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IDC's New Industry Framework, Definitions, and Transition Plan

Publisher IDC
Published Aug 23, 2023
Length 21 Pages
SKU # IDC18143192

Description

IDC's New Industry Framework, Definitions, and Transition Plan


This IDC Market Perspective provides a detailed description of IDC's new worldwide industry taxonomy. It should be viewed as a guide to help navigate the transition from the old taxonomy to the new framework. Technology suppliers may utilize this approach and structure as inspiration as they evaluate their own industry strategy and organization."The development of a new industry taxonomy was not taken lightly or completed in isolation," said Serena Da Rold, associate research director, IDC's Data and Analytics. "IDC spent a year researching existing industry taxonomies. In this time, we conducted a study of economic standards, client inquiries, tech vendor industry taxonomies, and competitive taxonomies."Program Vice President Eileen Smith added, "The conclusion was that a restructuring of the industry segmentation within IDC's taxonomy was necessary to keep clients informed to the degree expected in the modern world. With more thoughtful categorization and granular segmentation, IDC data users are better equipped to identify, analyze, validate, and action questions and insights specific to the industries they serve."

Please Note: Extended description available upon request.

Table of Contents

21 Pages
Executive Snapshot
New Market Developments and Dynamics
Definitions
Relationship to the Prior Framework
New Industry Selection Process
Future Outlook
Transition Plan
Company Size Expansion
Advice for the Technology Supplier
Learn More
Related Research
Synopsis

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