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…
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 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 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…
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…
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 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,…
Jumio has released its annual Holiday New Account Fraud Report, finding that new account fraud has doubled in the years since 2014, and increased 27.8 percent over 2018 alone. Fraud rates were generally higher in emerging markets than they were in more developed areas. For the purposes of the report, new account fraud occurs…
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…
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…
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…
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…
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…
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…
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 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…
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 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…
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…
