Digital Lifescapes

The advancement of digital Money Transfer Operators (MTOs) continued during the past year, with more offerings, better marketing and an improved international scale. One important way that savvy MTOs are accelerating their transaction growth is by pursuing new business partnerships. Moreover, the increased use of mobile phones for money transfers is driven by the launch of apps from established MTOs, as well as new offerings from digital MTOs. Mobile subscribers sending international payments are forecast to reach 66 million in 2024 -- that's up from 41.2 million in 2019. Digital Money Transfer Market Development According to the latest worldwide market study by Juniper Research, global international digital money transfer transaction volume will reach 2 billion by 2024 -- that's up from 1.1 billion in 2019. The new research found that both online and mobile channels are achieving strong growth, with fintech disruptors and market incumbents rapidly gaining money transfe...

The Internet of Things (IoT) and machine to machine (M2M) solutions market continues to evolve, showing growth in all world regions and vertical industries. A variety of hardware and software vendors are helping to propel the emerging technology and associated use cases to new heights. As an example, the market for cellular IoT gateways, routers and modems is expanding, according to the latest worldwide market study by Berg Insight. More than 3.4 million cellular IoT gateways were shipped globally during 2018, at a total market value of approximately $921 million. Growing at a compound annual growth rate (CAGR) of 18.5 percent, annual shipments are expected to reach 8 million in 2023. IoT Gateway Market Development Cellular IoT gateways are standalone devices intended for connecting machines to a wireless communication network. These include general-purpose cellular gateways, routers and modems that are enclosed in a chassis and have at least one input/output port. Note that ...

Advances in semiconductor technology enable apps at the edge of networks, creating new uses cases. The global edge computing market was valued at $1.47 billion in 2018 and is forecast to reach $28.84 billion by 2025 at a CAGR of 54 percent, according to the latest worldwide market study by Grand View Research . The growing need to process large volumes of data generated from the Internet-of-Things (IoT) applications that are closer to the end-user will drive demand for these solutions. Increasing emphasis on cost reduction and process automation will also motivate more adoptors. Edge Computing Market Development Organizations are already applying edge computing technology to enhance operations and gain real-time insights from their IoT data. Thus, the continued transition toward edge computing is expected to influence the IT strategies of more CIOs and CTOs at forward-thinking companies. Continued adoption of edge computing for data center applications is also expected to prope...

Global demand for enterprise data center server and storage infrastructure tends to fluctuate. According to the latest market study by International Data Corporation (IDC), worldwide converged systems market revenue increased 3.5 percent year-over-year to $3.75 billion during the third quarter of 2019 (3Q19). "The converged systems market continues to grow despite a challenging overall data center infrastructure environment," said Sebastian Lagana, research manager at IDC . Converged Systems Market Development In particular, hyperconverged solutions remain in demand as vendors position the solutions as an ideal framework for hybrid, multi-cloud environments due to their software-defined nature and ease of integration into premises-agnostic environments. The IDC converged systems market view offers three segments: certified reference systems & integrated infrastructure, integrated platforms, and hyperconverged systems. The certified reference systems & int...

The video entertainment market continues to evolve in America. Low-cost, new and improved over-the-top (OTT) video streaming services have made it virtually impossible for the traditional pay-TV providers to justify their high-cost offerings. Meanwhile, the legacy pay-TV service providers can't halt the continued loss of subscribers, as consumers seek and find alternative sources of news, weather and video entertainment online. U.S. multi-channel defections ballooned in the third quarter, amplified by tighter promotions at a time when consumers need little additional motivation to seek OTT alternatives, according to the latest market study by Kagan, a TMT research group within S&P Global Market Intelligence . Pay-TV Market Development Kagan estimates traditional multi-channel subscribers fell by nearly 1.9 million in the three months ended September 30 -- that's a 25 percent spike from the previous largest drop in the second quarter of 2019. The combined tradition...

Has the public cloud computing services market matured to the point of saturation? The most current market research data seems to indicate that growth may be slowing across the globe. Regardless, demand is not focused on technology, instead, it's all about the anticipated business outcomes. While line of business (LoB) leaders typically drive demand for cloud service adoption, it's the enterprise CTO and CIO that must manage the cloud computing and storage procurement process. Meanwhile, numerous vendors and service providers are now competing for new cloud customers. Public Cloud Market Development The worldwide public cloud services market is forecast to grow 17 percent in 2020 to total $266.4 billion -- that's up from $227.8 billion in 2019, according to the latest market study by Gartner. "At this point, cloud adoption is mainstream," said Sid Nag, research vice president at Gartner . "The expectations of the outcomes associated with cloud investm...

New research has focused on the economic value of fifth-generation (5G) wireless communication technology, the Internet of Things (IoT), and how they enable the development of new vertical industry applications. 5G will dramatically gain importance in providing wireless connectivity to industrial environments, especially in the context of Industry 4.0 and the automation of production processes and monitoring of machine conditions. 5G Infrastructure Market Development According to the latest worldwide market study by ABI Research, by 2026 there will be 5.3 million 5G connections on the factory floor which will generate revenue of more than $184 million -- that's a CAGR of 623 percent between 2021 and 2026. "As a technology, 5G will be a perfect fit to provide wireless connectivity on the factory floor, since it enables, for example, establishing a massive wireless sensor network or implementing Virtual Reality (VR) and Augmented Reality (AR) applications for predictive ...

While blockchain applications are still evolving across the globe, several use cases across asset tracking, financial services and digital identity are already in production and offer valuable improvements. Joining the list of compelling blockchain use cases: the food industry. More than 30 percent of the food produced worldwide is lost or wasted before it is consumed. With the global population expected to grow to 9.8 billion by 2050, improving the food supply chain efficiency will greatly reduce food scarcity and advance the attainment of sustainability goals. Introducing blockchain to the food industry can deliver many benefits. All are linked to the visibility it gives manufacturers, retailers and producers able to view their upstream and downstream activities, location and status of products, with certifications and insights for the entire value chain. Blockchain Market Development According to the latest market study by Juniper Research, blockchain will enable $31 billion...

Now that data breaches are more common, Digital Trust is a top priority for C-level leaders that build and maintain the IT infrastructure for digital transformation. Besides, for most organizations, losing digital trust can have a significant impact on brand reputation and the bottom line. Artificial Intelligence (AI) and Machine Learning (ML) have been adopted for their automation benefits, from predictive outcomes to advanced data analytics. AI-based cybersecurity can augment the capabilities of IT staff and help organizations deflect cyber threats, according to the latest market study by Frost & Sullivan. AI and ML Market Development Particularly, AI and ML have been used widely in cybersecurity industries, by both hacking and security communities, making the security landscape even more sophisticated. Many organizations, regardless of size, are now facing greater challenges in day-to-day IT security operations. Many of them indicate that the cost of threat management, p...