Spiralling consumer demand for network services will lead to wireless home bandwidth requirements jumping by a whopping 1,800 per cent to 57Mbps by 2009. According to a newly released study from JupiterResearch, wireless bandwidth requirements for the typical broadband home with a wireless network will grow from less than 3Mbps in 2004 to a likely 57Mbps in 2009. JupiterResearch estimates that tech-savvy households of three individuals will require wireless bandwidth of up to 84Mbps, driven primarily by changes in the home use of consumer electronics and changing consumption patterns for digital media at home. Overall, in 2004 some 7.5 million US households indicated that they have a home network that is at least partly wireless. JupiterResearch forecasts that the number of wireless home network households in the US will rise to 34.3 million by 2009. "Consumers are beginning to shift their paradigms for internet access, home networking and digital content management." "The number of consumer electronics devices using a wireless network in the home could explode over the next five years, driving bandwidth requirements beyond today's offerings." "To exploit this trend, consumer electronics manufacturers will increasingly need to conceive of their products as always-on nodes in a wireless network."
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