IDC FutureScape Figure

Executive Summary

IDC FutureScape Predictions

Summary of External Drivers

Predictions: Impact on Technology Buyers

Prediction 1: By 2023, 30% of Corporate Payments Will Be Originated by Fintechs, Connecting to Banks via Open APIs and Running on Real-Time Schemes; Corporate Payments Will Drive New Open Banking Models

Associated Drivers

IT Impact

Business Impact

Guidance

Prediction 2: By 2023, More than a Dozen Nations Will Begin Issuing a Digital Currency Using Blockchain Technologies to Promote Economic Stability and Encourage Financial Inclusion

Associated Drivers

IT Impact

Guidance

Prediction 3: By 2023, 75% of G2000 Companies Will Have Added e-Invoicing Capabilities as Driven by Government Mandates; e-Invoicing Will Be Better Enabled by Real-Time Payment Scheme Features

Associated Drivers

IT Impact

Guidance

Prediction 4: By 2024, 60% of In-Store and Online Merchants Will Accept Multiple Noncard Retail Payments Operationalized by Direct-from-Bank Schemes and eWallets, Forcing Change in Traditional Card Models

Associated Drivers

IT Impact

Guidance

Prediction 5: By 2025, 40% of Cross-Border eCommerce B2C Sellers Will Adopt a Merchant-of-Record Model Enabled by Global Networks of Localized Payment Acceptance Methods

Associated Drivers

IT Impact

Guidance

Prediction 6: By 2025, 40% of Businesses Will Rely on Digital B2B Payment Providers to Optimize for Speed, Reduced Terms, Financing, and Cross-Border Access

Associated Drivers

IT Impact

Guidance

Prediction 7: By 2023, 30% of Merchants Will Employ Subscription- or Consumption-Based Models, Enabled by IoT and Automated, Contactless Payments

Associated Drivers

IT Impact

Guidance

Prediction 8: By 2020, 80% of Mobile Payments Will Be Handled by Tech Platform Giants as Transactions Are Integrated into a Wider Commerce Experience

Associated Drivers

IT Impact

Business Impact

Guidance

Prediction 9: By 2022, 20% of Banks Will Have Retail Partnerships That Will Provide Consumers with Microlending Solutions at the Point of Sale

Associated Drivers

IT Impact

Guidance

Prediction 10: By 2020, 40% of Payment Service Providers Will Offer Integrated Fraud Services, Making Fraud Coverage a Central Element of the Integrated Payment

Associated Drivers

IT Impact

Business Impact

Guidance

Advice for Technology Buyers

External Drivers: Detail

Rising Customer Expectations: More Convenience, Customization, and Control

Description

Context

The Age of Innovation: Driving the Future Enterprise

Description

Context

The Platform Economy: Competing at Hyperscale

Description

Context

Accelerated Disruption: Navigating Business Challenges as Volatility Intensifies

Description

Context

Intelligence Everywhere: AI's Opportunity and Implications

Description

Context

Crisis of Digital Trust: Escalating Threats Mandate Strategic Responses

Description

Context

The Future of Work: Agile, Augmented, Borderless, and Reconfigurable

Description

Context

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