May 17, 2020

9 in 10 women in tech would encourage younger women to join the industry

women
Employment
Technology
Sophie Chapman
2 min
Booking.com has discovered women's stance on the technology industry
83% of women who currently work in the technology industry intend to stay in the sector for the coming five to ten years.

According to research conduct...

83% of women who currently work in the technology industry intend to stay in the sector for the coming five to ten years.

According to research conducted by Booking.com, 80% of female professionals who have worked in the industry between one and five years wish to remain, with 83% of women with more than ten years of experience not wanting to change sectors.

India and China are the nations with the highest number of women committed to the industry, with 96% and 94% respectively.

However, 43% of those surveyed in China – the highest global figure compared to other nations – believe that the glass ceiling is hindering their career and that they will not advance beyond a certain point in their career in tech.

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According to the research, 89% of women stated they would recommend working in the industry to the next generation of high school and female undergraduate students.

“There is clearly a thirst and a sense of optimism from women – whether already in the tech industry or hoping to be one day – for the potential that a role in technology can deliver,” commented Gillian Tans, CEO at Booking.com.

“To move the needle further and achieve true gender parity in the global tech industry, we should be looking to harness this optimism and create a more inclusive culture that attracts and retains talented women.”

“It is encouraging and inspiring to see women in technology doing incredible things every day, including actively taking steps to engage with future generations, making their voices heard and launching programs and initiatives with the goal to help drive further gender diversity in the tech workforce.”

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Jul 30, 2021

IoT market expected to grow due to increase in IoT use cases

IoT
Internet of Things
market growth
Catherine Gray
3 min
The Internet of Things (IoT) service market is expected to grow at a rate of 24% through 2025 according to a report by The Business Research Company

An increase in the internet of things use cases is expected to drive the IoT service market, according to the IoT Services Global Market Report 2021: COVID-10 Growth and Change to 2030.

IoT has found its use in many areas over the years. It can be used in manufacturing, farming, smart cities, transportation and in many other industries and fields.

Due to the fact it can be utilised in many industries, there is an increased need for IoT services and applications. IoT services that provide support by delivering services such as consulting, data management, network management and security services, are in much higher demand.

The impact of COVID-19 on the IoT services market

According to the report, the global IoT services market is expected to grow from $139.24 billion in 2020 to $162.39 billion in 2021 at a compound annual growth rate (CAGR) of 16.6%.

In the coming years, the IoT managed services market size is expected to reach $381.16 billion in 2025 at a CAGR of 24%.

This growth lends itself to companies resuming operations and adapting to the new normal as we emerge and recover from the pandemic.

Previously, COVID-19 restrictions led to restrictive containment measures, remote working and the closure of commercial activities that resulted in operational challenges.

IoT use cases driving growth

The IoT services market consists of the sales of IoT services and their related products. IoT services are delivered by the IoT services providers. These providers provide consulting, security and analytics services as per the requirements of the business.

Major players in the IoT services industry are Cisco Systems, Cognizant, Google, Infosys and Tieto Corporation, to name a few.

An increase in IoT use cases is expected to drive the IoT service market; this is where IoT can be used to automate processes and increase productivity. As it has found many uses cases over the years, this increases the demand for IoT services and this is expected to drive growth.

Enhancing deployment workloads with edge or cloud computing

Despite the expected growth, low enterprise adoption is expected to hinder the IoT services market. Although IoT has its use in many industries, due to factors such as low awareness, enterprise adoption is low, the report states.

Only 29% of enterprises have adopted IoT solutions according to the Omida data survey.

Edge or cloud computing however is enhancing the deployment workload on IoT devices, according to the report. This solution facilitates data processing and data storage in the cloud.

Microsoft released its Azure IoT Edge recently. This fully managed service is built on Azure IoT Hub. By moving certain workloads to the edge of the network, businesses that utilise Microsoft’s IoT platform spend less time communicating with the cloud, react more quickly to local changes and operate reliably in extended offline periods. 

The IoT Services Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides an IoT services market overview

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