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Showing posts from December, 2020

Why Industrial Markets Lead 5G Private Network Growth

Commercial wireless communications have evolved rapidly over the last decade. Also, private cellular connectivity differs between enterprise verticals. Exploring the various applications and industry use cases provides an important indication of where infrastructure deployment will occur next. With fifth-generation (5G) wireless technology maturing, the importance of private networking solutions for the enterprise domain will continue to grow. Looking ahead, the growing demand for private network deployments will be driven primarily by heavy industry verticals. Industrial manufacturing, energy production (including mining, oil and gas, and logistics) alone will generate private network revenues of $32.38 billion by 2030, representing half of the $64 Billion overall private network revenues, according to the latest worldwide market study by ABI Research. Private 5G Network Market Development "These findings show the importance of private networks, particularly for automating missio...

How to Enable a Global Hybrid Workforce Transformation

CEOs agree, enabling 'remote working' options for their highly skilled talent is now essential to their digital growth goals. For many CHROs, supporting remote work is routine. HR leaders must cater to parts of their workforce that drive key growth initiatives, and deliver new human resource policies that are most beneficial. A survey of HR leaders has revealed that 90 percent of respondents plan to allow employees to work remotely at least part of the time, even after the COVID-19 pandemic vaccine is widely adopted. Furthermore, 65 percent of respondents reported that their organization will continue to offer employees flexibility on when and where they choose to work. That's a 'talent retention' imperative for 2021. Hybrid Work Infrastructure Market Development As the global distribution of various COVID-19 vaccines begin, HR leaders who responded to a recent Gartner survey predict that about 50 percent of their workforce may want to return to the workplace – at l...

Secure Digital Identity Services Gain New Momentum

The concept of a 'digital identity' is now established as a high priority, in an online world that's plagued with cybercriminals and others that profit from fraudulent activities. That said, digital identity is less about presenting a digital persona, and more about sharing verified identifiable data. A digital version of ‘you’ does have a place in the commercial ecosystems being built today. With the versatility inherent in many modern digital identity systems, life events and portable identities take on new meaning. Besides, there's a significant market opportunity for telecom service providers. According to the latest worldwide market study by Juniper Research, mobile network operator (MNO) revenue from digital identity will reach $8.1 billion in 2025 -- that's up from just $1.3 billion in 2020. Secure Digital Identity Market Development Juniper analysts found that, as the online identity space evolves, MNOs will play an increasingly important role in providing v...

Whole Cloud Computing Revenue will Reach $1 Trillion

Many organizations across the globe have considered ways to optimize and contain their information technology (IT) investments, due to the current economic environment. However, the COVID-19 pandemic has actually proven to be an accelerator of cloud services adoption, driving the quest for greater results from digital business transformation projects. Total worldwide spending on cloud computing -- the hardware and software components underpinning cloud services, and the professional and managed services opportunities around cloud -- will surpass $1 trillion in 2024 while sustaining a double-digit compound annual growth rate (CAGR) of 15.7 percent, according to the latest market study by International Data Corporation (IDC). Whole Cloud Computing Market Development "Cloud in all its permutations – hardware/software/services/ 'everything-as-a-service', as well as public cloud, private cloud, hybrid cloud, multi-cloud and edge computing – will play ever greater, and even domi...

Telecom Cloud Revisited: 5G Core and Edge Networks

Incumbent telecom service providers are consumed by the ongoing quest for substantive new revenue opportunities, beyond the delivery of internet access via wired and wireless broadband infrastructure. The leaders have long held the belief that value-added offerings were the key to sustainable growth. Once again, that quest has led them to explore potential upside opportunities within the cloud computing arena. Global telco cloud computing revenue is now forecast to reach $29.3 billion by 2025, up from $8.7 billion in 2020, at a 5-year Compound Annual Growth Rate (CAGR) of 27 percent. That ongoing growth will be driven primarily by cloud infrastructure-related investments, such as Virtual Network Functions (VNFs), Management and Network Orchestration (MANO), and Cloud-Native Functions (CNFs). Telco Cloud Computing Market Development By 2025, the telco cloud computing market will be worth $10 billion in North America, $9 billion in Asia-Pacific (APAC), and $8.2 billion in Europe, accordi...

Ongoing Migration of Enterprise Software to the Cloud

The traditional enterprise software landscape has evolved significantly over the last decade. CTOs and line of business leaders look to online service offerings that deliver functionality via a usage-based pricing model. It's often the fastest path to demo application software and determine user acceptance. Furthermore, while new agile software development methodologies have replaced legacy waterfall approaches that were common during the mainframe and client-server computing era, today's app developers seek on-demand IT infrastructure solutions that they can easily provision and deploy themselves. Worldwide end-user spending on public cloud services is forecast to grow 18.4 percent in 2021 to total $304.9 billion -- that's up from $257.5 billion in 2020, according to the latest market study by Gartner. Public Cloud End-User Market Development "The pandemic validated cloud’s value proposition," said Sid Nag, vice president at Gartner . "The ability to use on-...

Global eCommerce Revenue will Reach $4.4 Trillion

More CEOs in the wholesale and retail sectors have accelerated the adoption of digital business models. As a result, it's now relatively easy for anyone to seek out the best product deals online or on their mobile devices, and purchase whatever they need via eCommerce platforms. This transition has forced many traditional wholesalers and retailers to shift their strategies and increase their digital presence and product availability, with the COVID-19 pandemic bringing the fortunes of those lagging behind into sharp focus. In particular, both traditional and online retailers are under immense pressure to offer improved shopping experiences and to meet growing consumer demand for omnichannel digital payments, while also adhering to evolving financial services sector regulatory requirements. Global eCommerce Market Development That said, the line between physical and digital commerce is becoming increasingly blurred. According to the latest worldwide market study by Juniper Research,...

Why China Leads Global Cloud IT Infrastructure Growth

As more CEOs of forward-looking organizations accelerate their digital business growth agenda, the adoption of cloud computing continues to gain momentum as savvy CIOs and CTOs seek the most effective ways to support the demand for just-in-time IT computing and storage resources.  Vendor revenue from sales of IT infrastructure products for cloud environments -- including public and private cloud -- increased 34.4 percent year-over-year in the second quarter of 2020 (2Q20). Meanwhile, investments in traditional, non-cloud, IT infrastructure declined by 8.7 percent year-over-year in 2Q20, according to the latest worldwide market study by International Data Corporation ( IDC ). These growth rates show the market response to major adjustments in business, educational, and societal activities caused by the COVID-19 pandemic and the role IT infrastructure plays in these ongoing adjustments. Cloud IT Infrastructure Market Development Across the globe, there were massive shifts reported to...