IDC Estimates Global Spending on Edge Computing to Grow at 13.8% Reaching Nearly $380 Billion by 2028.- IDC
The International Data Corporation (IDC) released its latest forecast for Worldwide Edge Computing Spending Guide, featuring a new enterprise industry taxonomy. The newly added structure now includes 27 industries, providing a more detailed and nuanced segmentation by region and country across key manufacturing sectors such as automotive, industrial, consumer packaged goods, life sciences, high-tech and electronics, and aerospace. According to IDC, global spending on edge computing solutions accounts for nearly $261 Billion in 2025 and is projected to grow at a compound annual growth rate (CAGR) of 13.8%, reaching $380 Billion by 2028.
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Low Satisfaction Scores for AI Services Reflect ‘Growing Pains’ as Enterprises Struggle with Adoption. -ISG
Services related to AI and specifically generative AI often fell short of enterprise expectations in 2024, according to a new report from Information Services Group (ISG), a global AI-centered technology research and advisory firm.
The ISG Star of Excellence CX Insights Report for 2024, an annual review that sheds light on what enterprise buyers think about their service and solution providers, shows that GenAI earned the lowest average CX score of any emerging technology. The findings suggest many clients believe the value they get from GenAI services does not yet justify the cost.
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Corporate Boards Raise Concerning Knowledge Gaps When It Comes to Sustainability, New BCG Research Finds
Though significant progress has been made on boardroom awareness and acceptance of the sustainability agenda, capacity challenges and a self-declared lack of expertise at the board level have revealed a gap between intentions and prioritization of the environmental, social, and governance (ESG) agenda.
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Semiconductor Market Extends Record Decline Into Fifth Quarter — Omdia
New research from Omdia reveals that the semiconductor market declined in revenue for a fifth straight quarter in the first quarter of 2023. This is the longest recorded period of decline since Omdia began tracking the market in 2002. Revenue in 1Q23 settled at $120.5B, down 9% from 4Q22. The semiconductor market is cyclical, and this prolonged decline follows the upsurge as the market grew to record revenues in each quarter between 4Q20 through 4Q21 following increased demand from the global pandemic.
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Time to Level up 5G and Core? New Insights from Frost & Sullivan
The telecom industry has witnessed rapid 5G deployments globally. Digitally-enabled services such as 5G cameras, AR-assisted maintenance, remote control, and robotic patrolling are now being widely used in verticals such as mining, healthcare, transport, and manufacturing. But despite the rapid deployment and adoption of 5G, there is still room for considerable improvement to unleash the true potential of this technology. With 6G technology likely to be commercially deployed only by 2030, the existing 5G technology might soon need to level up.
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Recent White House Executive Order to Bolster Care Infrastructure, Cites BCG Research
According to a recent BCG report, about 56% of US workers have care responsibilities outside their full-time jobs. Approximately 40 million of these caregivers rely on paid care—such as nannies, daycares, or nursing homes—in order to hold jobs. Looking at these figures, there are two central aspects of the care economy that must be addressed to avoid an economic loss equivalent to losing half of the annual GDP growth projected from 2022–2023.
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IDC's Forecast for Worldwide IT Spending in 2023 Continues to Slowly Trend Downward
For the fifth consecutive month, IDC has lowered its 2023 forecast for worldwide IT spending as technology investments continue to show the impact of a weakening economy. IDC projects overall growth this year in constant currency of 4.4% to $3.25 trillion. This is slightly down from 4.5% in the previous month's forecast and represents a swing from a 6.0% growth forecast in October 2022.
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Omdia: Global Streamers’ Online Original Production Returned to Growth in 2022
After being hit by production delays and cancelations caused by the COVID-19 pandemic in 2021, content origination by the world’s leading online streamers rebounded in 2022. Netflix, Amazon, Apple TV+, Disney+, HBO Max, Hulu, Paramount+, and Peacock collectively released a total of 1,752 titles and 4,878 hours of first-run original content in 2022, a YOY increase of 60% in titles and 87% in hours.
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Gartner Identifies Top Trends to Impact CMOs in 2023
With more pressure to drive efficient growth during disruptive times, there are three trends that will impact CMOs in 2023, according to Gartner, Inc. “In order to meet the enterprise mandate of driving growth amid continued disruption, CMOs must act decisively to prioritize their investments and their strategy for the year ahead,” says Ewan McIntyre, chief of research in the Gartner Marketing practice.
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The First Potential Recession in the ‘As-a-Service’ Technology World Reports IDC
IDC predicts the first potential recession in the context of a ‘As-a-Service’ Technology Landscape.
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BTR Roundtable: Culture of Automation, Standardization and Ad-Hoc Collaboration Emerges as Key to Success in ISR Applications Across Emergency Management Operations
BizTechReports presents an open and industry-focused conversation on the role of ISR in providing support for emergency management agencies as well as the hurdles in the way of accelerated adoption. Our panel of experts explore the latest evolutions in ISR technologies and how these systems can be rapidly deployed by prospective agencies. We also identify the various stakeholders within the target audience groups of ISR technologies providers and some best practices for how the ISR community can work together to identify and engage with emergency management agencies.
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Two Key Growth Areas in the Content Creator Market: Game Streaming and Podcasting, Finds Futuresource Consulting
Content creation has transformed thanks to the spread of distribution platforms that can spread its media, like social media and other forums. But within the last few years, certain areas of the content-creation market have set off exceptional ripples even for the larger digital revolution. For manufacturers of audio or video equipment, the question isn’t what they should expect these markets to do—it is how they should expect these markets to grow, and because of whom.
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The Future of Money is Digital for Traditional Banks, According to Everest Group Findings
Everest Group reports the year 2020 and Q1 2021 produced a seven-fold surge in retail and institutional investments in cryptocurrencies and related crypto assets, driven by increased investor demand, pandemic-fostered digitalization and clarity in regulatory tenets. The cryptocurrency market hovered around $2 trillion through April 2021 and is projected to reach $24 trillion by 2027. Traditional banks are realizing digital assets are the future of money.
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EMEA External Enterprise Storage Market Takes a Breath and Eyes Recovery in the First Quarter of 2021, Says IDC
The EMEA external storage systems market value was up 4.5% year on year in dollars but down 4.3% in euros in 2021Q1, according to International Data Corporation's (IDC) EMEA Quarterly Disk Storage Systems Tracker. Once again, the exchange rate played a key role in making the year-on-year comparison more favorable when looking at it in dollars rather than euros.
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Data Centers Set to Increase Their Capacity by 20 Million Square Feet in 2021, New Findings From Omdia
The top 35 cloud and colocation service providers opened 10 million square feet of data center capacity in 2H20 according to Omdia’s latest Cloud & Colocation Data Center Building Tracker, despite lingering impacts of the COVID-19 pandemic. Approximately 51% of the new capacity was brought online by colocation service providers and 48% by cloud service providers.
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Corporate Spending on Diverse Suppliers Rose an Average of 54% in Recent Years, According to New Research from Bain & Company and Coupa
The wave of protests against systemic racism in 2020 prompted leadership teams across the country to increase engagement with businesses owned by Black people, women and other underrepresented groups. A growing number of executives are confirming that not only is diversifying their supplier base a good move for society, but also improves business performance.
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Cybersecurity Control Failures Topped Executive Concerns in 1Q21, Says Gartner
Despite a myriad of risks resulting from the pandemic, such as the new work environment and environmental, social and governance (ESG) concerns, cybersecurity risk was singled out with notable consistency across all geographic regions and most industries, cited by 67% of respondents. The next highest cited risk, “the new working model” was cited by 43% of respondents.
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Worldwide IT Spending is Predicted to Reach $4 Trillion in 2021, New Forecasts From Gartner
Worldwide IT spending is projected to total $4.1 trillion in 2021, an increase of 8.4% from 2020, according to the latest forecast by Gartner, Inc. The source of funds for new digital business initiatives will more frequently come from business departments outside IT and charged as a cost of revenue or cost of goods sold (COGS).
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COVID-19 Significantly Impacted 41% of Key Customers’ Spending with B2B Sales Organizations, Says Gartner
41% of key customers (also known as key accounts) indicated that the economic implications of COVID-19 significantly impacted their spend with B2B sales organizations, according to Gartner, Inc. A Gartner survey revealed that while some key customers increased spending with B2B sales organizations, only 18% indicated a spending increase of more than 10% since January 2020.
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Only 23% of B2B Sales Reps Say They Are Equally Effective Selling Virtually as They Are in Person, Shows Gartner Research
Only 23% of B2B sales reps believe they are equally effective selling virtually as they are in a live, onsite setting, according to Gartner, Inc. However, Gartner’s survey showed that 58% of sales reps also report they have dedicated coaching sessions with their sales managers on effective virtual selling.
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