Camera Phone Market Penetration

According to a recent forecast published by IDC, camera phone shipments in Western Europe are set to reach 179 million units in 2009, to constitute just over 90 percent of total mobile phone shipments. IDC predicts a compound annual growth rate of 8 percent, slightly higher than the growth forecast for the total mobile phone market, with converged devices positioned as multimedia and imaging solutions expected to demonstrate the largest growth during the forecast period.

"The integrated digital camera has become the most visible illustration to date of the progress of convergence in the mobile market," said Andrew Brown, program manager of IDC's European Mobile Devices service. "2004 witnessed the proportion of handsets with integrated cameras grow to 70 percent of total Western European mobile phone shipments from just 15 percent in 2003, illustrating the growing importance of imaging from high-end smart phones down to basic midrange and increasingly low-end mobile phones."

The declining costs of components and manufacturing/production efficiencies will be a key driver of the integrated digital camera into low-end handsets market, according to IDC, while the advent of high-speed networks and technologies such as SIP (session initiation protocol) and IMS (IP multimedia subsystem) will maximize the role of the digital camera in high-end devices as a mechanism central to rich content sharing across fixed and mobile networks and between IP-enabled devices.

Open Banking Usage to Grow by 470 Percent

The Open Banking business model has been advantageous for Third-Party Providers (TPPs), helping them to extend their offerings into other areas of financial services with new capabilities. Open Banking is also advantageous for traditional banking institutions, despite the perceived loss of custodianship over their data, by providing greater accessibility to more bank services. Furthermore, Open Banking can help serve Mobile Internet providers that are able to leverage it to create tailored services according to customers’ preferences and/or economic limitations. Open Banking Market Development Since traditional banking services are made more convenient by TPPs via greater data access, customers can proactively manage their finances and shape the development of new financial offerings. This is particularly noticeable in the realm of Digital Payments, where retail merchants and customers transact through eCommerce, which has the greatest number of use cases for Open Banking. These includ

Global Digital Business and IT Consulting Outlook

Across the globe, CEOs and their leadership teams continue to seek information and guidance about planned Digital Transformation initiatives and the most effective enterprise organization change management practices. Worldwide IT and Business Services revenue will grow from $1.13 trillion in 2022 to $1.2 trillion in 2023 -- that's a 5.7 percent year-over-year growth, according to the latest market study by International Data Corporation (IDC). The mid-term to long-term outlook for the market has also increased -- the five-year CAGR is forecast at 5.2 percent, compared to the previous 4.9 percent. Digital Sevices & Consulting Market Development IDC has raised the growth projection despite a weak economic outlook, because of vendor performances across 2022, growth indicators from adjacent markets, increased government funding, and inflation impacts. The actual 2022 market growth was 6.7 percent (in constant currency), which was 87 basis points higher than forecast last year, alth

Why Instant Issuance Payment Cards Evolved

The global financial services sector continues to grow as more progressive organizations seek to gain a meaningful competitive advantage from their digital transformation initiatives. Across the globe, many regions are seeing a significant rise in 'instant issuance' activity from a physical and digital perspective, from both traditional and emerging innovative banking institutions. Digital Payments Market Development Customers increasingly demand instant access to banking services, with physical instant issuance enabling them to leave their branch equipped with a ready-to-go payment card. According to the latest worldwide market study by ABI Research, the market for instantly issued physical payment cards will increase from 243.2 million shipments in 2022 to a forecast of 471.1 million in 2027. "Critically, instant issuance of payment cards is no longer limited to the physical," said Sam Gazeley, industry analyst at ABI Research . Indeed, the growing digitization of p

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