Asia Pacific Iot In Banking And Financial Services Market Size & Outlook
The iot in banking and financial services market in Asia Pacific is expected to reach a projected revenue of US$ 42,656.8 million by 2030. A compound annual growth rate of 15.8% is expected of Asia Pacific iot in banking and financial services market from 2024 to 2030.
Revenue, 2023 (US$M)
$15,254.4
Forecast, 2030 (US$M)
$42,656.8
CAGR, 2024 - 2030
15.8%
Report Coverage
Asia Pacific
Related Markets
Asia Pacific iot in banking and financial services market highlights
- The Asia Pacific iot in banking and financial services market generated a revenue of USD 15,254.4 million in 2023.
- The market is expected to grow at a CAGR of 15.8% 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.
Asia Pacific data book summary
| Market revenue in 2023 | USD 15,254.4 million |
| Market revenue in 2030 | USD 42,656.8 million |
| Growth rate | 15.8% (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, Asia Pacific region accounted for 26.5% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Software AG | View profile | 1001-5000 | Darmstadt, Hessen, Germany, Europe | http://www.softwareag.com |
| Vodafone Group PLC | View profile | 85225 | Vodafone House, The Connection, Newbury, Berkshire, United Kingdom, RG14 2FN | https://www.vodafone.com |
| Capgemini SE | View profile | 340400 | 11 rue de Tilsitt, Paris, France, 75017 | https://www.capgemini.com |
| HCL Technologies | View profile | 10001+ | Noida, Uttar Pradesh, India, Asia | http://www.hcltech.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| SAP SE | View profile | 107602 | Dietmar-Hopp-Allee 16, Walldorf, BW, Germany, 69190 | https://www.sap.com |
| Accenture PLC Class A | View profile | 742000 | 1 Grand Canal Square, Grand Canal Harbour, Dublin, Ireland, 2 | https://www.accenture.com |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Oracle Corp | View profile | 164000 | 2300 Oracle Way, Austin, TX, United States, 78741 | https://www.oracle.com |
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