North American investment in venture capital-backed health technology and digital health companies hit a record through the first 10 months of the year, outpacing all of 2019 with two months to go. The total venture capital raised by health tech so far this year reached $12.2 billion, compared with $10.7 billion for all of 2019. Digital health ... READ MORE >
Tech, Media and Telecom
IT firms comprise the fastest-growing U.S. industry, with more than double the average growth of all other sectors. From software developers to new gig economy platforms, the middle market is an active participant in this exciting space.
CHART OF THE DAY: Gaming goes to the cloud
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 revenue of $14.93 billion – a nearly tenfold growth in as ... 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 17, California Gov. Gavin Newsom ordered all schools ... READ MORE >
As cars become increasingly connected, the prevalence of autonomous vehicles will grow
In recent years, auto companies have developed more technologies that enable autonomy for their vehicles. As the number of sensors and technologies in cars has increased, so too has the amount of data available for machine learning algorithms to harness for potential innovation. These data points are sourced from a car’s steering, braking and navigation ... 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 release the system in November. Not to be outdone, ... 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 is now spreading more in Europe and North America. ... 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 for web developers and applications software ... READ MORE >
Wearables and the fight against COVID-19
As COVID-19 continues to spread around the world, research organizations are trying to leverage wearable technology and crowd-source data to aid in the fight against the global pandemic. But many are wondering if giving up on user privacy for the greater good comes with a price. Tracking COVID-19 Current data indicates that the use of wearables has tripled ... 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 strong 2020, with projected revenues of $37 billion. ... 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 interconnected to the world economy, supplying mainly ... READ MORE >