#COVID-19 Impacts On Mobile Encryption Market
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Mobile Encryption Market 2023: Safeguarding Mobile Communication
The global mobile encryption market size is anticipated to reach USD 16.89 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 25.8% from 2023 to 2030. Mobile encryption refers to the process of converting data into a code or language that can only be deciphered by authorized parties with the correct decryption key. The market is growing rapidly due to increasing concerns about data security and privacy. As most of the population uses mobile devices to store sensitive information such as financial data, personal information, and confidential business information, the need for mobile encryption solutions becomes more important.
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The demand for mobile encryption has increased significantly over the years, as organizations are increasingly adopting a mobile workforce. The benefits of a mobile workforce are numerous, including improved productivity, reduced costs, and greater flexibility. However, with these benefits come significant security risks. Mobile encryption technology can help mitigate these risks by providing secure communication and data transfer channels, ensuring data is not accessible to unauthorized parties. As a result, the market has seen significant growth over the past few years, and this trend is likely to continue in the coming years as more organizations continue to adopt a mobile workforce.
However, there are several restraints that may limit the growth of the market. One significant restraint is the lack of awareness among businesses about the need for mobile encryption solutions. Other restraints include concerns about the complexity of encryption solutions, a lack of standardization in encryption technologies, and the potential impact of encryption on device performance. Additionally, the high cost of implementing and maintaining encryption solutions may also be a restraint, particularly for smaller businesses. Overcoming these restraints will be essential for the market to grow and thrive, and businesses that offer encryption solutions must work to address these challenges to ensure the widespread adoption of mobile encryption solutions.
#Mobile Encryption Market Size & Share#Global Mobile Encryption Market#Mobile Encryption Market Latest Trends#Mobile Encryption Market Growth Forecast#COVID-19 Impacts On Mobile Encryption Market#Mobile Encryption Market Revenue Value
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Global Perspective: Regional Markets and Emerging Trends in Decentralized Clinical Trials (DCTs)
The Decentralized Clinical Trials (DCTs) Market is experiencing rapid growth driven by advancements in digital health technologies, increasing patient-centricity, and the need for more efficient and flexible clinical trial designs. Decentralized clinical trials, also known as remote or virtual trials, leverage digital platforms, mobile devices, and telemedicine to conduct study procedures remotely, reducing the need for frequent site visits and improving patient engagement and retention.
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One of the primary drivers of market growth is the growing demand for decentralized trial approaches to overcome traditional challenges associated with patient recruitment, retention, and diversity. Decentralized trials offer greater flexibility and convenience for participants, allowing them to participate from their homes or local communities, reducing the burden of travel and site visits. This approach expands the pool of potential participants, enhances diversity in clinical trial populations, and accelerates patient enrollment timelines, leading to faster study completion and regulatory approval.
The Decentralized Clinical Trials Market is Valued USD 8.5 billion in 2024 and projected to reach USD 13.3 billion by 2030, growing at a CAGR of CAGR of 6.6% During the Forecast period of 2024-2032.
Furthermore, decentralized clinical trials enable real-time monitoring of patient data and outcomes, enhancing data quality, accuracy, and integrity. Digital health technologies, such as wearable devices, remote monitoring apps, and electronic patient-reported outcomes (ePRO) platforms, collect continuous streams of patient-generated data, providing researchers with insights into disease progression, treatment response, and patient behavior in real-world settings. This real-world evidence complements traditional clinical trial data, enabling more comprehensive and holistic assessments of drug safety and efficacy.
The decentralized clinical trials market is characterized by the presence of a diverse range of technology providers, contract research organizations (CROs), and pharmaceutical companies offering decentralized trial solutions and services. Major players in the market include Medidata Solutions, Inc. (a Dassault Systèmes company), IQVIA Holdings Inc., PRA Health Sciences, Inc., Parexel International Corporation, and Syneos Health, Inc., among others. These companies provide comprehensive platforms and services for decentralized trial design, implementation, and management, catering to the needs of sponsors, investigators, and patients across various therapeutic areas and geographies.
Major vendors in the global Decentralized Clinical Trials Market are Clinical Ink, CRF Health, ICON, IQVIA, Labcorp, Medable, Medidata, Oracle, Parexel, PRA Health Sciences, Science 37 and other prominent Players.
Emerging trends in the decentralized clinical trials market include the integration of artificial intelligence (AI), machine learning (ML), and blockchain technologies to enhance patient recruitment, remote monitoring, and data management processes. AI and ML algorithms analyze vast amounts of patient data to identify eligible participants, predict patient outcomes, and optimize trial protocols in real-time. Blockchain technology ensures data security, privacy, and traceability by encrypting and storing patient data in a decentralized and immutable ledger, enhancing regulatory compliance and patient trust in decentralized trial models.
Looking ahead, the decentralized clinical trials market is poised for continued growth driven by ongoing advancements in digital health, regulatory acceptance of decentralized trial approaches, and the COVID-19 pandemic's lasting impact on clinical trial conduct. As stakeholders embrace decentralized trial models to address patient and industry needs, decentralized trials will become increasingly mainstream, leading to more efficient, patient-centric, and inclusive clinical research practices. Collaborations between industry stakeholders, regulatory agencies, and patient advocacy groups will be essential in driving innovation, standardizing decentralized trial processes, and ensuring the safe and ethical conduct of decentralized clinical trials.
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The Evolution of Online Shopping Revolutionizing the Retail Landscape
In the digital age, online shopping has emerged as a transformative force, reshaping the way consumers interact with retailers and purchase goods. From its humble beginnings to its current ubiquity, the evolution of online shopping has been marked by technological advancements, changing consumer behaviors, and the rise of e-commerce giants.
Gone are the days of crowded malls and long checkout lines; today, consumers can browse and buy products from the comfort of their own homes, with just a few clicks of a button. The convenience and accessibility of online shopping have made it increasingly popular, with millions of people worldwide opting to shop online for everything from groceries to electronics.
One of the key drivers behind the rise of online shopping is the proliferation of smartphones and internet connectivity. With smartphones becoming an indispensable part of daily life, consumers have constant access to online stores, allowing them to shop anytime, anywhere. This shift towards mobile shopping has prompted retailers to optimize their websites and develop user-friendly mobile apps, providing seamless shopping experiences on smartphones and tablets.
Furthermore, the advent of secure payment gateways and advanced encryption technologies has alleviated concerns about online security, making consumers more comfortable with making purchases online. The ability to securely store payment information and complete transactions with just a few taps has streamlined the online shopping process, further fueling its popularity.
In addition to convenience, online shopping offers consumers a wider selection of products and the ability to compare prices across different retailers with ease. With just a few clicks, shoppers can browse through a vast array of products, read reviews, and make informed purchasing decisions. This level of transparency and choice has empowered consumers, giving them greater control over their shopping experience.
Moreover, the rise of e-commerce giants such as Amazon, Alibaba, and eBay has transformed the retail landscape, exerting significant influence over consumer preferences and shopping habits. These platforms offer unparalleled convenience, fast shipping options, and competitive pricing, attracting millions of shoppers worldwide. Through innovations such as one-click ordering, personalized recommendations, and same-day delivery, e-commerce giants have set new standards for online shopping, raising expectations for speed, convenience, and customer service.
However, the dominance of e-commerce giants has also raised concerns about market monopolization and the impact on smaller retailers. As online shopping continues to grow in popularity, brick-and-mortar stores face increasing pressure to adapt or risk becoming obsolete. Many traditional retailers have embraced omnichannel strategies, integrating their physical stores with online platforms to provide seamless shopping experiences across multiple channels.
Furthermore, the COVID-19 pandemic has accelerated the shift towards online shopping, as social distancing measures and lockdowns have limited in-person retail opportunities. The pandemic served as a catalyst for digital transformation, prompting retailers to invest in e-commerce infrastructure and ramp up their online capabilities to meet the surge in demand for online shopping.
In conclusion, online shopping has undergone a remarkable evolution, revolutionizing the retail landscape and redefining the way consumers shop. With advancements in technology, changes in consumer behavior, and the rise of e-commerce giants, online shopping has become an integral part of modern life. As technology continues to advance and consumer preferences evolve, the future of online shopping promises even greater convenience, choice, and innovation.
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Automated Teller Machine (ATM) Market| Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2023 – 2027
Originally published on Technavio: Automated Teller Machine (ATM) Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2023-2027
### **Automated Teller Machine (ATM) Market Research Report**
#### **1. Executive Summary**
- Overview of the Automated Teller Machine (ATM) market. - Key findings and market trends. - Market growth prospects.
#### **2. Introduction**
- Definition and significance of Automated Teller Machines. - Historical development and evolution in the banking and financial technology sectors.
#### **3. Market Size and Forecast**
- Historical market size and growth. - Current market size and trends. - Future projections and factors influencing growth.
#### **4. Market Dynamics**
- Drivers of market growth (increased banking transactions, technological advancements, cash withdrawal demand). - Challenges and obstacles (cybersecurity threats, regulatory compliance, declining cash usage). - Opportunities for market expansion (contactless transactions, biometric authentication, financial inclusion initiatives).
#### **5. Segmentation**
- Types of ATMs (cash dispensers, cash recyclers, smart ATMs) and their market share. - Deployment locations (on-site ATMs, off-site ATMs, mobile ATMs). - Regional segmentation and market presence.
#### **6. Competitive Landscape**
- Major ATM manufacturers and service providers and their market share. - SWOT analysis of key companies. - Trends in partnerships, collaborations, and technological innovations.
#### **7. Regulatory Environment**
- Overview of regulations affecting the ATM industry. - Compliance challenges and opportunities.
#### **8. Technological Trends in ATMs**
- Trends in ATM technology (contactless transactions, biometric authentication, video teller machines). - Impact on user experience, security, and efficiency.
#### **9. Cash Recycling and Deposit Automation**
- Growth and trends in cash recycling and deposit automation features. - Impact on cash management efficiency and banking operations.
#### **10. ATM Security Trends**
- Trends in ATM security measures (anti-skimming technology, encryption, secure key management). - Impact on fraud prevention, customer trust, and regulatory compliance.
#### **11. Impact of Digital Banking and Mobile Payments**
- Trends in the impact of digital banking and mobile payments on ATM usage. - Impact on cash demand, transaction patterns, and customer behavior.
#### **12. Financial Inclusion and ATM Accessibility**
- Growth and trends in financial inclusion initiatives through ATMs. - Impact on reaching underserved populations, rural areas, and unbanked individuals.
#### **13. ATM Network Management and Monitoring**
- Trends in ATM network management and monitoring solutions. - Impact on proactive maintenance, downtime reduction, and operational efficiency.
#### **14. COVID-19 Impact on ATM Market**
- Assessment of the impact of the COVID-19 pandemic on the ATM market. - Trends in changing consumer behavior, hygiene concerns, and cash usage patterns.
#### **15. Case Studies**
Successful ATM deployments and projects. - Challenges faced by ATM operators and lessons learned.
To Learn deeper into this report , View Sample PDF
#### **16. Future Outlook**
- Emerging trends in ATM technology and services. - Anticipated changes in technology adoption and market dynamics.
#### **17. Recommendations**
- Strategic recommendations for banks, financial institutions, and ATM service providers. - Areas for further research and development.
#### **18. Conclusion**
- Summarize key findings. - Concluding thoughts on the future of the Automated Teller Machine market.
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Virtual Private Network Market Size & Share Surpass $75.59 Billion By 2027
According to a recent report published by Allied Market Research, titled, “Virtual Private Network Market by Component, Type, Deployment, and End User: Opportunity Analysis and Industry Forecast, 2020–2027,”
The global Virtual Private Network (VPN) market was valued at $25.41 billion in 2019, and is projected to reach $75.59 billion by 2027, growing at a CAGR of 14.7% from 2020 to 2027.
VPN is an encrypted connection over the internet from a device to a network. It ensures that sensitive data is securely transmitted. It averts unauthorized individuals from spying on the traffic and enables the user to conduct work safely & remotely. VPN technology is widely used in corporate environments.
Increase in advanced and complex cyber threats, rise in data security concerns, and surge in usage of mobile & wireless devices within organizations are the major factors that drive the growth of the virtual private network market. In addition, rise in need for remote accessibility also boosts the growth of the virtual private network industry. However, lack of expertise in virtualization is anticipated to hamper the VPN market growth. On the contrary, augmented adoption of private clouds is expected to provide lucrative opportunities for the market growth in the coming years.
According to component, the solution segment held majority of the virtual private network market share in 2019 due to its capabilities to enable hiding online identity, bypassing geo-blocks, preventing bandwidth throttling, avoiding online price discrimination, accessing region-blocked services, providing network scalability, and offering cheaper leased-line alternatives. Further, rapidly changing norms of work and the shifting commercial networking requirements are anticipated to increase the demand for VPN solutions.
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In addition, functionalities, such as control features, reporting, and management of VPN solution, support the VPN demand. Market vendors also collaborate with vendors of mobile VPN and NAC solution providers as part of the business strategy to increase the VPN solutions sales, further fuelling the growth of the virtual private network industry.
By deployment, the cloud segment accounted for the highest share in the virtual private network market in 2019, owing to growing preference for cloud technology to reduce maintenance and costs. Key market players launch virtual private cloud to provide a secure gateway and private on-premise access to cloud resources. Further, the market players are proposing virtual private cloud to help users in creating a private cloud computing environment over the shared public cloud infrastructure.
As per region, the global virtual private network market was dominated by North America in 2019. The major presence of leading market vendors developing virtual private network solution and early adoption of advanced networking security technology in North America are the major drivers for the virtual private network market growth. In addition, the need to protect business critical information from data breaches and malicious attacks while working remotely further propels the market growth in this region.
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The outbreak of COVID-19 is anticipated to have a significant impact on the growth of the virtual private network market. Although, various industries are majorly hit by lockdown imposed in many countries, the spending on virtual private network solutions by corporate as well as individual users is expected to increase during this pandemic. This is attributed to the need to provide secure working environment and ensure privacy of business critical information especially during the work from home period. For instance, as per Masergy, it observed sudden spike in VPN connections from March 10th to 18th 2020, increasing by 676% in more than a week. Furthermore, rise in number of fraudulent activities and cybercrimes post COVID-19 emergence is also expected to boost the VPN market growth.
Key findings of the study
By component, the services segment is expected to witness the highest CAGR during the forecast period.
On the basis of deployment mode, the cloud segment accounted for the highest virtual private network market share in 2019.
Depending on type, the remote access segment accounted for the highest virtual private network market size in 2019.
As per end user, the commercial users segment led the global VPN market in 2019.
Region-wise, North America accounted for the highest revenue in 2019; however, Asia-Pacific is anticipated to exhibit the highest growth during the forecast period.
The global virtual private network market analysis includes some of the key market players such as Avast Software S.R.O., Checkpoint Software Inc, Cisco System Inc, Golden Frog GmbH, IBM Corporation, Juniper Networks Inc, Microsoft Corporation, NetMotion Software Inc, NordVPN, and Radio IP Software Inc.
About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
#Virtual Private Network Market#Virtual Private Network Industry#Virtual Private Network#Telecom & Wireless
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The Era Of Digital Payments In The Whole World
The way we pay for things is changing rapidly. In the past, we used cash, checks, and credit cards to make payments. But now, digital payments are becoming increasingly popular.
There are many reasons for this shift to digital payments. One reason is convenience. Digital payments are often faster and easier than traditional methods. They can also be more secure, as they do not require the exchange of physical cash.
Another reason for the rise of digital payments is the growth of e-commerce. More and more people are shopping online, and digital payments are the preferred method for making these purchases.
The COVID-19 pandemic has also accelerated the adoption of digital payments. As people were forced to stay home, they turned to online shopping and digital payments as a way to avoid contact with others.
The global market for digital payments is expected to reach $9.46 trillion in 2023. This growth is being driven by a number of factors, including the increasing adoption of e-commerce, the rise of mobile payments, and the growing popularity of contactless payments.
India is one of the leading countries in the adoption of digital payments. In 2022, India recorded about 70 billion digital payment transactions, the highest in the world. This is a sharp increase from the corresponding figure of 44 billion in 2021.
The future of digital payments looks bright. As more and more people adopt these technologies, the way we pay for things will continue to change. upi payout api
Benefits of Digital Payments
There are many benefits to using digital payments. Here are some of the most common ones:
Convenience: Digital payments are often faster and easier than traditional methods. You can pay with a few taps on your smartphone or a swipe of your credit card.
Security: Digital payments can be more secure than traditional methods, as they do not require the exchange of physical cash. Your payment information is encrypted and protected from fraud.
Efficiency: Digital payments can help businesses to improve their efficiency. They can save time and money by eliminating the need to process paper checks or cash.
Sustainability: Digital payments can help to reduce environmental impact. They eliminate the need to print and transport physical cash.
Challenges of Digital Payments
While there are many benefits to digital payments, some challenges also need to be addressed. Here are some of the most common challenges:
Security: While digital payments can be more secure than traditional methods, they are still not foolproof. There have been cases of fraud and data breaches involving digital payments.
Accessibility: Not everyone has access to digital payments. This is especially true in developing countries.
Regulation: The regulatory environment for digital payments is still evolving. This can make it difficult for businesses to comply with all the relevant regulations.
The Future of Digital Payments
The future of digital payments looks bright. As more and more people adopt these technologies, the way we pay for things will continue to change. Here are some of the trends that are expected to shape the future of digital payments:
The growth of mobile payments: Mobile payments are expected to continue to grow in popularity. This is due to the increasing use of smartphones and the convenience of making payments with a few taps on a screen.
The rise of contactless payments: Contactless payments are becoming increasingly popular, as they are a more convenient and hygienic way to pay for things.
The adoption of blockchain technology: Blockchain technology is a secure and transparent way to record transactions. This makes it a promising technology for digital payments.
The development of new payment methods: New payment methods are being developed all the time. These new methods are designed to be more convenient, secure, and efficient than traditional methods.
The era of digital payments is already here, and it is only going to continue to grow in the future. Businesses that want to stay ahead of the curve need to start adopting digital payments now.
How Ecuzen Software Can Help You with Digital Payments
Ecuzen Software is a leading provider of digital payment solutions. We offer a wide range of solutions that can help businesses of all sizes to accept digital payments. Our solutions are secure, convenient, and easy to use.
We can help you to:
Accept payments online, in-store, and over the phone
Set up recurring payments
Manage your customer data
Track your transactions
Get help with fraud prevention
If you are looking for a reliable and secure digital payment solution, Ecuzen Software is the perfect choice. Contact us today to learn more about our solutions
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Source Link :- https://ecuzen.com/blog/blogdetails/payout/digital-payments
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Pay Card Reader Market Insights: Comprehensive Analysis of Latest Trends and Developments
The global Pay Card Reader Market size is estimated to reach US$ 4.53 Bn in 2022 and is further projected to grow at 4.1% CAGR, totaling a valuation of USD 18.90 Billion by 2030.
The global pay card reader market is a rapidly growing industry that is driven by the increasing adoption of cashless payment systems and the rising demand for contactless payments. A card reader is a device that allows businesses to accept credit and debit card payments from customers, making it an essential tool for any merchant looking to offer convenient payment options to their customers. Get Free Sample Copy@https://www.themarketinsights.com/request-sample/281697
The market for pay card readers is dominated by several large players, including Square, PayPal Here, iZettle, and Sum-up, who offer a range of card readers and payment processing services to merchants of all sizes. These companies have been successful in developing user-friendly and affordable card readers that can be used by small businesses and individual sellers.
Segmentation:
By technology, the market is segmented into EMV Chip and Pin, Hybrid Technology Solutions, Magnetic Stripe Chip, and Sign near Field Communication Biometrics
By application, the market is segmented into Healthcare, Restaurant, Retail, Warehouse/Distribution, Government and Consumer Utility Services, Transportation, and Entertainment.
Covid-19 Impact:
Businesses were forced to close their physical locations due to lockdowns and social distancing measures, and the demand for contactless payment options increased dramatically. This has led to a surge in the adoption of pay card readers that support contactless payments, such as NFC-enabled devices.
The pandemic has also driven the shift towards e-commerce, with many businesses pivoting to online sales to continue operating during the lockdowns. This has led to an increase in the use of virtual payment options, such as online payment card readers, to accept payments from customers.
The pandemic has also highlighted the importance of secure payment processing solutions, as cybercriminals took advantage of the chaos to launch new scams and attacks. This has led to increased demand for payment card readers that offer advanced security features, such as encryption and tokenization.
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Growth Drivers:
Is driving demand for payment card readers.
Consumers are increasingly using debit and credit cards to make purchases, and merchants need to accept these payment methods to remain competitive.
Rise of e-commerce:
The growth of e-commerce has created a need for payment processing solutions that can be used online. Pay card readers that can be integrated with e-commerce platforms have become increasingly popular among businesses that sell goods and services online.
Restraining factors:
High competition:
The pay card reader market is highly competitive, with many players offering similar products and services. This can make it challenging for new entrants to gain market share and for established players to maintain their position.
Security concerns:
While pay card readers offer a secure way for merchants to accept payments, there are still security concerns associated with the technology. Cyber-attacks and data breaches can compromise the sensitive financial information stored on the devices.
Opportunity factors:
Growing acceptance of contactless payments:
The COVID-19 pandemic has accelerated the trend toward contactless payments, and this trend is expected to continue even after the pandemic subsides. This presents an opportunity for pay card reader manufacturers to develop and market devices that support contactless payments.
Increasing demand for mobile payment options:
Mobile payment options, such as Apple Pay and Google Pay, have become increasingly popular in recent years. Pay card reader manufacturers can capitalize on this trend by developing devices that support these payment methods.
Challenges:
Intense competition:
The pay card reader market is highly competitive, with numerous players offering similar products and services. This intense competition can lead to price wars, reduced profit margins, and decreased innovation.
Rapidly evolving technology:
The pay card reader market is subject to rapid technological change, which can be a challenge for manufacturers that must continually update their products to remain competitive. Staying up-to-date with the latest technological advancements can be expensive and time-consuming.
Regional Insights:
North America: North America is the largest market for payment card readers, driven by the high level of digital adoption and the growing popularity of contactless payments. The region is also home to several leading pay card reader manufacturers, including Square, PayPal, and Verifone.
Europe: Europe is another significant market for payment card readers, driven by the increasing use of digital payments and the adoption of regulations such as PSD2 The region is home to several leading pay card reader manufacturers, including SumUp, iZettle, and Ingenico.
Asia Pacific: The Asia Pacific region is a rapidly growing market for payment card readers, driven by the increasing adoption of digital payments and the expanding e-commerce market. Countries such as China, India, and Singapore are among the fastest-growing markets in the region.
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Top Players:
Gemalto
Infineon
IDEMIA
Wirecard
Verifone
Ingenico
On Track Innovations
Identiv
CPI Card Group
PAX Global Technology
MobeeWave
Recent Developments:
Gemalto: In 2019, Gemalto was acquired by Thales Group, a global technology company. Since the acquisition, Gemalto has continued to develop innovative pay card reader solutions, such as its SafeNet Trusted Access solution for secure cloud access.
Infineon: Infineon, a leading semiconductor manufacturer, has been developing advanced security solutions for payment card readers. In 2020, the company announced a new security chip, the SLC52, which is designed to provide advanced security features for contactless payment applications.
IDEMIA: IDEMIA, a global leader in identity verification and authentication solutions, has been developing innovative pay card reader solutions that incorporate biometric authentication technology. In 2020, the company announced a new biometric payment card, which uses fingerprint authentication to enhance security and convenience for consumers.
FAQ:
What is the market size in 2022? Ans: The global pay card reader market size in 2022 is US$ 4.53 Bn.
What is the CAGR number of the market from 2023 to 2030? Ans: The global pay card reader market CAGR number from 2023 to 2030 is 4.1%.
Who are the key companies in the global pay card reader market? Ans: Gemalto, Infineon, IDEMIA, Wirecard, Verifone, Ingenico the key market players in the global pay card reader market
What is the growth rate of the global pay card reader market? Ans: The growth rate of the global pay card reader market is 4.1% with an estimated value of USD 18.90 Billion by 2030.
What are the key segmentations of the global pay card reader market? Ans: By Type, application, and by region are the key segmentations of the global pay card reader market
About us. Delivering foresights along with statistical analysis of the operational business industry impacts has been our foremost priority. With the constant developments in the research & development industry, we have always challenged the conventional research methodologies and discovered new research tactics to evolve the growing B2B requirements.
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Blockchain and Ticketing: A New Era of Security and Efficiency
Are you ready to experience the magic of live performance once again?
Gladly, the Adrienne Arsht Center for the Performing Arts of Miami-Dade County teams up with True Tickets to bring you a newfangled solution to safely reopen its doors. After a tough year of cancellations and postponements, this renowned venue is leaping forward with the help of blockchain technology. With contactless digital ticketing, you can now enjoy the shows you love without worrying about health risks.
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Now, let’s dive into the blog and explore the benefits of this innovative technology for the performing arts industry.
Performing Arts Industry – The Impact Of Covid-19
The pandemic has dealt a devastating blow to the performing arts industry. The Arsht Center had to cancel 160 performances, and other venues faced similar challenges. But they weren’t alone in their struggle. With restrictions on in-person events, the entire industry was forced to get creative to keep the show going. The industry had to find new ways to entertain audiences, such as virtual and smaller-scale events.
Blockchain Technology – Secure Contactless Digital Ticketing
The Arsht Center is breaking new ground by utilizing cutting-edge blockchain technology. This offers secure, contactless digital ticketing for its upcoming in-person show. That’s right, you can now enjoy the show without any worries about physical contact or queuing for tickets.
Gone are the days of waiting in long lines and risking exposure to illness. The Arsht Center’s innovative approach to ticketing allows for remote ticket issuance and minimizes the need for in-person interactions, ensuring the safety of both patrons and employees. With this technology, you can sit back, relax, and enjoy the show with complete peace of mind.
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Blockchain For Ticketing – The Benefits
With blockchain, it’s now possible to enjoy a secure and contactless way to attend your favorite shows. The days of worrying about lost or stolen physical tickets are over, as blockchain offers mobile delivery that’s both safe and convenient.
But that’s not all. The technology also ensures that your ticket purchase is protected by advanced encryption and smart contracts, giving you the peace of mind that your rights as a ticket holder are always respected. And when it comes to avoiding fraud and scalping, blockchain is a game-changer. By providing traceability, authenticity, and fair pricing, it guarantees that every ticket sold is legitimate and sold at a fair price.
Performing Arts Industry – The Future With Blockchain
The world of ticketing has always been a tricky business, with issues like fraud and secondary markets plaguing the industry. But now, thanks to blockchain technology, there is a glimmer of hope. With the True Tickets service leading the charge, fans are excitedly jumping on board, and venues are taking notice. The Arsht Center is one such venue that has recognized the power of blockchain and is teaming up with True Tickets to revolutionize ticketing in the performing arts. It’s an exciting time for the industry, and with blockchain technology, the possibilities are endless. Do you want to integrate blockchain into your business? Try the leading blockchain consulting company and explore the benefits of blockchain.
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Lawful Interception Market Future Demand, Market Analysis And Outlook To 2031
Global Lawful Interception Market report from Global Insight Services is the single authoritative source of intelligence on Lawful Interception Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market. Lawful interception is the process by which law enforcement or intelligence agencies obtain communications from a service provider. In the United States, law enforcement agencies must obtain a warrant from a judge before they can intercept communications. Once a warrant is obtained, the service provider must give law enforcement access to the communications.
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Lawful interception is a valuable tool for law enforcement and intelligence agencies. It allows them to obtain communications that would otherwise be unavailable. It also allows them to monitor communications to prevent crime and terrorism.
Critics of lawful interception argue that it violates the privacy of innocent people. They also argue that it can be abused by law enforcement and intelligence agencies.
Key Trends
There are a few key trends in Lawful Interception technology:
The shift from traditional telephone networks to IP-based networks 2. The increasing use of encrypted communications 3. The use of social media and other online platforms for communications 4. The use of mobile devices for communications
Key Drivers
The key drivers of Lawful Interception market include the increasing need for surveillance and monitoring of communications, the need for data collection for national security purposes, and the need for effective law enforcement. The increasing need for surveillance and monitoring of communications is driven by the rise in terrorist activity and the need to track and monitor the communications of suspected terrorists. The need for data collection for national security purposes is driven by the need to gather intelligence on potential threats and to track the communications of suspected spies and terrorists. The need for effective law enforcement is driven by the increasing number of crimes that are committed using communications technology, such as online child pornography and fraud.
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Market Segments
The Lawful Interception Market is segmented into solution, component, end user, and region. Depending on solution, the market is segmented into devices, software, and services. The component segment is categorized into mediation devices, routers, intercept access point (IAP), gateways, switch, handover interface, and management server. As per end user, it is divided into government and enterprises. Region-wise, it is studied across North America, Europe, Asia-Pacific, and the Rest of the World.
Key Companies
Top key players in Lawful Interception Market are AQSACOM Innovating Intelligence, BAE Systems, Cisco Systems, Inc., Fire Eye, Incognito software system Inc., JSI Telecom, NICE Systems, SS8 Incorporation, Siemens AG and Utimaco GmbH.
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Global Bank Encryption Software Market to Exhibit 14.11% CAGR by 2028
Triton Market Research presents the Global Bank Encryption Software Market segmented by Component (Software, Services), Deployment Mode (On-Premise, Cloud), Enterprise Type (Large Enterprises, Small & Medium Enterprises), Encryption Type (Disk Encryption, Communication Encryption, File/Folder, Cloud Encryption), and by Geography (Middle East and Africa, Europe, Asia-Pacific, North America, Latin America).
It further explains the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter’s Five Forces Model, Market Attractiveness Index, Vendor Scorecard, Key Impact Analysis, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2022-2028).
Triton Market Research’s report states that the global market for bank encryption software is expected to expand with a 14.11% CAGR during the forecasted years 2022-2028.
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Electronic banking and online transactions have increased data proliferation, resulting in the threat of cyberattacks. Data encryption offers secured digital data using algorithms, making the original information unreadable. With rising demand for security and privacy in banks & financial institutions, the bank encryption software market has grown tremendously. Cyberthreats have caused difficulties and huge losses due to data breaches of confidential information, thereby challenging the banking sector. This has led to increased awareness of adopting bank encryption software which lessens ransomware attacks, thus expanding the market growth.
However, the complexity and mathematical operations involved in deciphering the data are difficult. In the case of recovering backup data, it is crucial to balance the speed and security of the CPU that stores encrypted data. It takes double or triple time or even more to reverse the information. This hinders the growth of the bank encryption software market.
The Asia-Pacific is the fastest-growing bank encryption software market region and is estimated to hold this position in the upcoming years. The demand for digital payment methods like debit cards, mobile banking, and credit cards has raised security and privacy concerns across developing countries like China and India. Therefore, all these factors augment the bank encryption software market across the region.
The key players in the bank encryption software market are Microsoft Corporation, Dell Technologies Inc, ESET, Broadcom Inc, IBM, McAfee Corp, Thales Group, Netskope Inc, Intel Corp, Trend Micro Inc, Protegrity Pvt Ltd, Lookout Security, Bitdefender Pvt, and Winmagic Data Security Solutions.
The impact of COVID-19 on the global market has motivated many companies to enter. As a result, the competitive rivalry is high, with multiple established corporations capturing the largest market share. Since the bank encryption market is cloud-based, the software is customized according to the buyer’s need, increasing the demand of the suppliers in the industry.
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Social Media and Its Role During This Pandemic
Social media is a computer-based technology that facilitates the sharing of ideas, thoughts, and information. Its emergence made quite an impact towards the society, especially among teens.
But...
How does it help during this pandemic?
COVID-19 is extensively spreading throughout the world, causing intensive pressure on healthcare, economic, and social structures. And during this crisis, lack of awareness, knowledge, and preparedness would put a lot of people at risk. But good thing, we have social media to help us make gathering and providing pieces of information about the current status of the world and the spreading virus easier. In just seconds, everyone will be able to find pieces of information about the current number of COVID-19 cases, updates regarding vaccines, actions of the government, and any other things that they need to know all throughout the internet.
Social media also serves as a tool for frontliners in spreading awareness for all the people around the world. Giving people warnings, do's and dont's, reports, and any other things that everyone might need to know just became easier with the help of social media platforms such as Twitter and Facebook.
Social media also comes in handy for the government during this pandemic. It enables them to easily tell the people about their plans and actions regarding COVID-19. It is also where they conduct meetings as face-to-face conference is prohibited.
At difficult times like this, information dissemination is very important and it's all thanks to social media which made communication much easier. Unlike before, when people only depend on televisions and radios, we now have pieces of information scattered all around the internet and can all be accessed using social media platforms.
References:
Dollarhide, M. E. (2020). Social Media Definition. Retrieved from https://www.investopedia.com/terms/s/social-media.asp
Sahni, H., Sharma, H. (2020). Role of social media during the COVID-19 pandemic: Beneficial, destructive or reconstructive? Retrieved from: https://www.ijam-web.org/article.asp?issn=2455-5568;year=2020;volume=6;issue=2;spage=70;epage=75;aulast=Sahni
Image: Georgia State Researchers Use Social Media Chatter to Show the Spread of COVID-19, accessed 18 January 2021, https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcR0T8s9frsmkbnPzqHy_0bivZOfKn2uwP-PTw&usqp=CAU
Image: How Brands Can Use TV-Syncing to Catch the 'Media Stacking' Mobile Browser, accessed 18 January 2021, https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ_utnXrM4JG7na0pv6hQmJHiO3D--WMP-tpQ&usqp=CAU
Image: Louisiana Frontline Workers, accessed 18 January 2021, https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTK3QHvkyXSYSy3XdQr-FexCOHiuKsGoFbKMQ&usqp=CAU
Image: Social Media for Government, accessed 18 January 2021, https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRpEmDM3pyLs6Sg2-9JZQUK03IzvBQXPs_K9Q&usqp=CAU
Image: Why Social Advertising Should Be In Your 2020 Marketing Strategy, accessed 18 January 2021, https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQSF49eQXCRCahtOy1meRiCQywUQnrlrfFJUw&usqp=CAU
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The Evolution of Online Shopping Revolutionizing the Retail Landscape
In the digital age, online shopping has emerged as a transformative force, reshaping the way consumers interact with retailers and purchase goods. From its humble beginnings to its current ubiquity, the evolution of online shopping has been marked by technological advancements, changing consumer behaviors, and the rise of e-commerce giants.
Gone are the days of crowded malls and long checkout lines; today, consumers can browse and buy products from the comfort of their own homes, with just a few clicks of a button. The convenience and accessibility of online shopping have made it increasingly popular, with millions of people worldwide opting to shop online for everything from groceries to electronics.
One of the key drivers behind the rise of online shopping is the proliferation of smartphones and internet connectivity. With smartphones becoming an indispensable part of daily life, consumers have constant access to online stores, allowing them to shop anytime, anywhere. This shift towards mobile shopping has prompted retailers to optimize their websites and develop user-friendly mobile apps, providing seamless shopping experiences on smartphones and tablets.
Furthermore, the advent of secure payment gateways and advanced encryption technologies has alleviated concerns about online security, making consumers more comfortable with making purchases online. The ability to securely store payment information and complete transactions with just a few taps has streamlined the online shopping process, further fueling its popularity.
In addition to convenience, online shopping offers consumers a wider selection of products and the ability to compare prices across different retailers with ease. With just a few clicks, shoppers can browse through a vast array of products, read reviews, and make informed purchasing decisions. This level of transparency and choice has empowered consumers, giving them greater control over their shopping experience.
Moreover, the rise of e-commerce giants such as Amazon, Alibaba, and eBay has transformed the retail landscape, exerting significant influence over consumer preferences and shopping habits. These platforms offer unparalleled convenience, fast shipping options, and competitive pricing, attracting millions of shoppers worldwide. Through innovations such as one-click ordering, personalized recommendations, and same-day delivery, e-commerce giants have set new standards for online shopping, raising expectations for speed, convenience, and customer service.
However, the dominance of e-commerce giants has also raised concerns about market monopolization and the impact on smaller retailers. As online shopping continues to grow in popularity, brick-and-mortar stores face increasing pressure to adapt or risk becoming obsolete. Many traditional retailers have embraced omnichannel strategies, integrating their physical stores with online platforms to provide seamless shopping experiences across multiple channels.
Furthermore, the COVID-19 pandemic has accelerated the shift towards online shopping, as social distancing measures and lockdowns have limited in-person retail opportunities. The pandemic served as a catalyst for digital transformation, prompting retailers to invest in e-commerce infrastructure and ramp up their online capabilities to meet the surge in demand for online shopping.
In conclusion, online shopping has undergone a remarkable evolution, revolutionizing the retail landscape and redefining the way consumers shop. With advancements in technology, changes in consumer behavior, and the rise of e-commerce giants, online shopping has become an integral part of modern life. As technology continues to advance and consumer preferences evolve, the future of online shopping promises even greater convenience, choice, and innovation.
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RECENT NEWS, RESOURCES & STUDIES, May 2 2020
Welcome to my latest summary of recent ecommerce news, resources & studies including search, analytics, content marketing, social media & Etsy! This covers articles I came across since the late April report, although some may be older than that. I will do my best to keep posting these at least once every 10 days if not sooner.
Have any topics you would like to see me cover in more detail? Drop me a line here on Tumblr, or email me through my website. I’m also on Twitter and YouTube if you prefer social.
TOP NEWS & ARTICLES
If you sell on Etsy, this is your reminder that the Offsite Ads program kicks in on May 4, and people who make under $10K a year on Etsy can opt out if they want to avoid the additional fees. I have a summary here.
Issues with mail delivery during the pandemic continue. Canada Post has suspended on time delivery guarantees and warns of December level volume. USPS is not shipping to 113 countries, including many APO addresses.
I am still interested in posting articles and lists of resources for small businesses and artists during the pandemic, so please pass on any good resources you know about. HubSpot did a page for Australia, and one for the United States. See my previous edition for a longer list.
ETSY NEWS
Mask sales have created a huge boom for Etsy, but also some busts. “Suddenly millions of people were logging on to Etsy, searching for masks nine times every second, the company calculated.The site was not ready for the rush….There are now 50,000 sellers on Etsy who have each sold at least one mask; 10,000 have sold at least 100. Etsy staff spent time calling the most popular sellers to weed out scams, but also to ensure well-meaning sellers were not over-promising.” There have been many threads from sellers whose shops were de-indexed due to both bots and to Etsy wanting to limit their sales until they catch up on open orders, creating a lot of complaints at a time when their customer service response is hugely delayed.
Some sellers report receiving listing credits for masks, although several who received money did not sell masks, and many others who did sell masks got nothing.
Another Seller Handbook post on what people are looking for while they are under lockdown (TL;DR: home decor, activities, bath & beauty) , as well as suggestions for how you can pivot your shop. They include the top search terms for each area; some examples: washable paper towel, garden, birthday gift, printable wall art, puzzle, board game, puzzle adult. “As shoppers transform their living spaces for multifunctional uses like working, exercising, and homeschooling, they’re looking for cozy comfort as well as fresh, on-season style updates that offer mood-boosting appeal….113% YoY increase in searches on Etsy for “home office...127% YoY increase in searches on Etsy for “indoor garden...“Face mask” was the top searched term for the last five weeks (as of April 23, 2020)” Finally, “In recent Etsy buyer research, one third of shoppers who anticipated purchasing on Etsy in the next three months reported planning to buy gifts.” [Although the article doesn’t mention this, I strongly recommend emphasizing somewhere in your shop that you can send the order directly to the gift recipient, if you sell giftable items but sales are down right now. I am getting a lot more requests for gift notes than usual, and more people are paying for tracking so they know when the gift arrives.]
A study says that 30% of Etsy sellers do not save for emergencies, and 74% want Etsy to help them when emergencies arise.
Two new features for users of Etsy’s USPS labels: free pick up requests, and easy customer return labels.
Etsy launched an exclusive collection with Joseph Altuzarra.
SEO: GOOGLE & OTHER SEARCH ENGINES
Moz just came out with an excellent guide to keyword research that you all should at least bookmark to come back to later, even if you don’t do keyword research now. The introduction contains a good definition of long tail with a graph; “Only about 20% of the keywords people search for will be popular "head" terms. The majority of keyword phrases will be less-frequent, long-tail keywords.” There’s even a downloadable 2-page cheat sheet on the basics at the end.
There may have been a Google search update around April 16, but I am mostly posting this article for the graphs showing search volatility in the past 1-2 months; those changes in the second half of March into early April seem to be mostly user-driven due to the pandemic, rather than algorithm changes.
Backlinks are not all created equal, and time is sometimes one of the factors in weighting them. [text and video]
This analysis of near 12 million Google search results turned up some interesting correlations with ranking. Not surprisingly, sites in first place have many more backlinks on average than the other sites on the same page. It was a bit surprising to learn that page loading speed didn’t correlate with ranking at all (that may change once everyone goes to mobile first indexing in the fall), nor did using the keyword in your title tag. “Pages in Google’s top 10 results contain 65% to 85% of the keywords that they’re ranking for in their title tag. However, we found very little (if any) correlation between keyword-optimized title tags and higher rankings on the first page.”
Google may delay its move to complete mobile-first indexing by September, depending on how sites are managing due to the recent disruptions.
Some businesses are moving the money they spent on advertising over to SEO, because there is a longer-term payoff vs. a short term impact from someone seeing an ad on a given day. Good SEO can get you ranking on many search engines for years, if you are lucky.
(CONTENT) MARKETING & SOCIAL MEDIA (includes blogging & emails)
Not surprisingly, the top times for social media traffic have changed during the pandemic; here’s an updated list.
Thinking of starting a YouTube channel? Here’s a beginner’s manual including screenshots on how to set it up, as well as tips on YouTube SEO & other marketing tactics.
Don’t know what to put in your email newsletters? HubSpot picked 17 examples they think are awesome.
Facebook rapidly revamped & expanded its video chat option to compete with Zoom & Houseparty, called Messenger Rooms. Note that “Room calls are not end-to-end encrypted, but Facebook says it does not view or listen to calls.” The are also working on the ability to charge people to watch live streams.
Twitter had a good first quarter but the stock still fell because it does not look like they are recovering from the pandemic effects very quickly.
ONLINE ADVERTISING (SEARCH ENGINES, SOCIAL MEDIA, & OTHERS)
As mentioned in my last edition, Google Shopping is now offering free listings on its US platform, and rolled out a bit early for some even though the start date was given as April 27. Your Etsy listings will not be shown in the free ads if you opt out of Etsy’s Offsite Ads program, and you are not allowed to add marketplace listings to GS yourself, but this may be something you are interested in for your website, if you sell to the US. Some tips on setting up Merchant accounts correctly for this here and here, and optimizing your listings here. If your standalone is on Shopify, they have instructions here.
As ad prices are dropping for some items on some platforms, it has become easier for small businesses to start campaigns, especially experienced online sellers who can now take advantage of the ecommerce boom. [I agree with this for the right types of items or service, but I don’t think it is going to work for everything.]
New to online advertising, and don’t know where to start? HubSpot has a good introductory overview here, with details on the main options available.
Google is offering ad credits to small & medium sized businesses as pandemic relief, starting in late May. Note that you need to have been running ads last year with Google to be eligible. .
Google Ad users will soon need to submit proof of identity & location, starting with US users. The move is to help prevent scammers and increase transparency. Early response to the announcement is mixed.
Facebook is no longer forcing advertisers to use its Campaign Budget Optimization, meaning businesses will continue to be able to set different budgets across all of their campaigns.
STATS, DATA, OTHER TRACKING
If you have an ecommerce site built with Wordpress, here’s how to track your email newsletter clicks through Google Analytics.
And for your ecommerce site, the best alerts to set up in GA.
Bing Webmaster Tools has a great feature that tracks traffic to connected accounts other than your website or blog - but Twitter has been removed from this list.
There are far more Instagram analytics apps than I thought.
ECOMMERCE NEWS, IDEAS, TRENDS
Many ecommerce platforms/website providers are being pressured to reduce the fake COVID-19 disinfectants on their sites, including eBay, Facebook, Shopify & Alibaba.
There is a new app that lets buyers shop with multiple businesses who run their sites through Shopify, called Shop. Among other things, it will feature businesses local to the user: “A recent survey of global consumers by Ernst & Young found that 34% of respondents are willing to pay more for local products amid the pandemic.”
Shopify’s stock is flying high right now, and it has become the second-most valuable company in Canada, in part due to the surge of sign ups after the start of the pandemic.
Since page loading speed is important to buyer conversions as well as SEO, if you have a Shopify site, you will want to read about which themes are the fastest & slowest to load. A few are ridiculously slow, & you will want to consider your goals if you are thinking of using them.
Jeff Bezos has moved back to managing Amazon operations due to the pandemic. “Bezos was also personally involved in Amazon’s decision to suspend third-party vendors from shipping non-essential items to Amazon’s warehouses, helping ease the load on workers so that they could more efficiently ship goods like baby products, groceries, pet supplies and personal care products. He also signed off on Amazon’s move to halt tactics it normally uses “to encourage customers to put more items in their shopping carts”.
Meanwhile, Amazon VP states that Amazon has done a lot for sellers during the pandemic, including suspending “repayment of all Amazon Lending loans for sellers in the United States and the United Kingdom until April 30.” I guess that is why their profit fell to only $2.5 billion in the first quarter of 2020 despite their gross sales being up 29% due to the pandemic buying.
Amazon’s pilot program for verifying new sellers by video calls is continuing; contrary to previous reports, they say they are not using facial-recognition technology, but they are checking photo ID against the video call.
eBay has extended its suspension of most seller performance standard rules until June 19 for sellers in the UK. They are also extending their free listing offers, and after banning mask sales are now apparently envying Etsy’s sales and are encouraging sellers to make fabric masks.They are also planning a way to confirm sales that involve local pickups [podcast & transcript].
eBay had lower 1st quarter results than they & others had predicted, so the stock went down. Here is the call transcript for those interested.
BUSINESS & CONSUMER STUDIES, STATS & REPORTS; SOCIOLOGY & PSYCHOLOGY, CUSTOMER SERVICE
The pandemic sales trends have switched from hoarding essentials to food & home comfort items. “As spring eased toward summer, cooking at home also began to include gardening. "We see continued growth in gardening," said Ventry. ... Growing herbs, he said, played well with the home cooking trend, too. "We saw similar trends from 2008 to 2010, during the recession."
Ecommerce sales are way up, perhaps 50% up in the US right now, and some of these people will continue their increased online shopping, so it is a good time to launch many types of new campaigns. (warnings - some “not safe for work” language)
HubSpot has been producing a weekly pandemic report on its customers core business stats, such as website traffic & sales rates. They speculate that we might be seeing a bit of an overall recovery as of last week.
MISCELLANEOUS
There are still more good work-from-home articles coming out that can also be relevant for those of us who have been doing this for a while now. Using a schedule to be more productive is a common topic. As is managing to be productive with kids around.
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Mobile Payment Market growth, business opportunities, share value, key insights and size estimation by 2031 | American express company, Apple Inc., Google, LLC
Global Mobile Payment Market report from Global Insight Services is the single authoritative source of intelligence on Mobile Payment Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A mobile payment is a money transfer made using a mobile device such as a smartphone. Mobile payments can be made in a number of ways, including text message, mobile app, and contactless payments.
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Key Trends
The key trends in mobile payment technology are the following:
-The use of mobile devices for financial transactions is increasing at a rapid pace.
-There is a growing number of mobile payment platforms and apps available.
-Contactless payments are becoming more popular.
Key Drivers
The mobile payment market is growing rapidly due to the increasing adoption of smartphones and other mobile devices. The key drivers of this market are the convenience and security of mobile payments, the increasing number of mobile users, and the growing number of merchants accepting mobile payments.
Mobile payments are convenient because they allow users to make payments using their mobile devices without having to carry cash or credit cards. They are also secure because they use strong encryption to protect users’ personal and financial information.
Market Segmentation
By Payment Type
Proximity
Remote
By Transaction Mode
Mobile Web Payments
Near-Field Communication
By End User
Personal
Business
By Region
North AmericaThe U.S.
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Key Players
American express company
Apple Inc.
Google, LLC
JPMorgan Chase & Co
Mastercard
One97 Communications Limited
PayPal Holdings,Inc.
PayU
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Latest Technology Trends In Information Technology You Must Follow In 2022
The latest technology trends derive from advances in hardware and software development, data analysis, security, medical emergencies, sustainability, privacy concerns, connectivity, and communication.
Technology has also progressed due to remote and hybrid working.
Despite the COVID-19 pandemic, there are still a lot of innovative technologies to look forward to in 2022. Businesses adjust to the new normal by releasing new technologies to help other companies manage their work.
Here are 10 latest technology trends in information technology to watch this year.
1. Cybersecurity powered by AI
In 2022, cyberattacks grew significantly. Rising cyberattacks, phishing scams, and ransomware demand tech solutions from cybersecurity firms. Millions of dollars are lost every year due to cyber criminals hacking personal accounts, critical infrastructure, and businesses of all sizes.
As a result of the COVID-19 virus, workplace digitization and remote working made online data security training a priority. Also, companies are using artificial intelligence (AI) tools to monitor and protect their networks in real-time and not after the fact. Furthermore, cloud storage providers offer end-to-end encryption for online data storage and data transfer.
2. 5G technology adoption
More people, more data, and more connections will drive the adoption of 5G in 2022. The Ericsson Mobility Report from Statista Research estimates one billion subscriptions to 5G technology this year. 5G will have 100 times the upload, download, data transfer, and streaming speeds of 4G.
Using 5G, Smart Things (IoT) will become more connected and work together. 5G connections do not suffer from significant speed, latency, or reliability drops like 4G connections. This is due to the network-slicing feature, which creates independent networks with different services. In addition, 5G can communicate with a million devices per square kilometer while 4G struggles to connect in densely populated areas.
3. Internet of Behaviors (IoB)
Businesses on the Internet will improve marketing targeting and personalization. Home IoT devices are gaining in popularity. Companies can analyze big data with analytics. Businesses can use this information to increase customer satisfaction, enhance their service, and market their products. Despite efforts, businesses find it difficult to convince consumers to accept the personalization.
4. Machine learning and artificial intelligence (AI)
Artificial intelligence guides navigation apps through different locations, and machine learning predicts what users will search for based on results.
Artificial intelligence also appears in manufacturing automation, self-driving cars, and smart online assistants like Siri and Google.
Additionally, AI helps with hotel and airline reservations. It can generate reports that allow organizations to formulate strategies based on tons of data.
5. Metaverse
Metaverse trends and technologies have gained popularity since Facebook became Meta. People can use avatars in the metaverse to socialize, work, shop, collaborate and play games. Virtual reality and augmented reality (AR) bring the metaverse to life.
6. Blockchain technology
In addition to cryptocurrencies, blockchain technology provides a new level of encryption. Blockchain technology is now emerging as a viable solution to many tech challenges after years of uncertainty. Its decentralized database underpins cryptocurrencies, digital payments, encryption technology, and blockchain gaming. Creators create digital works, sell them online, and earn cryptocurrency using non-fungible tokens (NFTs). Blockchain uses its ledger feature to protect copyrights, list title deed owners, track digital transactions, trade-in NFT marketplaces, and manage supply chains.
7. Clean technology (cleantech)
A more sustainable lifestyle is driving the development of clean technologies, or cleantech. The Cleantech industry minimizes products' environmental impact and maximizes resource efficiency. Cleantech trends include rechargeable batteries, electric vehicles, motors, solar panels, and biofuel-powered turbo generators. Cryptocurrency mining is harmful to the environment, so some companies offer alternative crypto coins, like Chia or Cardano, which consume less energy than Bitcoin.
8. Educational technology (edtech)
Edtech aims to make learning at home more engaging. Today, edtech companies offer digital platforms for remote learning. It increases the appeal of e-learning investments. Gamification makes online classes more enjoyable and engaging. Monitor and manage students' progress with AI-based platforms. AI can simplify curriculum development by suggesting lessons based on content analysis.
9. Collaborative technologies
Google Workspace and Microsoft Teams are the most common collaborative technologies. They also offer proprietary project management apps, third-party integrations, messaging applications, video conferencing, and voice calls. Document synchronization and real-time employee communication are two main benefits of collaborative technologies.
10 Telehealth
Telehealth uses machine learning algorithms as well. It can scan data and identify patients who are eligible for telehealth and send alerts if their health metrics exceed a set threshold. As a result, doctors can have better control over a patient’s day-to-day treatment. Keep up with these technology trends in 2022.
Source:- https://www.itscybertech.com/2022/03/latest-technology-trends-in-information.html
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Video Streaming Software Market 2022 Business Strategies, Revenue and Growth Rate upto 2026
According to a research report "Video Streaming Market with COVID-19 Impact, by Component (Solutions (Video Distribution and Video Analytics) and Services), Streaming Type (Live Streaming and Video-on-Demand Streaming), Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets, the global video streaming software market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.5% during the forecast period, to reach USD 17.5 billion in 2026 from USD 7.5 billion in 2021. Key factors that are expected to drive the growth of the market are theincreasing penetration of mobile devices and internet users, growing demand for VoD streaming, technological advancements in the digital media industry, and the growing need for transcoding to deliver videos to maximum users. These factors are driving the demand for video streaming software.
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Solutions segment to hold a larger market size during the forecast period.
Based on component, the video streaming software market is segmented into two categories: solutions and services. The solutions segment to hold a larger market size during the forecast period. Video streaming solutions enable organizations to centralize, manage, and securely deliver videos. Video streaming solutions help manage all the activities, from capturing to ingestion to the final delivery, on end-user devices. Video capturing, batch and programmatic uploading, automatic transcoding, inside video searching, video editing, Digital Rights Management (DRM), encryption, monetization, APIs, video player, video collaboration, and broadcast monitoring are the key features of video streaming solutions. These solutions provide various benefits, such as low latency video streaming, reduced distribution cost, lower downtime, and faster transcoding speed for enterprise customers. All these factors contribute to the rising adoption of video streaming solutions.
Cloud deployment mode segment to grow at a higher CAGR during the forecast period.
Cloud-based video streaming platforms provide multiple advantages, such as low operational expenses, easy deployment, scalability, and easy collaboration. This interests both large enterprises and SMEs. Due to the rise in the number of smartphone users, major players are focusing on offering handy and easily accessible solutions for platforms. Large enterprises and SMEs are deploying cloud-based video streaming platforms primarily for the flexibility these platforms offer. With cloud-based video streaming platforms, organizations can easily minimize their upfront costs, manage content quality, increase their Return on Investment (RoI), and broaden their customer base. Hence, large enterprises are gradually adopting cloud-based video streaming solutions. SMEs are also significantly adopting cloud-based video streaming solutions, as these cloud-based solutions are scalable and require low capital investment.
Academia and Education segment is expected to grow at a higher CAGR during the forecast period.
With every new day, the number of internet users consuming visual content is on the rise, and the use of video streaming services for the education sector is increasing. Live educational video streaming and live education broadcasting could prove to be great engagement tools and can educate, share knowledge, and conduct training programs. Video is increasingly popular in the education sector. In universities, middle schools, businesses, and online courses, videos have become a highly effective medium. A survey report suggests that 88% of respondents believe that video increases the overall student achievement levels. Live streaming and on-demand video provide several benefits to students. Among the biggest of these is accessibility. A research study conducted by Cisco shows that about two-thirds of teachers agree that video education help students learn. Even though the use of video is not new when integrating technology in the classroom, the use of live streaming is turning the tables in universities and colleges throughout the learning process, campus management, and student recruitment.
North America to account for the highest market share during the forecast period
The video streaming software market is segmented into five regions: North America, Europe, APAC, MEA, and Latin America. The video streaming software market report provides insights into these regional markets in terms of market size, growth rates, future trends, market drivers, and COVID-19 impact. North America is expected to hold the highest market share in the overall video streaming software market during the forecast period. Following North America, Europe is expected to hold the second-highest market share during the forecast period. The presence of many video streaming software vendors in the US and high awareness among enterprises about the benefits of video streaming solutions as part of strong marketing strategies, Investments in various technologies, including AI, IoT, big data, AR, and VR, and the growing rate of adoption of cloud services expected to drive the market in North America. Europe and MEA are also expected to witness high growth rates during the forecast period.
The video streaming software market comprises major providers, such as IBM (US), Kaltura(US), BrightCove (US), Panopto (US), Haivision(US), Vimeo(US), VBrick(US), Polycom (US), Qumu (US), Sonic Foundry (US), MediaPlatform(US), Akamai(US), Limelight Networks(US), Agile Content (Spain), Ramp Holdings, Inc, (US), Sproutvideo(US), Wowza(US), Dacast (US), Zixi(US), Kollective Technology (US), Muvi (US), Movingimage(US), Vidizmo(US), Ravnur,Inc. (US), uStudio (US), Contus(India), and Vidyard(Canada) . The study includes an in-depth competitive analysis of key players in the video streaming software market with their company profiles, recent developments, COVID-19 developments, and key market strategies
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