Industry Insights, Data, and Solutions For Business Leaders

Inflation Fuels Telecom Services and Pay TV Market Growth in All Global Regions — IDC

Worldwide spending on Telecom Services and Pay TV Services reached $1,478 billion in 2022, increasing by 2.2% year over year. IDC expects Worldwide spending on Telecom and Pay TV services will increase by 2.0% next year and reach a total of $1,541 billion. The latest forecast is slightly more optimistic compared to last year, as it assumes a 0.3 percentage point higher growth in 2023. IDC believes this acceleration is a consequence of the increase in tariffs on telecommunication services fueled by inflation.

Emerging MarketsStaff ReportsMay 17, 2023Telecommunication, Telecom Services, IDC, Pay TV

LPWAN IoT Connections to Grow 23% CAGR from 2022 to 2028, Driven by Growth in NB-IoT and LoRaWAN Technologies: Omdia

Omdia’s latest research reveals that NB-IoT and LoRa will account for 87% of all LPWAN connections in 2028, strengthening their position in the LPWAN market with over 85% of the connections worldwide. Both technologies are in the sweet spot for mid-range IoT applications that are popular now. With sufficient differentiation between the two technologies, both are on track for success through the end of Omdia’s forecast in 2028.

Severing Connections: Implications of GM’s Decision to Embrace a Built-in, Native Operating System -- Forrester Reports

In a surprising development, General Motors (GM) has announced that it will eliminate Android Auto and CarPlay from its upcoming electric vehicles (EVs) from mid-year 2024. In its stead, GM envisions a built-in, native OS. Needless to say, this development has invited significant criticism from consumers.

Emerging MarketsStaff ReportsMay 5, 2023Forrester, General Motors, Native OS

Fintech Projected to Become a $1.5 Trillion Industry by 2030 -- Boston Consulting Group

Financial technology revenues are projected to grow sixfold from $245 billion to $1.5 trillion by 2030, according to a new report released today by Boston Consulting Group (BCG) and QED Investors. The fintech sector, which currently holds a 2% share of the $12.5 trillion in global financial services revenue, is estimated to grow up to 7%, of which banking fintechs are expected to constitute almost 25% of all banking valuations worldwide by 2030.

Emerging MarketsStaff ReportsMay 3, 2023BCG, Fintech, Financial Services

Blending Analytical Expertise and Operational Agility will Enable Industrial and Manufacturing Firms to Navigate Economic and Operational Headwinds — ABI Research

Industrial and Manufacturing firms face a myriad of ever-changing challenges, from rising interest rates, pressure to relocate facilities, and increased scrutiny of their operations through an ESG lens. Technology suppliers must help firms evaluate outside signals and add agility to their operations to meet customer needs.

80-85 Million US Consumers Listen to Podcasts at Least One Hour Per Week, Finds Parks Associates

New research from Parks Associates shows that 80-85 million US consumers ages 18 and older report they listen to a podcast for at least one hour each week. The research study, Podcasting: An Exploding Market, examines the impact of the rapid growth in the podcast market, including household audio equipment adoption, consumer behaviors across various platforms and genres, and crossover effects with the consumption of music services.

Global Investments In Engineering And R+D To Grow At 10% CAGR Despite Downturn, Finds Bain & Company

Businesses’ global investments in engineering, and on research and development in the engineering (ER&D) sector, are set to rise strongly over the next five years, expanding at a double-digit compound annual growth rate (CAGR) of 10% up to 2026 despite currently uncertain economic conditions, Bain & Company’s latest research reveals.

Emerging MarketsStaff ReportsApril 20, 2023Bain & Company, R&D, Future of work, Emerging markets

Worldwide PC Shipments Declined 30% in First Quarter of 2023, Says Gartner

Worldwide PC shipments totaled 55.2 million units in the first quarter of 2023, a 30% decrease from the first quarter of 2022, according to preliminary results by Gartner, Inc. An unfavorable combination of oversupply and continued low PC demand due to economic uncertainties and a lack of purchase motivation led to the second consecutive quarter of historic year-over-year decline.

Emerging MarketsStaff ReportsApril 12, 2023Gartner Inc., PC market, Emerging markets

Down But Not Out: Healthcare Private Equity Deals Reached Nearly $90 Billion in 2022, The Industry's Second-Biggest Year On Record, Finds Bain & Company

Despite a slowdown caused by macroeconomic and geopolitical forces in the second half of the year, 2022 was still the second-best year on record for healthcare dealmaking due in large part to the white-hot pace of investment at the start of the year. Total disclosed deal value reached nearly $90 billion, down from $151 billion in 2021 but still over $10 billion more than the next-closest year.

New Research Shows Companies Built for the Future Are Generating Shareholder Returns Almost Three Times Greater Than Those of the S&P 1200 — BCG

The fundamental drivers of superior performance and sustainable competitive advantage are changing. Growth opportunities are moving to new markets, including those created by technology disruption, and are expanding in areas related to generative artificial intelligence (AI), the energy transition and low-emission technology as well as in gene therapy, the metaverse, and quantum computing.

Emerging Markets, Future of WorkStaff ReportsApril 7, 2023BCG

Games Revenue Will Reach $215 Billion by 2027, Overtaking Pay TV and Cinema Reveals New Omdia Research

Global consumer spending on games is set to reach $215 billion by 2027. The transmedia space continues to expand and profit as more video game franchises make their way to large and small screens. Streaming services need more content to monetize their services and reach profitability as consumers demand more and more content. The days of poor-performing titles are long behind us. High-scoring TV series such as Netflix’s ‘The Witcher’ or HBO’s ‘The Last of Us’ prove that quality, investment, and writing across the adaptations are of a superior level.

Emerging MarketsStaff ReportsMarch 29, 2023Omdia

60% of Marketing Leaders Believe Collecting Customer Data While Balancing Privacy and Customer Value Will Be More Challenging in 2023, Finds Gartner Survey

68% of marketing leaders believe collecting first-party customer data with an appropriate balance of customer value exchange and privacy will become more challenging in 2023, according to a recent Gartner survey. The survey revealed that 85% of respondents had implemented a formal policy to manage customer data, yet privacy remains an ongoing challenge.

Dubs And Subs/The Cost-of-Living: How Are Entertainment Consumers Reacting? Futuresource Reports.

The ballooning cost of living has been a well-publicized global issue. Audiences are continuing to tighten their belts in response to the crisis. Recent research from Futuresource Consulting shows key European markets like France, Germany, and the UK have been hit especially hard, with over 50% of consumers financially worse off than they were six months ago.

Security Monitoring Cancellation Intentions Are Down, But Younger Households Are More At Risk Of Churn, Finds Parks Associates

A new consumer study finds younger households are at higher risk for canceling their professionally monitored security, even as plans to cancel have dropped among all households. The research firm reports that 38% of Gen Z home security monitoring subscribers intend to cancel their contract, while overall, only 17% of those with pro-monitoring report a likelihood to cancel.

Emerging MarketsStaff ReportsMarch 16, 2023Parks Associates

Holiday Quarter Woes Contribute to a Full-Year Decline in Shipments of Wearable Devices, According to IDC

Global shipments of wearable devices declined 18.9% year over year in the fourth quarter of 2022 (4Q22) to 138.7 million units, according to new data. Shipments for the full year 2022 were down 7.7% compared to 2021, marking the first year of decline for the category due to challenging macroeconomic conditions and difficult comparisons to the strong results of 2021.

Emerging MarketsStaff ReportsMarch 7, 2023idc

According to Frost & Sullivan, The Global Non-destructive Testing Software Market to Witness Growth with Improved Safety Requirements

Improved safety requirements across industries will drive the non-destructive testing (NDT) equipment market, inflating the demand for integrated software, according to Frost & Sullivan’s recent analysis of the global NDT software industry.

Emerging MarketsStaff ReportsFebruary 7, 2023NDT, non-destructive testing, software

Structured Data Management Drives Most Spending on Compute and Enterprise Storage Systems in the First Half of 2022, According to IDC

The workload driving the largest share of enterprise IT infrastructure spending in the first half of 2022 (1H22) was Structured Databases/Data Management, according to the International Data Corporation (IDC) Worldwide Semiannual Enterprise Infrastructure Tracker: Workloads.

Emerging MarketsStaff ReportsNovember 10, 2022Data Management, enterprise storage, infrastructure

Gartner Forecasts Worldwide Public Cloud End-User Spending to Reach Nearly $600 Billion in 2023

Worldwide end-user spending on public cloud services is forecast to grow 20.7% to total $591.8 billion in 2023, up from $490.3 billion in 2022, according to the latest forecast from Gartner, Inc. This is higher than the 18.8% growth forecast for 2022.

Emerging MarketsStaff ReportsNovember 1, 2022public cloud, IaaS, infrastructure as a service

TinyML Software-as-a-Service Revenue to Exceed US$220 Million in 2022, On Pace to Become a Billion-Dollar Market by 2030, according to ABI Research

As TinyML vendors continue to democratize Machine Learning (ML) at a rapid pace, global technology intelligence firm ABI Research forecasts that TinyML Software-as-a-Service (SaaS) revenue will exceed US$220 million in 2022 and become an important component from 2025 onward.

Emerging MarketsStaff ReportsSeptember 28, 2022TinyML, ML, SaaS

According to Everest Group, Growth of Metaverse Increases Trust and Safety (T&S) Risks to Enterprises, Users

As enterprises apply their best creative and strategic thinking to how to take advantage of the metaverse, they should also address the heightened risks the metaverse will pose to employees, customers and corporate assets, according to Everest Group.

Emerging MarketsStaff ReportsSeptember 27, 2022metaverse, risk management, Enterprise Security