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Mobile Payment Expands into Various Consumer Applications and Will Add Wearables and Cars into Its Ecosystem This Year, Says TrendForce

15 March 2016

At this year’s Mobile World Congress (MWC), the mobile payment industry took another significant step in progress with the reveal of several cross-device payment services. Visa, for example, announced that it has partnered up with smartwatch maker Pebble and auto giant Honda to bring Visa’s payment services into cars and wearable devices.

TrendForce Anticipates Soaring Growth for Global Medical Device Market as Healthcare and ICT Industries Converge

10 March 2016

Currently, the healthcare sector can be divided into three major subfields – pharmaceuticals, medical devices and biotechnology. The medical device industry in particular has huge growth potential due to advances in information communication technology (ICT). “New technologies have significantly enhanced the capabilities of medical devices,” said Jason Huang, TrendForce’s research manager for the healthcare industry.

TrendForce Says Global Mobile Payment Market to Reach US$620 Billion in 2016 with Apple and Samsung Staking Large Claims in the Ecosystem

1 February 2016

With major smartphone brands Apple and Samsung making a big entrance into the mobile payment business, the total revenue of the worldwide mobile payment market in 2015 reached US$450 billion, according to the global market research firm TrendForce. By the end of 2016, the total revenue is estimated to arrive at US$620 billion, representing a massive growth of 37.8% year on year.

TrendForce Expects Facial Recognition to Hit US$450 Million in Market Value in 2019 Due to the Rise of Smart Security and Smart Retail Applications

25 January 2016

Facial recognition technology is expected to enjoy accelerated growth over the next five years as its applications emerge in the government, enterprise, finance, consumer and other market sectors. According to the global market research firm TrendForce, the market value of facial recognition solutions is projected to reach US$230 million in 2015 and will grow to an estimated US$450 million in 2019.

TrendForce Says Smart Manufacturing Market Will Reach US$250 Billion in Size by 2018 as Technological Forces Revolutionize Industries Worldwide

20 January 2016

With the arrival of the age of the Internet of Things (IoT), government policies and technologies are being put in place to promote intelligent and connected solutions that are going to transform the manufacturing sector. According to the global market research firm TrendForce, the global market of technologies involved in smart manufacturing/factories is estimated to reach US$250 billion in size by 2018.

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