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Showing posts from June, 2021

How Edge Computing and AI Applications Drive IoT

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

CEOs Examine Blockchain, 5G, AI, and Quantum Computing

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 &

How the Global Pandemic Impacted Retail Transactions

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

Why Public Cloud Fragmentation Adds Complexity

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

Work from Home: Broadband Service Provider Upside

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