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Security Software Revenue will Reach $7B in Western Europe

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The security software market in Western Europe will reach $7 billion by 2020. The market passed the $5 billion mark in 2015 (the latest full year on record). These characteristics provide an opportunity to consider what has taken the market this far, and what will spur future growth.

Source: IDC

Public Cloud Services Market will Reach $236 Billion in 2020

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Public cloud services are the biggest disruption in the tech market in the past 15 years — and adoption is accelerating. Revenue from public cloud platforms, business services and SaaS will grow at a 22% CAGR reaching $236 billion, which is 23% higher than the previous forecast.

Source: Forrester

How Video PaaS Apps will Transform Business Workflow

business video market research

Video Platform as a Service (PaaS) makes it easy for developers to embed real-time video into mobile apps, Web sites, or business processes. With the potential to enable millions of niche apps, the U.S. video PaaS market will grow from $60M in 2016 to $1.7B in 2020.

Source: IDC

Global Cloud Collaboration Market Dominated by Americas

cloud collaboration market research

Technavio analysts predict the global market for cloud collaboration to grow at a CAGR of around 11% between 2016 and 2020. The growth is accredited to the adoption of virtualized communication systems. Virtualization helps address running voice and video in data centers.

Source: Technavio

Information Security Spending will Reach $81.6 Billion in 2016

security software market research

The ongoing threat of cyber attacks on enterprise IT environments is driving new security-related investments. Worldwide spending on information security products and services will reach $81.6 billion in 2016 — that’s an increase of 7.9 percent over 2015, according to Gartner.

Source: Digital Lifescapes

Smartwatch Market Reaches the Pivotal Stage of Growth

global smart watch market research

Smartwatch vendors shipped 3.5 million units in the second quarter of 2016 (2Q16), which was down substantially from the 5.1 million shipped a year ago. Apple held the top rank by shipping 1.6 million watches. However, it was the only vendor among the top five to experience an annual decline in shipments.

Source: Digital Lifescapes

Shift to Cloud Affects More Than $1 Trillion in IT Spending

global cloud computing market research

More than $1 trillion in IT spending will be directly or indirectly affected by the shift to cloud during the next five years, according to Gartner. This will make cloud computing one of the most disruptive forces of IT spending since the early days of the digital age.

Source: Gartner