• Latest
  • Trending
Deloitte: Predictions for the technology sector in 2022

Deloitte: Predictions for the technology sector in 2022

December 2, 2021
Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1

Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1

May 20, 2022
HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs

HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs

May 20, 2022
Android 13 beta will test out-of-the-box support for most braille displays

Android 13 beta will test out-of-the-box support for most braille displays

May 20, 2022
WhatsApp to Launch Cloud-Based Tools, Premium Features for Businesses

WhatsApp to Launch Cloud-Based Tools, Premium Features for Businesses

May 20, 2022
Huawei and SolarEdge Sign a Global Patent License Agreement

Huawei and SolarEdge Sign a Global Patent License Agreement

May 20, 2022
Dijbouti Telecom Welcomes the Landing of 2Africa Submarine Cable

Dijbouti Telecom Welcomes the Landing of 2Africa Submarine Cable

May 20, 2022
Ghana Smart Africa Digital Academy launches its national digital academy

Ghana Smart Africa Digital Academy launches its national digital academy

May 20, 2022
Ghana’s Rural Telecom Facilities to be Upgraded to 4G

Ghana’s Rural Telecom Facilities to be Upgraded to 4G

May 20, 2022
Silicon Power Announces UD90 PCIe 4.0 SSD

Silicon Power Announces UD90 PCIe 4.0 SSD

May 20, 2022
ZADAK Announces TWSG4S PCIe Gen4 x4 SSD

ZADAK Announces TWSG4S PCIe Gen4 x4 SSD

May 20, 2022
Samsung Sampling 512GB CXL Memory Module

Samsung Sampling 512GB CXL Memory Module

May 20, 2022
IBM Elastic Storage System 3500

IBM Elastic Storage System 3500

May 20, 2022
  • Consumer Watch
  • Kids Page
  • Directory
  • Events
  • Reviews
Monday, 23 May, 2022
  • Login
itechnewsonline.com
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion
Subscription
Advertise
No Result
View All Result
itechnewsonline.com
No Result
View All Result

Deloitte: Predictions for the technology sector in 2022

by ITECHNEWS
December 2, 2021
in Tech
0 0
0
Deloitte: Predictions for the technology sector in 2022

With the technology industry growth, and an unprecedented year, Deloitte predicts what the future holds for different aspects of the sector in 2022 

The technology, media and telecommunications (TMT) practice at Deloitte, has announced its predictions for the sector in 2022. We take a look at some of these predictions below. 

YOU MAY ALSO LIKE

Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1

HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs

Game consoles 

As the gaming industry continues to accelerate, Deloitte predicts that the games console market will generate £60.6 billion in 2022, up 10% from 2021. By the start of 2022, Deloitte predicts there will be 900 million console players worldwide. Overall, Deloitte forecasts that console owners will have more than 200 million multiplayer and games subscriptions in 2022. By 2025, these subscriptions will likely generate more than £8.2 billion in revenue globally, up from £4.9 billion in 2020.

Paul Lee, global head of technology, media and telecommunications research at Deloitte, said: “2022 marks the 50th birthday of the games console with the device now a veteran of the technology industry, outlasting camcorders and CD players, among others. We saw usage of consoles spike during lockdown, with many using their devices as a way to socialise when restrictions prevented people from meeting in person. Usage has remained high as, for many gamers, leaving the game may mean disconnecting from friends.

Wearable devices 

In 2022, Deloitte predicts that 320 million consumer health and wellness wearable devices will ship worldwide, rising to 440 million units by 2024. This comes as consumers are increasingly using smartwatches and fitness trackers alongside smartphones to track their health and wellbeing, with smart patches also becoming available off the shelf and via prescriptions.

According to Deloitte’s Digital Consumer Trends research published earlier this year, wearable devices saw the biggest increase in ownership out of any technology in the UK in 2021: 40% of consumers now have access to a smartwatch or fitness band, up from 31% in 2020.

NFTs

According to Deloitte non-fungible tokens (NFTs), unique digital identifiers that use blockchain to record ownership of an asset, will generate more than £1.5 billion in transactions for sports media in 2022, about double the value of NFT transactions for sports media in 2021.

Deloitte also predicts that between four and five million sports fans globally will purchase or receive an NFT sports collectible as a gift in 2022.

Theo Ajadi, consultant in the Sports Business Group at Deloitte, said: “The 2021–2022 season could be the first in which NFTs start to make a major mark from a revenue perspective and by 2023 it is likely that most major football leagues in Europe will have launched multiple NFT related products.

“NFTs have added rarity to sporting moments and, in the future, every game of every season could generate a new matchday moment solely available to the highest bidder via an NFT.”

Smartphones 

With companies around the world focusing on sustainability and reaching net-zero goals, Deloitte looks at the smartphones industry’s impact on the environment. 

They predict that smartphones will generate 146 million tons of CO2 or equivalent emissions (CO2e) globally in 2022.  83% of these emissions, will come from the manufacturing, shipping, and first-year usage of the 1.4 billion new smartphones forecast to be sold in 2022. Usage-related emissions from the other 3.1 billion smartphones in use during 2022 will generate an additional 11%, and the remainder will come from refurbishing existing smartphones (4%) and end-of-life processes (1%), including recycling.

Deloitte’s analysis highlights that the single biggest factor that could reduce a smartphone’s carbon footprint is to extend its expected lifetime, with consumers keeping their handsets for longer.

Rafi Addlestone, associate director in Deloitte’s sustainability practice, adds: “With sustainability now firmly on the boardroom agenda, businesses across all sectors are striving to understand the impact of their industry and products on their carbon footprint. The smartphone industry will need to balance product innovation with educating consumers on how best to recycle and prolong use of current and old devices.”
 

Streaming platforms and TV

2022 will be the final year that traditional television from broadcasters, whether live, time-shifted, or on-demand, collectively makes up more than 50% of video viewing on all screens in the UK, according to Deloitte. 

It expects that traditional TV broadcasters’ share of viewing hours among UK consumers – which was 73% as recently as 2017 – to fall to 53% in 2022 and then to 49% in 2023. Meanwhile, time spent viewing content on streaming video on demand (VOD) is predicted to rise from 7% in 2017 to 27% in 2022, and again to 31% in 2023.

By 2027, Deloitte predicts that viewers aged between 4 and 34 will watch most of their video content via social media, followed by streaming channels. In contrast, viewers aged over 34 will continue to favour broadcast content.

Although there was a rise in streaming during 2021, the company thinks that in 2022 at least 150 million paid subscriptions to subscription video-on-demand services (SVOD) will be cancelled worldwide, with churn rates of up to 30% per market. However, overall, more subscriptions will be added than cancelled as the average number of subscriptions per person will rise. 

Lee concludes: “Following blockbuster growth during the pandemic, the growth in new SVOD households is likely to slow across the UK, US and Europe. SVOD providers will use various plays to make their subscribers stay. They can team up with telcos to offer discounted bundles; they could offer additional types of content, from podcasts to mobile games; and they can release episodes of the most valued tentpole content weekly.”

TILLYKENYON | Technology Magazine

ShareTweetShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Search

No Result
View All Result

Recent News

Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1

Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1

May 20, 2022
HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs

HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs

May 20, 2022
Android 13 beta will test out-of-the-box support for most braille displays

Android 13 beta will test out-of-the-box support for most braille displays

May 20, 2022

About What We Do

itechnewsonline.com

We bring you the best Premium Tech News.

Recent News With Image

Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1

Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1

May 20, 2022
HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs

HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs

May 20, 2022

Recent News

  • Qualcomm Announces Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1 May 20, 2022
  • HP’s premium laptop revamp: more OLED displays, 12th-gen Intel CPUs May 20, 2022
  • Android 13 beta will test out-of-the-box support for most braille displays May 20, 2022
  • WhatsApp to Launch Cloud-Based Tools, Premium Features for Businesses May 20, 2022
  • Home
  • InfoSec
  • Opinion
  • Africa Tech
  • Data Storage

© 2021 iTechNewsOnline.Com - Powered by BackUpDataSystems

No Result
View All Result
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion

© 2021 iTechNewsOnline.Com - Powered by BackUpDataSystems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version