Although still in the early-adopter stage, the overall market size for media adapters will be limited, reports In-Stat. In a best-case scenario, we see worldwide standalone media adapter shipments growing by a compound annual growth rate (CAGR) of 76 percent from 2004 through 2009, the high-tech market research firm says. "Vendors are convinced there will be an ongoing market for adapters as long as analog home entertainment equipment is sold and used. On the other hand, consumer electronics vendors are planning to integrate media adapter technology directly into consumer electronics devices, eliminating the need for a bridge between a PC or media center and a device." The iPod has been a significant factor in the emergence of the market for media adapters, with Apple at the forefront. In order to drive the market for Media Center Extenders, Media Center Edition 2005 (MCE) PC's need to become more available worldwide. The number of PC manufacturers offering MCE PCs is increasing rapidly. Developing consumer awareness will be an evolutionary process with vendors expecting increased interest by the broader consumer market to develop over the next couple of years.
Across the globe, CEOs and their leadership teams continue to seek information and guidance about planned Digital Transformation initiatives and the most effective enterprise organization change management practices. Worldwide IT and Business Services revenue will grow from $1.13 trillion in 2022 to $1.2 trillion in 2023 -- that's a 5.7 percent year-over-year growth, according to the latest market study by International Data Corporation (IDC). The mid-term to long-term outlook for the market has also increased -- the five-year CAGR is forecast at 5.2 percent, compared to the previous 4.9 percent. Digital Sevices & Consulting Market Development IDC has raised the growth projection despite a weak economic outlook, because of vendor performances across 2022, growth indicators from adjacent markets, increased government funding, and inflation impacts. The actual 2022 market growth was 6.7 percent (in constant currency), which was 87 basis points higher than forecast last year, alth