IDC stories

Worldwide spending on ICT is forecast to grow steadily through 2027 with a 5.7% CAGR, following a slightly slower 2023.

IDC research reveals 1 in 4 European organisations report data security as their biggest obstacle in sharing data and collaborating within their organisation.

Salesforce's partner ecosystem will create a net gain between 2022 and 2028 of more than $2 trillion in business revenues and 11.6 million jobs. 

"Over the past 10+ years, Ricoh has evolved from a document-centric organisation focused on office equipment, document management, and related services, to a data-centric company."

“5G phone adoption has been slow due to challenges on both the demand and supply sides. 5G smartphone share is still very small compared to 4G smartphones."

By 2024, 75% of large enterprise firms will implement purpose-specific ESG data management and reporting software.

“With adverse economic conditions and cautious consumer sentiments, it’s not surprising to see a slowdown in overall PC sales."

The consumer demand remained subdued for most of 2Q23 but there was recovery in June as the end-of-financial-year sales lured consumers to attractive deals on smartphones.

"Longer refresh cycles are tapering the rate of growth over the long run, preventing the total available market from reaching pre-Covid levels."

Although annual spending growth is expected to slow slightly over the 2023-2027 forecast period, the market is forecast to achieve a five-year CAGR of 19.9%.

The road to recovery for PCs has been challenging coming off explosive years in 2020 and 2021, but signs of growth are finally returning, IDC finds.

Demand for tablets continued to be weak in the quarter and most of the top vendors recorded double-digit declines as consumer confidence and purchasing power remained low.

Executives are facing unprecedented pressures around adopting GenAI, addressing ever-increasing data complexity, and managing a growing skills gap.

Nearly all this growth will come from ongoing investments in public cloud software, which is expected to represent more than two thirds of all enterprise applications revenue.

The overall weak demand has caused inventory levels to remain above normal for longer than expected. This includes finished systems at the channel level, as well as the supply chain.

Most organisations rank their public cloud provider as their most strategic technology partner, with general agreement among IT leaders and business leaders.

Smart speakers and networked video entertainment devices faced the steepest declines in the first quarter, down 15.4% and 7.8% respectively compared to the prior year.

Investments in the IoT ecosystem are expected to surpass $1 trillion in 2026 with a CAGR of 10.4% over the 2023-2027 forecast period, the analysts find.

According to the IDC, demand for improved resiliency and automation will drive the European software market growth until 2027.

The study, polling 160 senior decision-makers within manufacturing companies, identifies the areas in which manufacturers can maximise growth.

AVEVA has announced that it has been positioned in the Leaders Category in the IDC MarketScape: Worldwide Process Manufacturing Execution System 2023 Vendor Assessment.

According to IDC, AR/VR headset shipments will slow in Q1 2023 as the market awaits wide availability of next-generation headsets.

Huawei Cloud Stack has been ranked No. 1 in China's self-built dedicated financial cloud infrastructure market for the fifth year running.

As demand tapered, retailers continued to offer aggressive promotions to reduce the growing inventory. Vendors also incentivised channel to take on more stock.