Global Enterprise Service forecast from 2021 to 2026 From Omdia
The following is the Global Enterprise Service forecast from 2021 to 2026 From Omdia recommended by recordtrend.com. And this article belongs to the classification: network service.
The global economy will resume growth in 2021 after experiencing the negative effects of COVID-19 and the ensuing blockade, restrictions and layoffs. The International Monetary Fund (IMF) predicts that the global economic growth rate will reach 6.0% in 2021; By 2022, although the economic growth rate will drop slightly, it will also reach 4.9%. Although the overall expectation is positive, the economy is still likely to slow down in the next few years. Different countries and regions promote vaccination programs at different speeds, and virus mutation also brings uncertainty to a certain extent.
Most countries in North America, Europe and China have established a “new normal”, implemented only some restrictions, and improved the level of working from home. However, other countries are still implementing blockades and facing health emergencies, such as Australia, Japan, India and Latin American and African countries. Although global manufacturing, financial services – initial public offerings (IPOs) and mergers and acquisitions reached record levels in 2021 – and the energy industry as a whole have emerged from the shadow of the epidemic, other industries such as tourism are still affected. In addition, new opportunities have emerged in areas such as health care, retail and government.
In addition to the epidemic, various geopolitical factors have further increased the risk of economic disruption in the next few years. These problems include the increasingly powerful conflict between China and its neighbors; The United States recently withdrew its troops from Afghanistan; Ongoing conflicts in the Middle East; And the conflict between Russia and Ukraine, these problems are likely to erupt again. In addition, the threat of cyber attacks by nation states and criminals against governments and enterprises is increasing rapidly, which may disrupt energy supply, public services and commercial operations, and damage the economy of the whole country.
Looking at the global enterprise services and related emerging technology markets, omdia expects:
In 2022, the global enterprise service market will grow by 10.0% in 2022 and the compound annual growth rate (CAGR) during 2022-2026 will be 8.7%. Most categories will benefit from economic recovery and increased enterprise investment in services ranging from application services to cloud, infrastructure, security and collaboration services, and emerging technologies. Based on the lessons learned during the epidemic, the need to improve resilience and flexibility, the need to save costs through operational efficiency, and the need to achieve differentiated competition through high-quality products, services and user experience will promote enterprises’ digital transformation initiatives.
Emerging services around artificial intelligence (AI) and blockchain are expected to achieve strong growth. These services will grow by 41.1% by 2022 and then slow down, but are still expected to reach an annual growth rate of 36.9% by 2026, because more vertical industries will adopt these technologies across different use cases and regions to drive innovation and differentiation.
Cloud services (CAGR 18% in 2021-26), security services (CAGR 11%) and business process outsourcing (BPO) (CAGR 9%) services will further drive growth. However, during this period, network services will have a negative growth rate of 0.6%, because the service focus will gradually shift from focusing only on the network to focusing on new tools and functions related to cloud, AI and security, which are also related to network and infrastructure management.
With economic recovery and enterprise transformation, an industry worth $3 trillion will develop
Omdia predicts that the economic situation will gradually come out of the shadow of the epidemic, so as to accelerate the growth of global enterprise service expenditure in the next five years. However, the recovery rate varies from region to region and industry to industry. It decision makers in all enterprises are increasingly aware of the need to invest in digital transformation, which often includes a variety of enterprise services and emerging technologies. Although this investment depends to some extent on the overall IT budget allocated by the enterprise, in the long run, the enterprise may also increase the service budget in difficult economic times to improve robustness, flexibility and competitive advantage.
It service providers, technology providers and telecom operators shall consider the following matters:
In the next five years, emerging technology services (including AI and blockchain services) will grow strongly. Omdia expects this category to grow at an annual rate of about 40% from 2021 to 2023. As these technologies begin to mature, the annual growth rate is expected to drop slightly to 37% by 2026. AI services are increasingly appearing in large contracts characterized by a variety of related technologies, including the Internet of things (IOT), data analysis, cloud and network management and business applications.
Cloud services and related system integration, business load management and consulting services will usher in growing opportunities. In particular, large enterprises increasingly want to transfer the core business load to the cloud to improve efficiency and reduce dependence on physical data center infrastructure. Cloud services often involve ecological partners, including software vendors (software as a service (SaaS) solutions) and very large companies (such as AWS, Microsoft and Google – infrastructure as a service (IAAs)). All cloud centric management tools, applications and integration work also tend to extend to network and infrastructure management, as well as network security functions.
Security is the most concerned issue for it decision makers; It is expected that all related services will continue to grow in the next five years. Although service providers, system integrators (SI) and telecom operators may provide their own network security solutions and resell professional software, the real opportunity is to integrate network security into other services and then create comprehensive end-to-end solutions – these solutions may also have AI and machine learning (ML) automation functions.
Figure 1: Global Enterprise Services Forecast by category, 2021–26 (US$ billion)
Source: Omdia
Figure 2: Global Enterprise Services by category, 2021–26 CAGR
Source: Omdia
Advice to it service providers
As enterprises gradually come out of the shadow of the epidemic, they will continue to increase their budgets for it services and emerging technologies in the next five years. Enterprises are increasingly interested in deploying it solutions that provide better robustness to changing economic, political, employee and infrastructure factors, including major disasters and worst-case scenarios.
It service providers can benefit from the initiative of enterprise it decision makers to prioritize investment in network security, operational efficiency and services that can bring better agility because they rely less on location and physical infrastructure. Although this trend brings great opportunities, it also leads to increased competition – service providers from different backgrounds (from traditional Si and management service providers (MSPs) to telecom operators and software suppliers) are seeking to target the same group of customers by expanding products and ecology. Omdia recommends that service providers consider the following:
Focus on business transformation through end-to-end solutions. We need to achieve measurable return on investment (such as operational efficiency, customer experience and improved business decisions) and influential business transformation by including a variety of integrated services and attractive service packages. A broad ecosystem of partners is needed to cover non core services. It is becoming more and more important to integrate systems, applications and databases into overall solutions, which provide more value than the sum of individual parts. Services can also be repackaged according to vertical industries and use cases to highlight significant differentiation.
By providing consulting services to bridge the gap between enterprises in skills and knowledge. Enterprises often need easy-to-use services and expert guidance from trusted providers because the limited skills within the enterprise are not enough to support them to adopt the latest technologies. Once the trust of key customers is gained by providing reliable services and suggestions in one field (such as network, cloud, security and business applications), providers will have more opportunities to further expand their business, provide services covering other related fields, build unique concepts and jointly create customized solutions with customers.
Enterprises are encouraged to deploy AI / ml, blockchain and other emerging services. Considering that emerging technologies and “as-a-service” services are the fastest growing categories in the next five years, we recommend that it service providers further promote these technologies and services to existing customers. Providers should invest in AI / ml, blockchain and other emerging areas (edge computing, 5g, IOT, augmented reality (AR) / virtual reality (VR)) or cooperate with first-class suppliers, start-ups and consulting companies to stay at the forefront of innovation.
All solutions should be designed with security and data privacy in mind. Network security is still the most concerned issue for it decision-makers. This problem may hinder the adoption of technology. For example, local data privacy and compliance issues (such as the provisions related to the general data protection regulations (gdpr) in Europe) may hinder the implementation of public / hybrid cloud services and database integration (for analysis), “as-a-service” consumption model (for key business applications) and AI / ml driven customer services. It is essential to ensure that enterprise it decision makers believe that innovative services and concepts can improve security and compliance.
More reading: omdia: 2020-2025 Asia Pacific Enterprise Service forecast enterprise service | 10-year development path of US $100 billion SaaS industry review Baidu released six offline industry recovery search big data report: the overall heat began to accelerate the recovery in February, including automobile, real estate decoration, production and manufacturing Demand in recruitment and other industries rebounded in an all-round way. Quest Mobile: 1q20 mobile Internet dark horse list giants tangled in areas such as enterprise service, education and learning. GGV: more than a dozen American enterprise service companies visited and studied Huachuang Securities: the fourth in-depth report of enterprise SaaS series (domestic Ecology). On the eve of the outbreak, Galaxy Securities: enterprise SaaS was surging, Triple logic seizes the great opportunity of investment. 2016 Research Report on China’s enterprise service market omdia: AMOLED accounted for 29% of the total shipments of smart phone displays in 2020 omdia: in the second quarter of 2021, the shipment of large-size LCD panels was 236 million, down 1% month on month omdia: in April 2020, the shipment of large-size panels reached 63.44 million, down 2% month on month. Insight into the trend of China’s enterprise service market in 2020 Figure 1 of the report (with download) read the financial report of futu 2q20: revenue and net profit increased by more than 150% year-on-year omdia: the display based man-machine interface in software defined vehicles is completely changing the driving experience. Venture state: 2015 enterprise service investment and financing briefing
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