Type of Article: MacTech Blog

MusiComms, an organization “dedicated to the future of music distribution,” has announced the results of its latest industry research. The survey, which was conducted in quarter four of 2017, polled 5,000 consumers across all demographics and regions across the U.S.

How much will consumers pay for music? Will they ever pay more? How will this type of information impact music business strategy? Those are the types of questions MusiComms posed to consumers in their latest survey. Here’s what they learned:

Worldwide semiconductor revenue totaled $419.7 billion in 2017, a 22.2%increase from 2016, according to preliminary results by Gartner, Inc. (www.gartner.com). Undersupply helped drive 64% revenue growth in the memory market, which accounted for 31% of total semiconductor revenue in 2017.

A new study from Juniper Research (www.juniperresearch.com) has found that the number of QR code coupons redeemed via mobile will reach 5.3 billion by 2022, up from an estimated 1.3 billion in 2017. The report finds that the use of QR codes to deliver coupons and discount offers will increase substantially, as in-built QR functionality on mobile devices drives usage, with Apple leading the way.

TMR (www.transparencymarketresearch.com) predicts that the global mHealth market will earn an estimated US$118.4 billion by the end of 2025 at a CAGR [compound annual growth rate] of 22.1% during the forecast timeframe 2017-2025.

In 2017, the market had been worth a US$23.9 billion. By product, connected medical devices had secured a dominant share in 2016. By region, North America stood at a leading position while being worth a US$45.9 billion by the final forecast year.

Digital transformation (DX) in the worldwide banking industry is characterized by the ability to use technology to break out of the constraints forced by legacy systems and processes and enable a more efficient and responsive institution.

While all banks worldwide acknowledge the importance and complexity of transforming their businesses to compete in this new digital economy, nearly 40% have not yet executed on a sustainable digital transformation strategy, according to a new survey from International Data Corporation (www.idc.com). Key findings of this study include: