MARKET | Apr 5, 2018

3 emerging trends over the next 5 years

What does the near future hold according to a Deloitte report on Technology, Media and Telecommunications?

Flipping through the pages of the 17th edition of the Deloitte Technology, Media & Telecommunications (TMT) Predictions, report, some data emerge that either confirm or contradict one of today’s most often discussed issues.

The objective of the research was to analyze the Digital Transformation opportunities that will take shape over the next 5 years. Regarding the future of technology and telecommunications, what are the 3 emerging trends according to Deloitte?

 

Machine Learning

According to the Deloitte report, by the end of this year companies will double and by 2020 quadruple the number of projects in which machine learning in companies. Along with projects, investments in this sector are clearly increasing: spending on Machine Learning will amount to 57.6 billion dollars in 2021, almost fourfold compared with 2017 when it was around 12 billion.

Facilitating the growth of Machine Learning is the development of semiconductor chips that will enable the optimization of energy consumption in the face of better performance.

 

Smartphone

One of the most curious figures is that by 2023 it is expected that 90% of adults (9 out of 10) in developed countries who possess a smartphone will be ready to interact with their phone on average 65 times a day, representing an increase of 20% compared with 2018. Phone sales will come to number 5 million a day. And for those who believe that the smartphone creates dependence, it is interesting to note that the report foresees 45% of users worried about this aspect and 45% of those who will try to limit their use, probably starting a targeted “diet”.

In the face of greater use of the smartphone, there will be an ever-decreasing use of TV, which has already been declining since 2010 and will show a decrease of between 5 and 15% this year for the USA, Canada and the United Kingdom.

Users who can use their connection (IFC) with smartphones or other devices in flight at a height of over 10 thousand meters will number 1 billion at the end of this year, 20% more than in 2017.

Digital content

Live content is in net increase according to Deloitte, which foresees over 680 million digital subscriptions taken out by 2020, with a total of direct revenues that will already exceed 545 billion dollars in 2018.  Consumers are increasingly likely to invest in order to view interesting paid content: by the end of 2018, 50% of adults living in developed countries will have at least 2 subscriptions to online media, and this will have doubled in 2020.

The expected direct revenue generated for this type of content will amount to over 545 billion dollars in 2018.