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Global Market Predictions For 2015| Growth And Innovation Report By IDC

December 29th, 2014 | Posted by Apex Time Solutions in Time and Attendance On-Demand | Time and Attendance Solution | Workforce Analytics | Workforce Management Solutions

Well respected industry behemoth International Data Corporation (IDC) released its annual prediction report that covers all things technology including; analytics, mobile computing, Internet of Things, cloud computing and, social networking. It’s a report that will be encouraging to many businesses after years of a slow economy that took shape after the 2008 downturn.

In no particular order, here are some of the highlights of this report, including areas that will experience growth:

  1. Big data and analytics will see important developments in 2015 as worldwide spending on big data-related software, hardware, and services grows to $125 billion. Rich media analytics (video, audio, and image) will emerge as an important driver of big data projects. And big data supply chains (i.e. Data as a Service) will grow in importance as cloud platform and analytics vendors offer clients value-added information from commercial and open data sets.
  2. China will experience skyrocketing influence on the global Accelerating Innovation (ICT) market in 2015 with spending that will account for 43% of all industry growth, one third of all smartphone purchases, and about one third of all online shoppers.
  3. Cloud services will remain a hotbed of activity in 2015 with $118 billion in spending on the greater cloud ecosystem. Adoption of cloud Infrastructure as a Service (IaaS) will grow briskly (36%) as market leader Amazon comes under attack from all directions as challengers attempt the “Amazoning of Amazon”.
  4. Worldwide Accelerating Innovation (ICT) spending will grow 3.8% in 2015 to more than $3.8 trillion.
  5. Telecommunications services will see wireless data emerge as the largest ($536 billion) and fastest growing (13%) segment of telecom spending. To avoid being marginalized as little more than infrastructure providers, carriers will scramble to develop platform- and API-based services that add value and attract developers to their networks. They will also seek rapprochement with over-the-top (OTT) cloud services providers through innovative performance and revenue-sharing arrangements.

The report is made up of a top ten list of predictions for 2015. You can read the list of predictions in its entirety by going to the IDC website.

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Global Market Predictions For 2015, Growth And Innovation Report By IDC

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