Times of India — NEW DELHI: Despite new challenges in the digital space, the Indian technology and services industry is on-track to reaching its goal of $225 billion in revenue by 2020 and further $350 billion by 2025, Nasscom chairman BVR Mohan Reddy said on Monday. “The industry is well on track. We will achieve the target of $225 billion revenue by 2020 and $350 billion by 2025,” Reddy told reporters at a press meet.
Geek Wire — Xi Jinping, the president of China, will be in Seattle on Tuesday and Wednesday of this week, meeting with U.S. tech companies and other business and government leaders before heading to Washington, D.C., for a high-profile state visit with President Obama on Thursday. In the short term, the biggest impact most of us will see is on traffic.
Digi Times — The top-four Taiwan-based notebook ODMs all saw their profits decline significantly in the second quarter of 2015, and it still remains unclear if they can turn around in the second half of the year amid slowing economic growth globally. Wistron, a front-runner in terms of profitability, saw its net profits sink 89.4% sequentially to NT$77 million in the second quarter of 2015. The earnings translated into an EPS of NT$0.03, the lowest quarterly earnings since the third quarter of 2004.
Enterprise Innovation — The Internet of Things (IoT) could deliver economic gains in China of up to $1.8 trillion in cumulative Gross Domestic Product (GDP) by 2030, according to new research from Accenture. Published at the World Economic Forum’s Annual Meeting of New Champions 2015, the report noted, however, that the potential gains are at risk due to challenges in infrastructure, data policy and talent.
PRNewswire — LONDON: India sensors market is one of the fastest growing markets in Asia-Pacific. Rising security concerns and growing trend towards miniaturization are shifting the focus of consumers to smart devices, which make extensive use of various sensors, in particular, touch and image sensors. Increase in sales of consumer electronics and medical devices is also contributing to growth of sensors market in the country.
PRNewswire — LONDON: India mobile middleware market is one of the fastest growing markets across Asia-Pacific. Increasing need for real-time integration of data over mobile enterprise applications, growing number of wireless protocols and rising adoption of cloud-based applications are the leading factors driving the need for secure, reliable and efficient communication.
Digi Times — Global tablet shipments are expected to decline 15% on year to reach 51.88 million units in the third quarter as the mobile device market continues to see weak demand despite vendors’ inventory preparation for the year-end holidays, the launch of Windows 10 and growth in the 4G services market. However, China-based white-box players will see a 15% growth from the second quarter because their orders from overseas markets will recover, boosting their combined shipments to over 19 million units, according to Digitimes Research’s latest report on the global tablet market.
PRNewswire — LONDON: Pay TV revenues in the Asia Pacific region (22 countries) will grow by $10 billion between 2014 and 2020, according to Digital TV Research. The Digital TV Asia Pacific Forecasts report estimates that pay TV revenues will reach $41.52 billionby 2020. Cable TV will remain the highest pay TV earner, with revenues at $23 billion by 2020. Digital cable TV revenues will grow by 63% between 2014 and 2020 to $22.54 billion, with analog cable TV falling from $6.20 billion to $0.56 billion.
The Whir — Developers are working on analytics and big data apps for the Internet of Things much more than connected devices like home appliances and cars, according to a new report from Evans Data Corporation. The survey shows that IoT development is shifting rapidly to the cloud, and also offers several more surprising takeaways.
Tech in Asia — Gartner estimates that IoT – a network of devices (things) with embedded technology enabling the transfer of data via the internet – will become a key enabling technology for digital businesses. It forecasts 4.9 billion connected things are in use in 2015; a figure expected to rise to 25 billion by 2020. Meanwhile, IDC forecasts IoT in Asia-Pacific (excluding Japan) is set to explode to 8.6 billion devices by 2020, growing from a current annual market of US$250 billion to US$583 billion in 2020.
Digi Times — Taiwan Semiconductor Manufacturing Company (TSMC), at its July 16 investors meeting, gave a less-optimistic outlook for the third quarter of 2015, and has revised downward its forecast for 2015 global semiconductor and foundry growth. TSMC co-CEO Mark Liu indicated the company now forecasts the global semiconductor market will grow 3% in sales in 2015, and the foundry segment will see a 6% increase.
MENAFN — The APAC cloud analytics market report defines and segments the market with analysis and forecast of revenue. This market is estimated to grow from 1191.4 million in 2014 to 4473.9 million in 2019 at a CAGR of 30.3% from 2014 to 2019. Key players in the Asia Pacific Cloud Analytics Market include SAS Inc. SAP Software and Oracle Services.
Want China Times — Chinese e-commerce giants expect to see transactions through mobile devices to surpass those through desktops in a few years, especially in China’s rural areas, the company’s president said on July 9. According to Alibaba president Jin Jianhang, smartphones have replaced cameras and can be used to make payments, and this is only the beginning in the age of the mobile and sharing economies.
Digital Trends — By 2017, smartphone market size will be directly correlated with population size — at least when it comes to the top three players in the game. According to a new report from Strategy Analytics, India will unseat the United States as the second largest smartphone market within the next two years, with China remaining the clear leader of the pack.
Digi Times — Smartphones first accounted for more than 50% of total quarterly cellphone shipments in the first quarter of 2013. In fourth-quarter 2015, smartphones are forecast to reach 435 million units or 80% of total cellphones shipped, according to IC Insights. On an annual basis, smartphones first surpassed the 50% penetration level in 2013 (54%) and are forecast to represent 93% of total cellphone shipments in 2018.
Digi Times — Worldwide smartphone sales are forecast to grow from 1.5 billion units in 2015 to a record 1.7 billion by 2017, according to Strategy Analytics. China, India and the US are the big three countries driving smartphone growth worldwide. India will overtake the US to become the world’s second-largest smartphone market by 2017, selling 174 million units, said Strategy Analytics.
MSI-ASIA — The mobile gaming industry in Southeast Asia (SEA) is the fastest growing region globally, and it has reached over US$1 billion in revenues last year, reported Frost & Sullivan. Following this finding, Frost & Sullivan predicts that the revenues in SEA will surpass US$7 billion by 2019. This means that the industry would have grown at a very healthy compound annual growth rate of 48% from 2015 to 2019.
Orders received this coming July will be crucial for the second half 2015 business prospects for Taiwan-based component makers in the notebook and PC industry supply chain, according to sources in the supply chain. Intel’s decision to delay the launch of its Skylake platform until the second half of 2015 has weakened market demand for notebooks and other PC systems, affecting the sales performance of most component suppliers, said the sources.
The small and medium business (SMB) clouds services market in Indonesia will grow at a compound annual growth rate (CAGR) of 30% in the next three years from Rp15T (US$1.2 billion) in 2015 to Rp33T (US$2.7 billion) by 2018, according to a forecast report from Odin. The Odin SMB Cloud Insights report focuses on the cloud services that have the most current and future appeal for SMBs across four key categories: IaaS, web presence and web applications, unified communications, and business applications (also known as software-as-a-service)
NEW DELHI: Business intelligence (BI) software revenue in India is expected to grow 15 per cent to reach USD 150 million this year, research firm Gartner said today. The spending on BI platforms — advanced analytics, analytic applications and corporate performance management (CPM) software — stood at USD 133.8 million in 2014, Gartner said in a statement.