Latest News & Executive Interviews
Private Cellular Networks to Generate Over US$64 Billion in Equipment Revenues by 2030
The immense appetite for private networks in the enterprise domain keeps rising and rising as private cellular network deployments within the enterprise domain will generate equipment revenues of more than US$64 billion by 2030.. While large enterprises will drive the market for the next 10 years, enterprises with annual revenues between US$250 million and US$1 billion will account for 40% of private networks by 2030,
The Future of Professional Speakers Following the Outbreak of COVID-19; Insight From Futuresource Consulting
The market for professional loudspeakers posted global revenues of nearly $3 billion in 2019, an increase of almost 7%, according to the latest professional loudspeaker industry report from Futuresource Consulting. One of the key themes of the report this year was the impact of COVID-19 and its significant effects on forecasts moving forwards. The segment most affected by these restrictions is Live and Touring.
Three Trends That Will Impact the Future of Supply Chain, Identified by Gartner
Supply chains are in the middle of an evolution that will change completely how chief supply chain officers (CSCOs) organize and operate their organizations. “CSCOs are tasked to design a supply chain organization that fits into this new era,” said Mike Burkett, vice president analyst with Gartner. “While in the past, a good supply chain was efficient and powerful, it must now be agile and fast.”
Contactless Delivery of Parts and Services to Trigger a $75-Billion Market Opportunity in the Global Aftermarket Sector by 2025
According to Frost & Sullivan’s recent analysis, aftermarket revenue expanded by 4.1% in 2019. This was largely driven by a 3.2% growth in vehicles in operation, with the contraction in global gross domestic product (GDP) growth stifling consumer expenditure on new vehicle purchases.
AR Remote Expertise and Training Applications to have Almost 60 Million Active Users by 2025
The adoption of digital tools including Augmented Reality (AR) and Virtual Reality (VR) in Human Resource (HR) departments can accelerate the HR digital transformation journey and add value to existing HR activities – especially in the wake of COVID-19.
Prime Time for Prime Day; New Futuresource Insights on COVID-19 Giving Online Retailers a Clear Run at Q4
It’s clear that 2020 will go on record as the year that the digital revolution made tremendous strides through the consumer psyche. Online retailers are expected to see record highs as consumers are unable to frequent physical retail locations, with traditional retailers forced to embrace online and multi-channel methodologies in a bid to protect their position within the market.
COVID-19 Pandemic Accelerates Pay-TV Cord-Cutting in 2020, Says ABI Research
Worldwide pay-TV market growth has slowed over the past few years due to the shift from video consumption to online streaming. The COVID-19 pandemic is further accelerating the cord cutting trend, resulting in higher pay-TV churn in many markets. ABI Research forecasts that the worldwide pay-TV market will see a slight decline from 2019 to reach a 1.07 billion subscriber base in 2020.
Increasing Cyberattacks to Propel Global Threat Intelligence Platforms Market, Says Frost & Sullivan
The growing volume and complexities of cyber threats present a compelling case for adopting threat intelligence platforms (TIPs). These solutions help organizations navigate the ever-increasing threat landscape and allow for further analysis and operationalization of threat intelligence. The TIP market is one of the cybersecurity markets that will be least affected in 2020.
Strategy Analytics: Sony and Xbox Games Strategies Diverge As Cloud Streaming Shapes Future Platforms
The next battle in the 50-year-old games console wars will be shaped by the increasingly contrasting strategies of the two leading players, Sony PlayStation and Microsoft Xbox, according to the latest research from Strategy Analytics.
High Adoption of Telematics and Digital Retailing to Drive the Recovery of Global Commercial Vehicle Market, Finds Frost & Sullivan
Frost & Sullivan’s recent analysis, COVID-19 Growth Impact Assessment for the Commercial Vehicle Industry, shows that digital and connectivity services will significantly influence market recovery post-COVID-19 as telematics services, automated digital freight brokerage solutions, and digital retailing are expected to thrive.
Worldwide Unified Communications & Collaboration (UC&C) Market Delivers Strong Growth in 2Q20, According to IDC
Due to COVID-19, one thing that became apparent to many businesses and organizations during this period was the acute requirement to provision secure, scalable communications and collaboration solutions, tools, and applications to support a sudden, significant rise in the number of work-from-home (WFH) employees.
Supply Chain Leaders Must Create Ecosystems to Strengthen Their Networks, Says Gartner
Single connections between customer and supplier are often not resilient enough in crisis situations, so supply chain leaders must counter by adding more partners and building an ecosystem. Every ecosystem looks different, as some organizations turn to academia and start-ups to fill capability gaps, others involving end users and consumers in new forms of value exchange.
Robotic Process Automation Market to Exhibit a 24.9% CAGR by 2027, Finds Fortune Business Insights
The global robotic process automation (RPA) market is expected to gain momentum by reaching $6.10 billion by 2027. This is attributable to the increasing adoption of advanced technologies such as artificial intelligence (AI) and machine learning that drives the demand for modern robotic process automation.
60% of B2B Sales Organizations Will Transition to a Data-Driven Selling Approach By 2025, Finds Gartner
By 2025, 60% of B2B sales organizations will merge their sales process, applications, data, and analytics into a single operational practice. Driven by the movement to multi-experience selling, B2B buyers now prefer to engage with suppliers through digital and self-service channels.
Healthcare 4.0 will push AR and VR Healthcare Revenues to US$11 billion in 2024, Says ABI Research
The COVID-19 pandemic has ushered in Healthcare 4.0 as healthcare systems and providers have been forced to accelerate their digital transformation journeys and adopt novel and innovative solutions that empower healthcare professionals and support remote patients.
Strategy Analytics: COVID-19 Drives Strong Growth in the Tablet Apps Processor Market in Q2 2020
The global tablet apps processor market grew 26 percent in revenue terms to $556 million in Q2 2020, according to Strategy Analytics’ Handset Component Technologies (HCT) service report.
Worldwide Data Center Infrastructure Spending to Grow 6% in 2021, Finds Gartner
End-user spending on global data center infrastructure is projected to reach $200 billion in 2021, an increase of 6% from 2020, according to the latest forecast from Gartner, Inc. Despite a 10.3% decline in data center spending in 2020 due to restricted cash flow during the pandemic, the data center market is still expected to grow through 2024.
Work/School from Home Fuels 223 Million SOHO Consumer Wi-Fi CPE Shipments in 2020
The COVID-19 pandemic continues to drive demand for Small Office/Home Office (SOHO)/Consumer Wi-Fi Consumer Premise Equipment (CPE) demand as millions are still forced to work and learn from home. Global tech market advisory firm, ABI Research forecasts that the worldwide SOHO/Consumer Wi-Fi CPE market will ship more than 223 million units in 2020, a surge of 10 million units from 2019.
Rethink Technology Research finds that Multi-CDN accounts for 72% of Total CDN by 2025, as developing regions with worse Public CDN options surpass North America and Europe.
As the percentage of global internet traffic that is video creeps up from 69.4% to 75.8%, between 2020 and 2025, Multi-CDN deployments will graduate from commonplace to essential. The Multi-CDN market will grow to $24 billion to ensure better resilience and quality of service.
COVID-19 - Accelerating Digital Innovation and Experiential Transformation in Retail
As the retail landscape continues to emerge from the business devastation and disruption caused by the COVID-19 pandemic, retailers have been battling to innovate their approach to the market to deliver their goods and services. COVID -19 will continue to be a threat in the short term and its effects are likely to be felt long after the pandemic recedes.