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TMT Predictions 2020
What does the future hold for technology, media, and telecommunications
In 2020 and beyond, technologies will continue to offer transformation and growth opportunities to enterprises worldwide, fundamentally changing the way we live and work. This year’s predictions are a helpful guide for TMT business leaders to break through the clutter and understand what to do next in order to be successful in 2020 and beyond.
TMT Predictions 2020
Deloitte’s 2020 TMT Predictions report focuses on three overarching themes: individual technologies are becoming ever more interconnected and interdependent, increasing their impact and value as a result; smartphones, computers, TVs, enterprise data centers and software, and IoT will drive most of the TMT industry’s revenue; and lastly many previously hyped services and products will finally become a reality in 2020.
This trio of trends may make predicting more predictable! An interconnected ecosystem with a limited number of significant players should allow us to foresee trends with greater accuracy and more confidence. Indeed, it may be time to retire the old joke: “It's tough to make predictions, especially about the future.”
In the near future, maybe it won’t be as tough.
Read all predictions by downloading the TMT Predictions report and watch the video to learn more about what #DeloittePredicts.
Learn more about the top trends
Bringing AI to the device: Edge AI chips come into their own
A new generation of edge artificial intelligence (AI) chips will reduce frustrations caused by lack of internet connection on smartphones by bringing AI to the device. Deloitte predicts that in 2020, more than 750 million edge AI chips—chips or parts of chips that perform or accelerate machine learning tasks on-device, rather than in a remote data center—will be sold, and that the edge AI chip market will continue to grow much more quickly than the overall chip market.
Private 5G networks: Enterprise untethered
Deloitte Global expects that more than 100 companies worldwide will have begun testing private 5G deployments by the end of 2020. Over the next decade, hundreds of thousands of companies are likely to deploy private cellular networks. Private 5G promises superior performance to that of other wireless standards and greater flexibility than wired networks.
The emergence of 5G will offer unprecedented opportunities for companies to grow and achieve new levels of productivity. In conjunction with other ecosystem technologies, such as IoT, 5G will enable a connected future that will continue to dramatically transform enterprises worldwide.
Cycling’s technological transformation: Making bicycling faster, easier, and safer
By 2023 the number of e-bikes in circulation around the world should reach about 300 million, a 50 percent increase over 2019. Indeed, e-bikes may soon start to invade the niche currently occupied by automobiles thanks to their convenience, utility, and relatively low cost. Electric cargo bikes could become a preferred solution for last-mile delivery in cities.
Coming to a Content Delivery Network near you: Videos, games, and much, much more
Deloitte also predicts that by 2022, CDNs are expected to carry 72 percent of all internet traffic. In addition to existing CDN providers, a growing number of media and telecom companies are developing CDNs as well. The largest driver of growth for the CDN market will likely continue to be the rising demand for video over the internet. That video traffic is fueled by the continued growth in streaming video on demand services (SVOD).
Do you want to know more on the TMT Predictions, or other developments in the TMT industry? Please contact Marc Beijn.