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Mobile payment has quickly taken off since the launch of Apple Pay, and many tech companies are vying to establish a dominant role in this emerging industry. Aside from having a sustainable business model, the widespread acceptance of mobile payment is critical for a service provider in generating a steady profit. A report from Topology, a division of TrendForce, states the global shipments of mobile phones with near field communication (NFC) feature reached 400 million units in 2014.
The hottest technology trend of 2015 is the Internet of Things (IoT). According to a projection by Topology, a division of TrendForce, IoT-related technologies will mature within the next five to ten years and become applicable in everyday situations. Connected to the cloud and supported by big data analytics, the number of IoT devices is set to grow by a compound annual growth rate (CAGR) of 35% between 2014 and 2020.
China’s mobile healthcare industry is now the hotspot for major investment opportunities, and close to 100 projects across a spectrum of medical fields have been set up since 2014. Montaigne Wang, an industry analyst at Topology, a division of TrendForce, said the competitive landscape of this industry will radically change with the entry of BAT (Baidu, Alibaba, and Tencent).
Seeing massive growth potential in the Internet of Things (IoT) sector, technology giant IBM on March 31 announced that it will invest US$3 billion over the next four years to create a new IoT unit. Big Blue also announced that it will work with The Weather Company to provide weather data to unmanned aerial vehicles, buildings, and smartphones sensors, so operators of these IoT-based facilities and devices will be able to make the right business decisions.
Autonomous vehicles will enter mass production by 2020 as more and more major auto makers in recent years have committed to their R&D, according to Topology, a division of TrendForce. Furthermore, the scale of the market will likely surpass a million vehicle mark by 2035.