Oct 28 2015
Carbon Sciences Inc., focused on developing breakthrough technologies based on graphene, the new miracle material, today commented on the extraordinary size of the worldwide information technology (IT) market.
According to a recent Gartner study, IT spending worldwide in 2015 is expected to exceed $3.8 trillion. Of this total amount, spending on devices will be $744 billion and spending on data center systems will be $144 billion. However, the real surprise is spending on the IT services market segment, which is expected to exceed $1 trillion.
"In recent months, we have focused on developing graphene-based fiber optics components, such as photodetectors, fiber lasers and optical switches," said Bill Beifuss, CEO of Carbon Sciences. "Our goal has been to help unclog the existing bottlenecks and enable ultrafast communication in data centers for cloud computing. After digging deeper, we have come to realize the absolute enormity of the IT market."
Mr. Beifuss continued, "Even though our focus is on the device side, we are intrigued by the $1 trillion IT services market segment. This segment is mostly comprised of regionally located, high growth, low capital requirements firms serving the computer and computer networks needs of businesses and other customers. For example, consider Cognizant Technology Solutions. After adopting a growth-by-acquisition strategy, Cognizant has grown to be a multinational IT services business that now reports annual revenues in excess of $10 billion and has a market capitalization in excess of $41 billion."
"Clearly, Cognizant and other major players in the IT industry have taken advantage of the explosive demand surrounding all aspects of information technology," Mr. Beifuss concluded.
Source: http://www.carbonsciences.com/