Smart checkout technologies provide much simpler user experiences by removing traditional checkouts; embracing a ‘just walk out’ approach. We predict that the value of transactions processed by smart checkout technologies, where the fixed checkout process is replaced by a frictionless model, will reach $387 billion in 2025, up from just $2 billion in 2020. The rapid growth will be driven by retailers seeking sustainable business models.
A new study from Juniper Research has found that the number of vehicles with embedded connectivity will reach 200 million globally by 2025; rising from 110 million in 2020. As a result, we predict both 5G adoption and the incorporation of embedded eSIMS will be a catalyst for this growth; making operators some of the main beneficiaries of this new trend.
A new study from Juniper Research has found that the long-lasting economic impact of the COVID-19 pandemic means that cross-border values will only exceed 2019 values by 2022; highlighting the effect that this major economic disruption will have on businesses around the world. As a result, we predict slow growth in B2B Cross-border Payments; reaching $35 trillion in 2022; representing a 30% growth from a COVID-related low of $27 trillion in 2020.
SMS traffic fraud is set to see a dramatic decrease by 75% over the forecast period, from 539 billion messages in 2020 to 138 billion in 2025. By contrast, operator business revenue traffic will reach $50 billion in 2025; increasing from $39.6 billion in 2020. This represents an overall growth of 26%; driven by the reduction in illegitimate traffic due to the implementation of SMS firewalls.
Digital subscription services is set to increase the total spend of Direct Carrier Billing, as the overall value will reach $100 billion for the first time by 2025; rising from $37 billion in 2020. The increasing shift to subscription-based models, such as games, video streaming and music, will be key to the market; realising a substantial growth rate of 172% over the next five years.
The CPaaS (Communications Platform-as-a-service) market is set to increase over the next five years, as the total value will reach $25 billion in 2025; rising from $7 billion this year.
Digital Loyalty Programme memberships are set to have substantial growth in users, as Juniper Research anticipates an increase from 37 billion in 2020 to 48 billion in 2023 globally.
With more than 3,000 deaths, and over 94,000 confirmed cases worldwide, it’s no surprise that Coronavirus is the hottest topic in the news. In the age we live in, how can technology help prevent these viruses/diseases from spreading?
Netflix, while a clear leader in the video streaming market, has repeatedly had its competition in the video streaming market intensify.
The mobile voice market has always been at the forefront of technological disruption and innovation. Notably, the past decade has been particularly transformative for the mobile voice landscape with the introduction of ground-breaking advancements in technology, such as the commercial penetration of AI, the rise of highly advanced OTT (Over The Top) communication platforms, the rollout of 4G and 5G, etc.