IT spending growth is being driven by the rest of the world catching up on cloud spending. The U.S. is leading cloud services adoption and accounts for over half of global spending on cloud computing.
The global retail analytics market will reach a value of $24 billion by 2027 — expanding at a CAGR of ~19% from 2019 to 2027. Asia Pacific is anticipated to dominate the global retail analytics market and expand at a CAGR of ~24% during the forecast period.
Agile organizations have a 70% chance of being in the top quartile of organizational health, the best indicator of long-term performance. Moreover, such companies simultaneously achieve greater customer centricity, faster time to market, higher revenue growth, lower costs, and a more engaged workforce.
As global enterprise spending on software surpasses the $1 trillion mark in the coming decade, the growth rate of software spending will slow to 4% per annum from 7% historically. A buyers’ market for enterprise software will emerge.
According to Juniper Research, the applications of unique mobile identifier services, which provide secure digital identity verification through SIMs, will generate over $7 billion for mobile network operators in 2024. This estimate is up from an expected $859 million in 2019 — a growth rate of over 800 percent.
According to the latest worldwide market study by Juniper Research, insurers will spend $634 million on RPA solutions by 2024, rising from $184 million in 2019 — that’s a 245 percent increase over the next 5 years.