New ICT Markets
||2017 Spend $M
IoT (Internet of Things) spending is reaching critical mass and mainstream adoption across many industries, having been driven largely by manufacturing use cases in the last few years. China, with its large and innovative manufacturing base, emerged as an early leader in IoT deployments. The market is now at a turning point, with many companies ramping up their investments in both new technologies (like sensors) and related ICT infrastructure (like server/storage).
AR/VR (augmented and virtual reality) is expanding rapidly, driven by a combination of new consumer devices (e.g. virtual reality gaming) and commercial solutions (e.g. in the retail, manufacturing and transport industries). Businesses are becoming more interested in the both augmented and virtual reality use cases, and many companies are testing new technologies in preparation for the next generation of devices.
AI (artificial intelligence) has seen a rush of investment and venture capital in recent years, as interest in this new platform reaches fever pitch. A key component of digital transformation strategies, AI is seen as the next major evolution in the economic benefits of ICT. Forward-looking businesses in every industry are evaluating how to integrate AI with their digital strategy, although US firms emerged as a clear leader in terms of early adoption thanks for strong local ecosystems and software innovation.
Robotics has been driven by major advances in product development over the past few years, with industrial robots becoming more intelligent and easy to integrate with business use cases. The manufacturing industry still leads the way, especially in Asia, but adoption is also increasing in industries such as transport and mining. Robotics is often integrated with adoption of AI, IoT and cloud to create compelling economic benefits.
3D Printing has been around for longer than many realize but has now matured into a mainstream commercial technology which has moved well beyond prototyping and experimentation. 3D Printers are being adopted rapidly by manufacturing firms in countries like Germany, and a new ecosystem of related supplies and services is emerging as a significant market segment.