2019 Total Worldwide IT Spending will Reach $3.7 Trillion
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.
Retail Analytics Market will Reach $24 Billion by 2027
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.
Global Trend: The Rise of Open-Source Computing
“It has been a striking success. Open-source software runs more than half the world’s websites and, in the form of Android, more than 80% of its smartphones.”
via The Economist
Agile ERP: How to Become a Top Performer
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.
via McKinsey
Enterprise Software Revenue will Exceed $1 Trillion
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.
via Forrester
Secure Digital Identity in a Global Networked Economy
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.
Insurtech AI will Advance Robotic Process Automation
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.
The Global Software Developer Community of 24 Million
The current worldwide population of professional developers is projected to grow from 23.9 million today to 28.7 million in 2024. This study shows strong growth in the Asia Pacific and Latin America regions.
via Evans Data
Software-as-a-Service Market Will Reach $100 Billion
In Q1 the enterprise SaaS market generated well over $23 billion of revenue for software vendors and will reach a $100 billion annual run rate in the current quarter. The market continues to grow at almost 30% per year.
How AI will Challenge Enterprise Cybersecurity Defenses
“AI-powered attacks will outpace human response teams and outwit current legacy-based defenses; therefore, the mutually-dependent partnership of human and AI will be the bedrock of defense strategies in the future.”
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