Over the last three years alone, more than 2,500 distributed ledger technology patents have been filed, $1.4 billion in venture capital investments have been made, and the leading blockchain consortium boasts 45 of the world’s largest financial institutions.
Source: World Economic Forum
IDC forecasts global revenues for the 3D printing market to reach $35.4 billion in 2020. This is more than double the $15.9 billion in revenues forecast for 2016, and represents a compound annual growth rate (CAGR) of 24.1 percent over the 2015-2020 forecast period.
More than 70% of business executives worldwide feel that if they take advantage of the Internet of Things (IoT), it will have a significant impact on business outcomes. However, according to research, over half also agree that there’s still confusion surrounding the concept.
The technology sector posted a year-over-year decline of 2.1% and a quarter-over-quarter decline of 6.8% in the first quarter of 2016. The Internet sub-sector remained the growth driver, despite currency volatility, reporting an 11% year-over-year growth.
After 7 percent growth in 2015, European technology spending will remain flat at €707 billion this year and grow by just 0.8 percent next year, according to the Forrester Research midyear forecast.
Source: Digital Lifescapes
ICT Facts & Figures 2016 shows that developing countries now account for the vast majority of Internet users, with 2.5 billion users compared with one billion in developed countries. But Internet penetration rates tell a different story, with 81% in developed countries, compared with 40% in developing countries and 15% in the Least Developed Countries.
While Magic Leap’s $794 million round took the headlines, that mammoth investment was only 40% of the total invested in the 12 months to June 2016. The remaining 60% went into Augmented and Virtual Reality video, hardware, solutions and services, games, apps, advertising/marketing, tech, distribution and peripherals.