Latest News & Executive Interviews
IDC Finds Technology Optimizes the Loan Origination Process for Financial Institutions
Many financial institutions (FIs) have lagged their fintech competitors in the digitization of key banking business lines such as lending. Now FIs have a range of technology solutions as they play catch-up in the lending market to both consumers and businesses alike. Loan origination software is a key enablement for FIs to step up their digitization game not only to improve their lending operations, but also to enhance their customers’ experience.
India’s Increasing Demand for Transportation Services Expedites Shared Mobility Market Growth
Frost & Sullivan’s recent analysis of the Indian shared mobility industry finds that rapidly increasing urbanization in the country presents an opportunity for an integrated, multimodal transport system. Shared mobility presents promising solutions to meet India’s increasing demand for transportation services.
Digital Incumbents Fight Back; New Findings From Boston Consulting Group
A new cadre of companies are successfully executing digital transformations and outperforming their digitally native peers. These digital incumbents make up about 30% of the S&P Global 1200 Index and outperformed the index by about 50% over the last three years. Meanwhile, legacy incumbents struggled to drive growth and improve productivity using predominantly traditional levers.
ABI Research Finds The Chip Shortage Forecast to Significantly Constrain SIM Cards Market through 2022
As a byproduct of COVID, the chip shortage impact made itself known in 2021. For the SIM cards market, this impact is forecast to be significant on the removable SIM card form-factor. According to ABI Research, removeable SIM card shipments will decline from 4.36 billion in 2021 to 3.93 billion in 2022.
Corporate Carbon-Neutral Strategies Set to Create New Revenue Streams for Companies, States Frost & Sullivan
Global companies can significantly decrease their costs and boost their profitability by reducing excessive carbon emissions, lowering taxes, and leveraging advanced tools such as carbon capture and reuse technology.
Gartner Says the Cybersecurity Leader’s Role Needs to Be Reframed
Security and risk management (SRM) leaders now invest significantly more effort into evaluating and influencing the cyberhealth of external parties. Employees are making more decisions with cyber risk implications, and executive committees being established outside the scope of the cybersecurity leader.
5G Basebands Capture 70 Percent Revenue Share in Q3 2021, Says Strategy Analytics
According to this Strategy Analytics' Handset Component Technologies (HCT) research report, 5G basebands capture 70 percent revenue share", Qualcomm, MediaTek, Samsung LSI, Unisoc, and Intel captured the top-five cellular baseband revenue share spots in Q3 2021.
Gartner Says B2B Sales Organizations Should Focus on Situational Buyer Insights to Improve Conversion at Each Stage of the Funnel
B2B sales organizations must take a more situationally aware approach, tuning engagement skills and tactics with empathy for, and personalization to, a prospective buyer’s current state, according to Gartner, Inc. Standardized customer engagement in today’s buying environment will only get sellers so far, even with the best methodology.
Parks Associates Finds Nearly Half of Security Owners Say Their System Triggers Too Many False Alarms
Parks Associates finds that 48% of security system owners report that their system triggers too many false alarms. The research explores consumer attitudes, preferences, and experiences in security event management among households with professional monitoring.
Metaverse Pushes Extended Reality (XR) Market Spend to $4.84 Billion in 2024 and 37 Other Transformative Technology Stats You Need to Know
In 2024, the Extended Reality (XR) market spend will hit $4.84 billion, up from $630 million in 2020; 54.7% will derive from hardware, and the rest will be from software and content.
5G Technology a Key Catalyst for Industry 4.0, Finds Frost & Sullivan
Frost & Sullivan’s recent analysis, 5G in Process Industries, finds that the limitations of 4G networks are enabling 5G technology to become an important ally for Industry 4.0. The high bandwidth and low latency provided by 5G networks are driving process industries to partner with strategic 5G providers.
Gartner Predicts That “Human-in-the-Loop” Solutions Will Comprise 30% of New Legal Tech Automation Offerings by 2025
By 2025, 30% of new legal technology automation solutions will combine software with staffing for a “human-in-the-loop” offering, according to Gartner, Inc. Despite growing demand for greater automation and increasing sophistication of tech innovations, machine learning solutions for corporate legal teams will struggle with the high levels of domain expertise required and high rates of exceptions expected.
Smart Manufacturing Spend Climbs Over $950 billion in 2030 and 37 Other Technology Stats You Need to Know
ABI Research’s reports that dozens of always-on 5G portable device models will hit the market in 2022 when sales of these 5G devices will exceed $12 million, growing to $46.5 million by 2026.
Enterprises—More Open than Ever to Outsourcing—Will Drive Double-Digit Growth in Finance and Accounting Outsourcing (FAO), According to Everest Group
Everest Group projects that the finance and accounting outsourcing (FAO) market will grow significantly (up to 10% year-on-year) in 2022, because enterprises are demonstrating an openness toward expanding their scope of services with third-party service providers.
Strategy Analytics: Notebook PCs Finish 2021 With Record Shipments of 268 Million Units
According to a new report by Strategy Analytics, notebook shipments grew 19% over the previous highs reached in 2020 to reach 268 million units. As 2022 begins, the industry must be cautious about lingering supply issues and increased freight and manufacturing costs.
Gartner Predicts 25% of People Will Spend At Least One Hour Per Day in the Metaverse by 2026
By 2026, 25% of people will spend at least one hour a day in the metaverse for work, shopping, education, social and/or entertainment, according to Gartner, Inc. Because no single vendor will own the metaverse, Gartner expects it to have a virtual economy enabled by digital currencies and nonfungible tokens (NFTs).
OEMs, Enterprises, and Municipalities to Spend Over $31 Billion on Connectivity Management Platforms in 2026
ABI Research identifies 62 companies offering CMPs, operated either proprietarily or commercially available to license. These companies span from connectivity resellers and aggregators to enterprise software developers, IoT service providers, and carrier grade infrastructure manufacturers.
Gartner Predicts 25% of Supply Chain Decisions Will Be Made Across Intelligent Edge Ecosystems Through 2025
Driven by evolving data communications networks, including 5G, Gartner, Inc. predicts that 25% of supply chain decisions will be made across intelligent edge ecosystems through 2025. Advances in data communications services, such as Wi-Fi, Bluetooth and 5G, are poised to support edge ecosystems and complement traditional centralized supply chain solutions with more virtualized and remote networks processing data.
Industry-Driven Demand for Automation to Boost Operations and Productivity Spurs Global Machine Vision Market, States Frost & Sullivan
Frost & Sullivan finds that rising demand for automation across industries to enhance operations and productivity is driving the global machine vision market. The industry will likely garner $14.02 billion in revenue by 2025 from $10.28 billion in 2020, an uptick at a compound annual growth rate of 6.4%.
Technicolor Connected Home HERO Partners Offer Analysis and Context for NSP Success in 2022
New consumer demands based on shifting behavioral patterns as a result of the ongoing COVID-19 crisis are giving rise to a new set of key success factors that network service providers (NSPs) will have to address to achieve their strategic objectives over the course of 2022. To provide additional perspective on how different players in the industry are bringing the latest innovations to network service providers across the world, Technicolor Connected Home requested members of the HERO Partnership Program to share their forecast for 2022 trends.