Category Archives: market

Cybersecurity is failing due to ineffective technology

A failing cybersecurity market is contributing to ineffective performance of cybersecurity technology, a Debate Security research reveals. Based on over 100 comprehensive interviews with business and cybersecurity leaders from large enterprises, together with vendors, assessment organizations, government agencies, industry associations and regulators, the research shines a light on why technology vendors are not incentivized to deliver products that are more effective at reducing cyber risk. The report supports the view that efficacy problems in the … More

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Operator‑billed 5G connections revenue to reach $357 billion by 2025

Operator‑billed revenue from 5G connections will reach $357 billion by 2025, rising from $5 billion in 2020, its first full year of commercial service, according to Juniper Research. By 2025, 5G revenue is anticipated to represent 44% of global operator‑billed revenue owing to rapid migration of 4G mobile subscribers to 5G networks and new business use cases enabled by 5G technology. However, the study identified 5G networks roll-outs as highly resilient to the COVID-19 pandemic. … More

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Global spending on cloud services to surpass $1 trillion in 2024

The COVID-19 pandemic has largely proven to be an accelerator of cloud adoption and extension and will continue to drive a faster conversion to cloud-centric IT. Global spending on cloud services to rise According to IDC, total global spending on cloud services, the hardware and software components underpinning cloud services, and the professional and managed services opportunities around cloud services will surpass $1 trillion in 2024 while sustaining a double-digit compound annual growth rate (CAGR) … More

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Biometric device revenues to drop 22%, expected to rebound in 2021

In the aftermath of the COVID-19 pandemic, global biometric device revenues are expected to drop 22%, ($1.8 billion) to $6.6 billion, according to a report from ABI Research. The entire biometrics market, however, will regain momentum in 2021 and is expected to reach approximately $40 billion in total revenues by 2025. Global biometric device revenues in 2020 “The current decline in the biometrics market landscape stems from multifaceted challenges from a governmental, commercial, and technological … More

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Threat intelligence platform market to reach $234.9 million by 2022

The growing volume and complexities of cyber threats present a compelling case for adopting threat intelligence platforms (TIPs), a Frost & Sullivan analysis finds. These solutions help organizations navigate the ever-increasing threat landscape and allow for further analysis and threat intelligence operationalization. The TIP market least affected by the pandemic The yhreat intelligence platform market is one of the cybersecurity markets that will be least affected by COVID-19. It is estimated to reach $234.9 million … More

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How will blockchain impact the global economy?

An analysis by PwC shows blockchain technology has the potential to boost global gross domestic product (GDP) by $1.76 trillion over the next decade. That is the key finding of a report assessing how the technology is being currently used and exploring the impact blockchain could have on the global economy. Through analysis of the top five uses of blockchain, ranked by their potential to generate economic value, the report gauges the technology’s potential to … More

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