Leasing companies are consolidating to gain market share and expand their offerings. The global vehicle leasing market is expected to reach $202.5 billion in 2023, with operational leasing contributing 60% of total revenue. The corporate leasing segment is set to revive, and the private leasing segment is expected to bounce back, despite competition from new mobility solutions.
Read MoreWorldwide end-user spending on public cloud services is forecast to grow 20.4% to total $678.8 billion in 2024, up from $563.6 billion in 2023. Cloud has become essentially indispensable. However, that doesn’t mean cloud innovation can stop or even slow. The tables are turning for cloud providers as cloud models no longer drive business outcomes, but rather, business outcomes shape cloud models. For example, organizations deploying GenAI services will look to the public cloud, given the scale of the infrastructure required.
Read MoreThe True MicroLED display market for pro AV and consumer televisions is set to skyrocket. According to a newly released report from Futuresource Consulting, it will accelerate from just $24.0M in 2023 to reach annual revenues of $26.2B in 2032, despite expected aggressive price erosion. The report also notes the market will break the $1B barrier in 2027 and will continue to generate a cumulative $63B market within the first ten years. The route to progress is not without its obstacles.
Read MoreItaly and France are considering new incentive schemes to protect domestic EV production and counter the cost advantage of cheaper Chinese EVs. Chinese automakers are expanding globally with technology improvements, quality enhancements, integrated value chains, and targeted sales strategies. The demand for conventional ICE vehicles and premium EVs is driving Chinese automakers to increase their global footprint, with Frost & Sullivan predicting exports to grow from 2.3 million to 5.3 million units by 2030.
Read MoreInternational Data Corporation (IDC) today presented its worldwide artificial intelligence (AI), GenAI, and automation predictions for 2024 and beyond. The predictions were presented by Ritu Jyoti in an IDC FutureScape webinar, which is available for on-demand replay.
IDC presented its worldwide AI, GenAI, and automation predictions for 2024 and beyond. The GPT-3.5 series from OpenAI has triggered a surge in generative AI investment. IDC expects worldwide spending on AI solutions to exceed $500 billion in 2027, leading to a significant shift in tech investments towards AI implementation and adoption of AI-enhanced products/services.
Read MoreAccording to a new survey, CFOs are under increased pressure to implement and report on ESG programs across their organizations. The survey finds 60% of finance leaders indicated a substantial increase in the frequency and focus of their reporting related to ESG issues. Compared to last year, ESG metrics and measurement have become a top priority for CFOs in 2023 — up from its 11th position ranking in 2022. The survey also reveals 57% of publicly held and 40% of privately held companies have included measuring and reporting ESG risks and issues as part of their finance team’s responsibilities over the past year.
Read MoreFor the second consecutive quarter, a survey conducted by Gartner, Inc. revealed that dependence on a specific cloud provider for multiple business capabilities is one of the top five emerging risks for organizations. “The risk associated with cloud concentration is fast losing its ‘emerging’ status as it is becoming a widely recognized risk for most enterprises,” said Ran Xu, director, research in the Gartner Legal Risk & Compliance Practice. “Many organizations are now in a position where they would face severe disruption in the event of the failure of a single provider.”
Read MoreFollowing a decade of cord-cutting, that has seen pay-TV subscribers churning to paid online video services, Omdia expects 2024 to bring a new stage of market evolution, with users of paid online video services moving to free online video.
Omdia is tracking several market developments that are driving this pay-to-free (P2F) trend. The clampdown on password sharing by streamers, for example, has created a welcome subscription boost for them. But Omdia sees this as a short-term phenomenon, with that segment of the streaming customer base vulnerable to P2F churn in 2024, particularly as industry strikes and the cutting back on programming budgets will start to affect content quality.
Read MoreDrivers and passengers expect high-quality audio in their cars - and those expectations are growing. Many automotive companies now use audio to differentiate themselves and promote branded audio. As the automotive audio system market continues to gain traction, it is expected to generate $25B by the end of 2023 and rising to $29B by 2027.
Read MoreThe ability to ensure high-quality images, regardless of network conditions in a theatre of operations, has emerged as a critical success factor for Intelligence, Surveillance and Reconnaissance (ISR) activities that depend on video-based intelligence to establish situational awareness and support effective decision-making. This is because missions are rarely executed in controlled laboratory environments. Quite the opposite, says Mark Rushton, global defence and security lead at VITEC, a leader in the Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR) technology community.
Read MoreForrester predicts that by 2024, 60% of those who are skeptical about generative AI will end up using and appreciating the technology, without even realizing it. Consumers who are skeptical of genAI will eventually adopt it for tasks that can boost their creativity and productivity, such as seeking help from conversational assistants, summarizing and translating content. Furthermore, the investment in genAI by business, technology, and marketing leaders in the coming year will increase employees' creative problem-solving time by up to 50%, driving customer-centric innovation and creating greater business value.
Read MoreDespite the rise and fall of hype surrounding NFTs, a new study shows that businesses see benefits of NFTs and continue to apply them. The repor found that the global adoption of NFTs has been relatively constant since June 2022, emphasizing that mass adoption is not over, but rather will take time to unfold. Although there are challenges that may slow adoption speeds, NFTs do pose the potential to build community engagement, and revolutionize the way companies interact with their customers
Read MoreWorldwide IT spending is projected to total $5.1 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. While generative AI (GenAI) has not yet had a material impact on IT spending, investment in AI more broadly is supporting overall IT spending growth. In 2023 and 2024, very little IT spending will be tied to GenAI, but organizations are continuing to invest in AI and automation to increase operational efficiency and bridge IT talent gaps.
Read MoreAs the scale of emerging technology risks facing companies continue to multiply, IT auditors play a key role in identifying these threats and helping their organizations to navigate them. A new survey conducted by Protiviti and The Institute of Internal Auditors (IIA) reveals which risks are keeping IT auditors up at night.
Read MoreFive 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.
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