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

IT Converged Systems Revenue Reached $3.9 Billion

The public cloud market has shown renewed enterprise IT investment. Meanwhile, converged systems’ growth continues. Worldwide converged systems market revenue increased 4.5 percent year-over-year to $3.9 billion during the first quarter of 2020 (1Q20), according to the latest market study by International Data Corporation (IDC).

via Digital Lifescapes

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

Pandemic Creates Huge Demand for Artificial Intelligence

Medical-related industries have discovered their New Normal. The Coronavirus outbreak has proven that healthcare institutions can no longer ignore the role of Artificial Intelligence (AI) in their daily workflow. And, cognitive systems are essential components of their solutions to the current crisis.

via Digital Lifescapes

Why Savvy IT Vendors Provide ROI Business Cases

“Decision makers indicated that a business case was the most useful format to get information and content when making a technology purchasing decision. They want insight into how their peers are facing similar challenges and a clear demonstration of business value.”

via Forrester

Latest Analyst Predictions for Artificial Intelligence

Artificial intelligence (AI) has become integral to practically every segment of the technology industry. It’s having an impact on applications, development tools, computing platforms, database management systems, middleware, management and monitoring tools — almost everything in IT.

via Futurum

How Coronavirus Disruption Impacts the Tech Sector

“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.”

via WSJ

Growth Forecast for Global IT Spending in 2020

Worldwide IT spending is set to increase by 5% in constant currency this year as software and services investment remains stable while smartphone sales recover on the back of a 5G-driven upgrade cycle in the second half of the year. However, risks remain weighted to the downside as businesses keep a tight rein on short-term investments in the face of uncertainty around the impact of the Coronavirus outbreak.

via IDC

Deep Learning Chipset Market to Reach $35.2 Billion

Deep learning technology is driving advancements in artificial intelligence (AI). Deep learning chipsets are led by GPUs and CPUs. However, other chipset types, including application-specific integrated circuits and field programmable gate arrays, are expected to play an extended role.

via Transparency Research

Annual Demand Grows for High-Performance Computing

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