We now live in a world where constant connectivity surrounds all that we do, and computing technology has been transforming global supply chains. There are already 9 billion connected devices — by 2030 there will be 50 billion devices connected via the Internet of Things (IoT).
Global cyber threats have pushed IT security investments to new highs. Venture-backed companies in the U.S. that provide cyber security offerings raised $1.77 billion from investors in 2014, topping the previous high of $1.62 billion set in 2000. Globally, venture-backed IT security companies raised $1.9 billion last year, also a record.
The smart home machine-to-machine (M2M) market in the U.S. is expected to post a CAGR of 38.02% from 2015 to 2019. America consumes almost 30% of the world’s energy. Demand for new efficient energy solutions has increased significantly.
Infrastructure management software experienced license and maintenance revenue averages declining 3.5% and 1.7%, respectively. TBR believes this is proof of high-level shifts in the market, resulting in the erosion of proprietary software licensing — as more businesses adopt open source subscription models and cloud computing.