Latest News & Executive Interviews
AR to Create Market Value of $5.5 Billion for Automotive Industry in 2022, ABI Research Says
ABI Research estimates global smart glasses shipments for automotive industry use will hit 1.7 million in 2022. The total automotive AR market is expected to grow at CAGR of 177 percent during the forecast period and reach $5.5 billion in 2022.
Smart Home Surveillance Camera Market to Surpass $9.7 Billion By 2023, Strategy Analytics Says
Cameras with full software and service feature sets at sub $200 price points will fuel growth of the smart home surveillance camera market according to recently published research by Strategy Analytics.
Worldwide Spending on Cognitive and Artificial Intelligence Systems to Hit $19.1 Billion in 2018, IDC Says
Worldwide spending on cognitive and artificial intelligence (AI) systems will reach $19.1 billion in 2018, an increase of 54.2 percent over the amount spent in 2017, International Data Corp. says
$439 Billion to be Spent on Consumer Entertainment Worldwide by 2021, Futuresource Consulting Says
In 2017, global consumer expenditure on entertainment content (video, games and music) worldwide continued to climb. By 2021, this spend is set to reach $439 billion globally, a 17 percent increase from 2017, according to the latest Global Entertainment Content Outlook report from Futuresource Consulting.
Local Radio Stations Now Rank Fifth Among Local Advertising Platforms As Overall Ad Revenue Dips in 2017: BIA/Kelsey
Overall radio ad revenue dipped to $13.87 Billion in 2017, according to new research from BIA/Kelsey. Two new BIA reports examine the state of the radio industry to explain the effect of new audio competition, audience levels, programming trends, transactions and provide market profiles of Nielsen Audio-rated stations.
OTT Providers Must Seek Differentiation to Succeed, Park Association's Sappington Tells NAB 2018
The days when a content provider could simply roll out a new over-the-top (OTT) video service and watch the customers (and cash) roll in are over, Brett Sappington, senior director of research at Parks Associates, told attendees at NAB 2018 in Las Vegas.
TCE Strategy’s Bryce Austin Weighs in on How Small, Medium and Large Businesses Can Address the New Threats Posed by Modern Cyberattacks
“A very determined cyber-criminal has very high odds of getting into your system. The new war is about planning for a cyber security breach and being able to detect, respond, isolate and eradicate that breach. Many companies are practicing good cyber hygiene. But for the very advanced hacks—you have to detect them.” – Bryce Austin, CEO of TCE Strategy
New Half-Day Program at NAB 2018 to Showcase Machine, Deep Learning, and AI For Filmmaking
Next week’s NAB Show in Las Vegas will mark the debut of a new half-day program to examine the impact of machine intelligence on filmmaking today and in the future. It is part of the Next-Generation Media Technologies Conference and will run Tuesday, April 10, from 9 a.m. to 12 p.m. at the Las Vegas Convention Center.
Churn Reduction Algorithms to Drive QoE Video Analytics to a $2.3 Billion Market, Rethink Research Predicts
QoE video analytics is growing into an arms race to build third party tools, which allow all pay TV players and many free to air broadcasters, to behave more like Netflix, Amazon and Hulu, according to a new Rethink Research report.
Consumer Robotics Hardware Revenue to Hit $22 Billion Annually By 2022: Juniper Research
A new study from Juniper Research has found that domestic aide robotics will drive consumer robotics hardware revenues from an estimated $6.4 billion in 2018 to nearly $23 billion by 2022; an increase of over 250 percent.
IoT Software and Services in Pharmaceutical Sector to Hit $2.4 Billion by 2020, Global Data Forecasts
The Internet of Things (IoT) is transforming the pharmaceutical industry at a rapid pace, according to new research from GlobalData. Indeed, IoT software and services in the pharmaceutical industry is expected to grow from $420 million in 2015 to $2,486 million by 2020, at a Compound Annual Growth Rate (CAGR) of 42.7 percent from 2016 to 2020.
Virtual Reality in Retail and Marketing to Generate $1.8 Billion in 2022, ABI Research Forecasts
While E-commerce and digital marketing have proven to be effective platforms, Virtual Reality (VR) is the next innovative technology that will improve and impact the retail and marketing sectors. ABI Research forecasts that VR in retail and marketing sectors is expected to generate $1.8 billion in 2022.
Connected Clothing to Be a $1 Billion Industry in 2020, Juniper Research Says
A new study from Juniper Research has found that the wearables market has begun to shift away from wrist-based devices such as smartwatches and fitness trackers, with other device categories forecast to grow much faster.
Data Center Network Equipment Revenue Reached $13.7 Billion in 2017: IHS Markit
Data center network equipment revenue -- including data center Ethernet switches, application delivery controllers (ADCs) and software-defined enterprise WAN (SD-WAN) -- totaled $13.7 billion in 2017, IHS Markit says in a new report. That growth translates to a 13 percent increase over the previous year.
Fintech Innovation Propels B2B Money Transfer Market to $228 Trillion By 2022, According to Juniper Research
New findings from Juniper Research have concluded that the cross-border B2B money transfer market is ripe for disruption, as new technologies and legislative changes redefine traditional banking practices across the globe.
Global Digital Pay TV Subscriptions Exceeded 1 Billion in 2017, IHS Markit Finds
Digital pay TV subscriptions around the world, including cable, satellite and IPTV, exceeded one billion for the first time in 2017, according to new research from IHS Markit. This global growth comes despite the continued uptake of over-the-top (OTT) subscription video services, like Netflix, Hulu and Amazon Prime Video, which added more than three times the number of subscriptions than pay TV last year, according to IHS Markit.
Technologies Enabling Smart Cities in Asia/Pacific to Reach $28.3 Billion in 2018: IDC
The market for the technologies that enable Smart Cities initiatives in Asia/Pacific (excluding Japan) is expected to reach $28.3 billion in 2018, according to the first-ever IDC Worldwide Semiannual Smart Cities Spending Guide. As these initiatives gain traction, IDC expects spending to accelerate over the 2016-2021 forecast period, reaching to $45.3 billion in 2021.
Worldwide IoT Security Spending Will Reach $1.5 Billion in 2018, Gartner Says
Nearly 20 percent of organizations observed at least one Internet of Things-based attack in the past three years. To protect against those threats, Gartner forecasts that worldwide spending on IoT security will reach $1.5 billion in 2018, a 28 percent increase from 2017 spending of $1.2 billion.
Juniper Research: Digital Transformation, IoT to Drive Annual Cybersecurity Spend to $134 Billion By 2022
New data from Juniper Research has found that global business spend on cybersecurity solutions will grow by 33 percent over the next four years, reaching $134 billion annually by 2022.
Voice Assistants Play a Growing Role in Smart Homes, Futuresource Technology Says
Voice Assistants (VAs) are being integrated into an increasing number and variety of connected consumer devices in multiple markets and are on course to develop as a major user interface over the next two-to-three years, according to the latest Futuresource Consulting Report, “Voice Assistants in Consumer Electronics”.