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Market growth news stories

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Market growth
Salesforce unveils new offerings for consumer goods companies
Salesforce has announced new products for consumer goods companies to help brands navigate increasing market complexity more easily.
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Boost Mobile
Boost Mobile now makes up over 7% of Aussie prepaid market
Boost Mobile has doubled its market share over the past four years and now has more than 7% of Australia's prepaid market, equivalent to over 700,000 people.
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Hyperscale
Rate of data center market growth in APAC exceeds EMEA
 Data center growth in the Asia Pacific market saw growth of 24% in 2021, according to a new report from DC Byte.
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Cloud
Securonix ups APJ regional support in a bid to drive growth
Securonix has announced business momentum for the APJ region, and three strategic hires to bolster its regional leadership team.
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Funding
Blackbird says NZ tech sector set for massive growth
Local investor Blackbird says New Zealand’s tech sector is poised for a period of significant growth, which could see it transformed into one of the economy’s largest export earners.
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Internet of Things
Global consumer IoT market expected to grow 15.9% to hit $204.8 billion by 2027
The growth of the overall consumer IoT market is expected to be driven by the growing adoption of connected healthcare devices such as remote monitoring equipment and heart-rate monitoring devices.
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Microsoft
Fusion5 achieves first for trans-Tasman Microsoft low code application development
Fusion5 has announced it's the first Microsoft partner based in A/NZ to earn the Microsoft Low Code Application Development Advanced Specialisation.
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Market growth
Asia Pacific data center market outpacing UK for growth
The four fastest-growing data center marketing in Asia Pacific will grow 90% over three years, with Australia growing 97%.
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Smartphone
Worldwide smartphone market grew 4.3% in Q4 2020, improving over Q3 decline
It comes off the back of a better-than-expected year for smartphones: while total 2020 shipments declined by 5.9% in comparison to 2019, IDC says the market’s recovery in the face of the pandemic was ‘impressive’, with the momentum heading into 2021 remaining strong.
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Smartphone
IDC: Used smartphone market poised for growth
Worldwide market for used smartphones to reach 351.6 million units with a market value of $65 billion in 2024.
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Cybersecurity
Global spending on cybersecurity to grow by almost 6%
Even if the global economy worsens and IT budgets suffer, the cybersecurity market will still grow by at least 2.5%, according to a new report by Canalys.
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Video Solutions
Milestone Systems on strong path to market growth
The company achieved net revenue of AU$240 million in 2019, according to figures.
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IT services
China becomes 'world's largest' market for IT products & services
China’s IT products and services market has overtaken the Americas as the largest in the world, although there’s little doubt the COVID-19 pandemic will change the markets significantly in the years ahead.
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Information Technology
IT sector leads S&P 500 charge - GlobalData
The IT industry did well in the S&P 500 index, where the industry accounted for 14.2% of the index constituents as of 31 January this year.
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Smart Home
Global smart home market set for rapid growth in near future
The valuation of the global industry has doubled since 2017, and is set to reach $158 billion in the next four years.
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Cloud
Smartphone market continues to grow - Canalys
Shipments of smartphones grew 1% this quarter, despite falling 2% generally in 2019.
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Human capital management / HCM
Human capital management market in its prime growth years
The human capital management (HCM) market in Asia Pacific will grow at a faster rate than in regions such as Europe and the United States, according to Fortune Business Insights.
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Economics
'Wealth economy' key to measuring economic growth – University of Cambridge
Current economic indicators such as the GDP are inadequate for effective economic policymaking, a new study from the Bennett Institute for Public Policy at the University of Cambridge claims.
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IDC
IDC: Semiconductor market declines after three years of growth
However, it says that semiconductor revenues will recover in 2020 and log a compound annual growth rate (CAGR) of 2.0% from 2018-2023.
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IT Automation
What industry 4.0 means for manufacturing businesses
The industrial control and factory automation market is expected to grow from US$160 billion in 2018 to US$269 billion by 2024.
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Apple
IDC - Global traditional PC market growth strongest since 1Q12
After six years of mediocre to flat growth, traditional PCs look to be on the rise again.
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Outsourcing
IDC Report: services market booming as organisations prioritise digital transformation
Year-over-year growth was around 4%, which slightly outpaced the worldwide GDP growth rate.
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Cloud
ConnectWise to double-down on A/NZ growth, according to Arnie Bellini
Bellini also announced the availability of the company's cloud management solution, ConnectWise Unite
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Network Infrastructure
Interview: Cisco on where the opportunity lies for intent-based networking
Cisco talks about how the role of partners and networking personnel is set to experience a shift as a result of intent-based networking.