Skip to main content

Posts

Why Cloud-Native is The Future of IT Spending

The leading organizations that create a digital transformation plan will gain the most from their use of public cloud computing. However, some CIO and CTO leaders still struggle with how to build a modern cloud migration strategy. The worldwide cloud computing Infrastructure as a Service (IaaS) market grew 41.4 percent in 2021, to a total of $90.9 billion -- that's up from $64.3 billion in 2020, according to the latest market study by Gartner. "The IaaS market continues to grow unabated as cloud-native becomes the primary architecture for modern workloads," said Sid Nag, vice president and analyst at Gartner . Cloud IaaS Market Development Cloud supports the scalability and composability that advanced technologies and applications require, while also enabling enterprise leaders to address emerging needs such as sovereignty, data integration, and enhanced customer experience. In 2021, the top five IaaS providers accounted for over 80 percent of the market. Amazon AWS conti
Recent posts

Global Asset Tracking Spending to Reach $45 Billion

Commercial fleet vehicles are the driving force behind commerce and public mobility. Fleet managers have the important role of organizing and overseeing vehicles for performance, maintenance, and tracking purposes. Telematics solutions collect, store, and analyze data that can be sent to fleet managers. This data helps fleet owners and managers evaluate vehicle maintenance, driver operation, and cargo management. Today's Internet of Things (IoT) technology is transforming fleet management with the ability to connect vehicles and capture a wide range of data about vehicle performance, route, passengers, and cargo. IoT Asset Tracking Market Development According to the latest worldwide market study by Juniper Research , global spending on asset tracking by enterprises will increase from $16 billion in 2022 to reach $45 billion in 2027 -- that's a substantial growth rate of 184 percent. The management and security of high-value assets are becoming of increasingly significant impor

Enterprise Sustainability Demand for ESG Consulting

Today's business leaders face mounting pressures to improve their Environmental, Social, and Governance (ESG) skills. Because the initial steps to the formulation of a sustainable enterprise transformation can be daunting for the C-suite, demand for ESG business strategy consulting has increased. According to the latest worldwide market study by International Data Corporation (IDC), ESG business services spending will grow to $158 billion in 2025 with a five-year compound annual growth rate (CAGR) of 32.3 percent. "In 2022, all enterprises are being pushed to transform and fundamentally change the way they do business to become sustainable enterprises," said Dan Versace, research analyst at IDC . ESG Business Consulting Market Development Owing to increased pressure from customers, investors, and regulators, savvy organizations are just beginning to understand the business case for actionable Corporate Sustainability strategies. Those organizations that develop and implem

Growing Demand for Critical Infrastructure Security

Global cybersecurity spending within critical infrastructure sectors is forecast to reach $23 billion by the end of 2022, that's growing at a 10 percent CAGR to reach $36.67 billion in 2027 -- according to the latest worldwide market study by ABI Research. "Businesses, industries, and in fact the entire world, have never been more connected than they are right now. They have also never been more at risk," said Michela Menting, research director at ABI Research . Organizations and key verticals continue to integrate technologies such as the Internet of Things (IoT), 5G wireless networks, and blockchain-based distributed ledgers -- creating more points of connection, and more points of cyber-security vulnerability. Critical Infrastructure Security Market Development ABI Research has explored the cyber and digital security landscape in its entirety. Their analysis explores actionable cybersecurity trends and market growth forecasts from their ongoing research. According to t

Savvy CFOs Invest in Strategic Digital Transformation

Your Digital Transformation depends on strategic investment in business technology that drives profitability and growth. Given the current global economic outlook, will your Chief Financial Officer (CFO) deny your next request for IT project funding? Think again. Seventy-eight percent of CFOs plan to maintain or increase their enterprise-wide digital investments in the next two years, according to the latest worldwide market study by Gartner. The findings come even as CFOs indicate they are planning cost reductions in other areas of the business if inflation persists this year. Digital Transformation Market Development "Companies that drive the right digital investments have 2.7x higher customer retention, 1.6x higher customer satisfaction rates, and 1.9x higher average order value," said Alexander Bant, chief of finance research at Gartner . Leading digital-enabled companies are also 3x more likely to achieve above-industry revenue and margin growth. Gartner has also found t

Remote Mobile Payment Value to Reach $1.2 Trillion

Fintech startups and traditional financial service providers have seen significant upside opportunities in the payments sector. Smartphones are already an integral channel for eCommerce and Point of Sale (POS) payment transactions. The global COVID-19 pandemic accelerated the transition to mobile phones for payments. Throughout the pandemic, mobile devices were facilitating payment transactions online and in-person -- e.g. while using the Internet to shop at retail sites, or on-premises by using a digital wallet via Near-Field Communication (NFC). Remote Mobile Payments Market Development According to the latest worldwide market study by Juniper Research , the value of biometrically authenticated remote mobile payments will reach $1.2 trillion across the globe by 2027 -- that's rising from $332 billion in 2022. These transactions use biometrics, typically facial and fingerprint recognition, to authenticate remote mobile payments. This growth of 365 percent is driven by recent regul

Digital Transformation Spending Reaches $1.8 Trillion

Ongoing investment in business technology will remain on track, despite concerns about the global economic outlook which continues to evolve in 2022. Enterprise CIOs and CTOs are focused on operational profitability and digital business growth goals that are enabled by strategic IT initiatives. Global spending on the Digital Transformation (DX) of business practices, products, and organizations is forecast to reach $1.8 trillion in 2022 -- that's an increase of 17.6 percent over 2021, according to the latest market study by International Data Corporation (IDC). Many anticipated DX investments will sustain this pace of growth throughout the 2021-2025 forecast period, with a five-year compound annual growth rate (CAGR) of 16.6 percent. Digital Transformation Global Market Development "IDC expects to see aggressive DX technology investment growth in 2022 following a minor slowdown during the pandemic period," said Craig Simpson, senior research manager at IDC . "As orga

Energy Sector IoT Cybersecurity Gains Momentum

The electric distribution industry continues to invest in digital transformation projects. Advanced Metering Infrastructure (AMI) technology is becoming a driver for connected electricity meters, which will reach an installed base of 1.3 billion by 2027. AMI growth is prompting utilities and energy suppliers to revisit their IT infrastructure security and device management operations, according to the latest worldwide market study by ABI Research. Energy Infrastructure Security Market Development Digitization of traditional electricity grids and the modernization of the aging energy infrastructure is among the top concerns for utility operators and governments worldwide. Security for last-mile energy consumption applications was frequently overlooked. "However, the introduction of AMI, smart metering, and grid digitization is steadily increasing spending for secure management services, assisting implementers to transition to IT (information technologies) and OT (operational techno

Flexible Working: Why Company Culture Matters

The main reasons for the Great Resignation are obsolete leadership, fearful middle managers, and a toxic culture that hinders employee engagement. Perhaps that's why some organizations are still struggling with the consideration and development of a flexible working model.  They're incapable of evolving to a more enlightened approach to work where employees are treated with respect. They're stuck in a bygone era of the 20th-century industrial revolution where 'shareholder value' tops all other values, and where spreadsheets and financial data analysis drives all key decision making. We should not be surprised that 76 percent of human resource (HR) leaders now feel that hybrid work challenges an employee's connection to organizational culture, according to a recent survey by Gartner. A 2022 poll of HR leaders reveals the most challenging aspect of setting their hybrid strategy is adjusting the current organizational culture to support a hybrid workforce. In fact,

Securing Fintech via Mobile User Authentication

The global COVID-19 pandemic accelerated the development and adoption of online digital services, including mobile user authentication services. This led to more Fintech solutions growth at a rapid rate from 2020 to 2022, as companies started to adopt one-touch verification. These services enable CIOs and CTOs to increase the level of security offered to customers who are concerned about online financial transactions. However, there are numerous other industry use cases that require increased security measures to protect sensitive data. According to the latest worldwide market study by Juniper Research, mobile network operators will generate $27 billion from the termination of Short Message Service (SMS) related to multi-factor authentication in 2022 -- that's an increase from $25 billion in 2021. Commercial SMS Apps Market Development Juniper analysts predict this 5 percent growth will be driven by increased pressure on digital service providers to offer highly secure user authent