Today’s technologies are creating new tomorrows. Technology companies are leading the way in their climate commitments for a more sustainable world. Explore these predictions and more to learn what’s next in technology, media, and telecommunications with Deloitte’s Global Technology, Media, and Telecommunications (TMT) Predictions 2023.
This year’s predictions, highlight how trends in TMT may affect businesses and consumers in Africa. These trends introduce us to a more connected and multi-device world including:
Too congested before we’re connected? The Broadband satellites will need to navigate a crowded sky. LEO satellites could bring high-speed internet to every corner of the world—if they can stay out of each other’s way. Fortunately, adjacent industries are gearing up to help.
Accessible is possible with the introduction of the US$99 5G smartphone. 5G phones under US$100 are set to bring advanced wireless to consumers worldwide, with software, ads, and content sales providing the profits.
5G’s promised land finally arrives and 5G standalone networks can transform enterprise connectivity. The coming migration to 5G standalone core networks is expected to allow for increased device density, reliability, and latency, opening the door to advanced enterprise applications.
AI in chip design with Semiconductor companies using AI to design better chips faster, cheaper, and more efficiently. Recent advances in machine learning are allowing chip companies to solve one of the biggest design problems ever: How do you arrange 100 billion transistors on one square inch? Gallium nitride and silicon carbide semiconductors are gaining speed as high-voltage, high-power applications such as consumer electronics chargers and battery electric cars become more common. The next generation of rad-hard chips is helping bring devices used in high-radiation environments into the 21st century at last. TMT divestitures make a comeback and 2023 deal values in tech, media, and telecom may bounce back strongly.
Everyone’s watching and Advertising Video on Demand (AVOD) finds an increasingly receptive audience. AVOD’s appeal surges as price-conscious viewers become more willing to watch ads in exchange for discounted or free streaming video.
Live sports is the next arena for the streaming wars. As streamers take a growing share of a thriving market, can they go the distance? Digital tools and technologies are bringing virtual effects to physical sets and making production more flexible and cost-effective—freeing creativity from previous constraints.
As seen in your feed with shopping going social, trending past US$1 trillion in annual sales. Propelled by social media influencers and digital-native consumers, social commerce is laying the groundwork for a broader shoppable media landscape. Applications that capitalize on virtual reality’s unique capabilities will be key to enabling VR to enjoy a significant growth rate.
Battle for the Enterprise Edge with providers preparing to pounce on the emerging enterprise edge computing market. Cloud, telco, equipment, and platform companies are vying for a share of enterprise investments in edge services and products that make computing faster, safer, and cheaper.
Tech’s climate commitment on organizational and personal impacts are pushing tech leaders toward faster climate action.
The technology industry has set ambitious deadlines for achieving net-zero. Operational efficiencies, sustainable products, and tech innovations can help it get there. Video game companies, video streamers, and even hyperscalers pursue gaming M&A for talent, tech, and intellectual property to expand portfolios and quickly access new markets.
Many TMT companies are aiming to become smaller and more focused. Bottom-line pressure and high interest from private equity and venture capital firms can make it easier in 2023. Deloitte Global predicts that the total value of TMT divestitures in 2023 could expand by 25–50% year over year to range from US$250–300 billion, well above the US$244 billion average for the period 2016–2020.