Tag Archive | professional services

AI Developers Drive New Demand for IT Vendor Services

AI Developers Drive New Demand for IT Vendor Services

Spending on AI systems will reach $97.9 billion in 2023 — that’s more than two and a half times the $37.5 billion that will be spent in 2019. The compound annual growth rate (CAGR) for AI in the 2018-2023 forecast period will be 28.4 percent.

via Digital Lifescapes

ICT Revenue Growth will Reach $4.8 Trillion in 2023

ICT Revenue Growth will Reach $4.8 Trillion in 2023

Information and communication technology (ICT ) spending on hardware, software, services, and telecommunications will achieve a compound annual growth rate (CAGR) of 3.8 percent over the 2019-2023 forecast period, reaching $4.8 trillion in 2023.

via Digital Lifescapes

Cloud Services Change Demand for Outsourcing

Cloud Services Change Demand for Outsourcing

The global sourcing market is expanding due to the growing demand for cloud-based as-a-service solutions and other digital transformation services, even as the number of billion-dollar deals continues to decline.

via ISG

Worldwide IT Services Revenue Exceeded $1 Trillion

Worldwide IT Services Revenue Exceeded $1 Trillion

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.

via Digital Lifescapes

Big Data Analytics Revenue will Reach $274.3 Billion

Big Data Analytics Revenue will Reach $274.3 Billion

Digital transformation is a key driver of BDA spending with executive-level initiatives resulting in deep assessments of current business practices and demands for better, faster, and more comprehensive access to data and related analytics and insights,” said Dan Vesset, group vice president at IDC.

via Digital Lifescapes

Why Legacy IT Vendors Seek Cloud Niche Viability

Why Legacy IT Vendors Seek Cloud Niche Viability

The worldwide public cloud services market is projected to grow 17.5 percent in 2019 to total $214.3 billion — that’s up from $182.4 billion in 2018, according to the latest global market study by Gartner.

via Digital Lifescapes

Growing Demand for Proven AI Deployment Services

Growing Demand for Proven AI Deployment Services

Yes, organizations value artificial intelligence (AI) capabilities, however, they lack confidence in their team’s readiness for implementation — 53% of survey respondents say business users are unclear about what they expect. They need guidance.

via Tech Pro Research