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Industry News

IDC: Digital Transformation Spending to Reach $1.2 Trillion

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IDC: Digital Transformation Spending to Reach $1.2 Trillion

Investments in the technologies to enable digital transformation (DX) are "significant," IDC reports-- and are set to globally reach $1.18 trillion in 2019, an increase of 17.9% over 2018.

"Worldwide DX technology investments are expected to total more than $6tr over the next 4 years," the analyst continues "Strong DX technology investment growth is forecast across all sectors, ranging between 15% and 20%, with the financial sector forecast to be the fastest with a CAGR of 20.4% between 2017 and 2022."

The 2 industries investing most in DX in 2019 are discrete manufacturing ($221.6 billion) and process manufacturing ($124.5bn). For both industries, the top DX spending priority is smart manufacturing, supported by significant investments in autonomic operations, manufacturing operations and quality. Retail is the next largest industry in 2019, followed closely by transportation and professional services.

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Gartner: CPU Shortage Affects Q1 PC Market

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Gartner: CPU Shortage Affects Q1 PC Market

EMEA PC shipments total 18 million in Q1 2019, Gartner reports-- a -2.2% Y-o-Y decline, with enterprise demand continuing to grow as companies move ahead with Windows 10 deployments while the consumer segment remains weak.

As the analyst puts it, consumers are neither replacing older PCs nor migrating to hybrid systems. In fact, hybrid devices are not too popular in EMEA, since users appear to prefer using larger displays.

On a global scale, Q1 2019 PC shipments total 58.5 million units, a -4.6% Y-o-Y decline. CPU shortages impact all PC businesses as vendors allocate to higher-margin business and the Chromebook segment.

“While the consumer market remained weak, the mix of product availability may have also hindered demand," the analyst remarks. "In contrast, Chromebook shipments increased by double digits compared with Q1 2018, despite the shortage of entry-level CPUs. Including Chromebook shipments, the total worldwide PC market decline would have been -3.5% in Q1 2019.”#

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Gartner: IT Spending Grows 1.1% in 2019

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Gartner: IT Spending Grows 1.1% in 2019

Global IT spending is to reach $3.79 trillion in 2019, Gartner reports-- a 1.1% increase from 2018, a revision of previous analyst forecasts brought about by currency headwinds fueled by a strengthening US dollar.

“In 2019, technology product managers will have to get more strategic with their portfolio mix by balancing products and services that will post growth in 2019 with those larger markets that will trend flat to down,” the analyst adds. “Successful product managers in 2020 will have had a long-term view to the changes made in 2019.”

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IDC: Big Data Revenues Reach $189bn in 2019

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IDC: Big Data Revenues Reach $189bn in 2019

According to IDC, global big data and business analytics (BDA) revenues will reach $189.1 billion in 2019-- a 12% increase over 2018, before revenues reach $274.3bn by 2022 with a CAGR of 13.2% for the 5-year forecast period.

"Digital transformation is a key driver of BDA spending with executive-level initiatives resulting in deep assessments of current business practices and demands for better, faster, and more comprehensive access to data and related analytics and insights," the analyst says. "Enterprises are rearchitecting to meet these demands and investing in modern technology that will enable them to innovate and remain competitive. BDA solutions are at the heart of many of these investments."

IT services are the largest BDA market category in 2019 with revenues of $77.5bn. Following are hardware purchases ($23.7bn) and business services ($20.7bn). Together IT and business services account for over 50% of BDA revenues throughout 2018-2022, and are among the categories with fastest growth. BDA-related software revenues total $67.2bn in 2019, with end-user query, reporting and analysis tools ($13.6bn) and relational data warehouse management tools ($12.1bn) as the two largest software categories. The BDA technology categories seeing the fastest revenue growth are non-relational analytic data stores (34% CAGR) and cognitive/AI software platforms (31.4% CAGR).

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IDC: 2019 Blockchain Spending to Reach $815m in Europe

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IDC: 2019 Blockchain Spending to Reach $815m in Europe

According to IDC, initially slow European blockchain spending is set to become one of the fastest worldwide, with 2019 spending reaching over $800 million before growing to $3.6 billion in 2022 with a CAGR of 73.2%.

A number of factors drive such growth, including enterprises moving blockchain to production and a wave of local startups driving marketing and sales activities. W. Europe account for 83% of 2019 blockchain spending, and CEE makes the remaining 17%.

"In terms of technologies, IT services, such as consulting, outsourcing, deployment and support, and education and training, will drive spending, accounting for nearly 63% of European spending in 2019, growing at a 2018–2022 CAGR of 76.6%," the analyst says. "This is because blockchain needs to step up and demonstrate its production-readiness, and businesses need to ensure they take a long-term strategic view of their overarching blockchain initiatives."

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