The DVD recorder market doubled in size in 2004, to 9.4 million, and is projected to grow another 87 percent this year, according to a report from Research and Markets. Worldwide DVD recorder shipments are expected to grow to 67.7 million in 2009. The data does not include DVD recorder drives installed in PCs. The firm noted that digital TV tuners will be federally-mandated standard equipment in U.S. DVD recorders in July 2007, and are being added to DVD recorders in increasing numbers in Japan. "In 2004, Japan DVD player shipments declined, while DVD recorders grew by over 100%," the report said.
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