Report says mobile VR content is vital for the VR industry to take off

Mobile VR - Virtual Reality Headset - Looking to the Future

New Juniper Research study has found that VR-specific game revenues will skyrocket to $8.2 billion by 2023. Mobile VR (virtual reality) content is expected to drive the VR games industry revenue up to $8.2 billion from 2019’s expected $1.2 billion, according to a new study from mobile, online and digital marketing specialists, Juniper Research. Smartphone virtual reality content is essential to boost consumer confidence in VR across all platforms. Juniper noted, however, that the success of virtual reality is heavily dependent on Mobile VR content, which is necessary to increase…

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Contactless payments to account for 1 in 3 in-store transaction by 2020, report

contactless payments - debit machine

Payment cards and mobile wallets will reach $2 trillion in two years. Worldwide, in-store contactless payments transactions will exceed $1 trillion for the first time this year. This is according to recent data published by Juniper Research. The leading fintech analysts also estimate that, globally, in-store contactless monetary transactions will hit $2 trillion by 2020 and will represent 15 percent of the total point-of-sale transactions. Both card payments and mobile wallets are expected to drive the growing use of these payments. Even though both of these contactless payments will be…

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Facial ID proves unpopular among consumers as a mobile payment security verification

iphone facial ID selfie

A new Juniper Research study revealed that over 40 percent of iOS users don’t want to use this security tech. More than one in three iOS device users in the United States do not intend to use facial ID technology as a part of their mobile payment security. This, according to Juniper Research survey findings. The findings suggest that Apple’s own customers may not feel comfortable with the new facial recognition tech. Facial ID tech is among the latest Apple releases. However, its own customers seem to find voice recognition…

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Augmented reality apps get a shot in the arm from wearables

augmented reality technology Mobile commerce

According to findings from Juniper Research, AR applications will gain from enterprise head-mounted devices. Juniper Research has now released some of its newest findings, which have revealed that augmented reality apps stand to experience a significant boost once enterprise head-mounted devices begin to truly take off. The findings predicted that by 2019, these AR applications will have generated $2.4 billion in annual revenues. That type of income for augmented reality apps represents a considerable growth from the current trends. Last year, the earnings for those applications were estimated to have…

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Alibaba shows off new technology for mobile payments

mobile commerce payments smartphone shopping

Alibaba announces the Smile to Pay service, using facial recognition technology Alibaba has been showcasing some new technologies recently, including facial recognition technology that could change the way people pay for things. The company has announced a new service, called Smile to Pay, which is currently in a beta testing phase. Alibaba CEO Jack Ma showed off the new service during a recent event, which highlighted the way the service could be used to authorize mobile payments. The service could help add more security to the mobile commerce space, if…

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