According to IDC, more than 60% of respondents believe that observability solutions serve narrow requirements and fail to provide a complete view of current operating conditions.

Declining demand and challenging macro-economic conditions have caused IDC to further lower its forecast for the worldwide PC and tablet markets.

Real market recovery is not expected to occur until 2024, when IDC expects 5.9% year-over-year growth followed by low single-digit growth.

"We saw some normal ebbs in threat activity over the year, but the surges were stunning, delivering a volume of attacks weve never seen before."

IDC notes comprehensive product roadmap, exceptional customer support, and a feature-rich solution as key strengths of Oracle Cloud EPM.

IDC says that the full-year market size neared the level ten years ago when two out of five mobile phone shipments were still feature phones.

"IDC expects data sovereignty and industry compliance considerations to be of increasing importance to decisions about IT architectures."

Worldwide smartphone shipments fell 18.3% y-o-y to 300.3 million units in the 4th quarter of 2022, according to IDC Worldwide Quarterly Mobile Phone Tracker.

IDC forecast shows worldwide LCNCIDT revenue growing to US$21 billion in 2026 with a five-year compound annual growth rate (CAGR) of 17.8% from 2021-2026.

IDC expects to see continuous strong demand for shared cloud infrastructure with spending expected to surpass non-cloud infrastructure spending in 2023.

Nearly all growth will come from investments in public cloud software, which is expected to represent nearly two thirds of all enterprise app revenue in 2026.

Global shipments for traditional PCs fell below expectations as 67.2 million PCs were shipped in Q4 2022, down 28.1% from the prior year.

According to IDC, trade-in programs continue to be the driving factor for the new and used smartphone market globally.

"IDC's 2023 predictions for the future of digital infrastructure identify critical shifts in governance, operations, architecture, and sourcing."

 "Pandemic driven behavioural changes, combined with the mainstreaming of the unique habits of Gen Z and Millennials, have given rise to the Future Consumer."

"Data-driven operations is a journey but this should not be interpreted as a reason to be complacent. Organisations which fail to see it will not survive."

Organisations are looking to expand industry ecosystems as the next phase of digital transformation, building upon investments they've made.

Tricentis is recognised for its strategy to be the go-to testing partner for producing functional quality, performance, and security.

IDC has revealed some dramatic shifts occurring in how different generations earn income, spend their money, and leverage technology to do both.

"Organisations are loving the openness towards having workload portability and getting the best out of their cloud strategy."

The downturn in 2022 was brought on by difficult year-over-year comparisons following the market's dramatic growth during the first two years of the pandemic.

Worsening macroeconomic conditions have led to a reduction in the outlook for global smart home device shipments according to IDC.

IDC has revealed its outlook for augmented reality (AR) and virtual reality (VR) headsets for the remainder of 2022 and beyond. 

"The next five years will mark a period of distinct change in both the mechanics and social attitudes surrounding normalised work practices."