Juniper Research

The total transaction value of the MFS (Mobile Financial Services) market will exceed $1 trillion by 2024; rising from $580 billion in 2019. This is a growth of 70 per cent. The figures are contained in a new study from Juniper Research. The research identified a range of untapped opportunities

Compliance, regulation

Insurers will spend $634 million on RPA (Robotic Process Automation) solutions by 2024, rising from $184 million in 2019; a 245 per cent increase over the next five years, according to new data from Juniper Research. According to the research, Regtech: Cost Savings, Technological Impact & Vendor Analysis 2019-2024, global

The cost of data breaches will rise from $3 trillion each year to over $5 trillion in 2024, an average annual growth of 11 per cent, according to a new report from Juniper Research. This will primarily be driven by increasing fines for data breaches as regulation tightens, as well

New data from Juniper Research forecasts that the value of AI underwritten insurance premiums will exceed $20 billion by 2024, up from an estimated $1.3 billion in 2019. This growth will be driven by streamlined underwriting processes, faster customer onboarding and reductions in operational costs enabled by AI. According to

smart phone, mobile phone, biometrics, identity

The use of unique mobile identifier services, which provide identity verification through SIMs, will generate over $7 billion for mobile operators in 2024. This is up from an expected $859 million in 2019; a growth of over 800 per cent. The figures are contained in a new report from Juniper

The number of voice assistants used to access smart home devices will reach 555 million by 2024; up from 105 million in 2019, according to new data from Juniper Research. By 2024, Juniper Research expects more than 90 per cent of voice assistants to be used to control smart home

eSim, mobile chip

The global number of cellular M2M connections will reach 1.6 billion by 2024; rising from 596 million in 2019. This is a growth of 165 per cent over the next 5 years. A new study from Juniper Research forecasts that remote provisioning and innovative anti-fraud measures enabled by embedded SIM

Consumer spend via digital wallets across Europe and North America will increase by 40 per cent this year to nearly $790 billion, according to a new study from Juniper Research. It argued that the largest growth in 2019 would come from instore payments, with mobile contactless payments more than doubling

The volume of domestic money transfers via mobiles will exceed 203 billion in 2024, up from 130 billion in 2019. Domestic peer-to-peer (P2P) payments will drive this growth; accounting for 80 per cent of all domestic transfers in 2024, according to new data from Juniper Research. According to the new

The total annual spend on Mobile Edge Computing (the collection and analysis of data at the source of generation, at the dge of the network, instead of a centralised location such as the cloud), will reach $11.2 billion by 2024. This is up from an estimated $1.3 billion in 2019,