Digital Lifescapes

As more multinational organizations adopt distributed workforce policies for their employees, CIOs are seeking superior IT and networking solutions that will scale to support fully protected hybrid working models. That includes end-user computing apps that can securely adapt to any device. Gartner reports that enterprise security and risk management spending grew by 6.4 percent in 2020 due to increased demand. Worldwide spending on information security and risk management technology and services is forecast to grow 12.4 percent and reach $150.4 billion in 2021, according to the latest market study by Gartner.  Security & Risk Management Market Development Gartner analysts believe that the strong growth rate reflects continuing demand for remote worker technologies, such as the digital workspace, and public cloud security for SaaS applications. "Organizations continue to grapple with the security and regulatory demands of public cloud and Software as a Service," said Lawre...

The global eCommerce market gained new momentum as the COVID-19 pandemic transformed many legacy business sectors. As an example, conversational commerce enables end-users of smart devices to leverage them for commercial purposes -- including retail transactions and online banking. The ecosystem for conversational commerce has evolved with many communication service providers acting as the primary point of connection between the end-users of these devices and the brands, enterprises, and financial institutions that use them. According to the latest worldwide market study by Juniper Research, the global conversational commerce spend over rich communication services (RCS) messaging will reach $27 billion by 2025 -- that's rising from less than $10 million in 2021. Conversational Commerce Market Development This phenomenal growth will be driven by increasing RCS support from telecom network operators and growing interest from business leaders wishing to capitalize on this emerging eCo...

It's likely that the global COVID-19 pandemic will impact parts of the legacy enterprise networking sector, as fewer employees at the more progressive companies return to a headquarters office campus, branch office, or other traditional workplaces. However, some IT networking sectors continue to grow. Revenues in the enterprise segment of the wireless local area networking (WLAN) market grew at 24.6 percent year-over-year in the first quarter of 2021 (1Q21). In the consumer-class WLAN market, revenues increased 11.7 percent in the quarter, giving the combined enterprise and consumer WLAN markets year-over-year growth of 16.7 percent in 1Q21, according to the latest market study by International Data Corporation (IDC). Wireless LAN Market Development The 24.6 percent growth in the enterprise-class segment of the market builds on a strong end of the year in 2020, with fourth-quarter 2020 revenues increasing 10.3 percent year over year. Combined, two strong quarters in a row indicate ...

The global pandemic has accelerated the adoption of emerging technologies, including edge computing and TinyML. As more CIOs and CTOs seek ways to capture and process data at the edge of their enterprise IT network, the demand has fueled investment for Internet of Things (IoT) applications. According to the latest worldwide market study by ABI Research, the global edge Artificial Intelligence (AI), Software-as-a-Service (SaaS), and turnkey service market will grow at a CAGR of 46 percent between 2020 and 2025 to reach $7.2 billion. This is 25 percent of the global edge AI market, which is estimated to be $28 billion by 2025. The market is comprised of edge AI chipsets, SaaS, and turnkey services, as well as professional services. As the benefits of edge AI becomes more obvious, enterprises are searching for edge AI solutions that offer low latency and are fully secured to assist them with data-based analysis or decision-making. Edge Artificial Intelligence Market Development "The ...

Today, it's challenging to be in an organization led by a CEO with a custodian mindset. They may reflect back on their legacy of serving longtime customers, even when they're losing customers at an alarming rate. Meanwhile, carefully chosen loyal lieutenants defend their static corporate culture and smile reassuringly. However, there are agile large multinational companies with leaders that reject the status quo. These are the leading organizations that will pursue digital growth in 2021 and beyond. They willingly embrace change.  More savvy CEOs anticipate an economic boom (60 percent) in 2021 and 2022, according to the latest worldwide survey of CEOs and senior executives by Gartner. Digital Business Market Development "CEOs’ top priorities for 2021 show confidence," said Mark Raskino, vice president at Gartner . Over half report 'growth' as their primary focus and see opportunity on the other side of the crisis, followed by 'technology change' and ...

The way shoppers pay for products has evolved due to the rise of eCommerce during the pandemic. Online retail transactions have grown rapidly, and in many parts of the world, in-person cash transactions are now a smaller percentage of retail payments. These changes have a significant implication for retail point-of-sale (POS) terminal vendors, as consumers choose to shop less at local in-store retailers and more online, or the vendor may lack the functional capabilities to process contactless payments. The evolution of payment interactions has driven an in-store retailer transformation. With COVID-19 pandemic-related government control measures and the ongoing public wariness in many nations, non-contact forms of payment are becoming even more popular. POS Terminal Market Development According to the latest worldwide market study by Juniper Research , the total value of transactions processed by POS terminals will exceed $17.3 trillion in 2026 -- that's up from $14.8 trillion in 20...

The large enterprise quest to shift more IT workloads to hyperscale cloud service providers was pursued with the expectation of streamlining business processes for new digital transformation projects. While there are benefits to adopting public cloud services, there remain inherent IT management complexities. The global public cloud services market includes a broad mix of Infrastructure as a Service (IaaS), System Infrastructure Software as a Service (SISaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), which grew by 24.1 percent year-over-year in 2020 with revenues totaling $312 billion, according to the latest worldwide market study by International Data Corporation (IDC). Spending continued to consolidate in 2020 with the combined revenue of the top 5 public cloud service providers capturing ~38 percent of the worldwide total, and it's growing 32 percent year-over-year. Due to an expanding portfolio of SaaS and SISaaS offerings, Microsoft now shares the top p...

As demand for broadband internet access increases, many providers focus on infrastructure upgrades. Deployment of technology solutions that support a better broadband user experience is becoming critical for tier-one telecom network service providers to achieve revenue growth. Smart Wi-Fi and Fixed Wireless Access (FWA) are becoming among the key solutions to enhance existing broadband services and support fiber-like broadband in underserved markets without installing last-mile fiber connectivity. According to the latest worldwide market study by ABI Research, smart Wi-Fi and FWA deployments will drive Wi-Fi mesh and 5G FWA Consumer Premise Equipment (CPE) unit shipments to reach 40.6 million and 14.6 million units respectively in 2025. Wireless Internet Access Market Development Despite the network operators’ efforts to provide higher-speed broadband services, investment in infrastructure upgrades alone is no longer enough for a better user experience. As the number of connected devic...