GlobalData stories
GlobalData has today revealed that the revenue of AI platforms will grow at a compound annual growth rate (CAGR) of 26.8% between 2019 and 2024.
Analyst firm GlobalData says that revenue across APAC will grow to US$29.3 billion by the same year, driven by growing government acceptance.
COVID-19 lockdowns are driving the demand for instant real-time payments, with GlobalData predicting over half a trillion transactions within five years.
More than two thirds of organisations fear the COVID-19 pandemic will have a negative impact on their business.
Deep learning is driving AI growth in the APAC region, with the market expected to account for 30% of global AI revenue, USD $97.5 billion by 2024.
Demand for remote team collaboration tools is surging on an unprecedented scale, and businesses like Zoom are struggling to keep up with demand.
The IT industry did well in the S&P 500 index, where the industry accounted for 14.2% of the index constituents as of 31 January this year.
The UAE's ICT spending is set to soar to USD $23bn by 2024, driven by digitalisation and booming tech adoption sectors, per GlobalData's latest research.
Asia-Pacific nations are ramping up investments in quantum computing, aiming to rival US and European efforts, says GlobalData.
GlobalData explains how emerging technologies are being deployed to help keep the spread of the virus in check.
With 2019 seeing a series of good fortune and success for the IT services company, GlobalData's insights say sentiments are looking up.
The gaming industry is booming, set to reach USD$305 billion by 2025. Cloud gaming, esports, VR, and 5G technology are leading the charge.
Private equity deals in the global technology sector surged to USD $11.79 billion in December 2019, a 17.05% increase from the previous month.
While many consumers cannot afford the latest Apple Watch, there is an untapped demand for cheaper smartwatches.
Enterprises embrace industrial automation to slash costs and boost efficiency, with innovations like AI, robotics, and digital twins, asserts GlobalData.
GlobalData reports that the global computer vision market will continue to head upwards, even in the face of fears around facial recognition.
Merger and Acquisition (M&A) deals have totalled $17.03 billion globally in December 2019, according to new research from GlobalData.
GlobalData outlines the ways that China's corporate shutdowns may have far-reaching effects for the global technology economy.
Cyber criminals are exploiting fears surrounding the current outbreak of coronavirus in an attempt to launch theft malware.
As VR's global popularity surges, regulators face challenges on privacy, IP theft, and content disputes, prompting new policies and stricter scrutiny.
