Which technology trends will dominate 2022? – Investment Monitor
There is nothing like the start of a new year to hone a company’s business priorities, and as technology underlies almost every company management process and continues to be the number one enabler of growth, investment inside this field will become top of mind for corporate decision makers. Here, Investment Keep track of takes a look at the technologies in order to watch in 2022.
Much has been made in the media associated with ways within which artificial intelligence (AI) could disrupt our world. GlobalData’s 2022 TMT Predictions report sees a more practical role with regard to AI in the coming year, with less hype and companies focusing more on practical applications that help their core businesses. The AI market will end up being worth $190bn in 2025, up from $67bn in 2021, according to GlobalData. Businesses should already be investing within one or all aspects of AI, including machine learning, data science, conversational platforms, computer vision AI chips, smart robots and context-aware computing. Banking , healthcare plus technology sectors lead implementation, but most businesses will face some disruption from some or almost all of these technologies, in accordance to GlobalData. Big Tech is at the forefront of AI use cases, with the significant advantage of having vast quantities of information and processing power in its disposal, a prerequisite for AI development.
The particular metaverse will be a virtual world where users share experiences and interact in real time within simulated scenarios. Investment in a global metaverse could reach $800bn simply by 2024, according to Bloomberg Intelligence, plus Big Tech is already investing significantly even though realisation of the full global metaverse is a few way off. Meta (formerly Facebook) plans to invest $10bn by the end of 2021 in its Reality Labs division, demonstrating how much of the priority this area has become. Early prototypes and use cases will emerge inside 2022, according to GlobalData, along with gaming an ideal starting point and enterprises becoming the particular prime marketplace for metaverse developers in 2022.
The next year will be an important one regarding quantum computing , the sector on the cusp of commercialisation. Important advances in this particular nascent technology are being made while increasing competition intended for a finite global talent pool of software engineers will continue to be a challenge throughout the next year and beyond. Portion computing may enter a period of consolidation in 2022. With increasing skills shortages because the sector continues to grow, software start-ups is going to be targets to get acquihires, especially those currently partnered with larger tech companies, predicts GlobalData. Some – PsiQuantum for example – may even go public inside 2022.
The global cloud processing market will be worth $616bn by the end associated with 2022, based on GlobalData forecasting, up 13% from 2021. Cloud services will be an essential utility for companies in 2022 as they increasingly outsource management of data and programs to third-party providers. Data centre security will become evermore important, as will their need to be redesigned to become cloud-centric. As a consequence, GlobalData expects cybersecurity investments in order to rise, specifically the security-as-a-service approach of deterring cyberattacks. The Covid-19 crisis has been a steep learning curve plus prompted greater investment within disaster recovery services, particularly for critical national infrastructures such since healthcare and energy services. Successful businesses will secure their information and apps for ease of make use of for remote workers using cloud-native applications and keep their own operations running even with higher risks associated with downtime, in accordance to GlobalData.
A surge of investment in start-ups has expanded the number of fintech unicorns to 116, with the combined value of $529bn, according to GlobalData, whose analysis expects at least ten start-ups in order to join the particular unicorn ranks over the next two years, including Atom Bank, Corvus Insurance and Navi Technologies. The growing stable of highly valued fintech start-ups demonstrates the level of potential disruption to the financial solutions sector. The sense associated with ‘if you can’t beat them join them’ will pervade along with old line institutions which includes Goldman Sachs and Visa forming alliances with fintech unicorns.
The cryptocurrency market is worth $3trn and will continue to grow in 2022, forecasts GlobalData, despite its volatility. The sector is garnering mainstream acceptance with businesses including Visa for australia and PayPal incorporating crypto into their payment infrastructures. A proliferation of cryptocurrencies beyond the original Bitcoin means there are now more than 14, 000 types in existence. Along with global regulators grappling with how to regulate the field, cryptocurrencies have the potential for major interruption to global financial systems.
Electric vehicles and batteries
Annual electric vehicle (EV) production can exceed 10 million units by 2025, according in order to GlobalData. EVs as a proportion of new light vehicle production will rise from 5% in 2021 to 11% in 2025, predicts the particular analytics company. The shift towards EVs has been primarily driven simply by legislative changes to meet environmental, social plus corporate governance targets, but momentum is usually also becoming demand-led. Although Europe’s EV fleet grew faster than China’s within 2020 , China will certainly continue to dominate the sector. In 2020, 48% of all EVs on the road were inside China, a lot more than the combined total for the US and Europe.
However , in 2022, the growing gap between supply plus demand pertaining to lithium , as well as other core battery raw materials , will end up progressively challenging. GlobalData predicts a mounting possibility of a global battery shortage by 2025. In response, miners of core battery raw materials will see an influx of deals and investment and many automakers such as Tesla will continue to lobby the US government to waive tariffs upon Chinese-dominated electric battery materials like graphite.
Fog up gaming
The particular cloud gaming market may reach revenues of $3bn in 2022, up 59% from 2021, according in order to GlobalData forecasts. Cloud gaming allows video games to be streamed directly from the cloud and played using any device with a display and an internet connection. Cloud gaming offers the possible to affect the much larger $221bn video games industry when companies settle on the right growth strategies. Meanwhile, in 2022, providers with exclusive games plus reasonable pricing will discover faster adoption compared to others.
5G adoption will increase steadily in 2022, driven by the Asia-Pacific market. North America will have the highest 5G penetration simply by population in 2022, growing faster than any other region, to 115% by 2025. Nevertheless , the particular Asia-Pacific area will lead in 5G subscriptions within 2022. 5G fixed wireless access will be gradually deployed in 2022, especially for consumers within harder-to-reach areas in developing countries, yet increasingly meant for urban and suburban consumers who are working from home more often.
The robotics industry is going to be worth $568bn by 2030, up through $45bn inside 2020, according to GlobalData. The robotics industry comprises 2 main places: industrial robots and service robots. Industrial robots are used in factories to automate parts associated with the manufacturing process plus include caged industrial automated programs and cobots. Service programs assist humans at work in non-industrial settings or in the home, and include logistics, medical, consumer and industry robots. Although the service robot market was larger compared to the industrial robots industry in 2020, the commercial robot market is set to grow quicker over the next decade.
For more coverage of the particular trends plus themes likely to make an impact in 2022 across our publishing network, read the read following: