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.
More than 70% of survey respondents rate digital twins as an important strategic initiative. By 2023, 65% of global manufacturers will have realized savings of 10% in operational expenses. This comes from digital twins driven by IoT and machine learning.
Financial-technology companies are changing the face of finance. Over the past ten years, disruption in the payments space has expanded to every corner of finance. Even areas once assumed to be safe are seeing new entrants and competitive threats.
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).
Server virtualization was one of the key steps toward further IT infrastructure abstraction. Every enterprise CIO and CTO knows that managing a server farm is problematic. That’s why the quest for container and serverless platforms is driving more organizations to reassess their data center.
“Identifying and sizing the potential scope of innovations now in the pipeline is inherently difficult, but we estimate that these technologies could reduce the burden of disease by a further 6 to 10 percent, assuming aspirational yet realistic adoption rates by 2040 — on top of the 40 percent from known interventions.”
According to a market study of cloud container usage, “about 28% of respondents say their organizations have been using microservices for at least three years; more than three-fifths (61%) of the respondents have been using microservices for a year or more.”
“As a data-driven culture is more a factor of influence than of control, spread the word about how data and analytics can help drive business results across business units. Data and analytics is not a technology implementation — it is a change management initiative.”
“Software code now lies behind virtually every business. It is the lubricant of the tech growth engine. And what an engine! Every single day 2.5 quintillion bytes of data is generated globally. Ninety percent of the data in the world has been created in the last two years. There is more and it is coming quicker than ever before.”
The cloud migration services market size was valued at $88.46 billion in 2019, and is projected to reach $515.83 billion by 2027, growing at a CAGR of 24.8% from 2020 to 2027. Software development projects are driving the growth of this global market.
via Allied Research