industry trends

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…

170,000 Guests Saw More than 20,000 New Products at CES 2020

170,000 Guests Saw More than 20,000 New Products at CES 2020

CES 2020 is officially in the books, and the organizers are wrapping up the event with a look back at some of the major highlights. This year, the 4,400+ exhibitors in Las Vegas launched more than 20,000 new products, which were viewed by approximately 170,000 attendees.   Much of the attention went towards traditional tech…

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,…

BIS Forecasts Major Growth in Decentralized Identity Market

BIS Forecasts Major Growth in Decentralized Identity Market

BIS Research has released a new report that suggests that the rising demand for decentralized identity (DID) solutions will lead to major gains in the global DID market. The research firm specifically believes that DID tech will gain traction as people and institutions try to address the privacy concerns inherent in many of the identity…

Juniper Details Rise of Contactless POS Technology

Juniper Details Rise of Contactless POS Technology

Juniper Research has released a new report that predicts that there will be more than 161 million contactless Point-of-Sale (POS) terminals in use by 2024, more than doubling the total number of such terminals in 2019. There are currently around 78 million contactless POS terminals in circulation. POS terminals without contactless capabilities will be rapidly…

AMR Forecasts $126 Billion Analytics-as-a-Service Market

AMR Forecasts $126 Billion Analytics-as-a-Service Market

A new report from Allied Market Research (AMR) suggests that corporate intelligence will be more valuable than ever heading into the next decade. The research firm specifically predicts that the Analytics as a Service market will reach $126.48 billion by 2026. That figure represents an astounding CAGR of 38.1 percent for the years between 2019 and…

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