eMarketer predicts that there will be nearly 70 million broadband households in the US in 2008 -- "Convergence, once only a futuristic dream, is a growing reality in homes across the continent, and it is changing the character � product offerings and competitive alignment � of some of the most powerful corporations in North America. The broadband market is no longer about only high-speed Internet access, says Ben Macklin, eMarketer Senior Analyst and author of the report. A new market is being created, including voice and video � a market worth nearly ten times the value of the Internet access business alone."
The world of eCommerce payments has evolved. As we look toward the latter half of this decade, we're witnessing a transformation in how digital commerce operates, with a clear shift toward localized payment solutions within a global marketplace. The numbers tell a compelling story. According to Juniper Research's latest analysis, global eCommerce transactions are set to reach $11.4 trillion by 2029, marking a 63 percent increase from $7 trillion in 2024. This growth isn't just about volume – it's about fundamental changes in how people pay for goods and services online. Perhaps most striking is the projected dominance of Alternative Payment Methods (APMs), which are expected to account for 69 percent of global transactions by 2029, with 360 billion transactions processed through these channels. eCommerce Payments Market Development What makes this shift particularly interesting is how it reflects the democratization of digital commerce. Traditional card-based systems ar...