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Digital Payment Market Size Worth $236.10 Billion By 2028 | CAGR: 19.4%: Grand View Research, Inc.


Digital Payment Market Size Worth $236.10 Billion By 2028 | CAGR: 19.4%: Grand View Research, Inc.
SAN FRANCISCO, Feb. 17, 2021 /PRNewswire/ The global digital payment market size is expected to
reach USD 236.10 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to
register a CAGR of 19.4% from 2021 to 2028. The growth can be attributed to the growing volume of non-cash transactions and a rise in the fintech sector s technological developments. Various fintech companies and banks are making efforts to improve their digital offerings to meet the changing needs of customers. For instance, in January 2021, Mogo Inc., a financial technology & digital payment company, announced the shareholder s approval for the acquisition of Carta, a digital payment company. This acquisition is expected to help the former company in strengthening its presence in the market. ....

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Anti-money Laundering Market Size Worth $3.19 Billion By 2028: Grand View Research, Inc.


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SAN FRANCISCO, Feb. 16, 2021 /PRNewswire/ The global anti-money laundering market size is expected
to reach USD 3.19 billion by 2028, according to a new report by Grand View Research, Inc. It is projected
to register a CAGR of 15.6% from 2021 to 2028. The growth can be attributed to the growing volume of non-cash transactions, coupled with a rise in technological developments in the fintech sector. In recent years, banks have increased their IT expenditure toward the adoption of advanced solutions and technologies to improve the security of their services and products.
Key suggestions from the report:
In terms of component, the software segment is expected to retain its dominance over the forecast period. This can be attributed to the fact that software can help organizations reduce the legal risk associated with money laundering activities ....

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Optical Character Recognition Market Size Worth $26.31 Billion By 2028 | CAGR: 16.7%: Grand View Research, Inc.


Optical Character Recognition Market Size Worth $26.31 Billion By 2028 | CAGR: 16.7%: Grand View Research, Inc.
is expected to reach
USD 26.31 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to register a
CAGR of 16.7% from 2021 to 2028. Digitalization plays a critical role in changing the way organizations operate. It has helped companies improve efficiency of their business processes. Enterprises are investing large amounts in technologies that can help them digitalize their work process and increase productivity. Since data is a critical element for an organization, adoption of technologies such as OCR, which enables users to convert text data in different types of documents and images into editable or accessible formats, has increased. OCR solutions are integrated with a wide range of technologies such as robotic process automation and Artificial Intelligence (AI) to enhance their capabilities. ....

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Cloud Gaming Market Size Worth $7.24 Billion By 2027 | CAGR: 48.2%: Grand View Research, Inc.


Cloud Gaming Market Size Worth $7.24 Billion By 2027 | CAGR: 48.2%: Grand View Research, Inc.
SAN FRANCISCO, Feb. 3, 2021 /PRNewswire/ The global cloud gaming market size is expected to
reach USD 7.24 billion by 2027, according to a new study by Grand View Research, Inc. It is anticipated
to register a compound annual growth rate of 48.2% from 2021 to 2027. Developments in the cloud technology have enabled the rapid distribution of cloud gaming models. Cloud gaming gives users remote access to interactive games as well as enables streaming videos over the internet. It also allows devices to smoothly run various high-quality next-generation games with lower computational power. These factors are anticipated to drive the cloud gaming market growth over the forecast period. ....

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