The new study, Vulnerable Software Supply Chains Are a Multi-billion Dollar Problem, highlights the need for greater emphasis on the software elements of the supply chain as a critical security vulnerability. The study analysed how both shifts in wider cybersecurity processes, and the mindset around the management of the software supply chain are needed to address these risks.
“The software supply chain has been neglected over the years as a source of risk, leading to a situation where organisations face significant issues, if they cannot change the way they operate,” said Nick Maynard, report author and Head of Research at Juniper Research. “As software supply chains become more complex, the problem becomes exponentially more complicated, requiring immediate attention to resolve, through regulations, SBOMs (Software Bills of Materials), embedded security, and cybersecurity solutions.”
BlackBerry, a seasoned security vendor, commented on the study. “Enhancing the security of software supply chains is critical for national security and for building a trusted digital world,” said Arvind Raman, CISO, BlackBerry. “BlackBerry welcomes this study from Juniper Research, which outlines why software supply chain security practices must be adopted by all industries, and we are pleased to be recognised for our best-in-class security solutions that address this market need. BlackBerry has long been a champion of built-in security and a pioneer of cybersecurity, which is why we have earned the trust of organisations around the world.”
The study also examines the importance of software supply chains across several verticals, including, financial services, government, automotive, and healthcare, making the study vital reading for key stakeholders in those high-risk industries.
]]>This growth of 218% will be driven by lower merchant acceptance costs when compared to traditional card schemes. This is of particular importance now, as many merchants will be seeking to reduce costs and protect margins through the global economic downturn.
An instant payment is any payment outside of a card network that is capable of receiving funds in 10 seconds or under.
Find out more about the new research, Instant Payments: Future Opportunities, Regional Analysis & Market Forecasts 2022-2027
Almost 70% of Consumer Payments to Be Instant by Volume in 2027
The research found that the transition to instant payments for consumers will rapidly expand; reaching 70% of all global transactions by 2027, up from just over 30% in 2023.
By 2027, the three largest markets for consumer instant payments globally, by transaction volume, will be China, led by the popularity of WeChat Pay and AliPay; India, driven by UPI; and the US, brought by the introduction of FedNow. They rank as follows:
The research recommends that instant payment vendors focus on building value-added services within their offering, including real-time fraud prevention or automation of payments for B2B use cases, in order to benefit from this shift in a highly competitive market.
Merchants to Gain from Instant Payments Adoption
The research identified that the lower costs of instant payments allow merchants to pass on savings to consumers, as well as benefitting from increased speed of transfers. With instant settlement, merchants will receive payments within seconds, reducing payment settlement delays.
Report author Michael Greenwood explained: “Payment processors, who provide payments acceptance for merchants, should look to offer instant payments integration via a single API. This will allow merchants to accept instant payments at checkout alongside existing payment methods, such as cards and wallets, without needing to undertake a separate, costly and time-consuming integration process.”
]]>BaaS enables non-banking companies to offer their customers financial services without owning a banking licence or infrastructure. This allows brands to generate new revenue without using time and resources to generate new capabilities in house.
– To find out more, see the new report: Banking-as-a-Service: Segment Analysis, Competitor Leaderboard & Market Forecasts 2022-2027
– Download the free whitepaper: The Rise of BaaS (Banking-as-a-Service)
Sector Leaders
The research assessed the top 15 BaaS vendors within the global market and ranked the top 3 vendors as follows:
1. Green Dot
2. Marqeta
3. Solaris
Juniper Research evaluated each vendor based on the same criteria, which included distribution and partnerships, breadth of offering and future business prospects in BaaS. The research found that Green Dot leads the BaaS market largely due to its strong partnerships; specifically with large retailers such as Apple and Walmart. Additionally, it highlights Green Dot’s impressive array of banking and payments solutions, including card issuance, custom rewards and payroll services.
Marqeta also ranks well due to its impressive international presence; being able to leverage a competitive position when onboarding multinational customers. Similarly to Green Dot, Solaris’ success stems from its large volume of partnerships that have been achieved through its established brand, coupled with the ease of integration and technological support offered with all its services.
Research author Dominique Tetnowski explained: “As digital banking is becoming increasingly advanced, pressure is on fintechs to innovate their BaaS capabilities to exceed user expectations. Offering a solutions portfolio in BaaS that has all the capabilities needed to offer banking services means that enterprises can focus on delivering a superior user experience, which is critical in an increasingly competitive banking environment.”
]]>The new research, Mobile Voice Strategies: Future Monetisation Opportunities & Market Forecasts 2022-2026, urged operators to capitalise on the growth of Voice-over-5G users to create a new portfolio of voice services. It recommends that operators prioritise interactive calling, intelligent call routing, and the integration of AI-based IVR (Interactive Voice Services) as these provide the most immediate return on investment of Voice-over-5G.
5G to Enable Operators to Compete with OTT Apps
In particular, the report identified interactive calling as a key opportunity for operators who have launched 5G to provide more valuable voice services and compete with OTT voice apps. Interactive calling leverages 5G networks to offer advanced voice calling functionality, including interactive content and screensharing, directly in the native calling app on smartphones, thus negating the need for third‑party applications.
Current 4G voice technology, VoLTE (Voice-over-LTE), is not sufficient to support interactive calling. Whilst there are currently over 4.4 billion VoLTE users, representing over 50% of subscribers, the lower speed of 4G networks in comparison to 5G networks has thus far restricted the use of interactive features or AI in operators’ voice services.
Voice Revenue Forecast to Still Decline
Despite the growth of Voice-over-5G, the report forecasts that operator-billed voice revenue will decline by 16% over the next four years, as P2P voice traffic migrates to third-party voice apps. It urges operators to capitalise on the growth of 5G to develop new business‑oriented voice services, such as interactive calling. 5G-based voice services must emulate operators’ current business messaging solutions by levying the cost on enterprises, rather than monetising mobile subscriber usage.
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