Data [New] Mobile data revenue will grow over 2019-2024, at a CAGR of 10.2%, driven by a rise in data ARPS and growth in mobile Internet subscriptions. [New] The value of the European Data Market is expected to reach 75.2 Billion Euro for the EU28, with a growth rate of 4.9% in 2019, with an increased growth rate of 6.6% in 2020. [New] By 2025, the post-Covid Baseline scenario foresees strong growth rates resulting in a value of 80 Billion Euro for the European Data Market (compared to 82.5 Billion Euro in the pre- Covid scenario) and 516 Billion Euro for the Data Economy (compared to 550 Billion Euro in the pre-Covid scenario). [New] The Data Market is forecast to reach 107 billion Euro in the EU27, with a compound annual growth rate of 11.5% between 2025 and 2020. [New] On environmental sustainability, the EU Commission expects data centres and telecommunications technology to become more energy efficient, use more renewable sources and become climate neutral by 2030. [New] In the coming years, data from both visa applications and travel authorisations will be used as a source of data for another new EU database currently under construction, called the Common Identity Repository. [New] Based on data for the first four months of 2020, and on the assumption of a gradual recovery in the global economy, the IEA expects total primary energy demand in 2020 to drop in all major regions and to contract globally by around 6%. [New] Preliminary data about GDP in Q1 2020 confirm that decline of Czech economy will be deep as Czech economy contracted by 3.3% in qoq terms versus contraction of EU economy by 3.5% and of Eurozone by 3.8%. Edge computing is going to grow over the next two years with companies turning to cloud hosting for capacity, with a 33% greater adoption for data centre capacity supporting stores and a 87% greater adoption for data centre capacity supporting distribution centres. Some Japanese food manufacturers are using internal and external data plus advanced analytics to meet government targets for curbing food loss by as much as 20% by 2030. The forecast for the future is hinting at the growth of big data usage, with expected revenue of $274 billion in 2022, which is a staggering 62% increase from 2018 revenue. Global Internet Protocol (IP) traffic in 2021 will be double that of 2018, approaching 400 Exabytes/month (1 EB equals 1 billion GB) in 2022; and that global traffic from data centres in 2021 will also almost double, to more than 20 Zettabytes (1 ZB equals 1 trillion Gb). With COVID-19 creating a new paradigm in the way many of us work, the demand for data will continue to accelerate significantly over the coming years. Berg Insight expects in the next years a rapid increase in the uptake of smartphone-based solutions in all markets as well as an increase in the use of OEM telematics data in insurance telematics programs. APT trends in 2020 predict more sophisticated attacks using artificial intelligence (AI) and deep fakes to access personal data. The volume of data produced in the world is growing rapidly, from 33 zettabytes in 2018 to an expected 175 zettabytes in 2025. The $4.5bn DRaaS market is the fastest growing segment for data protection use cases, growing at 15% on a compound annual growth rate for the year 2019 to 2023. Data-driven algorithms that would be meaningful in clinical practice are part of a robust AI sector in health care: The market is valued at $5.9 billion this year and is forecast to grow to $31.3 billion in revenue by 2025. In 2019, LinkedIn ranked data scientist the No. 1 most promising job in the U.S. based on job openings, salary, and career advancement opportunities and reported a 56% rise in job openings for data scientists over the previous year. Spending on data center systems is projected to fall by 10.3% in 2020, spending on IT services will drop by 6.8%, spending on enterprise software will decline by 5.7%, and spending on communications services will decrease by 3.3%. All of the five major IT segments will be hit by a decrease in spending in 2020, including data center systems, enterprise software, devices, IT services, and communications services. As Industrial Revolution 4.0 is ushered into mainstream culture and produces an ever-increasing deluge of information, the collective sum of world data will grow from 33 zettabytes (ZB, 1021) in 2018 to 175 ZB by 2025, with a compounded annual growth rate of 61%. Juniper Research expects the cost of a data breach in late 2020 to exceed $150 million - which is unfortunate news for the small businesses that experience 43% of cyber attacks. See full forecast Last updated: 09 August 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
