Making Connections at 2006 CES

According to Parks Associates, the markets for advanced entertainment services will see tremendous growth over the next few years. By 2009, the average revenue per subscriber for video services will be $163 per month, while revenues from premium VOD (video-on-demand) downloads will total $530 million. There will also be a correlative increase the number of advanced products in households. By 2010, 47 million U.S. broadband households will have a residential gateway (RG), and nearly 10 million U.S. households will have a networked storage device.

The CONNECTIONS conference will host six sessions January 5 and 6 at 2006 International CES, featuring Parks Associates' expertise in digital entertainment and advertising, home networking, and global consumer research. Each session will include a panel of expert speakers moderated by an analyst from Parks Associates. In addition, Parks Associates will be in the South Hall at Booth 25539 throughout CES.

"Digital technologies and services are taking a greater role in people's lives, and 2006 will feature an unprecedented level of integration," said Tricia Parks, CEO of Parks Associates. "At CES, we are examining targeted domains that will be significant in the next six months, a perfect complement to CONNECTIONS in May, which will feature expert panelists, multiple tracks on all topics significant to the digital home, and a showcase featuring an array of products and services from our sponsors."

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

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

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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