Deloitte has released Technology, Media & Telecommunications Predictions for 2018.
Paul Lee, partner, Global Head of Research and Duncan Stewart, director of research, TMT, have prepared the Deloitte TMT predictions for 2018.
Business organizations will double their use of machine learning technology by the end of 2018.
The prediction said the growth in new semiconductor chips that will increase the use of machine learning, enabling applications to use less power, and at the same time become more responsive, flexible and capable.
Live broadcast and events will generate over $545 billion in revenues in 2018. 50 percent of adults in developed countries will have at least two online-only media subscriptions, and by the end of 2020, the average will have doubled to four.
“The consumer interest in streaming, mobile, on-demand services and personalization are significant opportunities in 2018 for both content creators and brands,” said Kevin Westcott, vice chairman, Deloitte LLP, and U.S. media and entertainment leader.
More than 90 percent of adults in developed countries are expected to have a smartphone, with ownership among 55-75 year-olds reaching 85 percent by the end of 2023. Owners will interact with their phones on average 65 times per day in 2023, a 20 percent increase on 2018.
45 percent of global adult smartphone users and 65 percent of 18-24 year olds will worry that they are using their phones too much for certain activities and may try to limit their usage in 2018.
Over a billion smartphone users will likely create augmented reality (AR) content at least once in 2018, with at least 300 million doing so monthly, and tens of millions weekly.
One-fifth of North American homes will get all of their internet data access via cellular mobile networks.
1 billion passenger journeys, or one-quarter of all passengers, are expected to be on planes fitted with in-flight connectivity (IFC) in 2018. This is an estimated 20 percent increase from projected 2017 totals, generating IFC revenue close to $1 billion for 2018.
