Total worldwide enterprise storage systems factory revenue declined 2.2% year-over-year to $10.4 billion during the fourth quarter of 2015 (4Q15), according to analyst firm IDC.
Analyst firm IDC has identified cognitive computing as one of six ?Innovation Accelerators? that will drive digital transformation by opening new revenue streams, creating information-based organizations, and changing the way work is performed.
The abrupt weakening of global demand for TV sets, combined with continued LCD capacity expansion, caused an oversupply in the market in the second half of 2015.
The worldwide wearable device market took a big step forward in the fourth quarter of 2015 (4Q15), fueled by the growing popularity of fitness trackers and the Apple Watch.
Despite the increasing popularity of activity trackers, the medical device market still awaits the shift to connected devices that has been underway in the consumer market over the past few years.
In the fourth quarter of 2015, Samsung and Huawei were the only two top-five smartphone vendors to increase their sales to end-users. Apple suffered its first decline in sales of smartphones ? iPhone sales were down 4.4 percent.
Worldwide IT spending is expected to post a major slowdown in 2016, as economic weakness in emerging markets and saturation of the smartphone market combine to result in a significantly slower pace of tech spending growth compared to the past six years.
