ABI Research says that today's portable digital audio and video players needs to become truly portable, in the way that old portable cassette and CD players were -- Vamsi Sistla, director of residential entertainment research said, "Today's so-called portables are still tied by an umbilical cord to the computer and a wired broadband connection. The industry should address these shortcomings." Today the signs are that the industry agreed, and true portability is beginning to arrive. Analyst Joseph Yau, who has just updated their 2004 study, reports that Wi-Fi networking capabilities are starting to appear in portable audio players. "Although such models are still few in number, they will become a flood in 2006," he says. Thomson is even introducing a product line that will interface the player directly with a home hi-fi system, without the need for an intermediary PC and broadband connection. On the video side, EchoStar has just invested $10 million in player vendor Archos, which is said to be introducing a specially-tailored media player that will load movies directly from EchoStar's DISH Network feeds.
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