“Growing nationalistic sentiments sweeping various nations such as the U.S., Europe, and India, will add fuel to the sovereign cloud discussion. The Huawei ban in the U.S., the ban on Chinese apps in India, and reducing dependencies on China across sectors are indicators of emerging nationalistic sentiments.”
via Everest Group
China’s financial services industry is transforming at a rapid pace. Chinese policymakers have committed to opening domestic capital markets, which will create opportunities for Chinese individuals and investors as well as domestic and global financial institutions.
Within the United States and Canada, overall e-commerce orders have increased by 129% compared with last year. Similarly, the digital payments market is now expected to grow this year by 11% worldwide and as high 15.9% in places like China.
“Having reminded many companies of the vulnerabilities of global supply chains, both the pandemic and the trade war between the U.S. and China could lead companies towards a more domestic approach to production and sourcing, which might result in a sustained reduction of global trade.
Now people are able to get back to work, this infrastructure ensures economic resilience and lessens the impact of the pandemic. Smart supply chain and smart logistics will become indispensable to a functioning economy in the future.
“The outbreak of the COVID-19 epidemic has showcased the value of IT and Digital Transformation, and savvy leaders of forward-looking organizations will now accelerate the transition, according to the findings in two recent surveys of senior executives in China.”
“IDC said the coronavirus outbreak could exacerbate an expected decline in shipments of PCs. The research firm forecasts that worldwide PC shipments will fall 9% in 2020 from the previous year, compared with earlier projections of a 6.8% decline.”
Juniper now forecasts that over half of global revenue will be generated in China by 2024 — primarily owing to its increasing consumer affluence, and vast usage of Chinese social payments platforms such as WeChat Pay.
Global IT spending is projected to total $3.74 trillion in 2019 — that’s an increase of just 0.6 percent from 2018, according to the latest worldwide market study by Gartner. Note, this forecast is slightly down from the previous quarter’s forecast of 1.1 percent anticipated growth.
Many enterprises are now investing in technologies and services that enable the digital transformation (DX) of their business models, products and services. According to the latest market study by IDC, global DX spending will reach $1.18 trillion in 2019 — that’s an increase of 17.9 percent over 2018.