Internet of Things (IoT) in Banking Market Looking for New Heights – Current Trends and Growth Drivers with Key Players


Internet of Things (IoT) in the banking market

Internet of Things (IoT) in Banking Market Size was valued at USD 12.7 Billion in 2021 and is projected to reach USD 237.4 Billion by 2031, growing at a CAGR of 33.9% .

PORTLAND, OREGON, USA, Aug. 26, 2022 / — Allied Market Research (Portland, Oregon, USA) has released the latest report titled “Internet of Things (IoT) in Banking Market by Supply ( solution, services), by deployment model (on-premises, cloud), by application (smart ATMs, customer management and support, security and authentication, others), by company size (large enterprises, SMEs): opportunity analysis Global Markets and Industry Forecast, 2021-2031.”


According to Allied Market Research, the global Internet of Things (IoT) in banking market is expected to show remarkable growth during the forecast period. The report includes a detailed study of the Internet of Things (IoT) in Banking market size, market trends, major market players, sales analysis, key driving factors and major investment pockets. The global Internet of Things (IoT) in Banking market report provides an overview of the market and describes the definition and scope of the market. Ongoing technological developments and increasing demand are having an influential effect on the growth of the market. In addition, the report provides quantitative and qualitative analysis of Internet of Things (IoT) in banking market, outlines pain point analysis, value chain analysis and major regulations.

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Additionally, the study provides Porter’s Five Forces Model, along with portfolio and financial analysis and business overview of services and products. The report outlines market segmentation and growth analysis of the top 10 market players currently active in the Internet of Things (IoT) in Banking industry. The report also contains information and statistics, tables and figures which are used in strategic planning for business success.

The report covers a brief analysis of the impact of the Covid-19 Internet of Things (IoT) outbreak on the banking market. The prolonged lockdown and disrupted supply chain, coupled with strict restrictions on international trade, are having a severe impact on the growth of Internet of Things (IoT) in the banking market. The Covid-19 pandemic has driven up commodity prices and changed customer preferences.


Key market segments


• The solution

Deployment model

• On the site
• Cloud


• Smart ATMs
• Customer management and support
• Security and authentication
• Others

size of the company

• Large companies
• SMEs

Major Market Players – Accenture, Capgemini, Cisco Systems, Inc, Dynamics, Inc, GE Digital, IBM, Infosys Limited, Mastercard, Microsoft Corporation, Oracle Corporation, PTC, SAP SE, Software AG, Stripe, Temenos, Tibbo Systems and Vodafone Plc Group.

Geographical landscape of the Internet of Things (IoT) in the banking market:

1) North America (United States, Canada and Mexico)

2) Europe (Germany, France, UK, Russia and Italy)

3) Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

4) South America (Brazil, Argentina, Colombia)

5) Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)


In-depth analysis of each segment helps in making strategic decisions and making profitable investments in the future. Moreover, it helps market players gain a competitive advantage. The segment and sub-segment analysis of the Internet of Things (IoT) in Banking market is offered in the form of graphs and tables. This study is essential for understanding the most revenue-generating and fast-growing segments of the market. The global Internet of Things (IoT) in Banking Market report offers an in-depth study of the major market players currently dominating the industry. The report includes the analysis of production, sales and revenue of these companies. These companies have adopted various business strategies such as new product launches, mergers and acquisitions, partnerships and collaborations to maintain their position in the market.

The report will include highlights of the overall market, including frequently asked questions [FAQs] such as:

Q1. What is the current trend of the Internet of Things (IoT) in banking market going on in the market?
Q2. What are the historical revenue figures and estimated revenue figures along with CAGR during the forecast period of Internet of Things (IoT) in Banking Market?
Q3. Which regions and segments will generate massive revenue and emerge as market leaders in the coming years?
Q4. What are the market drivers, restraints, and challenges impacting market demand and growth?
Q5. What are the business tactics that will influence the competitive scenarios while defining the growth potential of the market?

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

David Correa
Allied Analytics LLP
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