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RingCentral, a US-based provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, has recently expanded its artificial intelligence (AI) platform “RingSense” across its portfolio. However, there remains a need for a compelling draw that can entice customers away from competitors such as Cisco, Zoom, Microsoft and Google, according to GlobalData, […]
Global generative AI revenue to grow at 80% CAGR over 2022-27, forecasts GlobalData
Generative artificial intelligence (AI) will see explosive growth over the next several years, driven by ongoing research and development coupled with increasing commercial applications across all sectors. Generative AI revenue is forecast to increase at a compound annual growth rate (CAGR) of 80% between 2022 and 2027, growing from $1.75 billion in 2022 to $33 […]
Fixed communication service revenue to grow at 5.2% CAGR over 2023-2028 in Philippines, forecasts GlobalData
The total fixed communication services revenue in the Philippines is expected to increase at a compound annual growth rate (CAGR) of 5.2% from $3.8 billion in 2023 to $4.9 billion in 2028, mainly driven by the strong growth in fixed broadband segment, according to GlobalData, a leading data and analytics company. GlobalData’s latest Philippines Fixed […]
Global enterprise cloud computing market to reach $1.4 trillion in 2027, forecasts GlobalData
The total revenue opportunity for cloud computing in the enterprise segment is poised to reach $1.4 trillion in 2027 globally, driven by positive IT investment sentiment seen among enterprises globally, and the large-scale automation and IT modernization initiatives taken up by them, forecasts GlobalData, a leading data and analytics company. Sandeep Kolakotla, Technology Lead Analyst […]
Key generative AI announcements affect global IT economies and reshuffle AI ecosystem, reveals GlobalData
Key generative AI (GenAI) announcements made in recent weeks have the potential to significantly threaten cloud platform rivals and reshuffle the industry’s AI ecosystem, while directives by national governments will impact global IT economies, says GlobalData, a leading data and analytics company. GlobalData has just released its first quarterly Generative AI Watch Newsletter, serving as […]
Samsung Galaxy Watch 6 series smartwatches disappoint as they lack innovative features, says GlobalData
Following the news that Samsung has unveiled Galaxy Watch 6 series smatwatches at the second edition of its flagship event Galaxy Unpacked 2023 in Seoul, South Korea; Ardit Ballhysa, Technology Analyst at GlobalData, a leading data and analytics company, offers his view: “Samsung’s new smartwatches are void of any innovation. They do not introduce new […]
Z Fold5, Z Flip5 cement Samsung lead despite increased competition, says GlobalData
Following the news that Samsung has unveiled foldable flagship smartphones Z Fold5 and the Z Flip5 at the second edition of its flagship event Galaxy Unpacked 2023 in Seoul, South Korea; Anisha Bhatia, Senior Analyst at GlobalData, a leading data and analytics company, comments: “Z Fold5 and the Z Flip5 will firmly cement Samsung’s lead […]
Indonesia pay-TV service revenue to reach $1.5 billion in 2027, forecasts GlobalData
The pay-TV service revenue in Indonesia is set to increase at a compounded annual growth rate (CAGR) of 4% from $1.2 billion in 2022 to $1.5 billion in 2027, with the continued rise in pay-TV accounts and no obvious cord cutting trend seen in the country, forecasts GlobalData, a leading data and analytics company. GlobalData’s […]
Fixed communication services revenue to grow at 2% CAGR during 2023-2028 in Malaysia, forecasts GlobalData
The fixed communication services revenue in Malaysia is expected to increase at a compound annual growth rate (CAGR) of 2.0% from $1.9 billion in 2023 to $2.1 billion in 2028, supported by the fixed broadband service segment, forecasts GlobalData, a leading data and analytics company. GlobalData’s Malaysia Fixed Communications Forecast (Q2 2023) reveals that the […]
Mobile service revenue in Malaysia to increase at 2.3% CAGR over 2023-2028, forecasts GlobalData
The total mobile service revenue in Malaysia is poised to increase at a compounded annual growth rate (CAGR) of 2.3% from $5.3 billion in 2023 to US$6.0 billion in 2028, primarily driven by the mobile data services segment, according to GlobalData, a leading data and analytics company. GlobalData’s latest Malaysia Mobile Broadband Forecast (Q2 2023) […]
US Cyber Trust Mark program positive move but might lead to false sense of security, says GlobalData
Following news that Biden administration plans for the “US Cyber Trust Mark” program, which will provide cybersecurity certification and labeling for smart devices; Tammy Parker, Principal Analyst at GlobalData, offers her view: “Cybercrime is here to stay, and deployment of countermeasures resemble a game of cat and mouse as bad actors continually innovate, requiring device […]
Philippines mobile services revenue to grow at 2.7% CAGR over 2023-2028, forecasts GlobalData
The total mobile services revenue in the Philippines is set to increase at a compound annual growth rate (CAGR) of 2.7% from $3.8 billion in 2023 to $4.3 billion in 2028, mainly due to the rising adoption of mobile data services, according to GlobalData, a leading data and analytics company. According to Global Data’s Philippines […]
Nothing to face tough times in US without carrier partnerships, says GlobalData
Following the launch of UK-based Nothing Technology’s Phone (2) in the US; Ardit Ballhysa, Technology Analyst at GlobalData, a leading data and analytics company, offers his view: “The number one priority for Nothing in the immediate future should be to offer support for Verizon’s network on its Phone (2) and strike carrier partnerships with all […]
GlobalData evaluates AI platforms in light of new generative AI developments
Generative AI (GenAI) caused a momentous shift in the enterprise AI platform market in early 2023. During the spring of 2023, all major cloud-based enterprise AI platform providers scrambled to launch their own large language models and services and offer tools to support the deployment of GenAI on their platforms. Almost overnight, AI platform providers […]
Microsoft, Salesforce generative AI investments drive innovation in low-code platforms, reveals GlobalData report
The digital transformation era has brought forth the need for accelerated app development and intelligent automation, prompting innovative enterprises to investigate how they can utilize emerging technologies in their businesses. Under this backdrop, Microsoft and Salesforce have been named leaders in the low-code space for their integration of generative AI, according to GlobalData, a leading […]
Multiplay service revenue in South Korea to reach $6.6bn in 2027, forecasts GlobalData
South Korea’s multiplay service revenue is projected to experience a gradual yet consistent growth throughout the forecast period. It is anticipated to climb from $6.1 billion in 2022 to $6.6 billion in 2027, displaying a compound annual growth rate (CAGR) of 1.7%. This growth will be sustained by an increasing number of multiplay households and […]
Indonesia mobile service revenue growth to remain tepid over 2022-2027, forecasts GlobalData
Indonesia’s mobile service revenue is poised to grow at a mere 0.3% compound annual growth rate (CAGR) from $10.4 billion in 2022 to $10.6 billion in 2027, with continued decline in mobile voice revenues outweighing steady progress in the mobile data service segment, according to GlobalData, a leading data and analytics company. GlobalData’s Indonesia Mobile […]
Malaysia SVoD household penetration to reach 41% in 2027, forecasts GlobalData
The household penetration of subscription video on demand (SVoD) services in Malaysia is expected to increase from 22% in 2022 to 41% in 2027, driven by the increasing consumer preference towards SVoD platforms as broadband services continue to improve in the country, forecasts GlobalData, a leading data and analytics company. GlobalData’s Malaysia Subscription Video on […]
Australia SVOD service revenue to grow at 8.2% CAGR over 2022-2027, forecasts GlobalData
The subscription video on demand (SVOD) service revenue in Australia is expected to increase at a compound annual growth rate (CAGR) of 8.2% from $1.9 billion in 2022 to $2.8 billion by 2027, driven by a healthy growth in SVOD subscriptions, and steady rise in the average monthly revenue per unique SVOD household, according to […]
Apple WatchOS 10 redesign offers more personalized user experience, but battery optimization remains key challenge, says GlobalData
Following the news that Apple has unveiled watchOS 10 with new widgets and redesigned apps at the much-anticipated Worldwide Developers Conference (WWDC) 2023; Ardit Ballhysa, Technology Analyst at GlobalData, a leading data and analytics company, offers his view: “Apple’s smartwatch operating system, WatchOS, has proven extremely successful over the last eight years since its debut […]