Dublin, Dec. 12, 2023 (GLOBE NEWSWIRE) -- The "Internet of Things (IoT) in Financial Services - Thematic Intelligence" report has been added to ResearchAndMarkets.com's offering.
This report takes an in-depth look at look at the impact of the Internet of Things (IoT) across the financial services sector. It examines the value chain across the IoT technology stack and provides market size and growth forecasts. It explores the challenges faced by the financial services industry and how IoT can be deployed to solve them. The report also examines the key companies within this theme, including relevant case study examples of IoT implementations.
The Internet of Things (IoT) describes the use of connected sensors and actuators to control and monitor the environment, the things that move within it, and the people that act within it. The primary driving force behind the adoption of IoT in financial services has been the development of consumer electronics devices by Big Tech companies like Apple, Google, and Samsung. Financial services companies can embed applications such as payment gateways and health-tracking apps into the interfaces of these devices and gain valuable insights from the data they collect. The report estimates that the total IoT market across the financial services sector will be worth $65.4 billion in 2027 - up from $23.6 billion in 2019.
Report Scope
- Interactions between customers and connected devices yield two primary business avenues for financial services companies. The first is the ability to embed products and services into user interfaces and applications, ultimately boosting revenue. The second is the treasure trove of customer insights that can be extracted from user-generated data and the subsequent opportunities for more nuanced personalization.
- Software will be the largest IoT revenue segment in the financial services sector, accounting for 34.9% of revenue in 2027.
- US companies dominate IoT-related patent publications in the financial services sector, filing over twice as many patents as China from January 2003 to September 2023.
Key Topics Covered:
- Executive Summary
- Players
- Financial Services Challenges
- Impact Assessment
- The impact of IoT in banking & payments
- The impact of IoT in insurance
- The impact of IoT on financial services challenges
- Case Studies
- Market Size and Growth Forecasts
- Signals
- Deals
- Patent trends
- Company filing trends
- Hiring trends
- IoT Value Chain
- Physical layer
- Connectivity layer
- Data layer
- App layer
- Services layer
- Companies
- Leading IoT adopters in financial services
- Specialist IoT vendors in financial services
- Sector Scorecard
- Payments sector scorecard
- Retail banking sector scorecard
- Life insurance sector scorecard
- Non-life insurance sector scorecard
A selection of companies mentioned in this report includes
- ABN AMRO
- Allianz
- Armis
- Aviva
- AXA
- Citi
- Diebold Nixdorf
- FINN
- FloodFlash
- Hippo
- Honey
- HSB
- ieDigital
- JPMorgan Chase
- Kontakt.io
- Lemonade
- Mastercard
- Metromile
- Microsoft
- Octo
- Ping An Insurance
- Sberbank
- Standard Chartered
- Swiss Re
- Visa
- Wells Fargo
For more information about this report visit https://www.researchandmarkets.com/r/6h6qkv
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