Field-Programmable Gate Arrays (FPGAs) integrated within system-on-chip designs are witnessing increased adoption, highlighting a trend towards sophisticated, adaptable hardware. This hardware reprogrammability unlocks higher performance and efficiency, specifically in relation to data flow and real-time processing. Moreover, thanks to technological progress, it is now possible to have lower power consumption...
Discover more insightsIncorporation of advanced technology in our daily lives is an evolving process. One such innovation is the application of biometric recognition in payment technology. Face recognition payment technology, popularly known as face-swiping payment', is gaining robust attention because it eliminates the need for physical payment instruments, thereby augmenting convenience for...
Discover more insightsThe payment gateway market has been on an upward trajectory, driven by the digitisation of transactions globally. Enhanced security systems, faster processing times, and on-the-go transactions have been key in supporting this growth. However, the market is not without its challenges, including rigid regulatory norms and high setup costs, which...
Discover more insightsThe payment terminal environment is characterized by rapid shifts, brought forth by advances in technology and changes in consumer behavior. A dominated trend is the shift towards digital and contactless payments, largely propelled by the COVID-19 pandemic. This rise in card-based and mobile-based payment methods is dictating the need for...
Discover more insightsA growing trend within the global financial technology sector, the notion of Payment Orchestration Platforms (POPs) cannot be overlooked. The increasing need for seamless, digital payment experiences drives its popularity among businesses. Notable trends include a surge in cross-border digital transactions, increased mobile payments, and a rise in demand for...
Discover more insightsPayment security, a critical component of the modern financial ecosystem, faces a host of global challenges. Cyber threats have proliferated in tandem with the digitization of transactions, posing inherent risks such as data breaches, phishing, and identity theft. The magnitude of these threats varies across different sectors, bringing into focus...
Discover more insightsKey changes in the arena of recurring payment and invoice administration focus increasingly on customer-centric solutions. Companies are revamping their systems to provide a seamless experience that caters to customer's specific needs. With the advent of artificial intelligence (AI) and machine learning (ML), businesses are better positioned in proactive problem-solving,...
Discover more insightsIn response to burgeoning cyber threats and escalating data breaches, industries globally have recognized the necessities of robust data protection, making the Digital Vault market a pivotal focus. These vaults offer secure storage and management of digital assets, typically comprising passwords, credentials, and other sensitive information. The market, thus, represents...
Discover more insightsAmid a broader shift toward digitalization and cloud services, secure digital storage is witnessing the rise of significant trends. The global pandemic has underlined the importance of reliable, easily accessible digital safekeeping for sensitive data, which benefits remote work and digital business transformations. Moreover, the consistent evolution of cyber threats...
Discover more insightsIn the rapidly evolving fintech area, the adoption of payment deferral solutions has exhibited significant growth. These alternative payment models, inviting consumers to purchase merchandise instantly and pay over time, are disrupting conventional payment systems. Propelled by the seamless digital interface, consumer-friendly setup, and rapid approval processes, these solutions are...
Discover more insightsThe global billing market in the telecommunications sector has undergone several paradigm shifts in the recent decades, driven by rapidly evolving technologies and changing customer expectations. Traditionally siloed structures have given way to integrated or convergent billing systems, a transformative trend substantiated by the relentless digitization of service offerings. Emergence...
Discover more insightsThe global gift card market is undergoing considerable change, a positive transformation driven by technological evolution and changing consumer preferences. A notable trend is the shift toward e-gift cards, which can be personalized and delivered instantly, thereby increasing their appeal to consumers. Mobile-based and digital gift cards are also gaining...
Discover more insightsThe surge in the utilization of person-to-person (P2P) payment services is primarily attributed to the increasing penetration of high-speed internet and the widespread adoption of smartphones globally. The ease of transaction, real-time payment convenience, and minimal service fees are other compelling factors that have spurred the popularity of these services....
Discover more insightsThe embedded multimedia card (eMMC) domain is witnessing noticeable growth, primarily due to factors such as data proliferation and the need for efficient data storage solutions. It is essentially an established and standardized storage medium that caters to high-performance requirements in sectors such as automotive, smartphones, and digital cameras. The...
Discover more insightsOver the past couple of decades, advancements in technology have fundamentally redefined the banking landscape, ushering in a paradigm shift in ATM operations. In an increasingly digitized world, ease of access and instant gratification have permeated the banking atmosphere, leading to the introduction of real-time, cardless ATM transactions. This innovation...
Discover more insightsThe Automated Teller Machine industry is undergoing a dynamic evolution driven by rapid advancements in technology. Key trends, chiefly digitalization and automation, have broadened the potential use of ATMs beyond just cash withdrawals. ATMs now offer services including money transfers, bill payment, and mobile top-ups. Innovative attributes like biometric authentication...
Discover more insightsThe advent of real-time payment transactions has spelled a significant transformation in the financial technology landscape. This shift towards instantaneous money transfers has effectively circumvented traditional banking lag times and transaction processing periods, bringing about increased efficiency and convenience for customers. Furthermore, this evolution has had ripple effects across diverse...
Discover more insightsThe Virtual Desktop Infrastructure (VDI) segment has successfully established a significant footprint in the IT ecosystem. Growing cyber security concerns and the increasing need for remote access to desktop environments have catalyzed VDI's market penetration. More businesses are opting for VDI solutions due to their cost-effectiveness, ease of management and...
Discover more insightsConsumer financing has witnessed a remarkable evolution over the years. Traditional models centered on bank loans and credit cards have gradually given way to innovative alternatives. Notable among these is deferred payment service, a method involving instant financing for consumer purchases, with repayment typically spread over a timeline. This new...
Discover more insightsRapid digitalization, burgeoning eCommerce, and the increasing acceptance of cashless transactions have transformed the financial transaction landscape. This evolution has been further accelerated due to global disruptions like the COVID-19 pandemic, which compelled consumers to adapt to contactless payment methods. Consumers globally are demonstrating increasing comfort and confidence in digital...
Discover more insightsThe global market for stationery and cards is witnessing a phase of expansion underpinned by several macro and micro-economic factors. Predominantly, the surge in educational and corporate sectors, personal usage coupled with urbanization, and improve in living standards are fueling the demand for stationery and cards directly. Concurrently, the growth...
Discover more insightsThe decentralization, borderless transactions, and relative anonymity offered by cryptocurrency assets have attracted significant interest from investors globally. Nonetheless, there exists an immense untapped potential in cryptocurrency asset management, underutilized due to the complex nature of the market's regulatory landscape and underlying technology. Primarily, the automation of portfolio tracking and...
Discover more insightsThe global payments arena is a robust and complex market, with its overall size estimated to be in the trillions of dollars annually. This vastness is due, in part, to the diverse range of types of payments, including cash, cheques, credit/debit card transactions, bank transfers, and the rapidly evolving digital...
Discover more insightsAdvancements in technology and the increased acceptance of digital payment methods are boosting the demand for real-time payment options. The proliferation of mobile banking, digital wallets and P2P transactions, combined with evolving consumer expectations for instant and seamless payments, are fundamental trends shaping this monetary arena. Regulatory push in regions...
Discover more insightsIn the evolving economic landscape, emerging trends indicate heightened consumer preference for prepaid spending mechanisms. Gift cards, digital or physical, hold significant weight in this segment, providing a flexible option for transactional or promotional operations. Their global acceptance has been emboldened by the increased digitization of commerce, offering a ready...
Discover more insightsThe worldwide growth in mobile payments is driven by the ongoing digital revolution. Rapid technological advancements, alongside increased smartphone penetration and internet accessibility, have moved financial transactions from traditional methods to digital platforms. Adoption rates are particularly high in regions with a pronounced shift towards cashless societies, such as Scandinavia...
Discover more insightsA significant shift is underway in the global point-of-sale (POS) systems landscape. Increasing digitization, cross-border trade, and the need for robust cybersecurity measures are influencing countries to enhance their payment infrastructures. The ability to conduct contactless transactions, through NFC-enabled cards or mobile wallets, is becoming a universal expectation. In developing...
Discover more insightsWireless to the x (WTTx) technologies have seen significant advancements in recent years, leading to a growing and diverse market. Components such as transmission technology, device compatibility, and the varying capabilities of access points come into play in shaping the WTTx market. Differences in these components can affect not only...
Discover more insightsGiven the proliferation of digital transactions, the payment security domain is continually evolving to counter burgeoning online threats. Trends are primarily influenced by advancements in technology, like biometrics and tokenization, customer convenience and regulatory mandates to protect consumers financial data. Cybersecurity concerns are also a significant factor propelling the payment...
Discover more insightsVirtual desktop infrastructure (VDI) is experiencing an uptick in popularity, creating changes in the global marketplace. Several factors are impacting this trend. Businesses are adopting VDI solutions for their ability to offer secure, remote access to applications and data. Aside from promoting workflow efficiency, VDI's capacity for lowering IT costs...
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