Find out what ITCandor sees ahead for the ITC industry in 2024 Read more »
ITCandor ITC Predictions 2024 – good and evil
9. Quantum computing will come of age, creating analytic breakthroughs in HPC
Like AI, quantum computing has promised to deliver big benefits to society over the last few years. I believe we will see substantial improvements in its use for scientific and mathematical analytics in 2024 – benefiting its developers (IBM, Google and others). I hope that its legitimate use outstrips the […] Read more »
10. War and terrorism will keep gas and oil prices high, slow the move to green energy and negatively affect ITC supply chains
The ITC market was once new, offering potential savings in automation and productivity enhancement for early adopters. By 2024 it has become an essential part of almost every product and service we purchase. The market is so large that its size and growth is bound to be tied to the […] Read more »
1. The total ITC market will see zero spending growth, remaining level at $7.1 trillion
The 2021-2023 flat-line growth in spending of the ITC industry looks likely to continue. My first prediction (see my Figure above) is for total spending to remain at its current $7.1 trillion level for another year. Although inflation in many markets has been successfully reduced, we have yet to see […] Read more »
3. Of the major country markets Japan will see the strongest spending growth in 2024
At a country level sales in the USA will continue to be far the largest (31% of the world), although I expect the 2024 total will be very slightly down on 2023. I expect Japan and Australia to see the strongest growth (2.6% in both). Of the other major country […] Read more »
4. Software spending growth will be stronger than in IT Services; Telecommunications and hardware sales will decline
In my research I split ITC offerings into 4 mutually exclusive categories. In 2024 I expect that IT Services will remain the largest (39% of the total) with growth in the year of 1.7%. Software (now larger than both Telecommunications and Hardware) will see the strongest growth (5%). I expect […] Read more »
5. Sales by offering – Software as a Service spending will grow most; Implementation IT services will be the largest
I split the 4 categories in my research into 32 separate offerings; of these I expect Software as a Service (SaaS) to see the greatest growth in 2024 (14%), followed by Operating Systems (10%), IaaS (9%) and PaaS (9%). Sales of Implementation services (12%) and Applications (11%) will be the […] Read more »
7. Generative AI – especially from large public cloud suppliers will continue to grow at tremendous rates
Artificial Intelligence (AI) has been threatening to take a lead role as a revenue generator in our industry for many years. 2023 was a year in which we saw very dramatic growth from the specialist suppliers involved. My Figure above shows Nvidia’s reported ‘datacenter’ revenues by quarter; this is where […] Read more »
8. State-sponsored cyber criminals will continue to influence/interrupt/disrupt national elections in the USA and UK
Both the USA and the UK will have general elections in 2024. Politics in both countries have been badly affected by international (mainly Russian) interference in the past; I believe that the UK’s decision to leave the EU for instance would not have been taken were it not for the […] Read more »
ITCandor 2023 predictions – a self-assessment
An internal assessment of my predictions for 2023. Read more »
Storage capacity shipments fall – the end of exponential growth?
Poor performance in the sales of raw data storage devices is contributing to the softness of the current ITC market; does this represent a temporary or permanent change in the storage market? Read more »
2023 ITC predictions – give Peace a chance!
My 10 predictions for the ITC market worldwide in 2023. Enjoy! Read more »
ITCandor 2022 predictions – a self-assessment
Before publishing my predictions for 2023, it’s time to appraise those made for this year – which covered most of the third year of the pandemic. As always, I’ve marked each between 1 and 10 based on their accuracy. No. My top 10 predictions Score Comment 1 The total ITC […] Read more »
Mobile devices – the battle between East and West for a $545 billion market
The mobile device market is massive – in 2021 there were 1.7 billion shipments worth $545 billion and an installed base of 3.7 billion. Growth in the year was 25% in spending and 8% in shipments, although the installed base didn’t grow. The number of non-Internet enabled basic phones and […] Read more »
ITCandor’s 2022 predictions for the New Year
I’m not surprised my predictions of 2021 were more inaccurate than in earlier years. We are living through unprecedented changes in society due to serious weather events created by global warming, an on-going pandemic with the potential for devastating viral mutation, serious territorial conflicts between Russia and the Ukraine, China […] Read more »
Spending in the Americas grows 8%, Asia Pacific 6% and EMEA 2%
ITC spending in the Americas will grow the most (by 8%to $2.8 trillion) largely due to the USA’s more interconnected economy, greater wealth and an easier path to ‘building back better’ and the strength of the dollar. Read more »
Global supply chain problems continue, extending hardware life cycles and second-hand sales
Many of us forgot how dependent the just-in-time delivery of IT and communications offerings was on a successful, growing economy. Disruptions in the last few years have largely been blamed the effects of the pandemic on component manufacturing, although we should also look at increased nationalism (Trump, Putin, Brexit, etc.) […] Read more »
Government counter-measures fight back against cyber crime
It’s been a long time since we were able to protect our computer environments just through purchasing and running ant-virus software. We now have safeguarding, monitoring and counter-measures to address the many threats – helping to create a preparedness to handle, isolate and recover from attacks. Cyber criminals have grown […] Read more »
The total ITC market grows by 4% to reach $7.6 trillion; net profit, by 9% to $1.3 trillion
Spending on ITC in 2022 will grow 4% to reach $7.5 trillion and vendors will grow their net earnings by 5% to $1.2 trillion; both of these sums will be world records. Read more »
Spending on software grows 7%, IT service and hardware by 5% each, while spending on telecom service stays level
Spending on IT services (the largest of the four categories) will grow by 5% to reach $2.6 trillion in 2022. Read more »