Market research stories - Page 14

ANZ's spending on security services is set to surge, with the Asia-Pacific MSS market projected to hit USD $20.2 billion by year-end, says GlobalData.

Gartner forecasts 2020 wearable device spending to reach USD $52 billion, up 27% from 2019, driven by smartwatches and smart clothing.

Australia and New Zealand are set to outpace global growth in IT spending according to Gartner, with notable increases in both countries forecasted for 2020.

These cameras will represent 70% of the 5G IoT endpoint installed base in 2020, before contracting to 32% by the end of 2023.

Consumer spending on technology is forecast to reach US$1.69 trillion in 2019 with a quarter coming from emerging technologies such as VR/AR.

A survey by Ecosystm has revealed that businesses are spending over US$600,000 on average on solutions that are adding little to no value.

The virtual reality market will exhibit a 42.2% CAGR, as big brands move to offer an advanced user experience says Fortune Business Insights.

Thanks to the trend in premium brands, worldwide headphone revenue is growing four times faster than shipment numbers.

Latest IDC research shows that the Ethernet switch market grew 4.8% year over year, while the router market rose 3.4% in 2Q19.

Providing solutions that can make cross-agency sharing and access efficient and effective will augment growth prospects, finds Frost & Sullivan.

This year blockchain is starting to find its feet as innovators find the use-cases that suit the specific areas in which it can provide value.

Utilities will be the highest user of IoT endpoints, totalling 1.17 billion endpoints in 2019, and increasing 17% in 2020 to reach 1.37 billion.

Transparency Market Research (TMR) predicts that the global UPS market will grow at a respectable CAGR of 7.8% over the period between 2018 and 2026.

The market for 3D printed medical devices is set to reach USD $6.1 billion by 2029, with applications from hearing aids to affordable prosthetics for children.

This will mean some respite after the Australian market’s massive 2019 decline and help NZ’s see some stability.

Zinnov projects a 47% annual surge in the RPA services market, hitting USD $4B by 2024, driven by intelligent automation and deepening tech partnerships.

The global PC market saw a surprising 4.7% growth in Q2 2019, as easing supply shortages and trade tensions boosted shipments, reports IDC.

SaaS led Australian public cloud revenue in 2018, capturing 65.8% of the USD $4.01 billion market, as firms seek competitive edge, reports IDC.

Infrastructure shipment growth decelerated to 4.8% in Q1 2019, Canalys reports, with a market value of USD $38.8 billion, after a booming 2018.

Interoperability with the platforms that support voice control devices is vital for OEMs and service providers.