Market Research Report
Internet of Things (IoT) in Banking and Financial Services
|Published by||Global Industry Analysts, Inc.||Product code||994638|
|Published||Content info||135 Pages
Delivery time: 1-2 business days
|Internet of Things (IoT) in Banking and Financial Services|
|Published: April 1, 2021||Content info: 135 Pages||
Global Internet of Things (IoT) in Banking and Financial Services Market to Reach $7.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) in Banking and Financial Services estimated at US$558.1 Million in the year 2020, is projected to reach a revised size of US$7.9 Billion by 2027, growing at aCAGR of 46% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 47.1% CAGR and reach US$5.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 43.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $169.6 Million, While China is Forecast to Grow at 43.8% CAGR
The Internet of Things (IoT) in Banking and Financial Services market in the U.S. is estimated at US$169.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 43.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 41.2% and 38.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 30.3% CAGR.
Select Competitors (Total 37 Featured) -