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Global IoT for Finance Market to reach USD XX billion by the end of 2029.

Global IoT for Finance Market Size study & Forecast, by Solutions (Security, Customer Experience Management, Monitoring, Data Management), by Service (Managed Services, Professional Services), by End User (Banking, Insurance), by Organization Size (SMEs, Large Enterprises) and Regional Analysis, 2022-2029

Product Code: BFCS-43173074
Publish Date: 13-05-2023
Page: 200

Global IoT for Finance Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. In finance, the Internet of Things (IoT) refers to the incorporation of IoT technology into financial services and products. This can include using IoT devices to improve banking security, developing new forms of digital currency, and analysing IoT data to make better financial decisions. IoT can also be used to improve efficiency and cost savings, as well as increase customer engagement, predictive maintenance, and risk reduction. The Internet of Things has the potential to transform the finance industry by improving security, opening up new avenues for financial innovation, and providing financial institutions with more data to make better decisions. The increasing adoption of digital payments and growing demand for improved security solutions drive market growth.

Post Covid 19 pandemic the adoption of digital transactions have rapidly increased creating strong demand for Global IoT for Finance Market. For instance- as of 2023, globally the transaction value in the Digital Payments segment is estimated at USD 9.47 trillion, and as per estimation, the total transaction value is expected to show an annual growth rate of 11.79% between 2023 & 2027 resulting in a projected total amount of USD 14.79 trillion by 2027. Also, the rising penetration of point-of-sale devices and the growing emergence of digital currencies would create a lucrative growth prospectus for the market over the forecast period. For instance – in December 2022, India’s central bank Reserve Bank of India (RBI) announced the launch of the first retail digital Rupee (e₹-R) pilot in the country. Moreover, this e-Rupee would be in the form of a digital token and would be issued in the same denominations as paper currency and coins. In addition, it would be distributed through intermediaries such as banks and financial institutions. However, concern over data privacy hinders the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global IoT for Finance Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading financial institutions as well as the availability of required technological infrastructure in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising deployment of digital banking units by leading banking and financial institutions and the rapid growth of digital transactions in the region.

Major market player included in this report are:
International Business Machines (IBM) Corporation
Microsoft Corporation
Oracle Corporation
Infosys Ltd
banco atlantico Europa
Cisco Systems Inc.
Software AG

Recent Developments in the Market:
Ø In September 2021, Diebold Nixdorf, one of the world’s largest providers of banking and retail technology, announced launch of a new system enabling IoT solutions. Moreover, Banks that use Diebold Nixdorf ATMs and have a maintenance contract with the DN All Connect Data Engine (ACDE) technology, could be able to leverage real-time IoT connections to DN ATMs and provide a data-driven, predictive service model.

Global IoT for Finance Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Solutions, Service, End User, Organization Size, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Solutions
Customer Experience Management
Data Management
By Service
Managed Services
Professional Services
By End User
By Organization Size
Large Enterprises

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. IoT for Finance Market, by Region, 2019-2029 (USD Billion)
1.2.2. IoT for Finance Market, by Solutions, 2019-2029 (USD Billion)
1.2.3. IoT for Finance Market, by Service, 2019-2029 (USD Billion)
1.2.4. IoT for Finance Market, by End User, 2019-2029 (USD Billion)
1.2.5. IoT for Finance Market, by Organization Size, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global IoT for Finance Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global IoT for Finance Market Dynamics
3.1. IoT for Finance Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing adoption of digital payments Growing demand for improved security solutions
3.1.2. Market Challenges Privacy and security concerns
3.1.3. Market Opportunities Rising penetration of point-of-sale devices Growing emergence of digital currencies
Chapter 4. Global IoT for Finance Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global IoT for Finance Market, by Solutions
6.1. Market Snapshot
6.2. Global IoT for Finance Market by Solutions, Performance – Potential Analysis
6.3. Global IoT for Finance Market Estimates & Forecasts by Solutions 2019-2029 (USD Billion)
6.4. IoT for Finance Market, Sub Segment Analysis
6.4.1. Security
6.4.2. Customer Experience Management
6.4.3. Monitoring
6.4.4. Data Management
Chapter 7. Global IoT for Finance Market, by Service
7.1. Market Snapshot
7.2. Global IoT for Finance Market by Service, Performance – Potential Analysis
7.3. Global IoT for Finance Market Estimates & Forecasts by Service 2019-2029 (USD Billion)
7.4. IoT for Finance Market, Sub Segment Analysis
7.4.1. Managed Services
7.4.2. Professional Services
Chapter 8. Global IoT for Finance Market, by End User
8.1. Market Snapshot
8.2. Global IoT for Finance Market by End User, Performance – Potential Analysis
8.3. Global IoT for Finance Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
8.4. IoT for Finance Market, Sub Segment Analysis
8.4.1. Banking
8.4.2. Insurance
Chapter 9. Global IoT for Finance Market, by Organization Size
9.1. Market Snapshot
9.2. Global IoT for Finance Market by Organization Size, Performance – Potential Analysis
9.3. Global IoT for Finance Market Estimates & Forecasts by Organization Size 2019-2029 (USD Billion)
9.4. IoT for Finance Market, Sub Segment Analysis
9.4.1. SMEs
9.4.2. Large Enterprises
Chapter 10. Global IoT for Finance Market, Regional Analysis
10.1. IoT for Finance Market, Regional Market Snapshot
10.2. North America IoT for Finance Market
10.2.1. U.S. IoT for Finance Market Solutions breakdown estimates & forecasts, 2019-2029 Service breakdown estimates & forecasts, 2019-2029 End User breakdown estimates & forecasts, 2019-2029 Organization Size breakdown estimates & forecasts, 2019-2029
10.2.2. Canada IoT for Finance Market
10.3. Europe IoT for Finance Market Snapshot
10.3.1. U.K. IoT for Finance Market
10.3.2. Germany IoT for Finance Market
10.3.3. France IoT for Finance Market
10.3.4. Spain IoT for Finance Market
10.3.5. Italy IoT for Finance Market
10.3.6. Rest of Europe IoT for Finance Market
10.4. Asia-Pacific IoT for Finance Market Snapshot
10.4.1. China IoT for Finance Market
10.4.2. India IoT for Finance Market
10.4.3. Japan IoT for Finance Market
10.4.4. Australia IoT for Finance Market
10.4.5. South Korea IoT for Finance Market
10.4.6. Rest of Asia Pacific IoT for Finance Market
10.5. Latin America IoT for Finance Market Snapshot
10.5.1. Brazil IoT for Finance Market
10.5.2. Mexico IoT for Finance Market
10.5.3. Rest of Latin America IoT for Finance Market
10.6. Rest of The World IoT for Finance Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. International Business Machines (IBM) Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Microsoft Corporation
11.2.3. SAP
11.2.4. Oracle Corporation
11.2.5. Infosys Ltd
11.2.6. Capgemini
11.2.7. banco atlantico Europa
11.2.8. Cisco Systems Inc.
11.2.9. Accenture
11.2.10. Software AG
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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