2019 was the year that high-performance computing (HPC) in the cloud hit a tipping point. Cloud spending for HPC work is projected to jump from just under $2.5 billion in 2018 to approximately $4 billion by the end of 2019 — that’s a 60 percent jump.
via Next Platform
Increasing computer power and big data for learning will drive the global artificial intelligence hardware market – with a compound annual growth rate (CAGR) of 30.6% through 2024, when it could be worth $54.9 billion.
via BCC Research
Here are 10 IT infrastructure trends that executives must consider next year. Enterprises need to choose the optimal hardware, software and services that will reduce spending, maximize ROI, increase revenue, and drive innovation.
“ABI Research has forecast that revenues from these (artificial intelligence) chipset shipments will increase significantly in the next five years — from $4.2 billion in 2019 to $10 billion in 2024.”
According to the latest worldwide market study by Juniper Research, the cost of data breaches will rise from $3 trillion each year to over $5 trillion in 2024 — that’s an average annual growth rate of 11 percent.
Ongoing investment in cybersecurity solutions continues to grow. The worldwide cybersecurity market reached $9.7 billion in terms of shipments in the latest quarter — that’s up 14.2 percent from $8.5 billion in Q1 2018.