Industry Insights, Data, and Solutions For Business Leaders

Intelligent Pumps with Analytics Capabilities Are Expected to be the New Norm -- Frost & Sullivan

A recent analysis by Frost & Sullivan’s found that an average of 50% to 60% of pump original equipment manufacturers’ (OEMs’) revenue is expected to be generated from services-related activities, such as real-time monitoring and reliability services. This will result in the pump industry transitioning from a product-based to a service-based model in the wake of Industrial Internet of Things (IIoT) in this digitalization era. Global pump revenue is estimated to reach $46.92 billion by 2025 from approximately $38.34 billion in 2019.

Mobile Augmented Reality Receives Impetus as Consumers Rely on Virtual Experiences -- FMI

The mobile augmented reality (AR) market is projected to have an impressive surge in growth prospects in the short-term and long-term forecast, reaching a valuation of $24 billion by 2030 as reported by a study from Future Market Insights (FMI).

Most PopularStaff ReportsJuly 10, 2020AR, Augmented Reality, Mobile AR, COVID-19

AI Adoption Being Driven by Improved Customer Experience, Greater Employee Efficiency, and Accelerated Innovation -- IDC

More than 2,000 IT and line of business (LoB) decision makers confirms that adoption of artificial intelligence (AI) is growing worldwide, as shown by a recent survey conducted by the International Data Corporation (IDC). Over a quarter of all AI initiatives are already in production and more than one third are in advanced development stages, and organizations are reporting an increase in their AI spending this year.

Most PopularStaff ReportsJuly 9, 2020artificial intelligence, machine learning, IT, AI, ML, automation

Increased Demand for IoT Cyber Protection to Lead Embedded Hardware Security Shipments to Hit $5 Billion by 2024 – ABI Research

In the ongoing push for more secure internet of things (IoT) devices and applications, the hardware choices for embedded security are growing dynamically. Research from ABI research forecasts that shipments for secure hardware serving digital authentication and embedded security will double that of 2019, reaching $5.3 billion by 2024.

Most PopularStaff ReportsJuly 9, 2020Internet of Things, Cyber Security, Cybersecurity

Stand-Alone Broadband Adoption Increases from 34% in 2017 to 42% in 2020 -- Parks Associates

Stand-alone broadband, typically defined as broadband not sold in a bundle with pay TV, is growing in popularity, according to new research from Parks Associates. The stand-alone broadband adoption rate increased from 34% of U.S. broadband households in 2017 to 42% in the first quarter of this year, as evident from Parks Associates’ researchers.

Most PopularStaff ReportsJuly 8, 2020broadband, broadband households, broadcast video

Average Weekly Hours of Online Video Concumpton in 2020 Nealy Double that of 2017 as Newcomers Enter the Market -- Parks Associates

A new data base released by Parks Associates found that the number of hours consumers spend watching online video per week has nearly doubled from 3.6 hours in 2017 to almost 7 hours in 2020 . Dallas-based Parks said at the same time traditional pay-TV service has declined from an adoption rate of 75% to 62% in U.S. broadband households between Q1 2017 and Q1 2020, which led a subsequent decline in set-top box adoption.

Cloud IT Infrastructure Spending Continued to Grow in Q1 2020 While Spending on Non-Cloud Environments Saw Double-Digit Declines -- IDC

Vendor revenue from sales of IT infrastructure products (server, enterprise storage, and Ethernet switch) for cloud environments, including public and private cloud, increased 2.2% in the first quarter of 2020 (1Q20) while investments in traditional, non-cloud, infrastructure plunged 16.3% year over year (YoY) according to the International Data Corporation’s (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker.

Global Security Industry to Continue Growth by Shifts to Service-Based Solution -- Frost & Sullivan

In spite of the economic slowdown witnessed due to COVID-19, the security industry has tremendous investment opportunities according to Frost & Sullivan’s recent analysis, Post-Pandemic Growth Opportunity in the Global Security Industry. Despite a marginal slowdown expected in 2020 and 2021, strong demand-side trends will present immense development potential for security market participants. Under an aspirational recovery scenario, the global security industry is likely to grow at a compound annual growth rate (CAGR) of 4.3%, garnering revenue of $140.60 billion by 2025 from $109.30 billion in 2019. The conservative forecast scenario predicts that the industry will generate $131.01 billion between 2019 and 2025, at a CAGR of 3.1%. In the pre-COVID-19 forecast, the industry was estimated to increase at a CAGR of 7.1%, generating revenue of $164.97 billion over the forecast period.

Traditional PC Shipments Continue to Grow Amid Global Economic Slowdown -- IDC

The second quarter of 2020 (2Q20) ended well for the Traditional PC market, comprised of desktops, notebooks, and workstations, with global shipments growing 11.2% year over year reaching a total of 72.3 million units, according to International Data Corporation (IDC). As restrictions around the world tightened in the first few weeks of the quarter, demand for notebooks continued to grow to maintain continuity of business and schooling for many communities.

Most PopularStaff ReportsJuly 2, 2020PC, PC Market, desktops, notebooks, COVID-19

Business Transformation Success Requires Focus on Key External Stakeholders -- Symphonic

Regardless of where organizations are in their digital transformation journey, success or failure is ultimately determined by the impact that these initiatives have on key external stakeholders -- starting with prospects and existing customers. So says Lisa Meier, CEO of Symphonic Leadership Partners, a multidisciplinary source of results-driven executives who help organizations accelerate the achievement of desired outcomes.

Most PopularStaff ReportsJuly 2, 2020Digital Transformation

AR/VR Market Expected to Grow by $125.19 Billion from 2020-2024 due to M&A and Increased Adoption -- Technavia

The global augmented reality (AR) and virtual reality (VR) market is expected to grow by $125.19 billion during 2020-2024 as the advances increase AR/VR’s applicability to new areas, and major players in AR/VR merge and acquire other firms, according to a study by Technavio.

Most PopularStaff ReportsJuly 1, 2020Augmented Reality, virtual reality

Machine Learning in Manufacturing Market Expected to Grow at a High CAGR Through 2025 -- ARC

Machine Learning in Manufacturing Market was valued at significant market size, growing with a CAGR surpassing 42%. According to research from the Analytical Research Cognizance (ARC), this high CAGR is expected to continue in the forecast period of 2020-2025.

Most PopularStaff ReportsJune 30, 2020machine learning, Machine Learning, Smart Manufactring

COVID-19 will Lead India's Enterprise Software Market Growth to Fall to 3.8% YoY In 2020 — IDC

The Indian software market grew by 16.0% year over year (YoY) in 2H19 (July- December of 2019), compared to 2H18 (July- December of 2018). However, the YoY growth is estimated to fall to 3.8% in 2H20, with a CAGR of 7.6% from 2019 to 2024.

Artificial Intelligence Set To Dominate Operating Rooms By 2024 -- Frost & Sullivan

A study from Frost & Sullivan claims that by 2024, the artificial intelligence (AI) market for surgery will reach $225.4 million up from $69.1 million in 2019. The use of AI and analytics in conventional operating rooms will help hospitals address inefficiencies and clinical challenges physicians face when performing surgery, according to this new study.

Container Managment Revenues Expected to Double by 2024 Due to Cloud-Native Applications -- Gartner

Worldwide container management revenue will grow strongly from a small base of $465.8 million in 2020, to reach $944 million in 2024, according to a new forecast from Gartner. Among the various subsegments, public cloud container orchestration and serverless container offerings will experience the most significant growth. This is the first time Gartner has published a forecast for container management, in response to the increasing importance of the underlying technology.

Aviation Blockchain Market Projected to Have a CAGR of 22.5% from 2020 to 2027 -- Fior Markets

The global aviation blockchain market is expected to grow from $420 million in 2019 to $2.12979 billion by 2027, at a CAGR of 22.5% during the forecast period 2020-2027 according to a new study conducted by Fior Markets.

Amidst COVID-19, A New Airline Industry Forcast Estimate a $460 Million Decrease in Airline IT Revenues by 2025 -- Frost & Sullivan

Frost & Sullivan’s recent study, Analysis of the Global Airline IT Market, Forecast to 2025, finds that the increasing expectations of passengers are compelling airlines to embrace digital enablers and propelling a digital transformation journey that will fundamentally change traditional airline information technology (IT) strategies. Impacted by the COVID-19 pandemic, the airline IT market is estimated to generate a revenue of $20.74 billion by 2025, compared to $21.20 billion in 2019. As per the original forecast, by 2025, the market was estimated to reach $25.1 billion from $21.20 billion in 2019.

Top 10 Data and Analytics Technology Trends for 2020 -- Gartner

By the end of 2024, 75% of organizations will shift from piloting to implementing Artificial Intelligence (AI). This is one of the top 10 data and analytics (D&A) technology trends for 2020 that analysts at Gartner say will help organizations prepare for a post-pandemic reset.

ATSC 3.0 Apps: A Pupil-Turned Master

Across the Atlantic, European broadcasters have been developing their Hybrid broadcast and broadband TV (HbbTV) standard for over 10 years. Late to join this ‘living room revolution’, US broadcasters have only recently developed their own equivalent standard, known as ATSC 3.0. This delayed adherence, however, comes with its advantages. Specifically related to consumer interfaces and broadcast apps, Europe had to learn its lessons the hard way, from its own pioneering implementations.

Most PopularContributed ArticleDecember 4, 2019ATSC 3.0, Streaming, OTT, HbbTV, BroadcastComment

Auto Revolution 2019: The Disruptive Implications Of Intelligent Connected Vehicles

The automotive industry must engage in a comprehensive and high-profile discussion on the implications of intelligent vehicles to ensure consumer trust and adoption, according to Bernardo Rodriguez, Chief Digital Officer at J.D. Power, in an audio interview for journalists covering the Auto Revolution 2019 conference Las Vegas on October 23-24.