With Amazon’s recent announcement of its cloud gaming service, Luna, the race to the cloud is on in the gaming industry as consoles and digital downloads are destined to become a thing of the past. By 2024, the global cloud gaming user base is expected to reach 124.4 million, with an estimated global ... READ MORE >
Education technology will be crucial this school year, could see record venture capital in 2020
As fall draws near, school districts, educators and parents are trying to figure out what educational plans will look like for students and teachers in the 2020-2021 academic year. Earlier in the pandemic, UNESCO estimated that nearly 1.5 billion learners globally were affected by school closures. On July ... READ MORE >
Upcoming Xbox, PlayStation consoles may accelerate the growing esports industry
Anticipation is building around new gaming console releases expected from Sony and Microsoft, at a time when the esports industry is already growing amid the coronavirus pandemic. Sony announced full details and specifications of the redesigned PlayStation 5 console on June 11, and is anticipated to ... READ MORE >
Video gaming and esports, already growing in the U.S., see major lift during pandemic
A rise in video gaming since pandemic shelter-in-place orders went into effect could be the wave the esports industry has been looking for to become a more widespread trend in the United States. Until more recently, the growing popularity of esports had been most dramatic in Asian countries. The trend ... READ MORE >
Tech jobs have not been spared in the pandemic, but growth of remote work helps some
Before COVID-19, unemployment in the technology sector was at a five-decade low and was far lower than the overall U.S. unemployment rate. Though unemployment has risen for some parts of the technology sector as the pandemic has gripped the country, companies are still hiring for other roles. Job postings ... READ MORE >
Despite COVID-19, TV broadcasting has potential to finish 2020 strong
Strong revenues are becoming more of an anomaly in 2020, given disruptions across all industries as the coronavirus (COVID-19) pandemic continues to unfold. Yet despite the competitive landscape, local television stations and broadcasting networks in the United States continue to position themselves for a ... READ MORE >
Coronavirus and the global technology supply chain
To understand why the coronavirus has had such a profound impact on global supply chains and the world economy, look no further than how reliant technology companies have become on Chinese manufacturers. Nearly 20 years ago, during the SARS epidemic, China’s economy was much different and less ... READ MORE >
The new tech economy is all about location, location, location
Economic output in the United States is increasingly revealing a geographic divide, with a greater share of gross domestic product being concentrated in the nation’s largest metropolitan areas. In 2018, 31 counties generated 32% of U.S. gross domestic output, according to a report in Bloomberg based on ... READ MORE >
Coronavirus epidemic threatens technology global supply chain
Coronavirus deaths continue to rise Recently, we’ve seen significant volatility within the global market as investors continue to weigh the overall impact of the coronavirus (2019-nCoV). While a vaccine from drugmaker Gilead Sciences Inc. brings a glimmer of hope in finding a cure, the virus ... READ MORE >
Retransmission fees give lift to TV broadcast revenue as advertising declines
It may come as no surprise that advertising revenue for broadcast television has been declining for the past decade as on-demand streaming options such as Netflix and Amazon Prime have proliferated. According to second-quarter 2019 Nielsen data, traditional television viewing among 18- to 24-year-olds ... READ MORE >