The analyst firm Gartner has said that IT spending globally is set to increase by 7.5% in 2024. While it sounds good, it's actually a downward revision from the last quarter's forecast.
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Smartphone shipments have grown for a third consecutive quarter, according to Canalys. Shipments expanded by 12% year over year, reaching 288 million units. Disinflation was a main cause.
The analyst firm IDC has reported that the traditional PC market grew by 3% in the second quarter. It said the growth was 5% if you exclude China where the segment is still struggling.
Canalys has predicted that wearable bands will grow this year and next, thanks to interest in basic watches and smartwatches. The basic band category, however, will see two annual declines.
Worldwide tablet shipments grew by 1% during the first quarter after four consecutive quarters of decline year-over-year. Apple managed to hold its top spot but saw a significant decline.
Smartphone global shipments have reached double digit growth for the first time since 2021. The biggest winner year-over-year in Q1 was Transsion followed by Xiaomi, the popular Chinese manufacturer.
Worldwide IT spending is expected to rise by 8% this year, according to analyst firm Gartner. The increase is attributed mainly to the Data Center Systems and Devices segments which are doing well.
Gertner says that it expects 75% of enterprise software engineers to begin using AI code assitants by 2028. This figure compares to just 10% of software engineers who were using them in early 2023.
IDC has reported positive PC shipments for the first time in years. It also said that shipment volumes have reached levels not seen since 2019. It comes as firms begin to push AI PCs.
IDC has outlined its forecast for gaming PCs and monitors. In 2023, gaming monitors did well and growth is expected to continue in 2024. Gaming PCs performed poorly in 2023, read on to see about 2024.
IDC is predicting that 2024 and 2025 will be very good years for PC shipments as individuals and businesses seek to migrate from Windows 10 to Windows 11 before the prior expires in October 2025.
Canalys has forecasted that global cloud spending will increase by 20% this year to around $348 billion. The growth is largely going to be driven by investments into generative AI.
Generative AI services could be a major threat to traditional search engines by 2026, according to Gartner. It said that search engine volumes will drop by 25% in the next two years as people switch.
Tablet shipments have fallen to their lowest levels since 2011, according to analyst firm IDC. It said that Apple had been hit the hardest in Q4 2023 compared to 2022, losing almost 7% market share.
The analyst company Canalys has revealed that smartphone shipments were up year-over-year in the final quarter of 2023. It said that this stabilization could represent the start of a recovery.
The analyst firm Gartner has reported that semiconductor revenues fell in 2023 by 11.1% and that Intel became the top player in the sector replacing Samsung. NVIDIA also saw a big growth last year.
The analyst firm IDC has outlined how it believes generative AI will be used to take over 30% of work in the marketing sector. It could be used to replace reptitive or boring work like SEO.
The analyst firm Canalys has predicted that the global PC market will grow by 8% in 2024 following seven consecutive quarters of decline in 2022 and 2023. Growth is also predicted in Q4 2023.
Worldwide IT spending is set to grow by 8% next year according to the analyst firm Gartner. Cloud spending is set to be a big driver and spending on devices is predicted to increase too.
Enterprise generative AI spending will experience blistering compound annual growth of 73% between now and 2027, according to IDC. Spending in 2027 will reach $143 billion up from $16 billion in 2023.
TrendForce has said that the fourth quarter will see a 3-8% increase in the price of DRAM and NAND Flash. It said that the rate in increase will depend on a few factors on the supply and demand sides.
PC shipments declined again during the third quarter, according to Gartner. It's the eighth consecutive quarter of declines but it expects this trend to be bucked next quarter with the holidays.
Wearable shipments grew in the second quarter following two quarters of decline. Smartwatches saw the most year-over-year growth during the second quarter but hearables had the highest market share.
The analyst company IDC has forecast that gaming PC shipments will decline in 2023 while gaming monitors will grow. Things are expected to improve for gaming PCs in the coming years, however.
Gartner has predicted that electric vehicle prices will reach parity with ICE vehicles by 2027. With prices expected to be similar to ICE vehicles, the adoption of electric vehicles could pick up.
IDC has lowered its quantum computer spending forecasts. It now says spending will reach $7.6 billion in 2027. In a previous analysis in 2021, it stated that spending would hit $8.6 billion.
Generative AI is at the Peak of Inflated Expectations on Gartner's Hype Cycle. According to the company, it is heading for the Trough of Disillusionment next before plateauing in two to five years.
Microsoft Azure managed to grow 26% during the second quarter year-over-year. At that growth rate, it did better than Amazon Web Services but was behind Google Cloud which grew by 31%.
Tablets fell sharply in the second quarter year-over-year while Chromebooks were pretty flat. The position of Chromebooks was described as resilient given the current market conditions.
The analyst company Gartner has predicted that IT spending will increase by 4.3% this year, buoyed by enterprise IT spending. The consumer device segment will decline because of inflation.
Canalys says that the smartphone market is finally showing signs of an early recovery. Shipments have declined every quarter starting in the first quarter of 2022 but now there are recovery signs.
Global PC shipments only declined by 11.5% year-over-year in the second quarter compared to the two prior quarters where shipments fell by more than 30% each quarter. This could lead to a recovery.
Microsoft saw the most public cloud services revenue in 2022, according to the analyst IDC. It said that Microsoft held 16.8% of the market share compared to AWS' 13.5% market share.
IDC has revealed that cloud computing infrastructure spending rose during the first quarter despite the fact that cloud infrastructure unit demand was down by 11.4%. It put this down to inflation.
The analyst company IDC has predicted that spending on IoT will surpass one trillion dollars in 2026. It said the market will have a 10.4% compound annual growth rate between now and 2027.
Microsoft has seen a 32% increase in revenue in its cybersecurity business in the first quarter year-over-year, according to Canalys. It was in the top three companies examined in terms of growth.
PC shipments fell in Western Europe by 37% in Q1 but Canalys believes things could start to turn around in the remainder of the year and into 2024 as people finally start thinking about PC upgrades.
The 4K TV market is expected to see a compound annual growth rate of 19.19% between 2022 and 2027, according to a new report. Issues will affect the sector, however, including a lack of 4K content.
Smartphone shipments globally have declined 14.6% in the first quarter year-over-year. IDC said inventory is still pretty full but good work is being done to help sell these devices to customers.
Semiconductor revenues are expected to fall by 11% this year down to $532 billion. It comes as business demand for electronics has weakened due to the worsening economic conditions.
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