Latest News & Executive Interviews
Mobile Computing Revenue to Grow Double Digits in 2021 – What's to Come Post-COVID? New Findings From Strategy Analytics
The mobile computing market is in full recovery after several years of shipment and revenue declines. Hybrid work environments will become more prevalent as many employees report tangible benefits from remote work and are increasingly demanding more flexible work environments. The Windows 11 / post-pandemic refresh cycle will push the market to new highs of $241 billion in revenue in 2025 from $197 billion in 2020.
Intelligent Document Processing (IDP) Market to Grow 55-65% by 2022, as Enterprises Seek Lower Costs Through Automation: Everest Group
IDP vendors are expected to offer more out-of-the-box, pre-trained IDP solutions to meet the demand for faster ROI and quicker deployment. Cost impact is now the key driver for IDP adoption as enterprises seek to realize tangible benefits from the technology, closely followed by improving operational efficiency and productivity.
Digital Systems Vital for a Rapid Post-COVID-19 Healthcare Systems Recovery, New Findings From ABI Research
COVID-19 has put healthcare systems across the globe under tremendous pressure and underscored the urgent need to advance to a smart healthcare system. Transformative technologies such as 5G connectivity, Artificial Intelligence (AI), Augmented Reality, and Virtual reality (AR/VR), are at the forefront of a digitized health care system. There is an urgent need for a communication infrastructure that unites the currently very fragmented technology landscape.
CIO.com Virtual Roundtable: Exploring Strategic Options for SAP S/4 HANA Modernization
As businesses explore their SAP modernization options, the best way forward for many organizations may lie in hybrid installations of SAP S/4HANA that allow IT teams to maintain their current infrastructure. Most established companies often have application estates that are inflexible, monolithic, and outdated. When it comes to SAP modernization, challenges and opportunities are in the eye of the beholder.
AI/ML to be The Most Critical Technology Skill that Indian Organizations Plan to Acquire in the Next Six Months, Finds IDC
A new IDC report provides an overview of Indian organizations’ skill development plans in the near future. This report provides insights into organizations' skill development goals, the importance of technology skills in digital transformation goals, the overall business impact arising from lack of skills, how organizations plan to acquire or develop critical skills within their businesses in the next six months.
Demand for Next-Generation HDR Solutions Rises as Broadcasters and Streaming Providers Tap into Content Libraries
Halted production of new content, along with a dramatic increase of consumer demand for video entertainment throughout the COVID-19 crisis, has placed unprecedented demands on the content libraries of broadcasters and streaming providers. As content owners mine their inventory of episodic series and movies produced decades ago, they are exploring how to up-convert content to meet the elevated viewing standards of today’s consumers.
The Future of Money is Digital for Traditional Banks, According to Everest Group Findings
Everest Group reports the year 2020 and Q1 2021 produced a seven-fold surge in retail and institutional investments in cryptocurrencies and related crypto assets, driven by increased investor demand, pandemic-fostered digitalization and clarity in regulatory tenets. The cryptocurrency market hovered around $2 trillion through April 2021 and is projected to reach $24 trillion by 2027. Traditional banks are realizing digital assets are the future of money.
IoT Machine Learning and Artificial Intelligence Services to Reach US$3.6 Billion in Revenue in 2026
The next wave of Internet of Things (IoT) analytics development will fully converge with the Big Data domain. Simultaneously, the value in the technology stack is shifting beyond the hardware and middleware to analytics and value-added services, such as Machine-Learning (ML) and Artificial Intelligence (AI). ML and AI services are estimated to grow within the IoT domain at a CAGR of nearly 40%, reaching US$3.6 billion in 2026.
Worldwide IT Spending Set to Grow 9% in 2021, According to New Forecast From Gartner
Worldwide IT spending is projected to total $4.2 trillion in 2021, an increase of 8.6% from 2020, according to the latest forecast by Gartner, Inc. As many companies still suffer revenue declines, IT spending is accelerating ahead of revenue expectations. As many companies still suffer revenue declines, IT spending is accelerating ahead of revenue expectations. Boards and CEOs are much more willing to invest in technology that has a clear tie to business outcomes, and less so for everything else.
eCommerce to Emerge as Mainstream Distribution Channel in Global Automotive Aftermarket by 2025, predicts Frost & Sullivan
Frost & Sullivan finds that the global automotive aftermarket will gather momentum this year as a slowdown in new vehicle sales due to the impact of COVID-19 and aging vehicle parc will create more opportunities in the aftermarket space. The market is estimated to garner $478.8 billion by 2025 from $362.21 billion in 2020.
The Dedicated Cloud Infrastructure-as-a-Service Market Will Grow More Than 100x Over the Next Five Years, According to IDC
Digital transformation (DX) is one of the trends shaping the enterprise world and driving the investments organizations are making to modernize their IT infrastructures and processes. Migration to service-based IT is one of the significant elements of DX initiatives as it enables organizations to utilize IT more efficiently for achieving business goals, pursuing new opportunities, and enhancing customer experience.
Supply Chains Must Reduce Their Surface Area Risk to Reduce the Frequency of Disruptions, Says New Gartner Findings
Research by Gartner shows that disruption-shaping organizations are likely to experience less than one-third of disruptions than their peers. Chief supply chain officers (CSCOs) must strategically reduce the rate of disruption to their supply chains by reducing their surface areas in the near future. Supply chain surface areas are the sum of all products, processes and networks that compose the supply chain today and represent touchpoints that risk events can have with the supply chain.
Chinese Automakers are Retaking the Domestic Connected Car Market from Foreign OEMs, states ABI Research
China is at the forefront of connected vehicle technologies due to the region’s distinctive consumer behavior with a desire for high-tech vehicles and decisive government action in developing a solid local Internet of Vehicle (IoV) industry. According to ABI Research, a global tech market advisory firm, close to 50% of all new vehicles sold in China in 2021 will have connectivity, and the penetration rate will increase to nearly 80% by 2025.
Strategy Analytics: Global Smart Home Market Roaring Back in 2021
trategy Analytics forecasts global consumer spending in 2021 on smart home products and services will break through the $100 billion mark after falling short in 2020 due to the pandemic. he market will continue grow to $173 billion in 2025 when nearly 20% of all households globally have at least one smart home product in use up from 15% by the end of 2021. Security systems are driving growth in the US and in Western Europe surveillance cameras, smart bulbs and electrical devices are driving smart home adoption.
Four Types of Technology Buying Organizations That Will Influence Go-to-Market Efforts of Tech Marketers in 2021, According to Gartner
70% of global technology buyers are exploring more ways to purchase technology this year, however vendor engagement strategies continue to underdeliver when it comes to meeting tech buyer expectations, according to a survey by Gartner, Inc. Four marketing clusters of technology buying enterprises base key behaviors that influence GTM tactics. As the size of buying teams continues to increase, ideal customer profiles (ICPs) increase in importance.
CIO.com Virtual Roundtable: Mainframe Application Modernization Initiatives in Support of Successful Transformation
Businesses that leverage mainframe investments while developing a modernization roadmap have better outcomes than those that move off them. These were the conclusions of a 2021 IDC study that analyzed businesses across the globe to measure the efficacy of migrating to the cloud compared to modernizing existing mainframe systems. Replatforming, the researchers found, can be riskier and more costly than modernizing existing investments.
Consumer IoT Tracking Devices Enter the Mainstream, Set to Reach 68 Million Units by 2026, Says ABI Research
Personal tracking devices, specifically, devices to track children, the elderly, and pets, are becoming increasingly popular within the consumer IoT tracking market. Those three segments alone are forecasted to collectively reach an installed base of 68 million by 2026, up from the 2021 installed base of 16 million.
Gartner Forecasts 51% of Global Knowledge Workers Will Be Remote by the End of 202
By the end of 2021, 51% of all knowledge workers worldwide are expected to be working remotely, up from 27% of knowledge workers in 2019, according to Gartner, Inc. Gartner also estimates that remote workers will represent 32% of all employees worldwide by the end of 2021. This is up from 17% of employees in 2019. Gartner defines knowledge workers are those who are involved in knowledge-intensive occupations, such as writers, accountants, or engineers.
Manufacturers of ABI Research: Consumer-Packaged Goods to spend US$23.8 billion on Digital Transformation by 2030
ABI Research analysts report that digital factory revenue will approach US$24 billion in 2030, with spending by CPG manufacturers on data and analytics services forecasted to reach US$4 billion in 2030, up from US$500 million in 2021. Companies are utilizing analytics to anticipate customer demand and optimize their processes for the future of consumer packaged goods (CPG).
CIO.com Virtual Roundtable: Optimizing the Economics of Cloud Migration Within the Enterprise
By the end of 2021, 80% of enterprises are expected to put mechanisms in place to shift to cloud-centric infrastructure and applications. By 2024, approximately 64% of infrastructure spending will revolve around investments in cloud and infrastructure technologies. Success will hinge on the architecture strategies that effectively guide the cloud migration process.