News about Forecast.
June 30th, 2015
Global NFC-enabled smartphone sales will grow more than 55% year over year in 2015, research from Strategy Analytics has found. “The growth rate is far above overall smartphone growth rate of 16% in 2015,” it says. “Asia Pacific remains the largest market for NFC smartphones, while North America has the highest NFC smartphone penetration until 2020.”
June 30th, 2015
Shipments of NFC-enabled handsets will increase to 756m in 2015, up from 444m last year, rising to 2.2bn by 2020, IHS Technology has forecast. The research firm adds NFC is “finally coming of age and…
June 30th, 2015
The global market for mobile wallets will reach US$2.7tn by 2020, “driven by the proliferation of smartphones, tablets, mobile internet, strong governmental support for cashless transactions and the convenience offered by mobile payments,” Global Industry Analysts says. “Asia Pacific represents the largest market, with a CAGR of 33% over the analysis period,” it adds. “The retail sector represents the largest end-use for mobile wallets.”
June 15th, 2015
PARTNER NEWS: The prevalence of EMV in the UK, lower interchange fees and the existing contactless infrastructure will lead to faster adoption of Apple Pay in the UK than in the US, Gemalto’s Rémi de Fouchier forecasts. “We’re predicting that the number of users in the UK after six months will be comparable to the number of users the US had after a year. The UK should also have a better percentage of usage.”
June 2nd, 2015
More than 1bn consumers globally will be accessing banking services through biometric systems by 2017 and biometrics will become the predominant method of identification for accessing bank services by 2020, Goode Intelligence predicts. “We are forecasting that by 2020, it will contribute US$5.5bn in revenue for companies involved in delivering biometric systems to the banking industry,” the company adds.
May 27th, 2015
May 22nd, 2015
The total number of cash payments made by consumers, businesses and financial organisations in the UK fell to 48% last year, marking the first time that non-cash payments have exceeded those made with cash, the Payments Council reports. Some 52% of consumers continued to use cash for more than half of their transactions in 2014, however, and “there is no prediction for cash to disappear”.
May 22nd, 2015
Some 44% of UK consumers are prepared to switch bank accounts to access mobile payments if their current bank is unable or has no plans to offer the service, while a third (33%) of these consumers…
May 19th, 2015
Apple Pay will generate revenues of US$263m this year and that figure will increase to $3.3bn by the end of 2017, billionaire investor Carl Icahn has forecast. In an open letter to Apple CEO Tim…
May 15th, 2015
US mobile proximity payments will rise to US$487bn gross dollar volume (GDV) by 2020, up from $7.5bn GDV this year, Aite Group forecasts. “While mobile proximity payments will grow quickly as NFC distribution becomes universal and customers begin to use the platforms,” says author Thad Peterson, “mobile commerce will drive more transaction volume than mobile proximity payments in the next five years.”
May 15th, 2015
The global biometrics market will increase from US$2bn in 2015 to $14.9bn by 2024, with cumulative revenue for the 10-year period reaching $67.8bn, market intelligence firm Tractica forecasts. “Biometric modalities that are likely to generate the most revenue include fingerprint, iris image and voice recognition,” the company says. “Key use cases include consumer device authentication, mobile banking, ATMs, government IT systems, POS transactions, pharmacy dispensing and wearable device authentication.”
May 11th, 2015
Mobile proximity payments — those made by consumers at the physical point of sale using a mobile device — in the US will total US$54bn by 2019, Javelin Strategy and Research has projected. Today, mobile proximity payments make up 1% of all retail transactions says Javelin, with almost one in six iOS smartphone owners making a proximity purchase within a 30 day period, nearly double the rate of Android smartphone owners.
May 1st, 2015
EMV payments on plastic cards won’t achieve broad adoption in the US until 2020, Forrester Research predicts, due to the rise of “more secure” mobile and contactless payment alternatives. “Forrester expects that more secure, encrypted and tokenized transactions on digital wallets, mobile device-based NFC virtual cards and EMV contactless payments will prove strong competitors to plastic EMV chip and signature and chip and PIN payments in the US,” the company says.
April 17th, 2015
More than one in two digital tickets will be bought using a mobile handset by 2019, Juniper Research has forecast. Global ticket purchases via mobile and desktop devices, including smartphones, tablets and PCs, will reach 32bn in the same period, up from an estimated 16.2bn this year. Findings also reveal that one in three airline boarding passes will be issued via mobile devices by the same year.
February 24th, 2015
An estimated 9.5m NFC-ready point-of-sale (POS) terminals were shipped worldwide in 2014, research from Berg Insight has revealed, and the company forecasts that the global installed base of NFC-ready POS terminals will grow at a…
February 19th, 2015
About 59% of US point-of-sale (POS) terminals will be EMV-enabled by the end of this year, research by Aite Group has revealed, with NFC distribution projected to “ramp at the same rate as EMV distribution,”…
January 14th, 2015
In-store mobile payments will increase by more than 1,000% worldwide this year with 5% of the world’s smartphones being used to make a payment in a store at least once a month, up from under…
December 3rd, 2014
Mobile phone and tablet users will be making 195bn mobile transactions a year by 2019, up from 72bn this year, Juniper Research forecasts. “Highest growth rates are expected in the NFC sector,” the company says, where “usage is expected to be buoyed by the launch of Apple Pay together with a host of anticipated deployments by banks using solutions based on HCE technology.”
November 19th, 2014
US mobile payments volumes will grow from $52bn in 2014 to $142bn by 2019, according to a new forecast from Forrester. However, that number will be “just a drop in the ocean of total US consumer spending,” ComputerWorld reports, representing just 1% of the total US$16trillion consumer payments market.
November 5th, 2014
A total of 8bn secure elements will be shipped this year, with SIM cards accounting for 5.1bn of the total, according to new statistics released by smart security industry association Eurosmart, with the total rising to 12bn in 2020. NFC-enabled SIM cards and embedded secure elements will account for 350m of the total in 2014 and that number will almost double to 600m in 2015, Eurosmart adds.