The latest information revolution known as the Internet of Things (IoT) provides an unprecedented level of data-driven customer service for the banks. This revolution can bring various opportunities to the financial services industry. Banks and financial institutions can provide clients with advice and services that are closely related to their daily lives. IoT’s potential for banking and financial services is expected to evolve into a new concept called the Bank of Things (BoT), which is completely collapsed.
The worldwide IoT in Banking and Financial Services Market is expected to grow over CAGR of 55.3% over the forecasted years. It provides a qualitative and quantitative analysis of the IoT in Banking and Financial Services Market. Market segments and sub-types of business. Some of the major players have created profiles to gain insight into their business.
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Profiling Global key Players– Hewlett Packard Enterprise Development LP, IBM, Infosys Limited, Microsoft, Oracle, SAP SE, Software AG, Tata Consultancy Services Limited, Vodafone Group Services Limited and EdgeVerve Limited amongst others.
IoT in Banking and Financial Services Market:
- Customer Management
- Payment Management
- Security & Monitoring
- Professional Services
- Business Consulting Services
- Integrated Services
- Deployment Services
- Managed Services
By Organization Size
- Small and Medium Enterprise
- Large Enterprise
By End User
- Non-banking Financial Companies
- North America
- Asia Pacific
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What the research report offers:
- It offers a complete overview of different dynamic aspects such as drivers and restraints.
- It offers strategic analysis of different business perspectives like market shares, profitability, and productivity.
- Recent updates on various rules, regulations and government policies have been listed.
- It lists competitive analysis of several leading key players including established players as well as new startups.
- The regional outlook of the IoT in banking and financial services market has been presented in this research report.
- Different segments and sub-segments have been presented with an accurate analysis.
- The competitive landscape of the IoT in banking and financial services market has been described in detail.
- It offers several approaches for increasing sales in the businesses.
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