How a $1.3 Billion Institution Launched a Digital Bank
“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.”
GPS and Internet of Things Enable New Tracking Apps
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.
Telematics in Insurance Creates Upside Opportunity
“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
Connected Cars Drive Mobile eCommerce Applications
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.
Internet of Things will Enhance Retail ERP Solutions
According to the latest market study by Juniper Research, revenues generated by the Internet of Things (IoT) and retail platforms will exceed $4.3 billion by 2023 — that’s up from an estimated $890 million in 2018.
Mobility Solutions Revenue will Reach $1.8 Trillion in 2022
Advances in both the consumer and business technology sectors have driven the adoption of mobile internet access and associated service delivery. Applications of mobile devices — by customers, business partners, or employees — delivers unprecedented access to information, improved collaboration, and increased productivity.
Evolution of the Mobile Telecom Service Business Model
Mobile communication service providers across the globe have been eager to uncover new sources of subscriber revenue as over-the-top (OTT) apps continue to disrupt their traditional business model offering voice calling and text messaging.
How AI will Advance Mobile Messaging App Evolution
A recent worldwide market study by Juniper Research found that revenues from Rich Communication Services (RCS) messaging will exceed $9 billion by 2022 — that’s up from an estimated $126 million in 2018. RCS, backed by Google, supports rich media content including video sharing and file transfers.
Android Auto and Apple CarPlay Increased Adoption
Smartphone mirroring solutions, such as Android Auto and Apple CarPlay, have become key features in hundreds of car models in 2018. Mainstream automotive OEMs, such as Ford, GM, Groupe PSA, Honda and Volkswagen, have the highest percentage of new vehicles sold with the capability, either as a standard or optional feature.
via Canalys
U.S. Digital User Focused on Activities, Not Devices
With smartphone adoption slowing, growth is expected to be less than 2% this year and remain low throughout the forecast period. The biggest shifts occurring among the U.S. digital audience are no longer device-related, but rather, based on activities.
via eMarketer
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