Market analyst stories
NICE named market leader for CX Analytics solution
NICE has been recognised as the overall leader by Quadrant Knowledge Solutions in the 2023 SPARK Matrix for Speech Analytics report.
Tablet shipments down 29.9% as demand continues to weaken
Demand for tablets continued to be weak in the quarter and most of the top vendors recorded double-digit declines as consumer confidence and purchasing power remained low.
Demand for advanced surgical monitors continues to rise - FMI
The market for surgical monitor is anticipated to be driven by the increasing geriatric population and increasing prevalence of chronic disorders leading to surgeries.
Generative AI frenzy continues as investment conversations deepen
"Organisations are scrambling to determine how much cash to pour into generative AI solutions, which products are worth investment, and how to mitigate risks."
NICE and Cognizant partner up on CX transformation initiative
NICE and Cognizant have announced the launch of a global strategic go-to-market partnership to accelerate customer experience transformation.
Cellular IoT gateway market expects a slump in 2023
The cellular IoT gateway market is expected to reach US$ 2.2 billion in 2026, according to the latest report from ResearchAndMarkets.
Govt IT spending to hit $588.9 billion in 2023, up 6.8%
“Government organisations are continuing to modernise legacy IT and invest in initiatives that improve access to digital services."
Talent shortages leading to greater diversity within sales
By 2028, 50% of sales leadership roles will be filled by individuals from historically underrepresented groups, according to Gartner.
Zendesk adds AI capabilities to customer support solutions
Zendesk recently announced Intelligent Triage and Smart Assist, new artificial intelligence (AI) solutions empowering businesses with customer support.
The rise of dataware - Cinchy spotlights latest data trend
A radical new architectural approach called dataware redefines the relationship between data and applications and eliminates the need for data integration.
Forescout Technologies launches free threat hunting service
Forescout Technologies has announced the launch of Forescout Frontline, a new threat hunting service utilising a team of trained cybersecurity analysts.
External OEM storage revenue hits $6.9 billion for enterprise market
Revenue generated by the group of ODMs selling directly to hyperscale data centres declined by 7.7% year over year in 2Q21 to $6.4 billion, while capacity shipped grew 13.8% year over year to 88.7 exabytes.
Gfk's new AI platform combines market, consumer and brand analytics in a single source
GfK has launched gfknewron, an integrated, AI-powered software platform allowing companies to access market, consumer and brand data from a single source.
Smartphone shipments on the rise, thanks to 5G
IDC states that although COVID-19 drastically impacted 2020 shipments, 2021 shipments have managed to display minimal growth compared to 2019 (pre-pandemic) volumes.
Semiconductor revenues rise after COVID-19 disrupts usual market trends
"Despite the traditional low-demand season in the first quarter, both quantity and price increased as demand continued to be solid across all applications."
Aus public cloud services market to grow to $10.6bn in 2021
Software as a service (SaaS) remains the largest market segment and is forecast to reach A$5.7 billion in Australia in 2021 as the demand for composable applications requires a different type of SaaS experience.
Consumer demand boosts wearable device market growth
IDC states worldwide shipments of wearable devices reached 153.5 million in the fourth quarter of 2020, a year-over-year increase of 27.2%.
Hyperconnectivity market represents billion-dollar opportunities, analysts find
The number of connected devices globally is projected to increase from 30.4 billion in 2020 to 200 billion in 2030 at a compound annual growth rate (CAGR) of 20.7%.
Worldwide revenues for AI skyrocket, set to reach $550B by 2024
By 2024, the market is expected to break the $500 billion mark with a five-year compound annual growth rate (CAGR) of 17.5% and total revenues reaching $554.3 billion.
APAC network access control market growing rapidly
Network access control revenue in the Asia-Pacific (APAC) region is estimated to reach US$709 million in 2024, according to GlobalData.
Crypto winter & pandemic slice $2.8b from blockchain revenues
ABI Research says that the revenue drop will not last long, with revenues expected to return to normal by 2023.
Consumers turn to smartphone accessories while other markets fail
Smartphone accessories, namely wearable bands and TWS devices, is set to exceed 200 million units and 350 million units respectively in 2021, according to the latest Canalys forecast.
Worldwide smartphone market declines in Q3, but not as much as expected - IDC
353.6 million smartphones were shipped this quarter, and despite the 1.3% dip compared to last year, this figure represents a much better picture than what was previously projected by IDC — a 9% year-on-year decline.
China to hit US$63.7bn in cloud computing revenue by 2024, dominating APAC market
China is set to dominate Asia Pacific (APAC) cloud computing market revenue in the lead up to 2024, with one-third revenue market share, according to GlobalData’s Market Opportunity Forecasts Model.