The global smart home market size is expected to grow from $78.3 billion in 2020 to $135.3 billion by 2025 — that’s a CAGR of 11.6%. The growth is driven by increasing internet users, the income of people in developing economies, home monitoring in remote locations, and the need for energy-saving & low carbon emission solutions.
Estonia built one of the world’s most advanced digital society long before the COVID-19 pandemic, providing services such as electronic voting, online learning in schools and digital healthcare. Estonia’s success is about much more than technological innovation.
IT innovations, such as Big Data analysis, machine learning, artificial intelligence (AI), software analytics and cloud solutions — as well as the growing demand for sensors to capture and process data — have been significant drivers for the adoption of Digital Twin use cases.
“Open banking IT service providers can help banks build the capabilities they desire. To do so, they are investing in business advisory assets to help financial services firms plug the gaps in their business change management initiatives. They are also investing in Fintech partnerships, talent and solutions.”
via Everest Group
Developing an IoT business model and commercializing the solution is not simple but it can be a game-changer. In fact, 61% of new study participants claim that it allowed their company to achieve a competitive advantage compared to their competition.
via IoT Analytics
In Q1 2020 USB video conferencing systems accounted for 36% of the videoconference market revenues — that’s up from 21% a year ago. Meanwhile, the USB share of video rooms jumped to 41% — that’s up from 35% a year ago.
via Synergy Research
Open IT solutions are gaining momentum. Most savvy CIOs and CTOs already have plans to increase their applications for open-source software projects. While that software is an established component of on-premises enterprise data centers, the untapped opportunity is open IT hardware infrastructure.
“Delivering automation of indirect sales processes, workflows and partner programs, channel software is becoming increasingly critical to a brands’ ability to win, serve, and retain its customers and partners. It’s a fast-growing market, with 59% of companies increasing spending across the stack.”
Facial recognition has emerged as a powerful biometric technology. Revelations about its use in the public domain and by law enforcement have fueled discussion about ethical concerns and corresponding legislative efforts to ban or limit its use.