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9 Tech Trends To Cash In Billions Next Year

By SiliconIndia  |   Monday, 03 December 2012, 05:37 Hrs
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#8 Tech will grow insanely fast in emerging countries

 IT spending in emerging markets will grow by 8.8% in 2013 to more than $730 billion.  These will contribute to 34 percent of all IT spending worldwide, and more than 50 percent of all new growth in the IT marketplace. The BRIC countries (Brazil, Russia, India, and China) will continue to dominate IT spending among the emerging markets with China capturing more than a quarter of this spending. The rate of growth in emerging markets will be twice that of developed countries IDC says, and one-third of the customers that IT vendors have will come from these areas.

#7 Big IT companies will feast on smaller cloud players

The software service market had a blitz in past 12 months, with big vendors like Oracle and SAPS spending billions to buy their way into the IT market. "There will be over $25 billion in SaaS (software as a service) acquisitions over the next 20 months, up from $17 billion in the past 20 months," IDC says. Some companies are too highly valued to make for easy acquisitions, like which is worth $22 billion, or Box at $1.2 billion. However the bunch of other companies like Okta, Zenoss, and ServiceMax can be up for grabs.

Read Also: 9 Most Expected Apple Products Of 2013

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