“Industry spending on DX technologies is being driven by core innovation accelerator technologies with IoT and cognitive computing leading the race in terms of overall spend,” said Eileen Smith, program director with IDC’s Customer Insights and Analysis Group. “The introduction of IoT sensors and communications capabilities is rapidly transforming manufacturing processes as well as asset and inventory management across a wide range of industries. Similarly, artificial intelligence and machine learning are dramatically changing the way businesses interact with data and enabling fundamental changes in business processes.”
Some 75 percent of the total digital transformation spend will go to hardware and services. Chinese and U.S. companies together will account for more than half the overall spend.
What? No blockchain?
Original source: Enterprises to spend almost $2 trillion on digital transformation by 2022
The global container orchestration market size is expected to grow from USD 326.1 million in 2018 to USD 743.3 million by 2023, at a Compound Annual Growth Rate (CAGR) of 17.9% during the forecast period.
Composed of: SUSE, Oracle, Microsoft, Red Hat, AWS, Google, Docker, Mesosphere, Rancher Labs, Cisco, Critical Stack, Giant Swarm, Ericsson, Aptible, Kontena, SaltStack, Hashicorp, Shippable, Heroku, Joyent, Pivotal, Cloudify.
Original source: Container Orchestration Market – Global Forecast to 2023, from Research and Markets
“In the past 7 years, the market for good ol’ fried tater chips has grown at a snackable rate of 4%, pushing the global market for potato chips to.”
Original source: Potato Chips Market Share, Size, Growth and Analysis 2018-2023
Time to reap: “Several traits about the new affluents distinguish them as ideal prospective customers for brands of all sectors. In particular, luxury brands looking to woo customers with a little extra in their pockets might find this group a good place to start. Gen Xers’ share of national wealth is forecast to grow from under 14% in 2015 to nearly 31% by 2030, while Millennials’ share is forecast to grow from just 4% in 2015 to 16% by 2030, according to Gartner research. Additionally, this group is likely to be raising families and becoming first-time homebuyers, making them prime targets for home and CPG brands…. Though the new affluents want to save, they are likely to be in the midst of costly life transitions related to family and are also paying off significant debt, meaning money management is definitely on their mind.”
Original source: The New Affluents
“The worldwide infrastructure as a service (IaaS) market grew 29.5 percent in 2017 to total $23.5 billion, up from $18.2 billion in 2016”
Original source: Gartner Says Worldwide IaaS Public Cloud Services Market Grew 29.5 Percent in 2017
“By most estimates, the entire global ad market (digital and offline) sits at roughly $550-600bn and by that measure Facebook, whose sales come almost entirely from ads, commands nearly 10% of it.” But, compared to Google: “If Facebook plans to regain the value it lost with its latest earnings announcement, it’s going to have to ink some riskier acquisitions that increase its addressable market, or at least take it into new corners of advertising.”
Original source: Facebook’s facing limits
“the uptake of offerings like cloud [$3.9bn market in LATAM] is still timid across the region. This is because businesses lack the revenue to make the shift to the cloud or do not have sufficiently skilled people to use them”
Original source: IT vendors slash prices in LatAm as users seek savings
For if you need some IT TAM time.
Original source: IT Spending To Boom In 2018, Tails Off In 2019
“OutSystems cited other market forecasts that estimate the global low-code market is worth as much as $27 billion, with annual compound growth rates as high as 44 percent.”
Seems pretty big.
Original source: Investors High on Low-Code Developers