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AI-based Platforms Transform the Global Water Sector, Finds Frost & Sullivan
Smart sensors with advanced artificial intelligence (AI)- and machine learning (ML)-based data analytics platforms are on the rise in the global water sector as they require minimal maintenance or human interference. The pandemic has further highlighted the sector’s technological need following disruptions and a labor shortage during lockdowns.
Worldwide IT Spending to Grow 6.2% in 2021, Forecasts Gartner
Worldwide IT spending is projected to total $3.9 trillion in 2021, an increase of 6.2% from 2020, according to the latest forecast by Gartner, Inc. Worldwide IT spending declined 3.2% in 2020 as CIOs prioritized spending on technology and services that were deemed “mission-critical” during the initial stages of the pandemic.
5G Roll Outs Drive 5G FWA Broadband CPE Market to Ship 11.7 Million Units in 2025, Says ABI Research
The worldwide Fixed Wireless Access (FWA) broadband services market has been growing rapidly, supplying broadband access to homes and businesses. 5G network deployments are expected to accelerate FWA market growth in the years to come.
Supply Chain Decarbonization Offers Game-Changing Opportunity to Fight Climate Change
New research by the World Economic Forum and BCG shows that it’s possible to decarbonize major global supply chains with readily available technologies at low end-to-end costs. The commitment to tackling climate change is accelerating in all sectors of society, with net-zero pledges from companies, cities, and states doubling in the past year.
Cloud-based Email and Web Security Solutions to Propel the APAC Secure Content Management Market by 2024
Frost & Sullivan finds the SCM market is expected to reach $2.2 billion in total web and email security revenues by 2024. Cloud-based deployments are projected to lead growth as more enterprises move their emails to the cloud and rely on the internet, including remote working, especially during COVID-19.
Voice Soars as Primary Interaction Modality of Choice In-Vehicle, Finds Strategy Analytics
Automakers of all types have largely aligned on touchscreen and voice control as the primary modalities for infotainment HMI. While touch-and-voice-centric HMI has achieved a majority market penetration in all major markets, China in particular spearheads voice as the primary modality in many verticals.
Global Spending on Wearable Devices to Total $81.5 Billion in 2021, Finds Gartner
Worldwide end-user spending on wearable devices will total $81.5 billion in 2021, an 18.1% increase from $69 billion in 2020, according to the latest forecast from Gartner, Inc. The rise in remote work and increased interest in health monitoring during the COVID-19 pandemic was a significant factor driving market growth.
52% of US broadband households want a telehealth service that uses data from connected health devices, Says Parks Associates
Interest in integrating connected health devices with telehealth consultations rises dramatically among those who have experienced COVID-19 symptoms, 71% of whom find such an approach appealing.
73% of CMOs Will Fall Back on Low Risk, Low Return Strategies for 2021, Shows Gartner Survey
73% of chief marketing officers (CMOs) report they will rely on existing customers to fuel growth in 2021, rather than looking to develop new markets, shows a new survey by Gartner. 39% of CMOs plan to increase sales of existing products to existing customers, while 34% will introduce new products to existing customers in 2021.
Four Capabilities for Chief Supply Chain Officers to Compete with Industry Disruptors, Identifies Gartner
Nontraditional competitors – especially digital giants, such as Amazon and Alibaba, as well as startups – are reshaping industries through disruptive innovation, the ability to uncover and address unknown customer needs and very agile supply chains.,
Solar Surges by 30%, 10 GW Milestone for Offshore Wind and Exponential Growth for Hydrogen — IHS Markit
A strong rebound of renewable installations, a continued surge in green hydrogen growth and a focus on recycling will be among the key themes in the Clean Technology space this year, according to a new report on the Top Cleantech Trends to watch in 2021 by IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions
Five Digital Competencies Finance Teams Will Need to Reach Their Goals in 2021, Identifies Gartner
CFOs will fail to realize the full value of new technology investments unless their staff are equipped with five key digital competencies which are most crucial for delivering high business impact, according to Gartner, Inc.
In a Bid to Capture New Growth, Telcos Turn to AI and Operations Automation in 5G Networks — ABI Research
5G is a composition of several network layers that leverage technology with varied maturity levels, such as Open RAN, network slicing, cloud infrastructure (private, public, and hybrid), and cloud-edges. With respect to cloud-edges, the broader Artificial Intelligence (AI) industry is witnessing a migration of AI to the edge.
Artificial Intelligence Software Growth Will Fall Below Current Investor Projections, Finds Forrester
The overall artificial intelligence software market will grow to $37 billion by 2025, but will fall below current investor projections of $150 to $200 billion for the same time period. Within the AI software market, AI application growth will be constrained by technology vendors embedding AI functionality into existing software products more frequently.
A Low-Effort, Digital Buying Experience is the Key to Revenue Growth for B2B Sales Organizations, Says Gartner
Mapping the new customer experience to understand how buyers are using digital and human channels, often simultaneously, will unlock growth for B2B sales organizations in the next three years. According to Gartner, the key to accelerating that growth is a low-effort, digital buying experience that boosts customer confidence.
Public Cloud IT Infrastructure Revenue Growth Remained Strong in Third Quarter of 2020, According to IDC
Market growth rates show the response to major adjustments in business, educational, and societal activities caused by the COVID-19 pandemic and the role IT infrastructure plays in these adjustments. Across the world, there were massive shifts to online tools in all aspects of human life.
20% Global E-Commerce Growth Fast Tracks Supply Chain Tech Adoption from 5 Year Plans into 2021 Action — ABI Research
From 2019 to 2020, worldwide e-commerce revenues remarkably rose more than 20% year over year, forcing vehicle, robotic, and software automation to profoundly alter the supply chain landscape in a matter of months according to ABI Research, a global tech market advisory firm.
Data-Driven Operations Are Key to Manufacturing’s Future, Reports BCG and The World Economic Forum
In the near future, manufacturing companies will work together in hyper-connected value networks in which data-and-analytics applications drive productivity, new customer experiences, and societal and environmental impact.
Strategy Analytics: Smartphone Replacement Cycle Will Shorten to 33 Months in Western Europe by 2025
According to the latest research from Strategy Analytics, the average smartphone replacement cycle in Western Europe will shorten from 40 months in 2020 to 33 months by 2025. Improving economic conditions after the Covid pandemic and cheaper 5G models will encourage European consumers to upgrade their old smartphones more often.
Augmented Reality Total Market Value Will Surpass US$140 Billion in 2025 — ABI Research
While the COVID-19 pandemic crippled some markets, it also presented notable opportunities to others. Similar to the uptick products like Zoom and Microsoft Teams have seen, Augmented Reality (AR) has been forced into opportunity around remote worker enablement, compounding the already strong growth seen in the enterprise thanks to high-value use cases like remote assistance, training, and workflow instruction.