Open source ecosystem could drive massive economic growth

Open source software and hardware not only contribute to the European economy in a significant way, but also promise “significant growth opportunities” for the digital economy in the region. This is according to a new report from the European Commission, which concludes that the EU should “pursue a dedicated open source industrial policy” to facilitate growth. Conducted by Fraunhofer ISI …

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5G market set for massive growth

Global revenue coming in from 5G network infrastructure is expected to grow 39 percent year-on-year, according to fresh figures from analyst firm Gartner. That would put the revenue at $19.1 billion for the year, up from $13.7 billion last year Gartner’s latest report on the mobile connectivity technology says communications service providers (CSP) in mature markets have sped up their …

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IT spending set for another year of growth

Businesses are expected to spend a total of $4.2 trillion on information technology (IT) this year, an increase of 8.6 percent on 2020, a new report from Gartner suggests. The analyst firm claims organizations are still suffering revenue declines, but that many of them are increasing their IT spending ahead of revenue expectations. However, boards and the C-Suite are not …

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Hostinger web hosting interview: growth and remote working

Hostinger web hosting is one of the internet’s most popular platforms, and has been featured multiple times in our guide to the best web hosting services. Our most recent Hostinger review gave the company and service 4.5 out of 5, with a special commendation for its great price and powerful integrated website builder.  We caught up with Hostinger’s CMO, Daugirdas …

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IaaS market recorded meteoric growth in 2020

The global infrastructure-as-a-service (IaaS) market generated $64.3 billion in revenue last year, representing growth of 40.7 percent over 2019. According to analyst house Gartner, AWS remained the number one player in the IaaS market, taking in $26.2 billion in revenue and holding 41 percent market share. With 28.7 percent growth, the company’s rate of growth was “slightly lower” than that …

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European cloud market set for massive growth

The growing number of data centers popping up across Europe, as well as large enterprises discovering the many benefits of the Platform-as-a-Service (PaaS) model, will see the European cloud computing market worth more than $140 billion by 2028.  This is according to a new report from market research and consulting firm Global Market Insights, which claims that key cloud vendors …

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Wondering what’s stalling your business growth and recurring revenue success? Consider these six systemic issues

Businesses today realize they must optimize front and back-office operations—a process collectively referred to as lead-to-revenue operations—to shift to a recurring revenue model, unlock data and get closer to the customer. Easier said than done?  In a recurring revenue model, organizations must sell, serve, deliver and account in a unified way, with fully connected people, processes, technologies and systems. That …

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UK tech industry sees major growth over last decade

London’s tech industry has increased tenfold over the last decade, a new report from the UK government’s Digital Economy Council and Dealroom, a discovery platform for investors, claims. According to its figures, the number of unicorns in the country (companies valued at least $1 billion) grew from 8 to 81, with those nearing unicorn status growing at a similar pace. …

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Scaling SaaS: How to emulate Europe’s titans and supercharge your software company’s growth

“Software is eating the world.”  When Marc Andreesen coined that phrase in 2011, he was talking explicitly about the next generation of Silicon Valley companies that were set to drive a new wave of disruption across industries.   10 years later, it’s safe to say that Andreesen was right about software – but wrong to assume that the US would …

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Businesses struggling to keep up with the growth of data production

Dealing with unstructured data is becoming quite the problem for organizations everywhere. According to a new report from data migration software provider Datadobi, data management costs are expected to grow by more than a quarter (26 percent) in the coming year. The biggest challenges include storage management, disaster recovery requirements, cost and migration. To tackle these issues, organizations are forced …

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