The 5th from ABI Researchth Annual Trends Report identifies the top trend in digital payment technologies that will come to fruition —and whoever won’t—in 2025
NEW YORK, December 24, 2024 /PRNewswire/ — As 2025 begins, predictions abound about the technological innovations expected in the year to come. In its new white paper, 101 tech trends that will (and won’t) shape 2025analysts from a global technology monitoring company ABI Search. ABI Research analysts identify 54 trends that will shape the technology market and 47 others that, while generating plenty of speculation and commentary, are less likely to shake things up over the next twelve months. In digital payment technologies, 2025 will see increased acceptance of QR code payments, but low growth for payment card ASP ICs.
“The year 2024 has been marked by challenges, ranging from global conflicts to inflationary pressures to political uncertainty. These factors have strained business and consumer spending, leading to market inertia, short-term technology investments, capital sidelining and exposure of vulnerable suppliers,” says Stuart CarlawDirector of Research at ABI Research. “From a technology perspective, many industries and end markets find themselves in that tricky stage of technology adoption where they need to formulate implementation strategies, evaluate solutions and partners, and try to see if They have the resources to deploy solutions at scale. a particularly sensitive time, which tends to suggest that in 2025, technology developers and end users will be on the brink of a period of massive technological change as they solve these problems.
What will happen in 2025:
Acceptance of QR code payments will continue to increase as use cases expand
Although acceptance of QR code payments is widespread in countries such as China and growing in emerging digital payments markets, particularly in Indiathe use cases and potential growth areas are not limited to these countries. Significant and continued investments from providers including PayPal, Stripe and SumUp are laying the foundation for increased adoption in other mature and established economies with expanding use cases. Although QR codes are already used by many small and medium-sized businesses (SMEs) and pop-up retail businesses, 2025 will mark the year the technology begins to move from niche to mainstream.
What will not happen in 2025:
Payment card IC ASPs will not return to pre-COVID-19 levels
Since the COVID-19 pandemic, chipset prices have continued to rise, driven by rising prices in myriad manufacturing areas, including energy, raw materials, mass transit prices and inflation, which pushes up wages. The chip shortage has further worsened the situation and, according to ABI Research, the average selling price (ASP) of a payment card integrated circuit (IC) increased by approximately +30% between 2020 and 2023. However, Despite the return of pricing pressures, the cost of payment integrated circuits will take a few more years to reach pre-COVID-19 levels. Although 2025 will mark another year of price depreciation, it is not until around 2028 that prices are expected to decline steadily to levels similar to those reached in 2019.
To learn about other trends that may or may not happen in 2025, download the white paper, 101 tech trends that will (and won’t) shape 2025.
About ABI Research
ABI Research is a global technology intelligence company uniquely positioned at the intersection of technology solutions providers and end-market companies. We serve as a bridge that seamlessly connects these two segments by providing proprietary research and expert advice to drive successful technology implementations and deliver proven strategies to attract and retain customers.
ABI Research is a global technology intelligence company uniquely positioned to serve as a bridge between end-market companies and technology solution providers, providing proprietary research and expert advice to drive successful technology implementations and provide proven strategies to seamlessly attract and retain customers. two entities.
For more information about ABI Research services, contact us at +1.516.624.2500 for the Americas, +44.203.326.0140 for the Americas. Europe+65.6592.0290 in Asia-Pacificor visit www.abiresearch.com.
Contact details:
Global
Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com
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SOURCE ABI Research
