According to In-Stat the Asian digital TV market will more than double from 10.4 million shipments in 2004 to 28.8 million in 2008 -- "China, Japan, and South Korea are the biggest Asian markets for digital TVs. In fact, China boasts the largest TV market in the world, and Japan enjoys the fastest development in LCD TV globally. Korean vendors top the global TFT-LCD panel shipment while competing with Japan in PDP TV panel production. The regional market reached US$14.2 billion in 2004. Of which US$3.3 billion went to digital CRT, US$4.2 billion for RP TV, US$1.8 billion for PDP TV, and US$ 5.0 billion for LCD TV. Its huge population makes Asia the largest TV consumption market in the world. In China alone, the overall TV market (analog and digital) in 2004 exceeded 35 million units. Asia is projected to be the digital TV market with most growth potential in the world."
The Open Banking business model has been advantageous for Third-Party Providers (TPPs), helping them to extend their offerings into other areas of financial services with new capabilities. Open Banking is also advantageous for traditional banking institutions, despite the perceived loss of custodianship over their data, by providing greater accessibility to more bank services. Furthermore, Open Banking can help serve Mobile Internet providers that are able to leverage it to create tailored services according to customers’ preferences and/or economic limitations. Open Banking Market Development Since traditional banking services are made more convenient by TPPs via greater data access, customers can proactively manage their finances and shape the development of new financial offerings. This is particularly noticeable in the realm of Digital Payments, where retail merchants and customers transact through eCommerce, which has the greatest number of use cases for Open Banking. These includ