From 2018 onwards, streaming music growth will lessen each year, falling from 29% in 2018 to 7% in 2026. The slowdown in revenue growth reflects the maturation of developed streaming markets such as the US, UK, Sweden, Netherlands and Australia.
via Media Research
The European Union and the United States combined for 51.5% of global productivity in 1980, but they now account for 31% of the total economic mix. Similarly, Latin America and MENA regions are seeing similar decreases in their share of the economic pie.
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.