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Average selling price for wearables in India grows 1.3 pc, smart rings gain popularity   The average selling price (ASP) for overall wearables in India grew by 1.3 per cent to $21.3 in the July-September period this year, an IDC report said on Monday.  The smart ring category continued to grow, with over 92,000 smart rings shipped in Q3 2024 and a reduction of 16.2 per cent in ASP to $162.1. Ultrahuman led with 36.8 per cent share, boAt (Imagine Marketing) landed at second position with 20.5 per cent share, and Pi Ring was third with 16.3 per cent share. T...
Average selling price for wearables in India grows 1.3 pc, smart rings gain popularity
Average selling price for wearables in India grows 1.3 pc, smart rings gain popularity
Source: IANS
2024-11-19 09:36:18 am
India`s IT services market hits $14.5 bn, digital transformation fuels growth The India IT services market grew 6.1 per cent year-over-year (YoY) to reach $14.5 billion in 2023 despite slower IT investment recovery, according to a new report on Monday.  While IT investments showed a slower recovery compared to the previous year, digital transformation (DX) initiatives and the increasing complexity of IT environments will continue to drive market growth, according to an IDC report. While 2023 saw a slowdown in IT investment, 2024 will be all about growth fuel...
India`s IT services market hits $14.5 bn, digital transformation fuels growth
India`s IT services market hits $14.5 bn, digital transformation fuels growth
Source: IANS
2024-10-28 05:06:21 pm
Global spending on AI to reach $632 billion in 2028 The global spending on artificial intelligence (AI), including AI-enabled applications, infrastructure and related IT and business services, is likely to reach $632 billion by 2028, a new report said on Monday.  The rapid incorporation of AI, and generative AI (GenAI) in particular, into a wide range of products will result in a compound annual growth rate (CAGR) of 29 per cent over the 2024-2028 forecast period, according to a new forecast by the International Data Corporation (IDC)....
Global spending on AI to reach $632 billion in 2028
Global spending on AI to reach $632 billion in 2028
Source: IANS
2024-08-20 09:47:22 am
Indian PC market grows 7.1 pc to 3.39 million units in April-June: IDC Riding on the buzz around AI-driven PCs, India’s traditional PC market shipped 3.39 million units in the second quarter (Q2) this year, up 7.1 per cent year-over-year (YoY), an IDC report showed on Monday.  All three categories -- desktop, notebook and workstation -- grew by 5.9 per cent, 7.4 per cent and 12.4 per cent YoY, respectively, according to the International Data Corporation (IDC) data. The consumer segment grew by 11.2 per cent as both online and offline channels w...
Indian PC market grows 7.1 pc to 3.39 million units in April-June: IDC
Indian PC market grows 7.1 pc to 3.39 million units in April-June: IDC
Source: IANS
2024-08-19 04:04:43 pm
Indian Public Cloud services market to reach $24.2 billion by 2028: IDC The overall Indian Public Cloud Services (PCS) market is expected to reach $24.2 billion by 2028, growing at a compound annual growth rate (CAGR) of 23.8 per cent, a report showed on Monday.  The revenue from Indian PCS market reached $8.3 billion in 2023, according to the International Data Corporation (IDC). The PCS market includes infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) and software-as-a-service (SaaS) solutions. "While enterprises continue to mo...
Indian Public Cloud services market to reach $24.2 billion by 2028: IDC
Indian Public Cloud services market to reach $24.2 billion by 2028: IDC
Source: IANS
2024-07-01 01:46:03 pm
Global public cloud infra market to reach $108 billion in 2024 The shared (public) cloud infrastructure market reached $26.3 billion in the first quarter of this year globally, up 43.9 per cent compared to a year ago, according to a new report.  The shared (public) cloud infrastructure is expected to grow 30.4 per cent (year-over-year) to $108.3 billion for the full year, according to an IDC report. For 2024, IDC forecasts overall cloud infrastructure spending to grow 26.1 per cent compared to 2023 to $138.3 billion. Spending on dedicated c...
Global public cloud infra market to reach $108 billion in 2024
Global public cloud infra market to reach $108 billion in 2024
Source: IANS
2024-06-29 05:36:40 pm
Goa launches `Exit Support Scheme` for sick industrial units To bring around 423 sick industrial units into functional mode, the Goa government on Tuesday launched the Exit Support Scheme for the current lease owners.  After launching the scheme, Goa Chief Minister Pramod Sawant said that around 12.75 lakh sq mt of land has remained unutilised due to sick industries. He also said that with this initiative, interested entrepreneurs can get plots for their units while the job seekers will get employment. “Many seek industrial plots un...
Goa launches `Exit Support Scheme` for sick industrial units
Goa launches `Exit Support Scheme` for sick industrial units
Source: IANS
2024-06-26 09:18:01 am
Test automation startup Testsigma raises $8.2 mn led by MassMutual Ventures Artificial Intelligence (AI)-powered, low-code test automation platform Testsigma on Wednesday announced that it has raised $8.2 million in funding led by MassMutual Ventures.  Previous investors Accel, STRIVE and BoldCap also participated in the round. Testsigma also announced new GenAI capabilities to their low-code platform and unveiled a new product specifically designed for the Salesforce ecosystem, leveraging their robust low-code platform. "With the new GenAI capabil...
Test automation startup Testsigma raises $8.2 mn led by MassMutual Ventures
Test automation startup Testsigma raises $8.2 mn led by MassMutual Ventures
Source: IANS
2024-06-05 05:39:43 pm
India`s wearable device market grew over 2 pc in Q1 to 25.6 mn units India’s wearable device market increased by 2.1 per cent (year-over-year) in the first quarter (Q1) of 2024 to 25.6 million units after growing by at least double digits consecutively since the fourth quarter (Q4) of 2017, a new report showed on Wednesday. According to International Data Corporation (IDC), the growth was restricted by the high inventory carried over from the festive quarters in the second half (H2) of 2023. The average selling price (ASP) for overall wearables dro...
India`s wearable device market grew over 2 pc in Q1 to 25.6 mn units
India`s wearable device market grew over 2 pc in Q1 to 25.6 mn units
Source: IANS
2024-05-22 05:00:05 pm
India PC market grew 2.6 pc in Q1 with over 3 mn units shipped India's traditional PC market (inclusive of desktops, notebooks, and workstations) shipped 3.07 million units in the first quarter (Q1) of 2024, up 2.6 per cent year-over-year, a report said on Thursday. According to International Data Corporation (IDC), the desktop and workstation categories increased by 10.1 per cent year-over-year and 2.7 per cent year-over-year, respectively, and notebooks dropped by 1.7 per cent year-over-year. Even with reduced demand for notebooks, premium no...
India PC market grew 2.6 pc in Q1 with over 3 mn units shipped
India PC market grew 2.6 pc in Q1 with over 3 mn units shipped
Source: IANS
2024-05-17 09:32:41 am
Global smartphone sales up 7.8 pc, Samsung clinches top spot from Apple Samsung clinched the top spot in the smartphone market from Apple in the first quarter (Q1) of 2024, preliminary data from global research firm IDC said on Monday. Global smartphone shipments increased 7.8 per cent (year-over-year) to 289.4 million units in the first quarter of 2024, according to the IDC, reports DPA news agency. “While the industry is not completely out of the woods, as macroeconomic challenges remain in many markets, this marks the third consecutive quarter of s...
Global smartphone sales up 7.8 pc, Samsung clinches top spot from Apple
Global smartphone sales up 7.8 pc, Samsung clinches top spot from Apple
Source: IANS
2024-04-15 10:07:07 am
India`s wearable market grows 29.2% in Q3, smart ring category shows promise India’s wearable market shipped a record 48.1 million units in the third quarter this year, a 29.2 per cent year-over-year (YoY) growth, a new report showed on Wednesday. Apart from the new smartwatch and earwear models, smart rings became prominent in the third quarter, according to the data from International Data Corporation (IDC). The smart ring category is generating a lot of interest from consumers, particularly due to the interesting form factor and several launches in the ...
India`s wearable market grows 29.2% in Q3, smart ring category shows promise
India`s wearable market grows 29.2% in Q3, smart ring category shows promise
Source: IANS
2023-11-15 02:43:19 pm