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Tag: GlobalData

  • AI Chip Revenue Set for a 30% CAGR, Will Hit $130 Billion by 2030

    AI Chip Revenue Set for a 30% CAGR, Will Hit $130 Billion by 2030

    AI chip revenue is set for stellar growth in the coming years, hitting $130 billion by 2030.

    AI is poised to be one of the most revolutionary advancements in the history of technology, with the prospect of transforming countless industries. Behind the AI revolution are the chips that power it and the companies that make them. According to GlobalData, the industry is poised for a compound annual growth rate (CAGR) of 30%, going from $12 billion a year in 2021 to $130 billion in 2030.

    “This rapid expansion will be driven by chips specifically optimized for AI with their share of the combined micro-component and digital logic semiconductor market set to increase from less than 10% in 2021 to at least 40% by 2030,” says Josep Bori, Research Director at GlobalData Thematics Intelligence.

    “Deep learning neural networks continue to expand their capabilities, now including face recognition, medical diagnosis, and self-driving cars,” Bori continues. “This has been led by an improvement in the mathematical models used and the exponential growth in the model sizes and training data sets.”

    GlobalData says most of the AI chip development is currently coming from redesigning existing microprocessors to better handle AI loads. At the same time, there is the possibility that a revolutionary leap in technology, such as quantum computing or neuromorphic chips, could lead to major advancements in the field.

    Despite the promising outlook for the AI chip industry, GlobalData warns that ongoing tension between the US and China could put future prospects in jeopardy.

    “In our view, the ongoing trade dispute between China and the US has negative implications for the global progress of AI semis technology,” added Bori. “We believe China will play a leading role in AI, due to its leadership in AI software and IoT technology, and its progress in low end chips manufacturing. However, unless China solves its access to extreme ultraviolet (EUV) lithography technology, currently indirectly prevented by US sanctions, it will likely struggle in AI in the datacenter, and most likely autonomous vehicles.”

  • Microsoft Closes Competitive Gap With Contact Center Rivals

    Microsoft Closes Competitive Gap With Contact Center Rivals

    Microsoft has closed the competitive gap with contact center rivals thanks to its Digital Contact Center Platform.

    Cisco, Google, and Zoom are some of the bigger names in the contact center space, a segment of the industry that has become increasingly important in the wake of the pandemic. Unfortunately for Microsoft, the company lagged behind its rivals by not offering a comprehensive solution.

    “Since the onset of the COVID-19 pandemic, contact centers have grown more vital for managing the customer experience,” said Gregg Willsky, Principal Analyst at GlobalData. “However, despite the increasing importance of contact centers, true contact center capabilities had been missing from Microsoft’s unified communications and collaboration (UC&C) portfolio.”

    According to GlobalData, that has changed with Microsoft Digital Contact Center Platform, a solution that goes far beyond the limited abilities that existed in Dynamics 365.

    “The greatest strengths of the Microsoft Digital Contact Center Platform include omni-channel engagement, self-service capability, and the use of artificial intelligence,” Willsky continues. “To deliver the platform, Microsoft is partnering with a wide network of independent software vendors (ISVs) and system integrators, as well as leveraging several existing Microsoft tools including Dynamics 365, Teams, Power Platform, Azure, and Nuance.

    “Despite these strengths, in the near term at least, Microsoft could struggle to gain traction in the contact center space. However, the multitude of installed Office and Teams users provides a lot of potential for the company’s presence in the market.”

    Microsoft has already been making major headway in the cloud market, thanks in large part to the scope and breadth of the company’s services. With Digital Contact Center Platform, the company shores up a previously weak point in its portfolio of available services.

  • GlobalData: Communication & Collaboration Market Worth $309 Billion by 2025

    GlobalData: Communication & Collaboration Market Worth $309 Billion by 2025

    The communication and collaboration (C&C) market will be worth $309 billion by 2025, driven largely by hybrid work and AI.

    The COVID-19 pandemic has fueled a massive change in the workplace as companies the world over sent their employees home to work remotely. Despite multiple attempts to return to the office, many companies have ended up postponing a return indefinitely as new COVID variants have risen.

    The shift to remote work has had a transformative impact on the C&C market, making platforms such as Slack, Microsoft Teams, Zoom, and others indispensable tools.

    According to GlobalData, that trend will continue, with communications platforms experiencing the highest growth rate, a CAGR of 15% between 2020 and 2025. Enterprise social networking and collaboration will grow at a CAGR of 14%.

    “Competition is raging in the communications platforms segment, which is already the fastest growing part of the C&C market, with many companies — from big tech companies such as Microsoft, Google and Cisco to cloud-native providers such as Zoom, RingCentral and Salesforce — all battling for dominance,” says Laura Petrone, Principal Analyst in Thematic Research at GlobalData.

    “The pandemic has made competition in the C&C market even fiercer,” Petrone continues. “Today, as we shift to a hybrid model of working, vendors are rushing to provide the appropriate collaboration tools to enable staff to work from their chosen location. Those companies operating in the C&C market who are building their artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) capabilities will be the most successful, as such technologies will be critical in the emerging hybrid workplace.

    “Augmented versions of collaboration tools, where people can display digital files and whiteboards inside the virtual space, are increasingly becoming commonplace. The likes of Meta and Microsoft are also championing the metaverse as the ideal environment to support hybrid working. However, the metaverse space will likely be exposed to potential data privacy violations, as it will involve processing a significant amount of personal data, including biometrics. Also, it remains to be seen whether office workers, many of whom are already struggling with Zoom fatigue, will find it appealing to interact with digital avatars in the corporate metaverse.”

  • APAC Region Accounts for 60% of Mobile Gaming Revenue

    APAC Region Accounts for 60% of Mobile Gaming Revenue

    According to new research, the APAC (Asia-Pacific) region accounted for the lion’s share of the mobile gaming market, coming in at 60%.

    It’s not uncommon for many games to debut in China or other APAC countries, much to the disappointment of US and European games. According to research from GlobalData, however, companies are just following the money.

    GlobalData’s study found that China alone accounted for 35% of mobile gaming revenue. The US came in second with 20%. Combining the rest of the APAC region with China, however, accounted for a whopping 60% of the entire market.

    “Boasting a huge proportion of both mobile and 5G subscribers, it is certain that the APAC region will continue to lead the mobile gaming market in the 5G era,” Rupantar Guha, Associate Project Manager for Thematic Research at GlobalData says. “This is especially considering the presence of established market players such as Tencent being joined by popular non-gaming companies such as Byetedance, which is anticipated to continue making gaming acquisitions in the coming years.”

    “The APAC region’s dominance in the mobile gaming market is primarily attributable to its nearly four billion consumer mobile subscribers, which represents more than 50% of total mobile subscribers globally,” Guha continues. “Further, access to 5G networks is also supporting the growth of mobile gaming in the region.”

  • Apple the Leader in AI Acquisitions

    Apple the Leader in AI Acquisitions

    A new report sheds light on the AI industry, with Apple the top company for acquiring AI startups.

    According to GlobalData, Apple, Google, Facebook and Microsoft bought 60 AI companies between 2016 and 2020, 25 of those purchases by Apple. Improving Siri is likely a driving motivator behind the purchases.

    “The US is the leader in AI, and the dominance of US tech giants in the list of top acquirers also indicate that these companies have some defined AI objectives,” said Nicklas Nilsson, Senior Analyst on the Thematic Research Team at GlobalData. “For instance, Apple has been ramping up its acquisition of AI companies, with several deals aimed at improving Siri or creating new features on its iPhones. Machine learning start-up Inductiv was acquired to improve Siri’s data, Irish voice tech start-up Voysis was bought to improve Siri’s understanding of natural language, and PullString should make Siri easier for iOS developers to use.

    “Apple has gone on a shopping spree in efforts to catch up with Google (Google Assistant) and Amazon (Alexa). Siri was first on the market, but it consistently ranks below the two in terms of ‘smartness’, which is partly why Apple is far behind in smart speaker sales. Apple also want to make sure to keep its strong position within wearables. It is the dominant player in smartwatches. The acquisition of Xnor.ai last year was made to improve its on-edge processing capabilities, which has become important as it eliminates the need for data to be sent to the cloud, thereby improving data privacy.”

    Apple has rolled Siri out across its lineup of devices, making it more important than ever for the virtual assistant to be as good, or better, than its rivals.

    The rumored Apple Car is likely another reason why the company is investing so heavily in AI. With self-driving cars viewed as the next evolution of the automobile, Apple needs to ensure its AI technology is up to whatever plans it has.