TMT Predictions

Predictions

Global TMT Predictions 2022

What does the future hold for technology, media, and telecommunications?

Deloitte Ireland 2022 TMT Predictions Webinar

Our annual predictions identify key developments over the next year and explain how these predictions may impact businesses and consumers worldwide. This session features a panel discussion with senior technology leaders, including:

  • Paul Lee, Partner & Global Head of TMT Research. Paul discussed:
    • Is the easing of the global semiconductor shortage in sight?
    • How the tech industry has continued to make progress in women’s workforce representation
    • NFT’s and the tax implications for businesses
    • Streaming services churn and AI
  • Gareth Lambe, Head of Meta Ireland discussed the Tech Arena, as well as a deep dive answering the topical question – “What is the metaverse?”. In particular, we asked Gareth questions about privacy, policy, monetisation, NFT's and more.

In last year's TMT Predictions report, we called COVID-19 a catalyst for the trends we were seeing in the TMT industry. Now, nearly two years in, we still can’t escape its impact. But we do expect that 2022 will be about far more than recovering from the pandemic.

It’s true that COVID-19 has accelerated many of the trends we highlight: the lockdown-driven lift in console gaming, churn due to greater competition among streaming video services, the decline in viewing share among traditional TV broadcasters, the increasing adoption of health and wellness technologies, and the growth in 5G and other advanced connectivity for both enterprises and households. But we also look at new and shining opportunities that are emerging regardless of the pandemic. In this latter category sit technologies like RISC-V, bringing the advantages of open source to chip architecture; quantum computing and its cousins, quantum communication and quantum sensing; addressable TV technology that can help expand television advertising’s reach; and nonfungible tokens (NFTs), which offer new avenues for monetizing sports and other media. In fact, sports NFTs started trading after March 2020, but already generate over a billion dollars in trades!

Some of this year’s predictions are cautionary. The tech industry has continued to make progress in women’s workforce representation, but sustaining this may take redoubled effort. Men and boys will likely continue to read fewer books than women and girls, with implications for academic achievement and social skills. And stricter AI regulations may be on the horizon, with the potential for restricting or even banning some AI applications.

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