IoT in BFSI Market 2021: Expeditious Growth Expected In Coming Years
IoT in BFSI Market
BFSI industry implements IoT technology to track and analyze the behavior and demand of the customers and provide real-time analytics.
PORTLAND, OR, UNITED STATES, November 30, 2021 /EINPresswire.com/ -- The global IoT in BFSI market is expected to register substantial growth in the near future, attributed to an increased government expenditure on building digital infrastructure, increase in network connectivity, and availability of smartphone and tablets. Other factors that drive the IoT in BFSI market are rise in prevalence of online banking, mobile banking apps, e-wallets, and other modes of transaction. However, factors such as increase in online frauds, lack of awareness to IoT applications, and data privacy & security restrict the growth of the market.
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Key Benefits
• This report provides an extensive analysis of the current and emerging market trends and dynamics in the global IoT in BFSI market.
• In-depth analysis is conducted by constructing market estimations for the key market segments between 2016 and 2023.
• This study evaluating competitive landscape and value chain is taken into account to help understand the competitive environment across the geographies.
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