Market stories - Page 2
Weak demand and changing IT budgets causes drop in PC shipments
Global PC shipments continue to decline, falling 13.4% in 2Q23, marking the sixth consecutive quarter of contraction, according to IDC.
Demand for communication tests and measurements on the rise - report
The communication test and measurement market is capturing a valuation of US$8.01 billion in 2023 and is predicted to reach US$17.78 billion by 2033.
Data backup and recovery market driven by challenges and innovations
The global market for data backup and recovery software was valued at US$9.5 billion in 2022, is anticipated to increase to US$17.5 billion by 2030.
Global computer graphics market to be US$464.2 million by 2033: FMI
The global computer graphics market is poised for substantial growth, by a steady CAGR of 8.3%, with projected revenues surpassing US$464.2 million by 2033.
Submarine optical fibre cables market to be US$67.8 billion by 2033: FMI
The global submarine optical fibre cable market's revenue is projected to increase from its current value of US$20.6 billion in 2023.
eSports and games streaming market to be US$8 billion by 2033: FMI
The global eSports and games streaming market is expected to grow by US$8 billion from 2023 to 2033, accelerating at a CAGR of 11.9%, according to FMI.
Resiliency and automation to drive Europe’s software market: IDC
According to the IDC, demand for improved resiliency and automation will drive the European software market growth until 2027.
Computational fluid dynamics market continues to expand - FMI
The worldwide computational fluid dynamics (CFD) market is projected to reach US$5.7 billion by 2033, driven by demand from various industries.
VIPRE extends partner support with new Microsoft campaign
VIPRE Security Group has launched its Microsoft Better Together Campaign, providing cybersecurity solutions for Microsoft Partners.
Military communications market to be US$116.96 billion by 2033: FMI
The military communications market is valued at US$ 43.09 billion in 2023, and with a CAGR of 10.5% through 2033, it is predicted to reach US$116.96 billion.
FMI investigates quickly growing eCommerce logistics market
FMI has found the market is predicted to reach US$626.23 billion in 2023. It's anticipated to develop at a CAGR of 17.8%, reaching US$3221.36 billion by 2033.
Demand for advanced driver assistance tech grows - FMI
The market for ADAS calibration equipment is expected to reach $277.8 million by 2023, with sales forecasted to grow at a CAGR of 12.6%.
A10 Networks shares top investments of CSPs - report
A10 Networks reveals that UK service providers expect to see a significant increase in traffic volume in the next 2-3 years.
Fiber optic test equipment market to reach $1.78 billion by 2033
The growth in the market could be attributed to the increase in demand for fiber cable networks and fiber optic cable types.
Biometric-as-a-service market booms as demand rises
Global biometric-as-a-service market projected to register a fast-paced CAGR of 22.4% from 2022 to 2032, according to Future Market Insights.
Why services and support matter to tech investments
By implementing new technologies, organisations can find new and improved ways to deliver unparalleled customer services and experiences.
Equinix and Astra team up to tackle Indonesian data centre market
Equinix and PT Astra International Tbk have formed a joint venture to develop digital infrastructure in Indonesia for digital transformation needs.
Financial frugality and the technology device market
Global smartphone shipments fell 18%, wearable bands fell 18%, smart personal audio fell 26%, and PC shipments fell 29%.
FMI: Virtual event platforms market to reach $17b in 5 years
Future Market Insights (FMI) has released new research showing the virtual event platforms market is expected to grow to USD$17.05 billion by the end of 2028.
Personalised, agile business made possible by composable ERP
Business leaders are driving digital transformation and the importance of composable ERP, allowing for more agility and personalised experiences.
PC and tablet markets on the decline, millions of units down - IDC
Declining demand and challenging macro-economic conditions have caused IDC to further lower its forecast for the worldwide PC and tablet markets.
Smartphone market slower to recover than expected - IDC
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.
Smart Home as a Service market expected to hit $27.2Bn by 2032
The Smart Home as a Service market revenue was estimated at US$5.5 billion in 2021 and is anticipated to grow at a CAGR of 15.4% from 2022-2032.
Fortinet announces total revenue growth of 32% for 2022
Fortinet reports 32% revenue growth in 2022, generating $857.3m in GAAP net income and a record $1.45bn in free cash flow.