IT Spending by Region and Industry

Format: 2016-12-04
Format: 2016-12-04
December 01, 2016 | 57 Pages | SKU: IRTNTR10990

Overview of the global IT spending in energy sector market

Market research analysts at Technavio predict that the global IT spending in energy sector market will grow steadily during the next four years and post a CAGR of more than 3% by 2020. This market research analysis identifies the increased spending in public sector projects as one of the primary growth factors for this market. The focus of several countries such as the US and the UK towards modernizing the energy sector has resulted in increased public sector spending. For instance, to support the modernization of the energy department in various functions including clean energy, nuclear security, and science and innovation, the President’s budget in the US has already sanctioned USD 32.5 billion for FY2017. Similarly, the government of UK has also sanctioned approximately USD 65 million over the next five years towards the implementation of smart technologies for the energy sector.

One of the major trends that will gain traction in this market is the evolution of digital oil field framework. The need to boost production to meet the rising demand, will induce oil and gas companies to automate their workflows and will also create the need for the integration of information technologies to enable better collaboration. This will result in the adoption of digital oil field framework that connects oil fields to office workspaces and helps in ensuring safe and secure operations.

Competitive landscape and key vendors

Due to the presence of a considerable number of vendors, this market appears to be fragmented. The market is highly competitive and is dominated by the major vendors such as Dell, Infosys, IBM, and SAP. With the increase in innovations the market’s competitive environment will intensify


October 26, 2016 | 62 Pages | SKU: IRTNTR10672

Overview of the global contact center market

Market research analysts at Technavio predict that the global contact center market will grow steadily during the next four years and post a CAGR of almost 11% by 2020. This market research analysis identifies the digital transformation of contact centers to enhance customer services and revenue generation as one of the primary factors that will have a positive impact on the growth of the call center market in the coming years. The increased adoption of mobile devices such as smartphones and tablets and the rise in usage of social media platforms, induces enterprises to adopt next-generation IT solutions. Focusing on reducing their ownership costs and enhancing customer services, customer contact centers will start preferring cloud computing solutions and will also concentrate on implementing advanced biometrics systems. Moreover, end-to-end digitization in several industries such as retail, banking, telecom, and healthcare will also compel contact center service providers to offer improved services using advanced technologies.

This market research and analysis predicts that in terms of geographical regions, the Americas will be the major revenue contributor to the contact center market throughout the forecast period. This mainly attributes to the increased adoption of advanced IT solutions such as speech analytics, voice biometrics, and robotics by the contact center companies in this region. Latin American countries such as Brazil, Costa Rica, Guatemala, and Argentina will be the key regions accounting for major market shares.

Competitive landscape and


September 30, 2016 | 60 Pages | SKU: IRTNTR10550

Overview of the global LAN as a service (LANaaS) market

Market research analysts at Technavio predict that the global LANaaS market will grow impressively during the next four years and will post a CAGR of more than 30% by 2020. This market research analysis identifies the increased adoption of the Internet of Things (IoT) as one of the primary growth factors for this market. Rapid urbanization, migration of people to urban areas, and the rise in development of smart cities, have resulted in the exponential increase in the number of smart connected devices. This will rise the demand for M2M and machine-to-human (M2H) communications since they help users easily manage, monitor, and maintain connected devices. IoT uses several technologies such as Wi-Fi, radio frequency identification (RFID), sensors, barcodes, and GPS which mandate the requirement of effective connectivity solutions to ensure the stability of their smart city projects. Since LANaaS-enabled services provide low-cost connectivity solutions for smart connected devices, the coming years will witness a rapid increase in their demand.

The increased adoption of on-demand LAN will be one of the major trends that will gain traction in this market in the next few years. The increasing popularity of LANaaS and wide area network as a service (WANaaS) will result in the adoption of on-demand networking solutions. On-demand services provide flexible networking options with minimal upfront costs. Vendors such as Cisco


September 22, 2016 | 71 Pages | SKU: IRTNTR10348

Global outlook of the IT spending in smart home market

Technavio’s market research analysts predict the global IT spending in smart home market to grow steadily during the next four years and post a CAGR of more than 18% by 2020. This industry research report identifies the increased use of smart sensor technology to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The growth in the development of smart cities has resulted in the increased adoption of advanced IT solutions, such as M2M communications and analytics. Smart sensors are used to support smart projects such as smart traffic, smart lighting, smart waste management, and also in monitoring smart grids. Moreover, the implementation of the Internet of Things (IoT) in infrastructure development also results in the adoption of smart sensor technology, where the sensors are used to enable devices detect gestures and motions that help in making real-time decisions.

The increased adoption of voice-controlled intelligent systems is one of the major trends that will gain traction in this market during the forecast period. Used to control and automate smart home devices through voice commands, these systems can be easily programmed to perform specific tasks. Additionally, technological advancements in voice intelligent systems will attract several software developers to develop solutions that simplify communication systems in smart homes. One of the leading companies ABB, has already introduced


September 07, 2016 | 67 Pages | SKU: IRTNTR10217

Overview of the global IT spending in cold chain logistics market

According to the market research analyst at Technavio, the global IT spending in cold chain logistics market will grow steadily and post a CAGR of around 8% by 2020. The increasing wastage of temperature sensitive food, vaccine, and other products will lead to an augmented demand for an effective management system for temperature sensitive products. The majority of the cold chain storage lack adequate temperature management systems and do not maintain the desired temperature level as per regulatory guidelines, which leads to increased wastage of temperature-sensitive drugs and vaccines. Also, food wastage causes critical damage to the environment due to inadequate waste disposal methodologies. This has compelled manufacturers to invest in technologies, such as smart refrigerator system powered by IoT (internet of things), analytics, and cloud computing solutions. Also, perishable logistics are specifically designed to manage the temperature sensitive products in fluctuating climatic conditions and will drive this market’s growth during the estimated period.

The recent emergence of IoT will help in the growth of the market. The installation of smart connected devices and sensors in cold storage facilities and movable containers captures will send real-time temperature data to the SCM (supply chain management) management team. With the help of IoT technology, high variations in temperature can be detected at early stages due to system malfunctions and firms can take necessary steps to avoid damage to the products stored in cold storage


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


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