Analysis
Digital Prepaid Card Usage Expected to Surge
The value of digital prepaid card transactions will exceed $3.98 trillion globally by 2028, up from $528.7 billion in 2023, according to Juniper Research.
Telecom Market Growth Is Speeding Up
Worldwide spending on Telecom Services and Pay TV Services reached $1,478 billion in 2022, increasing by 2.2% year over year, according to IDC.
Malicious IoT Botnet Activity Has Sharply Increased
The latest Nokia Threat Intelligence Report has found that IoT botnet DDoS traffic, originating from a large number of insecure IoT devices, increased fivefold over the past year.
Shanghai Ranked World’s Number 1 Smart City in 2023
Shanghai is the leading smart city in 2023, according to Juniper Research.
eSIM-Capable Devices Set for Hyper-Growth after Crossing Inflection Point
More than 6 billion xSIM-capable devices will be cumulatively shipped over the next five years, covering all form factors including hardware-based eSIM, iSIM, nuSIM, and Soft SIM, according to Counterpoint Research.
CEE Joins FAST Race with Revenues Expected at $42 Million by 2028
The Central and Eastern European (CEE) market is on track to reach $42m in free ad-supported streaming tv (FAST) revenues by 2028, according to Omdia.
CIO Commitment and Concerns Around Technology Innovation
A global annual survey of Chief Information Officers by Lenovo reveals that despite economic headwinds and IT budget challenges, the world’s CIOs are bullish about the power of technology to deliver value for their organizations.
eCommerce Transactions to Reach $8 Trillion by 2027
The $5.3 trillion eCommerce market will continue to expand rapidly; driven by increased usage in developed markets, and significant adoption in emerging markets, according to Juniper Research.
Payment Issuers and Acquirers to Spend $3.1 Billion on Real-Time Payments in 2023
Payment issuers and acquirers are prioritizing IT investments towards real-time payments in 2023, with most merchants interested in accepting real-time payments, according to Omdia.
Revenues of Top-Tier IT Distributors Slipped From 2022 Highs in 1Q23
IT distributor revenue for the first quarter of 2023 contracted by 6% year-over-year to $19.1 billion, according to IDC.
Four Trends Shaping the Future of Cloud, Data Center, and Edge Infrastructure
Gartner highlighted four trends impacting cloud, data center, and edge infrastructure in 2023
Mobile Money Transactions to Exceed $2 Trillion in Emerging Markets by 2027
The total value of mobile money transactions in emerging markets will reach $2 trillion by 2027, an increase of over $500 billion from 2023, according to Juniper Research.
AR and VR Headset Shipments Slow in 1Q23
Global shipments of AR and VR headsets slowed significantly in the first quarter of 2023 as macroeconomic conditions worsened and the market cooled compared to the pandemic-driven highs seen last year, according to IDC.
The Market is Favoring Chinese Panel Makers
Competition from China’s top-tier TV makers is on the rise as TCL and Hisense, rank second and third largest panel purchasers with a 24% market share in 1Q23, indicating the market is favoring Chinese panel makers, according to Omdia.
Weak Demand Continues to Delay a Recovery for the Smartphone Market
Global shipments of smartphones will decline 3.2% in 2023, totaling 1.17 billion units for the year, according to IDC.
Spending on IT and Business Services Proves to be Resilient
Worldwide IT and business services revenue is expected to grow in constant currency from $1.13 trillion in 2022 to $1.2 trillion in 2023, or 5.7% year-over-year growth, according to IDC.
Top 10 Government Technology Trends for 2023
Gartner identified the top 10 government technology trends for 2023.
Staggering Cost of Vulnerable Software Supply Chains
The total cost of software supply chain cyberattacks to businesses will exceed $80.6 billion globally by 2026, up from $45.8 billion in 2023, according to a new study from Juniper Research.
FAST Channel Revenue to Reach $6.3 Billion in 2023
Free ad-supported streaming TV (FAST) channels will generate revenues of $6.3 billion in 2023, according to Omdia.
Roaming Data Revenue to Reach $10 Billion in 2024
Operators will generate over $10 billion of roaming data revenue globally in 2024, rising from $8.6 billion in 2023, according to Juniper Research.
European Security Spending to Grow 10.6 Percent in 2023
Growing security needs, new regulations, and the increasing risk of ransomware attacks due to the current geopolitical situation continue to drive European security spending, according to IDC.
Open Banking Use Expected to Surge
Open Banking usage will grow by 470% over the next 4 years, with the total number of API (Application Programming Interface) calls generated via Open Banking to exceed 580 billion by 2027, from only 102 billion in 2023, according to Juniper Research.
Top Cybersecurity Trends for 2023
Security and risk management (SRM) leaders must rethink their balance of investments across technology and human-centric elements when creating and implementing cybersecurity programs in line with nine top industry trends, according to Gartner.
Western European Smartphone Market Revival Expected in 2024
Western Europe's smartphone market faced a continued slump in the first quarter of 2023, dropping 13% to 23.7 million units of shipments, according to Canalys.
Apple Ranked the Largest Mobile Display Purchaser in 2022
Total mobile PC (including notebook and tablet) panel shipment reached 479 million units in 2022, according to Omdia.
Smart Home Product Owners Concerned with Personal Data Security
Parks Associates’ new research, developed in partnership with Iris, highlights the risks posed by internet-connected devices, consumers’ perceptions of these risks, and the role smart home platforms can play in mitigating threats.
European AR/VR Market to Reach $10.5 Billion by 2027
European augmented reality and virtual reality (AR/VR) spending will reach $1.1 billion and $3.4 billion, respectively, in 2023, according to IDC.
Operator Losses from Business Messaging Fraud to Reduce over 4 Years
The operator revenue loss to SMS grey route traffic will decline by 66% over the next 4 years; owing to the increasing adoption and efficiency of SMS firewalls, according to Juniper Research.
EMEA Storage Market Grew 8.3 Percent in 2022
The negative impact of the war in Ukraine on the macroeconomic situation in Europe did not stop the rapid growth of the enterprise storage systems (ESS) market in the fourth quarter of 2022, according to IDC.
Top Eight Cybersecurity Predictions for 2023-2024
Fifty percent of chief information security officers (CISOs) will adopt the human-centric design to reduce cybersecurity operational friction, according to the top cybersecurity predictions revealed by Gartner.