{"id":840252,"date":"2026-10-08T13:24:02","date_gmt":"2026-10-08T13:24:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=840252"},"modified":"2026-10-08T13:24:02","modified_gmt":"2026-10-08T13:24:02","slug":"internet-of-things-in-banking-market-to-reach-20018-bn-by-2031-driven-by-connected-banking-realtime-security","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/internet-of-things-in-banking-market-to-reach-20018-bn-by-2031-driven-by-connected-banking-realtime-security_840252.html","title":{"rendered":"Internet of Things in Banking Market to Reach $200.18 Bn by 2031, Driven by Connected Banking &Real-Time Security"},"content":{"rendered":"
\"Internet<\/a><\/div>\n
Mordor Intelligence has published a new report on the Internet of Things in Banking market, offering a comprehensive analysis of trends, growth drivers, and future projections.<\/div>\n

Internet of Things in Banking Market Overview<\/strong><\/p>\n

India, Hyderabad – 8th october 2026, The Internet of Things in Banking market<\/a> is estimated to grow from USD 51.4 billion in 2026 to USD 200.18 billion by 2031, registering a CAGR of 31.25% during the forecast period. Market expansion is supported by banks adopting connected devices, real-time data systems, and embedded payment capabilities to improve operational efficiency, security, and customer experiences. Connected sensors across ATMs, branches, mobile endpoints, wearables, and other devices are enabling financial institutions to collect and analyze data across physical and digital banking environments.<\/p>\n

The Internet of Things in Banking industry is also benefiting from the growing use of cloud platforms, edge analytics, open banking APIs, and connected payment ecosystems. Banks are increasingly using IoT technologies for fraud detection, branch and ATM monitoring, personalized services, and automated workflows. Asia-Pacific is expected to register the fastest growth, while North America remains the largest market as financial institutions in developed markets continue investing in connected banking infrastructure.<\/p>\n

Internet of Things in Banking Market Key Trends<\/strong><\/p>\n

Growing Adoption of Connected Banking Infrastructure<\/strong><\/p>\n

The Internet of Things in Banking market growth is being supported by the increasing deployment of connected sensors across ATMs, branches, mobile devices, and other banking endpoints. Financial institutions are using device telemetry to monitor equipment performance, improve branch operations, identify maintenance requirements, and enhance customer engagement. Connected infrastructure also allows banks to combine physical and digital data to support more responsive banking services.<\/p>\n

Rising Demand for Real-Time Fraud Detection and Security<\/strong><\/p>\n

Security is becoming a major application area as banks face growing cyber risks and increasingly distributed technology environments. IoT-enabled sensors and connected devices can provide real-time information for identifying unusual activity, detecting ATM tampering, monitoring physical environments, and supporting fraud prevention. The integration of edge analytics and device-level security is further strengthening the role of connected technologies within banking operations.<\/p>\n

Increasing Adoption of IoT-Enabled Embedded Payments<\/strong><\/p>\n

Connected cars, smart appliances, wearables, and other devices are creating new opportunities for embedded financial services. Banks and payment providers are exploring ways for connected devices to initiate transactions with limited user intervention. Secure authentication, tokenization, open banking APIs, and real-time payment infrastructure are supporting the development of these use cases and expanding the Internet of Things in Banking market opportunities.<\/p>\n

Growing Use of IoT for Personalized Banking Services<\/strong><\/p>\n

Financial institutions are increasingly using connected-device data to improve customer experiences and deliver more targeted services. Information from mobile endpoints, wearables, branches, and other connected devices can support personalized offers, contextual engagement, and customer journey optimization. The combination of IoT data with analytics and banking platforms is helping institutions develop more responsive services across physical and digital channels.<\/p>\n

Internet of Things in Banking Market Forecast and Localized Insights<\/strong><\/p>\n

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights:<\/strong><\/p>\n

https:\/\/www.mordorintelligence.com\/ja\/industry-reports\/internet-of-things-in-banking-market?utm_source=abnewswire<\/a><\/p>\n

Internet of Things in Banking Market Segmentation<\/strong><\/p>\n