Digital Lifescapes

Enterprise data lakes are an essential component of many digital transformation projects. Numerous insights about customers, partners and other stakeholders are extracted from these significant commercial assets. Given the benefits, IT infrastructure and associated software investment will increase to support new use cases. According to the latest worldwide market study by International Data Corporation (IDC), revenues for big data and business analytics (BDA) solutions will reach $260 billion in 2022 with a compound annual growth rate (CAGR) of 11.9 percent over the 2017-2022 forecast period. BDA revenues are expected to total $166 billion in 2018 -- that's an increase of 11.7 percent over 2017. Big Data and Analytics Market Development The industries making the largest investments in big data and business analytics solutions throughout the forecast are banking, discrete manufacturing, process manufacturing, professional services, and federal or central government. Combine

The Technology, Media and Telecommunications (TMT) sector has experienced numerous mergers and acquisitions (M&A) within 2018 thus far. All sub-sectors are already showing signs of upside potential as new pockets of growth fuel the Global Networked Economy. By the end of the first half (H1) of 2018, global TMT values had reached $371.1 billion and 1,693 deals, representing a 19 percent share of global M&A. The strong results nearly surpassed H1 2015 record high of $383 billion, which represented a market share of 21 percent, according to the latest worldwide market study by Mergermarket . TMT Deal Sub-Sector Analysis The total deal value in the overall TMT sector also marked a 107 percent jump, when compared to figures from H1 2017 ($179.4 billion), though the deal count fell by 53 transactions (from 1,746). Technology sub-sector accounted for the largest share of TMT’s total deal value -- 46.2 percent with $171.5 billion, while the Technology deal count of 1,329 transa

Cybercrime is a growing threat to corporations and their customers, who are increasingly using online web services and mobile apps. Several regulatory mandates, including GDPR (General Data Protection Regulation) to PSD2 (Payment Services Directive 2), all require high standards of cybersecurity. From a compliance perspective, secure IT systems and data storage is now a 'must-have' requirement. In the event of a data breach, there are significant fines for non-compliance with the appropriate data protection guidelines. Due to ongoing regulation enforcement, some companies are already facing fines for not disclosing data breaches. Furthermore, the lingering damage to their commercial reputation may be difficult to quantify. Cybersecurity Market Development According to the latest worldwide market study by Juniper Research, over 33 billion records will be stolen by cybercriminals in 2023 alone -- that's an increase of 175 percent over the 12 billion records expected t

For decades, Moore's Law has been driving the advancement of traditional computing systems development, leading to the proliferation of smart devices at the edge and centralized cloud computing. However, we're now reaching the limits of legacy computing technology, and the search for another high-performance computing platform has begun. Quantum computing is the next-generation. Total revenues generated from quantum computing services will exceed $15 billion by 2028, according to the latest worldwide market study by ABI research. Most of these services will be cloud-based offerings. Quantum Computing Market Development The demand for quantum computing services will be driven by some process hungry research and development projects as well as by the emergence of several applications including advanced artificial intelligence algorithms, next-generation cyber security encryption, traffic routing and scheduling, protein synthesis, and/or the design of advanced chemicals and

It's already clear that most savvy industry leaders have a greater understanding of blockchain technology than was the case a couple of years ago. This stems from a surge with internal research and development, in partnership with third parties, as blockchain has the potential to be deployed in a variety of use cases. As the number of Hyperledger pilot projects increased, so has awareness. It's improved among the project participants and elsewhere in their industries, with competitor companies beginning to consider whether they should seek to gain a competitive advantage from a blockchain deployment. Blockchain Applications Market Development According to the latest worldwide market study by Juniper Research, blockchain deployments will enable banks to realize savings on cross-border settlement transactions of more than $27 billion by the end of 2030, thereby reducing costs by more than 11 percent per on-chain transaction. According to the analyst's assessment, fina

Becoming a Digital Business is very challenging because it demands new thinking, a willingness to evolve and bold ideas. As market leaders continue to embrace a digital transformation agenda, they're finding that the transition requires significant changes to organizational culture and internal systems. A recent Gartner survey found that a relatively small number of organizations have been able to successfully scale their digital business initiatives beyond the experimentation and piloting stages. "The reality is that digital business demands different skills, working practices, organizational models and even cultures," said Marcus Blosch, research vice president at Gartner . "To change an organization designed for a structured, process-oriented world to one that's designed for ecosystems, adaptation, learning and experimentation is hard." Gartner has identified six barriers that CIOs must overcome to transform their organization into a truly digital b

Smart City initiatives are one of the most important developments worldwide in public sector digital transformation. Given the crucial role that cities will play in both overall digitization efforts and the development of national economies, the largest or fastest-growing use cases have the attention of municipal leaders across the globe. Smart City initiatives will attract technology investments of more than $81 billion globally in 2018, and spending is forecast to reach $158 billion in 2022, according to the latest worldwide market study by International Data Corporation (IDC). Smart City Initiatives Market Development "We are now delivering detailed sizing of 25 named use cases, as well as the first release of a new database of spending at City level," said Serena Da Rold, program manager at IDC. Intelligent transportation and data-driven public safety remain the largest investment areas, but IDC analysts report they are also finding significant pockets of investme

There's a huge upside opportunity for digital payment innovation in America. As of December 2017, Juniper Research estimates that only 9 percent of the total payment cards in circulation within the U.S. market was contactless-enabled -- this translates into just over 100 million cards. While this is a significant installed base -- around 13 percent of total chip cards issued in the U.S. market -- Juniper estimates that only 5.5 percent of the cards were actually used to make contactless offline point-of-sale purchases in 2017. This translates into about 6 million contactless cards used for payments. That's relatively low in comparison with more advanced markets such as Canada (60 million) and the UK (108 million). Contactless Payment Market Development Juniper Research forecasts that driven by payment cards and mobile wallets, in-store contactless payments will reach $2 trillion by 2020 -- that represents 15 percent of the total point of sale transactions. Furthermore

Home-based healthcare options have exploded since the availability of internet access has become pervasive. Moreover, as healthcare shifts from reactive to proactive patient care, a huge market is ready for automation products that can help deliver health and wellness services through smart home solutions. The ubiquity of broadband connectivity, development of smart sensors, and the decreasing costs of devices have already made it possible to offer aging-in-place, chronic disease management, and post-acute care services in smart homes. Smart Healthcare Market Development However, digital health vendors are striving to take telehealth to the next level by developing solutions that will allow caregivers to check on the health of all the residents of the house, not just the patient's, monitor diet and nutrition, the environment, and overall wellness, and be integrable with existing and newer systems. "Patients are conscious of their health quotient and want to be involved

Manufacturers have traditionally been considered the primary drivers of new robot technology investment. Robots are now infiltrating other business sectors. The robotics industry gained new momentum in 2017 with total venture capital (VC) investment reaching $2.7 billion, according to the latest worldwide market study by ABI Research. "While the growth in investment from 2016 to 2017, at 23.2 percent, slowed from growth between 2015 and 2016, this was affected by applying a narrower understanding of robotics, leaving out categories like autonomous cars," said Rian Whitton, research analyst at ABI Research . Robotic Technology Market Development Had the same definition of robotics been used as in previous years, total investment would have exceeded $5 billion. Given the narrower definition, the sizeable increase in investment is a further indication of the growing confidence in the robotics industry, and the sense of urgency investors have in funding these key technologi

The dramatic increase in internet-connected devices has created a significant attack surface for hackers and cybercriminals. Applications for the Internet of Things (IoT) are growing. As a result, the related challenges associated with IoT data security and privacy will increase with time. Whether their motive is simply mischief, theft, or some other goal, the impact of IoT-related criminal activities can be far-reaching and very costly. Vendors of cybersecurity software and services will, therefore, experience growing demand for their offerings. IoT Security Market Development According to the latest worldwide market study by Juniper Research, spending on IoT cybersecurity solutions is forecast to reach over $6 billion globally by 2023. The analyst has highlighted rapid growth, with spending by product and service providers (in consumer markets) and end-customers (in industrial and public services markets) to rise nearly 300 percent over the forecast period. Juniper also cla