Global revenues for blockchain technology are on track to hit almost $10 billion by 2023, finds ABI Research, a global tech market advisory firm. These revenues continue to show strong interest in blockchain application, despite the significant decrease in Initial Coin Offerings (ICOs) in 2018. Investment continues to swell, buoyed primarily by an increase in VC funding, notably in blockchain infrastructure development.

Due to the economic uncertainty across most industries and markets, 92% of HR leaders are prioritizing budgeting and cost optimization initiatives, according to a benchmarking survey by Gartner, Inc. While HR leaders face increasing pressure to drive business value and manage costs, only 20% consider how HR cost optimization efforts can contribute to the organizations’ cost savings overall.

Online video ad spending in the Asia region will increase from $21.3 billion in 2018 to $53.7 billion in 2023, growing at a combined annual growth rate (CAGR) of 20.3%, according to Forrester Research.

Cloud office is the only technology to enter the Plateau of Productivity in the 2019 Gartner Hype Cycle for Digital Government Technology, according to Gartner, Inc. The Plateau of Productivity highlights technologies that are hitting mainstream adoption within organizations.

LG U+ holds an edge over the competition in Seoul by delivering the fastest 5G speeds and lowest latency among all networks, while also providing outstanding 5G data reliability, according to a new IHS Markit First Look report.

In 2020, worldwide 5G wireless network infrastructure revenue will reach $4.2 billion, an 89% increase from 2019 revenue of $2.2 billion, according to Gartner, Inc.

A disconnect between smart home and home robotics offerings has been a factor limiting home robotics adoption. Pricing, availability, and consumer awareness have been factors too, but a new study from ABI Research finds that robot vendors increasingly see value in supporting the integration of their devices into smart home functionality. While challenges remain, this smart home integration will result in nearly 79 million homes around the world having a robot in the house by 2024.

New research from Parks Associates’ Smart Home Tracker: Market Sizing and Trends estimates nearly 14 million new smart home controllers will be sold in the US in 2024. The tracker provides industry insights and analysis on the latest trends in the smart home space, including the need for new privacy protection and authentication measures.

Despite a slowing global economy and the looming trade war between the United States and China, purchases of information and communications technology (ICT) are expected to maintain steady growth over the next five years. A new forecast from International Data Corporation (IDC) predicts worldwide ICT spending on hardware, software, services, and telecommunications will achieve a compound annual growth rate (CAGR) of 3.8% over the 2019-2023 forecast period, reaching $4.8 trillion in 2023.

The global cellular M2M market will nearly quintuple from over 620 million connections in 2019 to 3 billion connections in 2024, according to a new report by global tech market advisory firm, ABI Research. While connection revenues will double to $32 billion over the forecast period, these revenues will account for just 14% of all cellular M2M value-added services revenues in 2024. To capture greater share of the M2M revenue opportunity, global operators must expand their horizontal capabilities, partner with vertical specialists, and move up the value stack.

New data from Juniper Research forecasts that the value of AI underwritten insurance premiums will exceed $20 billion by 2024, up from an estimated $1.3 billion in 2019. This growth will be driven by streamlined underwriting processes, faster customer onboarding and reductions in operational costs enabled by AI.

Worldwide spending on blockchain solutions is forecast to be nearly $15.9 billion in 2023, according to a new update to the Worldwide Semiannual Blockchain Spending Guide from International Data Corporation (IDC). IDC expects blockchain spending to grow at a robust pace throughout the 2018-2023 forecast period with a five-year compound annual growth rate (CAGR) of 60.2%. Blockchain spending in 2019 is forecast to be $2.7 billion, an increase of 80% over 2018.

Uptake of smart home devices continues apace and is on track to ship 137 million units in 2019, worth $16 billion in trade value, according to a new market report from Futuresource Consulting. That represents a 37% volume increase on 2018, with a slowdown in home hub sales being eclipsed by accelerating growth in other categories. And although growth remains strong, it is now tracking slightly below previous Futuresource forecasts.

Consumers in Asia Pacific are some of the most advanced when it comes to digital engagement with financial services, with 73 percent of consumers believing that they should be able to accomplish any financial task on a mobile device, according to new data released by Forrester Research.

In 2021, artificial intelligence (AI) augmentation will create $2.9 trillion of business value and 6.2 billion hours of worker productivity globally, according to Gartner, Inc.

The global data analytics outsourcing market is expected to generate revenue of $25.56 billion by 2027, expanding to 21.84 percent CAGR over the forecast period from 2019 to 2027.

Dotscience, the pioneer in DevOps for machine learning (ML), today released the findings of its inaugural State of Development and Operations of AI Applications 2019 report which revealed that despite significant investment in AI, many companies are still struggling to stabilize and scale their AI initiatives.

According to analysts at Ponemon Research, the cost of a data breach has risen 12% over the past 5 years1 and now costs $3.92 million on average. These rising expenses are representative of the multiyear financial impact of breaches, increased regulation and the complex process of resolving criminal attacks.

New data from Juniper Research found that the number of voice assistants used to access smart home devices will reach 555 million by 2024; up from 105 million in 2019. By 2024, Juniper Research expects more than 90% of voice assistants to be used to control smart home devices; driven by increased participation from Chinese manufacturers.

With telecommunication service providers and cable television multiple system operators (MSO) continuing their fiber build-outs, the market for fiber optic test equipment (FOTE) is expected to grow from $781.3 million in 2018 to $1.31 billion in 2025. The lack of fiber expertise among access network technicians and the sheer volume of fiber deployments required in a short time will enable innovative FOTE manufacturers to differentiate themselves in the market.