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.
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High-Impact Spaces Are the Key to Elevated Collaboration Experiences: New Insights From Frost & Sullivan
As organizations solidify hybrid work programs, reliability, quality, and robustness of meeting spaces–ensuring technology works every time with minimal support – remains a top concern for IT and AV professionals. For business leaders, equitable experiences for remote and onsite meeting participants are now a high priority.
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The Need for Speed Drives Demand for Real-Time Payments in B2B Commerce -- Rodrigo Figueroa, Chargeback Gurus
Open banking initiatives have spurred rapid adoption of real-time payments (RTP) around the world, especially in countries like India, where 41 million RTP transactions are processed every day, and Singapore, where 80% of businesses and consumers are registered to use the national RTP scheme, PayNow. While the US hasn’t been quite as eager to embrace RTP, the trend shifts occasioned by the COVID-19 pandemic, along with some encouragement from the Federal Reserve, is driving growth and greater normalization of RTP options in domestic retail, person-to-person (P2P) and business-to-business B2B payment environments.
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Innovation in Virtualized and Cloud Security to Create US$8 Billion Market Opportunity for 5G Security Software & Services in 2027: ABI Research
With advancing 5G roll-outs, the opportunity for software and service-based security is emerging quickly due to the need to secure virtualized and cloud-based assets at the edge of the Radio Access Networks (RAN) and in the core. ABI Research expects a diverse multi-vendor cybersecurity market to leverage and adapt the best digital security technologies to the 5G ecosystem, creating a rich and innovative market to protect all aspects of 5G networks.
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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.
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Labor Productivity Declines Endanger Critical Supply Chain Objectives, Says Gartner
Labor productivity levels are historically low and stalled out largely due to a lack of investment in workforce innovations. One clear symptom is that turnover is 33% higher in supply chain organizations compared to pre-pandemic levels. While that may paint a discouraging picture, it also provides an excellent basis for supply chain leaders to experiment and rethink how they unlock, mobilize and augment the workforce to greater productivity.
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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.
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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.
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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.
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Worldwide Spending on AI-Centric Systems Forecast to Reach $154 Billion in 2023, According to IDC
Companies that are slow to adopt AI will be left behind. AI is best used in to augment human abilities, automate repetitive tasks, provide personalized recommendations, and make data-driven decisions with speed and accuracy. Suppliers of AI technologies need to know which are the largest and fastest-growing opportunities, but without data they become just another opinion.
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Cybersecurity in Healthcare: Navigating the Digital Landscape Safely and Efficiently -- Bane Hunter
The digital transformation of healthcare has brought about numerous benefits, including improved patient care, streamlined operations, and increased accessibility to medical information. However, alongside these advancements, the sector has also become a prime target for cybercriminals.
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Creativity Will Separate Leaders from Laggards as Demand for SaaS Plateaus in 2023 -- Greg Latson
Buoyed by the COVID-induced shelter-in-place workforce, the software as a service (SaaS) market has enjoyed a surge in demand over the past two years. However, despite the fact that global enterprise spending on SaaS grew from $146 billion in 2021 to reach a projected $195 billion by 2023, there is no shortage of providers competing for a piece of that pie, according to marketing enthusiast -- and SaaS marketing guide -- Greg Latson.
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Recent White House Executive Order to Bolster Care Infrastructure, Cites BCG Research
According to a recent BCG report, about 56% of US workers have care responsibilities outside their full-time jobs. Approximately 40 million of these caregivers rely on paid care—such as nannies, daycares, or nursing homes—in order to hold jobs. Looking at these figures, there are two central aspects of the care economy that must be addressed to avoid an economic loss equivalent to losing half of the annual GDP growth projected from 2022–2023.
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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.
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Executive Roundtable: SAP Modernization Will Require Effective – and Rapid – Navigation of Multi-Dimensional Challenges
The daunting complexity faced by large organizations with SAP instances that have been in place for many years will have to be managed quickly – and deftly – to address two compelling requirements: 1) Meeting the 2027 deadline set by SAP to cease support of its workhorse ERP Central Component (ECC) platform; and 2) Making the technical transition while supporting comprehensive business transformation initiatives at both an organizational and industry-wide level.
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Banks Should Adapt Lending Strategies to Account for Increasing Physical Risks of Climate Change, Finds Bain & Company and Jupiter Intelligence
A recent analysis of European banks found that just 18% have begun to integrate physical risks into their mortgage lending strategies. However, the vast majority of European banks are yet to incorporate physical risks into their strategy definition, monitoring processes, target setting, product offering, or client engagement.
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Improving Developer Experience is Driving Software Engineering Technology Adoption, Finds New Gartner Survey
High-quality developer experience has become a critical priority in software delivery, with 58% of software engineering leaders reporting that developer experience is “very” or “extremely” critical to the C-suite at their organizations. Enhanced developer experience or productivity is cited as the top value factor for the adoption of several technologies and practices across the software development lifecycle.
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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.
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81% of Marketing Leaders Have Contingency Plans in Response to Disruptions, But Just 21% Follow Them, Finds Gartner Survey
81% of marketing leaders have established a contingency plan to respond to disruptions, but just 21% follow these plans as marketers weather the storm of continued economic and geopolitical uncertainty. A recent Gartner survey revealed that 44% of digital marketing leaders who enacted a contingency plan during an economic disruption event exceeded the organization's year-over-year profit growth.
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NAB 2023: Ecosystem Optimization and Consumer Education Will Drive High Dynamic Range Adoption Through 2023
"HDR is on track to achieve a critical mass of market penetration over the next few years as technical standards mature and key players throughout the content creation, capture, distribution and consumption ecosystem optimize and integrate their go-to-market processes," says Rick Dumont, Head of Business Development for HDR and Wireless at Philips, in a podcast interview for journalists.
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