Digital Lifescapes

The global manufacturing sector stands at the cusp of a significant information technology (IT) transformation. The sector is experiencing a data explosion, driven by the use of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), and Generative AI (GenAI). These intelligent systems process huge volumes of data, presenting challenges and opportunities for manufacturer CIOs worldwide. AI Cloud Data Market Development Many manufacturers need help implementing AI and GenAI solutions due to data availability and quality. This gap between data generation and effective utilization represents a strategic opportunity for cloud data management providers to offer differentiated solutions. According to ABI Research , the manufacturing data management market is forecast to create $225 billion in opportunities globally. This figure underscores the importance of data management in modern manufacturing and highlights the potential for substantial growth. As manufacturer...

The Global Networked Economy -- a term synonymous with the interconnectedness of businesses, individuals, and governments worldwide -- has undergone a remarkable transformation in 2023. Fueled by the rapid growth of digital technologies and the global internet, this phenomenon has given rise to a worldwide marketplace that has already revolutionized the way we live, work, and play. The impact of Generative Artificial Intelligence (GenAI) in 2024 will be equally disruptive to many traditional business leaders. GenAI will also create huge opportunities for the fearless pioneers. Global Networked Economy Market Development The Global Networked Economy's evolution traces back to the advent of the Public Internet. The introduction of eCommerce, social media, and cloud computing has been instrumental in reshaping how businesses operate and engage with their customers. This interconnected ecosystem empowers savvy leaders to access new markets, trim operational costs, enhance commercial e...

The demand for smart traffic management systems has grown due to rising urban populations and increasing vehicle ownership. With more people and cars concentrated in cities, problems like traffic congestion, air pollution, and greenhouse gas emissions are pressing issues. Since the early 2000s, government leaders have been exploring ways to leverage advances in IoT connectivity, sensors, artificial intelligence (AI), and data analytics to address these transportation challenges. The concept of a Smart City emerged in the 2010s, with smart mobility and intelligent traffic management as key components.  Smart Traffic Management Market Development Concerns about continued climate change, as well as cost savings from improved traffic flow, have further motivated local government investment in these advanced systems. According to the latest worldwide market study by Juniper Research, they found that by 2028, smart traffic management investment will be up by 75 percent from a 2023 figure...

Real-Time Location Systems (RTLS) are underutilized in many factories, warehouses, hospitals, and smart offices. Moreover, the typical systems offered by IT solution providers leverage standalone software deployments with proprietary hardware. However, IT hardware costs will drop as more customers abandon proprietary systems to reduce vendor lock-in, increase application interoperability, and reduce the initial deployment costs, according to the latest market study by ABI Research. As a result, the sector will diversify and complement hardware sales by monetizing deployments through service models augmented by additional software features -- such as analytics and device management. Real-Time Location Systems Market Development According to the latest ABI Research market forecast, RTLS service revenue will be worth $3.7 billion in 2022 and will rise to $24.9 billion by 2030, at a compounded annual growth rate (CAGR) of 26.8 percent. "As RTLS hardware, such as tags and anchors, beco...

More forward-thinking CIOs and CTOs are focused on the adoption of the Internet of Things (IoT). Management challenges are top of mind for those who have already deployed a large number of sensors and associated network edge devices. Device management services are evolving in response to a greater breadth of new device technologies such as edge intelligence and related connectivity solutions, as well as the customer scalability and security of IoT deployments. But forward-looking suppliers are also preparing for a world where 41.3 percent of the connected devices will be using some form of Low Power Wide Area (LPWA) technologies by 2026. IoT Device Management Market Development Since IoT customers increasingly need to manage a larger fleet of connected devices, ABI Research now forecasts that IoT device management services will exceed $36.8 billion in revenues by 2026. Standardization is beginning to play a bigger role in device management services, as more connected devices use LPWA t...

Many organizations that have already considered applications for the Internet of Things (IoT) will eventually explore the related device security issues. So, what's the evolution of the IoT hardware security value chain, and which emerging technologies are gaining momentum? By 2026, IoT connections will exceed 23 billion across all major IoT markets. Almost all those connections will be faced with incessant and constantly evolving cyber threats, forcing implementers and IoT vendors to embrace new digital security options to protect managed fleets and connected assets. IoT Security Market Development Secure device authentication currently stands among the top-tier investment priorities for key IoT markets. According to the latest worldwide market study by ABI Research, hardware-focused IoT authentication services will reach $8.4 billion in revenues by 2026. "There are several key technologies revolving around authentication security that currently transform the IoT de...

Smart city projects will gain new momentum in 2020 as more municipal government leaders adopt new technologies, such as the Internet of Things (IoT) and Machine to Machine (M2M) communications. Street lighting is the area where adoption is noteworthy. According to the latest worldwide market study by Berg Insight, the installed base of smart street lights was 10.4 million worldwide at the end of 2018. Growing at a compound annual growth rate (CAGR) of 24.5 percent, the installed base will reach 31.2 million in 2023. Smart City Market Development Global market leadership continues to evolve as new projects are launched. Europe is the leading smart street lighting market accounting for nearly 40 percent of the installed base. Characterized by a higher degree of utility ownership of street lighting assets, the North American market has seen a more scattered uptake of smart street lighting but is nevertheless home to several of the world’s largest deployments. North America acc...

Why are savvy CIOs and CTOs so focused on Hybrid IT infrastructure solutions? More enterprises are moving to hybrid and multi-cloud environments. According to the latest worldwide market study by 451 Research, the cloud services market will reach $53.3 billion in 2021, that up from $28.1 billion this year. The latest global survey found that cloud service adoption is now mainstream, with 90 percent of organizations surveyed using some type of cloud service. Moreover, analysts expect 60 percent of workloads to be running in some form of hosted cloud service by 2019 -- that's up from 45 percent today. Cloud Services Market Development This represents an ongoing pivot from DIY owned and operated on-premises IT, to a combination that includes cloud or hosted third-party IT services. 451 Research finds that the future of IT is multi-cloud and hybrid with 69 percent of survey respondents planning to have some type of diverse environment by 2019. That being said, the growth in mul...

Chief Information Security Officers (CISOs) have updated their IT security plans for 2017, due to ongoing concerns about new threats. Worldwide, IT organizations currently spend an average of 5.6 percent of their IT budget on IT security, according to the latest market study by Gartner. However, the study uncovered that security spending can range from 1 to 13 percent of an organization's overall IT budget. "Clients want to know if what they are spending on information security is equivalent to others in their industry, geography and size of business in order to evaluate whether they are practicing due diligence in security and related programs," said Rob McMillan, research director at Gartner . That said, Gartner analysts believe that comparisons with industry averages are of limited value. CISOs could be spending at the same level as the peer group, yet be spending on the wrong things and are therefore vulnerable. IT Security Market Development According to th...

Today, there's growing concern about market disruptions. Savvy CEOs want to be certain they have a sustainable business model that's enabled by the best digital technologies. Are you ready for the next wave of Internet-enabled innovation? Gartner has compiled a list of essential Internet of Things (IoT) technologies that should be on every organization's radar through the next two years, and beyond. "The IoT demands an extensive range of new technologies and skills that many organizations have yet to master," said Nick Jones, vice president at Gartner . "In many technology areas, lack of skills will also pose significant challenges." The technologies and principles of IoT will have a very broad impact on many organizations, affecting business strategy, risk management and a wide range of technical talent areas such as architecture and network design. According to Gartner's assessment, the Top 10 IoT Technologies for 2017 and 2018 are: IoT Secur...

Hybrid IT is the result of combining internal and external services -- usually from a combination of on-promise data center and public cloud computing resources. But what are the perceived benefits of hybrid IT? What does the hybrid IT market look like today? Here's recent research findings that offer answers to these questions. According to the latest market study by Technology Business Research (TBR), the need for better collaboration across traditional IT organizations and their Line of Business (LoB) internal customers -- for resource allocation decision making -- is primarily driving hybridization. Besides, there's growing demand for an open cloud infrastructure management solution that provides total visibility and control over all cloud computing assets, without the unwanted limitations of the traditional legacy proprietary IT vendors. TBR estimates the hybrid cloud integration market will generate $8 billion during 2015, with 14 percent year-to-year growth rate, ...