Driven by businesses accelerating their transformation into data-driven companies, the Big Data technology and services market is expected by IDC to grow at a CAGR of 23.1% over the 2014-2019 period with annual spending reaching $48.6 billion in 2019. However, the Big Data market is maturing and the y-o-y growth is forecast to gradually slow.
According to a MarketsAndMarkets report, the global cyber security market is estimated to grow 9.8% annually over the next five years to be worth $170.2 billion by 2020. The market was estimated to be worth $106.32 billion in 2015. North America is expected to continue to be the largest market on the basis of spending
According to a report by Grand View Research, the global ERP software market is estimated to grow 7% annually over the next six years to $48.22 billion by the year 2022. The growth in the industry is estimated to be driven by implementation of ERP software in the medium enterprises and the development and implementation
According to IResearch, China’s on-demand economy is projected to grow to 7.2 trillion yuan (~ $1.1 trillion) by 2017. Users of Online-to-Offline services are estimated to rise 29% next year to 400 million. The size of the economy has prompted China’s biggest Internet players including Alibaba, Tencent, and Baidu to invest in the segment.
The rise of Massive Open Online Courses (MOOCs) has given rise to several startups like Coursera, EdX, and Udacity with a mission to provide high quality education to students anywhere in the world. However, MOOCs came with its own set of problems like low course completion rates and monetization. Udacity has come up with solutions
According to Digi-Capital, augmented reality devices are expected to deliver $90 billion in revenues by the year 2020. On the other hand, virtual reality headsets are expected to generate only $30 billion in revenues by 2020. Technology giants have already started investing in the market. Two years ago, Facebook acquired Oculus Rift, another virtual reality
According to the IDC, global organizations were expected to spend about $120 billion in 2015 to connect factory operations, building systems, and mobile equipment in the field to the Internet of Things. Gartner reports that in 2014, 278 million factory machines, construction vehicles, and other pieces of industrial equipment were connected to the Internet of
According to China’s State Administration of Press, Publication, Radio, Film and Television, the country’s box office revenues grew 48% last year to RMB40 billion (~US$6.2 billion). During the year, cinema goers increased by 48% as well to 1.14 billion. China is seeing a big push in online and mobile purchase of movie tickets. Reports suggest