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Industrial IoT Market is expected to reach $344.7 Billion by 2026- An exclusive market research report by Lucintel
According to a recent study from Lucintel the industrial IoT market is projected to reach an estimated $344.7 billion by 2026 from $109.8 billion in 2020, at a CAGR of 21% from 2020 to 2026. Growth in this market is primarily driven by increasing demand for automation in manufacturing industry, increasing adoption for IoT and AI, rising awareness for safety and security, and standardization of IPv6.
Browse 86 figures / charts and 75 tables in this 160 – page report to understand trends, opportunities and forecast in Industrial IoT market by end use industry (manufacturing, transportation, energy, retail, healthcare, and others), connectivity (wired and wireless), component (solution and service), device and technology (sensors, RFID, industrial robotics, distributed control system, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download sample report and view detailed table of content by clicking on below link https://www.lucintel.com/industrial-iot-market.aspx
“Wireless connectivity market is expected to remain the largest segment during the forecast period”
Based on connectivity, the industrial IoT market is segmented into wired and wireless. Lucintel forecasts that the wireless connectivity market is expected to remain the largest segment due to increasing usage of Wi-Fi, bluetooth, and cellular and satellite technologies.
“Within the industrial IoT market manufacturing segment is expected to remain the largest end use industry”
Based on end use industry, the manufacturing segment is expected to witness the largest segment over the forecast period due to predicative maintenance, demand for technology advancement and need for improved operation efficiency in various industries.
“Asia Pacific will dominate the industrial IoT market in near future”
Asia Pacific is expected to be the largest region with the largest market for industrial IoT, supported by growing urbanization, increasing internet penetration, and growing adoption of IoT in various industries in the region.
Major players of industrial IoT market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. PTC, SAP, Cisco, General Electric, and Siemens are among the major industrial IoT providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. We also have reports related to IoT in the area of blockchain IoT market (https://www.lucintel.com/blockchain-iot-market.aspx), automotive IoT market (https://www.lucintel.com/automotive-iot-market.aspx), and IoT sensor market (https://www.lucintel.com/iot-sensor-market.aspx). For a detailed table of contents on any one of the above reports please contact us at +1-972-636-5056 or email us at [email protected].
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French fintech Lydia launches digital banking app Sumeria
Lydia, a prominent French fintech company known for its innovative financial solutions, has taken a significant leap forward with the launch of its new digital banking app, Sumeria. This development marks a strategic expansion for Lydia as it continues to redefine the financial landscape in Europe and beyond.
About Lydia
Since its inception, Lydia has been at the forefront of fintech innovation in France, providing users with seamless and user-friendly payment solutions. The company has built a strong reputation for its mobile payment app, which allows users to send and receive money, pay for goods and services, and manage their finances with ease. With millions of users and a robust platform, Lydia is well-positioned to venture into the digital banking space.
Introducing Sumeria
Sumeria is Lydia’s latest offering, designed to cater to the growing demand for comprehensive digital banking solutions. The app aims to provide users with a full suite of banking services, all accessible from their smartphones. Key features of Sumeria include:
- Personal and Business Accounts: Sumeria offers both personal and business accounts, enabling users to manage their finances efficiently. The app supports a range of functionalities tailored to meet the needs of individual users and small to medium-sized enterprises (SMEs).
- Intuitive Interface: True to Lydia’s commitment to user experience, Sumeria boasts an intuitive and easy-to-navigate interface. Users can quickly access account information, transaction history, and various banking services with just a few taps.
- Comprehensive Financial Tools: Sumeria provides a range of financial tools designed to help users better manage their money. Features such as budgeting, expense tracking, and personalized financial insights empower users to make informed financial decisions.
- Security and Privacy: Lydia places a high priority on security, and Sumeria is no exception. The app incorporates advanced security measures, including biometric authentication and end-to-end encryption, to ensure that users’ financial data is protected.
- Integrated Payments: Leveraging Lydia’s expertise in payments, Sumeria integrates seamless payment solutions, allowing users to send and receive money instantly, pay bills, and make purchases directly from the app.
Strategic Implications
The launch of Sumeria represents a strategic move for Lydia, positioning the company as a formidable player in the digital banking arena. By expanding its product offering, Lydia aims to capture a larger share of the market and meet the evolving needs of its users. This initiative also reflects a broader trend in the fintech industry, where traditional payment service providers are evolving into comprehensive financial service platforms.
Market Impact
Sumeria’s entry into the market is poised to have a significant impact. With its user-centric design and robust feature set, the app is likely to attract a diverse user base, from tech-savvy millennials to SMEs seeking efficient banking solutions. Moreover, Sumeria’s integration with Lydia’s existing payment infrastructure provides a seamless transition for current Lydia users, further boosting its adoption.
Future Prospects
Looking ahead, Lydia plans to continually enhance Sumeria by adding new features and expanding its services. The company’s focus on innovation and customer satisfaction will be key drivers of Sumeria’s growth. Additionally, Lydia’s potential to scale Sumeria across other European markets presents a substantial opportunity for further expansion.
Source: fintechfutures.com
The post French fintech Lydia launches digital banking app Sumeria appeared first on HIPTHER Alerts.
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