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Digital Payment Market to Reach $457.8 Trillion by 2032 at 17.2% CAGR: Allied Market Research

Retrieved on: 
Wednesday, January 10, 2024

NEW CASTLE, Del., Jan. 10, 2024 /PRNewswire/ --  Allied Market Research published a report, titled, "Digital Payment Market by Offering (Solution and Service), Transaction Type (Domestic and Cross Border), and Industry Vertical (BFSI, IT & Telecom, Healthcare, Retail & E-commerce, Media & Entertainment, Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032". According to the report, the global digital payment industry generated $95.5 trillion in 2022, and is anticipated to generate $457.8 trillion by 2032, witnessing a CAGR of 17.2% from 2023 to 2032.

Key Points: 
  • In addition, the ongoing global shift towards a cashless economy has encouraged businesses and consumers to embrace digital payment solutions.
  • Based on transaction type, the domestic segment held the highest market share in 2022, accounting for more than two-thirds of the global digital payment market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to the growing popularity of peer-to-peer (P2P) payments which is propelling the growth for domestic segment in digital payment market.
  • However, the cross border segment is projected to manifest the highest CAGR of 19.3% from 2023 to 2032, owing to the rise of digital wallets and mobile payment apps that facilitate cross-border transactions.
  • Surge in adoption of online payments by various private players, government programs supporting digital transactions, and increase in contactless payments are expected to boost the digital payment market in Asia-Pacific.

Digital Payment Market to Reach $457.8 Trillion by 2032 at 17.2% CAGR: Allied Market Research

Retrieved on: 
Wednesday, January 10, 2024

NEW CASTLE, Del., Jan. 10, 2024 /PRNewswire/ --  Allied Market Research published a report, titled, "Digital Payment Market by Offering (Solution and Service), Transaction Type (Domestic and Cross Border), and Industry Vertical (BFSI, IT & Telecom, Healthcare, Retail & E-commerce, Media & Entertainment, Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032". According to the report, the global digital payment industry generated $95.5 trillion in 2022, and is anticipated to generate $457.8 trillion by 2032, witnessing a CAGR of 17.2% from 2023 to 2032.

Key Points: 
  • In addition, the ongoing global shift towards a cashless economy has encouraged businesses and consumers to embrace digital payment solutions.
  • Based on transaction type, the domestic segment held the highest market share in 2022, accounting for more than two-thirds of the global digital payment market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to the growing popularity of peer-to-peer (P2P) payments which is propelling the growth for domestic segment in digital payment market.
  • However, the cross border segment is projected to manifest the highest CAGR of 19.3% from 2023 to 2032, owing to the rise of digital wallets and mobile payment apps that facilitate cross-border transactions.
  • Surge in adoption of online payments by various private players, government programs supporting digital transactions, and increase in contactless payments are expected to boost the digital payment market in Asia-Pacific.

Hollo.AI Launches Platform to Create and Secure Ownership of AI Digital Identity and Monetize with AI Side Hustles

Retrieved on: 
Thursday, November 16, 2023

With Hollo.AI, users can create, verify and manage their own AI "digital twins,” monetizing through AI Side Hustles like content creation across games, metaverses, podcasts, virtual assistance, audio books, voiceovers, customer service, brand deals and much more.

Key Points: 
  • With Hollo.AI, users can create, verify and manage their own AI "digital twins,” monetizing through AI Side Hustles like content creation across games, metaverses, podcasts, virtual assistance, audio books, voiceovers, customer service, brand deals and much more.
  • Hollo.AI empowers ethical usage of AI via blockchain verification and registration to promote trust and transparency between creators, fans and businesses.
  • Verified Hollo.AI Twins will earn a verified “blue check mark” signifying that it is their official verified AI identity.
  • "With AI moving at rapid speed, many creators are looking for a way to control what happens to their digital image,” said Rex Wong, CEO of Hollo.AI.

Utilities Security Market to Reach $31.2 Billion by 2032 at 15.9% CAGR: Allied Market Research

Retrieved on: 
Friday, December 15, 2023

NEW CASTLE, Del., Dec. 15, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Utilities Security Market by Security Type (Physical Security, Cyber Security, and Others), Deployment Mode (On-premise and Cloud), and End User (Oil & Gas, Electricity, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032," According to the report, the global utilities security market generated $7.3 billion in 2022 and is estimated to reach $31.2 billion by 2032, exhibiting a CAGR of 15.9% from 2023 to 2032. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

Key Points: 
  • The need for remote monitoring tools that enable utilities to carry on with operations while lowering the danger of exposure has therefore increased.
  • During the outbreak, the utilities industry emerged as a top target for hackers.
  • In the utilities security sector, artificial intelligence (AI) and automation technologies are getting more popular.
  • By end user, the oil and gas segment accounted for more than half of the global utilities security market share in 2022, and is expected to dominate the market by 2032.

Utilities Security Market to Reach $31.2 Billion by 2032 at 15.9% CAGR: Allied Market Research

Retrieved on: 
Friday, December 15, 2023

NEW CASTLE, Del., Dec. 15, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Utilities Security Market by Security Type (Physical Security, Cyber Security, and Others), Deployment Mode (On-premise and Cloud), and End User (Oil & Gas, Electricity, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032," According to the report, the global utilities security market generated $7.3 billion in 2022 and is estimated to reach $31.2 billion by 2032, exhibiting a CAGR of 15.9% from 2023 to 2032. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

Key Points: 
  • The need for remote monitoring tools that enable utilities to carry on with operations while lowering the danger of exposure has therefore increased.
  • During the outbreak, the utilities industry emerged as a top target for hackers.
  • In the utilities security sector, artificial intelligence (AI) and automation technologies are getting more popular.
  • By end user, the oil and gas segment accounted for more than half of the global utilities security market share in 2022, and is expected to dominate the market by 2032.

Demand Side Platform (DSP) System Market to Reach $228.4 Billion by 2032 at 27.3% CAGR: Allied Market Research

Retrieved on: 
Wednesday, December 13, 2023

NEW CASTLE, Del., Dec. 13, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Demand Side Platform (DSP) System Market by Type (Real Time Bidding (RTB) and Programmatic Premium Buying (PPB)), End User (Retail, Automotive, Financial, Healthcare, Telecom, and Others), and Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2032" According to the report, the global generated $21 billion in 2022, and is estimated to reach $228.4 billion by 2032, witnessing a CAGR of 27.3% from 2023 to 2032. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

Key Points: 
  • Many advertisers reduced their budgets or halted campaigns due to economic uncertainty and changes in consumer habits.
  • Advertisers started redirecting their budgets toward channels that showed resilience and adaptability, such as connected TV (CTV), streaming services, and digital content platforms.
  • In addition, the pandemic accelerated the digital transformation across various industries.
  • Companies, realizing the importance of online presence, increased their investments in digital marketing and e-commerce, driving the demand for ad tech services.

Demand Side Platform (DSP) System Market to Reach $228.4 Billion by 2032 at 27.3% CAGR: Allied Market Research

Retrieved on: 
Wednesday, December 13, 2023

NEW CASTLE, Del., Dec. 13, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Demand Side Platform (DSP) System Market by Type (Real Time Bidding (RTB) and Programmatic Premium Buying (PPB)), End User (Retail, Automotive, Financial, Healthcare, Telecom, and Others), and Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2032" According to the report, the global generated $21 billion in 2022, and is estimated to reach $228.4 billion by 2032, witnessing a CAGR of 27.3% from 2023 to 2032. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

Key Points: 
  • Many advertisers reduced their budgets or halted campaigns due to economic uncertainty and changes in consumer habits.
  • Advertisers started redirecting their budgets toward channels that showed resilience and adaptability, such as connected TV (CTV), streaming services, and digital content platforms.
  • In addition, the pandemic accelerated the digital transformation across various industries.
  • Companies, realizing the importance of online presence, increased their investments in digital marketing and e-commerce, driving the demand for ad tech services.

Electrolyzer Market to Reach $34.4 billion, globally, by 2032 at 27.2% CAGR: Allied Market Research

Retrieved on: 
Wednesday, December 13, 2023

WILMINGTON, Del., Dec. 13, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Electrolyzer Market by Product (Alkaline Electrolyzer, Proton Exchange Membrane (PEM) Electrolyzer, Solid Oxide Electrolyzer, and Anion Exchange Membrane (AEM)), Capacity (Less Than 500 kW, 500–2 MW, and Above 2 MW), and Application (Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heat & Power, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global Electrolyzer industry generated $3.0 billion in 2022 and is estimated to reach $34.4 billion by 2032, exhibiting a CAGR of 27.2% from 2023 to 2032. 

Key Points: 
  • Depending on the product, alkaline electrolyzer dominated the market share for electrolyzer in 2022 in terms of revenue.
  • In 2022, it contributed nearly three-fifths of the total market revenue in 2022 while growing at a CAGR of 27.1%.
  • Moreover, the use of wind and solar energy sources for electricity used in electrolysis has driven the electrolyzer market growth.
  • Ongoing R&D are focused on improving efficiency and reducing the costs of electrolyzers to enhance their competitiveness in the market.

Electrolyzer Market to Reach $34.4 billion, globally, by 2032 at 27.2% CAGR: Allied Market Research

Retrieved on: 
Wednesday, December 13, 2023

WILMINGTON, Del., Dec. 13, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Electrolyzer Market by Product (Alkaline Electrolyzer, Proton Exchange Membrane (PEM) Electrolyzer, Solid Oxide Electrolyzer, and Anion Exchange Membrane (AEM)), Capacity (Less Than 500 kW, 500–2 MW, and Above 2 MW), and Application (Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heat & Power, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global Electrolyzer industry generated $3.0 billion in 2022 and is estimated to reach $34.4 billion by 2032, exhibiting a CAGR of 27.2% from 2023 to 2032. 

Key Points: 
  • Depending on the product, alkaline electrolyzer dominated the market share for electrolyzer in 2022 in terms of revenue.
  • In 2022, it contributed nearly three-fifths of the total market revenue in 2022 while growing at a CAGR of 27.1%.
  • Moreover, the use of wind and solar energy sources for electricity used in electrolysis has driven the electrolyzer market growth.
  • Ongoing R&D are focused on improving efficiency and reducing the costs of electrolyzers to enhance their competitiveness in the market.

Home Insecticides Market to Reach $31.1 Billion, Globally, by 2032 at 7.5% CAGR: Allied Market Research

Retrieved on: 
Friday, December 8, 2023

·  Geopolitical tensions between Russia and Ukraine pose a risk to the household insecticides market.

Key Points: 
  • ·  Geopolitical tensions between Russia and Ukraine pose a risk to the household insecticides market.
  • Changes in consumer spending habits during conflicts may prioritize essential goods, altering demand for household insecticides.
  • ·  Market volatility may result from investor reactions to geopolitical events, influencing the financial well-being of companies in the sector.
  • Overall, geopolitical events can have widespread economic consequences, impacting global growth and consumer spending on products like household insecticides.