According to Gartner, worldwide spending on information technology is projected to grow 4.6% this year. This is the slowest rate at which IT spending has grown over the past three years. The depressed market conditions are driven largely by the debt crisis in Europe. Western Europe’s IT spending is projected to fall 0.7% over the
Competition in the $10.3 billion enterprise social networking market is intensifying as leading players raise funds to fuel growth. At the end of 2011, Jive Software successfully tested IPO waters. But if the market was waiting for another player, Yammer, to go public, it may be waiting for a long time.
According to eMarketer, online ad spending by healthcare and pharmaceutical companies is projected to grow from $1.03 billion in 2010 to $1.86 billion in 2015. The pharma industry accounted for 4% of overall online ad spending in the U.S., with a total of $25.8 billion spent. The industry’s share is projected to rise to 4.2%
According to industry research, within North America, of the 300,000 full-service restaurants, there are nearly 55,000 that accept reservations. However, not all of them have signed up with a reservation services provider like OpenTable. Analysts believe that North America accounts for a quarter of the global restaurant industry, making international markets an even bigger opportunity.
The $85 billion vacation rental market is projected to grow 13% annually. But the industry faces many concerns that analysts believe are limiting its growth potential. A study conducted to understand the problems facing the industry found that 46.3% of those surveyed have never used an online service to rent a vacation home in the past three
According to researcher, eMarketer, business-to-consumer sales in Latin America, excluding Brazil, are projected to reach $15.2 billion by the end of the current year and will grow to $28.5 billion by 2015. Overall, analysts believe Latin America e-commerce will grow 20% annually, driven by increased Internet adoption by both consumers and marketers. Currently, less than 2%
According to Gartner, the enterprise software market is a $285 billion market. Within this, according to IDC estimates the enterprise social networking market will be worth $10.3 billion by 2013. The market remains largely untapped. Studies have revealed that just over 50% of enterprises have implemented some social networking tools.
The U.S. radio market is expected to be worth $37 billion. Apart from traditional media companies, the market is being tapped by online radio players. Pandora, a recently listed player, claims that it has access to 5.5% of the U.S. radio market – significant growth over previous year’s share of 2.7%. But the increasing market