In both business and consumer markets, widespread adoption of Voice over Internet Protocol (VoIP) depends on the availability of wireless VoIP handsets, reports In-Stat. Dual-mode cellular/WiFi handsets will be the key driver to mass consumer adoption of VoIP. By 2009, In-Stat forecasts that over 66 million cellular/WiFi handsets will be in operation. �Wireless high-speed broadband access, unified messaging, video, and dual-network cellular/WiFi services are making the mobile triple play a consumer market reality,� says Keith Nissen, In-Stat analyst. �The key to successfully capturing the market for these next-generation personalized services is control of the end-point device.� Worldwide, consumer VoIP subscribers using wireless IP phones will grow from 2 percent currently to 73 percent in 2009. Based on competition from mobile carriers without wireline operations, Europe will be the largest initial market for dual-mode smartphones. While mass production of dual-mode sets is not scheduled until 2007, an In-Stat market survey found that over 80 percent of businesses have an interest in the technology.
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