According to a comScore report, online retail spending grew 14% last year compared with a single digit growth in overall retail spending. The report reveals that while mobile transactions are a fast growing segment, the online sales are still dominated by PC-based sales. >>>
Last month, Gartner released their outlook on worldwide IT spending and revised their global IT spending projections to growth of 2.1% over the year to $3,749 billion. Earlier, Gartner had projected a growth of 3.2% in IT spend for the year. Gartner believes that continued price pressure driven by increased competition and lack of product differentiation has hurt the short-term IT spending outlook. For 2015, Gartner expects IT spending to increase 3.7% over the year. During the current year, the biggest growth will be seen in Enterprise Software sales, which are projected to grow 6.9% to $321 billion. Spend on IT services will improve 3.8% to $967 billion and Devices will grow 1.2% to $685 billion. Spending on Telecom Services will see a modest 0.7% growth to $1,635 billion while Data Center Systems will see a mere 0.4% improvement to $140 billion.
According to an eMarketer report, mobile advertising in the US increased 121% over the year in 2013. Compare this with the desktop advertising market growth, which reported a comparatively modest 2.3% growth in 2013. eMarketer projects that desktop advertising will decline 9.4% in 2014 compared with an 82.3% increase in mobile advertising.
Where most newspaper and traditional media companies have struggled, few of the players who have adapted themselves to the Web have found a lucrative business model. One such company is New York-based Vice Media which is cashing in on online, and specifically, video streaming content to become one of the leading players in the space.
Yahoo has been distracting shareholders and analysts ever since Marissa Mayer took office with hyper-hyped acquisitions. Until recently, the actual financial performance of the company has not been called into scrutiny. Meanwhile Alibaba’s deservedly hyped IPO has provided a welcome shield (Yahoo is a big shareholder).
But now, Marissa’s honeymoon period is over. The market says: show me the money!
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According to an Infonetics Research report, there is a global improvement in the market for videoconferencing and telepresence services. The worldwide market for videoconferencing and telepresence equipment grew 5% over the year to $3.2 billion in 2013. The growth is driven by the emerging markets of Asia Pacific and EMEA which recorded an 8% growth over the year. The report projects that the market will grow 3% annually over the next five years.
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.