According to a recent report by Visiongain, the global mobile security market was estimated to be worth $3.49 billion in 2013. The market is expected to show rapid growth in the next few years driven by rapid adoption of mobile device technology in emerging markets. IDC estimates that by the end of the current year, more than 1 billion mobile devices will be used within organizations by the end of this year.
According to a report by Magna Global, the worldwide advertising market was estimated to be worth $490 billion in 2013. TV advertising remains the largest ad segment, accounting for $197 billion in spend globally. However, like in other areas, digital video advertising is growing rapidly. The researcher estimates that spending on digital video advertising globally will grow 28% annually over the period 2013 through 2017 to be worth $22.5 billion.
According to a comScore report, e-commerce sales in 2013 grew 14% over the year while total retail sales grew in single digits in the US. While online sales may be increasing at a rapid pace, physical store sales still account for a big portion of total retail consumption. To ensure continuous improvement in brick-and-mortar store sales, marketers are relying more and more on effective data analytics. According to a market report, retailers were expected to spend nearly $2 billion in 2013 on business intelligence. Retail giants like Macy’s have invested in big data analytics services and believe that these services have helped them increase store sales by at least 10%.
According to an IDC study, 2.8 zettabytes of digital data was generated globally in 2012. The study estimates that the digital information that is created and replicated globally will grow 39% annually over the period 2012 through 2020. The study estimates that more than 90% of the data created in 2020 will be unstructured data, thus increasing the need for organizations to be able to effectively manage and utilize it.
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In a report by Docebo, the worldwide market for self-paced E-Learning market, which was worth $35.6 billion in 2011, is projected to grow 7.6% over the five year period to be worth $51.5 billion by 2016. The report projects that the market for Learning Management Systems (LMS) that support the rapid growth in online education will grow from $40.6 billion in 2013 to $51.2 billion by the year 2016.
According to the US Department of Commerce, US companies had imported $2.3 trillion of goods and exported $1.5 trillion of goods in 2012. Another report points out that China is now the world’s largest trading economy, with exports of nearly $2.1 trillion. Recently listed Amber Road (NYSE: AMBR) is using cloud-based solutions to help companies conduct international trade with ease.
According to a Gartner report, there were 14.5 million contact center agents worldwide in 2012. Cloud-based offerings to support these contact center agents are on the rise. The report projects that in North America, the cloud penetration of the contact center market is estimated to have grown from 5% in 2012 to 13% in 2016. Recently listed, San Ramon-based Five9 (NASDAQ: FIVN) is among the leading global providers of cloud-based call center solutions for sales, marketing, and support services.
According to an Accenture report released earlier this year, the global market for electronic health records (EHR) is projected to grow 5.5% over the period 2012 to 2015 to $22.3 billion by 2015. The US is estimated to be the largest market worth $9.3 billion by 2015 at a 7.1% compounded annual growth rate over the period 2012 through 2015.
Economists believe that the much anticipated US housing market recovery is yet to come. The housing market is continuing its descent even during the busiest season of the year. Sales of previously owned homes registered a decline of 7.5% this March, the slowest pace in the previous 20 months. New home purchases also fell 14.5% over the year in February and applications for mortgages fell 20% over the year.