industry reports

New Report Forecasts $30.5 Billion Market for Digital Identity Solutions

New Report Forecasts $30.5 Billion Market for Digital Identity Solutions

MarketsandMarkets has released a new report that predicts that the market for Digital Identity Solutions will more than double between 2019 and 2024. The market will display a CAGR of 17.3 percent and climb from $13.7 billion to $30.5 billion in that forecast window. The firm credited much of that growth to the rising demand for more…

International Emotion Recognition Market to Double by 2024

International Emotion Recognition Market to Double by 2024

MarketsandMarkets has released a new report that suggests that the international market for emotion detection and recognition technology will double within the next four years. The firm specifically predicts that the market will climb from $21.6 billion in 2019 to $56 billion by 2024, a figure that represents a CAGR of 21 percent. The emotion recognition market includes…

Frost & Sullivan Forecasts Rise of Branded In-Car Digital Assistants

Frost & Sullivan Forecasts Rise of Branded In-Car Digital Assistants

Frost & Sullivan is predicting that digital assistants will become an increasingly important component of automotive branding in the next five years. Digital assistants allow drivers to control various navigation, safety, and entertainment features with simple voice commands to minimize the number of distractions they face while on the road. They also provide an opportunity…

Grand View Forecasts $344.1 Billion Automotive Financing Market

Grand View Forecasts $344.1 Billion Automotive Financing Market

Grand View Research has released a new report that predicts that the international automotive finance market will climb to $344.1 billion by 2026. However, the impressive figure does not necessarily represent astronomical growth, and corresponds to a modest CAGR of 6.7 percent. The automotive finance market covers the ecosystem of financial providers that allow everyday consumers…

Report Forecasts Major Growth in Global Natural Language Processing Market

Report Forecasts Major Growth in Global Natural Language Processing Market

Fortune Business Insights (FBI) has released a new report that predicts that the global market for Natural Language Processing (NLP) technology will reach $80.68 billion by 2026. That number reflects a CAGR of 32.4 percent, based on a 2018 market valuation of $8.61 billion. FBI credits the anticipated growth to big data, and the need to…

GSMA Predicts China will Outpace US in 5G Adoption

GSMA Predicts China will Outpace US in 5G Adoption

The GSMA is taking a look at the future prospects for smartphones and other 5G devices with a new report that was released during CES. The report seeks to give tech providers a better sense of the global landscape ahead of the impending launch of commercial 5G networks. In the report – appropriately titled The…

Ericsson Report Anticipates Rise of Multisensory Digital Experiences

Ericsson Report Anticipates Rise of Multisensory Digital Experiences

Ericsson is anticipating the rise of multisensory digital experiences after releasing its latest ConsumerLab Hot Consumer Trends report. The report is based on the responses of 46 million early tech adopters, who predict that an Internet of Senses will formally take shape by 2030. That Internet of Senses will take advantage of technologies like 5G,…

GDPR and CCPA Will Force Companies to Meet Stringent ID Requirements: Deloitte

GDPR and CCPA Will Force Companies to Meet Stringent ID Requirements: Deloitte

Deloitte is trying to raise awareness about digital identity best practices while simultaneously calling attention to some of the main challenges facing businesses and other large organizations. The company notes that many organizations are still utilizing out of date legacy technology, and that those organizations will need to overcome institutional inertia in order to protect…

Biometric Tech Will Help to Drive Mobile Payments Market: Report

Biometric Tech Will Help to Drive Mobile Payments Market: Report

A new report from Juniper Research suggests that biometric technology will revolutionize the mobile payments industry over the next few years. The firm predicts that consumers will use biometric authentication to conduct $2.5 trillion in payment transactions on mobile devices by 2024. That number represents a massive 1,000 percent increase over the comparable $228 billion…

AMR Forecasts Booming Enterprise AI Market

AMR Forecasts Booming Enterprise AI Market

Allied Market Research (AMR) has released a new report that suggests that the enterprise Artificial Intelligence market will grow at an astronomical rate for the next few years. The value of the market will climb from $4.68 billion in 2018 to $53.06 billion by 2026, displaying a phenomenal CAGR of 35.4 percent throughout a forecast period…

VynZ Forecasts $16.2 Billion Market for Conversational AI

VynZ Forecasts $16.2 Billion Market for Conversational AI

A new report from VynZ Research predicts that the market for conversational AI tech will climb to $16.2 billion between 2019 and 2024. That figure represents a CAGR of 29.2 percent for the time period in question. Conversational AI can be used for a wide range of purposes, including onboarding and customer support, though VynZ…

GSMA Details Growth of Mobile Economy in MENA Region

GSMA Details Growth of Mobile Economy in MENA Region

The GSMA has released a pair of reports that detail the ways in which mobile and IoT technologies have been a boon for countries in the Middle East and North Africa (MENA). The two reports – The Mobile Economy: Middle East and North Africa 2019 and Realising the potential of IoT in MENA – were released during…

Nuance Listed as Top Vendor in Opus Research Guide

Nuance Listed as Top Vendor in Opus Research Guide

For the third consecutive year, Opus Research has listed Nuance Communications as its highest-rated vendor in the Enterprise Intelligent Assistants (EIA) Decision Makers’ Guide. The Guide provides businesses with detailed evaluations about a number different virtual assistants, with top marks going to those that promote openness and are compatible with multiple proprietary and third party…

Frost & Sullivan Predicts “Servistization” Trend to Force Traditional Vendors to Adapt

Frost & Sullivan Predicts “Servistization” Trend to Force Traditional Vendors to Adapt

A new report from Frost & Sullivan is calling attention to the growing popularity of as-a-service business solutions. The research firm notes that as-a-service models – which can cover everything from biometrics to infrastructure to identity management – are often more affordable and more convenient than fully packaged, non-service-based alternatives. In that regard, as-a-service solutions…

NTT Forecasts Rise of Smart Cities in Future Disrupted Report

NTT Forecasts Rise of Smart Cities in Future Disrupted Report

NTT Ltd. has released a Future Disrupted: 2020 report to highlight some of the latest trends that tech companies should be aware of entering the next year. In particular, NTT predicts that 2020 will be a banner year for smart cities and other connected environments, with data, IoT, and automation advances enabling the creation of…

Grand View Forecasts $132.5 Billion Digital Payments Market

Grand View Forecasts $132.5 Billion Digital Payments Market

A new report from Grand View Research predicts that the international digital payments market will climb to $132.5 billion between 2019 and 2025. The number represents an astounding CAGR of 17.6 percent during the time period in question. The research firm attributes much of that growth to rapid technology improvements and the increasing prevalence of…

Ericsson Report Highlights Importance of AI in Consumer IoT Tech

Ericsson Report Highlights Importance of AI in Consumer IoT Tech

Ericsson has released a new report that suggests that tech providers will need to leverage AI and automation to improve the customer experience on IoT devices. The company also argues that technology alone will not be enough to remain competitive in the upcoming 5G landscape. The communications service providers that succeed will need to make…

Speech-to-Text API Market to Reach $4.1 Billion by 2024

Speech-to-Text API Market to Reach $4.1 Billion by 2024

According to a new report published by MarketsandMarkets, the global Speech-to-Text Application Program Interface (API) market is set to grow from $1.6 billion in 2019 to $4.1 billion by 2024, with a Compound Annual Growth Rate (CAGR) of 20.6% during the forecasted period. Some major factors fueling this growth have been the growing use of…

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