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Showing posts from February, 2020

More Upside for Private Cloud Infrastructure Spending

Hyperscale cloud providers are experiencing some market saturation. Vendor revenue from IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, declined in the third quarter of 2019 (3Q19) as the overall IT infrastructure market continues to experience weakening sales following strong growth in 2018. The decline of 1.8 percent year-over-year was much softer than in 2Q19 as the overall spend on IT infrastructure for cloud environments reached $16.8 billion, according to the latest market study by International Data Corporation ( IDC ). As a result, IDC chose to slightly increase its forecast for total spending on cloud IT infrastructure in 2019 to $65.4 billion -- that represents a flat performance compared to 2018. Cloud IT Infrastructure Market Development  The decline in cloud IT infrastructure spending was driven by the public cloud segment, which was down 3.7 percent year over year, reaching $1

Communication Service Providers Embrace AI Apps

Public cloud computing applications have left the telecom service providers in a marginalized position. The whole industry has always been directly affected by technology innovation and digital disruption. That said, the past 10 years have been particularly challenging for several significant reasons. The mainstream penetration of artificial intelligence (AI) and machine learning (ML) in communication services, the rise of highly customized Over-the-Top (OTT) applications, the rollout of superior connectivity modes such as 4G LTE and 5G, and the internet of things (IoT) have changed the landscape. In the face of the hyper-personalized, customer-centric and often free OTT alternatives, communication service providers (CSP) have already under growing pressure to combat declining Average Revenues per User (ARPU) -- a key growth metric that industry analysts measure. CSP AI Analytics Market Development According to the latest worldwide market study by Juniper Research, total networ

AI and Automation Experts Transform Law Departments

Across the globe, the traditional legal profession is still very labor-intensive. Higher salaries and the limited use of automation has driven up the cost of performing even the most mundane routine tasks. That's going to change. The disruption has already begun. The intense pressure from senior executives on their legacy corporate legal department has pushed lawyers to consider robotic process automation (RPA), artificial intelligence (AI), machine learning and natural language processing benefits, according to the latest worldwide market study by Gartner. In fact, they now predict that law robots (or lawbots) will handle a quarter of the typical enterprise internal legal support requests by 2023. The virtual legal assistant (VLA) will be commonplace. Legal Process Automation Market Development  "While VLAs, legal chatbots, and lawbots may seem like hype, their use in legal departments can yield significant benefits," said Zack Hutto, director at Gartner . "

Wireless Apps will Transform the Smart Building Market

Automation in commercial buildings has focused on four sectors: HVAC, lighting, access control, plus fire and life safety. Now, new applications in space management, environmental monitoring, asset management, and cleanliness & hygiene management are being offered to enhance existing building automation systems. Together, these new smart building solutions will grow at a 32 percent CAGR over the next 8 years to create $2 billion in software and services revenues by 2026, according to the latest worldwide market study by ABI Research. Smart Building Market Development Space management solutions are being created and engineered with a variety of sensors, including contact, motion, and occupancy. Typically implemented into office buildings, new space management solutions are becoming more useful in significantly larger commercial buildings, such as airports or stadiums. "Occupancy and motion sensors can be used to help improve the speed in which travelers can maneuver the

How Blockchain Enables Self-Sovereign Identity Apps

Many organizations need to verify your identity before you initiate an online transaction. But there are two issues: it's easy for fraudsters to exploit the system when all that's required is an email address and password. And, when the burden of proof is higher, this can be problematic for users. The ability to either create or impersonate identities is a challenge for many businesses, particularly those processing financial data and associated payments. According to the latest worldwide market study by Juniper Research, in 2024 over $50 billion will likely be lost due to online payment fraud. There are multiple points of potential failure in conventional identification and verification processes, particularly for online payment details. Passwords and centralized repositories are typically the core security issue in the growing problem of identity fraud. Blockchain and SSI Market Development Juniper analysts believe that one of the most promising approaches to improve

Global Upside for Robotic Systems and Drones Market

Global spending on robotic systems and drones will reach $128.7 billion in 2020 -- that's an increase of 17.1 percent over 2019, according to the latest worldwide market study by International Data Corporation (IDC). By 2023, IDC expects the investment will reach $241.4 billion with a compound annual growth rate (CAGR) of 19.8 percent. Robotic systems will be the larger of the two categories throughout the five-year forecast period with worldwide robotics spending forecast to be $112.4 billion in 2020. Spending on drones will total $16.3 billion in 2020 but is forecast to grow at a faster rate (33.3 percent CAGR) than robotics systems (17.8 percent CAGR). Robotics and Drones Market Development Hardware purchases will dominate the robotics market with 60 percent of all spending going toward robotic systems, after-market robotics hardware, and system hardware. Purchases of industrial robots and service robots will total more than $30 billion in 2020. Meanwhile, robotics-relat

How Artificial Intelligence Enables a Diverse Workplace

While much of the prior interest in automation has focused on very limited worker categories and related tasks -- such as traditional manufacturing -- there's now a growing interest in exploring the potential to automate all types of repetitive work. Artificial intelligence (AI) applications -- as an example, virtual personal assistants and chatbots -- are being adopted rapidly within the global workplace. By 2024, Gartner predicts that these technologies will replace almost 69 percent of the typical manager’s workload. AI Applications Market Development "The role of manager will see a complete overhaul in the next four years," said Helen Poitevin, vice president at Gartner . "Currently, managers often need to spend time filling in forms, updating information and approving workflows. By using AI to automate these tasks, they can spend less time managing transactions and can invest more time on learning, performance management and goal setting." According

Wholesale Mobile Roaming Revenue will Reach $41B

Mobile roaming enables customers of one mobile provider to use the network of another when the subscriber’s 'home network' is unavailable. As a result, network operators acquired agility in releasing new mobile communication services. Over the next five years, mobile network operators must ensure they can offer new 5G services to subscribers when roaming away from the home network. However, the majority of providers will launch offerings through alliances of sub-regional bilateral packages to gain access to other networks. Global Wholesale Roaming Market Development According to the latest worldwide market study by Juniper Research, the global number of roaming subscribers will reach 1.1 billion by 2024 -- that's rising from 900 million subscribers in 2020. This represents a growth of 28 percent over the next four years. The new research forecasts that the wholesale roaming model will be crucial to mitigating threats from high data traffic generated by emerging tech