IT Spending by Region and Industry

Format: 2016-08-26
Format: 2016-08-26
July 28, 2016 | 74 Pages | SKU: IRTNTR8429

Market outlook of the global defense IT spending market

Technavio’s research analyst predicts the global defense IT spending market to grow at a CAGR of about 2% during the forecast period. The increased adoption of IT solutions for modernization of the defense sector is driving market growth. Modernization of the defense sector is crucial given the political and economic uncertainties today. Most countries such as India, China, Vietnam, Russia, Poland, and France are increasingly spending on IT solutions to support defense modernization. Developed countries are also in the process of revamping their defense planning and policies, which will also result in the increased adoption of IT solutions.

However, data security and privacy concerns remain a challenge for the growth of the market. Loss of sensitive data can become a threat to the country. It is critical to encrypt data and protect them from cyber-attacks. The initial cost to implement next-generation firewalls and intrusion detection systems in military bodies is expected to be high in the coming four years. 

Geographical segmentation and analysis of the global defense IT spending market

  • Americas
  • APAC
  • EMEA

The Americas has the highest defense budget in the world. During 2015, the US accounted for 34% of the global military expenditure. Increased terrorist activities and the recent Paris attack by the Islamic state group have forced European countries to invest more on defense planning and adopt IT solutions. Military expenditure in the Middle East and Africa also increased significantly during 2015.

Competitive landscape and key vendors

The global defense IT spending market is expected to grow significantly over the forecast period. Governments of


April 18, 2016 | 72 Pages | SKU: IRTNTR8849

Overview of the global DevOps platform market

Technavio’s market research analyst predicts that the global DevOps platform market will grow at a significant CAGR of around 19% during the forecast period. Standardized platforms are very essential to developers as well as operational teams during the process of developing software packages. Until a few years ago, software development was done without the use of intermediary technologies to synchronize the work done by developers and IT administrators. DevOps is the solution to this issue as it helps to speed up the overall software development process. With the help of this platform, developers are able to work in collaborative environments and deliver the products required by their clients efficiently. Since many IT companies are using this technology, a surge in its demand will drive the prospects for market growth during the predicted period.

With the advent of cloud computing, many software development companies have started to shift towards platform as a service (PaaS). PaaS is an IT environment, which is specifically designed to support all test and development processes. Platform vendors offer automation and other tools in the cloud, which can be then be used to consolidate and integrate applications into user-platforms. This helps IT organizations to get the necessary automation in the cloud, making PaaS imperative to those who want to automate, test, and develop services. PaaS helps users to rectify issues in application configuration management, template management, and zero-downtime while deploying new releases. Increased use of PaaS along with other developments is expected to have a positive impact on market growth during the forecast period.

Segmentation by end user and analysis of the DevOps platform market

  • IT
  • BFSI
  • Telecom
  • Retail

The IT segment dominated the


Outlook of the global information technology (IT) spending in railways market

Technavio’s market research analyst has estimated the global information technology (IT) spending in railways market to grow at a CAGR of almost 16% over the forecast period. Recently, it has been observed that many countries from across the globe have increased their IT spending in railways to modernize the existing rail infrastructure as it lacked operational efficiency and had serious security issues. Since the implementation of IT in railways enhances the quality of service, end users in the railway sector have started implementing IT solutions for video surveillance, alarm systems, site access control, equipment telemetry, and remote access monitoring. In the railways sector, the ability of IT to prevent accidents and to aid during emergencies will result in its increased implementation during the predicted period.

In terms of geography, Technavio’s market research analyst has estimated the EMEA region to be the largest market for IT spending in railways during the forecast period. The prospects for growth in this market can be attributed to the investments made by the region's governments to develop smart cities. Factors such as the development of intelligent infrastructure and the augmented utilization of telematics will aid in the growth of this market in EMEA.

Category-based segmentation of the IT spending in railways market

  • Services
  • Software
  • Hardware

Technavio’s market research analysts have estimated the services market segment to be the largest market segment during the forecast period. The railway’s augmented spending on IT services like outsourcing, project-oriented, and support services will result in the steady growth of this market segment. This comprehensive market analysis has shown that the services segment will account for an impressive


March 04, 2016 | 66 Pages | SKU: IRTNTR8313

Market outlook of the IT spending by SMBs

Technavio’s research analyst predicts the global IT spending by SMBs to grow steadily at a CAGR of close to 6% during the forecast period. The need for cost reduction and efficiency is the primary growth driver for this market. The SMB sector plays a significant role in the growth of a country’s GDP, employment, and exports. Despite its size, the sector remains plagued with many challenges. It is fragmented and unorganized, lacks support from top management, and has funding issues and supply chain inefficiencies. Also, this sector is facing global competition from developed nations. Therefore, it has become imperative for this sector to streamline processes and operations, adopt best practices, and use technology to improve the overall operational efficiency and enhance quality.

Top executives of SMB units are always under pressure to shrink IT costs. Therefore, to minimize costs, SMBs are deploying low-cost IT solutions such as cloud computing that are flexible, scalable, and reliable. This research report predicts, virtualization of IT aimed at minimizing both CAPEX and OPEX of SMBs to emerge as the next big thing in the IT industry until 2020.

IT spending segmentation and analysis by SMBs

  • Software
  • Hardware
  • IT services

The IT services segment dominated the market during 2015 with a share of close to 45%. SMB firms are selecting IT-as-a-service deployment model such as SaaS, IaaS, and PaaS to implement on-demand, flexible, scalable, and agile IT solutions. With the upsurge of cloud computing services, organizations are set to invest in cloud-based solutions as per their IT budget.

Segmentation by end-user and analysis of the IT spending by SMBs


    December 23, 2015 | 70 Pages | SKU: IRTNTR8151

    Market outlook of the retail IT spending market

    Technavio’s research analyst predicts the global retail IT spending market to grow steadily at a CAGR of close to 4% during the forecast period. Increased need to find customer insights from a large pool of structured and unstructured data is a major driver for investment by retailers on big data analytics technology.

    This research report also covers the role of SMAC technology in shaping the growth of the market. Retailers focus on right product assortment for the right stores, depending on the store's attributes, local customer demand, and product preference. Technavio expects analytics platforms to quickly gain popularity among CMOs as a secure and easy to use option. With this, IT spending in retail is expected to significantly improve customer satisfaction in the upcoming four years.

    Product segmentation and analysis of the global retail IT spending market

    • Hardware
    • Software
    • IT services

    IT services accounted for the largest market share with more than 35% in 2015. However, as per the market forecast, the software segment is likely to witness the fastest growth until 2019 due to high demand emerging from the e-commerce market.

    Geographical segmentation and analysis of the retail IT spending market

    • Americas
    • APAC
    • EMEA

    In 2015, North America outpaced the growth of retail software market in BRIC countries posting a growth of more than 5% from 2014. The market is driven by growing investments in payment systems, omnichannel integrations, data security, and mobile proliferation and engagement.

    Competitive landscape and key vendors


    December 09, 2015 | 63 Pages | SKU: IRTNTR8149

    Market outlook of the healthcare SCM market

    Technavio’s research analyst predicts the global healthcare SCM market to grow steadily at a CAGR of 10% over the next four years. The need to improve traceability in the healthcare SCM system is the primary growth driver for this market. Healthcare SCM helps organizations with labor optimization, financial management, and smooth flow of information throughout the entire supply chain.

    Over the years, many SCM software solutions have been developed by the leading players in this market in a bid to reduce errors related to procurement of healthcare devices. . Ongoing efforts to implement GS1 standards as a tool to improve healthcare SCM systems will further augment the adoption of SCM in the healthcare sector during the forecast period.

    Segmentation and analysis of the healthcare SCM market

    • Supply chain planning
    • Warehouse management system

    The supply chain planning segment dominated the market in 2015, with a market share of close to 80%. Supply chain planning solutions provide real-time information about the shipment of the products, which enhances traceability.

    Geographical segmentation and analysis of the healthcare SCM market

    • Americas
    • APAC
    • EMEA

    The Americas accounted for approximately 55% of the market share in 2015. The growth of the healthcare SCM market in the region can be attributed to the healthcare reforms implemented by different countries such as the Affordable Care Act in the US, which is also known as ObamaCare. The need to enhance supply-chain systems in the Americas is primarily driven by risk management and


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