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Worldwide UC&C Revenues Grew 6.9% in Q2 2023 — IDC

Worldwide 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.

Emerging MarketsStaff ReportsSeptember 28, 2023idc, IDC Tracker, UC&C, CPaaS

IDC's Forecast for Worldwide IT Spending in 2023 Continues to Slowly Trend Downward

For the fifth consecutive month, IDC has lowered its 2023 forecast for worldwide IT spending as technology investments continue to show the impact of a weakening economy. IDC projects overall growth this year in constant currency of 4.4% to $3.25 trillion. This is slightly down from 4.5% in the previous month's forecast and represents a swing from a 6.0% growth forecast in October 2022.

Most PopularStaff ReportsApril 5, 2023idc

Holiday Quarter Woes Contribute to a Full-Year Decline in Shipments of Wearable Devices, According to IDC

Global shipments of wearable devices declined 18.9% year over year in the fourth quarter of 2022 (4Q22) to 138.7 million units, according to new data. Shipments for the full year 2022 were down 7.7% compared to 2021, marking the first year of decline for the category due to challenging macroeconomic conditions and difficult comparisons to the strong results of 2021.

Emerging MarketsStaff ReportsMarch 7, 2023idc

New IDC Forecast for Public Cloud Infrastructure (IaaS) and Platform as a Service (PaaS) Workloads Puts Worldwide Revenue at $400 Billion in 2025

International Data Corporation (IDC) recently published a new forecast for the Worldwide Public Cloud Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) markets, which includes revenue segmentation across IDC's 18 enterprise workload categories. The combined Public Cloud IaaS and PaaS market is forecast to have revenues of $400 billion in 2025 with a compound annual growth rate (CAGR) of 28.8% during the 2021-2025 forecast period.

Future of WorkMelissa FisherAugust 9, 2021idc, IaaS, PaaS, public cloud, IT Infrastructure

Laying an Enterprise Information Management Foundation for SAP Migration and/or Modernization

Large organizations that have deployed SAP to underpin their most strategic operations are in the process of evaluating how this critical enterprise application will support accelerated technology modernization and business transformation initiatives. With the expiration date for support for ECC 6.0 now set for 2027, many executives have elected to pull the trigger on moving to S/4HANA, according to analysts at IDC.

Editor's PickLane CooperAugust 5, 2021OpenText, idc, SAP, S/4 HANA, Enterprise architecture

Building Creative and Innovative Workplaces for Today’s Hybrid Workforce

According to IDC, over 40% of the global population turned to remote work models in 2020. With the ebb and flow of the global pandemic in 2021, hybrid work models are enabling some people to return to on-site work while others continue to work remotely or move between remote and on-site work.

Editor's PickLane CooperAugust 3, 2021idc, Adobe, Hybrid environments, Work from home, workforce performance

AI/ML to be The Most Critical Technology Skill that Indian Organizations Plan to Acquire in the Next Six Months, Finds IDC

A new IDC report provides an overview of Indian organizations’ skill development plans in the near future. This report provides insights into organizations' skill development goals, the importance of technology skills in digital transformation goals, the overall business impact arising from lack of skills, how organizations plan to acquire or develop critical skills within their businesses in the next six months.

Future of WorkMelissa FisherJuly 16, 2021idc, ML, AI, future of work, IT Spending, Digital transformation

The Dedicated Cloud Infrastructure-as-a-Service Market Will Grow More Than 100x Over the Next Five Years, According to IDC

Digital transformation (DX) is one of the trends shaping the enterprise world and driving the investments organizations are making to modernize their IT infrastructures and processes. Migration to service-based IT is one of the significant elements of DX initiatives as it enables organizations to utilize IT more efficiently for achieving business goals, pursuing new opportunities, and enhancing customer experience.

New IDC Spending Guide Sees Strong Growth in Blockchain Solutions Leading to $15.9 Billion Market in 2023

Worldwide spending on blockchain solutions is forecast to be nearly $15.9 billion in 2023, according to a new update to the Worldwide Semiannual Blockchain Spending Guide from International Data Corporation (IDC). IDC expects blockchain spending to grow at a robust pace throughout the 2018-2023 forecast period with a five-year compound annual growth rate (CAGR) of 60.2%. Blockchain spending in 2019 is forecast to be $2.7 billion, an increase of 80% over 2018.

Airrion AndrewsAugust 13, 2019enterpris, idc, blockchain, banking

Technologies Enabling Smart Cities in Asia/Pacific to Reach $28.3 Billion in 2018: IDC

The market for the technologies that enable Smart Cities initiatives in Asia/Pacific (excluding Japan) is expected to reach $28.3 billion in 2018, according to the first-ever IDC Worldwide Semiannual Smart Cities Spending Guide. As these initiatives gain traction, IDC expects spending to accelerate over the 2016-2021 forecast period, reaching to $45.3 billion in 2021.