The Global Information Technology Global Market briefing provides marketers, strategists as well as senior management with vital information that they need in assessing the IT market and the Information Technology systems. The biggest geographic markets by consumption in the IT market include Asia, the Americas and Europe. America was the biggest region in the Information Technology market back in 2016, based on 39.0 percent market share.
GLOBAL IT MARKET BRIEIFING 2017
There has been a growing prevalence of low cost open source options in the past few years. Open source became a preferred platform for the development of new technology. Before, software publishers will open source software that’s not making money. Now, however organizations are open sourcing software to boost their presence and share in the marketplace. According to Open Source Initiative president Allison Randal, seventy-eight percent of companies use open source solutions. Furthermore, sixty-five percent join in open source projects that indicate a boost in open source platforms for building apps in 2015. The key topics that were covered include, IT market characteristics, market drivers, IT market historic growth, market restraints, free trade reduction, forecast of IT market growth, IT comparison with other markets, IT market historic and forecast growth comparison with others and a whole lot more.
The IT Global Market briefing report of the Business Research Company covers size and growth, market characteristics, segmentation, competitive landscape, regional breakdowns, trends, market shares and strategies for this market. The report’s market characteristics section defines as well as explains the market. The market section provides IT market revenues that cover historic market growth and forecasting the future. The comparison with other markets section outlines the information technology market share among other manufacturing markets.
The five key themes that define global tech market in the next couple of years include:
1. Moderate overall growth at below 5 percent. The worldwide tech market in constant currency terms would continue growing modestly throughout this year respectively at 4.5 and 4.7 percent respectively. The strong US dollar persisted in 2016, which result in lower dollar-denominated growth rates. Nevertheless, the dollar lost some steam this year, thus there is a projected 4.9 percent growth in terms of the US dollar.
2. The US tech market, although not posting strongest growth would grow by 5 percent and more. By far, the biggest tech market, the US would post steady 5.9 percent growth this year. Individual country-level growth rates would be all over the globe. Mexico, India, China, Sweden, Israel and Poland would have the fastest tech market 6 percent growth.
3. BT or Business Technology serves as a growth engine in the growing markets. The tech would account for more than half of the total new project spending this year. In countries with steady-growth in industry, tech and business leaders heavily invest in new projects, which support the BT Agenda. Traditional IT spending continues to dominate the total tech spending, particularly in emerging markets. The total BT spending is expected to reach by $827 billion all over the world this year.
4. Analytic and cloud adoption. This means that software and services cost would grow quicker. SaaS would carry overall software market in the next couple of years, with adoption spreading from CRM, financial managing purchasing, analytics and management of human capital. SaaS subscription revenues for apps would come close to equal the combined software license as well as maintenance revenues this year.
The Information Technology future could be broken down into category, such as the following.
The IoT. With higher-bandwidth wireless and faster networks in place, the IoT would be a much bigger part of people’s daily lives.
Wireless innovation. A main move to build out broadband wireless networks provide underlying infrastructure that is critical for communications innovation.
Smarter cars, smarter cities. Tech companies, city officials as well as other groups are putting wireless cameras and sensors in light poles that are embedded in street pavement, put outside buildings and more. These will be critical tools for city management and urban planning. They would be vital for self-driving vehicles soon.
Virtual and augmented reality. There are already big advancements in augmented and virtual reality. There is no doubt that VR and AR would revolutionize the computing experience. Furthermore, it also offers new ways of interacting with technology and with one another. The techs are in the early stages but would bring in new innovation levels and jobs to the computing experience on the next decade.
Healthcare. The health information digitization opens new markets for devices that are health-related, from fitness trackers to hospital-grade technology.
Data centers. Data centers, data engineers and analysts would grow further. At present, almost each company requires more staff in dealing with the disciplines, particularly data analysis. The biggest companies in the world are collecting petabytes or terabytes of data of all kinds on a daily basis that should be searched, analyzed and utilized to boost their ability of creating services and products.
For more information about this report visit http://www.researchandmarkets.com/research/9qmdtf/information
GLOBAL IT MARKET BRIEIFING 2017
There has been a growing prevalence of low cost open source options in the past few years. Open source became a preferred platform for the development of new technology. Before, software publishers will open source software that’s not making money. Now, however organizations are open sourcing software to boost their presence and share in the marketplace. According to Open Source Initiative president Allison Randal, seventy-eight percent of companies use open source solutions. Furthermore, sixty-five percent join in open source projects that indicate a boost in open source platforms for building apps in 2015. The key topics that were covered include, IT market characteristics, market drivers, IT market historic growth, market restraints, free trade reduction, forecast of IT market growth, IT comparison with other markets, IT market historic and forecast growth comparison with others and a whole lot more.
The IT Global Market briefing report of the Business Research Company covers size and growth, market characteristics, segmentation, competitive landscape, regional breakdowns, trends, market shares and strategies for this market. The report’s market characteristics section defines as well as explains the market. The market section provides IT market revenues that cover historic market growth and forecasting the future. The comparison with other markets section outlines the information technology market share among other manufacturing markets.
The five key themes that define global tech market in the next couple of years include:
1. Moderate overall growth at below 5 percent. The worldwide tech market in constant currency terms would continue growing modestly throughout this year respectively at 4.5 and 4.7 percent respectively. The strong US dollar persisted in 2016, which result in lower dollar-denominated growth rates. Nevertheless, the dollar lost some steam this year, thus there is a projected 4.9 percent growth in terms of the US dollar.
2. The US tech market, although not posting strongest growth would grow by 5 percent and more. By far, the biggest tech market, the US would post steady 5.9 percent growth this year. Individual country-level growth rates would be all over the globe. Mexico, India, China, Sweden, Israel and Poland would have the fastest tech market 6 percent growth.
3. BT or Business Technology serves as a growth engine in the growing markets. The tech would account for more than half of the total new project spending this year. In countries with steady-growth in industry, tech and business leaders heavily invest in new projects, which support the BT Agenda. Traditional IT spending continues to dominate the total tech spending, particularly in emerging markets. The total BT spending is expected to reach by $827 billion all over the world this year.
4. Analytic and cloud adoption. This means that software and services cost would grow quicker. SaaS would carry overall software market in the next couple of years, with adoption spreading from CRM, financial managing purchasing, analytics and management of human capital. SaaS subscription revenues for apps would come close to equal the combined software license as well as maintenance revenues this year.
The Information Technology future could be broken down into category, such as the following.
The IoT. With higher-bandwidth wireless and faster networks in place, the IoT would be a much bigger part of people’s daily lives.
Wireless innovation. A main move to build out broadband wireless networks provide underlying infrastructure that is critical for communications innovation.
Smarter cars, smarter cities. Tech companies, city officials as well as other groups are putting wireless cameras and sensors in light poles that are embedded in street pavement, put outside buildings and more. These will be critical tools for city management and urban planning. They would be vital for self-driving vehicles soon.
Virtual and augmented reality. There are already big advancements in augmented and virtual reality. There is no doubt that VR and AR would revolutionize the computing experience. Furthermore, it also offers new ways of interacting with technology and with one another. The techs are in the early stages but would bring in new innovation levels and jobs to the computing experience on the next decade.
Healthcare. The health information digitization opens new markets for devices that are health-related, from fitness trackers to hospital-grade technology.
Data centers. Data centers, data engineers and analysts would grow further. At present, almost each company requires more staff in dealing with the disciplines, particularly data analysis. The biggest companies in the world are collecting petabytes or terabytes of data of all kinds on a daily basis that should be searched, analyzed and utilized to boost their ability of creating services and products.
For more information about this report visit http://www.researchandmarkets.com/research/9qmdtf/information
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