North America is the largest region for wearable medical devices. It’s expected to reach $13.2 billion in revenue by 2023. The Asia-Pacific region’s unmet need for healthcare technology and the growing geriatric population give it the greatest potential for growth.
via BCC Research
“Retailers have more work to do on their apps to inspire omnichannel shopping. In 2019, smartphones will influence 32.2% of U.S. offline retail sales. With more than $1 trillion on the line, we selected nine top U.S. retailers to see what kind of digital experience they bring to the table online and in-store.”
Fintech has discovered SMB banking. “Small and medium-sized businesses are crucial sources of revenues and profits at most banking providers, so the prospect of bank brands losing their relevance among SMEs should keep bankers awake at night.”
“Most community banking providers can’t match the digital sophistication of megabanks. But River Valley Bank and it’s aptly named ‘IncredibleBank’ online unit prove that small fish can swim with the sharks. Here’s how this community bank manages to innovate and thrive without selling its soul.”
According to the latest market study by Berg Insight, the market for consumer GPS pet trackers and services in Europe and North America is forecast to grow from € 60 million in 2017 to reach about € 340 million in 2022.
“We expect the market for usage-based insurance (UBI) to grow substantially at a CAGR of ~40 percent during 2018-2020, with an estimated 35-40 million UBI policies in force by the end of 2020. This is certainly impressive growth.”
via Everest Group
According to the latest worldwide market study by Juniper Research, 775 million consumer vehicles will be connected via telematics or by in-vehicle apps by 2023, rising from 330 million vehicles in 2018. This is an average annual growth of 18.7 percent over the next 5 years.