{"id":24355,"date":"2020-01-14T11:35:49","date_gmt":"2020-01-14T11:35:49","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=24355"},"modified":"2020-01-14T17:37:22","modified_gmt":"2020-01-14T17:37:22","slug":"tech-booms-of-the-next-decade","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/business\/innovation-business\/tech-booms-of-the-next-decade\/","title":{"rendered":"Tech booms of the next decade"},"content":{"rendered":"

As 2020 kicks off, expert firms\u00a0show selected technology sector projections for the next decade, where AI, 5G and IoT figure at the very top.<\/p>\n

<\/p>\n

In a world where consumers can purchase anything from shoes to stereos online, have packages drone-delivered, buy bananas at a 7-Eleven and a TV at Walmart, retailers of all stripes have to get creative to stay relevant.<\/p>\n

With this in mind, and as the new decade begins its course, experts analyze the future of selected technology, and see\u00a0smartphones with a 5G mobile subscription, artificial intelligence (AI), electric vehicles, and the Internet of Things (IoT) as the future of the market, with high predictions and numbers standing out with all of them.<\/p>\n

According to reporting from Statista,\u00a0IDC forecasts<\/a>\u00a0have global annual AI revenue growing to $98.4 billion by 2023, representing a\u00a0Compound annual growth rate (CAGR) of 28.5% from 2019 to 2023. Artificial intelligence (AI)\u00a0dominance is currently between two, as the\u00a0United States and China are top of the charts when it comes to\u00a0investment, talent, research and companies in the sector.\u00a0The US and China both increasingly see success in AI as a national imperative, but to the extent that the countries are in a \u201crace\u201d to master AI, it\u2019s one between Silicon Valley and China\u2019s highly capable tech companies \u2013 not governments. Click here to see<\/a> a full scorecard on how both countries are evolving in AI.<\/p>\n

Elsewhere, the number of things connected to the internet is due to more than double from 2018 to 2030. A research study by\u00a0Strategy Analytics\u00a0projects<\/a> that 38.6 billion devices will be connected to the Internet by 2025, and 50 billion by 2030. However, the report also concludes that the IoT revenue opportunity remains uncertain, particularly for service providers.<\/p>\n

\u201cWith the global connected device installed base on track for nearly 40B by 2025, there is a huge opportunity for semiconductor display manufacturers, cameras, memory, battery and other enabling technology providers. AI will become pervasive in mobile, home, automotive and computing platforms. Optimizing the user experience across multiple devices, OS and user interfaces will be a key battleground,”<\/em> says\u00a0David Kerr, Senior Vice President at Strategy Analytics.<\/strong><\/p><\/blockquote>\n

Speaking of the internet, the global rollout of 5G is set to be one of the largest tech projects of the new decade. In 2020,\u00a0Ericsson<\/a>\u00a0says 1.1% of smartphones will have a 5G mobile subscription and by 2025 this will have shot up to 30.1%. Nevertheless, even as US mobile carriers are racing to invest in the next big thing in wireless, there is an important lack of user understanding of 5G<\/a>, preventing carriers from fully enjoying the benefits of their new network technology. This lack of understanding is a major problem because it will hinder their ability to tap the\u00a0$300 billion<\/a>\u00a0annual revenue opportunity for 5G connections by 2025.<\/p>\n

The future of electric vehicles also seems very safe going into the twenties as the Electric Vehicle Outlook 2019 predicts<\/a> there will be 10 million sold in 2025. By 2030, even this healthy figure is set to look like peanuts with a projection of 28 million. At the moment, according to Quartz<\/a>, only\u00a0one in 250 cars\u00a0on the road is electric, however, electric vehicle (EV) sales\u00a0hit 2.7 million\u00a0in 2019<\/a>, and even though projections are different, electric vehicles are no doubt a trend yet to expand.<\/p>\n

\"\"<\/a>

Data: US Energy Information Administration, BloombergNEF.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

As 2020 kicks off, expert firms\u00a0show selected technology sector projections […]<\/p>\n","protected":false},"author":14,"featured_media":24357,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46,53],"tags":[1274,347,311,99,1385,1179,68,71,3116],"class_list":["post-24355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-innovation-business","category-opinion","tag-5g","tag-ai","tag-artificial-intelligence","tag-ceo","tag-ceo-northam","tag-electric-vehicles","tag-internet-of-things","tag-iot","tag-projections"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/24355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=24355"}],"version-history":[{"count":1,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/24355\/revisions"}],"predecessor-version":[{"id":24358,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/24355\/revisions\/24358"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/24357"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=24355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=24355"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=24355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}