Tag: IDC

ICT spending in Europe is set to grow 4.2 per cent yearly and reach $1.2 trillion in 2023.

According to IDC’s Worldwide ICT Spending Guide: Enterprise and SMB by Industry, spend will then surpass $1.4 trillion by 2026, posting a 5.4 per cent compound annual growth rate (CAGR) over the 2021-2026 period.

According to the analysts, the UK and Scandinavian countries will be amongst the main drivers of this growth.

Meanwhile, Russian ICT spend is forecast to shrink by 9.4 per cent year on year, due to EU sanctions. Read more…

According to IDC beancounters, the European AI market is set to carry on an upward trajectory by 2026.

The IDC Worldwide Semi-annual Artificial Intelligence Tracker reports that market areas, such as AI services, non-AI-centric software and AI hardware, will see moderate growth.

IDC expects AI’s total addressable market to reach $191 billion by 2026.

Senior research manager at IDC, Martin Nuska, commented on the results saying: “The next five years will represent a crucial period in the commercial adoption of AI software, as many companies and governments are now investing more to make their processes more agile, efficient, and resilient.” Read more…

Beancounters at IDC say that PC sales have continued to slide with total global shipments shrank 15 percent to 74.3 million units.

IDC blamed the contraction on “cooling demand and uneven supply”, but stressed that shipment volumes remain “well above pre-pandemic levels”.

Market leader Lenovo’s share fell slightly from 23.1 to 22.7 percent as its shipments sagged from 20.1 million to 16.9 million.

HP and Dell, meanwhile, lost more than three and four percentage points of marketshare, respectively, as their shipments hit 12.7 million and 12 million.

Only the fruity cargo cult Apple saw its numbers rise 7.2 million to 10.1 million but it was a long way behind he main players. ASUS rounded out the top five with 5.5 million shipments.

IDC’s Mobility and Consumer Device Trackers research manager Jitesh Ubrani said consumer demand remained muted though promotional activity helped soften the fall and reduce channel inventory by a couple of weeks across the board.

Beancounters at IDC claim that global compute and storage infrastructure product investments for cloud deployments grew 22.4 percent in the second quarter of 2022 to $22.6 billion.

According to IDC, spending on cloud infrastructure continues to outgrow the non-cloud segment although the latter had strong growth in the second quarter  rising 15.2 percent year on year to $17.3 billion.

Spending on shared cloud infrastructure reached $15.6 billion during the quarter, up 18.9 percent compared to a year ago.

IDC said it expects to see continuous strong demand for shared cloud infrastructure with spending expected to surpass non-cloud infrastructure spending in 2023. Read more…

Beancounters at IDC have warned that PC and tablet shipments will suffer into 2023.

IDC projects global shipments of traditional PCs to decline 12.8 percent in 2022 to 205.3 million units and table shipments to drop 6.8 percent to 158.8 million units. IDC blamed inflation, a weakening economy and the pandemic-fuelled surge in tech buying over the last two years for the demand drop.

The firm also expects further declines in 2023 as consumer demand slows and education demand drops off – enterprise purchasing, the firm says, will also suffer because of macroeconomic conditions. The combined market for PCs and tablets is expected to decline 2.6 percent in 2023 before rising again in 2024. Read more…

A virus accelerated the adoption of digital technologies and resulted in the expansion of digital workplaces, according to beancounters at IDC.

IDC senior research manager for global services and market trends, Supriya Kamath said that the push to become a digital-first organisation has created opportunities for managed service providers.

The researcher’s data shows that around 94 percent of H122 deals were in the IT outsourcing market, while the remaining six percent were business outsourcing deals. Read more…

IDC beancounters have warned the printing industry that microchip shipments are likely to be “erratic” for the rest of the year forcing some to move to more black and white solutions.

Most OEMs are seeing demand outstrip supply, especially in higher-speed A4 and A3 colour segments where more microchips are required for manufacturing the products.

The company said that this will have a knock on impact on revenues, cash flow, and profits.

The analyst firm says its figures show that the overall Western European hardcopy market declined 2.6 percent year on year in the second quarter to 4.28 million units. Read more…

European companies are ignoring any economic worries to splash out on IT security.

Beancounters at IDC expect IT security to grow by almost 11 percent this year.

The IDC’s Worldwide Security Spending Guide highlights that European IT security spending will reach almost $47 billion in 2022, with a forecast five-year (2021-2026) compound annual growth rate (CAGR) of 9.4 percent to surpass $66 billion in 2026.

Security services will have the highest growth over the forecast period, IDC says, at a 10.2 percent CAGR and will also represent the biggest spending category, followed by software and hardware. Read more…

Number crunchers at IDC claim that public cloud services spend in Europe is set to reach $113 billion in 2022 and will double by 2026.

According to IDC’s Worldwide Public Cloud Services Spending Guide, the growth rate represents a 22 percent five year 2021-2026 CAGR.

Investments in software-as-a-service (SaaS) will continue to lead most of the spending, but pegs platform-as-a-services (PaaS) to be the fastest-growing segment. Read more…

Global spending on the digital transformation (DT) of business will reach $1.8 trillion in 2022 – an increase of 17.6 percent over 2021.

According to a new update to the IDC Worldwide Digital Transformation Spending Guide, DX spending will sustain this pace of growth over the 2022-2026 forecast period with a five-year compound annual growth rate (CAGR) of 16.6 percent.

IDC senior research manager in customer insights & analysis, Craig Simpson expects to see aggressive DX technology investment growth in 2022 following a minor slowdown during the pandemic.

“As organisations accelerate their pursuit of a digital-first strategy, they are channelling these investments into both internal operations and external direct engagement.  The investments in internal operations are largely focused on improving efficiency and resilience while customer experience transformation has become a DX priority for many companies.”

IDC’s data found that operational investments stand out among the 51 strategic priorities included in the DX Spending Guide.  Read more…

Beancounters at IDC have added up some numbers and divided them by their shoe size and reached the conclusion that the AI market – which includes AI software, services and hardware will break the $500 billion mark by 2023.

For partners investing in artificial intelligence, it’s services that IDC are forecasting to deliver the fastest spending growth over the next five years with a compound annual growth rate (CAGR) of 22 percent.

Meanwhile, the CAGR for AI hardware will be 20.5 percent, while AI software will see its share of spending decline slightly in 2022 as spending for hardware and services grows more quickly: a trend that IDC says will continue into 2023.

IDC group vice president, worldwide AI and automation research Ritu Jyoti said that AI emerged as the next major wave of innovation. Read more…