Cloud, mobility, Big Data, AI, IoT, and data analytics fueling the worldwide revenues for IT products and services
Overall, beyond a set of realities related to the economic slowdown in certain regions across the world, the worldwide revenues for information technology products and services are on an interesting curve.
Emerging technologies including, IoT, IIoT, AI, Cloud, mobility, and Big Data and data analytics are drawing huge excitements.
Governments are promoting streamlined programs to encourage the adoption of these emerging technologies which bring enhanced productivity, performance, security, flexibility and seamless within companies and organizations of all sizes.
Big companies in financial services and manufacturing, healthcare, Telecommunications continue to invest in IoT, IIoT, AI, Cloud, mobility, and Big Data and data analytics.
According to IDC, worldwide revenues for information technology products and services will grow from nearly $2.4 trillion in 2016 to more than $2.7 trillion in 2020; representing a compound annual growth rate (CAGR) of 3.3% for the 2015-2020 forecast period.