IDC

Gaming PCs Forecast to Recover After a Down Year in 2023 While Gaming Monitors Will Continue on Their Growth Trajectory, According to IDC

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Tuesday, March 19, 2024
Consulting, Consumer Electronics, Technology, Professional Services, Semiconductor, Software, Networks, Audio, Video, Internet, Mobile, Wireless, Hardware, Consumer, PC, Worldwide, Growth, DT, Research, International Data Group, IDC, Personal computer, Graphics processing unit, Hertz, Traction, Mobility, NB, Video game

However, gaming monitors were able to buck the trend as lower pricing helped drive volume and resulted in gaming monitors growing 20.3% during the year, according to the International Data Corporation ( IDC ) Worldwide Quarterly Gaming Tracker .

Key Points: 
  • However, gaming monitors were able to buck the trend as lower pricing helped drive volume and resulted in gaming monitors growing 20.3% during the year, according to the International Data Corporation ( IDC ) Worldwide Quarterly Gaming Tracker .
  • For 2024, IDC forecasts gaming PCs will see modest growth of 1% with notebooks being the primary driver.
  • Gaming monitors will continue their growth trajectory, reaching 22.2 million units and growing 13.6% in 2024.
  • Given these improvements, gaming monitors are expected to continue outpacing the growth of gaming PCs."

IDC Forecasts Robust Growth for AR/VR Headset Shipments Fueled by the Rise of Mixed Reality

Retrieved on: 
Tuesday, March 19, 2024
Wearables, Mobile Technology, Technology, Consulting, Professional Services, Audio, Video, Software, Hardware, Data Analytics, Consumer Electronics, Consumer, Growth, Apple, VR, Virtual reality, Intelligence, Meta, Research, International Data Group, IDC, Mobility, Mixed reality, Video game

While global shipments for augmented reality and virtual reality (AR/VR) headsets declined 23.5% in 2023, 2024 is shaping up to be a year of recovery as shipments are forecast to surge 44.2% to 9.7 million units, according to new data from the International Data Corporation ( IDC ) Worldwide Quarterly Augmented and Virtual Reality Headset Tracker .

Key Points: 
  • While global shipments for augmented reality and virtual reality (AR/VR) headsets declined 23.5% in 2023, 2024 is shaping up to be a year of recovery as shipments are forecast to surge 44.2% to 9.7 million units, according to new data from the International Data Corporation ( IDC ) Worldwide Quarterly Augmented and Virtual Reality Headset Tracker .
  • New headsets such as Apple's Vision Pro and additional launches towards the end of the year will help drive growth as macroeconomic conditions improve across the globe.
  • "Along with Apple, many companies such as Meta and others have already begun their journey, transitioning from VR to Mixed Reality; ultimately laying the groundwork for true AR experiences."
  • Next, look at how companies will increasingly incorporate artificial intelligence to analyze data and generate virtual content for the user.

Worldwide Hardcopy Peripherals Shipments Declined 15.5% Year Over Year in the Fourth Quarter of 2023, According to IDC

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Monday, March 18, 2024
Mobile, Wireless, Technology, Semiconductor, Security, Consulting, Professional Services, Networks, Internet, Hardware, Consumer Electronics, A4, International Data Group, IDC, Small business

Worldwide shipments of hardcopy peripherals totaled 21.1 million units in the fourth quarter of 2023 (4Q23), a decline of 15.5% year over year.

Key Points: 
  • Worldwide shipments of hardcopy peripherals totaled 21.1 million units in the fourth quarter of 2023 (4Q23), a decline of 15.5% year over year.
  • As with the prior quarter, the decline was caused by constrained demand and the tightening of financing conditions.
  • Shipment value during 4Q23 also fell 11.7% to $9.7 billion, according to the International Data Corporation ( IDC ) Worldwide Quarterly Hardcopy Peripherals Tracker .
  • Notable highlights from the quarter include:
    Every geographic region saw a year-over-year decline in shipments, ranging from -5.9% to -30.6%.

Smartsheet Inc. Announces Fourth Quarter and Fiscal Year 2024 Results

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Thursday, March 14, 2024
Professional Services, Data Management, Business, Technology, Software, Artificial Intelligence, Cloud, Growth, ARR, Research, IDC, AI, Publication, GAAP, ID, Vendor, Magic

Smartsheet (NYSE: SMAR), the enterprise work management platform, today announced financial results for its fourth fiscal quarter and fiscal year ended January 31, 2024.

Key Points: 
  • Smartsheet (NYSE: SMAR), the enterprise work management platform, today announced financial results for its fourth fiscal quarter and fiscal year ended January 31, 2024.
  • Net Income (Loss): GAAP net loss was $(9.0) million, compared to $(42.7) million in the fourth quarter of fiscal 2023.
  • Non-GAAP net income was $47.1 million, compared to $9.9 million in the fourth quarter of fiscal 2023.
  • Cash Flow: Net operating cash flow was $59.7 million, compared to $20.2 million in the fourth quarter of fiscal 2023.

New IDC Spending Guide Forecasts Edge Computing Investments Will Reach $232 Billion in 2024

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Thursday, March 14, 2024
Software, Mobile, Wireless, Networks, Professional Services, Internet, Hardware, Data Management, Technology, Semiconductor, Security, Data Analytics, Consulting, Telecommunications, Cloud, Diagnosis, MEC, Organization, Forecasting, Growth, Environment, Original equipment manufacturer, Augmented reality, Intelligence, International Data Group, IDC, AI, Edge, Investment, Infrastructure as a service, Public sector, Movement, ICT

According to a new forecast from the International Data Corporation ( IDC ) Worldwide Edge Spending Guide , combined enterprise and service provider spending across hardware, software, professional services, and provisioned services for edge solutions will sustain strong growth through 2027 when spending will reach nearly $350 billion.

Key Points: 
  • According to a new forecast from the International Data Corporation ( IDC ) Worldwide Edge Spending Guide , combined enterprise and service provider spending across hardware, software, professional services, and provisioned services for edge solutions will sustain strong growth through 2027 when spending will reach nearly $350 billion.
  • "Edge computing will play a pivotal role in the deployment of AI applications," said Dave McCarthy , research vice president, Cloud and Edge Services at IDC.
  • In the service provider industry, investments for edge services delivery is built on infrastructure spending for multi-access edge computing (MEC), content delivery networks, and virtual network functions.
  • The IDC Worldwide Edge Spending Guide quantifies the edge computing market by forecasting enterprise and service provider spending across 22 technology markets, six technology domains, 19 enterprise industries, and nine geographic regions.

Global Shipments of PC Workstations Shrank Nearly 9% in 2023, but Recovery Expected as Several Market Drivers Coalesce in 2024, According to IDC

Retrieved on: 
Wednesday, March 13, 2024
Technology, Semiconductor, Consulting, Security, Professional Services, Software, Networks, Internet, Hardware, GPU, Worldwide, Growth, HP Inc., COVID-19, Research, International Data Group, IDC, AI, Overalls, Lenovo, Windows 11, Dell, CPU

The COVID-19 pandemic initially helped to drive demand but later contributed to excess shipments, culminating in record volume of over 7.6 million in 2022.

Key Points: 
  • The COVID-19 pandemic initially helped to drive demand but later contributed to excess shipments, culminating in record volume of over 7.6 million in 2022.
  • The first half of 2023 thus saw a sharp contraction from weak demand and high channel inventory.
  • "For one, the market is still bigger than where things stood before the pandemic and is more resilient than the overall PC market.
  • IDC expects workstation shipments to grow 5.2% in 2024 as the market replenishes stock and prepares for refresh projects.

OutSystems Announces Its Latest AI Innovation: AI Agent Builder

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Tuesday, March 12, 2024
Apps, Applications, Technology, Consulting, Other Technology, Professional Services, Software, Data Management, Web3, Artificial Intelligence, Cloud, Low-code development platform, Synthetic media, Organization, Communication, Intelligence, RAG, Research, IDC, AI, Doctor of Philosophy, KeyBank, AWS, Privacy, Generative, Sales

AI Agent Builder is the latest execution of OutSystems’ three-pronged AI strategy, which includes: using generative AI to accelerate iterative application development; applying generative AI throughout the development lifecycle to improve security, performance, and agility; and building generative AI-powered applications to accelerate transformation.

Key Points: 
  • AI Agent Builder is the latest execution of OutSystems’ three-pronged AI strategy, which includes: using generative AI to accelerate iterative application development; applying generative AI throughout the development lifecycle to improve security, performance, and agility; and building generative AI-powered applications to accelerate transformation.
  • AI Agent Builder gives IT teams everything they need to build generative AI agents and embed them within new or existing applications, without any prior coding or AI expertise — addressing a critical shortage of AI talent while saving weeks in development effort.
  • AI Agent Builder also simplifies the development process, allowing organizations to rapidly customize and deploy sophisticated generative AI solutions, accelerate innovation, and enhance operational efficiency.
  • AI Agent Builder provides a first-of-its-kind blueprint for IT leaders in any industry to accelerate AI strategy and manage the complexity of generative AI implementation.

Quantiphi's Revolutionary Generative AI Platform, baioniq Now Available on Google Cloud Marketplace

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Thursday, April 4, 2024
Cloud, Dai, Google Cloud, Natural language processing, ISV, Knowledge, Research, NLP, IDC, AI, Overalls, Gemini, Clinical trial

MARLBOROUGH, Mass., April 4, 2024 /PRNewswire/ -- Quantiphi , an award-winning AI-first digital engineering company, today announced its groundbreaking generative AI platform baioniq , packed with cutting-edge features and upgrades, is available for the first time on Google Cloud Marketplace , empowering enterprises across industries to enhance productivity, automate workflows, revolutionize business processes and manage valuable data through the power of generative AI .

Key Points: 
  • MARLBOROUGH, Mass., April 4, 2024 /PRNewswire/ -- Quantiphi , an award-winning AI-first digital engineering company, today announced its groundbreaking generative AI platform baioniq , packed with cutting-edge features and upgrades, is available for the first time on Google Cloud Marketplace , empowering enterprises across industries to enhance productivity, automate workflows, revolutionize business processes and manage valuable data through the power of generative AI .
  • b aioniq 's availability on Google Cloud Marketplace will enable more enterprises to overcome prior limitations, increase productivity and access the latent potential stored within their data," Hasan said.
  • "Bringing Quantiphi to Google Cloud Marketplace will help customers quickly deploy, manage, and grow the baioniq generative AI platform on Google Cloud's trusted, global infrastructure," said Dai Vu, Managing Director, Marketplace & ISV GTM Programs at Google Cloud. "
  • Visit Google Marketplace today to learn more about baioniq.

commercetools Announces Keynote and Programming Line Up for 2024 Elevate - The Global Commerce Summit™

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Thursday, April 4, 2024
Cloud, Consultant, Partner, Google Cloud, Entrepreneurship, PetSmart, IDC, Ticketmaster, B2C, Elevate, AWS, EPAM Systems, Ulta Beauty, MongoDB, John Lewis & Partners, Commerce, Express, Ecosystem, Peloton, Marketing, EPAM, Management

MUNICH, Germany, April 4, 2024 /PRNewswire/ -- commercetools, a global commerce company and the leader in composable commerce, today unveiled the full agenda and speaker lineup for its upcoming inaugural conference, Elevate - The Global Commerce Summit. On April 16-18, hundreds of industry luminaries and leaders, as well as commercetools customers and partners will come together in Miami Beach, Florida to discuss what the future of commerce looks like for enterprises across the globe.

Key Points: 
  • MUNICH, Germany, April 4, 2024 /PRNewswire/ -- commercetools , a global commerce company and the leader in composable commerce, today unveiled the full agenda and speaker lineup for its upcoming inaugural conference, Elevate - The Global Commerce Summit .
  • At Elevate, attendees can expect keynotes led by commercetools leaders Mike Sharp, Jen Jones, and Kelly Goetsch as well as CEO and Co-Founder, Dirk Hoerig.
  • Breakout sessions highlighting the impact of composable commerce across industries and business models, as well as trends across marketing, commerce, technology and business.
  • Global Partner Day will bring together 230+ commercetools partners to explore the latest advancements and share insights on leveraging partnerships to drive commerce transformation.

Finance, Utilities, and Retail Companies in Mexico Lead the Way in Automation with 27% of Business Processes Automated

Retrieved on: 
Wednesday, April 3, 2024
Cloud, Automation, Organization, Innovation, Improper integral, Risk management, Opportunism, IDP, RPA, Software, IDC, Organizational culture, Senior, Public sector, Telecommunications, APPN, Management

MEXICO CITY, April 3, 2024 /PRNewswire/ -- Appian (Nasdaq: APPN) reports that according to a study conducted by IDC, the vast majority of organizations in Mexico invest up to 20% of their total IT budget in automation solutions. The growing trend of acquiring process automation solutions is reflected in the budgets allocated by the companies surveyed by the consulting firm: 54% of the companies surveyed consider that by 2024, their budgets will grow up to 30%, in the quest to be more efficient and increase their productivity.

Key Points: 
  • An IDC study finds that most organizations in Mexico invest up to 20% of their total IT budget in automation solutions.
  • According to the analyst firm, 45% of companies in Mexico are already applying automation to:
    Improve customer experience, through communication channels and customer interaction.
  • From an industry perspective, the most automated companies with more than 27% of their processes automated are in finance, utilities and retail.
  • The automation technologies that more than 74% of surveyed companies in Mexico have adopted are intelligent document processing (IDP) , robotic process automation (RPA) and process automation software.