Europe: smart finance technology segment revenue

The revenue of the smart finance technology market in Europe increased to around 101.4 million U.S. dollars in 2021. Finance platforms created almost 47 million of this revenue making them the strongest segment followed by finance connectivity services with a revenue of around 43 million dollars. The Statista Technology Market Outlook estimates that both segments will continue to dominate the revenue creation of finance technology in Europe for the foreseeable future.

Smart finance technologies market revenue in Europe from 2016 to 2026, by segment (in million U.S. dollars)

Characteristic	Finance Platforms	Finance Connectivity	Finance Services	Finance Hardware
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Supplementary notes

Data provided by Statista Market Outlooks are estimates

The term Internet of Things (IoT) describes a network of physical and virtual devices that are able to communicate autonomously with each other using the Internet Protocol (IP). The Internet of Things market contains important applications of IoT technologies. These include Smart Home technologies and Smart Finance technologies. Each category is segmented into pure IoT revenues from dedicated hardware, platforms, services, and connectivity.

Market values represent pure IoT revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Revenues are allocated to the country where the money is spent.

All figures are estimate. A detailed methodology can be found in the Statista Market Outlook.

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