Posts tagged Juniper Research
Global AI Insurance Premiums to Exceed $20 Billion by 2024, Juniper Research Says

New data from Juniper Research forecasts that the value of AI underwritten insurance premiums will exceed $20 billion by 2024, up from an estimated $1.3 billion in 2019. This growth will be driven by streamlined underwriting processes, faster customer onboarding and reductions in operational costs enabled by AI.

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Mobile ID Platforms to be Used by 5 Billion People in 2024, Juniper Research Finds

the number of people using government-issued digital identity credentials will grow by over 150% from an expected 1.7 billion in 2019 to over 5 billion in 2024, according to a new report from Juniper Research. Emerging economies in Asia and Africa are some of the biggest markets, as countries leapfrog analogue identities to benefit from the efficiencies digital registration and management bring.

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Fintech Platform Revenues Will Reach $638 Billion By 2024, Up From An Estimated $263 Billion In 2019, Juniper Research Says

Technologies such as machine learning, Big Data analytics and blockchain will be the cornerstone of fintech platforms. These factors will fundamentally alter the way financial services are delivered and drive fintech platforms to become the “new normal” according to a new report from Juniper Research.

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Bank Cost Savings Via Chatbots To Reach $7.3 Billion By 2023, As Automated Customer Experience Evolves: Juniper Research.

A new study from Juniper Research has found that the operational cost savings from using chatbots in banking will reach $7.3 billion globally by 2023, up from an estimated $209 million in 2019. This represents time saved for banks in 2023 of 862 million hours, equivalent to nearly half a million working years.

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Digital Voice Assistants in Use to Triple to 8 Billion by 2023, Juniper Research Says

A new study from Juniper Research has found that there will be 8 billion digital voice assistants in use by 2023, up from an estimated 2.5 billion at the end of 2018.

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Smartphone Content Will Drive Virtual Reality Games Revenue to $8.2 billion by 2023, Juniper Research Says.

A new study from Juniper Research has found that revenues from VR-specific games will reach $8.2 billion by 2023, rising from an expected $1.2 billion in 2019. It argued that development of smartphone VR content is essential to increase consumer confidence in VR across all platforms, following a disappointing year of hardware sales in 2018.

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Retailers to Lose $130 billion Globally in Card-Not-Present Fraud Over the Next 5 Years: Juniper Research

Retailers are set to lose some $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023, according to a new Juniper Research report. The report highlighted that increasingly complex approaches by fraudsters, alongside retailers’ inertia in adapting to new fraud prevention requirements, would be key factors behind the increases in fraud transaction value.

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Mobility-as-a-Service Revenues to Exceed $11 Billion By 2023, Juniper Research Finds

Revenues generated by the use of Mobility-as-a-Service (MaaS) platforms, which integrate multi-modal transport services (including buses, taxis, rail and metro), will exceed $11 billion by 2023, a new study from Juniper Research reveals. This is up from an estimated $100 million in 2018 and is an average annual growth of 156 percent.

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Cybersecurity Breaches to Result in Over 146 Billion Records Stolen By 2023: Juniper Research

A recent report by Juniper Research found that over 33 billion records will be stolen by cybercriminals in 2023 alone, an increase of 175 percent over the 12 billion records expected to be compromised in 2018. This will result in a cumulative loss of over 146 billion records for the whole period.

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Mobile Biometrics to Authenticate $2 Trillion in Sales By 2023: Juniper Research

Mobile biometrics will authenticate $2 trillion worth of in-store and remote mobile payment transactions annually by 2023, according to a new study from Juniper Research. This is 17 times the $124 billion expected in 2018, as initiatives furthering secure remote payment transactions and more open biometric platforms proliferate.

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IoT Security Spend to Grow 300 Percent by 2023, Juniper Research Forecasts

A new study from Juniper Research found that spending on Internet of Things (IoT) cybersecurity solutions is set to reach over $6 billion globally by 2023. The UK-based consultancy highlighted rapid growth, with spending by product and service providers (in consumer markets) and end-customers (in industrial and public services markets) to rise by nearly 300 percent over the forecast period.

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