THE BRIEF
“ FOR US , THIS IDEA OF DIGITAL TRANSFORMATION IS NOT ABOUT ELIMINATING THE OPTION THAT ISN ' T DIGITAL , BUT ABOUT SUPPORTING AN ANALOGUE TRANSACTION AS WELL AS A DIGITAL TRANSACTION ”
Bob Leek CIO Clark County �
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BY THE NUMBERS
The size of the global IoT in the retail market
The global retail IoT market is predicted to reach US $ 124bn by 2027
According to a report by ResearchAndMarkets , the global retail IoT market is set to reach US $ 124bn by 2027 as retailers continue to adopt new technologies .
This follows a previous report by ResearchAndMarkets , which found that , in 2021 , the size of the global IoT in the retail market reached US $ 41.15bn .
“ TECHNOLOGY ALONE DOES NOT TRANSFORM COMPANIES – IT IS BUSINESS PROCESS CHANGE THAT TRANSFORMS COMPANIES , AND TECHNOLOGY MAKES IT POSSIBLE AND SCALABLE ”
Alexandre Kozlov Head of International IT , Kelly Services �
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US $ 41.15bn
2021 2027
US $ 124bn
Banking-as-a-service set for 240 % growth in next five years As the fintech banking revolution continues , a new report from Juniper Research has indicated the total banking-asa-service ( BaaS ) space will generate US $ 38bn in revenue by 2027 .
The 2022 value of the BaaS sector has been set at US $ 11bn , with the next five years of growth being driven by the global industry ’ s ability to provide a user-friendly banking and payments experience .
14 December 2022