IDC FutureScape Figure
Executive Summary
IDC FutureScape Predictions
Summary of External Drivers
Predictions: Impact on Technology Buyers
Prediction 1: By 2024, 45% of Cross-Border Bank Payments Will Use the ISO 20022 Standard Messaging Framework
Associated Drivers
IT Impact
Business Impact
Guidance
Prediction 2: By 2023, 50% of All Bank Payments Will Use AI/ML to Continuously Optimize Payment Messaging and Routing for Cost and Efficiency
Associated Drivers
IT Impact
Business Impact
Guidance
Prediction 3: By 2025, 50% of B2B Payments Will Shift to Electronic Channels, Driven by Real-Time Payments
Associated Drivers
IT Impact
Business Impact
Guidance
Prediction 4: By 2024, 60% of Companies Doing Business Internationally Will Accept Five or More Local Payment Methods to Smooth Cross-Border Transactions, Impacting the Market for Card Payments in Both B2B and C2B
Associated Drivers
IT Impact
Business Impact
Guidance
Prediction 5: By 2024, Over 40% of All B2C eCommerce Payments Will Be Processed by a Payments Facilitator, Driven by Increased Popularity of eCommerce and Hosted (SaaS) Commerce Platforms
Associated Drivers
IT Impact
Guidance
Prediction 6: By 2023, Cross-Border Remittance Networks Built on Blockchain Will Develop Along Specific Geographic Corridors and Carry More Than $45 Billion
Associated Drivers
IT Impact
Business Impact
Guidance
Prediction 7: By 2024, 85% of Retailers Will Offer at Least Two Different Contactless Payment Options, Driving Conversion and Customer Retention Rates by 40% and 30%, Respectively
Associated Drivers
IT Impact
Guidance
Prediction 8: By 2021, 50% of Tier 1 Corporate Banks Will Build an Overlay Services Portfolio Leveraging Real-Time Payments, Led by Request to Pay, Conditional Payments, Escrow Services, and Reconciliation
Associated Drivers
IT Impact
Business Impact
Guidance
Prediction 9: By 2023, 60% of Banks, Worldwide, Will Have Real-Time Fraud and AML Risk Screening Capabilities for Peer-to-Peer and Person-to-Business Instant Payments
Associated Drivers
IT Impact
Business Impact
Guidance
Prediction 10: By 2023, 60% of Businesses Will Rely on Digital B2B Payment Providers to Optimize for Speed, Reduced Terms, and Financing, and to Streamline Cross-Border Access, Bypassing Banks and Legacy Payment Schemes
Associated Drivers
IT Impact
Guidance
Advice for Technology Buyers
External Drivers: Detail
Accelerated Disruption -- Crisis, Resilience, and Opportunity
Description
Context
Strategic Innovation -- Shaping the Future Enterprise Today
Description
Context
The Next Normal -- Resilient Business and Operating Models
Description
Context
Intelligence Everywhere -- Data Drives Action
Description
Context
Rethinking Globalization -- Disruptions Challenge Resilience
Description
Context
Digital Platform -- Ecosystems at Scale
Description
Context
Crisis of Trust -- Meeting Rising Expectations
Description
Context
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