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IDC MarketScape: Asia/Pacific Low-Code/No-Code Development Platforms 2024 Vendor Assessment

Dhiraj Pramod Badgujar — Mon, 30 Sep 2024 04:00:00 GMT

The IDC MarketScape report evaluates the 2024 Asia/Pacific low-code/no-code (LCNC) development platforms, highlighting the growing importance of these technologies in accelerating digital innovation and enhancing IT agility. The report underscores the increasing adoption of LCNC platforms because of their ease of use, cost efficiency, and ability to involve non-IT personnel in app development. A total of 14 vendors were assessed for their capabilities and strategies, providing insights for technology buyers to make informed decisions.

The Asia/Pacific region is experiencing a surge in adoption/demand for LCNC due to challenges such as increased competitiveness, developer scarcity, rigid systems, increasing expenses, skill gaps, and technical debt accumulation. Over 55% of organizations in the region consider LCNC as an essential development environment for creating future-proof enterprise automation solutions, as per the IDC 2024 Asia/Pacific Software Survey.

"Low-code/no-code platforms are revolutionizing digital innovation in Asia/Pacific, empowering developers and business users to drive greater productivity, agility, and innovation. The nature of low-code and no-code platforms is intuitive, and it could encourage and support organizations to drive rapid application development, thereby reducing the development challenges," says Dhiraj Pramod Badgujar, senior research manager, xOps Software Development and AI Developer Strategies Practice, IDC Asia/Pacific.

IDC MarketScape: Asia/Pacific Managed Security Services 2024 Vendor Assessment

Sakshi Grover, Christian Fam — Mon, 30 Sep 2024 04:00:00 GMT

This IDC MarketScape evaluates 22 different vendors that provide managed security services (MSS) within the highly competitive and maturing Asia/Pacific market. The participating firms were meticulously evaluated using the IDC MarketScape model, which reviews the vendors' capabilities and strategies against an extensive list of scoring criteria and parameters. The 20 different market-determining criteria included functionality or offering, portfolio benefits, delivery model, geographical presence, partnership ecosystem, marketing/thought leadership, innovation, business performance, and customer service delivery, to name a few.

Through a combination of primary research and IDC's in-depth industry knowledge and insights, IDC conducted a series of interviews and multipoint assessments with vendors and their clients to comprehensively capture the differentiating factors, strengths, and challenges of each vendor. Following a comprehensive analysis, the results were deliberated with IDC's internal panel of expert analysts, resulting in the positioning in IDC's MarketScape figure. The vendors' position on IDC's MarketScape figure will serve as a useful and relevant barometer for Asia/Pacific enterprises currently evaluating a trusted security services partner to help them navigate their secure-by-design journeys.

"The managed security services (MSS) market in Asia/Pacific has undergone significant transformation over the past two years, driven by advanced cybersecurity threats and the increasing need for scalable and sophisticated security solutions. Enterprises across industries, such as financial services, healthcare, and manufacturing, are viewing cybersecurity as a core part of their business strategy rather than just a defensive measure. Organizations are increasingly focused on building resilience against cyber incidents, securing cloud and hybrid environments, and leveraging AI/ML for automated threat detection and response. Strategic partnerships, customer-centric service models, and advanced technologies, such as quantum-safe cryptography, are playing a critical role in shaping the MSS market in the region," says Sakshi Grover, senior research manager for Cybersecurity Services and Products, IDC Asia/Pacific.

"Focus is increasingly on customer-centric models. Enterprises have started realizing that surviving alone is difficult, and customers also understand the needs of their enterprise. Collaboration on security technologies is the way to defend against crippling attack vectors," she adds.

Canadian Government at Work, 2024

Mark Schrutt, Nigel Wallis — Sat, 28 Sep 2024 04:00:00 GMT

This IDC Tech Buyer Presentation outlines key challenges and initiatives in the Canadian government's digital transformation efforts. It emphasizes the importance of cybersecurity, workforce development, and citizen engagement while highlighting the growing role of AI and cloud technology in government operations. This IDC Tech Buyer Presentation also discusses the government's budget priorities, talent gaps, and the modernization of legacy systems, focusing on improving digital infrastructure, managing cybersecurity threats, and enhancing operational efficiency across federal and provincial levels.

Accenture FY 4Q24: Quarterly Revenue Up 3%, New Bookings Up 21%, Record Bookings for Fiscal Year, FY25 Business Outlook is Cautiously Optimistic

Gard Little — Fri, 27 Sep 2024 04:00:00 GMT

On September 26, 2024, Accenture reported its Q4 FY24 results, including $16.4 billion in quarterly revenue, a 3% YoY increase in USD and 5% in local currency. The earnings call was led by Julie Sweet, Accenture's Chair and Chief Executive Officer, KC McClure, Accenture's CFO, and Angie Park who will be Accenture’s new CFO in FY25. Here are the key quarterly details:

Consulting revenues were $8.26 billion for the quarter, a 1% YoY increase in USD and 3% in local currency. Managed Services revenues were $8.15 billion for the quarter, a 5% percent increase YoY in USD and 7% in local currency.
Operating income for the quarter was up 23% at $2.35 billion, or 14.3% of revenues, compared with $1.91 billion, or 12% of revenues, for Q4FY23. Operating margin for Q4FY24 expanded 230 basis points.
Free cash flow this quarter was $13.8 billion, down from $3.41 billion for the same period last year. Its cash balance shrank from $5.5 billion at the end of the prior quarter to $5 billion.
New bookings for the quarter were $20.1 billion, split between consulting ($8.6 billion) and managed services ($11.6 billion), a 21% YoY increase in USD; the consulting book-to-bill ratio was 1.0 compared with 1.4 for managed services.
By geographic market, net revenue changes in Q4FY24 compared with the fourth quarter of fiscal 2023 were as follows—North America: $7.97 billion, an increase of 5% in both USD and 6% in local currency; EMEA: $5.64 billion, an increase of 2% in USD and in local currency; Growth Markets: $2.8 billion, a decrease of 3% in USD and an increase of 9% in local currency.
By industry group, net revenue increase in USD in Q4FY24 compared with Q4FY23 for Communications, Media & Technology (2%), Health & Public Service (10%), and Products (4%); and while Resources was flat, a 5% net revenue decrease was reported for Financial Services.

For FY25, Accenture announced its revenue growth guidance to be in the range of 3% to 6% in local currency and assumes that foreign-exchange headwinds will be 1.5% in USD. Accenture expects operating margin for FY25 to be in the range of 15.6% to 15.8%, which would be an expansion of 80 to 100 basis points from FY24. Q1FY25 revenue guidance is an increase of 2% to 6% in local currency with a foreign-exchange headwinds of 1.5% in USD.

IDC MarketScape: Canadian Managed Detection and Response Services 2024 Vendor Assessment

Yogesh Shivhare — Fri, 27 Sep 2024 04:00:00 GMT

This IDC study presents a vendor assessment of emerging MDR service providers in Canada through the IDC MarketScape model. Using the IDC MarketScape model, 14 MDR service providers with operations and customers in Canada were evaluated. This process included interviewing 12 providers and two or more customers from each provider while for two that did not actively participate in this study, the evaluation was based on IDC's knowledge of their security services offerings and capabilities. Providers were measured in terms of current capabilities and future strategies for delivering MDR services to customers in Canada.

Yogesh Shivhare, research manager, Security and Infrastructure, says, "The managed detection and response services market is indeed a diverse landscape, teeming with a variety of service providers. It encompasses pure-play MDR providers, traditional managed security service providers that have evolved their managed security information and event management offerings into MDR, and security technology vendors that offer MDR services as part of their comprehensive security stack. Each of these vendors brings unique capabilities to the market, enabling them to meet the specific and unique needs of organizations across various sizes and industries. This diversity, while challenging for buyers due to the complexity of the market, ultimately leads to a more robust and tailored cybersecurity posture for the organizations that utilize these services."

IDC MarketScape: Worldwide Retail Media Network Service Providers 2024 Vendor Assessment

Ananda Chakravarty — Fri, 27 Sep 2024 04:00:00 GMT

This IDC study is the first of its kind on the underlying services that support retailers building and creating a retail media network. The market is highly fragmented and new for most retailers.

Focused on the retailer, this document covers key service providers and their strengths in helping launch, develop, build, and augment a retail media network. Few retailers have the talent, data management, advertising competencies, partner connections, advertiser purchaser contacts, and media optimization resources to deliver on the monetization opportunity that sits before them.

Retailers must seek complementary services across a broad set of capabilities to strategically launch, enhance, and operate their new monetization of digital (and physical) assets. Competition in this space is fierce, with over 80% of the top 100 U.S. retailers already adopting retail media through partners or in-house development and just as many in the global retail market.

Service providers are critical to offering core capabilities in media and defining which retailers will capture advertising dollars. With the right consumer and advertiser-focused strategies, retailers can drive multibillion-dollar opportunities for their firms.

"Retailers believing that current teams, resources, and processes will be sufficient to build a retail media monetization strategy effectively are in for a surprise. Retail media is complex, with new concepts from programmatic to connected TV. Effectively, retailers are starting a new business shifting from B2C consumer merchandising to B2B ad sales. With current growth rates, failure is not an option — and service providers will fill retailer gaps," states Ananda Chakravarty, VP of Research, IDC Retail Insights.

IDC PeerScape: Practices for Data Management and Governance Modernization

David Weldon — Fri, 27 Sep 2024 04:00:00 GMT

This IDC PeerScape explores how some leading organizations have embraced modernization practices to improve efficiency, increase productivity, reduce costs, and better delight customers. It looks at the role of executive support, employee reskilling, and data sharing to make modernization efforts successful.

"Technology modernization is more than just digital transformation — the movement toward digital assets and practices. It involves smartly aligning technology investments to achieve maximum improvements in business processes and practices and to make all workers more efficient and effective in how they do their jobs," says David Weldon, adjunct research advisor with IDC's IT Executive Programs (IEP).

IDC PlanScape: Cybersecurity Posture Board Reporting

Dr. Ken Knapton — Fri, 27 Sep 2024 04:00:00 GMT

This IDC PlanScape aims to provide some tools for CIOs and CISOs to utilize to present their very broad, comprehensive cybersecurity posture across all disciplines of the organization in an easy-to-understand manner.

"Boards are taking greater interest in cybersecurity posture and the systemic risk inherent in that posture," says Dr. Ken Knapton, adjunct research advisor for IDC's IT Executive Programs (IEP). "CISOs and CIOs need tools to help them present this complex topic in a concise manner."

IDC PlanScape: Kubernetes Cost Management

Christopher Tozzi — Fri, 27 Sep 2024 04:00:00 GMT

This IDC PlanScape is designed to benefit decision-makers who do not necessarily have hands-on experience managing Kubernetes or who lack deep technical expertise in how the platform works. To that end, the guidance discussed in the sections that follow focuses on high-level concepts and avoids delving too deeply "into the weeds." The primary goal is to identify strategic practices for Kubernetes cost management, such as understanding the ROI of different Kubernetes infrastructure models, as opposed to discussing tactical considerations like how to configure Kubernetes pods in a cost-effective manner.

"Put bluntly, Kubernetes cost management can be a nightmare," says Chris Tozzi, adjunct research advisor for IDC's IT Executive Programs (IEP). "But with the right practices and data sources, enterprises can effectively manage their Kubernetes spending and maximize the ROI of this vital platform."

AI-Driven Software Development: How AI Is Enhancing Developer Efficiency Featuring Amazon Q Case Studies

Dhiraj Pramod Badgujar, Daniel-Zoe Jimenez — Thu, 26 Sep 2024 04:00:00 GMT

The IDC Perspective explores how AI, particularly GenAI, is revolutionizing software development by enhancing developer efficiency and productivity. It highlights the challenges of traditional workflows and the benefits of AI tools in automating tasks, improving collaboration, and optimizing processes. The report also discusses Amazon Q, an AI-powered development platform, and its impact on various industries through case studies.