Type of Article: MacTech Blog

Technavio (www.technavio.com) analysts forecast that the global smart wearable lifestyle devices and services market will grow immensely and post a CAGR [compound annual growth rate] of almost 16% during the forecast period of 2016-2020

The smart wearable lifestyle services market in North America was valued at $0.84 billion in 2015 and will reach $2.37 billion by 2020, growing at a CAGR of 23.05%, according to the research group. The market is driven by the early adoption of wearable devices in these regions. The key revenue contributors of this region are US, Canada, and Mexico.

Connected car production is growing rapidly in both mature and emerging automobile markets, according to the latest forecast by Gartner, Inc. (www.gartner.com). The production of new automobiles equipped with data connectivity, either through a built-in communications module or by a tether to a mobile device, is forecast to reach 12.4 million in 2016 and increase to 61 million in 2020, notes the research group.

With the convergence of devices, bots, things and people, organizations will need to master two dimensions of mobility, according to Gartner, Inc. (www.gartner.com) CIOs and IT leaders will need to excel at mainstream mobility and to prepare for the post-app era, adds the research group.

It’s estimated that the global cybersecurity job postings is around one million and more than 200,000 cybersecurity jobs in the U.S. alone were unfilled in 2015 which was up 74% over the previous five years.  The cybersecurity market is expected to grow from $75 billion in 2015 to $170 billion by 2020 according to recent industry reports and it is estimated that the global cybersecurity workforce will have 1.5 million jobs unfilled by 2019, according to Identity Management Institute (http://www.identitymanagementinstitute.org).