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IDC Releases 2016 IT Market Predictions

susangaler
Advisor
Advisor
‎11-04-2015 6:19 PM

Cloud is the new foundation for business applications, scale is the new critical ingredient for business success, and managing hybrid, multi-vendor environments needs to take center stage. These are among the top ten 2016 global market predictions from research firm IDC. Senior Vice President and Chief Analyst Frank Gens recently presented the forecast during an online conference. Here's a quick summary of their look ahead for the next few years.

  1. By the end of 2017, two-thirds of the CEOs of global 2000 enterprises will have digital transformation at the center of their corporate strategy
  2. By 2017, over 50% of organizations' IT spending will be for third platform technologies (cloud, mobile, social business and big-data analytics), solutions, and services, rising to over 60% by 2020
  3. By 2018, at least half of IT spending will be cloud-based, reaching 60% of all IT infrastructure and 60-70% of all software, services, and technology spending by 2020
  4. By 2018, enterprises pursuing digital transformation strategies will more than double software development capabilities; two-thirds of their coders will focus on strategic digital transformation apps and services
  5. By 2018, enterprises with digital transformation strategies will expand external data sources by at least 3- to 5-fold and delivery of data to the market by 100-fold or more
  6. By 2018, there will be 22 billion internet of things devices installed, driving the development of over 200,000 new internet of things apps and services
  7. By 2018, over 50% of developer teams will embed cognitive services in their apps (vs. 1 percent today), providing U.S. enterprises with over $60 billion annual savings by 2020
  8. By 2018, over 50% of enterprises will create and/or partner with industry cloud platforms to distribute their own innovations and source others'
  9. By 2018, 80% of B2C and 60% of B2B enterprises will overhaul their "digital front door" to support 1,000 to 10,000 times more customers and customer touch points
  10. By 2020, more than 30% of the IT vendors will not exist as we know them today, requiring realignment of preferred vendor relationships

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