Global spending on artificial intelligence (AI) is forecast to double over the next four years, growing from $50.1 billion in 2020 to more than $110 billion in 2024. According to the International Data Corporation (IDC), spending on AI systems will accelerate over the next several years as organizations deploy artificial intelligence as part of their digital transformation efforts.
Read More“COVID-19, digital transformation, sudden facility shutdowns or an expansion into a new market – all of those incidents disrupt supply chain organizations. A strong culture of quality is critical during times of transformation,” said Bryan Klein, research director with the Gartner Supply Chain Practice.
Read MoreThe worldwide public cloud services market, including Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), grew 26.0% year over year in 2019 with revenues totaling $233.4 billion. Spending continued to consolidate in 2019 with the combined revenue of the top 5 public cloud service providers capturing more than one third of the worldwide total and growing 35% year over year.
Read MoreB2B CMOs are challenged by B2B buyers who are facing multiple layers of environmental uncertainty when they consider a major purchase, which is leading to delays or smaller deals, according to Gartner, Inc. In fact, a Gartner, Inc. survey revealed that 81% of B2B buyers already experienced moderate to high levels of environmental uncertainty, even before facing the coronavirus crisis and probable global recession.
Read MoreThe 30 must-watch technologies on the Gartner Inc. Hype Cycle for Emerging Technologies, 2020 include technologies that enable a composable enterprise, aspire to regain society's trust in technology, and alter the state of your brain.
Read MoreWorldwide spending on security products and services will see solid growth in 2020 as organizations invest in solutions to meet the needs of a much larger remote workforce and a wide range of security threats and requirements. Worldwide spending on security-related hardware, software, and services will be $125.2 billion in 2020, an increase of 6.0% over 2019. As the global economy recovers from the impact of COVID-19, worldwide security spending is set to reach $174.7 billion in 2024.
Read MoreThe worldwide market for artificial intelligence (AI) software will expand to $98.8 billion by 2025, rising by a factor of six from $16.4 billion in 2019, despite the varying effects of the COVID-19 pandemic across different industries, according to research from Omdia.
Read MoreWidespread home-based working will result in the elimination of billions of commuter journeys and a decline in office-based working environments of 22%, according to a new study by Strategy Analytics.
Read MoreWorldwide PC shipments totaled 64.8 million units in the second quarter of 2020 (2Q20), a 2.8% increase from the second quarter of 2019 (2Q19), according to preliminary results by Gartner. After a significant decline in the first quarter of the year (1Q20) due to COVID-19-related supply chain disruptions, the PC market returned to growth as vendors restocked their channels and mobile PC demand increased.
Read MoreThe global pro AV industry took a $20 billion hit thanks to the Covid-19 pandemic but will grow $56 billion from its 2019 peak by 2025, according to the latest research from AVIXA and Omdia. In its 2020 AV Industry Outlook and Trends Analysis (IOTA), industry association AVIXA in conjunction with Omdia, said the global market would not return to its 2019 peak of $259 billion until 2022.
Read More82% of company leaders intend to permit remote working some of the time as employees return to the workplace, as revealed by a Gartner survey of company leaders from HR, Legal and Compliance, Finance, and Real Estate departments. For many organizations with employees working both onsite and remotely, adapting to a new, more complex hybrid workforce is the challenge as how people work together to get their job done evolves.
Read MoreWorldwide IT spending is projected to decline by 7.3% from 2019 according to the latest forecast by Gartner, totaling just $3.5 trillion in 2020. While the global economy is expected to witness a ‘swoosh’ recovery, IT spending will experience more of a ‘swoop’ recovery.
Read MoreThe hospital capacity management solutions market is slated to reach a value of $99 million by the end of 2020 according to Future Market Insight's (FMI) recent report. Management solutions, such as real time location systems (RTLS) and cloud-based monitoring, help to increase hospitals’ operational efficiency. The demand for these technologies has increased drastically since the outbreak of COVID-19.
Read MoreDespite the COVID-19 pandemic, global sales of smart speakers in Q1 2020 reached $28.2 million units, an increase of 8.2% on Q1 2019, according to new research from Strategy Analytics. Amazon remained the leading brand with a share of 23.5%, up from 21.5% in the same period a year ago. Google retained second place with a 19.3% share, compared to 17.9% in Q1 2019.
Read MoreDue to rising environmental concerns and stringent regulations by governments (especially in the European region) Frost & Sullivan project a growing demand for a wide variety of goods made of technical ceramics. This increased demand should further propel innovation and research and development (R&D) efforts in the technical ceramics market.
Read MoreIn a new study published by the National Cancer Institute (NCI), a computer algorithm improved the accuracy and efficiency of cervical cancer screening compared with cytology (Pap test), the current standard for follow-up of women who test positive with primary human papillomavirus (HPV) screening. The new approach uses artificial intelligence (AI) to automate dual-stain evaluation and has clear implications for clinical care. The algorithm was developed and the study conducted by investigators at the NCI, part of the National Institutes of Health (NIH), in collaboration with researchers from several other institutions.
Read MoreStrategy Analytics predicts a strong recovery for the global Augmented Reality (AR) and Virtual Reality (VR) markets in 2021 after COVID-driven contraction in 2020. This recovery is expected to be spurred on by a 6 fold increase in XR (the combination of AR and VR) shipments, recent consumer-friendly innovations to AR headsets, and the adoption of smartphone-tethered VR.
Read MoreA recent analysis by Frost & Sullivan’s found that an average of 50% to 60% of pump original equipment manufacturers’ (OEMs’) revenue is expected to be generated from services-related activities, such as real-time monitoring and reliability services. This will result in the pump industry transitioning from a product-based to a service-based model in the wake of Industrial Internet of Things (IIoT) in this digitalization era. Global pump revenue is estimated to reach $46.92 billion by 2025 from approximately $38.34 billion in 2019.
Read MoreThe mobile augmented reality (AR) market is projected to have an impressive surge in growth prospects in the short-term and long-term forecast, reaching a valuation of $24 billion by 2030 as reported by a study from Future Market Insights (FMI).
Read MoreMore than 2,000 IT and line of business (LoB) decision makers confirms that adoption of artificial intelligence (AI) is growing worldwide, as shown by a recent survey conducted by the International Data Corporation (IDC). Over a quarter of all AI initiatives are already in production and more than one third are in advanced development stages, and organizations are reporting an increase in their AI spending this year.
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