SUNTEC
13.11.8 RANOSYS TECHNOLOGIES
13.11.9 ZERONE CONSULTING
13.11.10 PARAGYTE TECHNOLOGIES
13.11.11 HITACHI VANTARA
13.11.12 CONCIRRUS
13.11.13 GIZMOSUPPORT
13.11.14 CABOT TECHNOLOGY
13.11.15 COLAN INFOTECH
*Details on Business Overview, Products and Solutions Offered, Recent Developments, SWOT Analysis and MNM View might not be captured in case of unlisted companies.
14 APPENDIX
14.1 INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
14.5 AVAILABLE CUSTOMIZATIONS
14.6 RELATED REPORTS
14.7 AUTHOR DETAILS
LIST OF TABLES
Table 1 IOT IN BFSI MARKET SIZE AND GROWTH RATE, 2016–2023 (USD MILLION, Y-O-Y %)
Table 2 IOT IN BFSI MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
Table 3 SOLUTIONS: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 4 SERVICES: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 5 IOT IN BFSI MARKET SIZE, BY SOLUTION, 2016–2023 (USD MILLION)
Table 6 SECURITY: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 7 CUSTOMER EXPERIENCE MANAGEMENT: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 8 MONITORING: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 9 DATA MANAGEMENT: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 10 OTHERS: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 11 IOT IN BFSI MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
Table 12 PROFESSIONAL SERVICES: IOT IN BFSI MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
Table 13 INTEGRATION AND DEPLOYMENT: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 14 SUPPORT AND MAINTENANCE: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 15 BUSINESS CONSULTING: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 16 MANAGED SERVICES: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 17 IOT IN BFSI MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
Table 18 BANKING: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 19 INSURANCE: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 20 OTHERS: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 21 IOT IN BFSI MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 22 LARGE ENTERPRISES: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 23 SMALL AND MEDIUM-SIZED ENTERPRISES: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 24 IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 25 NORTH AMERICA: IOT IN BFSI MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
Table 26 NORTH AMERICA: IOT IN BFSI MARKET SIZE, BY SOLUTION, 2016–2023 (USD MILLION)
Table 27 NORTH AMERICA: IOT IN BFSI MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
Table 28 NORTH AMERICA: IOT IN BFSI MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD MILLION)
Table 29 NORTH AMERICA: IOT IN BFSI MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
Table 30 NORTH AMERICA: IOT IN BFSI MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 31 NORTH AMERICA: IOT IN BFSI MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 32 UNITED STATES: IOT IN BFSI MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
Table 33 EUROPE: IOT IN BFSI MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
Table 34 EUROPE: IOT IN BFSI MARKET SIZE, BY SOLUTION, 2016–2023 (USD MILLION)
Table 35 EUROPE: IOT IN BFSI MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
Table 36 EUROPE: IOT IN BFSI MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD MILLION)
Table 37 EUROPE: IOT IN BFSI MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
Table 38 EUROPE: IOT IN BFSI MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 39 EUROPE: IOT IN BFSI MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 40 ASIA PACIFIC: IOT IN BFSI MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
Table 41 ASIA PACIFIC: IOT IN BFSI MARKET SIZE, BY SOLUTION, 2016–2023 (USD THOUSAND)
Table 42 ASIA PACIFIC: IOT IN BFSI MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
Table 43 ASIA PACIFIC: IOT IN BFSI MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD MILLION)
Table 44 ASIA PACIFIC: IOT IN BFSI MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
Table 45 ASIA PACIFIC: IOT IN BFSI MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 46 ASIA PACIFIC: IOT IN BFSI MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 47 MIDDLE EAST AND AFRICA: IOT IN BFSI MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
Table 48 MIDDLE EAST AND AFRICA: IOT IN BFSI MARKET SIZE, BY SOLUTION, 2016–2023 (USD THOUSAND)
Table 49 MIDDLE EAST AND AFRICA: IOT IN BFSI MARKET SIZE, BY SERVICE, 2016–2023 (USD THOUSAND)
Table 50 MIDDLE EAST AND AFRICA: IOT IN BFSI MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD THOUSAND)
Table 51 MIDDLE EAST AND AFRICA: IOT IN BFSI MARKET SIZE, BY END-USER, 2016–2023 (USD THOUSAND)
Table 52 MIDDLE EAST AND AFRICA: IOT IN BFSI MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 53 MIDDLE EAST AND AFRICA: IOT IN BFSI MARKET SIZE, BY COUNTRY, 2016–2023 (USD THOUSAND)
Table 54 LATIN AMERICA: IOT IN BFSI MARKET SIZE, BY COMPONENT, 2016–2023 (USD THOUSAND)
Table 55 LATIN AMERICA: IOT IN BFSI MARKET SIZE, BY SOLUTION, 2016–2023 (USD THOUSAND)
Table 56 LATIN AMERICA: IOT IN BFSI MARKET SIZE, BY SERVICE, 2016–2023 (USD THOUSAND)
Table 57 LATIN AMERICA: IOT IN BFSI MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD THOUSAND)
Table 58 LATIN AMERICA: IOT IN BFSI MARKET SIZE, BY END-USER, 2016–2023 (USD THOUSAND)
Table 59 LATIN AMERICA: IOT IN BFSI MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD THOUSAND)
Table 60 LATIN AMERICA: IOT IN BFSI MARKET SIZE, BY COUNTRY, 2016–2023 (USD THOUSAND)
Table 61 MARKET RANKING FOR THE IOT IN BFSI MARKET, 2018
Table 62 NEW PRODUCT LAUNCHES AND PRODUCT UPGRADATIONS, 2016–2018
Table 63 PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS, 2014–2018
Table 64 MERGERS AND ACQUISITIONS, 2016–2018
Table 1 IOT IN BFSI MARKET SIZE AND GROWTH RATE, 2016–2023 (USD MILLION, Y-O-Y %)
Table 2 IOT IN BFSI MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
Table 3 SOLUTIONS: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 4 SERVICES: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 5 IOT IN BFSI MARKET SIZE, BY SOLUTION, 2016–2023 (USD MILLION)
Table 6 SECURITY: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 7 CUSTOMER EXPERIENCE MANAGEMENT: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 8 MONITORING: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 9 DATA MANAGEMENT: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 10 OTHERS: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 11 IOT IN BFSI MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
Table 12 PROFESSIONAL SERVICES: IOT IN BFSI MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
Table 13 INTEGRATION AND DEPLOYMENT: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 14 SUPPORT AND MAINTENANCE: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 15 BUSINESS CONSULTING: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 16 MANAGED SERVICES: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 17 IOT IN BFSI MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
Table 18 BANKING: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 19 INSURANCE: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 20 OTHERS: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 21 IOT IN BFSI MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 22 LARGE ENTERPRISES: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 23 SMALL AND MEDIUM-SIZED ENTERPRISES: IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD THOUSAND)
Table 24 IOT IN BFSI MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 25 NORTH AMERICA: IOT IN BFSI MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
Table 26 NORTH AMERICA: IOT IN BFSI MARKET SIZE, BY SOLUTION, 2016–2023 (USD MILLION)
Table 27 NORTH AMERICA: IOT IN BFSI MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
Table 28 NORTH AMERICA: IOT IN BFSI MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD MILLION)
Table 29 NORTH AMERICA: IOT IN BFSI MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
Table 30 NORTH AMERICA: IOT IN BFSI MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 31 NORTH AMERICA: IOT IN BFSI MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 32 UNITED STATES: IOT IN BFSI MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
Table 33 EUROPE: IOT IN BFSI MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
Table 34 EUROPE: IOT IN BFSI MARKET SIZE, BY SOLUTION, 2016–2023 (USD MILLION)
Table 35 EUROPE: IOT IN BFSI MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
Table 36 EUROPE: IOT IN BFSI MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD MILLION)
Table 37 EUROPE: IOT IN BFSI MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
Table 38 EUROPE: IOT IN BFSI MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 39 EUROPE: IOT IN BFSI MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 40 ASIA PACIFIC: IOT IN BFSI MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
Table 41 ASIA PACIFIC: IOT IN BFSI MARKET SIZE, BY SOLUTION, 2016–2023 (USD THOUSAND)
Table 42 ASIA PACIFIC: IOT IN BFSI MARKET SIZE, BY SERVICE, 2016–2023 (USD MILLION)
Table 43 ASIA PACIFIC: IOT IN BFSI MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD MILLION)
Table 44 ASIA PACIFIC: IOT IN BFSI MARKET SIZE, BY END-USER, 2016–2023 (USD MILLION)
Table 45 ASIA PACIFIC: IOT IN BFSI MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 46 ASIA PACIFIC: IOT IN BFSI MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 47 MIDDLE EAST AND AFRICA: IOT IN BFSI MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
Table 48 MIDDLE EAST AND AFRICA: IOT IN BFSI MARKET SIZE, BY SOLUTION, 2016–2023 (USD THOUSAND)
Table 49 MIDDLE EAST AND AFRICA: IOT IN BFSI MARKET SIZE, BY SERVICE, 2016–2023 (USD THOUSAND)
Table 50 MIDDLE EAST AND AFRICA: IOT IN BFSI MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD THOUSAND)
Table 51 MIDDLE EAST AND AFRICA: IOT IN BFSI MARKET SIZE, BY END-USER, 2016–2023 (USD THOUSAND)
Table 52 MIDDLE EAST AND AFRICA: IOT IN BFSI MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD MILLION)
Table 53 MIDDLE EAST AND AFRICA: IOT IN BFSI MARKET SIZE, BY COUNTRY, 2016–2023 (USD THOUSAND)
Table 54 LATIN AMERICA: IOT IN BFSI MARKET SIZE, BY COMPONENT, 2016–2023 (USD THOUSAND)
Table 55 LATIN AMERICA: IOT IN BFSI MARKET SIZE, BY SOLUTION, 2016–2023 (USD THOUSAND)
Table 56 LATIN AMERICA: IOT IN BFSI MARKET SIZE, BY SERVICE, 2016–2023 (USD THOUSAND)
Table 57 LATIN AMERICA: IOT IN BFSI MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2023 (USD THOUSAND)
Table 58 LATIN AMERICA: IOT IN BFSI MARKET SIZE, BY END-USER, 2016–2023 (USD THOUSAND)
Table 59 LATIN AMERICA: IOT IN BFSI MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD THOUSAND)
Table 60 LATIN AMERICA: IOT IN BFSI MARKET SIZE, BY COUNTRY, 2016–2023 (USD THOUSAND)
Table 61 MARKET RANKING FOR THE IOT IN BFSI MARKET, 2018
Table 62 NEW PRODUCT LAUNCHES AND PRODUCT UPGRADATIONS, 2016–2018
Table 63 PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS, 2014–2018
Table 64 MERGERS AND ACQUISITIONS, 2016–2018
LIST OF FIGURES
Figure 1 IOT IN BFSI MARKET: MARKET SEGMENTATION
Figure 2 IOT IN BFSI MARKET: RESEARCH DESIGN
Figure 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY, DESIGNATION, AND REGION
Figure 4 DATA TRIANGULATION
Figure 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
Figure 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
Figure 7 IOT IN BFSI MARKET: ASSUMPTIONS
Figure 8 IOT IN BFSI MARKET, BY REGION, 2018–2023
Figure 9 IOT IN BFSI MARKET, TOP 4 SEGMENTS, 2018
Figure 10 INCREASING USE OF IOT DEVICES FOR CONNECTED BANKING, AND THE CONVERGENCE OF OPERATIONAL TECHNOLOGY AND INFORMATION TECHNOLOGY ARE EXPECTED TO DRIVE THE IOT IN BFSI MARKET GROWTH
Figure 11 INTEGRATION AND DEPLOYMENT SERVICES SEGMENT, AND ASIA PACIFIC ARE ESTIMATED TO HAVE THE LARGEST MARKET SHARES IN 2018
Figure 12 SERVICES SEGMENT IS EXPECTED TO HOLD THE LARGER MARKET SIZE DURING THE FORECAST PERIOD
Figure 13 LARGE ENTERPRISES SEGMENT IS EXPECTED TO HOLD THE LARGER MARKET SHARE DURING THE FORECAST PERIOD
Figure 14 ASIA PACIFIC IS EXPECTED TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 15 ASIA PACIFIC IS EXPECTED TO EMERGE AS THE BEST MARKET FOR INVESTMENTS IN THE NEXT 5 YEARS
Figure 16 IOT IN BFSI MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
Figure 17 SERVICES SEGMENT IS EXPECTED TO HAVE THE LARGER MARKET SIZE DURING THE FORECAST PERIOD
Figure 18 EUROPE IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 19 ASIA PACIFIC IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 20 MONITORING SEGMENT IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 21 EUROPE IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 22 EUROPE IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 23 PROFESSIONAL SERVICES SEGMENT IS EXPECTED TO HAVE THE LARGER MARKET SIZE DURING THE FORECAST PERIOD
Figure 24 INTEGRATION AND DEPLOYMENT SEGMENT IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 25 EUROPE IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 26 INSURANCE SEGMENT IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 27 EUROPE IS EXPECTED TO HAVE THE SECOND HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 28 ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 29 EUROPE IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 30 LARG ENTERPRISES SEGMENT IS EXPECTED TO HAVE THE LARGER MARKET SIZE DURING THE FORECAST PERIOD
Figure 31 ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 32 ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 33 ASIA PACIFIC IS EXPECTED TO BE AN ATTRACTIVE DESTINATION FOR INVESTMENTS
Figure 34 NORTH AMERICA: MARKET SNAPSHOT
Figure 35 SOLUTIONS SEGMENT IS EXPECTED TO DOMINATE THE IOT IN BFSI MARKET IN NORTH AMERICA DURING THE FORECAST PERIOD
Figure 36 SERVICES SEGMENT IS EXPECTED TO DOMINATE THE IOT IN BFSI MARKET IN EUROPE DURING THE FORECAST PERIOD
Figure 37 ASIA PACIFIC: MARKET SNAPSHOT
Figure 38 SERVICES SEGMENT IS EXPECTED TO DOMINATE THE IOT IN BFSI MARKET IN ASIA PACIFIC DURING THE FORECAST PERIOD
Figure 39 SOLUTIONS SEGMENT IS EXPECTED TO DOMINATE THE IOT IN BFSI MARKET IN MIDDLE EAST AND AFRICA DURING THE FORECAST PERIOD
Figure 40 SOLUTIONS SEGMENT IS EXPECTED TO DOMINATE THE IOT IN BFSI MARKET IN LATIN AMERICA DURING THE FORECAST PERIOD
Figure 41 KEY DEVELOPMENTS BY THE LEADING PLAYERS IN THE IOT IN BFSI MARKET DURING 2015–2018
Figure 42 IBM: COMPANY SNAPSHOT
Figure 43 MICROSOFT: COMPANY SNAPSHOT
Figure 44 CAPGEMINI: COMPANY SNAPSHOT
Figure 45 CISCO: COMPANY SNAPSHOT
Figure 46 SAP: COMPANY SNAPSHOT
Figure 47 ACCENTURE: COMPANY SNAPSHOT
Figure 48 ORACLE: COMPANY SNAPSHOT
Figure 49 INFOSYS: COMPANY SNAPSHOT
Figure 50 SOFTWARE AG: COMPANY SNAPSHOT
Figure 51 VODAFONE: COMPANY SNAPSHOT
Figure 52 MULESOFT: COMPANY SNAPSHOT
Figure 1 IOT IN BFSI MARKET: MARKET SEGMENTATION
Figure 2 IOT IN BFSI MARKET: RESEARCH DESIGN
Figure 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY, DESIGNATION, AND REGION
Figure 4 DATA TRIANGULATION
Figure 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
Figure 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
Figure 7 IOT IN BFSI MARKET: ASSUMPTIONS
Figure 8 IOT IN BFSI MARKET, BY REGION, 2018–2023
Figure 9 IOT IN BFSI MARKET, TOP 4 SEGMENTS, 2018
Figure 10 INCREASING USE OF IOT DEVICES FOR CONNECTED BANKING, AND THE CONVERGENCE OF OPERATIONAL TECHNOLOGY AND INFORMATION TECHNOLOGY ARE EXPECTED TO DRIVE THE IOT IN BFSI MARKET GROWTH
Figure 11 INTEGRATION AND DEPLOYMENT SERVICES SEGMENT, AND ASIA PACIFIC ARE ESTIMATED TO HAVE THE LARGEST MARKET SHARES IN 2018
Figure 12 SERVICES SEGMENT IS EXPECTED TO HOLD THE LARGER MARKET SIZE DURING THE FORECAST PERIOD
Figure 13 LARGE ENTERPRISES SEGMENT IS EXPECTED TO HOLD THE LARGER MARKET SHARE DURING THE FORECAST PERIOD
Figure 14 ASIA PACIFIC IS EXPECTED TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 15 ASIA PACIFIC IS EXPECTED TO EMERGE AS THE BEST MARKET FOR INVESTMENTS IN THE NEXT 5 YEARS
Figure 16 IOT IN BFSI MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
Figure 17 SERVICES SEGMENT IS EXPECTED TO HAVE THE LARGER MARKET SIZE DURING THE FORECAST PERIOD
Figure 18 EUROPE IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 19 ASIA PACIFIC IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 20 MONITORING SEGMENT IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 21 EUROPE IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 22 EUROPE IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 23 PROFESSIONAL SERVICES SEGMENT IS EXPECTED TO HAVE THE LARGER MARKET SIZE DURING THE FORECAST PERIOD
Figure 24 INTEGRATION AND DEPLOYMENT SEGMENT IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 25 EUROPE IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 26 INSURANCE SEGMENT IS EXPECTED TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
Figure 27 EUROPE IS EXPECTED TO HAVE THE SECOND HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 28 ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 29 EUROPE IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 30 LARG ENTERPRISES SEGMENT IS EXPECTED TO HAVE THE LARGER MARKET SIZE DURING THE FORECAST PERIOD
Figure 31 ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 32 ASIA PACIFIC IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
Figure 33 ASIA PACIFIC IS EXPECTED TO BE AN ATTRACTIVE DESTINATION FOR INVESTMENTS
Figure 34 NORTH AMERICA: MARKET SNAPSHOT
Figure 35 SOLUTIONS SEGMENT IS EXPECTED TO DOMINATE THE IOT IN BFSI MARKET IN NORTH AMERICA DURING THE FORECAST PERIOD
Figure 36 SERVICES SEGMENT IS EXPECTED TO DOMINATE THE IOT IN BFSI MARKET IN EUROPE DURING THE FORECAST PERIOD
Figure 37 ASIA PACIFIC: MARKET SNAPSHOT
Figure 38 SERVICES SEGMENT IS EXPECTED TO DOMINATE THE IOT IN BFSI MARKET IN ASIA PACIFIC DURING THE FORECAST PERIOD
Figure 39 SOLUTIONS SEGMENT IS EXPECTED TO DOMINATE THE IOT IN BFSI MARKET IN MIDDLE EAST AND AFRICA DURING THE FORECAST PERIOD
Figure 40 SOLUTIONS SEGMENT IS EXPECTED TO DOMINATE THE IOT IN BFSI MARKET IN LATIN AMERICA DURING THE FORECAST PERIOD
Figure 41 KEY DEVELOPMENTS BY THE LEADING PLAYERS IN THE IOT IN BFSI MARKET DURING 2015–2018
Figure 42 IBM: COMPANY SNAPSHOT
Figure 43 MICROSOFT: COMPANY SNAPSHOT
Figure 44 CAPGEMINI: COMPANY SNAPSHOT
Figure 45 CISCO: COMPANY SNAPSHOT
Figure 46 SAP: COMPANY SNAPSHOT
Figure 47 ACCENTURE: COMPANY SNAPSHOT
Figure 48 ORACLE: COMPANY SNAPSHOT
Figure 49 INFOSYS: COMPANY SNAPSHOT
Figure 50 SOFTWARE AG: COMPANY SNAPSHOT
Figure 51 VODAFONE: COMPANY SNAPSHOT
Figure 52 MULESOFT: COMPANY SNAPSHOT
