Digital Lifescapes

Predictions about the potential for an economic slowdown in 2019 apparently haven't impacted digital business growth aspirations. As more CEOs focus their executive team attention toward digital transformation investments, IT vendors are preparing for the new demand. Worldwide IT spending is projected to total $3.76 trillion in 2019 -- that's an increase of 3.2 percent from 2018, according to the latest market study by Gartner. "Despite uncertainty fueled by recession rumors, Brexit, and trade wars and tariffs, the likely scenario for IT spending in 2019 is growth," said John-David Lovelock, vice president at Gartner . "However, there are a lot of dynamic changes happening in regards to which segments will be driving growth in the future." IT Infrastructure Market Development Spending is moving from segments such as mobile phones, personal computers and on-premises data center infrastructure to cloud services and Internet of Things (IoT) devices. IoT...

Apps for the Internet of Things (IoT) technologies will create huge amounts of data. That valuable asset is frequently the target of criminals that seek to exploit this rapidly growing resource. It's a scenario where the battleground continues to shift. Amid the turmoil of these cybersecurity threats and ongoing hacking attempts that leverage the power of the IoT against itself, more organizations are forced to realize that they are on the losing side of this war. As such, IT vendors have no choice but to enhance their cybersecurity arsenal with more sophisticated software tools which allow a deeper understanding of their users, devices, and systems. Security Analytics Market Development This momentum will drive the security analytics market toward an impressive revenue of $12 Billion by 2024, according to the latest worldwide market study by ABI Research. Advanced-level data analytics, bolstered by technological advances in Artificial Intelligence (AI) systems, permeate ...

The Juniper Research digital healthcare ecosystem model highlights the flow of products and services from service providers to their patients and the flow of influence from the patients. The dynamics of the ecosystem are changing with patients having more influence on how they are treated and providing information back to developers, vendors and healthcare service providers. Digital Healthcare Market Development New findings from Juniper Research reveal that wearables, including health trackers and remote patient monitoring devices, are set to become ‘must haves’ in delivering healthcare, with $20 billion forecast to be spent annually on these devices by 2023. Meanwhile, assistive hearables, or connected hearing aids made available via healthcare providers, as well as directly to customers at varying price models, will mean this sector generates revenues of over $40 billion by 2022. Their latest market study found that adoption of healthcare wearables will be driven by improv...

The technologies associated with the internet of things (IoT) and machine to machine (M2M) connectivity are enabling a new wave of wireless networking applications within the industrial automation sector. According to the latest global market study by Berg Insight, annual shipments of wireless devices for industrial automation applications reached 4.6 million units worldwide in 2018, accounting for approximately 6 percent of all new connected nodes. Growing at a compound annual growth rate (CAGR) of 16.3 percent, annual shipments are expected to reach 9.9 million in 2023. Moreover, the installed base of wireless IoT devices in industrial automation applications reached 21.3 million units in 2018. Industrial Automation Market Development While wired networking solutions are still predominantly used for industrial communications between sensors, controllers and systems, wireless solutions have gained a strong foothold in a number of applications. Wireless solutions are used for...

As more enterprise CIOs and CTOs embrace hybrid multi-cloud deployment strategies, business technology vendors and cloud service providers must continue to evolve their go-to-market approach -- in recognition of the prevailing IT infrastructure investment trends. Vendor revenue from sales of IT infrastructure products for cloud environments, including public and private cloud, grew 47.2 percent year-over-year in the third quarter of 2018 (3Q18), reaching $16.8 billion, according to the latest worldwide market study by International Data Corporation (IDC). Cloud IT Infrastructure Market Development IDC also raised its forecast for total spending (vendor revenue plus channel mark-up) on cloud IT infrastructure in 2018 to $65.2 billion, with year-over-year growth of 37.2 percent. Quarterly spending on public cloud IT infrastructure has more than doubled in the past two years reaching $12.1 billion in 3Q18 and growing 56.1 percent year-over-year, while spending on private cloud inf...

More CIOs and CTOs are exploring commercial applications for artificial intelligence (AI) use cases that enable the rapid analysis of vast amounts of video content, thereby creating demand for new digital video surveillance solutions. As the video surveillance industry continues its transition toward IP camera systems with on-device analytics capabilities, savvy solution providers continue to offer connected products and services with vastly better value propositions than traditional, legacy analog video systems. Video Surveillance Market Development As a result, ABI Research now forecasts that enterprise video surveillance camera connections will top 348 million by 2023 and that these systems will generate value-added services revenues of $12 billion. “Success within IoT is largely dependent on the ability of providers to create highly specialized, value-added solutions based upon clearly defined use cases supported by market demand,” said Ryan Harbison, research analyst at AB...

The digital payments arena is undergoing rapid change, owing to a combination of factors. Transactions are growing rapidly year-on-year as convenience improves, and regulatory changes help to drive adoption. Meanwhile, the scope of different payment types is increasing. Traditionally, payments were made via Card Not Present (CNP) transactions, or through digital wallets such as PayPal. Presently, the wallet landscape has expanded dramatically since the early days of PayPal, while new pay-by-bank schemes such as SCT Inst in the EU, or Zelle in the U.S. market have created more choice for consumers. Additionally, the banking world is becoming more open -- an API-driven world has created banking-as-a-service opportunities and enabled new financial service firms to enter the market as a result. Digital Payments Market Development According to the latest worldwide market study by Juniper Research, retailers across the globe are now forecast to lose $130 billion in digital CNP fraud ...

Many new internet apps will be deployed during this year. Worldwide spending on the Internet of Things (IoT) is forecast to reach $745 billion in 2019, that's an increase of 15.4 percent over the $646 billion invested in 2018, according to the latest market study by International Data Corporation (IDC). The next chapter of IoT is just beginning, with a shift from digitally enabling the physical world to automating and augmenting the human experience within the online world. Therefore, IDC expects global IoT spending will maintain a double-digit annual growth rate throughout the 2017-2022 forecast period and surpass the $1 trillion mark in 2022. IoT Market Development "Adoption of IoT is happening across industries, in governments, and in consumers' daily lives. We are increasingly observing how data generated by connected devices is helping businesses run more efficiently, gain insight into business processes, and make real-time decisions," said Carrie MacGilliv...

Factory automation is evolving, once again. Machine vision technology remains popular in the manufacturing environment, due to its proven track record of results. However, the introduction of artificial intelligence (AI) technology and machine learning applications will transform many conventional factories. The emergence of deep learning apps creates expanded capabilities and flexibility, leading to more cost efficiency and higher production yield. Deep learning-based machine vision techniques within smart manufacturing will experience a CAGR of 20 percent between 2017 and 2023, with revenue that will reach $34 billion by 2023, according to the latest market study by ABI Research. Machine Vision Market Development  Manufacturers need to improve their production yields and workflow efficiency. Legacy machine vision is easy to implement but is somewhat limited. Current solutions that are widely deployed in quality control, safety inspection, predictive maintenance, and industr...