Category Archives: market

IaaS public cloud services market grew 29.5% in 2017

The worldwide infrastructure as a service (IaaS) market grew 29.5 percent in 2017 to total $23.5 billion, up from $18.2 billion in 2016, according to Gartner. Amazon was the No. 1 vendor in the IaaS market in 2017, followed by Microsoft, Alibaba, Google and IBM. “The top four providers have strong IaaS offerings and saw healthy growth as IaaS adoption is being fully embraced by mainstream organizations and as cloud availability expands into new regions … More

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CEO guidance: Handling dynamic change in the cybersecurity industry

In a little over 18 months since SonicWall split from Dell, the company has become operationally and financially independent. “In fact, while achieving independence, we are thriving, surpassing financial objectives for six straight quarters as of Q1 2018,” the company’s CEO Bill Conner proudly states. “Looking back, I’ve been fortunate to have seen the ‘ins’ and ‘outs’ of various departments within service providers, software and security companies. These experiences and opportunities have enabled me to … More

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Smart cities spending to reach $158 billion in 2022

Smart City initiatives will attract technology investments of more than $81 billion globally in 2018, and spending is set to grow to $158 billion in 2022, according to IDC. “The new edition of IDC’s Worldwide Smart Cities Spending Guide represents a substantial stride towards gaining granular insight into how cities around the world are transforming. We are now delivering detailed sizing of 25 named use cases, as well as the first release of a new … More

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Quantum computing revenue to hit $15 billion in 2028 due to AI, R&D, cybersecurity

Total revenue generated from quantum computing services will exceed $15 billion by 2028, forecasts ABI Research. The demand for quantum computing services will be driven by some process hungry research and development projects as well as by the emergence of several applications including advanced artificial intelligence algorithms, next-generation encryption, traffic routing and scheduling, protein synthesis, and/or the design of advanced chemicals and materials. These applications require a new processing paradigm that classical computers, bound by … More

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Rain Capital: Venture fund seeks to back cybersecurity companies led by women and minorities

A new venture fund that will focus on providing capital, strategy, critical resources and unique insights to early-stage cybersecurity companies in Silicon Valley has been officially launched last month. Headed by security technologist Dr. Chenxi Wang and with Amena Zhang, a VC with a strong track record of funding successful startups in Asia, as operating partner, Rain Capital has one other goal in mind: to boost funding to companies led by women and minorities. “Two … More

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IoT security spend to reach $6 billion by 2023

A new study from Juniper Research found that spending on IoT cybersecurity solutions is set to reach over $6 billion globally by 2023. It highlighted rapid growth, with spending by product and service providers (in consumer markets) and end-customers (in industrial and public services markets) to rise nearly 300% over the forecast period. Marked differences across markets Juniper claimed that there are major differences in the way in which IoT business risk is perceived and … More

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