![]() ![]() The market consists of revenue generated through selling of hardware (such as sensors, chips and other hardware), platforms (IoT platforms, security software and other software), connectivity (cellular, LoRa, SigFox and other connectivity) and services (equipment & system integration and maintenance). The Internet of Things market compromises of revenue and revenue growth as the key performance indicators. IoT applications in financial sector include ATMs, insurance telematics, smart payment systems and asset tracking. It involves the use of connected devices, sensors, and data analytics to transform traditional financial processes and create new business models. Smart Finance refers to the application of Internet of Things technologies in the financial industry.
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