In recent times a prominent breakthrough was achieved. For the very first time, the most relevant five companies around the globe were all the IT industry. While the stock market valuation was an uncertainty. This meant that the technology undermined the giants of energy, healthcare, finance, and manufacturing sectors. In the most complimenting and uncertain ways technology has been shaping the world around us. With the fundamentals of data, cloud mobility and connectivity laid, in future would experience revolutionary evolvements in many fronts. The main driver for small and large companies was business digitalization. Those in efforts of progress will affront advancing and probably new forms of competitive pressure. While those on the correct path will get an opportunity to scrutinize advances in fields like artificial intelligence, IOT, virtual reality, analytics and certainly a few astounding achievements.
Exclusive innovations are on the calendar is a sense of positive belief into 2017. The growth of information technology market is of 4.1% in 2017. If this comes into being then the IT industry growth will upsurge from $ 3.4 trillion to $3.5 trillion by the end of the year. A digital transformation like apps, CDO, and mobile, widening gap of skills, quick innovation supported by cloud adoption, keeping data security on the top priority, evolvement in tech leading the way are some the top five trends that are shaping the IT industry.
Internet of Things
IOT can be defined in many broad ways but it can be represented as a large network that integrates devices and vehicles employing electrical sensors and the IT. It is a network of integrated objects and devices connected with dynamic identifiers that help in transforming data over the network without any reliability on human or machine interaction.
In less complex term, IOT is an interconnection of essentially all the electrical and electronic things in the surrounding. Security of things, automated smart vehicles, digitalized smart factories, automated health sector and new business model are the top internet of things market trends. The IOT market is anticipated to contribute $74524 Million by 2025.
Optical Transport Network Market
A year back, the OTN market for good or bad appeared to be comparatively free of the build-up environment of NFV and SDN. The primitive owners of OTN were not more than the Telco suspects, and 100G had become more usual in the long-haul network, but 10G was dominating in metro and regional networks. Heading ahead, a lot has evolved and will progress in the coming time. In essences, optical software revolution, interconnection in the data center and advancement in 100G, emerging of web giants as a compelling buyer in OTN, the evolution of information technology beyond 100G industry, a fortification in the optical components segment are the top five optical transport network market trends.
The optical transport network market is 12.31% between 2017 and 2025. The market is estimated to grow from $ 13942 million in 2016 to $ 38607 million by 2025. Growth in the size demand and an addition in the bandwidth, growing number of households utilizing the internet and determine SONET/SDH networks issues are the responsible factors for the growth of the OTN market.
Materials engineers and researchers have achieved a milestone in improving methods of synthesis of solids of nanomaterials. The future trends in nanomaterials technology market are remarkable opportunities lies in the re-engineering existent products. The exciting application has opened up an area of chemistry and material science because of its ability to accept electrons.
Carbon nanotubes have shown an exclusive potential in the effective, safe and secure storage of hydrogen gas in fuels cells, increased prospects of varied uses of fuel cells and alteration of internal combustion engine. Nanotubes potential can be further scrutinized in oil and gas industry. The nanomaterial technology market offers a varied range of applications for new gas sensors, chemical sensors, optical sensors and other energy conversion devices to bio plants.
Narrowband IOT Market
Narrowband IOT is an M2M communication IT industry that is particularly amended for IOT (internet of things). The NB IOT modules transmit only a tiny amount of sparse data over a long period of time. The NB IOT has shown healthy development due to various benefits offered by the conventional M2M channels like low consumption of power, less expensive, long battery backup, reliability in connection with a wide field coverage, and deep penetration. Low power connectivity solution and an increase in the interest in the IOT platforms are the drivers in the narrowband IOT market. The narrowband IOT market is anticipated to touch high figures in the Asia-Pacific region.
The latest market research analysis demonstrates that NB-IOT market is evolving rapidly and is expected to grow at 50% CAGR. The latest trends in the NB-IOT market are M2M communication, sensor technology, growth in the IT industry, deployment and autorotation of technology is estimated to lead the market dynamically.
Geographic Information System Market
Geographic information system is a bunch of tools utilized to predict business and geospatial data. It consolidates software, hardware, services, and data for achieving business and geographic reference data. The applications of GIS are finding location details, disaster management, natural resources, transportation, and telecommunication.
The GIS market is estimated to grow from $14.80 billion in 2016 to $48.21 billion in 2025. The market CAGR is 15.90 between 2017 and 2025. Industrialization of intricate data processing and analysis, movement from proprietary to open-source software, a collaboration of geospatial technologies, remote understanding and data capture analysis, development of the web-based application, reliable and fast software, open data and Brexit are key trends influencing GIS in 2017.
Thermal Interface Materials Market
The most crucial issue in the IT industry is overheating. It restricts further minimization, performance, power and reliability. The acceleration of power density in electronic devices has made effective removal of heat a vital issue for the development of communication, information, harvesting, energy, storage and technological lighting. Until the electronic systems are monolithic, there will be a demand for thermal interface materials.
Thermal interface materials are needed to increase the contact amid the surfaces, and decrease thermal interfacial resistance, and raise heat conduction across the interface. Accurate choice of Thermal Interface Materials is vital for the device efficiency. The most effective thermal interface materials are eradicating the requirement for liquid cooling, reduction in system cooling power consumption, reduction in total expenditure of ownership and increase in the operation lifetime. The market is estimated to grow by $ 2163 million by 2024.
Disaster Recovery As A Service Market
Natural disasters are inevitable. They are events triggered either by natural hazards or machine on which one has no control. But IT like monitoring systems and the alert system can keep us much updated with the disaster that has the possibility of happening. Other than alerting, the system can also aid us in recovering or backing-up the vital data automatically that can avoid the company from any losses.
There has been an increase in the adoption of DRAAS lately and is being a vital aspect of all the IT industry due to the dependency of businesses data, as a system, device, and networks become more comprehensive. That leads to a high probability of breakdown. The services and solutions provided for GRASS are through the cloud to minimize the capital and operational costs incurred.