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Open-Loop EMV Contactless Payment Cards for Transit to Rise to over 136 Million by 2025


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LONDON, May 12, 2021 /PRNewswire/  According to ABI Research, a global tech market advisory firm, the number of Open-Loop EMV Cards in ticketing use will increase worldwide from 24.8 million to 136.9 million by 2025. With contactless payment acceptance and transactions in all markets experiencing a sharp upturn during COVID-19,  approximately 150 large cities are looking to adopt EMV as another contactless payment method, which will sit alongside existing proprietary solutions, including cities in Ireland, the United Arab Emirates (UAE), India, and Russia.
The global COVID-19 pandemic has brought about a drive toward the modernization of ticketing systems in a contact-free way. While ridership has seen a significant downturn due to the pandemic, cEMV systems provide several advantages for end-users, said Sam Gazeley, Digital Security Analyst at ABI Research. Where, previously, the significant capital required to set up and i ....

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Increasing Need for Device Management Security Pushes IoT Security Services to US$16.8 Billion by 2026


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LONDON, Jan. 27, 2021 /PRNewswire/ IoT is currently experiencing an increased demand in security services focused primarily around secure device management, network security, secure data hosting, over-the-air device management, and firmware updates will push IoT security services to US$16.8 billion by 2026, according to new research by global tech market advisory firm
ABI Research.
The fervent expansion of IoT communications and interconnected assets has become a rather attractive target for cyberattacks, which have been increasing in intensity and sophistication with each passing year. Additionally, since the onset of the COVID-19 pandemic IoT connectivity, digitization and automation demands have risen sharply for most end-markets while digital security services struggled to maintain IoT operations under overburdened IT infrastructures for Operational Technologies (OT) assets, explains Dimitrios Pavlakis, Digital Securit ....

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