Digital Lifescapes

The growth in Artificial Intelligence (AI) software could lead to many benefits. As more organizations adopt AI, they may become more efficient, productive, and able to offer improved products and services. The global job market could also expand, with demand growing for roles like AI engineers and technicians. Plus, AI apps could enable breakthroughs in fields like healthcare, transportation, and energy. The worldwide AI software market will grow from $64 billion in 2022 to nearly $251 billion in 2027 at a compound annual growth rate (CAGR) of 31.4 percent, according to the latest market study by International Data Corporation (IDC). AI Software Market Development The forecast for AI-centric software includes Artificial Intelligence Platforms, AI Applications, AI System Infrastructure Software (SIS), and AI Application Development and Deployment (AD&D) software (excluding AI platforms). However, it does not include Generative AI (GenAI) platforms and applications, which IDC recen...

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, ...

When the world was disrupted by a global pandemic during 2020, many CEOs and their board of directors were consumed by reacting to immediate problems. Meanwhile, a few forwarding-thinking enterprise leaders also paused to invest in accelerating their prescient digital transformation agenda. What enables executives to envision an opportunity while others see only challenges? Strategic foresight, and a willingness to embrace the apparent changes that are transforming the legacy status quo. During this period of uncertainty, hyper-automation investment has gained new momentum. Hyperautomation is the application of advanced technologies that augment humans by helping to streamline processes in new ways that are significantly more impactful than the legacy approach. Hyperautomation Market Development The global market for technology that enables hyperautomation will reach $596.6 billion in 2022, according to the latest worldwide market study by Gartner. This is up from $481.6 billion in...

When you think about the applications of big data and analytics, the industrial and manufacturing sector may not be top-of-mind. However, consider that every type of commercial enterprise will become a 'digital business' and it makes sense. Automation and big data analytics will continue to transform key sectors of the global economy. Today's factories run on data. To harness that data, manufacturers are turning to software applications such as Electronic Resource Planning (ERP), Manufacturing Execution Systems (MES), Manufacturing Operations Management (MOM), Product Lifecycle Management (PLM), Inventory Management, and CRM and Demand Planning. Big Data Analytics App Market Development The investment within the industrial and manufacturing sector on these applications is set to grow from $18 billion in 2019 to just over $27 billion in 2024, according to the latest worldwide market study by ABI Research. "Data underpins activities such as onboarding raw mater...

The retail sector has undergone dramatic changes within developed markets, which the Internet of Things (IoT) technology adoption is accelerating. The widespread digitization of the market has given rise to an industry that's very much data- and demand-driven, as opposed to supply- and cash-driven. It's important to understand, when analyzing the use of IoT in retail, that it requires more than a bunch of technologies in isolation. It's a transformation in retailer business processes, enabled by a tailored set of purpose-built systems. Retail IoT Market Development According to the latest market study by Juniper Research, revenues generated by IoT retail platforms will exceed $4.3 billion by 2023 -- that's up from an estimated $890 million in 2018. According to the research findings, challenging retail conditions, exacerbated by strong competition in the retail sector, the rise of eCommerce and spiraling store rental costs are acting like a big motivation for re...

More informed CEOs and their leadership teams are asking the CIO to step-up and take on new bold goals. Meanwhile, evolving senior executive needs for substantive business-led digital transformation projects continue to fuel ongoing opportunities for hybrid cloud infrastructure vendors. Fulfilling these specific Line-of-Business (LOB) requirements is prompting IT organization shifts from traditional, stand-alone data center infrastructure to operationally efficient hyperconverged platforms, according to the latest worldwide market study by Technology Business Research (TBR). In turn, this transition creates a market that will grow at a 60.1 percent CAGR from 2014 to 2019, according to TBR's latest global market forecast. Growing Demand for Efficient IT Infrastructure "The typical customer of hyperconverged platforms requires ongoing infrastructure transformation to improve efficiency of internal processes and management of operations," said Christian Perry, practi...