industry trends

Mastercard Reports $53B Spike in e-Sales During COVID-19

Mastercard Reports $53B Spike in e-Sales During COVID-19

Mastercard SpendingPulse has released a new report that measures the extraordinary economic impact of COVID-19. Online retailers enjoyed a massive boost in that regard, with stay-at-home and social distancing orders leading to a $53 billion increase in e-commerce spending in the U.S. since they went into effect in April and May. The report is part…

Jumio Finds Age-Restricted Sites Use Inadequate Verification Technology

Jumio Finds Age-Restricted Sites Use Inadequate Verification Technology

Jumio has released a new report that suggests that age-restricted websites in the UK have have been a bit lax when enforcing those age restrictions. The report found that more than half (54 percent) of the country’s sites had failed to stop minors from gaining access to their age-restricted products and services, despite the fact…

ABI Predicts COVID-19 will Lead to More Contactless Payment Cards

ABI Predicts COVID-19 will Lead to More Contactless Payment Cards

ABI Research is predicting that COVID-19 will accelerate the adoption of contactless payment cards. The firm now believes the number of cards issued in 2020 will exceed initial estimates by more than 110 million cards, a figure that will bring the total number of contactless payment cards in circulation to more than 2 billion internationally. …

Mastercard Survey Finds COVID-19 is Accelerating Contactless Payments

Mastercard Survey Finds COVID-19 is Accelerating Contactless Payments

Mastercard has released the results of a global survey that suggests that the COVID-19 pandemic is accelerating the adoption of contactless payments. An astonishing 79 percent of the respondents confirmed that they are now using contactless payments, with many citing safety as their primary motivation for doing so. To that end, 82 percent of the…

Global Biometric Sensor Market to Reach $1.92 Billion by 2025: Report

Global Biometric Sensor Market to Reach $1.92 Billion by 2025: Report

Allied Market Research is doubling down on its previous prediction that the global biometric sensor market will reach $1.92 billion by 2025. That figure represents a CAGR of 9.3 percent, based on a 2017 market valuation of $944 million. The Allied report attributes much of that growth to the rising demand for reliable security and identity products,…

ABI Predicts COVID-19 Will Slow Smartphone Production and 5G Adoption Rates

ABI Predicts COVID-19 Will Slow Smartphone Production and 5G Adoption Rates

ABI Research is predicting that global smartphone production could drop as much as 30 percent in the first half of the year due to the COVID-19 pandemic. The downturn largely reflects the considerable disruption to production lines and supply chains in China, which was the first country to be hit by the coronavirus. China also…

GSMA: Mobile Money Industry Processed $2 Billion in Daily Transactions in 2019

GSMA: Mobile Money Industry Processed $2 Billion in Daily Transactions in 2019

The GSMA has released its annual report on the state of the mobile money industry. The report found that there are now more than one billion registered mobile money accounts worldwide, and that the industry as a whole processed roughly $2 billion in transactions every day in 2019. The number of active accounts is only…

GSMA Looks Beyond COVID-19 with 125% MWC Credit Offer

GSMA Looks Beyond COVID-19 with 125% MWC Credit Offer

“In announcing the offers, the GSMA maintained that it stands by the decision to cancel this year’s MWC Barcelona, asserting that it was ‘the only option at the time, as has been made clear by subsequent events.’” Having cancelled this year’s Mobile World Congress Barcelona over coronavirus concerns, the GSMA is already looking to next…

GSMA Reports Lay Out China’s 5G Evolution

GSMA Reports Lay Out China’s 5G Evolution

The GSMA has published a series of reports on the development of mobile technology in China, which collectively suggest that the country is likely to remain at the forefront of the 5G movement for the foreseeable future. The reports were published as part of the ‘GSMA China Week’ program, which is taking place online due…

Aging Population Expected to Drive Booming Home Healthcare Market

Aging Population Expected to Drive Booming Home Healthcare Market

A new report suggests that the home healthcare market will climb to $515.6 billion by 2027. The prediction comes courtesy of Grand View Research, and represents a CAGR of 7.9 percent for the entire forecast period. According to Grand View, the world’s aging population will account for much of that growth. The elderly population is expected…

GSMA and GTI Offer Policy Recommendations for 5G Development

GSMA and GTI Offer Policy Recommendations for 5G Development

The GSMA and GTI have published a new white paper that argues that governments need to craft more supportive policies to foster the development of large-scale 5G networks. To that end, the paper specifically asks legislators to work with mobile operators to overcome the infrastructural and investment challenges they are likely to face.  “Governments are…

Transparency Predicts Smart Locks will Drive $81 Billion Home Security Market

Transparency Predicts Smart Locks will Drive $81 Billion Home Security Market

Transparency Market Research has released a new report that predicts that the home security market will quadruple in the next few years, climbing from $17.8 billion in 2019 to $81 billion in 2027. Those figures represent an astronomical CAGR of approximately 21 percent. The research firm attributes much of that growth to the increasing availability…

New VIAVI Report Highlights Astonishing Growth of Global 5G Infrastructure

New VIAVI Report Highlights Astonishing Growth of Global 5G Infrastructure

VIAVI has published a new report on the current state of 5G. The report indicates that 5G networks have now been deployed in 378 cities spread across 34 different countries around the globe. According to VIAVI, South Korea has been the most enthusiastic adopter of 5G, with networks now active in 85 cities across the…

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…

NTT DOCOMO Looks Ahead to 2030 with New 6G White Paper

NTT DOCOMO Looks Ahead to 2030 with New 6G White Paper

Commercial 5G networks are still in their nascent stages, but NTT DOCOMO is already looking ahead to the next evolution of mobile technology. The company has released a new white paper that details the concepts and use cases for commercial 6G networks, which it expects to introduce ahead of 2030. According to the white paper,…

Ericsson Pushes eSIM Tech with Launch of New Automated Solution

Ericsson Pushes eSIM Tech with Launch of New Automated Solution

Ericsson is hoping to eliminate the need for physical SIM cards through the introduction of an automated eSIM solution that will allow service providers to deliver and manage user profiles remotely. According to Ericsson, the new solution should improve the overall mobile experience for everyday consumers. That conclusion was based on a consumer survey that…

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…

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