Large Enterprises, one of the segments analyzed in the report, is projected to record 36.2% CAGR and reach US$ 4.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the SMEs segment is readjusted to a revised 38.3% CAGR for the next 7-year period.

The Internet of Things (IoT) Operating Systems market in the U.S. is estimated at US$ 246 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$ 1.2 Billion by the year 2027 trailing a CAGR of 34.9% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.4% and 31.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 25.1% CAGR.

“I am immensely proud of all that we have accomplished over the past eleven years, and am optimistic about the path the company is on,” he wrote in the post.

Fischer oversees Facebook’s advertising business and manages its sales and marketing teams worldwide and has been heavily involved in some of the social media company’s largest deals, including its recent $5.7 billion investment in India’s Jio Platforms.

Fischer also supervises Facebook’s operations in India, its largest market and one of its most important for messaging and shopping. The company reported that sales jumped 22% to almost $86 billion in 2020.

Fischer joined Facebook in 2010 after a long stint working alongside Sandberg at Alphabet Inc.’s Google. The duo also worked together at the U.S. Treasury Department in the late 1990s.

This further proves that the fourth Industrial Revolution (4IR) is upon us, says the Managing Director of Sidmach Technologies, Mr. Chijioke Eke.

Mr. Eke made the remarks at the Titan of Tech Conference & Exhibition 2020 organised by TechTV Networks in collaboration with TechEconomy.ng, stressing that the Covid-19 pandemic has proved to be one of the fiercest crisis the world has had to deal with in recent times.

“It is one which has placed the global economy on a standstill and has affected virtually every industry, including the technology industry.

“The biggest takeaway from the pandemic is that: Everyone must be ready for change – both systemic and endemic.

“The pandemic has shifted global focus to the technology sector as most activities are now being carried out via technological platforms; most business meetings and transactions are now done through conference telephony and virtual meetings. This further proves that the 4^th Industrial Revolution is upon us.

“It has shifted focus to technological development, e-commerce, search engines, and online marketing as the pandemic has isolated people from their businesses.

“Thus, telecommunications industries have thrived as a result of the isolation situation, which now brings the world to the realization that technological advancement to the industry is what would give businesses the upper hand in maximizing the global pandemic for their benefits.

As a Microsoft Gold Partner, Sidmach is a leading provider of world class solutions which has helped boost productivity, collaboration and creativity for Schools, Teachers, and other businesses.