Juniper

A new study from Juniper Research found that the global spending by retailers on AI services will reach $12 billion by 2023, up from an estimated $3.6 billion in 2019. Juniper expects over 325,000 retailers to adopt AI technology over the period. According to the new research, AI in Retail:

Revenues from Digital Twins (a virtual representation of a connected physical product, process or service across its whole lifecycle) will reach $13 billion by 2023, according to a new study from Juniper Research. This is up from an estimated $9.8 billion in 2019, an average annual growth of 35 per

Retail spend is expected to increase by $6 trillion globally between 2018 and 2023, taking total spend to $30 trillion, with growth driven by a combination of alternative payment mechanisms (most notably wallets) and online spend. The figures are contained in a new study from Juniper Research which also identified

A new study from Juniper Research has found that the operational cost savings from using chatbots in banking will reach $7.3 billion globally by 2023, up from an estimated $209 million in 2019. This represents time saved for banks in 2023 of 862 million hours, equivalent to nearly half a

The window of opportunity in the US for mobile payment providers like Apple Pay and Google Pay is closing fast, according to new research. Despite high levels of support from retailers, only 14 per cent of US respondents currently use OEM-Pay (payment services provided by smartphone vendors) for instore purchases,

Spending on future sports technologies, including professional sports wearables, in-game monitoring and the rapidly growing eSports channel, will see annual spend reach $3.4 billion by 2023. This is up from just $700 million in 2018, posing a significant opportunity for agile start-ups and OTT players. The figures are contained in a new

Spending on IoT (Internet of Things) cybersecurity solutions is set to reach over $6 billion globally by 2023, according to a new study from Juniper Research. It highlighted rapid growth, with spending by product and service providers (in consumer markets) and end-customers (in industrial and public services markets) to rise

The cost saving of replacing customer service representatives with chatbots will be $11.5 billion annually for all businesses in the retail, healthcare and banking sectors by 2023, according to research from Juniper. Retail will lead the chatbot push with Juniper estimating that by 2023 over 70 per cent of the

The increasing adoption of in-flight entertainment and connectivity systems by airlines and private aircraft operators will drive annual service revenues from an estimated $3.7 billion in 2018 to over $8.4 billion by 2023. The figures are contained in a new study by Juniper Research. Sign up for Which-50’s Irregular Insights

A new report from Juniper Research has found that the number of enterprise MR (Mixed Reality) applications will approach 40 million by 2022, rising from just 6.5 million in 2018; representing a growth of over 500 per cent. MR applications display overlaid digital objects that co-exist with the physical world,