Analyst Forecast: IoT in Financial Services Market Poised to Exhibit a High CAGR by Top Players Like IBM, Accenture, Microsoft, Capgemini, Cisco, Oracle, Infosys, SAP, Vodafone
IoT technology is rapidly being incorporated into the financial services sector through the means of wearable devices. These devices are becoming an important element in the wheel of Internet of Things, contributing towards its potential impact. Companies such as Apple and Google are developing IoT-enabled wearables and voice-first devices, which are largely gaining popularity amongst the masses. Devices such as smartwatches, wristbands and eyewear offer easier access to bank account information.
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