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Apple Pay Grows in Transaction Volume as Its Market Presence in Asia Widens, Says TrendForce

8 March 2017

Apple Pay is set to arrive in Taiwan this year, making the island the 14th market in its global expansion. Kelly Hsieh, senior research manager of TrendForce, stated that that iPhone devices currently has nearly a third of the smartphone market share in Taiwan, and this will help Apple Pay tremendously in penetrating into the local market. “Apple Pay can become a leading mobile payment platform that will gradually change the payment habit of Taiwanese consumers if it is able to win over consumers by providing strong data security and a very positive user experience,” said Hsieh.

Global POCT Market to Expand Rapidly at a CAGR of 9.7% From 2015 to 2020, According to TrendForce

7 February 2017

The aging of the world's population has led to steady annual increases in the number of patients suffering chronic diseases. With demand for long-term care of chronic diseases on the rise, the point-of-care testing (POCT) market has also experienced a boom. "Compared with other types of medical devices, POCT has experienced exceptional market growth recently," said Julie Wun, TrendForce biotechnology analyst. "The global market scale of POCT devices is projected to increase at a CAGR of 9.7% from 2015 to 2020. TrendForce's latest analysis also estimates that the global POCT market reached U$$17.8 billion in 2016. By 2020, the market scale will come to around US$25.6 billion."

TrendForce Says Global Market Value for Voice Recognition Will Register CAGR of 43.64% During 2016~2021 as Applications for AI Expands

19 January 2017

Development of AI systems and their applications will continue to revolve around voice and image recognition technologies in 2017. According to market research firm TrendForce, the global market value of voice recognition solutions is projected to grow from US$2.61 billion in 2016 to US$15.98 billion in 2021, with the CAGR in the forecast period at 43.64%. The main source of growth momentum will come from the widespread adoption of voice-based virtual assistants in various devices.

China’s Third-Party Payment Industry to Take a Huge Hit as Its RMB 500 Billion Client Reserve Funds Will Be Placed Under Centralized Management This April, Says TrendForce

17 January 2017

Starting in April 2017, third-party payment providers in China will have to put their client reserve funds under centralized management of People’s Bank of China (PBoC). This policy is expected to have a heavy impact on major domestic payment providers including Alibaba and Tencent as it prevents them from using the reserve funds to generate interest income or grow their businesses. According to market research firm TrendForce, the total amount of reserve funds that will transfer from third-party payment providers to the control of the Chinese government is estimated around RMB 500 billion.

CES 2017 Reveals AR/VR Industry Has Shifted Its Focus From Hardware to Applications, TrendForce Reports

6 January 2017

AR and VR continue to grab attention worldwide and their uses have expanded into tourism, work, warehousing operations and drones, reports TrendForce from CES 2017. The related demonstrations and announcements made at this year’s event have shown that the AR/VR industry as a whole is shifting its focus from hardware development to expanding applications. TrendForce forecasts that the annual global shipments of VR devices will reach 5.1 million units in 2017 and grow to 8.5 million in 2018. Note that the projected figures exclude mobile VR products.


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