Europe Iot In Banking And Financial Services Market Size & Outlook
The iot in banking and financial services market in Europe is expected to reach a projected revenue of US$ 29,751.2 million by 2030. A compound annual growth rate of 11.7% is expected of Europe iot in banking and financial services market from 2024 to 2030.
Revenue, 2023 (US$M)
$13,750.8
Forecast, 2030 (US$M)
$29,751.2
CAGR, 2024 - 2030
11.7%
Report Coverage
Europe
Europe iot in banking and financial services market, 2018-2030 (US$M)
Related Markets
Europe iot in banking and financial services market highlights
- The Europe iot in banking and financial services market generated a revenue of USD 13,750.8 million in 2023.
- The market is expected to grow at a CAGR of 11.7% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 13,750.8 million |
| Market revenue in 2030 | USD 29,751.2 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
| Key market players worldwide | International Business Machines Corp, Microsoft Corp, SAP SE, Oracle Corp, Cisco Systems Inc, Capgemini SE, Accenture PLC Class A, Software AG, HCL Technologies, Vodafone Group PLC |
Other key industry trends
- In terms of revenue, Europe region accounted for 23.9% of the global iot in banking and financial services market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 42,656.8 million by 2030.
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IoT in Banking and Financial Services Market Scope
Iot in banking and financial services market segmentation & scope
Deployment
On-premise
Cloud
Solution
Security
Customer Experience Management
Monitoring
Data Management
Others
End Use
Banking
Insurance
Others
IoT in Banking and Financial Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Related regional statistics
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