Mobility, Analytics Drive Tech Industry Growth

By Dennis McCafferty

The vast majority of tech company executives expect their revenue to grow in the next two years, according to a recent survey from KPMG. True, the overall pace of the economic recovery—along with new regulations—presents potential obstacles, the study suggests, but most industry execs convey optimism, and are planning to boost staffing as a result. As for market drivers, look for mobile solutions, health care IT, devices, apps and data/analytics to dominate over the next two years. "Unlike a few years ago when respondents picked cloud and mobile as the biggest projected revenue drivers, they're now identifying a much broader range of technologies to boost growth in the coming 12 months," said Gary Matuszak, global chair of KPMG's technology, media and telecommunications practice. "Yet, regardless of how confident they are in their strategy, in today's hyper-competitive marketplace marked by rapid technology innovation, it is important for tech companies to remain agile, in case they need to pivot." The findings also offer insight on growing concerns over security, as a notable share of tech companies have had their systems compromised over the past year. A total of 111 U.S.-based tech industry executives took part in the research.

This article was originally published on 2015-06-29