The study, polling 160 senior decision-makers within manufacturing companies, identifies the areas in which manufacturers can maximise growth.

AVEVA has announced that it has been positioned in the Leaders Category in the IDC MarketScape: Worldwide Process Manufacturing Execution System 2023 Vendor Assessment.

According to IDC, AR/VR headset shipments will slow in Q1 2023 as the market awaits wide availability of next-generation headsets.

Huawei Cloud Stack has been ranked No. 1 in China's self-built dedicated financial cloud infrastructure market for the fifth year running.

As demand tapered, retailers continued to offer aggressive promotions to reduce the growing inventory. Vendors also incentivised channel to take on more stock.

The decline was due to the decline in consumer demand, growing inflation concerns, and excess inventory levels.

European ICT spending will remain resilient in 2023, with channel partners taking around one-third of the total market through 2026, says IDC.

The survey revealed that as enterprises gain experience in their early applications of EDA, they recognise other areas of their business in which EDA could be beneficial.

Organisations in the public cloud ecosystem and beyond will benefit from greater revenues, job opportunities and better business outcomes.

From data-driven decisions to fully automated and self-healing networks, AI developments are accelerating innovation and driving costs of operation down. 

"The most significant impact remains concentrated in consumer markets with consumer IT spending now forecast to decline by 2% this year."

IDC projects that the total worldwide PICaaS market will grow from $22.3 billion in 2021 to $103.1 billion in 2027 with a CAGR or 27.9% over the 2022-2027 forecast period.

"Smart TVs will likely face another year of decline in 2023 due to macroeconomic pressures and long replacement cycles."

IDC has released new research showing that the current geopolitical situation is driving Europe's increased security spend.

After the market's first-ever contraction in 2022, global shipments of wearables are to reach 442.7 million devices this year, growing 6.3% year over year.

According to IDC, more than 60% of respondents believe that observability solutions serve narrow requirements and fail to provide a complete view of current operating conditions.

Declining demand and challenging macro-economic conditions have caused IDC to further lower its forecast for the worldwide PC and tablet markets.

Real market recovery is not expected to occur until 2024, when IDC expects 5.9% year-over-year growth followed by low single-digit growth.

"We saw some normal ebbs in threat activity over the year, but the surges were stunning, delivering a volume of attacks weve never seen before."

IDC notes comprehensive product roadmap, exceptional customer support, and a feature-rich solution as key strengths of Oracle Cloud EPM.

IDC says that the full-year market size neared the level ten years ago when two out of five mobile phone shipments were still feature phones.

"IDC expects data sovereignty and industry compliance considerations to be of increasing importance to decisions about IT architectures."

Worldwide smartphone shipments fell 18.3% y-o-y to 300.3 million units in the 4th quarter of 2022, according to IDC Worldwide Quarterly Mobile Phone Tracker.

IDC forecast shows worldwide LCNCIDT revenue growing to US$21 billion in 2026 with a five-year compound annual growth rate (CAGR) of 17.8% from 2021-2026.