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968049

IDC FutureScape: Worldwide Monetization 2021 Predictions

Published: | IDC | 17 Pages | Delivery time: 1-2 business days

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IDC FutureScape: Worldwide Monetization 2021 Predictions
Published: October 27, 2020
IDC
Content info: 17 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

This IDC study highlights key trends in digital business models and monetization technology adoption and presents the top 10 predictions and key drivers for the next five years."The COVID-19 pandemic has emphasized the importance of being able to quickly adapt to business opportunity change. Companies that have an agile and digital quote-to-revenue process and have a recurring business model are ahead of their peers to recover to the next normal," said Mark Thomason, research director, Digital Business Models and Monetization at IDC.

Table of Contents
Product Code: US46246920

IDC FutureScape Figure

Executive Summary

IDC FutureScape Predictions

  • Summary of External Drivers
  • Predictions: Impact on Technology Buyers
    • Prediction 1: By 2021, over 51% of Software Revenue Will Come from the Recurring Business Model That Includes On-Premises Software Sold as Subscription and Software as a Service
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 2: By 2022, 45% of Software Companies Will Deploy Commercial Usage Analytics Solutions to Improve Customer Engagement and Product Bundling, Discover Value Metrics, and Enable Consumption/Outcome Pricing
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 3: By 2022, 55% of SaaS Vendors Will Use Anonymized Data Collected Within Their Platforms to Provide Insights and Benchmarks, Leading to Increased Value and Differentiation for Their Offerings
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 4: By 2023, 25% of G2000 Companies Will Be Using AI-Driven Pricing Solutions to Dynamically Recommend Priced Offerings and Bundles to Increase Customer Expansion
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 5: By 2023, the Need for G2000 Companies to Manage and Monetize Multipartner Solutions Will Lead to Five Times Growth in Marketplaces Due to Easier-to-Deploy SaaS-Based Ecosystem Orchestration Platforms
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 6: By 2023, 60% of Organizations Deploying IoT Will Leverage the Data to Create New Data-Driven Offerings with Recurring Business Models
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 7: By 2024, over 35% of All B2B Commerce Will Occur Digitally, Causing More Manufacturers and Distributors to Adopt a Digital Quote-to-Revenue Process to Streamline Their Sales Process
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 8: By 2024, 25% of Technology and Software Will Be Priced Using New Price Optimization and Guidance Capabilities, Leading to Predictable Revenue Management Across Channels
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 9: By 2024, 60% of Companies Doing Business Internationally Will Accept Five or More Local Payment Methods per Country to Smooth Cross-Border Transactions and Reduce Churn
      • Associated Drivers
      • IT Impact
      • Business Impact
      • Guidance
    • Prediction 10: By 2025, 60% of Enterprises Will Be Leveraging AI to Effectively Govern Contractual Third-Party Relationships as well as Financial Risks Related to Monetized Subscription Services
      • Associated Drivers
      • IT Impact
      • Guidance

Advice for Technology Buyers

External Drivers: Detail

  • Accelerated Disruption - Crisis, Resilience, and Opportunity
  • Strategic Innovation - Shaping the Future Enterprise Today
  • The Next Normal - Resilient Business and Operating Models
  • Intelligence Everywhere - Data Drives Action
  • Digital Platform - Ecosystems at Scale
  • Customer Engagement Redefined - Safe, Secure, and Sustainable Digital Experience

Learn More

  • Related Research