Cottrill Research, LLC

Nine Tech Trends That Will Generate Billions of Dollars

Nine Tech Trends That Will Generate Billions of Dollars

Business Insider’s Julie Bort writes about nine trends that market research firm IDC predicts “will unfold next year – and generate billions of dollars.” Here they are:

  • People and companies will spend $2.1 trillion on technology – “Worldwide IT spending will grow 5% next year to $2.1 million.” They will buy smartphones, tablets, and new data center hardware, but not PCs.
  • Countries outside the U.S. and Europe will buy tech like crazy – “The four hottest emerging markets, Brazil, Russia, India and China (BRIC), will up their spending by 13%.”
  • Business will put money into the cloud – “IDC predicts that the cloud will drive $100 billion worth of spending in 2014, up 25% over 2013.”
  • Amazon and Google will start a war for the cloud 
  • Mobile devices will go nuts – endangering Microsoft – “Worldwide tablet sales will grow by 18% and smartphones will grow by 12% next year.”
  • Big Data gets bigger -“Spending on big data technologies and services will grow by a hefty 30% in 2014, surpassing $14 billion.”
  • Social networking software gets absorbed – “By mid-2015, virtually all enterprise software will have some sort of social feature built in.”
  • The rise of crowdsourced innovations – 2014 will see the rise of “communities of innovators.”
  • The Internet of Things becomes an actual thing – “By 2020, 30 billion inanimate objects will be made ‘smart,’ and added to the Internet, controlled by apps.”

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