Strategic Planning Assumptions
Artificial Intelligence, Automation, and Software Engineering Industry
The artificial intelligence (AI), automation, and software engineering industry encompasses technologies that enable machines to perform tasks that typically require human intelligence, automate processes to improve efficiency, and develop software applications using advanced methodologies. AI involves creating intelligent machines that can learn, reason, and self-correct, while automation uses technology to perform repetitive tasks with minimal human intervention. Software engineering applies engineering principles to design, develop, maintain, test, and evaluate computer software.
This industry is unique in its ability to transform businesses across sectors by automating processes, generating insights from vast amounts of data, and creating innovative software solutions. AI-powered automation can significantly reduce operational costs and improve productivity, while low-code and no-code platforms democratize software development. Cloud-native technologies enable the rapid development and deployment of scalable applications.
Strategic Planning Assumption
The convergence of AI, automation, and modern software engineering practices will redefine business operations and drive digital transformation, creating a more efficient, agile, and intelligent enterprise landscape.
According to the provided predictions, the AI, automation, and software engineering industry is poised for significant growth. Generative AI will account for 10% of all data produced by 2025, while AI is expected to create 9% of new U.S. jobs. The global spending on AI systems will reach $97.9 billion in 2023. Organizations adopting hyperautomation technologies could lower operational costs by 30% by 2024, and the robotic process automation (RPA) market will reach $12 billion by 2023. Low-code and no-code technologies will be used in 70% of new applications by 2025, and more than 50% of applications will be created using cloud-native technologies by 2024.
Major players in this industry include IBM, Microsoft, Amazon Web Services (AWS), Google, Oracle, Salesforce, SAP, Workday, UIPath, Automation Anywhere, Pegasystems, Appian, Mendix, OutSystems, Bunker, Celonis, Alteryx, TIBCO Software, Qlik, and Tableau.
Cloud Computing, Data and Analytics, and Digital Workplace Industry
The cloud computing, data and analytics, and digital workplace industry comprises technologies that enable the delivery of computing services over the internet, the extraction of insights from data to drive informed decision-making, and the creation of a modern, flexible, and collaborative work environment. Cloud computing provides on-demand access to computing resources, while data and analytics involve collecting, processing, and analyzing data to uncover patterns and trends. The digital workplace encompasses technologies that support remote work, enhance collaboration, and improve employee experience.
This industry is characterized by its ability to provide organizations with scalability, flexibility, and cost-efficiency in managing their IT infrastructure and data assets. Cloud computing enables businesses to quickly adapt to changing demands and innovate faster. Data and analytics empower organizations to make data-driven decisions and identify new opportunities. The digital workplace improves employee productivity, engagement, and satisfaction by providing seamless access to tools and resources.
Strategic Planning Assumption
The integration of cloud computing, data and analytics, and digital workplace technologies will create a highly adaptable, insights-driven, and employee-centric organization that can thrive in the face of disruption and change.
The predictions suggest strong growth in this industry. Over 95% of new digital workloads will be deployed on cloud-native platforms by 2025, and more than half of all IT spending will be cloud-based by 2024. The global public cloud infrastructure market will grow 35% to $120 billion in 2021. Organizations promoting data sharing will outperform their peers by 2023, and the data and analytics market will reach $106 billion in 2021. By 2025, 80% of enterprises will have shifted to cloud-centric infrastructure, driving a 5x increase in data and analytics workloads running in the cloud. The market for employee experience technologies will reach $100 billion by 2025, and 75% of organizations will have a digital workplace roadmap by 2023.
Key players in this industry include AWS, Microsoft Azure, Google Cloud Platform, IBM, Oracle, Salesforce, SAP, Workday, Cloudera, Databricks, Snowflake, Alteryx, Qlik, Tableau, Zoom, Slack, Microsoft Teams, Google Workspace, and Citrix.
Cybersecurity, Internet of Things (IoT), and Immersive Technologies Industry
The cybersecurity, IoT, and immersive technologies industry consists of technologies that protect digital assets from unauthorized access and cyber threats, connect physical devices to the internet to enable data exchange and remote control, and create engaging, interactive, and realistic digital experiences. Cybersecurity involves the practice of defending computers, servers, mobile devices, networks, and data from malicious attacks. IoT refers to the network of internet-connected devices that can communicate and exchange data. Immersive technologies, such as virtual reality (VR) and augmented reality (AR), create digital environments that users can interact with and experience as if they were real.
This industry is unique in its ability to secure digital assets, unlock the potential of connected devices, and revolutionize the way people interact with digital content. Cybersecurity is essential for protecting sensitive information and maintaining trust in an increasingly digital world. IoT enables the creation of smart environments and the optimization of processes across industries. Immersive technologies have applications in entertainment, education, training, and remote collaboration.
Strategic Planning Assumption
The intersection of cybersecurity, IoT, and immersive technologies will create a secure, interconnected, and immersive digital ecosystem that transforms industries and shapes new realities.
The industry is expected to experience substantial growth. By 2025, 60% of organizations will use cybersecurity risk as a primary factor in business engagements, and the global cybersecurity market will reach $170.4 billion in 2022. Worldwide spending on security solutions will reach $174.7 billion by 2024. More than 50% of enterprise-generated data will be created and processed outside the data center or cloud by 2023. The number of IoT devices will reach 30.9 billion by 2025, generating $7.1 trillion in economic value. Global IoT spending will reach $1.1 trillion in 2023. By 2026, 25% of people will spend at least one hour a day in the metaverse, and worldwide spending on AR/VR will reach $72.8 billion by 2024.
Major players in this industry include Cisco, Palo Alto Networks, Fortinet, Check Point, CrowdStrike, Splunk, IBM, Microsoft, Amazon Web Services (AWS), Siemens, GE, Honeywell, Bosch, PTC, Verizon, AT&T, Oculus (Facebook), HTC, Sony, and Microsoft.
Sustainability Technology Industry
The sustainability technology industry encompasses technologies that enable organizations to measure, manage, and reduce their environmental impact, promote sustainable practices, and drive the transition towards a more sustainable future. This industry focuses on developing innovative solutions that optimize resource utilization, reduce waste, and minimize carbon emissions. Sustainability technology includes tools for monitoring and analyzing environmental data, platforms for managing sustainability initiatives, and technologies that enable the circular economy.
This industry is unique in its ability to help organizations achieve their sustainability goals, comply with environmental regulations, and contribute to the global effort to combat climate change. Sustainability technology provides organizations with the insights and tools necessary to make data-driven decisions, identify areas for improvement, and track progress towards sustainability targets. By adopting these technologies, organizations can reduce costs, enhance their reputation, and attract environmentally conscious customers and investors.
Strategic Planning Assumption
The adoption of sustainability technology will become a strategic imperative for organizations seeking to thrive in a world increasingly focused on environmental sustainability and responsible business practices.
The predictions indicate significant growth and adoption of sustainability technology. By 2025, 75% of organizations will have implemented sustainable IT practices, up from 20% in 2020. The market for sustainability management software will reach $1.5 billion by 2023, with a CAGR of 20% from 2018 to 2023. By 2024, 50% of organizations will have implemented ESG (environmental, social, and governance) reporting and analytics tools, up from 10% in 2020.
Key players in the sustainability technology industry include Salesforce, Microsoft, SAP, Oracle, IBM, Enablon (Wolters Kluwer), Envizi (IBM), Sphera, Ecometrica, Watershed, Persefoni, Planetly, Emex, Cority, UL, Measurabl, Verco, Arcadis Gen, Plan A, and Cervest.
