Market research stories - Page 14

Despite a surprise year of worldwide growth for the PC market, Asia Pacific saw its fifth straight quarter of decline in 4Q19.

Managed cloud services in New Zealand poised for explosive growth, forecast to reach NZ$1.01 billion by 2023, according to IDC's latest report.

Driven by growing demand for easy and secure ways for storage of critical data and increasing need for transparent and efficient data sharing options.

Shipments of personal computing devices expected to see modest growth in 2019 followed by a continued decline through 2023.

ANZ's spending on security services is set to surge, with the Asia-Pacific MSS market projected to hit USD $20.2 billion by year-end, says GlobalData.

Gartner forecasts 2020 wearable device spending to reach USD $52 billion, up 27% from 2019, driven by smartwatches and smart clothing.

Australia and New Zealand are set to outpace global growth in IT spending according to Gartner, with notable increases in both countries forecasted for 2020.

These cameras will represent 70% of the 5G IoT endpoint installed base in 2020, before contracting to 32% by the end of 2023.

Consumer spending on technology is forecast to reach US$1.69 trillion in 2019 with a quarter coming from emerging technologies such as VR/AR.

A survey by Ecosystm has revealed that businesses are spending over US$600,000 on average on solutions that are adding little to no value.

The virtual reality market will exhibit a 42.2% CAGR, as big brands move to offer an advanced user experience says Fortune Business Insights.

Thanks to the trend in premium brands, worldwide headphone revenue is growing four times faster than shipment numbers.

Latest IDC research shows that the Ethernet switch market grew 4.8% year over year, while the router market rose 3.4% in 2Q19.

Providing solutions that can make cross-agency sharing and access efficient and effective will augment growth prospects, finds Frost & Sullivan.

This year blockchain is starting to find its feet as innovators find the use-cases that suit the specific areas in which it can provide value.

Utilities will be the highest user of IoT endpoints, totalling 1.17 billion endpoints in 2019, and increasing 17% in 2020 to reach 1.37 billion.

Transparency Market Research (TMR) predicts that the global UPS market will grow at a respectable CAGR of 7.8% over the period between 2018 and 2026.

The market for 3D printed medical devices is set to reach USD $6.1 billion by 2029, with applications from hearing aids to affordable prosthetics for children.

This will mean some respite after the Australian market’s massive 2019 decline and help NZ’s see some stability.

Zinnov projects a 47% annual surge in the RPA services market, hitting USD $4B by 2024, driven by intelligent automation and deepening tech partnerships.