• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Technology Events 2023-2024
  • Sponsored Post
    • Make a Contribution
  • Technology Markets
    • Venture Capital
  • About
  • Contact

2021 Technology, Media & Telecommunications Predictions

December 8, 2020 By admin Leave a Comment

Deloitte TMT Predictions 2021: Growth in Cloud, Intelligent Edge, Sports Tech, Digital Reality and Telemedicine Accelerates

– Global cloud spending will grow 7x faster than overall IT spend

– The global market for intelligent edge computing will expand to $12 billion

– The sports tech market has seen an upswing of venture capital interest, with over 3,000 global deals and funding rounds over five years

– In 2021, there will be more than 400 million video visits to doctors worldwide

Deloitte today released its “2021 Technology, Media & Telecommunications (TMT) Predictions,” which highlights how worldwide trends in TMT may affect businesses and consumers worldwide. In addition, the report highlights how many of these trends are being driven by the global pandemic’s economic and societal impacts, resulting in growth for cloud technologies, the intelligent edge, media segments such as sports and the shift to telemedicine.

“If we’ve learned anything during this challenging year, it’s how critical technology, telecom, media, and entertainment innovation is for business continuity, keeping in touch with friends and family, appreciating new ways to entertain and learn, and taking care of our health,” said Kevin Westcott, vice chairman and U.S. Technology, Media & Telecom leader, Deloitte LLP. “The pandemic will continue to shape business strategies in 2021, and consumers will expect faster, more reliable and safer user experiences. TMT companies that can address these customer needs, while rebuilding their industries for growth, will likely emerge as leaders next year and beyond.”

The pandemic drives cloud growth
By some metrics, the cloud market grew even faster in 2020 than in 2019. According to the TMT Predictions report, this was driven by increased demand due to COVID-19, lockdowns and the work-from-anywhere business environment. Deloitte predicts that revenue growth will remain greater than 30% for 2021 through 2025 as companies migrate to the cloud to save money, become more agile and drive innovation.

Unleashing Industry 4.0 with the intelligent edge
The intelligent edge—the combination of advanced wireless connectivity, compact processing power and AI, and located near devices that use and generate data—is already animating some of the largest technology and communications companies on the planet. Deloitte predicts that in 2021, the global market for the intelligent edge will reach $12 billion, continuing a CAGR of around 35%. That increase is being driven primarily by telecommunications companies and their expanding 5G networks, along with hyperscale cloud providers. These highly capitalized, trailblazing leaders may make it easier for companies across multiple industries to attain the intelligent edge.

“Many of our technology predictions emphasize a reliance on virtual innovation driven largely by the pandemic – remote working, digital transformation and cloud migration have all accelerated faster than we expected,” said Paul Silverglate, vice chairman and U.S. technology sector leader, Deloitte LLP. “But one prediction we’ll be keeping a very close eye on, driven primarily by the expansion of 5G networks and the rise of artificial intelligence, is growth of the intelligent edge. By bringing powerful computing capabilities closer to where data originates, the intelligent edge unlocks the potential for faster, less expensive and more secure operations in everything from autonomous vehicles to augmented reality to the Internet of Things—helping to realize the promise of Industry 4.0.”

Women and tech transform sports
While the number of sporting events slowed during 2020, the potential for growth ultimately did not. Deloitte predicts that two major trends in sports — the increased monetization of women’s sports and the use of digital to create a hyper-quantified athlete — will continue their upward trajectory. Women’s sports are now on track to be worth more than a billion dollars in the years ahead. Its ability to generate substantial TV audiences, deliver value to sponsors and draw fans has been demonstrated on multiple occasions over the past decade.

Another ongoing shift in sports involves the use of athlete data collection and analysis. With this data becoming increasingly real-time, it is now possible to measure indicators inside as well as outside the body, creating hundreds of new metrics to feed into decision-making, which creates the digital athlete. With the hyper-quantified athlete offering such strong potential, Deloitte predicts that by the end of 2021, multiple professional sports leagues will establish new formal policies around the collection, use and commercialization of player data.

“Using wearables to monitor the health of athletes during COVID-19, along with testing, has helped sports leagues stay in the game,” said Dr. Jeff Loucks, executive director, Deloitte Center for Technology, Media and Telecommunications, Deloitte LLP. “Collecting and analyzing data from athletes can improve their performance – and potentially prevent injury. It could also enable new revenue streams for teams and leagues. As these possibilities expand, the athlete’s privacy and well-being must remain front and center.”

Education and the enterprise opt for virtual reality
The market for digital reality headgear is growing as immersive technologies gain popularity in the enterprise and for education. Deloitte predicts that, led by purchases by corporations and educational institutions, sales for enterprise and educational use of wearable headsets for virtual, augmented and mixed reality — collectively known as XR or digital reality — will grow by 100% in 2021 over 2019 levels. Market growth for these types of headsets has already accelerated in some markets due to the risk of COVID-19 infection driving their use in teaching employees and students virtually rather than in person.

Doctor visits move to video
One effect of COVID-19 has been jumpstarting a worldwide trend of telemedicine, including video-based doctor visits. The global pandemic not only necessitated the elimination of regulatory barriers to such visits, but also helped consumers better understand and leverage video calling apps, especially consumers over the age of 65. Deloitte predicts that the percentage of virtual video visits to in-person doctor visits in 2021 will rise to 5% globally, up from an estimated 1% in 2019. Even single-digit growth is significant; 8.5 billion doctor’s visits, worth a total of approximately US$500 billion, took place in the 36 OECD countries in 2019 alone.

More insight from Deloitte’s 2021 TMT Predictions:

The 8K wave begins: Sales of 8K TVs are likely to reach US$5 billion in 2021, with equipment and services for producing 8K content generating hundreds of millions of dollars more.
The 5G health myth gets busted: Concerns about 5G’s health risks have no fact base. We predict that in 2021, it is very unlikely that the radiation from 5G mobile networks and 5G phones will affect the health of any single individual. However, if education about 5G is to be effective in curbing popular fears, it should be compelling, consistent and pervasive, and it should begin now.
Next-generation RANs accelerate: Open and virtualized radio access networks (RANs) give mobile network operators (MNOs) the potential to reduce costs and increase vendor choice as they roll out 5G.
Now in its 20th year, Deloitte’s annual TMT Predictions provides an outlook on technology, media and telecommunications trends that may disrupt and transform the business and consumer ecosystems worldwide. Visit www.deloitte.com/predictions to learn more, and connect with us on: @DeloitteTMT, @kwestcott911, @PaulSilverglate, @Jeff_Loucks and #DeloittePredicts.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today’s marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Now celebrating 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s more than 330,000 people worldwide connect for impact at www.deloitte.com.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

SOURCE Deloitte
www.deloitte.com

Filed Under: Tech

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

Unfulfilled Dreams: The Aftermath of China’s Stalled Real Estate Developments
Huawei on the Brink: Biden Administration Considers Cutting Off the Tech Giant”
Key Fire Industry Trends for 2023
The Future of Food: Top Trends to Watch in 2023 and Beyond
How to discover the treasure trove of hidden marketing insights by watching customer behavior
Navigating Uncertainty: Prioritizing Hydrogen R&D Efforts for a Sustainable Future
Unleashing the Hidden Talent Pool: The Rise of STARs – Skilled Through Alternative Routes

Market Research Media

Turn Your Story into a Game: The Art of Gamifying Your Plot
The end of cheap money is redrawing the map of corporate earnings
The Future of Virtual Reality: How VR is Changing Industries
Market Research Media Survey: The State of Streaming Services
Media measurement services provide a holistic view of cross-media consumption
Gen Z ranks top in luxury sales
How to market recycled products

Secondary Sidebar

Tech Events

The crypto world is facing a crisis of confidence
ScyllaDB Summit 2023 taking place online on February 15-16, 2023
DLD 2023, an innovation festival, February 1-3, 2023, Tel Aviv, Israel
Cybersecurity Innovations Take Center Stage at Cybertech 2023 in Tel Aviv
Chiplet Summit, January 24-26 2023, the Doubletree by Hilton San Jose Hotel

Venture Capital

The Importance of Diversity and Inclusion in the Workplace
Sequoia Capital announces its $195 Mln dedicated seed fund
Sublime Systems Secures $40 Million Series A to Electrify and Scale Decarbonized Cement Production
actyv.ai Raises Pre-Series A Funding to Fuel Global Expansion, Product Enhancement
Ottopia announces $14.5M Series A Funding Round

Footer

Recent Posts

  • The Rise of Virtual Power Plants: Innovating Energy Management
  • DLD 2023 is coming
  • Barcelona Cybersecurity Congress Has Been a Success
  • The Unstoppable Rise of RISC V Architecture
  • Revolutionizing Education: The Power of Automated Tutoring Lessons
  • Revolutionizing the Fashion Industry: Algae-based Yarns and Dyes Take on Fast Fashion
  • Cybertech 2023 kicks off in Tel Aviv
  • Reducing Waste, Saving Energy: How Water Companies Can Recycle Residual Heat Energy
  • China’s Quest for Indigenized Semiconductor Production: Hurdles and Challenges Ahead
  • Big Tech Layoffs Lead to a Booming Demand for Skilled Workers

App Coding

Dynamic forms for your React app
Zype Releases New Feature-Rich Apps Creator for OTT
monday.com Adds Built-In Monetization Solution to the apps marketplace
Cybertech 2023 in Tel Aviv: Navigating the Challenges of App Security
Code Intelligence raises $12M Series A

API Coding

Creating an API that generates a description of an image using ChatGPT
Cybertech 2023 in Tel Aviv: Securing the Future with API Security
How to recognize malware API
How to code an API with ChatGPT
Profound Logic Builds IBM i Salesforce API Integration Example without Writing a Single Line of Code

Blockchaining

Blockchain topics to be covered at DLD 2023
How safe is blockchain technology behind cryptocurrencies
Tokens.com Announces Key New Hires and Acquires New Crypto Gaming Assets
The Fascinating World of Cryptocurrency
ETHDenver’s #BUIDLathon and Community-Owned Innovation Festival Returns in February 2023

Event Calendar

NAHB International Builders’ Show (IBS 2023) in Las Vegas from January 31 to February 2, 2023
India’s largest biennial automobile exhibition Auto Expo 2023 held on January 12-15, 2023 at Pragati Maidan, New Delhi
NRF 2023, Retail’s Big Show and Expo, January 15 to 17, 2023, Jacob K. Javits Center, New York
DOMOTEX Hannover 2023′ in Germany from 12-15 January
Electrify Expo Austin Set to Be Largest EV Demo Event of the 2022 Season, November 12-13, 2022, Austin, Texas

Copyright © 2022 Technologies.org

Media Partners: Market Analysis & Market Research and Exclusive Domains

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT