The Smart Finance Connectivity subsegment displays pure IoT revenues from ATMs, a significant instance of IoT in the financial sector. Only IoT revenues from wireless (e.g., cellular and LPWAN networks) and wired connectivity systems are taken into account.
The term Internet of Things (IoT) describes a network of physical or virtual devices that are able to communicate autonomously with each other using the Internet Protocol (IP).
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.