The latest report titled “Tech, Media, and Telecom (TMT) Predictions 2023 – Thematic Intelligence” identifies the top 25 themes that will impact the TMT industry in 2023. For each theme, the report offers a series of predictions and identifies winners and losers. The report classifies the 25 themes for 2023 into three groupings including technology themes, macroeconomic themes, and industry themes. Companies that invest in the right themes become success stories; those that miss the big themes ultimately fail. Given that so many themes are disruptive, it is very easy to be blindsided by industry outsiders that invade your sector.
So, to help our clients gain a competitive advantage, we have developed GlobalData’s thematic intelligence ecosystem, a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors.
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Top technology themes: Artificial Intelligence, Cybersecurity, The Metaverse, The Future of Work, 5G, Batteries, Future Mobility, Robotics, Cloud Computing, Blockchain and Cryptocurrency, Fintech, Consumer Internet of Things (IoT), Enterprise IoT, Healthtech, Space Economy, Quantum Computing, Social Media, Gaming, and Video Streaming are the top technology themes impacting the TMT industry.
The Metaverse: The metaverse will be worth $376 billion by 2025, but there will be a winter in 2023. Despite the attention paid to the consumer metaverse, the enterprise metaverse will advance in 2023. Digital twins will be used to simulate scenarios, helping with risk assessments, predictive maintenance, and collaboration. For example, Nvidia’s Omniverse allows companies to simulate factories and machinery. In 2023, digital twins will be the first foray into the metaverse for many businesses, especially industrials. The focus will be on collaboration, enterprise design, data visualization, product simulation, and process optimization.
Quantum Computing: The quantum computing market will be worth $5 billion by 2025. Shor’s algorithm, a QC algorithm that can factor integers exponentially faster than a classical computer, has the potential to break internet encryption codes such as the widely used Rivest-Shamir-Adleman (RSA) public-key encryption algorithm. In July 2022, the National Institute of Standards and Technology (NIST) announced four quantum-resistant cryptographic algorithms.
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Top Macroeconomic Themes: Environmental, Social, And Governance (ESG), macroeconomic outlook, supply chain disruption, China, and the Ukraine conflict are some of the top macroeconomic themes.
The Ukraine Conflict: Although the expected contraction of the Russian economy by around 5% in 2022 is less severe than initially expected after the invasion of Ukraine and the imposition of unprecedented Western sanctions, the country will remain in recession in 2023. A drop in GDP of approximately 2.5% is based on declines in oil and gas prices and output volumes and the negative effect on industrial production of sanctions on Russian imports. The spike in energy and food prices caused by the Ukraine conflict has exacerbated the existing inflationary pressures in the global economy and forced central banks to accelerate interest rate rises in countries across the world.
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Top Regulatory Themes: Data privacy will emerge as one of the most impacting regulatory theme for the TMT industry. Fragmented privacy regulations will increase compliance costs. Growing public awareness of data privacy issues has pressured countries to enact more stringent data privacy laws. While the EU’s General Data Protection Regulation (GDPR) remains the gold standard of data privacy regulation, the risk of the UK government diverging from GDPR and fragmented data privacy regulations within the US and globally could increase compliance costs for multinational businesses.
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Metaverse Market Size, Share, Trends, Analysis and Forecasts By Vertical (BFSI, Retail, Media and Entertainment, Education, Aerospace and Defense, Manufacturing, Others), Component Stack (Hardware, Software, Services), Region and Segment 2022-2030
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GlobalData is a leading provider of data, analytics, and insights on the world’s largest industries. In an increasingly fast-moving, complex, and uncertain world, it has never been harder for organizations and decision-makers to predict and navigate the future. GlobalData’s mission is to help our clients to decode the future and profit from faster, more informed decisions. As a leading information services company, thousands of clients rely on us for trusted, timely, and actionable intelligence. Our solutions are designed to provide a daily edge to professionals within corporations, financial institutions, professional services, and government agencies.
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