Analysis

Government Tech Purchase Decisions Take on Average 22 Months

Government Tech Purchase Decisions Take on Average 22 Months

3 Oct 2022 comment

At 22 months, the public sector has the longest average buying cycle for technology purchases compared to other industries, according to a survey from Gartner.

Foldable Smartphone Shipments to Hit 16 Million Units in 2022

Foldable Smartphone Shipments to Hit 16 Million Units in 2022

3 Oct 2022 comment

The global foldable smartphone market will grow 73% this year from 9 million units last year to 16 million units, according to Counterpoint Research.

Security, Skills, and Compliance Concerns Impede Success of Hybrid Cloud

Security, Skills, and Compliance Concerns Impede Success of Hybrid Cloud

2 Oct 2022 comment

New global market research from IBM revealed that more than 77% of respondents have adopted a hybrid cloud approach which can help drive digital transformation.

Digital Ticketing Transaction Value to Reach $1.4 Trillion by 2027

Digital Ticketing Transaction Value to Reach $1.4 Trillion by 2027

1 Oct 2022 comment

The global digital ticketing transaction value will reach $1.4 trillion in 2027; up from $768 billion in 2022, according to a new study from Juniper Research.

A Quarter of Companies Suffered Costly Data Breaches in the Past Three Years

A Quarter of Companies Suffered Costly Data Breaches in the Past Three Years

30 Sep 2022 comment

One in four companies (27%) globally has suffered a data breach that cost them US$1- 20 million or more in the past three years, according to PwC.

Smart Speaker Shipments Exceeded 33 Million in 2Q22

Smart Speaker Shipments Exceeded 33 Million in 2Q22

29 Sep 2022 comment

The US smart speaker market continued to contract during 2Q22, posting a decline of 14% year-over-year, according to Omdia.

Contactless Payments Transaction Values to Surpass $10 Trillion by 2027

Contactless Payments Transaction Values to Surpass $10 Trillion by 2027

28 Sep 2022 comment

The value of contactless payment transactions will reach $10 trillion globally by 2027, from $4.6 trillion in 2022, according to Juniper Research.

Netflix Viewership in the US To Decline for the First Time

Netflix Viewership in the US To Decline for the First Time

28 Sep 2022 comment

Netflix viewership in the US could get worse before it gets better, according to the latest OTT video service users forecast from Insider Intelligence.

Collaboration Applications Revenues Grew 28.4 Percent in 2021

Collaboration Applications Revenues Grew 28.4 Percent in 2021

27 Sep 2022 comment

Worldwide revenues in the collaboration applications market grew 28.4% year over year in 2021 to $29.1 billion, according to IDC.

Mobile Business Messaging Market to Reach $78 Billion by 2027

Mobile Business Messaging Market to Reach $78 Billion by 2027

26 Sep 2022 comment

The total value of the mobile business messaging market will increase from $48 billion in 2022 to $78 billion by 2027, according to Juniper Research.

Smart and Basic Watches Drive Wearable Market Back to Growth in 2Q22

Smart and Basic Watches Drive Wearable Market Back to Growth in 2Q22

26 Sep 2022 comment

Global wearable band shipments were up 2.0% in the second quarter of 2022 at 41.7 million units, according to Canalys estimates.

Near-Eye Displays for XR Expected to Grow to 139 Million Units in 2028

Near-Eye Displays for XR Expected to Grow to 139 Million Units in 2028

25 Sep 2022 comment

Display shipments for applications featuring near-eye displays are expected to reach 25.3 million units in 2022, up 73.8%, before reaching 139 million units in 2028, according to Omdia’s report.

The Majority of Senior Business Executives Expect a Recession

The Majority of Senior Business Executives Expect a Recession

24 Sep 2022 comment

The survey of senior business executives from around the world found that 59% believe there will be a recession in the coming year, according to IDC.

Digital Identity Verification Spending to Exceed $20 Billion by 2027

Digital Identity Verification Spending to Exceed $20 Billion by 2027

23 Sep 2022 comment

Spending on digital identity verification checks will reach $20.8 billion globally in 2027; up from $11.6 billion in 2022, according to Juniper Research.

Conversational AI to Reduce Contact Center Costs by $80 Billion in 2026

Conversational AI to Reduce Contact Center Costs by $80 Billion in 2026

23 Sep 2022 comment

By 2026, conversational AI deployments within contact centers will reduce agent labor costs by $80 billion, according to Gartner.

NFT Transactions to Reach 40 Million Globally by 2027

NFT Transactions to Reach 40 Million Globally by 2027

22 Sep 2022 comment

The global number of NFT (Non-fungible Token) transactions will rise from 24 million in 2022 to 40 million by 2027, according to Juniper Research.

European Spending in Biometrics to Grow 20 Percent in 2022

European Spending in Biometrics to Grow 20 Percent in 2022

22 Sep 2022 comment

European companies will spend $3.3 billion in biometrics in 2022, growing 20% versus last year, according to IDC.

Supply Chain Leaders Are Investing in AI and Automation

Supply Chain Leaders Are Investing in AI and Automation

21 Sep 2022 comment

A new IBM Institute for Business Value study 'Own Your Transformation' unveils how Chief Supply Chain Officers (CSCOs) are navigating significant supply chain challenges brought on by a global COVID-19 pandemic, inflation, climate change, and geopolitical events, and how they plan to future-proof their supply chains.

IoT Meets the Property Sector to Combat Energy Costs and Climate Change

IoT Meets the Property Sector to Combat Energy Costs and Climate Change

21 Sep 2022 comment

By enabling IoT connectivity, the property value of a building can be increased, according to a new study by Ericsson, Kiona, and Arthur D. Little.

Wearables Growth Faces Challenges Through 2022

Wearables Growth Faces Challenges Through 2022

20 Sep 2022 comment

The wearables market faced another challenging period in the second quarter of 2022 (2Q22) as global shipments declined 6.9% year over year to 107.4 million units, according to IDC.

C-V2X Technology to Transform Intelligent Transportation

C-V2X Technology to Transform Intelligent Transportation

20 Sep 2022 comment

The connected vehicle technology known as cellular-vehicle-to-everything technology (C-V2X) holds the potential to deliver transformational benefits in road safety, enhance environmental sustainability, and create new jobs in the U.S., Qualcomm asserted in a new white paper.

European Companies to Spend $100 Billion in Human Augmentation

European Companies to Spend $100 Billion in Human Augmentation

19 Sep 2022 comment

The European Human Augmentation market, including AR and VR, biometrics, exoskeletons, wearables, affective computing, and other human augmentation technologies, will reach over 62 billion dollars by the end of 2022 and more than 100 billion dollars by 2026, according to IDC.

Enterprises Are Turning to 5G for Their IoT Needs

Enterprises Are Turning to 5G for Their IoT Needs

19 Sep 2022 comment

Enterprises are not only increasing their IoT spending and their deployment of devices but are doing so because IoT projects are meeting or exceeding return on investment (ROI) expectations according to Omdia.

CCaaS Market Value to Near $16 Billion in Global Revenue by 2027

CCaaS Market Value to Near $16 Billion in Global Revenue by 2027

18 Sep 2022 comment

The global CCaaS (Contact Centre-as-a-Service) market revenue will reach $15.6 billion by 2027; rising from $4.9 billion in 2022, according to Juniper Research.

Geopolitical Risk Will Provide CIOs New Leadership Opportunities

Geopolitical Risk Will Provide CIOs New Leadership Opportunities

17 Sep 2022 comment

Technology governance issues emanating from cross-country politics have led to digital geopolitics rapidly becoming an issue that multinational CIOs must step up to lead, according to Gartner.

Headwinds Hit Global Smart Personal Audio

Headwinds Hit Global Smart Personal Audio

16 Sep 2022 comment

Worldwide smart personal audio shipments fell by 1.7% year on year in the second quarter of 2022, to 98.1 million units, according to Canalys.

Executives Think Automation Can Be Applied to Any Business Decision

Executives Think Automation Can Be Applied to Any Business Decision

15 Sep 2022 comment

According to a survey by Gartner, 80% of executives think automation can be applied to any business decision.

Total US Card Fraud Losses to Surpass $12 Billion in 2022

Total US Card Fraud Losses to Surpass $12 Billion in 2022

14 Sep 2022 comment

Purchases made via phone, internet, or mail-order using stolen cards will continue to climb, surpassing $10 billion by 2024, according to Insider Intelligence.

Roaming IoT Connections to Generate 1,100 Petabytes by 2027

Roaming IoT Connections to Generate 1,100 Petabytes by 2027

13 Sep 2022 comment

The global amount of data generated by roaming IoT connections will increase from 86 petabytes in 2022 to 1,100 petabytes by 2027, according to Juniper Research.

AI Spending Grew 20.7 Percent in 2021

AI Spending Grew 20.7 Percent in 2021

13 Sep 2022 comment

Worldwide revenues for the AI market, including software, hardware, and services for both AI-centric and AI non-centric applications, totaled $383.3 billion in 2021, an increase of 20.7% over the prior year, according to IDC.