Latest News & Executive Interviews
Gartner Identifies Top Three Priorities of Effective Chief Data & Analytics Officers
The most effective data and analytics leaders focus on creating business value, nurturing data and analytics talent, and changing culture, according to Gartner, Inc. “The role of the chief data and analytics officer (CDAO) is growing in influence as it becomes required for organizations to transform data into business value,” said Carlie Idoine, VP Analyst at Gartner.
IDC Tracker Finds Upward Pricing Putting Downward Pressure on AR/VR Headsets
On the backs of a tough economic environment and rising prices, International Data Corporation (IDC) has reduced its outlook for augmented reality (AR) and virtual reality (VR) headsets for the remainder of 2022 and beyond. Global shipments for AR and VR headsets will decline by 12.8% in 2022, dropping to 9.7 million units. Growth is expected to return in 2023 as shipments are forecast to jump 31.5% year over year. Sustained growth of more than 30% is also forecast for the next several years culminating in 35.1 million units shipped in 2026.
According to ABI Research, WAN Connected Returnable Transport Assets Tracking Market to Reach 117 Million Connections by 2027
Returnable Transport Assets (RTAs) have long been a target for IoT solution providers and adopters alike. Wide-Area Network (WAN) technologies have seen significant shipments into this market over the past two years. Global technology intelligence firm ABI Research forecasts that the WAN RTA tracking market will reach 117.3 connections by 2027.
Gartner Forecasts Worldwide IT Spending to Grow 2.4% in 2023
Worldwide IT spending is projected to total $4.5 trillion in 2023, an increase of 2.4% from 2022, according to the latest forecast by Gartner, Inc. This is down from the previous quarter’s forecast of 5.1% growth. While inflation continues to erode consumer purchasing power and drive device spending down, overall enterprise IT spending is expected to remain strong.
Annual US sports OTT subscription revenue will total approximately $22.6 billion in 2027, a 73% increase over five years, Says Parks Associates
According to Parks Associates’ latest research, annual sports OTT subscription revenue in the United States was $13.1 billion in 2022 and will almost double to approximately $22.6 billion in 2027, a 73% increase over the next five years. The new industry report OTT & Sports: Services and Strategies for Growth examines key trends in sports content and provides an overview of the pay-TV sports media landscape, OTT sports services, direct-to-consumer trends, and the sports fan viewing experience.
According to Frost & Sullivan, Demand for Smart City Solutions Spikes with Investments in Upgrading Telecommunication Networks
Smart city solutions empower city governments to acquire distributed city data and unify it while offering a platform to provide innovative solutions for effective city management. Frost & Sullivan’s recent analysis, Smart City Solutions Growth Opportunities, finds that the sector is evolving from aiming to create traffic management solutions to converging with industry participants creating solutions for data simulation, the sharing economy, social media, and mass transit.
Worldwide Enterprise WLAN Market Continues Strong Growth, Increasing Revenues 34% Year-Over-Year in Q3 2022, According to IDC Tracker
Fueled by the continued adoption of the latest Wi-Fi standards and an easing of supply chain constraints, the enterprise segment of the worldwide wireless local area network (WLAN) market increased revenues 34.3% year over year in the third quarter of 2022 (3Q22) to $2.6 billion, according to results published in the International Data Corporation (IDC) Worldwide Quarterly Wireless LAN Tracker.
Gartner Survey Identifies the Top 10 Priorities for CFOs in 2023
Evaluating finance function strategy, scope and design is the top priority for CFOs in 2023, according to a survey by Gartner, Inc. A survey of 157 CFOs in November 2022 ranked the top 10 priorities for CFOs for this year, and 90% of respondents selected evaluating finance strategy, scope and design as the top priority, followed by planning and sequencing finance transformation activities.
Emerging Technologies Play Critical Role in Optimizing Content Catalogs to Maintain Subscriber Engagement and Reduce Churn
As the streaming and content service provider markets move past the immediate aftermath of COVID-19, which stimulated demand for over-the-top (OTT) offerings through the shelter-in-place period, the industry now faces headwinds driven by rising inflation and the prospects of a global recession.
"The OTT sector is experiencing a major wave of change as consumer attitudes and behaviors rapidly evolve in new directions. A significant pivot is taking place as we moved beyond the pandemic when a slew of new streaming service providers rushed into the market to engage directly with consumers starved for new content and experiences," says Matt McSweeney, Vice President of Sales at TiVo.
Doubling Down: Navigating Technology Transformation Though Uncertain Economic Environments
Organizations that double down on transformation initiatives, while reducing costs and focus on automation, integration, and cloud-native experiences will likely be best positioned to navigate the economic headwinds that appear on the horizon as we move into 2023.
Open CPE Platforms and Strategic Partnerships with Best-in-Class Innovators Key to Protecting ARPU and Reducing Churn in 2023
While the shifting business landscape in 2023 is unlikely to dampen consumer demand for new content and services, heightened price sensitivity will drive higher churn levels across broadband network operators and over-the-top (OTT) service providers.
Players that embrace open, robust and intelligent customer premises equipment (CPE) while partnering with best-in-class product and service innovators stand the best chance of weathering an economically uncertain 2023, says Leopold Diouf, Senior Vice President of the Product Division, VANTIVA in a podcast interview for journalists ahead of CES 2023.
ABI Research Says Security Demand from Utilities, Industrial IoT, and Smart Cities Drive Secure Microcontrollers Market to Over US$2 Billion by 2026
Despite facing an increasingly volatile semiconductor industry plagued by ongoing macroeconomic and political issues, the secure microcontroller (MCU) market should fare well in the long term. While the forecasted total available market has contracted, especially in the smart home, retail, advertising, and supply chain spaces, secure MCU shipments will only be temporarily adversely affected. According to a new global technology intelligence firm ABI Research report, the secure microcontrollers market will grow to US$2.2 billion by 2026.
IDC Semiannual Software Tracker Reports Steady Increase for Software Revenues in 2022 and Forecasts Further Growth for the Next Several Years
The International Data Corporation (IDC) Worldwide Semiannual Software Tracker finds strong revenue results for the global software industry among fears of inflation and the ongoing Russia-Ukraine war. Current geopolitical and macroeconomic turmoil is not expected to have a decisive impact on software growth as businesses push for more automation and digitalization to save costs and improve supply chains across the globe.
CASE STUDY: Bandai Namco Taps TiVo Personalized Content Discovery to Enhance Customer Experience and Reduce Churn
With the prospects of an uncertain economy looming, the pay-TV and streaming services market is rapidly adjusting to new content consumption behaviors that will challenge the ability of service providers to meet strategic business objectives. Rising churn is contributing to downward pressure on average revenue per user (ARPU) as subscribers more critically assess what services they will keep over the months and years to come.
"It is in this context that Bandai Namco, the undisputed global leader in anime production, decided to make important changes to its content library platform by implementing the Personalized Content Discovery (PCD) solution from TiVo," says Jon Heim, Senior Director of Product Management, TiVo.
Gartner Predictions for CMOs Show AI, Social Toxicity, and Data Privacy Forge the Future of Marketing
As marketers face increased scrutiny over their operations, Gartner, Inc. has revealed its top five predictions that marketing leaders must incorporate in their strategies in 2023 and beyond to drive results and regain the confidence of business leaders.
Strategic Hybrid Cloud in Enterprise IT to Improve Performance and Data Regulation, According to Frost & Sullivan
More organizations support hybrid and multi-cloud environments as both workers and workloads expand to more locations. Bring-your-own-device policies enable workers to access corporate applications and services from multiple places and platforms, and modern development tools decouple apps and services from the infrastructure that they run on, allowing flexible movement according to business needs.
Cyberattack Risks to IP-Rich Data Double as Manufacturing IoT Connections Grow at a CAGR of 53% by 2026, According to ABI Research
Intellectual Property (IP) theft, including industrial trade secrets, is one of the costliest security breaches costing the U.S. economy, which is between US$225 billion and US$600 billion annually. Most IP forms are stored as IP-rich data via digital mediums, including cloud platforms, servers, and laptops. ABI Research, a global technology intelligence firm, forecasts that manufacturing Internet of Things (IoT) connections will increase by a CAGR of 53% globally, significantly expanding the vector of attack to obtain IP-rich data.
IDC FutureScape: Top 10 Predictions for the Future of Work
International Data Corporation (IDC) announced its Future of Work predictions for 2023 and beyond. With global attention divided between many disruptors, the future of work is fraught with many unknowns, from where and how work will be done to how economic pressures will change job opportunities to how social, skills, and climate concerns will have a broad impact.
Gartner Identifies the Top Trends Impacting Infrastructure and Operations for 2023
Gartner, Inc. highlighted the six trends that will have significant impact on infrastructure and operations (I&O) over the next 12 to 18 months. “The changes that I&O teams face are shifting views of how to purchase, deploy, and manage technology solutions for optimal business results,” said Jeffrey Hewitt, research vice president at Gartner.
Nearly half of OTT subscribers hop between services multiple times over a 12-month period, Says Parks & Associates
A new Parks Associates whitepaper, Optimizing Video, Enhancing Content Performance for OTT Success, reports that nearly half of OTT subscribers hop between services, outside of Netflix, multiple times over a 12-month period. The whitepaper, released in partnership with SymphonyAI Media, examines the current state of the competitive streaming video market and the benefits of implementing data-driven solutions able to handle today's complex revenue models.