Market stories - Page 8

Asia Pacific could see a $160bn economic boost from increased investment in cloud-based technologies, according to a Deloitte report.

Worldwide semiconductor market continues to grow, with revenue reaching $464bn in 2020, and expected to grow to $522bn in 2021, according to IDC.

Demand for education devices and discretionary spending drives 24.4% YoY growth in PC shipments in New Zealand, says IDC research.

Global smartphone market performs 'better than expected' in Q3 2020, with shipments declining just 1.3% YoY, according to IDC.

The COVID-19 pandemic has fuelled a major boom in the video games market, boosting the value of top gaming companies by USD $354.5 billion in just six months.

Lenovo posts revenue of USD $12.5B for the first quarter of 2019, the eighth consecutive year of growth, driven by its intelligent transformation strategy.

Worldwide spending on telecommunications services and pay TV services reached $1.6 billion in 2017, an increase of 1.4% year over year.

Marketo unveils new product innovations at Marketing Nation Summit, designed to enhance customer engagement and boost campaign success insights for marketers.

Gaming remains the primary reason for sales of VR devices and this is unlikely to change over the next few years.

The recent shutdown of AlphaBay and Hansa has left dark web marketplaces on shaky ground, says Digital Shadows CEO Alastair Paterson.

The company say they invested heavily in technology, products and strategic partnerships in order to bring this offering to the New Zealand market.

Big Switch Networks has appointed a new global channel manager as the vendor looks to expand its channel program.

Channel change is bringing with it new opportunities for resellers, who remain well placed to capitalise on the insatiable need for technology.

​While many may think the wearables market is a dwindling one, it is actually quite healthy - a change of focus has been put down as the cause.

JB Hi-Fi NZ has seen its final profit for last financial year almost halved, despite an 11% rise in revenue and a jump of nearly 13% in gross profit.

The commercial drone-enabled services market is expected to grow 35.47% and now Technavio has revealed the top seven global vendors.

IBM New Zealand announces Mike Smith as new managing director, replacing Rob Lee who is set to retire. Smith will focus on client and partner relationships.

Ten teams are taking over Te Papa's Mahuki innovation hub to form digital solutions put to them by Te Papa, NZ & international cultural providers.

New Zealand startup, SuchCrowd, applies Lean methodology to event planning, helping organizers validate market interest.

The war against cyber threats is booming as the security analytics market grows from US$2.83 billion in 2016 to US$9.38 billion in 2021.