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Showing posts from February, 2021

How Hybrid Working Empowers Digital Business Growth

As more enterprises adopt a 'hybrid work by design' model, we'll witness the rapid evolution of traditional offices and digital workspaces, plus a new and compelling approach to executive leadership that will drive innovation and productivity -- fueling exponential digital business growth. IDC has completed a worldwide market study that contextualizes their 'Future of Work' predictions for 2021. The ongoing transformation of the environment for typical office-based knowledge workers has been one of the hottest topics of discussion among CEOs and their leadership team. With the COVID-19 pandemic significantly impacting every aspect of office work, there is growing interest in developing a holistic strategy that focuses on business technology upgrades, and the culture of organizations, to deliver an enhanced experience that will result in a sustained competitive advantage. Global 'Future of Work' Market Development "Every aspect of 'Future of Work'

Emerging 5G Network Slicing Market will Reach $20B

Enterprise decision-makers are seeking to identify the best deployment models for a trial private cellular wireless network initiative. Many of the CIOs and CTOs at progressive companies and forward-looking public sector agencies are already defining requirements for fifth-generation (5G) infrastructure investments. With 5G deployments proliferating, the importance of network slicing for the enterprise domain is set to grow. According to the latest worldwide market study by ABI Research, the demand for 5G slicing will be propelled primarily by heavy industry verticals. Industrial manufacturing, cellular vehicle-to-everything (C-V2X), and logistics alone will potentially generate cumulative revenues of $12 billion by 2026, representing a significant portion of an overall 5G slicing market that will likely exceed the $20 billion mark. 5G Network Slicing Market Development Much of the upside growth discussion at present focuses on how various industry verticals can alleviate the operation

Cybersecurity Solution Innovation Gains New Momentum

Given the ongoing reports from the SolarWinds Orion breach, most senior executives agree that Information Technology (IT) security must be a priority that includes all enterprise leaders in the decision-making process of ensuring that all assets are fully protected. The big picture : new revelations suggest that the access gained into SolarWinds software was only one part of a broader Russian hacking campaign that impacted other providers. And the initial point of entry, or the ultimate goal, remains unknown. Furthermore, the primary target was stealing intellectual property (IP), instead of customer data. Why is this fact significant? Most public company cyber insurance policies do not cover losses from the theft of intellectual property assets. Therefore, these losses directly impact the firm's shareholders. Cybersecurity Solutions Market Development By 2025, 40 percent of boards of directors will have a dedicated cybersecurity committee overseen by a qualified board member -- t

Digital Wallet Spending will Reach $10 Trillion in 2025

During the last decade, mobile app developers and start-up fintech vendors have offered a variety of innovative digital wallet solutions across global markets. Due in part to the COVID-19 pandemic and the move away from cash-based payments, digital wallet apps have gained rapid new user adoption. Initially, digital wallets centered on providing easy eCommerce payments or consumer person-to-person payments. This early growth enabled large tech companies -- such as Google, Apple, and PayPal -- to launch services and achieve a presence across the online payments and global retail ecosystems. Digital Wallet App Market Development According to the latest worldwide market study by Juniper Research, the total consumer spending via digital wallet apps will exceed $10 trillion in 2025 -- that's up from an estimated $5.5 trillion in 2020. Moreover, the research findings found a dramatic 83 percent growth in digital wallet spending will be fuelled by the heightened adoption of digital payment

Huge Upside for Private Wireless Network Infrastructure

Across the globe, mobile network operators continue to invest in public network infrastructure to support the growing demand for new applications. Moreover, there is an increasing need for purpose-built private cellular networks that enable the deployment of new Internet of Things (IoT) apps. The fourth-generation (4G) long-term evolution (LTE) mobile technology standard and the fifth-generation (5G) standard are the foundation for these new emerging wireless network use cases. Private LTE/5G infrastructure is any 3GPP-based LTE and/or 5G network deployed for a specific enterprise or industrial customer that provides 'dedicated access'. Private Wireless Network Market Development It includes networks that may utilize dedicated -- licensed, unlicensed, or shared -- spectrum, dedicated infrastructure, and private devices embedded with unique subscriber identity module (SIM) chips.  Furthermore, private LTE/5G infrastructure carries traffic native to a specific organization, with

Cloud Artificial Intelligence will Transform Mobile Apps

The ongoing growth of cellular wireless network applications creates new demand for emerging technologies. Fifth-generation (5G) wireless communication includes several network layers that leverage technology such as Open Radio Access Network (Open RAN), network slicing, and cloud edge computing. Within cloud-edges, the broader Artificial Intelligence (AI) industry is witnessing a migration of AI to the edge. According to the latest worldwide market study by ABI Research, the edge AI training and inference market for chipsets is expected to grow from $2.6 billion in 2020 to $10.7 billion in 2025, at a CAGR of 35 percent. Furthermore, new enterprise use cases place new performance, agility, and latency requirements on the network. These, along with the ongoing quest to drive new growth, are compelling the industry to shed human-intensive networks in favor of an intelligence-driven ecosystem. 5G Network Market Development According to the ABI assessment, telecom service providers are alr

Global IT Investment will Recover to $3.9 Trillion in 2021

Any market momentum lost in 2020 for digital transformation initiatives will now be regained in 2021 as large enterprise CEOs, and their board of directors, approve IT spending acceleration. Moreover, in anticipation of a recovery within the Global Networked Economy, savvy leaders are investing in key digital business priorities with the intent to gain a strategic competitive advantage. Worldwide IT spending is projected to total $3.9 trillion in 2021 -- that's an increase of 6.2 percent from 2020, according to the latest market study by Gartner. In contrast, worldwide IT spending declined by 3.2 percent in 2020 as CIOs prioritized spending on technology and services that were deemed mission-critical during the initial stages of the pandemic. Digital Transformation Market Development Gartner says the speed of digital transformation in 2020 to satisfy remote working, remote education, and new social norms presented lockdowns and social distancing measures as double-edged swords. &qu

How the Pandemic Impacts International Mobile Roaming

When you consider all the industries most impacted by the economic disruption in 2020, telecom service providers likely do not come to mind. However, global mobile communications revenue was significantly impacted last year. Moreover, within the United Kingdom, the situation for incumbent mobile service providers will become even more complex and challenging during 2021, and beyond. All because of Brexit. International Mobile Roaming Market Development According to the latest worldwide market study by Juniper Research, the number of international mobile roaming subscribers dropped by 73 percent to 243 million globally in 2020 -- caused by travel restrictions arising from the COVID-19 pandemic. Juniper analysts predict that an improvement in mobile roaming subscriber numbers will take until 2024 to exceed 2019 levels; reaching 918 million by 2024, as the international travel industry embarks on a prolonged recovery from the long-term impacts of the pandemic. The new market study finding