Eighty-two percent of Gartner’s survey respondents agreed that they had a management initiative or transformation program underway to make their companies more digital — that’s up from 62 percent in 2018.
Mobile and online (digital) money transfer offerings will continue to transform the market. New technologies, such as blockchain, will further accelerate the trend.
For the entire year, worldwide IT services revenues crossed the $1 trillion mark in 2018. Annual growth accelerated slightly to 4.3 percent. This largely reflects overall healthy corporate IT spending sustained by large enterprises’ cautious yet optimistic business outlook.
Various governments have started initiatives to transform their cities into a smart city. According to TMR, with the adaptation of digital technology on a street level, street lights are experiencing a makeover and are being revamped into ‘smart’ street lights.
Greater market volatility, geopolitical tensions between the U.S. and China, Brexit anxiety in Europe, and economic headwinds precipitated a slowdown in M&A activity. Only 3,558 transactions worth $801.5B were registered in 1Q19, a 15% decrease compared to 1Q18 (5,085 deals worth $943.5B).
Worldwide shipments of connected vehicles will reach 51.1 million units in 2019 — that’s an increase of 45.4% over 2018. By 2023, worldwide shipments are forecast to reach 76.3 million units with a five-year CAGR of 16.8%.