Digital Lifescapes

Worldwide spending on mobility solutions is forecast to reach $1.72 trillion in 2021, according to the latest market study by International Data Corporation (IDC). Spending on mobility-related hardware, software, and services will see a five-year compound annual growth rate (CAGR) of 2.7 percent. Global spending on mobility solutions will total $1.58 trillion in 2017 -- that's an increase of 4.3 percent over 2016. Mobility Market Development The United States will account for a quarter of all mobility spending throughout the forecast, making it the largest geographic market at nearly $392 billion in 2021. Mainland China will be the second largest country in terms of overall spending ($337 billion in 2021), followed by Japan, Brazil, and the UK. The countries that will see the fastest growth in mobility spending over the five-year forecast period will be Venezuela (8.2 percent CAGR), India (8 percent CAGR), Philippines (7 percent CAGR) and Peru (6.7 percent CAGR). In contras...

Digital health revolves around the integration of traditional healthcare systems and newer technologies to improve efficiency, value for money and ultimately patient outcomes. Electronic Health Records (EHR) have been a big part of this evolution, promising universal access to key elements of a patient's medical history. As many nations have now adopted EHRs, the debate has moved on to what can be done with this data. Interoperability and analytics have become important requirements of healthcare IT systems. Improving access to healthcare and the convenience of that access has become a key goal. As these new IT systems develop, disruptive technologies are now being utilized as part of the digital health landscape. Leading the charge for this disruption is Artificial Intelligence (AI) and chatbots. Digital Health Market Development According to the latest worldwide market study by Juniper Research , the annual cost savings derived from the adoption of chatbots in healthcare ...

More CIOs are investing in business technology that improves their organization's resilience to cyber threats. Worldwide spending on IT security-related hardware, software, and services is forecast to reach $119.9 billion in 2021, according to the latest global market study by International Data Corporation (IDC). With nearly every industry investing in IT security solutions, enterprise spending will achieve a compound annual growth rate (CAGR) of 9.6 percent over the 2016-2021 forecast period. Worldwide spending on security products and services will total $83.5 billion in 2017, an increase of 10.3 percent over 2016. IT Security Market Development "Three overarching trends are driving security spending: a dynamic threat landscape, increasing regulatory pressures, and architectural changes spurred by digital transformation initiatives," said Sean Pike, vice president at IDC . "While IDC expects spending to continue growing, organizations are actively searching ...

Digital transformation has begun to impact the industrial sector where maintaining security is a high priority. According to the findings from a recent survey of U.S. based utility companies, 40 percent of respondents believe that data security is the leading barrier to the adoption of new digital technologies. However, it's clearly a barrier that can be overcome, with 64 percent of large utility organizations expressing a willingness to adopt innovative technologies -- such as Internet of Things (IoT), robotics, and wearable solutions -- within the next twelve months. Utility Technology Market Development "Technological transformation on energy as in the deployment of smart meters, sensors, and other IoT devices embedded into energy infrastructure, presents potential security vulnerabilities such as cyberattacks and threats from hackers, which have the potential to cause catastrophic results," said Raquel Artes, industry analyst at ABI Research . ABI survey findi...

Savvy technology vendors know the trend, CIOs and CTOs are laser focused on digital transformation projects that will fuel enterprise growth, enabled by new online business models and other strategic imperatives. That said, IT infrastructure investment within many markets is still relatively flat. According to the latest regional market study by International Data Corporation (IDC), IT spending in Western Europe will total $453.8 billion in 2017 -- that's a 2.7 percent increase compared with 2016. IT spending in this market will continue to grow at about a 2 percent five-year compound annual growth rate (CAGR). European IT Market Development Investments in new technologies -- such as augmented reality and virtual reality (AR/VR), artificial intelligence (AI) and cognitive computing, robotics, 3D printing, and Internet of Things (IoT) -- will drive demand as companies strive to innovate, improve customer experience, and streamline business processes. During 2017, consumer,...

Personal computer (PC) manufacturers will find no relief from the latest overall industry assessment. Worldwide PC shipments totaled 67 million units in the third quarter of 2017 -- that's a 3.6 percent decline from the third quarter of 2016, according to the latest global market study by Gartner. Note, this is the twelfth consecutive quarter of declining PC shipments. Optimistic industry analysts continue to seek an upside for this historically weak technology market, but some of the largest regions still show no sign of a meaningful recovery. Personal Computer Market Development "While there were signs of stabilization in the PC industry in key regions, including EMEA, Japan and Latin America, the relatively stable results were offset by the U.S. market, which saw a 10 percent year-over-year decline in part because of a very weak back-to-school sales season," said Mika Kitagawa, principal analyst at Gartner . Business PC demand, led by Windows 10 upgrades, conti...

When implemented correctly, the potential benefits that Artificial Intelligence (AI) can bring to the digital advertising industry are significant. Enhancing a digital advertising platform's ability to efficiently target the correct audience, while detecting fraudulent publisher activities, would be a huge advantage. According to the latest worldwide market study by Juniper Research, the use of AI for advertising purposes overlaps with the development of other applications. For instance, as bots and digital assistants are mechanisms for human to machine communications, the opposite may also be true -- where the AI machine, aware of the user's interests, can be used as a tool for brand advertising. However, the applications of AI in advertising extends beyond this use case. AI for Advertising Market Development That said, what's primarily driving the demand for AI apps in advertising? The Juniper Research study found that advertisers will lose an estimated $19 billio...

The ongoing momentum for progressive digital transformation projects continue to fuel IT infrastructure investments across the globe. Open innovation, that will be enabled by emerging business technologies, is the commercial catalyst that can drive a strategic competitive advantage. Worldwide IT spending is projected to total $3.7 trillion in 2018 alone -- that's an increase of 4.3 percent from 2017 estimated spending of $3.5 trillion, according to the latest global market study by Gartner. Global IT Infrastructure Market Development Enterprise software and IT services continue to register strong growth, with communications services driving the majority of new spending. Software spending is projected to grow 8.5 percent during 2017, and it will grow another 9.4 percent in 2018 to total $387 billion. IT services spending is on pace to grow by 4 percent in 2017 to reach $931 billion, and that's an increase of 5.3 percent in 2018 to reach $980 billion. Moreover, the device...

As more CIOs and CTOs prepare for the data deluge that's driving demand for enterprise storage solutions, savvy IT infrastructure vendors are already offering next-generation systems that meet the evolving requirements of their customer's digital transformation projects. Software-defined storage (SDS) is one of several new technologies that are rapidly penetrating the IT infrastructure of enterprises and cloud service providers. SDS is gaining traction because it meets the demands of the next-generation data center much better than legacy storage infrastructure. As a result, International Data Corporation (IDC) forecasts the worldwide SDS market will see a compound annual growth rate (CAGR) of 13.5 percent over the 2017-2021 forecast period, with revenues of nearly $16.2 billion in 2021. Enterprise Storage Market Development Enterprise storage spending has already begun to move away from hardware-defined, dual-controller array designs toward SDS and from traditional on-...

The rush to move IT applications from on-premises enterprise data centers to public cloud service providers, primarily on the basis of the promise of a low-cost, has once again been challenged by recent market research findings. In fact, savvy CIOs and CTOs are seeking comprehensive solutions that meet all their expectations, rather than merely a limited subset. Even if it costs more to achieve that goal, the demand for superior hybrid cloud services is gaining momentum across the globe. As an example, seventy-five percent of respondents to the latest worldwide market study by 451 Research indicate that enterprise IT leaders are willing to pay a premium for enhancements to their server hosting and cloud services. Cloud Services Market Development The most desired improvements are guarantees of security (48.7 percent of respondents) and service performance (43.3 percent) with less interest in paying service providers to take on the operational management burden (27.9 percent). ...