According to the Forrester outlook, a weakening global economy will cause the worldwide technology market’s growth to slow from 5% in 2018 to 3.8% by 2020. However, the U.S. market is forecast at $1.46 trillion in 2019, that’s 6.3% growth.
Savvy CIOs and CTOs at innovative retailers and other progressive organizations are piloting and deploying new cognitive technologies that enhance their customer experience. This is an acceleration of the ongoing trend that’s very likely to transform legacy online support applications.
According to Juniper Research, mobile network operator revenues from international mobile roaming are expected to recover slightly, following a decline in 2017 after the introduction of RLAH (Roam Like at Home) in Europe and other markets.
Fintech solutions that incorporate distributed ledger technology continue to gain momentum. Worldwide spending on blockchain solutions is forecast to reach $2.9 billion in 2019 — that’s an increase of 88.7 percent from the $1.5 billion spent in 2018, according to the latest study by IDC.
“New data from Synergy Research Group shows that vendor revenues from Ethernet switch and router markets passed the $12 billion mark in the final quarter of 2018, achieving a new all-time high. For the full year vendor revenues were in excess of $44 billion, up 4% from 2017.”
More U.S. startup unicorns were born in Q4’18 than in any other financial quarter in history, capping off the best year on record. In 2018, 53 new companies hit a $1B+ unicorn valuation, up 83% from 2017 and 26% higher than the previous record in 2015.
via CB Insights