Global semiconductor revenue is projected to grow 14% in 2025 to total $717 billion, according to the latest forecast from Gartner. In 2024, the market is forecast to grow 19% and reach $630 billion. Following a decline in 2023, semiconductor revenue is rebounding and expected to record double-digit growth in 2024 and 2025 (see Table […]
Worldwide IT spending is expected to total $5.74 trillion in 2025, an increase of 9.3% from 2024, according to the latest forecast by Gartner. “Current spending on generative AI (GenAI) has been predominantly from technology companies building the supply-side infrastructure for GenAI,” said John-David Lovelock, Distinguished VP Analyst at Gartner. “CIOs will begin to spend on GenAI, beyond […]
By the end of 2025, 85 million electric vehicles (EVs) – cars, buses, vans and heavy trucks – are expected to be on the road, according to the latest forecast by Gartner. “Despite several hurdles affecting the EV market over the past few months, we are projecting the number of EVs in use globally to […]
By 2026, 30% of enterprises will automate more than half of their network activities, an increase from under 10% in mid-2023, according to Gartner. “Infrastructure and operations (I&O) leaders are increasingly looking to AI-based analytics and augmented decision making, including intelligent automation (IA), to improve operational resilience and responsiveness, address complexity and process increasingly large amounts […]
Veeam Software today announced that Gartner has named Veeam #1 in market share in the Enterprise Backup and Recovery Software market for the first time. Veeam is the top vendor in the Gartner Market Share Analysis: Enterprise Backup and Recovery Software, Worldwide, 2023 report,
Veritas Technologies announced it has been positioned as a Leader in the Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions (EBRSS). Veritas is the only vendor that Gartner has named a Leader in each of its last 19 enterprise backup and recovery software reports.
The worldwide infrastructure as a service (IaaS) market grew 16.2% in 2023, to total $140 billion, up from $120 billion in 2022, according to Gartner, Inc. Amazon retained the No. 1 position in the IaaS market in 2023, followed by Microsoft, Google, Alibaba and Huawei. “Cloud technologies continue to be a major business disruptor, due in […]
Worldwide IT spending is expected to total $5.26 trillion in 2024, an increase of 7.5% from 2023, according to the latest forecast by Gartner. This is a decrease from the previous quarter’s forecast of 8% growth, but an increase of the overall spend forecast of $5.06 trillion. “Generative AI (GenAI) is being felt across all technology segments and […]
Sixty-nine percent of CEOs view sustainability as a leading business growth opportunity in 2024, according to a recent survey of CEOs and senior executives by Gartner, Inc. “As CEOs reset their long-term strategies, environmental sustainability remains one of the leading factors that will frame competition,” said Kristin Moyer, Distinguished VP Analyst at Gartner. “Despite much corporate greenwash, recent […]
Revenue from AI semiconductors globally is expected to total $71 billion in 2024, an increase of 33% from 2023, according to the latest forecast from Gartner. “Today, generative AI (GenAI) is fueling demand for high-performance AI chips in data centers. In 2024, the value of AI accelerators used in servers, which offload data processing from microprocessors, will total […]
