Skip to main content

Worldwide ICT Market will Reach $3.8 Trillion in 2015

International Data Corporation (IDC) announced its top predictions for the Information and Communications Technology (ICT) sector during 2015. Worldwide ICT spending will grow 3.8 percent in 2015 to reach $3.8 trillion. Nearly all new investment will be focused on what IDC calls 3rd Platform technologies.

"IDC first identified the 3rd Platform in 2007 and predicted that it would eventually become the new core of ICT market growth. In 2015, the 3rd Platform will account for one third of global ICT spending and 100 percent of spending growth," said Frank Gens, senior vice President and chief analyst at IDC.

On a geographic basis, ICT spending in emerging markets is forecast to grow 7.1 percent year over year, while mature markets across the globe will reach just 1.4 percent growth. Wireless data will emerge as the largest ($536 billion) and fastest growing (13 percent) segment of telecom spending.

Mobile devices and software apps adoption will continue grow in 2015. Sales of smartphones and media tablets will reach $484 billion, accounting for 40 percent of all IT spending growth (excluding telecom services). Mobile app downloads will start to slow in 2015, but enterprise mobile app development will likely double.

Cloud services adoption will grow rapidly in 2015, with $118 billion in spending on the greater cloud ecosystem. Adoption of cloud Infrastructure as a Service (IaaS) will grow at 36 percent, as market leader Amazon comes under attack from all directions and challengers attempt the counter their market dominance.

Similarly, competition among Platform as a Service (PaaS) providers will likely increase, as competitors engage in ongoing battles to attract developers and their apps. Meanwhile, Software as a Service (SaaS) players accelerate their adoption of PaaS and cloud marketplaces.

Overall, IDC believes that the Internet of Things (IoT) is one of the most important innovation accelerators for growth and expansion of IT-based value in the global marketplace. The invention of intelligent and connected "things" will drive the development of thousands of new ICT solutions.

One third of IoT spending in 2015 will be focused on intelligent embedded devices outside the IT and telecom industries, helped by partnerships among leading IT companies seeking to kick-start the market for industry-specific solutions.

The majority of raw compute and storage capacity will move to hyperscale data centers operated by public cloud service providers. This shift will spawn new cloud-first hardware innovations and drive greater consolidation among the server, storage, software and networking vendors.

IDC believes a number of significant industry disruptions will emerge in 2015 -- such as alternative payment networks in financial services, expansion of IoT technologies into city government, and the creation of location-based services in the retail industry. IDC also predicts that the number of vertical industry platforms – specialized cloud-based solutions – will expand and double during 2015.

Popular posts from this blog

Digital Identity Verification Market to Reach $16.7B

As more enterprise organizations embrace the ongoing transition to digital business transformation, CIOs and CTOs are adopting new technologies that enable the secure identification of individuals within their key stakeholder communities. A "digital identity" is a unique representation of a person. It enables individuals to prove their physical identity during transactions. Moreover, a digital identity is a set of validated digital attributes and credentials for online interactions -- similar to a person's identity within the physical world. Individuals can use a 'digital ID' to be verified through an authorized digital channel. Usually issued or regulated by a national ID scheme, a digital identity serves to identify a unique person online or offline. Digital Identity Systems Market Development Complementary to more traditional forms of identification, digital identity verification systems can enhance the authenticity, security, confidentiality, and efficiency of

Software-Defined Infrastructure: The Platform of Choice

As more organizations adapt to a hybrid working model for their distributed workforce, enterprise CIOs and CTOs are tasked with delivering new productivity-enabling applications, while also seeking ways to effectively reduce IT cost, complexity, and risk. Traditional IT hardware infrastructure is evolving to more software-based solutions. The worldwide software-defined infrastructure (SDI) combined software market reached $12.17 billion during 2020 -- that's an increase of 5 percent over 2019, according to the latest market study by International Data Corporation (IDC). The market grew faster than other core IT technologies. The three technology pillars within the SDI market are: software-defined compute (53 percent of market value), software-defined storage controller (36 percent), and software-defined networking (11 percent). "Software-defined infrastructure solutions have long been popular for companies looking to eliminate cost, complexity, and risk within their data cente

Global Pandemic Accelerates the Evolution of Transportation

Given the current trends across the globe, organizations that depend upon the continued growth of personal vehicle ownership will need to consider a plan-B scenario. While some companies will be able to adapt, others may find that their traditional business model has been totally disrupted. According to the latest worldwide market study by Juniper Research, Mobility-as-a-Service (MaaS) will displace over 2.2 billion private car journeys by 2025 -- that's rising from 471 million in 2021. Juniper believes that for MaaS to enjoy widespread adoption, subscription or on-the-go packages need to offer a strong combination of transport modes along with feasible infrastructure changes, high potential for data collection and low barriers to MaaS deployments. Mobility-as-a-Service Market Development The concept of MaaS involves the provision of multi-modal end-to-end travel services through a single platform by which users can determine the best route and price according to real-time traffic