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Showing posts from October, 2022

South Korea and China Lead 5G Network Growth

The fifth-generation (5G) wireless cellular technologies are being deployed by mobile network operators. 5G is enabling use cases in business sectors such as healthcare, automotive industries, smart cities, and mobile broadband. Juniper Research anticipates that over 64 percent of global 5G connections will be in the Far East and China. This is due to the early launches in South Korea by all Tier-1 network operators, which were followed by significant launches of commercial 5G networks in China.  5G-based Wireless Market Development According to the latest worldwide market study by Juniper Research, mobile network operator‑billed 5G service revenue will reach $315 billion in 2023 -- that's rising from $195 billion in 2022. This represents growth of over 60 percent in a single year. The study findings predict this increase in revenue will be driven by the accelerating migration of cellular subscriptions to 5G networks. This is due to network operator strategies that minimize or remo

Why ePharmacy Customers will Reach 1 Billion

Healthcare, and closely related pharmacy services, are due for disruption. Online pharmacies can deliver pharmaceuticals direct to customers, potentially changing the way they compare prices. These patients can now order their medications from registered pharmacists via the Internet. Patients can simply upload a copy of their prescriptions. Each medication request is controlled by registered pharmacists who direct them to the pharmacy warehouse in the region of the patient. Patients can access an ePharmacy through a software app, or through a website. Each ePharmacy will provide a variety of different services -- including online consultations, repeat prescriptions, lab tests, and over-the-counter (OTC) medication. Global ePharmacy Market Development According to the latest worldwide market study by Juniper Research, the number of ePharmacy users will reach 1 billion globally by 2027 -- that's increasing from 795 million in 2022, a growth of 28 percent. This increase is partly due

Asia-Pacific Public Cloud Revenue will Reach $165.2B

Cloud computing adoption continues to gain momentum across the globe. The public cloud services (PCS) market in Asia-Pacific (excluding Japan) will reach $165.2 billion in 2026, according to the latest market study by International Data Corporation (IDC). IDC expects the Asia-Pacific market to grow at a higher year-over-year (YoY) rate in 2022 at 31.4 percent, in comparison to 30 percent in 2021, as cloud migration continues to accelerate. However, IDC expects the YoY growth rates to slow down beginning from 2023 with a YoY growth of 28.3 percent to 22.4 percent in 2026. Asia-Pacific Cloud Services Market Development "Majority of organizations have pivoted rapidly toward a digital-centric modus operandi to adapt to new ways of operating, working, and selling products and services amid various disruptions," said Estelle Quek, senior research manager at IDC . These organizations demand better business outcomes from their adoption of digital technologies to increase efficiency,

How Metaverse Revenue will Reach $60 Billion

While the consumer metaverse growth potential has attracted much of the media attention, it's the commercial apps growth trajectory that has gained the focus of savvy IT vendors. The enterprise metaverse opportunity  -- including immersive collaboration, digital twin, and simulation software and services revenue -- will approach $60 billion in revenue by 2030. Additional revenue from the augmented and virtual reality market would add billions in new growth for software and services. Enterprise Metaverse Market Development "The metaverse, being a long-term vision, means the buildup to this future is just as intriguing as the final product, and in this regard, it is the enterprise markets that are leading ahead of the consumer segment," said Michael Inouye, principal analyst at ABI Research . For example, efforts on the standardization front are being driven through the enterprise space. The Digital Twin Consortium directly targets industrial, while the Metaverse Standards

The CFO Playbook for Customer Care Innovation

Recent global economic trends may motivate some leadership teams to make across-the-board cuts to their operations. However, the savviest executives will selectively optimize their operating budget to sustain strategic imperatives. Just 7 percent of Chief Finacial Officers (CFOs) plan to decrease customer service spending over the next 12 months, according to the latest market study by Gartner. Moreover, 21 percent plan to increase customer spending, and 72 percent plan to maintain spending. "In response to inflation, supply chain disruptions, and a tight labor market, CFOs will make trade-offs in spending that affect customer service and support (CSS) leaders," said Sarah Dibble, Director at Gartner . CSS Business Technology Market Development Their essential function is not a top priority for cost-cutting, compared to commercial real estate expenses or facility management and finance, which are most likely to face budget cuts next year.  Nearly all CFOs will prioritize digi

Mobility‑as‑a‑Service Savings will Reach $10.8 Billion

Mobility as a Service (MaaS) is a rapidly growing transportation offering where people are able to plan, book, and pay for a variety of service types, through a joint digital commerce channel. It is a shift away from expensive personally owned modes of transportation, such as automobiles, towards a low-cost subscription or pay-as-you-go services. It is achieved through the combination of public transport -- such as trains and buses -- as well as private transport, and micro-mobility, including bikes and scooters, to get users from one destination to another. Mobility as a Service Market Development Mobility as a Service users are able to pay for the service provided either on a monthly basis or pay per trip. According to the latest worldwide market study by Juniper Research, Mobility as a Service will generate fuel cost savings of $10.8 billion by 2027 globally -- that's increasing from $2.8 billion in 2022, a growth of 282 percent. Juniper Research anticipates these savings will b

AI Applications Professional Services Upside

Business technology innovation offers solutions to many of today's challenges. It's a catalyst for fast-tracking digital transformation, enabling cost savings during a period of high inflation, and enabling workflow automation during IT talent shortages. Worldwide revenues for the artificial intelligence (AI) market -- including software, hardware, and services -- totaled $383.3 billion in 2021, that's an increase of 20.7 percent over the prior year, according to the latest market study by International Data Corporation (IDC). IDC now forecasts that the AI market value will reach nearly $450 billion in 2022, and maintain a year-over-year growth rate in the high teens throughout their five-year forecast period. Artificial Intelligence Market Development "Across all industries and functions, end-user organizations are discovering the benefits of AI technologies, as increasingly powerful AI solutions are enabling better decision-making and higher productivity," said