Digital Lifescapes

Across the globe, more leaders seek actionable insight from the customer data they've stored in huge data lakes. Worldwide spending on big data and business analytics (BDA) solutions is forecast to reach $215.7 billion in 2021 -- that's an increase of 10.1 percent over 2020, according to the latest worldwide market study by International Data Corporation (IDC). Moreover, BDA technology investment will likely gain momentum over the next five years as the global economy recovers from the COVID-19 pandemic. The compound annual growth rate (CAGR) for global BDA spending over the 2021-2025 forecast period will be 12.8 percent. Big Data Analytics Market Development "As executives seek solutions to enable better, faster decisions, we're seeing relatively healthy BDA spending across all industries. Leveraging data for insights into everything from internal business operations to the customer journey is top of mind and of strategic importance," said Jessica Goepfert, vice ...

Many senior executives are resolute in their commitment to increasing business technology investments. The C-suite continues to support the strategic projects that CIOs and CTOs are championing within their organization. Cloud and edge computing are still gaining momentum. Spending on the digital transformation (DX) of business practices, products, and organizations will continue at a solid pace despite the challenges presented by the COVID-19 pandemic, according to the latest worldwide market study by International Data Corporation (IDC). Global spending on DX technologies and services is forecast to grow by 10.4 percent in 2020 to $1.3 trillion. While this is slower growth than the 17.9 percent in 2019, it remains one of the few bright spots in a year characterized by dramatic reductions in overall IT spending. Digital Transformation Market Development "COVID-19 has upended the global economy, with direct negative implications on the way businesses invest in IT," sa...

In 2017, we'll discover more about Mixed Reality solutions that combine the best attributes of visual enhancement technologies and associated wearable devices. The rapidly growing AR/VR space continues to be an area for R&D within a number of related tech fields -- including spatial mapping, machine vision, holographics, video distribution and optics. ABI Research has identified several companies that will lead the ongoing shipment of augmented reality (AR) and virtual reality (VR) head-worn devices, which are forecast to reach 37 million units by 2018, at an 83 percent compound annual growth rate (CAGR). Manufacturers in adjacent markets, particularly within the Machine Vision segment, will have the most substantial impact. New companies entering this space will drive overall market development, and help to position Mixed Reality (MR) as a key use case for AR enterprise implementations. Machine Vision Market Development "Machine vision is the driver behind advance...

If you really want an immersive experience, there's nothing better than a 360-degree three-dimensional visual representation of an environment. Innovative forms of visual experiences are going to transform the world as we know it. Can you image that? Soon, you will see. As a variety of new augmented reality (AR) and virtual reality (VR) devices reach the market, ABI Research predicts that business leaders should be prepared for a plethora of new enterprise applications for enhanced video -- as the focus shifts to the corporate and gaming verticals. AR usage in enterprise environments is on the rise, with smart glasses for gaming forecast to grow by 82 percent through 2021 -- VR will see similar crossover into enterprise, with an 88 percent CAGR through the same forecast period. AR/VR Applications Market Development "The promising use cases for AR in enterprise remain the primary drivers for the technology; though, it is worth noting that the consumer AR market opportun...

We now live in a world where a flood of customer data is all around us. Extracting meaning from that data deluge is a strategic imperative for business leaders. Global spending on 'big data' applications by organizations will exceed $31 billion in 2013, according to the latest market study by ABI Research. The spending will grow at a CAGR of 29.6 percent over the next five years, reaching $114 billion in 2018. The latest ABI forecast includes the money spent on internal salaries, professional services, technology services, internal hardware, and internal software. "We estimate that in big data initiatives salaries account for about half of the current spending, with the other half allocated to vendor products and services. What we're now seeing is quite significant overspending on salaries, as organizations turn to data scientists and other specialists in order to leverage big data in the first place," said Aapo Markkanen, Senior analyst at ABI Research . Si...