Analytics software firm FICO has unveiled its latest global consumer fraud research, highlighting that consumers in the Philippines have a low tolerance for inefficient digital experiences when opening an account via mobile app or website.
The preliminary market results showed that Samsung captured the top position in 2Q24 with 18.9% share of shipments, thanks to a strategic focus on its flagships and a strong AI strategy.
This approach, the report said, allows new market entrants to utilize existing network infrastructure, significantly reducing setup costs and entry barriers.
The top three ecosystems have maintained their same positions from 2020, with Silicon Valley remaining at the top, followed by New York City and London tied for number 2.
IDC forecasts worldwide public cloud services revenue will surpass $800 billion in 2024, an increase of 20.5% over 2023 with a similar increase expected in 2025.
The wearables market began 2024 with a growth spurt as global shipments of wearable devices grew 8.8% year over year in the first quarter (1Q24) to 113.1 million units, according to new data from IDC.
In Southeast Asia’s top six countries — Indonesia, Thailand, Vietnam, Malaysia, the Philippines, and Singapore — retail e-commerce sales reached $93 billion in 2023 and will rise to $193 billion by 2028 to capture 17.4% of total retail sales.
Based on recently released report from consumer credit company TransUnion, it was found that 8.3% of all digital transactions where the consumer was in the Philippines were suspected to be digital fraud in 2023.
