Product Code: ETC4426547 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The IoT in Banking and Financial Services market in Jordan is evolving as financial institutions explore IoT applications to enhance customer experience and operational efficiency. IoT solutions in this market include smart ATMs, wearable payment devices, and connected branches. The adoption of IoT technology helps banks to offer personalized services, streamline operations, and improve security, contributing to the market`s expansion.
The adoption of IoT in Banking and Financial Services in Jordan is primarily driven by the need for enhanced customer experiences and operational efficiencies. IoT solutions enable banks to offer personalized services, improve security through biometric authentication, and streamline processes such as asset management and facility monitoring. Moreover, the increasing penetration of mobile banking and digital payments is further accelerating the integration of IoT technologies in the financial sector.
The adoption of IoT in banking and financial services in Jordan is slowed by security concerns and regulatory compliance issues. Banks and financial institutions handle highly sensitive data, and integrating IoT technologies introduces potential vulnerabilities that could be exploited by cybercriminals. Regulatory requirements for data protection and privacy are stringent, making compliance a complex and resource-intensive process. Additionally, the high costs associated with implementing IoT solutions and the need for continuous monitoring and maintenance can be prohibitive for many institutions.
The Jordan government has introduced policies to facilitate the integration of IoT in the banking and financial services sector. These policies focus on cybersecurity, data protection, and regulatory frameworks that ensure the secure adoption of IoT technologies in financial transactions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Jordan IoT in Banking and Financial Services Market Overview |
3.1 Jordan Country Macro Economic Indicators |
3.2 Jordan IoT in Banking and Financial Services Market Revenues & Volume, 2021 & 2031F |
3.3 Jordan IoT in Banking and Financial Services Market - Industry Life Cycle |
3.4 Jordan IoT in Banking and Financial Services Market - Porter's Five Forces |
3.5 Jordan IoT in Banking and Financial Services Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Jordan IoT in Banking and Financial Services Market Revenues & Volume Share, By Solution, 2021 & 2031F |
3.7 Jordan IoT in Banking and Financial Services Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.8 Jordan IoT in Banking and Financial Services Market Revenues & Volume Share, By End-User, 2021 & 2031F |
3.9 Jordan IoT in Banking and Financial Services Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 Jordan IoT in Banking and Financial Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for digital banking services in Jordan |
4.2.2 Growing adoption of IoT technology in the financial sector |
4.2.3 Government initiatives to promote digital transformation in banking and financial services |
4.3 Market Restraints |
4.3.1 Security and privacy concerns related to IoT devices in the banking sector |
4.3.2 Lack of standardized regulations for IoT implementation in Jordan |
4.3.3 Limited awareness and understanding of IoT technology among traditional financial institutions |
5 Jordan IoT in Banking and Financial Services Market Trends |
6 Jordan IoT in Banking and Financial Services Market, By Types |
6.1 Jordan IoT in Banking and Financial Services Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Component, 2021-2031F |
6.1.3 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Solutions, 2021-2031F |
6.1.4 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Services, 2021-2031F |
6.2 Jordan IoT in Banking and Financial Services Market, By Solution |
6.2.1 Overview and Analysis |
6.2.2 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Security, 2021-2031F |
6.2.3 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Customer Experience Management, 2021-2031F |
6.2.4 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Monitoring, 2021-2031F |
6.2.5 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Data Management, 2021-2031F |
6.2.6 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Others, 2021-2031F |
6.3 Jordan IoT in Banking and Financial Services Market, By Service |
6.3.1 Overview and Analysis |
6.3.2 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Professional Services, 2021-2031F |
6.3.3 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Managed Services, 2021-2031F |
6.4 Jordan IoT in Banking and Financial Services Market, By End-User |
6.4.1 Overview and Analysis |
6.4.2 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Banking, 2021-2031F |
6.4.3 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Insurance, 2021-2031F |
6.4.4 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Others, 2021-2031F |
6.5 Jordan IoT in Banking and Financial Services Market, By Organization Size |
6.5.1 Overview and Analysis |
6.5.2 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Small and Medium-sized Enterprises, 2021-2031F |
6.5.3 Jordan IoT in Banking and Financial Services Market Revenues & Volume, By Large Enterprises, 2021-2031F |
7 Jordan IoT in Banking and Financial Services Market Import-Export Trade Statistics |
7.1 Jordan IoT in Banking and Financial Services Market Export to Major Countries |
7.2 Jordan IoT in Banking and Financial Services Market Imports from Major Countries |
8 Jordan IoT in Banking and Financial Services Market Key Performance Indicators |
8.1 Average number of IoT devices per banking customer |
8.2 Percentage increase in mobile banking transactions facilitated through IoT devices |
8.3 Rate of adoption of IoT-powered financial products and services |
9 Jordan IoT in Banking and Financial Services Market - Opportunity Assessment |
9.1 Jordan IoT in Banking and Financial Services Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Jordan IoT in Banking and Financial Services Market Opportunity Assessment, By Solution, 2021 & 2031F |
9.3 Jordan IoT in Banking and Financial Services Market Opportunity Assessment, By Service, 2021 & 2031F |
9.4 Jordan IoT in Banking and Financial Services Market Opportunity Assessment, By End-User, 2021 & 2031F |
9.5 Jordan IoT in Banking and Financial Services Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 Jordan IoT in Banking and Financial Services Market - Competitive Landscape |
10.1 Jordan IoT in Banking and Financial Services Market Revenue Share, By Companies, 2024 |
10.2 Jordan IoT in Banking and Financial Services Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |