Latest News & Executive Interviews
AI Improved Accuracy and Efficiency of Cervical Cancer Screening -- NCI
In a new study published by the National Cancer Institute (NCI), a computer algorithm improved the accuracy and efficiency of cervical cancer screening compared with cytology (Pap test), the current standard for follow-up of women who test positive with primary human papillomavirus (HPV) screening. The new approach uses artificial intelligence (AI) to automate dual-stain evaluation and has clear implications for clinical care. The algorithm was developed and the study conducted by investigators at the NCI, part of the National Institutes of Health (NIH), in collaboration with researchers from several other institutions.
AR/VR Markets Forecasted to Recover from 2021 to 2025, Increasing Shipments Substaintially -- Strategy Analytics
Strategy Analytics predicts a strong recovery for the global Augmented Reality (AR) and Virtual Reality (VR) markets in 2021 after COVID-driven contraction in 2020. This recovery is expected to be spurred on by a 6 fold increase in XR (the combination of AR and VR) shipments, recent consumer-friendly innovations to AR headsets, and the adoption of smartphone-tethered VR.
Intelligent Pumps with Analytics Capabilities Are Expected to be the New Norm -- Frost & Sullivan
A recent analysis by Frost & Sullivan’s found that an average of 50% to 60% of pump original equipment manufacturers’ (OEMs’) revenue is expected to be generated from services-related activities, such as real-time monitoring and reliability services. This will result in the pump industry transitioning from a product-based to a service-based model in the wake of Industrial Internet of Things (IIoT) in this digitalization era. Global pump revenue is estimated to reach $46.92 billion by 2025 from approximately $38.34 billion in 2019.
Mobile Augmented Reality Receives Impetus as Consumers Rely on Virtual Experiences -- FMI
The mobile augmented reality (AR) market is projected to have an impressive surge in growth prospects in the short-term and long-term forecast, reaching a valuation of $24 billion by 2030 as reported by a study from Future Market Insights (FMI).
AI Adoption Being Driven by Improved Customer Experience, Greater Employee Efficiency, and Accelerated Innovation -- IDC
More than 2,000 IT and line of business (LoB) decision makers confirms that adoption of artificial intelligence (AI) is growing worldwide, as shown by a recent survey conducted by the International Data Corporation (IDC). Over a quarter of all AI initiatives are already in production and more than one third are in advanced development stages, and organizations are reporting an increase in their AI spending this year.
Increased Demand for IoT Cyber Protection to Lead Embedded Hardware Security Shipments to Hit $5 Billion by 2024 – ABI Research
In the ongoing push for more secure internet of things (IoT) devices and applications, the hardware choices for embedded security are growing dynamically. Research from ABI research forecasts that shipments for secure hardware serving digital authentication and embedded security will double that of 2019, reaching $5.3 billion by 2024.
Stand-Alone Broadband Adoption Increases from 34% in 2017 to 42% in 2020 -- Parks Associates
Stand-alone broadband, typically defined as broadband not sold in a bundle with pay TV, is growing in popularity, according to new research from Parks Associates. The stand-alone broadband adoption rate increased from 34% of U.S. broadband households in 2017 to 42% in the first quarter of this year, as evident from Parks Associates’ researchers.
Average Weekly Hours of Online Video Concumpton in 2020 Nealy Double that of 2017 as Newcomers Enter the Market -- Parks Associates
A new data base released by Parks Associates found that the number of hours consumers spend watching online video per week has nearly doubled from 3.6 hours in 2017 to almost 7 hours in 2020 . Dallas-based Parks said at the same time traditional pay-TV service has declined from an adoption rate of 75% to 62% in U.S. broadband households between Q1 2017 and Q1 2020, which led a subsequent decline in set-top box adoption.
Cloud IT Infrastructure Spending Continued to Grow in Q1 2020 While Spending on Non-Cloud Environments Saw Double-Digit Declines -- IDC
Vendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, increased 2.2% in the first quarter of 2020 (1Q20) while investments in traditional, non-cloud, infrastructure plunged 16.3% year over year (YoY) according to the International Data Corporation’s (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker.
Global Security Industry to Continue Growth by Shifts to Service-Based Solution -- Frost & Sullivan
In spite of the economic slowdown witnessed due to COVID-19, the security industry has tremendous investment opportunities according to Frost & Sullivan’s recent analysis, Post-Pandemic Growth Opportunity in the Global Security Industry. Despite a marginal slowdown expected in 2020 and 2021, strong demand-side trends will present immense development potential for security market participants. Under an aspirational recovery scenario, the global security industry is likely to grow at a compound annual growth rate (CAGR) of 4.3%, garnering revenue of $140.60 billion by 2025 from $109.30 billion in 2019. The conservative forecast scenario predicts that the industry will generate $131.01 billion between 2019 and 2025, at a CAGR of 3.1%. In the pre-COVID-19 forecast, the industry was estimated to increase at a CAGR of 7.1%, generating revenue of $164.97 billion over the forecast period.
Traditional PC Shipments Continue to Grow Amid Global Economic Slowdown -- IDC
The second quarter of 2020 (2Q20) ended well for the Traditional PC market, comprised of desktops, notebooks, and workstations, with global shipments growing 11.2% year over year reaching a total of 72.3 million units, according to International Data Corporation (IDC). As restrictions around the world tightened in the first few weeks of the quarter, demand for notebooks continued to grow to maintain continuity of business and schooling for many communities.
Business Transformation Success Requires Focus on Key External Stakeholders -- Symphonic
Regardless of where organizations are in their digital transformation journey, success or failure is ultimately determined by the impact that these initiatives have on key external stakeholders -- starting with prospects and existing customers. So says Lisa Meier, CEO of Symphonic Leadership Partners, a multidisciplinary source of results-driven executives who help organizations accelerate the achievement of desired outcomes.
AR/VR Market Expected to Grow by $125.19 Billion from 2020-2024 due to M&A and Increased Adoption -- Technavia
The global augmented reality (AR) and virtual reality (VR) market is expected to grow by $125.19 billion during 2020-2024 as the advances increase AR/VR’s applicability to new areas, and major players in AR/VR merge and acquire other firms, according to a study by Technavio.
Electric Vehicles Position Automotive Sensors for High Growth Through 2024 -- Strategy Analytics
Sensor market growth will be dictated by an expected increase in demand for electric vehicles. The forecasts that the global market for current, position/speed and temperature sensors, will grow at a CAGR of 25.7% over the 2019 – 2024 time frame, according to Strategy Analytics.
Machine Learning in Manufacturing Market Expected to Grow at a High CAGR Through 2025 -- ARC
Machine Learning in Manufacturing Market was valued at significant market size, growing with a CAGR surpassing 42%. According to research from the Analytical Research Cognizance (ARC), this high CAGR is expected to continue in the forecast period of 2020-2025.
COVID-19 will Lead India's Enterprise Software Market Growth to Fall to 3.8% YoY In 2020 — IDC
The Indian software market grew by 16.0% year over year (YoY) in 2H19 (July- December of 2019), compared to 2H18 (July- December of 2018). However, the YoY growth is estimated to fall to 3.8% in 2H20, with a CAGR of 7.6% from 2019 to 2024.
Artificial Intelligence Set To Dominate Operating Rooms By 2024 -- Frost & Sullivan
A study from Frost & Sullivan claims that by 2024, the artificial intelligence (AI) market for surgery will reach $225.4 million up from $69.1 million in 2019. The use of AI and analytics in conventional operating rooms will help hospitals address inefficiencies and clinical challenges physicians face when performing surgery, according to this new study.
Container Managment Revenues Expected to Double by 2024 Due to Cloud-Native Applications -- Gartner
Worldwide container management revenue will grow strongly from a small base of $465.8 million in 2020, to reach $944 million in 2024, according to a new forecast from Gartner. Among the various subsegments, public cloud container orchestration and serverless container offerings will experience the most significant growth. This is the first time Gartner has published a forecast for container management, in response to the increasing importance of the underlying technology.
Aviation Blockchain Market Projected to Have a CAGR of 22.5% from 2020 to 2027 -- Fior Markets
The global aviation blockchain market is expected to grow from $420 million in 2019 to $2.12979 billion by 2027, at a CAGR of 22.5% during the forecast period 2020-2027 according to a new study conducted by Fior Markets.
Worldwide Security and Risk Management Spending Growth to Slow but Remain Positive in 2020 -- Gartner
Worldwide spending on information security and risk management technology and services will continue to grow through 2020, although at a lower rate than previously forecast, according to Gartner.