According to a Gartner report, by the year 2016, a majority of the enterprise IT spending will be on cloud offerings. Researcher IDC projects the current worldwide cloud services spend at $9.6 billion. The market is projected to grow 25% annually over the next five years. Most tech giants have recently been focusing their efforts
According to a PwC report on global entertainment, the consumer demand for entertainment and media (E&M) services is projected to grow 5.6% annually over the next five years to $2.2 trillion by 2017. Digital entertainment will be among the fastest growing media with growth rates of 11.9%. By region, there are eight markets of China,
Over the last year, online streaming player, Hulu, has toyed with several ideas for future growth. It had evaluated ideas ranging from becoming a publicly listed company to selling the business to other online players like Yahoo. But of late, the company has decided to stay independent and continue to invest in its own growth.
According to the World Bank, India is the largest market for inward remittances of funds. The country is expected to receive $71 billion in remittances this year. China is the second largest market with inward remittances expected at $60 billion. India’s remittances are projected to grow 9.4% annually to $85 billion by the year 2015.
According to market researcher, Source Information Survey, the U.S. market for management consulting reported growth of 8.5% last year to $39.3 billion. This growth was driven by consulting services for marketing and sales, which grew 26% during this period, followed by operational improvement consulting business, which reported growth of 11.3%. IT consulting services market grew
The for-profit education sector was in the news recently when President Obama mentioned in one of his gatherings [press conferences?] that they were “making out like bandits.” The president has been vocal about how the for-profit industry admits students, gets federal funding but have low graduation rates. He mentioned how the government was going to spend
Gaming aficionados have been waiting for this holiday season when both Microsoft and Sony released their next-gen consoles. XBox One and PS 4 are touted to be the biggest upgrades for the gaming console market and are being called the next-gen consoles. These machines come equipped with higher processing power and memory, making them capable
Recently, the restaurant technology market made news when none other than the tech giant Apple filed a patent application with the U.S. Patent & Trademark Office for a new ordering and reservation system that could work with their products. Apple’s patent application covers systems, methods, and storage media that will help with making reservations and