Analysis
2022 Was the Worst Year for European Smartphone Shipments in a Decade
The European smartphone market continued to suffer from a dire economic climate and ongoing geopolitical uncertainty with shipments declining by 24% year-on-year in 4Q22, according to Counterpoint Research.
Ransomware Persisted in 2022 Despite Improved Detection
Although ransomware's share of incidents declined only slightly (4 percentage points) from 2021 to 2022, defenders were more successful in detecting and preventing ransomware, according to IBM Security's annual X-Force Threat Intelligence Index.
Global 5G Subscriptions Top One Billion
The number of global 5G subscriptions topped the one billion milestones at the close of 2022, the latest statistics from the Ericsson Mobility report shows.
European ICT Spending to Reach $1.2 Trillion in 2023 Despite Fear of Recession
ICT spending in Europe will reach $1.2 trillion in 2023 and will surpass $1.4 trillion by 2026, posting a 5.4% compound annual growth rate (CAGR) over the 2021-2026 period, according to IDC.
Global Telecom Market to Stabilize in 2023
While the global telecom market had to contend with declines in 2022, some categories continued to perform well. For 2023, GfK forecasts a stabilization of the market.
eGate Hardware Revenue to Grow 137 Percent Between 2023 and 2027
eGate hardware revenue will exceed $490 million by 2027; up from $207 million in 2023, according to a new study from Juniper Research.
Near-Eye Display Shipments to Grow by Two-Thirds in 2023
Near-eye display shipments for XR applications, including AR, VR, and MR, will be 24 million in 2023 with 67% YoY growth, according to Omdia.
Digital Video Time to Surpass TV Time in the US This Year
For the first time, US adults will spend more time watching digital video than traditional linear TV, according to the latest time spent forecast from Insider Intelligence.
Steady Growth for Enterprise Applications through 2026
Worldwide revenue for enterprise applications will grow from $279.6 billion in 2022 to $385.2 billion in 2026 with a five-year compound annual growth rate (CAGR) of 8.0%, according to IDC.
Over 320 Million Credit Cards to Be Issued via Digital Platforms by 2027
The number of credit cards issued via digital card issuance platforms will exceed 321 million globally by 2027, from 120 million in 2023, according to Juniper Research.
The Greatest Perceived Barrier to Skill Development is Pricing
Job seekers, students, and career changers around the world want to pursue roles related to STEM across different industries, but say they are not familiar with career options, according to a study.
FAST Channel Revenues to Reach $12 Billion in 2027
Free ad-supported streaming TV (FAST) channel revenue grew almost 20 times between 2019 and 2022 and is set to triple between 2022 and 2027 to reach $12 billion, according to new research from Omdia.
Most Consumers Hold Back on Non-Essential Spending as the Cost of Living Rises
As the cost of living crisis continues to rise globally, consumers have drastically adjusted their spending behaviors, with the majority (53%) of global consumers “holding back” on non-essential spending, according to PwC.
European AI Market Continues to Grow Steadily
Despite the war in Ukraine, inflation, IT budget cuts, and layoffs announced by even the biggest tech companies, IDC estimates that the European AI market, including software, hardware, and services, will post a compound annual growth rate (CAGR) of 25.5% in the 2022-2026 period to reach $191 billion in 2026.
CPaaS Market to Reach $29 Billion Globally by 2025
The value of the CPaaS (Communications Platform-as-a-Service) market will reach $29 billion globally by 2025; rising from $16 billion in 2022, according to Juniper Research.
Hardcopy Shipments in Western Europe Dipped Below 17 Million in 2022
Western European shipments of hardcopy peripherals declined 4.1% year over year to 16.7 million units in 2022, according to IDC.
Cross-Border B2B Payments to Surpass $40 Trillion by 2024
Global spending on B2B cross-border payments will exceed $40 trillion by the end of 2024, increasing from $37 trillion in 2022, according to Juniper Research.
Low-Code Development Technologies Market to Grow 20 Percent in 2023
The worldwide market for low-code development technologies is projected to total $26.9 billion in 2023, an increase of 19.6% from 2022, according to Gartner.
Nearly 415 million Used Smartphones Will Be Shipped Worldwide in 2026
IDC estimates worldwide shipments of used smartphones, including officially refurbished and used smartphones, will reach 282.6 million units in 2022.
5G IoT Connections to Surpass 100 Million for the First Time by 2026
5G IoT connections will reach 116 million globally by 2026; rising from just 17 million in 2023, according to a new study from Juniper Research.
European Cloud Spending Will Reach $148 Billion This Year
Public Cloud Services spending in Europe will reach $148 billion in 2023 and will reach $258 billion by 2026, growing at a 22% 5-year 2021-2026 CAGR, according to IDC.
Top 10 Predictions for the Future of Industry Ecosystems
Organizations are looking to expand their industry ecosystems as the next phase of digital transformation, building upon the investments that they have made in recent years.
Cloud Service Spending Expected to Grow by 23 Percent in 2023
Worldwide cloud infrastructure services expenditure grew 23% year on year in the fourth quarter of 2022 to reach $65.8 billion, an increase of $12.3 billion, according to Canalys.
5G SA Core Deployments Rise to 42 in 2022
Last year saw steady growth in 5G network coverage with the number of subscribers reaching almost 1 billion worldwide, according to Counterpoint Research.
5G Drives Revenue Growth
New research from the Ericsson Mobility Report team provides encouraging evidence for communication service providers by identifying a correlation between 5G uptake and revenue growth.
Top 10 Semiconductor Buyers Decreased Chip Spending by 7.6 Percent in 2022
The top 10 global original equipment manufacturers (OEMs) decreased their chip spending by 7.6% and accounted for 37.2% of the total market in 2022, according to preliminary results by Gartner.
Tablet Shipments Grew in 4Q22 Despite Economic Challenges
Worldwide PC (including tablet) shipments fell 21% year on year in the fourth quarter of 2022, to 105.6 million units, according to Canalys.
OTT Business Messages to Exceed 93 Billion in 2023
Global OTT (Over the Top) business messaging traffic will rise from 93 billion in 2023, to 254 billion by 2027, according to a new study by Juniper Research.
The Market for Tech Services in Gaming Industry is Worth $62 Billion
New Omdia research has for the first time measured the total size of the market for technology products and services consumed by the games industry.
Shipments of Tablets and Chromebooks Declined Sharply in 2022
Worldwide tablet shipments posted flat growth of 0.3% year over year in the fourth quarter of 2022 (4Q22), totaling 45.7 million units, according to preliminary data from IDC.