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Cloud IT Infrastructure Market to Reach $52.3 Billion in 2018

Cloud IT Infrastructure Market to Reach $52.3B in 2018

Cloud service adoption continues to grow, as traditional IT vendors react to market demand. Total spending on IT infrastructure products for deployment in cloud environments is forecast to reach $52.3 billion in 2018 — that’s year-over-year growth of 10.9 percent, according to the latest worldwide market study by IDC.

via Digital Lifescapes

Cybersecurity Solution Spending will Reach $134 Billion

Cybersecurity Solution Spending will Reach $134 Billion

The online security market is expanding globally, and for good reason. The dramatic increase in connected devices has created a huge attack surface for cyber criminals. Whether their motive is mischief, or theft, the impacts can be far-reaching and very costly.

via Digital Lifescapes

Enterprise IT Investment is Driven by C-Level Strategy

Enterprise IT Investment is Driven by C-Level Strategy

Worldwide IT spending is projected to total $3.7 trillion in 2018 — that’s an increase of 6.2 percent from 2017, according to the latest market study by Gartner. Senior executives and line of business leaders continue to drive many of the strategic IT procurement decisions.

via Digital Lifescapes

More Line of Business Leaders Drive Digital Transformation

Line of Business Leaders Drive Digital Transformation

In every industry, businesses are undergoing digital transformation, resulting in new business processes and, in some cases, new business models. Another change accompanying digital transformation is the shift in technology spending from IT to the line of business (LOB).

via IDC

Converged Systems Revenue Reached $12.5 Billion

Converged Systems Revenue Reached $12.5 Billion

Worldwide converged systems market revenue increased 9.1 percent year-over -year to $3.6 billion during the fourth quarter of 2017 (4Q17), according to the latest market study by International Data Corporation (IDC).

via Digital Lifescapes

Augmented and Virtual Reality Startups Raise $3.6 Billion

Augmented and Virtual Reality Startups Raise $3.6 Billion

Augmented and Virtual Reality startups raised a record over $3.6 billion from VCs and corporates in the last 12 months to the end of Q1 2018. Over three-quarters of a billion dollars was invested in the first 3 months of this year alone.

via Digi-Capital

Global IT Services Contract Value Declined in 2017

Global IT Services Contract Value Declined in 2017

IT services deals experienced a steep decline in 2017, both in terms of the number of deals and total contract value (TCV), compared to both 2016 and 2015. While the TCV witnessed a significant annual decline of 33.3% in 2017 to reach a value of $61.4 billion, the number of deals announced (4,099) saw a considerable decrease of 25.6% in 2017.

via GlobalData