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How Fintech is Driving the Digital Banking Services Market

fintech mobile banking market research

While many people now prefer digital banking and online channels, a sizable group still prefer an in-branch experience — particularly when compared with a call to the bank’s customer service center. While this continued to be the case in the past 12 months, it will change as more banks utilize multiple channels.

Source: Digital Lifescapes

IT Security Spending will Reach $101.6 Billion in 2020

IT security market research

IT security issues continue to be top-of-mind for many enterprise organizations. Worldwide revenues for security-related hardware, software, and services will grow from $73.7 billion in 2016 to reach $101.6 billion in 2020, according to International Data Corporation (IDC).

Source: Digital Lifescapes

Ecosystems: the Next Evolution of Digital Transformation

ecosystem digital transformation market research

A new type of commercial infrastructure needs to be built that reshapes business, according to the latest market study by Gartner. Moreover, they believe that enterprise CIOs are the builders of this infrastructure, which Gartner calls the “civilization infrastructure” for the next decade.

Source: Digital Lifescapes

The New Megadigital Economy

megadigital transformation market research

“Our forecast shows that industries adopting this new infrastructure will add $1.2 trillion to $1.8 trillion to U.S. GDP from 2015 to 2025. Most of this will occur between 2020 to 2025. We estimate that the adoption of software-defined infrastructure is likely to add $907 billion to $1.4 trillion to U.S. GDP.”

Source: ONUG

Ongoing Digital Transformation Skills Gap Hampers Progress

digital transformation market research

Data analytics skills needed to create new products and services from mobile, social and information obtained from customer interactions are especially hard to find, said Andy Rowsell-Jones. Gartner released survey results from 2,598 CIOs and other executives in 93 countries.

Source: CIO Journal

Retail Spend via Mobile will Reach $2.1 Trillion by 2021

online mobile retail market research

According to Juniper Research, the integration of technologies such as bots and natural language interfaces will lead to remote goods purchases by mobile totaling $2.1 trillion by 2021. That growth represents a 100 percent increase from the anticipated spend on physical and digital goods in 2016.

Source: Digital Lifescapes

Why the Next Billion Internet Users Need Infrastructure

mobile internet market research

Today more than 4 billion people are still not online, according to the World Economic Forum. That is greater than 55% of the global population. Some, who live in poor or rural areas, lack the infrastructure.

Source: World Economic Forum