Five years of disruption marked by trade wars, the pandemic, geopolitical tensions, and severe supply bottlenecks have profoundly redrawn the map of where global companies manufacture and source goods. A new report released today by Boston Consulting Group (BCG), titled Harnessing the Tectonic Shifts in Global Manufacturing, underscores the magnitude of these shifts.
Read MoreThe downward spiral for PC shipments continued during the third quarter of 2023 (3Q23) as global volumes declined 7.6% year over year with 68.2 million PCs shipped, according to IDC. Though demand and the global economy remain subdued, PC shipments have increased in the last two quarters, slowing the annual decline rate and indicating that the market has moved past the bottom of the trough.
Read MoreAs pay-TV and over-the-top (OTT) streaming service providers fight to retain customers through a challenging economic cycle, effective content navigation strategies have emerged as the key to improving audience engagement to prevent subscriber churn, according to Dr. Mark Kokes, chief licensing officer for media at Adeia in an interview for journalists.
Read MoreThe demand for BYOD is set to increase as the pandemic demonstrated the true value for the wider education market. The benefits aren’t just confined to EdTech channel specialists, but schools and students too. Schools can provide their students with the benefit of a more personalized learning experience without impacting their ever-tighter IT budgets.
Read MoreA recent Gartner poll shows organizations are not just talking about generative AI but investing time, money and resources to move it forward and drive business outcomes. In fact, 55% of organizations reported increasing investment in genAI since it surged into the public domain ten months ago, and has now found a place on CEOs’ and boards’ agendas as they seek to take advantage of the transformative potential of this technology.
Read MoreSpending on compute and storage infrastructure products for cloud deployments increased 7.9% year over year in 2Q23 to $24.6 billion. Spending on cloud infrastructure continues to outgrow the non-cloud segment, with the latter declining 8.3% in 2Q23 to $14.4 billion. The cloud infrastructure segment experienced a decline of 23.2% in unit demand with an increase in average selling prices, mostly related to higher-than-usual GPU server shipments to hyperscalers.
Read MoreAccording to Forrester, at least a third of B2B buyers in North America and Europe, and over a quarter in Asia Pacific, prioritize price in their purchasing decisions due to macroeconomic headwinds. To simplify the buying process, providers should offer transparent pricing and demonstrate their offerings' ROI throughout the journey.
Read MoreTV sales remained weak during the first half of 2023 due to poor global macroeconomic conditions and out-of-sync product replacement cycles following unprecedented demand in major markets during 2020. Through the second half of 2023, Futuresource expects demand trends for TVs to remain sluggish as the economy continues to stabilize. A further drop in shipments of 4.1% during 2023 is anticipated, totalling 210.9 million units.
Read MoreWorldwide end-user spending on security and risk management is projected to total $215 billion in 2024, an increase of 14.3% from 2023, according to a new forecast from Gartner, Inc. 2023 global security and risk management end-user spending is estimated to reach $188.1 billion. The continuous adoption of cloud, continuous hybrid workforce, rapid emergence and use of GenAI, and the evolving regulatory environment are forcing SRM leaders to enhance their security and risk management spending,
Read MoreWorldwide revenues in the Unified Communications & Collaboration (UC&C) market grew 6.9% year over year and 2.4% sequentially to $15.9 billion in the second quarter of 2023 (2Q23), according to IDC. For 2023, worldwide UC&C revenue is forecast to grow 8.6% year over year to $64.7 billion. This represents an upward revision of roughly $500 million from the previous quarter's forecast. In volume terms, the worldwide UC&C market grew 11.4% year over year and 2.9% sequentially in 2Q23 to $620.7 million.
Read MoreRenewables and other low-carbon solutions must ramp up from 12% of the energy supply in 2021 to 50%-70% by 2050 to limit global warming to 1.5°C above preindustrial levels. This is around three times faster than previous transitions, for example, to coal and hydrocarbons. These are among the findings of a new publication released today by the Boston Consulting Group Center for Energy Impact, titled The Energy Transition Blueprint.
Read MoreAs organizations evaluate their technology modernization options, business technology leaders are wrestling with how to reconcile the economic and operational complexities associated with on-prem modernization, cloud migration and effective long-term digital transformation strategies. Among members of the CIO community, however, a consensus is likely emerging to recast – yet again – the role of information technology (IT) departments in organizations.
Read MoreThe first comparative research into the evolution of the vulnerability management market authored by Omdia has found that risk-based vulnerability management (RVBM) is set to encompass the entire vulnerability management market by 2027. Omdia’s comprehensive market analysis is the first report that provides a strategic overview of RBVM and its broader evolution within cybersecurity, which Omdia refers to as proactive security.
Read MoreBIA Advisory Services estimates the local broadcast TV industry in 2024 will generate $23.8 billion in advertising revenue, with $21.7 billion in over-the-air (OTA) revenue and $2.1 billion in digital television. This estimate indicates an 11 percent increase over 2023 for the television industry.
Read MoreBy 2028, 60% of B2B seller work will be executed through conversational user interfaces via generative AI sales technologies, up from less than 5% in 2023, according to Gartner, Inc. “Sales operations leaders and their technology teams must prepare for the convergence of new forms of artificial intelligence, dynamic process automation and reinvented deal-planning activities that will transform the sales function,” said Adnan Zijadic, Director Analyst in the Gartner Sales Practice.
Read MoreEsports has come a long way from its reputation as being a niche hobby for teenagers. In recent years, esports has rocketed into a multi-billion-dollar opportunity, spanning multiple industries and garnering audiences on a global scale. From 2019 to 2020, revenues grew by 5%, and the following year, they jumped by another 17%. Sponsors and publishers are ramping up their contributions, and Futuresource expects to see a positive outlook for the industry over the next five years.
Read MoreIf extended reality (XR) offerings – including virtual reality (VR), augmented reality (VR) and mixed reality (MR) – are to realize their full market potential, the organizations participating in this complex sector would benefit to double down on efforts to establish industry-wide open technical specifications and business conventions to integrate operations across the entire ecosystem.
As it stands today, the outlook for this market is already bright. According to new research by global technology intelligence firm ABI Research, nearly 40 million AR smart glasses will ship by 2027. The total augmented and mixed reality market will surpass $220 billion in the same year.
The fourteenth annual Sarbanes-Oxley Compliance Survey finds that 74% of organizations seek opportunities to further enable automation, while 58% reported increased hours spent on compliance in the last year. Companies are prioritizing investments in automation and broader enabling technologies, such as artificial intelligence (AI) and machine learning (ML) to support SOX compliance activities. These technologies help counteract pressure from the PCAOB and external auditors to increase scope and procedures. The SEC’s recently adopted rules related to cybersecurity disclosures and highly anticipated climate disclosure rules only increase the potential for expanded scope.
Read MoreAs the enterprise technology community continues to assess the impact of disruptive innovations – including generative artificial intelligence (GenAI) – on business transformation initiatives, sustained success will depend on the ability of senior decision-makers to maintain a disciplined focus on business value creation and strategic risk reduction in this economy.
It is a directive that is easier said than done as the imperatives to keep up with the latest technological innovations compete with the need to move forward prudently – especially for those operating in highly regulated industries. Establishing strategic frameworks that enable rapid but controlled adoption of new technologies will emerge as the key to navigating a business and technology environment that will likely remain in constant flux.
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