1. Market Research
  2. > Wireless Technology Market Trends

Global IoT in Financial Services Market, 2017

  • June 2017
  • 71 pages
  • Frost & Sullivan
Report ID: 4965068

Summary

Table of Contents

Strategic Investments in Effective Customer Engagement Result in Useful Data Insights for Growth

The financial services industry has been remarkably disrupted by innovative technologies and new business models. While the pace of innovation is rapid in financial services, IoT is still at a nascent level in this complex and highly regulated industry. However, the industry now appears to be at a point of articulation as the stakeholders from the fintech and InsurTech ecosystem and the traditional organizations have set their sights on IoT as the next greatest growth opportunity. This study aims to put in perspective the existing trends for IoT in financial services globally. The analysis will include the current challenges for adopting IoT solutions, drivers for the adoption of IoT within financial services, the role of the stakeholders in the IoT ecosystem for catering to financial services organizations, and various areas within banking and insurance where IoT creates an impact. This report will also have relevant use cases in the form of examples to make sure that the reader understands the impact in a clear manner. The analysis will include discussions on current challenges, the impact of financial (banking, insurance) transactions on the IoT ecosystem, and key steps that are being taken by banks and insurance companies globally for implementing IoT. This report also covers the top drivers and restraints that determine the adoption of IoT solutions (based on an IoT survey). The report has a pictorial workflow representation of the IoT solutions that currently cater to the banking and insurance industries.

This report will answer the following: -
• What is IoT?
• Who are the major players in the IoT ecosystem?
• How do different stakeholders in the IoT ecosystem work together?
• What are the drivers for the adoption of IoT?
• What are the challenges that slow down the adoption of IoT?
• Which are the top areas in banking that would get the best benefits from the adoption of IoT?
• What are the top areas in insurance that would get the best benefits from the adoption of IoT?
• How does IoT impact the services and products that are provided by the financial organizations?
• How does IoT impact financial services?
• How is IoT currently being used in banking?
• How is IoT currently being used in insurance?
• How could IoT play a role in digital branches?
• How could IoT play a role in ATM machines?
• How could IoT play a role in mobile banking and payments?
• What role does IoT play in auto insurance?
• What role does IoT play in home insurance?
• What role does IoT play in health insurance?
• What are the steps that the bankers have to take for a successful IoT implementation?
• What are the steps that insurers have to take for having a successful IoT implementation?
• What are the growth opportunities for insurance companies?
• What are the growth opportunities for banks?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Cellular Machine-to-Machine (M2M) Forecast: 2017-22

  • $ 13000
  • Industry report
  • June 2017
  • by Ovum

Introduction Ovum’s Cellular Machine-to-Machine (M2M) Forecast: 2017-22 is an Excel spreadsheet product that provides quantitative information on cellular M2M connections, service provider revenue by ...

Consumer IoT Forecast: 2016-21

  • $ 7500
  • Industry report
  • June 2017
  • by Ovum

Introduction The consumer IoT market is set for tremendous growth over the next five years with unit sales to jump nearly fivefold from 366 million in 2016 to 1.8 billion in 2021. The installed base of ...

China Business IoT Market Forecast, 2016-2021

  • $ 8000
  • Industry report
  • August 2017
  • by IDC

This IDC study provides an update on IDC's China IoT market outlook at a technology and vertical industry level for the period of 2016-2021. It provides forecast on the spend projections from the same ...


ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.