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 BaaS model has been adopted across a wide range of industries due to its ability to streamline financial processes for non-banks and foster innovation. BaaS has several industry-specific use cases, where it creates new revenue streams. Banking as a Service (BaaS) is rapidly emerging as a growth market, allowing non-bank businesses to integrate banking services into their core products and online platforms. As defined by Juniper Research, BaaS is "the delivery and integration of digital banking services by licensed banks, directly into the products of non-banking businesses, commonly through the use of APIs." BaaS Market Development The core idea is that licensed banks can rent out their regulated financial infrastructure through Application Programming Interfaces (APIs) to third-party Fintechs and other interested companies. This enables those organizations to offer banking capabilities like payment processing, account management, and debit or credit card issuance without