Type of Article: MacTech Blog

A new study from Juniper Research (www.juniperresearch.com) has identified smart glasses as the highest growth sector of the consumer wearables segment over the next five years, reaching 11% of the overall wearables market by 2021. Revenues are forecast to grow from $327m this year, to $9bn in 2021 as the new generation of smart glasses emerges.

The new research also found that the dominant wearables categories of smartwatches and fitness wearables, have begun to slow. They will claim just over 50% of wearables revenue by 2021, compared to an expected 75% this year, according to Juniper.

A new from IDC (www.idc.com) shows that worldwide spending on public cloud services and infrastructure will reach $122.5 billion in 2017, an increase of 24.4% over 2016.

Over the 2015-2020 forecast period, overall public cloud spending will experience a 21.5% compound annual growth rate (CAGR) – nearly seven times the rate of overall IT spending growth, according to the research group. By 2020, IDC forecasts public cloud spending will reach $203.4 billion worldwide.

Global revenue in the business intelligence (BI) and analytics software market is forecast to reach $18.3 billion in 2017, an increase of 7.3% from 2016, according to the latest forecast from Gartner, Inc. (www.gartner.com) By the end of 2020, the market is forecast to grow to $22.8 billion.

Small and medium-sized enterprises (SMEs) in the U.S. and worldwide are optimistic about the economy and confident about their future business performance, according to the inaugural American Express Global SME Pulse (business.americanexpress.com).

The global enterprise wearable market is expected to reach $22.3 billion by 2025, according to a new study conducted by Grand View Research (www.grandviewresearch.com)

The high demand for enterprise wearable devices in the Asia Pacific region is anticipated to drive the industry growth over the next decade, says the research group. The aging population and rising chronic diseases, such as coronary heart diseases and diabetes, in countries such as China, India, and Japan would drive the demand for wearable technology in the region.