Asia Pacific Wireless Revenue Forecast

The Asia Pacific wireless telecom industry will grow from $159.97 billion in annual revenue in 2005 to $242.42 billion by the end of 2010, reports In-Stat.

The overall subscriber penetration rate for the region (including Australia, China, Hong Kong, Indian, Indonesia, Japan, South Korea, Malaysia, Philippine, Singapore, Thailand, and Taiwan) was about 25 in 2005 - varying from 6.8 percent (India) to 115 percent (Hong Kong).

"The introduction of 3G mobile services is enabling a new breed of services," says Bryan Wang, In-Stat analyst. "In countries with successful 3G launches, like Japan, providers have enjoyed higher data services revenue, about 27.9 percent of total revenue in 2005, significantly higher than the overall regional rate of 19.9 percent."

In-Stat found the following:

- In 2005, there were over 859.4 million wireless service subscribers in the region, a total that is expected to reach 1.57 billion in 2010.
- Mergers and consolidation in mature markets such as Hong Kong are helping operators maintain a competitive advantage while aiming for higher profitability.
- Currently, mobile downloading of ring tones and wallpapers, MMA and games are the most popular non-voice services.

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

Digital Lifescapes

Search This Blog