Technology Market

1 day ago. In December 2017, CompTIA research took a look at how channel firms self-assess their current state of operational efficiency, asking respondents where they see areas of success and challenges, and what actions they are or will be taking to shore up their businesses. As a baseline, the majority of respondents in the study reported undergoing a moderate or high degree of business transformation, which likely includes transitioning to a recurring revenue model such as managed services, specializing in a vertical industry or other niche, or becoming a business consultant focused on helping customers adapt to the digital economy.

The future growth of the wearable technology market is expected to be driven by consumer preference for sophisticated gadgets, increasing growth prospects of next-generation displays in wearable devices, and growing popularity of Internet of Things (IoT) and connected devices.

The other component of the tech workforce consists of the technology professionals working outside of the tech industry. While the tech industry is the largest employer of technology professionals, with 44 percent of its workforce meeting this criteria, the majority of technology professionals work in other industry sectors, such as healthcare, finance, media, or government. https://inovastconcepts.com/

Breaking the IT market down into its components, the traditional categories of hardware, software and services account for 53% of the total. The other core category, telecom services, accounts for 30%. The remaining 17% covers various emerging technologies that either don’t fit into one of the traditional buckets or span multiple categories, which is the case for many emerging as-a-service solutions that include elements of hardware, software, and service (e.G. IoT offerings).

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