TMT Predictions 2019
The new Technology, Media, & Telecommunications Predictions forecasts that smart speakers, 3D printing and cloud-based AI increase connectivity and potential for innovation.
Smart speakers will be worth over €6 billion in 2019 becoming the fastest-growing connected device category, Deloitte forecasts in the 18th edition of Technology, Media & Telecommunications Predictions.
Smart speakers are continuing to fly off shelves, selling 164 million units at an average selling price of €38 per unit. Total industry revenues will be up 63 percent, compared to €3.8 billion in 2018
However, the industry will have to overcome looming obstacles to reach its full growth potential.
Speech recognition technologies continue to improve, but wider language support will need to be developed for the technology to be inclusive and experience global adoption.
3D printing breaks through
Deloitte also predicts that in 2019 sales of enterprise 3D printers, materials, and services from large public companies will surpass €2.3 billion in 2019 and top €2.6 billion in 2020, growing 12.5 percent annually each year. The list of possible 3D-printable materials has more than doubled in the last five years, which, along with other improvements, has led to a rebound in the industry’s growth potential.
3D printers today can print a greater variety of materials, which mainly means more metal printing and less plastic printing, although plastic will likely still predominate, they print objects faster than they used to, and they can print larger objects.
AI becomes mainstream
2019 will according to TMT Predictions also be the year companies will accelerate their usage of cloud-based artificial intelligence (AI) software and services. 70 percent of the companies that adopt AI technology, will obtain the capabilities through cloud-based enterprise software, and 65 percent will create AI applications using cloud-based development services.
Cloud will drive more full-scale AI implementations, better return on investment (ROI) from AI, and higher AI spending. Importantly, we’ll see the democratization of AI capabilities—and benefits—that previously only were available to early adopters.
Additional topics from Deloitte's 2019 TMT Predictions include:
- eSports continue to surge
- Radio remains relevant
- China will have world-leading telecommunications networks
- Evaluating quantum computing