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Showing posts from June, 2022

IoT in Banking and Financial Services Market Size, Company Revenue Share, Key Drivers, By, 2028

  The popularity of Cloud Computing and the Internet of Things (IoT) will contribute to the growth of the market. Market Size – USD 551.8 Million in 2020, Market Growth - CAGR of 46.9%, Market Trends – The emergence of big data analytics. The Global  IoT in Banking and Financial Services Market  is forecast to reach USD 12.17 Billion by 2028, according to a new report by Reports and Data. Internet of Things (IoT) is the interconnectivity of electronic devices, such as smartphones, over a single network. These devices transmit signals to the server and among each other. The technology captures data from all the available sources, which is further filtered, and analyzed to gain insights into various processes of a business. Because of its potential, IoT is gaining massive traction in the banking sector across the world. The banking sector is figuring out ways to leverage the potential of IoT to bring out better revenues from business activities. The data collected and analyzed from so