Category Archives: market

Global spending on security solutions to reach $133.7 billion in 2022

Worldwide spending on security-related hardware, software, and services is forecast to reach $133.7 billion in 2022, according to IDC. Although spending growth is expected to gradually slow over the 2017-2022 forecast period, the market will still deliver a compound annual growth rate (CAGR) of 9.9%. As a result, security spending in 2022 will be 45% greater than the $92.1 billion forecast for 2018. “Privacy has grabbed the attention of Boards of Directors as regions look … More

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Worldwide spending on cloud IT infrastructure continues to grow, reaches $15.4 billion

According to the IDC Worldwide Quarterly Cloud IT Infrastructure Tracker, vendor revenue from sales of infrastructure products (server, enterprise storage, and Ethernet switch) for cloud IT, including public and private cloud, grew 48.4% year over year in the second quarter of 2018 (2Q18), reaching $15.4 billion. IDC also raised its forecast for total spending (vendor recognized revenue plus channel revenue) on cloud IT infrastructure in 2018 to $62.2 billion with year-over-year growth of 31.1%. Quarterly … More

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Spending on cognitive and AI systems to reach $77.6 billion in 2022

Global spending on cognitive and artificial intelligence (AI) systems is forecast to continue its trajectory of robust growth as businesses invest in projects that utilize cognitive/AI software capabilities. Spending on the rise According to a new update to the IDC Worldwide Semiannual Cognitive Artificial Intelligence Systems Spending Guide, spending on cognitive and AI systems will reach $77.6 billion in 2022, more than three times the $24.0 billion forecast for 2018. The compound annual growth rate … More

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Data breaches make companies underperform the market in the long run

While the share prices of companies that experienced a sizeable/huge data breach suffer just a temporary hit, in the long term breached companies underperformed the market, an analysis by consumer tech product review and comparison site Comparitech has shown. This is the site’s second annual analysis into the share prices and overall performance of 24 companies that are listed on the New York Stock Exchange and have suffered a data breach in the last ten … More

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