IoT deployments play a vital role in many enterprises’ digital transformation strategies, yielding benefits such as productivity gains, cost savings, and achieving environmental sustainability goals. As a result, enterprises continue to increase their spending on IoT solutions and are broadly expanding deployments. 95% expect to see measurable benefits from IoT within two years of deployment.
Read MoreCMOs are redefining the baselines for speed, efficiency, customization, and quality for a wide range of marketing tasks with generative AI, and they see opportunities for it to future-proof their business,” said Jessica Apotheker, BCG global CMO. A new BCG report finds most CMOs are already seeing positive results, with 93% reporting positive improvements in how they organize work and 91% reporting a positive impact on their efficiency.
Read MoreAccording to a new IDC forecast, worldwide revenue for enterprise applications will reach $483.1 billion in 2027 with a five-year CAGR of 9.6%. Nearly all this growth will come from ongoing investments in public cloud software, which is expected to represent more than two-thirds of all enterprise applications revenue in 2027.
Read MoreThe global entertainment technology community is redefining how it develops, organizes and deploys value chains to ensure long-term viability in today's increasingly volatile and complex digital economy. As a result, executives are placing more importance on consistency and resiliency, de-emphasizing their singular reliance on lean-and-mean just-in-time strategies, according to Eric Rutter, founder and CEO of Mavsotech, a technology consulting company based in Philadelphia, PA, in a podcast interview for journalists.
Read MoreVision-based interface (VBI) technologies are poised to become the next breakthrough in elevating the consumer experience across a wide range of connected devices, according to Serhad Doken, chief technology officer with San Jose-based Adeia, which invents, develops and licenses fundamental innovations that shape how people explore and experience digital entertainment.
Worldwide contact center (CC), CC conversational AI, and virtual assistant end-user spending are projected to total $18.6 billion in 2023, an increase of 16.2% from 2022, according to Gartner, Inc. Near-term investment growth rates for AI and virtual assistants are expected to dip as business volatility creates a lengthening of decision cycles. Longer-term, generative AI will accelerate contact center platform replacement as CX leaders look to improve the efficiency of customer service operations and the overall customer experience.
Read MoreConnected cars on the road are set to grow 18% in 2023, according to Omdia’s latest outlook into the automotive market’s media landscape. Companies, including the likes of Google and Apple, are positioning themselves to capture and develop potential revenue opportunities from this market over the coming decade. Omdia’s research further reveals that over 900 million connected cars will be on the road at the start of the next decade, eclipsing the installed base of popular consumer devices such as pay-TV set-top boxes and tablets.
Read MoreWorldwide IT spending is projected to total $4.7 trillion in 2023, an increase of 4.3% from 2022, according to the latest forecast by Gartner, Inc. As CIOs continue to lose the competition for IT talent, they are shifting spending to technologies that enable automation and efficiency to drive growth at scale with fewer employees. IT projects are shifting from focusing on external-facing deliverables, such as revenue and customer experience, to more inward-facing efforts focused on optimization.
Read MoreNew research indicates that area demand for OLED displays will grow by 11.0% CAGR from 2022 to 2030. Major brands are gradually adopting OLED panels in their premium lineups across TVs, mobile phones, and the wider consumer electronic range, such as notebooks and tablets. According to Omdia, the OLED market share in the smartphone display market increased rapidly from 30% in 2020 to 42% in 2022, with its share expected to rise steadily in the future.
Read MoreThe worldwide IaaS market grew 29.7% in 2022, to total $120.3 billion, up from $92.8 billion in 2021. Cloud has been elevated from a technology disruptor to a business disruptor, with IaaS driving software-as-a-service (SaaS) and platform-as-a-service (PaaS) growth as buyers continue to add more applications to the cloud and modernize existing ones.
Read MoreGenerative AI (genAI) will begin to deliver significant ROI for most enterprises in the next two to four years. To fully benefit from genAI applications, firms must navigate its risks, including trustworthiness, evolving regulations, and potential intellectual property complications. GenAI remains a top investment despite risks due to its breadth of broad impact and ability to accelerate many other emerging technologies, including autonomous workplace assistants and conversational AI.
Read MoreWorldwide revenue for the public cloud services market totaled $545.8 billion in 2022, an increase of 22.9% over 2021. SaaS applications remained the largest public cloud services revenue source, accounting for more than 45% of the total in 2022. IaaS was the second largest revenue category, with 21.2% of the total. In comparison, PaaS and Software as a Service – System Infrastructure Software (SaaS – SIS) delivered 17.0% and 16.7% of overall revenue, respectively, according to new data from IDC.
Read MoreNew research from Omdia has found that 51% of leading CSOs already use video surveillance systems for facility safety applications. This response rate increased to 89% when CSOs were asked whether they expected to use video surveillance for this application in three years. 49% of respondents stated that their video surveillance system currently supports people safety functionality.
Read More“The ‘Early Majority’ tech adopters with a simple smart home now make up the market's largest segment,” said Elizabeth Parks, President and CMO of Parks Associates. “The profile of the smart home adopter looks different in 2022. The Super User (10+ devices) who buys technology immediately and tends to own five or more smart home devices is no longer the center of the story. A shift toward mass market may finally be underway.”
Read MoreThough significant progress has been made on boardroom awareness and acceptance of the sustainability agenda, capacity challenges and a self-declared lack of expertise at the board level have revealed a gap between intentions and prioritization of the environmental, social, and governance (ESG) agenda.
Read More79% of corporate strategists say technologies such as analytics, AI, and automation will be critical to success over the next two years. Strategists said that, on average, 50% of strategic planning and execution activities could be partially or fully automated; currently, only 15% are. Leveraging analytics and AI for more efficient, insightful strategy decisions is one of the biggest challenges and opportunities corporate strategists face this year.
Read MoreNew research from Omdia reveals that the semiconductor market declined in revenue for a fifth straight quarter in the first quarter of 2023. This is the longest recorded period of decline since Omdia began tracking the market in 2002. Revenue in 1Q23 settled at $120.5B, down 9% from 4Q22. The semiconductor market is cyclical, and this prolonged decline follows the upsurge as the market grew to record revenues in each quarter between 4Q20 through 4Q21 following increased demand from the global pandemic.
Read MoreDecreasing costs and lower capital outlays have enabled several new Small Satellite operators to enter the satellite IoT market with low-cost and low-power satellite connectivity offerings. These new entities seek to challenge traditional satellite IoT incumbents to provide a more cost-effective solution for end customers. According to ABI Research, total satellite IoT connections will increase from 10.4 million in 2022 to 27.0 million in 2030, with satellite IoT connection revenue growing from US$2.2 billion to US$7.8 billion.
Read MoreRide-hailing behemoth Didi Global recently announced it was partnering with Chinese new energy vehicle manufacturers to develop robotaxis to deploy by 2025. The move away from personal transport, paralleled by the intensifying thrust on integrated, multimodal, and sustainable transport networks, is providing a fillip to the shared mobility market. Such seismic shifts are underpinned by evolving customer expectations and a raft of enabling technologies, with total GMV from the shared mobility market set to exceed $1 trillion in 2023.
Read MoreRising competition from OTT streaming service providers, rapidly changing consumer expectations, and the introduction of disruptive emerging technologies are converging to transform the broadcast sector. Consequently, leaders in the industry are accelerating efforts to modernize investments in production and information technology to support new workflows and operations that will enhance their market positions, according to Eric Deniau, senior vice president of research and development at VITEC, in a podcast interview for journalists.
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