Global VR and AR Revenue will Reach $67 Billion

Global Virtual Reality (VR) and Augmented Reality (AR) revenue will grow from over $13 billion this year to more than $67 billion by 2024. Today’s AR/VR market is evolving beyond offering point solutions to specific problems, to becoming a fully functioning ecosystem.

via Digi-Capital

Discover the Top 10 IoT Applications in 2020

The 2020 analysis of Internet of Things application areas shows that of the 1,414 public enterprise IoT projects identified, Manufacturing / Industrial settings are most common (22%), followed by Transportation / Mobility (15%) and Energy IoT projects (14%).

via IoT Analytics

Three Business Scenarios for More IoT Applications

“We’ve just overhauled our framework for the Internet of Things to show how business and tech leaders can breakdown IoT into three fundamental scenarios, driven by three classes of stakeholders. All these scenarios revolve around physical things.”

via Forrester

Hybrid Cloud Solutions: The Very Best of Both Worlds

The reality today is that organizations are distributing application environments across on-premises data centers, public cloud or multiple public clouds, and edge locations. Organizations need solutions for their on-premises locations that deliver cloud-like agility, scale, and operational efficiency.

via ESG

Machine Learning Apps for Data and Analytics Use Cases

61% of data and analytics decision-makers adopting AI had implemented, were in the process of implementing, or were increasing their use of automation-focused machine-learning solutions — 25% plan to implement within the next year.

via Forrester

How 5G Tech Will Drive Industrial IoT Use Cases

With its potential to accelerate and augment the industrial internet of things (IIoT), 5G technology is poised for major growth in the industrial sector, with 5G IIoT connections forecasted to rise to nearly 140,000 units in 2023, up from only about 1,000 in 2021, according to Omdia.

via Omdia

Next-Gen App Platforms Embrace Digital Innovation

“Cloud-based application platforms are becoming the pacemakers in the software industry. Pure cloud platform providers such as Salesforce, Workday, and ServiceNow have been getting a lot of attention, and this will continue and even intensify.”

via PAC

As Cloud Service Adoption Matures, Expectations Rise

The worldwide public cloud services market is forecast to grow 17 percent in 2020 to total $266.4 billion — that’s up from $227.8 billion in 2019, according to Gartner. “At this point, cloud adoption is mainstream,” said Sid Nag, research vice president.

via Digital Lifescapes

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

Digital Twin Apps Revenue to Reach $9.4 Billion

Digital twins can simulate the capabilities of complex machines, and identify root causes of problems. The global market revenue for digital twins is forecast to reach $9.4 billion in 2025 — that’s up from $2.4 billion in 2018.

via Tractica