Washington, New Jersey: The United States is the most mature market in the ICT industry. However, due to the existence of major multinational companies, continuous innovation and consumer demand for advanced technology, the country’s industry is expected to show steady growth. In addition, the emergence of V2V communication and 5G technology in the country is expected to provide major space for growth in the next few years. Cost savings through the emergence of these technologies is the main benefit.
Recently released an information study on the point of sale (Pos) receipt printer market for 2020-2027. This database is used in the global information reporting database to help by drawing business conclusions and shaping the future of the organization.
Due to the increase in connectivity in every industrial sector, the demand for faster Internet speeds has led to the development of 3G and 4G connectivity. However, operators in the telecommunications industry are planning to develop 5G connections with theoretical wireless download speeds of 10k Mbps, greater bandwidth, and the ability to run complex Internet applications (such as VR/AR applications). Industry players such as Nokia, Samsung, Qualcomm, BT and Ericsson have made significant progress in this area. For example, in June 2017, Keysight and Qualcomm Technologies Inc. cooperated to develop 5G test solutions.
The development of this technology will help the Internet of Things gain important use through its lower latency, higher universality and increased consumer availability. However, in the next few years, the high cost of this technology may become a considerable obstacle to growth.
IBM, Microsoft, SAP, Oracle, Cisco, Apple, Samsung, Google, HP, Accenture, and Amazon all top the industry. The development of the industry is driven by the joint development of innovative products and technologies by major players. R&D and product launches are also expected to strengthen the company’s position in the global industry. The player’s mergers and acquisitions and the goal is to integrate forward, and business expansion is also expected to strengthen its position in the industry. For example, AT&T signed a definitive agreement in October 2016 to acquire Time Warner for $85 billion. This helps the company gain a foothold in the media and communications market.
Different types of cloud products include software as a service (SaaS), infrastructure as a service (IaaS) and platform as a service (PaaS). SaaS is the preferred form of cloud computing. Enterprises are increasingly adopting hybrid cloud models and have contributed to the development of the industry. In addition to the multiple benefits provided by these solutions, the industry is expected to always face challenges such as data security threats, limited user control, and interoperability issues that may arise when migrating from one supplier to another.
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MasterCard and Pine Labs will expand the “Pay Later” installment solution to five Southeast Asian markets in early 2021
According to research by Coherent Market Insights, the global “Pay Later” market is expected to grow from US$7.3 billion in 2019 to US$33.6 billion in 2027, an annual growth rate of more than 21%. The Market Intelligence and Advisory Group regards the Asia-Pacific region as the fastest growing region.
The North American region accounted for the largest share of the global immediate purchase and post-paid platform market in 2019, accounting for 43.7% by value.
The major players currently operating on the global post-purchase payment platform include Afterpay, Zippay, VISA, Sezzle, Affirm, Paypal, Splitit, Latitude Financial Services, Klarna, Humm and Openpay.
The substantial benefits provided by the BNPL platform are expected to drive the growth of the platform market after “Buy Now, Pay Now” during the forecast period.
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Post time: Jan-15-2021