Digital Lifescapes

All consumer electronics devices eventually reach market saturation, where most of the people that crave the product already have it. After declining by 0.3 percent in 2017, the worldwide smartphone market will shrink again this year. Smartphone shipments are forecast to drop by 0.2 percent in 2018 to 1.462 billion units, which is down from 1.465 billion in 2017 and 1.469 billion in 2016. However, IDC expects the market to grow by 3 percent annually from 2019 onwards. Worldwide shipments should reach 1.654 billion in 2022 -- that's a five year compound annual growth rate (CAGR) of 2.5 percent. Smartphone Market Development The biggest driver of the 2017 shipment downturn was the saturated market in China, which saw its smartphone market decline 4.9 percent year-over-year. Tough times are expected to continue in 2018, as IDC forecasts consumption in China to decline another 7.1 percent before flattening out in 2019. The biggest upside potential in Asia-Pacific continues to b...

The online tracking of trailers, containers, rail wagons and cargo boxes is becoming increasingly common in all markets across the globe. New technology, such as the Internet of Things (IoT) and blockchain, will enable more secure automation of this activity. Berg Insight released the findings from their latest global market study. The number of active tracking devices deployed for cargo loading units -- including trailers, intermodal containers, rail freight wagons, air cargo containers, cargo boxes and pallets -- reached 3.7 million worldwide in 2017. Market Development of Cargo Tracking Devices Growing at a compound annual growth rate (CAGR) of 19.6 percent, the number of devices is expected to reach 8.9 million by 2022, according to the Berg Insight forecast. Based upon the current assessment, the tracking solutions market will greatly benefit from a digital transformation. Trailer telematics is the most developed market today, however in terms of installed units the interm...

Savvy communication service provider CIOs and CTOs have abandoned the past -- where they would align their new technology infrastructure investments with traditional IT and networking equipment vendors. In hindsight, the status-quo disruption was somewhat inevitable. Today, 77 percent of all telecom service providers will now require some level of digital transformation over the next three years, to meet the changing market needs in their franchise area and to remain competitive, according to the latest worldwide market study by 451 Research. Telecom Transformation Market Development Specifically, service providers are challenged by IT and networking automation, scalability and reliability issues. But they're not alone. Traditional technology hardware and software vendors will also have to compete with the public cloud providers, as service providers consider hyperscalers for their next compute and storage purchases, since many enterprises are moving workloads off-premises. ...

Across the globe, most wireline service providers operate in a monopoly or duopoly environment where competition is limited and somewhat predictable. The prior limitations of wireless broadband internet access have not impacted the wireline status-quo. That could change. The worldwide fixed wireless broadband access market has been growing steadily over the past several years. ABI Research now forecasts that the market will grow by 30 percent in 2018 and will generate $18 billion in service revenue. That being said, let's explore the market dynamics. Wireless Broadband Market Development As 5G fixed wireless broadband access is about to be launched in North America during 2018, it's likely to expand and provide some telecom service provider customers with better quality service in the years to come. Today, LTE is the most widely used technology to provide fixed wireless broadband service across the world. Fixed LTE is mainly deployed for residential broadband service in...

Strategic investment in business technology is led by CIOs and CTOs that launch new digital transformation initiatives. Those digital growth plans result in the modernization of IT infrastructure. However, an internal IT staff skills shortfall will continue to fuel demand for more savvy and experienced digital business talent. Worldwide revenues for IT Services and Business Services totaled $502 billion in the second half of 2017 (2H17) -- that's an increase of 3.6 percent year-over-year (in constant currency), according to the latest market study by International Data Corporation (IDC). Digital Business Services Market Development "As customers look to digital transformation initiatives to stay relevant in the new economy, vendors face both opportunities and challenges," said Xiao-Fei Zhang, program director at IDC . "While automation and new cloud delivery models reduce overall price, new digital services will require clients to spend more time and resources ...

More CIOs and CTOs are exploring the commercial value of intelligent systems that can enhance their organization's performance. Global business value from artificial intelligence (AI) is forecast to total $1.2 trillion in 2018 -- that's an increase of 70 percent from 2017, according to the latest market study by Gartner. Moreover, AI-derived business value is forecast to reach $3.9 trillion in 2022. According to the Gartner assessment, there are three different sources of AI business value: Customer experience: The positive or negative effects on indirect cost. Customer experience is a necessary precondition for widespread adoption of AI technology to both unlock its full potential and enable value. New revenue: Increasing sales of existing products and services, and/or creating new product or service opportunity beyond the existing situation. Cost reduction: Reduced costs incurred in producing and delivering those new or existing products and services. AI Technology ...

As more companies use technology innovation to improve their scale, automation and robotics continue to generate interest among investors. Mapping and software development have significant potential, particularly as most business leaders seek to digitize their commercial operations. This trend will continue for some time. Consulting on the various types of new technology tools will also likely be an area to follow in the near future, according to the latest worldwide market study by Mergermarket . Technology, Media & Telecom Market Development Moreover, emerging applications for artificial intelligence (AI) are in vogue, and China has emerged as a potential leader in this space, with dealmakers looking to invest in startups specializing in this area. Until the Facebook data protection issue became public knowledge in mid-March, first-quarter (Q1) 2018 activity within the global Technology, Media & Telecommunications (TMT) sector as a whole was experiencing a boost from ...

Worldwide information and communications technology (ICT) spending -- including new technologies -- is expected to exceed $5.6 trillion in 2021 with growth accelerating through the end of the forecast period, according to the latest worldwide market study by International Data Corporation (IDC). By 2021, new technologies, including Internet of Things (IoT) solutions, robots and drones, augmented reality and virtual reality (AR/VR) headsets, and 3D printers, will account for almost a quarter (23 percent) of total ICT spending. ICT Market Development Overall, new technology investments -- including the four pillars of cloud, mobile, big data analytics, and social -- will make up more than 70 percent of worldwide ICT spending. IDC reports that the fastest-growing technology markets last year were AR/VR, cognitive and artificial intelligence (AI), 3D printing, and robotics. Meanwhile, IoT has already grown to account for 15 percent of ICT spending, including new operational technol...

The money transfer segment of the commercial financial services sector is vast, with transactions taking place on both a domestic and international cross-border basis. A recent Juniper Research market study found that global cross-border B2B money transfers totalled $136 trillion in 2017. Yet, to date, the B2B money transfer industry has not experienced the start-up innovation and disruption like other areas in the finance and commerce space. That being said, we can anticipate that 2018 will be pivotal, as more fintech entrepreneurs pursue this previously untapped opportunity. B2B Money Transfer Market Development New study findings have concluded that the cross-border B2B money transfer market is ripe for disruption, as new technologies and legislative changes redefine traditional banking practices across the globe. Cross-border B2B transactions will exceed $218 trillion by 2022, up from $150 trillion this year. In comparison, global GDP was placed at just $77 trillion last ye...