Latest News & Executive Interviews
Smart Home Device Growth Slows Along with Global Economy, Says IDC
Consumer buying continues to cool across the globe as macroeconomic issues persist. The slowdown in buying is expected to result in flat growth for smart home device shipments in 2022, according to the International Data Corporation (IDC) Worldwide Quarterly Smart Home Device Tracker.
Hybrid Box Types, IPTV Expansion, and Greater Emerging Market Demand Offsets Legacy Cable and Satellite STB Shipment Decline, says ABI Research
Set-top box (STB) shipments continued to decline in 2021, driven by a combination of migration to streaming, market saturation, consumer cost-cutting measures, and supply chain constraints. According to ABI Research, a global technology intelligence firm, subdued demand will result in a contraction of global annual STB shipments from 203.1 million in 2022 to 195.2 million in 2025.
Forrester Forecasts AI Software Will Grow 50% Faster Than The Overall Software Market
Forrester forecasts that AI software will grow 50% faster than the overall software market over the next two years, with an annual growth rate of 18%. The spend on AI software will double from $33 billion in 2021 to $64 billion in 2025 due to an accelerated adoption of AI during the pandemic and an increase in the number of companies that offer AI software.
Gartner Survey of Over 2,000 CIOs Reveals the Need to Accelerate Time to Value from Digital Investments
CIOs and IT leaders must take action to accelerate time to value and drive top- and bottom-line enterprise growth from digital investments, according to Gartner, Inc.’s annual global survey of CIOs and technology executives. The survey gathered data from 2,203 CIO respondents in 81 countries and all major industries, representing approximately $15 trillion in revenue/public-sector budgets and $322 billion in IT spending.
Embedded Finance Transaction Value to More Than Double to $7 trillion in US by 2026, but Financial Institutions Must Move Quickly to Keep Up—Bain & Company and Bain Capital Report
Embedded finance, the integration of value-added financial services into software offerings, is set to redefine how consumers and businesses build and manage relationships with financial services, according to new research and analysis from Bain & Company and Bain Capital.
New Research At Forrester’s Technology & Innovation North America Reveals Global Tech Spending Will Surpass $4.8 Trillion In 2023 — Despite Increasing Uncertainty
New research unveiled at Forrester’s (Nasdaq: FORR) Technology & Innovation North America reveals that global tech spending will reach more than $4.8 trillion in 2023 as two-thirds of technology decision-makers increase their tech budgets, despite increasing economic uncertainty.
IDC Tracker Sees a Long Road Ahead for Augmented Reality Headsets
Worldwide shipments of Augmented Reality (AR) headsets are forecast to decline 8.7% year over year to nearly 260,000 units by the end of 2022, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Augmented and Virtual Reality Headset Tracker.
According to Berg Insight, Electric Aircraft and eVTOLs Will Pave The Way for a Greener Future and Increased Mobility
Berg Insight, the world’s leading IoT market research provider, today released new findings about the market for electric aircraft and eVTOLs (passenger vehicles that take off and land vertically). There are today many large-scale industrial projects in development with the purpose of developing aircraft and eVTOLs based on electric drivetrains.
6G's Deployment in 2029 and Widespread Commercialization in 2032 Will Require Heavy Investment in Distributed Computing and Artificial Intelligence, According to ABI Research
As 5G’s commercial rollout continues, the deployment of distributed computing has become progressively more important. But in the 5G era, distributed computing has played a supportive role, while, as enterprises and service providers transition to 6G, distributed computing will be given a leading role.
Gartner Says Cybersecurity, Application & Integration Strategies and Cloud Are Top Technology Priorities for Midsize Enterprises
Security and risk management, application and integration strategies, and infrastructure and operations are the top three technology priorities for midsize enterprises (MSEs) in 2022, according to a recent Gartner, Inc. survey. “MSEs are shifting investments and even increasing budgets to fund their top technology priorities,” said Mike Cisek, VP Analyst at Gartner.
BCG Says: While 84% of Organizations View Responsible AI (RAI) as a Top Management Issue, Only a Quarter Have Fully Mature RAI Programs
While 84% of global executives believe responsible AI (RAI) should be on top management agendas, only 25% have comprehensive RAI programs in place, as shown in a joint study published today by MIT Sloan Management Review (MIT SMR) and Boston Consulting Group (BCG).
Forrester’s Future Of Jobs Forecast: 63 Million Jobs In APAC Will Be Lost To Automation By 2040
Forrester forecasts that working populations in the five largest economies in Asia Pacific — India, China, South Korea, Australia, and Japan — are more at risk due to physical robot automation than Europe and North America. By 2040, 63 million jobs are expected to be lost to automation, with more than 247 million jobs expected to be in jeopardy across industries that are more susceptible to automation, such as construction and agriculture.
Artificial Intelligence Spending Grew 20.7% Worldwide in 2021, According to IDC
Worldwide revenues for the artificial intelligence (AI) market, including software, hardware, and services for both AI centric and AI non-centric applications*, totaled $383.3 billion in 2021, an increase of 20.7% over the prior year, according to the most recent International Data Corporation (IDC) Worldwide Semiannual Artificial Intelligence Tracker.
TinyML Software-as-a-Service Revenue to Exceed US$220 Million in 2022, On Pace to Become a Billion-Dollar Market by 2030, according to ABI Research
As TinyML vendors continue to democratize Machine Learning (ML) at a rapid pace, global technology intelligence firm ABI Research forecasts that TinyML Software-as-a-Service (SaaS) revenue will exceed US$220 million in 2022 and become an important component from 2025 onward.
According to Everest Group, Growth of Metaverse Increases Trust and Safety (T&S) Risks to Enterprises, Users
As enterprises apply their best creative and strategic thinking to how to take advantage of the metaverse, they should also address the heightened risks the metaverse will pose to employees, customers and corporate assets, according to Everest Group.
Driving Major Returns from Big Data and Data Science Investments in the Prop Tech Sector
Few industry segments depend more on getting the most out of investments in big data analytics and data science than the property technology (PropTech) sector. However, when it comes to finding insights from hundreds of thousands -- if not millions (sometimes billions) -- of data points to drive desired business outcomes, PropTech leaders may be falling short of meeting expected performance objectives, according to a recent BTR-100 survey commissioned by CoreLogic.
The Role of Data Science in Prioritizing FinTech Market Entries
Data science is revolutionizing value generation and customer journeys in the fintech and financial services sector. It has emerged as a critical differentiator that enables companies to meet critical business objectives and complete time-sensitive processes—such as credit risk scoring and property value assessments—more efficiently and affordably.
Gartner Survey Shows 75% of Organizations Are Pursuing Security Vendor Consolidation in 2022
A recent survey by Gartner, Inc. found that 75% of organizations are pursuing security vendor consolidation in 2022, up from 29% in 2020.
Frost & Sullivan: How Global Private 5G Networks Lead Enterprises to a New Level
Frost & Sullivan finds that the developing global private cellular network market will likely expand to $6.32 billion by 2026 from $1.83 billion in 2021 at an impressive compound annual growth rate (CAGR) of 28.1%. Of this total, the contribution of private 5G networks will be significant, reaching $5.05 billion over the forecast period from $600 million in 2021.