Digital Lifescapes

Digital identity verification is a security method applied in the processing of digital transactions. Digital identity verification is used to enable the remote verification of an individual’s identity, ensuring that they are who they claim to be online. This is most often used for digital onboarding customers onto an online service, but can also be used to verify identity when authorizing Fintech money transfers, or for access management. With the growing threats and increasingly complex fraud methods used by malicious actors, it is vital that institutions that handle sensitive data use up-to-date methods to protect their end-users. Digital Identity Market Development Many digital identity verification vendors offer solutions that increase the accuracy, security, and user experience of the digital onboarding process, and of other digital identity verification use cases. It's important that due to the variety of digital business use cases, other secure forms of identity verificatio...

Business technology investment continues to fuel new digital business growth. For example, the transformative role of Generative Artificial Intelligence (GenAI) within IT operations (ITOps) across the Asia-Pacific region. Almost half (43 percent) of organizations surveyed are currently exploring potential GenAI use cases, with 55 percent of financial organizations and telecom firms investing in GenAI technology in 2023, according to the latest market study by IDC. With the digital-first mindset gaining momentum, leaders are seeking innovative solutions to enhance operations. GenAI stands out as a pivotal technology, offering the means to mitigate risks, boost efficiency, and improve overall productivity. Generative AI Market Development Generative AI is gaining popularity in Information Technology (IT) operations and IT service management, particularly in cost-sensitive Asia-Pacific environments. This technology offers automation of ITOps tasks, reducing operational costs and optimizi...

The evolution of mobile networks has witnessed a shift with the advent of Open RAN (Radio Access Network) solutions. Historically, traditional network architectures were characterized by proprietary, monolithic systems, and limiting flexibility. Open RAN represents a paradigm shift in the mobile sector with an extended and disaggregated approach to network infrastructure. The concept gained momentum as a response to the desire for greater interoperability, vendor diversity, and cost efficiency. This approach enables the decoupling of hardware and software components. Open RAN enables the deployment of adaptable systems that can keep pace with the advancements in wireless technology. Open RAN Market Development  Emerging Artificial Intelligence (AI) and Machine Learning (ML) innovations in Open RAN Massive MIMO (mMIMO) solutions will play a pivotal role in improving performance to match that of traditional RAN mMIMO, according to the latest worldwide market study by ABI Research. Wh...

The introduction of Artificial intelligence (AI), and the emergence of Generative AI   (GenAI), are now resulting in two key focus areas for Chief Information Officers (CIOs) and their IT leadership team. "GenAI is not just a technology or just a business trend. It is a profound shift in how humans and machines interact," said Mary Mesaglio, VP Analyst at Gartner . "We are moving from what machines can do for us to what machines can be for us." AI platforms are evolving rapidly from being our tools to becoming our teammates. Gartner predicts that by 2025, GenAI will be a workforce partner for 90 percent of companies worldwide. CIO Leadership Market Development CIOs have a major role in how they shape AI and how AI shapes us. According to recent Gartner surveys of CEOs, enterprise CIOs are their number one choice to unlock the value of GenAI tools. In fact, CIOs and IT executives will prioritize two areas to unleash the possibility of AI over the next 12-24 months – ...

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...

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...

In an evolving era of rapid advancement, market demand for innovative technology in the industrial and manufacturing sectors is skyrocketing. Leaders are recognizing the immense potential of digital transformation and are driving initiatives to integrate technologies into their business operations.  These initiatives aim to enhance efficiency, reduce costs, and ultimately drive growth and competitiveness in an increasingly digital business upward trajectory. The industrial and manufacturing sectors have been the backbone of the Global Networked Economy, contributing $16 trillion in value in 2021. Industrial and Manufacturing Tech Market Development   This growth represents a 20 percent increase from 2020, highlighting the resilience and adaptability of these sectors in the face of unprecedented challenges, according to the latest worldwide market study by ABI Research . The five largest manufacturing verticals -- automotive, computer and electronic, primary metal, food, and ma...

In hindsight, the outcome of short-sighted CEO Return to Office (RTO) mandates was somewhat predictable. Less than one-third of employees now report they are engaged, enthusiastic, and energized by their work, according to the latest market study by Gartner. This research was showcased during their recent "ReimagineHR Conference" event. Gartner defines engagement in three ways: Employees feeling energized. Employees find purpose in their work. Employees feel empowered to do valuable work. The problem: many are not engaged. Employee Engagement Crisis Explained "Despite organizations making investments in engaging their employees, our research shows that almost 70 percent don’t feel as engaged as they should be and aren't feeling a meaningful connection to their job," said Keyia Burton, senior principal analyst at Gartner . Figuring out how to actually impact employee engagement is a huge priority because it has a significant impact on several key business outcome...

The quest for digital transformation is bringing both enormous opportunities and challenges for industrial organizations. As more processes embrace connectivity through initiatives like Industry 4.0, they are also being exposed to growing cybersecurity threats. This is prompting executives and industrial stakeholders across manufacturing, energy, mining, utilities, and other business sectors to re-evaluate how they secure critical infrastructure operations.  According to the latest worldwide study by Juniper Research, the market for industrial endpoint cybersecurity solutions is poised for massive growth in the coming years. Endpoint Cybersecurity Market Development Endpoint security refers to the processes used to monitor, manage and secure the various connected devices like PLCs, HMIs, engineering workstations, and more found within industrial facilities. Juniper analysts forecast that 210 million industrial endpoints will be utilizing endpoint cybersecurity services by 2028. Thi...

Enterprise leaders will have invested nearly $16 billion worldwide in Generative AI (GenAI) solutions in 2023, according to the latest market study by International Data Corporation (IDC). This spending, which includes GenAI software as well as related infrastructure hardware and IT or business services, is expected to reach $143 billion in 2027 with a compound annual growth rate (CAGR) of 73.3 percent over the 2023-2027 forecast period. Note that this is more than twice the rate of growth in overall current AI investment, and almost 13 times greater than the CAGR for worldwide IT spending over the same period. Generative AI Market Development "Generative AI is more than a fleeting trend or mere hype. It is a transformative technology with far-reaching implications and business impact," said Ritu Jyoti, group vice president at IDC . With ethical and responsible implementation, GenAI solutions are poised to reshape industries -- changing the way we work, play, and interact wit...

As a senior executive, have you considered how the rapidly evolving blockchain and distributed ledger technologies could revolutionize your organization's operations and competitive standing in the Global Networked Economy? Across the globe, the enterprise demand for blockchain applications is on the rise, driven by the need for operational efficiencies, transparency, and security in business transactions. As organizations grapple with the challenges of digital transformation initiatives, blockchain technology offers a promising solution to streamline processes, reduce fraud, and enhance customer trust. Blockchain Market Development Despite the prior volatility and hype cycles associated with blockchain use cases, its potential to revolutionize industries from finance to supply chain cannot be understated. According to the latest worldwide market study by ABI Research , the blockchain and distributed ledger technology (DLT) market is expected to reach a value of $25 billion by 2027...

The advent of artificial intelligence (AI) has ushered in a new frontier of innovation, with Generative AI (GenAI) at the forefront. At the brink of this revolution, it's crucial to understand the current GenAI adoption and its implications for commerce worldwide. A recent poll conducted by Gartner provides valuable insights into this emerging trend and the potential upside opportunities. Generative AI Market Development The poll, which included 1,419 executive leaders, indicates a significant shift in the corporate world's perception and adoption of GenAI. The data reveals that 45 percent of respondents are currently piloting GenAI, while another 10 percent have put it into production. This is a substantial increase from a similar poll conducted in March and April 2023, where only 15 percent were piloting and 4 percent were in production. GenAI is no longer a mere buzzword; it has become a strategic focus for organizations worldwide. As Frances Karamouzis, VP Analyst at Gartne...

The total number of roaming connections is anticipated to grow 350 percent over the next five years, with the growing presence of 5G and IoT roaming devices being major driving factors. According to the latest worldwide market study by Juniper Research , growth in global roaming clearing revenues will reach $2.5 billion in 2024. This 30 percent increase will be driven by the rise in 5G roaming connections as mobile service providers continue 5G network expansion. 5G Roaming Market Development For network operators and clearing houses to capitalize on this opportunity, Juniper says they must focus on implementing new technologies and new growth strategies. A major trend is the growth in Internet of Things (IoT) roaming devices, anticipated to reach 595 million globally by 2028. While this brings opportunities, mobile operators see limited revenue per Low Power Wide Area (LPWA) connection. Clearing houses can help by providing highly scalable cloud-based services to handle increasing dat...

Demand and spending on Artificial Intelligence (AI) ) within the Asia-Pacific region will grow to reach $78.4 billion in 2027, according to the latest market study by International Data Corporation (IDC). The increase in AI spending reflects a shift toward leveraging technology to transform operations, improve customer experiences, and maintain a competitive edge in a rapidly changing market. IDC forecasts a compound annual growth rate (CAGR) of 25.5 percent for the period 2022-2027. Artificial Intelligence Market Development With a market share of 28.5 percent in 2023, the Professional Services industry is the primary leader in AI application adoption, growing at a CAGR of 22.4 percent during the forecast period. AI investment in professional services is on AI infrastructure provisioning, where end-users gain access to the resources for computing and storage, and for AI system development or the provision of AI services. In the banking industry, AI is revolutionizing customer experien...

Government decarbonization targets are specific goals set to significantly reduce or eliminate carbon dioxide and other greenhouse gas emissions. These targets are a critical component of global efforts to combat current climate change risks. Governments establish these goals to mitigate the adverse effects of climate change by promoting the adoption of renewable energy sources, enhancing energy efficiency, and sustainable transportation. These targets typically involve setting a timeline with measurable milestones to track progress and ensure accountability toward a cleaner, healthier planet for future generations. Electric Vehicle Market Development With the growing government decarbonization targets, Electric Vehicle (EV) production will increase rapidly this decade. New EV adoption will require a corresponding growth in EV battery output. According to the latest worldwide market study by ABI Research, global EV battery output production will increase nearly six times to 2,585 GWh b...

When B2B buyers consider a purchase they spend just 17 percent of that time meeting with vendors. When they are comparing multiple suppliers‚ time spent with any one salesperson is 5 or 6 percent. Self-directed B2B buyer online research has already changed procurement. IT vendors are less likely to be involved in solution assessment. Now, more disruptive changes are on the horizon. By 2028, 60 percent of B2B seller work will be executed through conversational user interfaces via Generative Artificial Intelligence sales technologies -- that's up from less than 5 percent in 2023, according to Gartner. Generative AI Market Development "Sales operations leaders and their technology teams must prepare for the convergence of new forms of artificial intelligence, dynamic process automation, and reinvented deal-planning activities that will transform the sales function," said Adnan Zijadic, director analyst at Gartner . According to the Gartner assessment, Generative AI (GenAI) ...

Unlike traditional mobile communication ecosystems, an emerging market will be defined by the entrance of a new category of service providers, satellite vendors. These vendors will work with telecom network operators to deploy Non-Terrestrial Networks (NTNs) that are utilized alongside terrestrial networks. They are a joint development between terrestrial network operators and satellite vendors. In the future, NTNs will integrate directly with satellite-based networks to provide combined connectivity services. 5G Satellite Network Market Development According to the latest worldwide market study by Juniper Research, network operators will generate $17 billion of additional revenue from Third-generation Partnership Project (3GPP) compliant 5G satellite networks between 2024 and 2030. Juniper has urged terrestrial network operators to sign partnerships with Satellite Network Operators (SNOs) which will enable operators to launch monetizable satellite-based 5G services to their subscriber...

Generative AI (GenAI) has captured the imagination of business leaders and IT decision-makers around the world, and many are seeking information and guidance as they begin their journey. Artificial Intelligence (AI) spending in Europe will reach $34.2 billion in 2023 -- that's 20.6 percent of the worldwide AI market, according to the latest global study by International Data Corporation (IDC). AI investment in Europe will post a 29.6 percent compound annual growth rate (CAGR) between 2022 and 2027, slightly higher than the worldwide CAGR of 26.9 percent for the same period, with spending expected to exceed $96.1 billion in 2027. Enterprise AI Market Development Enterprise AI solutions are becoming increasingly widespread, driven by operational efficiency and IT operational optimization needs, as well as to provide improved customer experiences. IDC identified augmented threat intelligence and prevention systems, together with augmented fraud analysis and investigation, as prevalen...

The demand for high-performance connectivity is reaching new highs in the 5G wireless era. Annual data traffic from the top 30 countries is forecast to grow from almost 1,100 exabytes in 2022 to over 4,000 exabytes in 2027 -- with 5G making up ~60 percent of total data traffic in 2027. Based on the higher data throughput and lower latency required by 5G networks, backhaul or transport solutions must also adapt to meet the increased requirements needed by advanced cellular technology. While fiber-optic links remain a preferred choice for 5G network backhaul, microwave technology is still seen as a key component in many 5G networks due to its lower deployment costs and ability to be deployed in areas where fiber deployment is difficult. Wireless Backhaul Market Development Additionally, wireless backhaul deployments can also be used to complement fiber backhaul deployments by providing increased resiliency. According to the latest worldwide market study by ABI Research, the total number ...