Digital Lifescapes

Adoption of mobile internet access, combined with the development of innovative cloud services and wearable devices, has created a multitude of new consumer and business use cases that will drive demand, according to the latest worldwide market study by International Data Corporation (IDC). Global shipments of wearable devices are forecast to reach 125.3 million units in 2018 -- that's up 8.5 percent from 2017. The growing popularity of smartwatches and greater wearables adoption in emerging markets will combine to produce a five-year compound annual growth rate (CAGR) of 11 percent with shipments jumping to 189.9 million units in 2022. Wearables Market Development "The transition from basic wearables to smart wearables will continue over the next five years as the two approach parity in terms of market share by 2022," said Jitesh Ubrani, senior research analyst at IDC . "The rise of smart wearables will not just be in mature markets, but also from emerging mar...

The emerging new applications of the global positioning system (GPS) and the internet of things (IoT) are only limited by a savvy vendor's imagination. Exploring the full potential of these enabling technologies is resulting in significant new upside revenue opportunities. According to the latest market study by Berg Insight, the market for consumer GPS pet trackers and services in Europe and North America is forecast to grow from € 60 million in 2017 to reach about € 340 million in 2022. GPS Tracking Market Development The European market is slightly larger than the North American market. At the end of 2017, there were around 270,000 active pet tracking devices in Europe and 240,000 devices in North America. The number of active pet trackers is estimated to grow at a compound average growth rate (CAGR) of 48 percent in Europe and 52 percent in North America, to reach around 1.9 million active units in each region at the end of the forecast period. Annual shipments of pet...

How can artificial intelligence (AI) technology improve traditional medicine? With 97 percent of all drug discovery programs reportedly failing, the development of a single new therapeutic involves an average cost of $2.6 billion. Helping to improve that process is a huge upside opportunity. Today, the complex research framework that's involved in the discovery and development of new therapeutic products makes drug innovation an extremely laborious process, according to the latest worldwide market study by Frost & Sullivan. Pharmaceutical AI Market Development More than 60 percent of known diseases remain untreatable. Meanwhile, life sciences companies are making progress in the fields of gene and cell therapies, omics technologies, and smart molecules approaches, creating the need for advanced, cost-effective technologies that can parse large quantities of data. "Pharmaceutical companies are increasingly recognizing the value of deploying AI-based platforms that c...

While the wearables trend began with the wristband device, sensor miniaturization has now progressed to a wide range of form factors. As an example, the 'hearable' or ear-based wearable device combines these sensor inputs and additional computing power with a variety of new use cases for the ear. More miniaturization will help drive the capabilities of the market, as well as push hearables capability into the mid-tier device market. This sector is uniquely positioned, with more mainstream market pricing, to change both the wearables space and the existing ear-based device sector. Being able to successfully navigate this evolving landscape will require both a clear vendor vision on what the sector can achieve and an awareness of what existing technology partners can bring to the market. Hearables Market Development According to the latest worldwide market study by Juniper Research, there will be an estimated 417 million hearables in use by 2022. This includes fitness-fo...

I read the book “ Connecting the Dots ” by John Chambers from the perspective of an industry insider, having worked within the internet sector since the mid-90s, and also previously as an employee at Cisco Systems for six years. I believe that Mr. Chambers was instrumental in helping to make ‘strategic communications’ an essential part of the company’s high-growth culture. Therefore, I’ll elaborate on a key topic, highlighted in Chapter Four of the book -- “Embrace Your Purpose, Not Your Products.” Cisco is often referred to as a ‘bellwether’ stock, meaning it’s a leading indicator of the direction of the economy, or of a sector of the market, or the market as a whole. How did Cisco achieve that eminence with a remarkable internet-enabled worldview? It was partly via commercial storytelling . "Together, we did play a critical role in changing how the world works, lives, learns, and plays." - John T. Chambers Rise Above the Me-Too Vendor Noise In an industry that...

Expect to see and hear more commentary about fifth-generation (5G) wireless communication related national leadership policies in 2019. Physical industries are rapidly transforming on an unprecedented scale with digitization becoming a critical priority that fuels the Global Networked Economy. As an example, end-to-end 5G network slicing is promised to be a growing part of that transformation but mobile telecom service providers must change all aspects of their business before they address it. 5G Infrastructure Market Development ABI Research has forecast that network slicing stands to create approximately $66 billion in value for enterprise industry verticals -- including manufacturing, logistics, and transportation -- by 2026. 5G network slicing has become the focus of much attention in part due to its intrinsic ability to afford flexibility and dedicated resources tuned to different industrial use cases. Legacy networks and wired technology dominate in the fragmented industr...

In-vehicle technologies and telematics, in particular, will transform the automotive industry. The term ‘connected cars’ refers to devices installed in the vehicle which allow Machine-to-Machine (M2M) communication or machine-to-human interaction. M2M is communication between two single machines with no human interaction. In terms of vehicle telematics, this allows data to be sent from the vehicle to another location and used for vehicle conditioning or to monitor driver behavior. Connected Car Market Development According to the latest worldwide market study by Juniper Research, over 62 million vehicles will be capable of Vehicle-to-Vehicle (V2V) communication by 2023 -- rising from just over 1.1 million in 2019. This adoption represents an average annual growth rate of 173 percent over these 4 years. Juniper believes that V2V solutions will enable low-latency communications between vehicles, notably for the purpose of driver safety. The new market analysis found that th...

As more CIOs and CTOs embrace Hybrid IT infrastructure models, incorporating multicloud solutions, another key trend is gaining momentum. According to the latest worldwide market study by International Data Corporation (IDC), five large industry groups are expected to spend a total of $37.5 billion on industry cloud solutions in 2018. The five industry groups are healthcare, public sector, finance, retail and wholesale, plus the manufacturing sector. Among them, manufacturing grew the most, while retail and wholesale were next to increase their investment. Industry Cloud Market Development The overall market is expected to reach $45.4 billion in 2019 with three of the five groups growing above the market average of 21.5 percent. Healthcare provider and public sector spending are both forecast to grow below the market average, although their 2019 growth rates will be higher than those for 2018. "IDC's latest forecast shows that industry cloud growth rates will continue ...

The digital payments arena is undergoing rapid change, owing to a combination of factors. Transaction volumes are increasing rapidly as convenience improves, along with the impact of regulatory moves toward a cashless society. Additionally, the banking world is becoming more open -- where an API-driven marketplace has created ‘banking-as-a-service’ opportunities and allowed new providers to enter the market. It is not surprising that as online financial services offerings adoption and eCommerce transactions grow across the globe, so do the number of potentially fraudulent activities. Online Fraud Prevention Market Development According to the latest worldwide market study by Juniper Research, annual online payment fraud losses from eCommerce, airline ticketing, money transfer and banking services will reach $48 billion by 2023 -- that's up from the $22 billion in losses projected for 2018. The new research by Juniper analysts uncovered that a critical driver beh...

The global market for server virtualization technologies has experienced relatively low growth as more CIOs and CTOs consider alternative approaches to support their developer's need for agile IT infrastructure deployment. While some early adopters are experimenting with 'serverless' solutions, the mainstream market is utilizing software applications container solutions. According to the latest worldwide study by 451 Research, the emerging applications container market will continue to expand and be worth more than $2.1 billion in 2019 and more than $4.3 billion by 2022 – that's a compound annual growth rate (CAGR) of 30 percent. Application Container Market Development When 451 Research first published a forecast on the container market two years ago, there were 125 companies identified in their market analysis. Included in the most recent forecast is an examination of 184 vendors, which represents about a 50 percent increase from the number of vendors in late 20...

Successful vendors enable business and IT decision makers to better understand the scope and direction of their investments for digital transformation. It's a global phenomenon, where those savvy vendors with a client-centered view of how to quickly achieve commercial outcomes will gain the most market share. European spending on information technologies and services that enable the digital transformation (DX) of business practices, products, and organizations is forecast to reach $378.2 billion in 2022, according to the latest worldwide market study by International Data Corporation (IDC). Digital Transformation Market Development Within Europe, DX spending is expected to steadily expand throughout the 2017-2022 forecast period, achieving a five-year compound annual growth rate (CAGR) of 15.1 percent. Europe is the third largest geography for DX spending, after the United States and China. Four industries will be responsible for nearly 44 percent of the $256 billion in Eur...

Fintech innovation has evolved over several years. However, it's only recently that fintech has started to achieve its potential to transform the legacy global financial services sector. The Internet of Things (IoT) -- devices that can handle a range of Machine-to-Machine (M2M) and human-machine interactions -- enable a variety of offerings that rely on new technologies. These now form distinct technology platforms for online payments, and other financial functions across the IoT, which can be considered distinct from fintech in general. Fintech Payment Market Development The ability to use connected objects to pay for things has been a key component of the IoT concept for many years. These can vary from using an IoT device as a discrete method of payment -- such as an NFC-enabled wearable -- to automated payments based on the state of the object being measured through various sensors. According to the latest market study by Juniper Research, the IoT payments market will ...