ABI Research's 5th annual Trend Report identifies
the key Digital Payment Technologies trend that will come to
fruition —and the 1 that won't—in 2025
NEW
YORK, Dec. 24, 2024 /PRNewswire/ -- As 2025
kicks off, predictions abound on the technology innovations
expected in the year ahead. In its new whitepaper, 101
Technology Trends That Will—and Won't—Shape 2025, analysts from
global technology intelligence firm ABI Research. ABI
Research analysts identify 54 trends that will shape the technology
market and 47 others that, although attracting vast amounts of
speculation and commentary, are less likely to move the needle over
the next twelve months. In the Digital Payment Technologies space,
2025 will see increased QR code payment acceptance but little
growth for payment card IC ASPs.
"2024 has been marked by challenges, from global conflicts and
inflationary pressures to political uncertainty. These factors have
strained enterprise and consumer spending, leading to market
inertia, short-term technology investments, sidelined capital, and
the exposure of vulnerable suppliers," says Stuart Carlaw, Chief Research Officer at ABI
Research. "From a technology perspective, many industries and end
markets are in that awkward stage of technology adoption where they
are formulating implementation strategies, assessing solutions and
partners, and trying to see if they have the resources needed to
roll out solutions at scale. This is a particularly sensitive time,
which tends to suggest 2025 will have tech implementers and end
users on the brink of a period of a massive technology shift as
they work through these issues."
What Will Happen in 2025:
QR code payment acceptance will continue to increase with use
cases expanding
Although QR code payment acceptance is prevalent in countries such
as China and growing in emerging
digital payment markets, including in India, use cases and potential growth areas
are not limited to these countries. Significant and continued
investments by vendors, including PayPal, Stripe, and SumUp, are
setting the foundation for increased adoption in other mature and
established economies with use cases expanding. Although QR codes
are already being used by many Small and Medium Enterprises (SMEs)
and pop-up retail businesses, 2025 will mark the year when the
technology begins to shift from one niche to partial
mainstream.
What Won't Happen in 2025:
Payment card IC ASPs will not return to pre-COVID-19
levels
Since the COVID-19 pandemic, chipset pricing has been on a
continual rise, driven by increased pricing in myriad manufacturing
areas, including energy, raw material, transit pricing, and
inflation, driving up wages. The chip shortage further compounded
this, and according to ABI Research, the Average Selling Price
(ASP) for a payment card Integrated Circuit (IC) increased by
approximately +30% between 2020 and 2023. However, despite pricing
pressures returning, the cost of payment ICs is some years away
from matching pre-COVID-19 levels. Although 2025 will mark another
year of pricing deprecation, it will not be until around 2028 when
pricing is expected to drop to levels similar to those achieved in
2019 steadily.
For more trends that will and won't happen in 2025, download the
whitepaper, 101 Technology Trends That Will—and Won't—Shape
2025.
About ABI Research
ABI Research is a global technology intelligence firm uniquely
positioned at the intersection of technology solution providers and
end-market companies. We serve as the bridge that seamlessly
connects these two segments by providing exclusive research and
expert guidance to drive successful technology implementations and
deliver strategies proven to attract and retain customers.
ABI
Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research's services, contact us
at +1.516.624.2500 in the Americas, +44.203.326.0140 in
Europe, +65.6592.0290 in
Asia-Pacific, or
visit www.abiresearch.com.
Contact Info:
Global
Deborah Petrara
Tel:
+1.516.624.2558
pr@abiresearch.com
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