Technology Industry Trends and Forecasts for 2023
I sincerely hope 2023 turns out better than I anticipate it will at this point in the new year. Technology Industry Trends and Forecasts for 2023.
Economically, we are having some issues, but I’m excited to see some of the fantastic innovations that are going to be released this year. Technology Industry Trends and Forecasts for 2023
The first major display of what’s to come will be at CES, which begins soon. Judging from the pre-briefings I’ve seen, a ton of fascinating new products will be released this year.
This week, let’s look into a bunch of those. I ran out of space in this column, so we’ll get to my first Product of the Week for 2023 the following week.
The economy in 2023 looks bad:
There are a number of reasons why the past several years haven’t been wonderful, but most of them stem from how poorly the governments handled the epidemic.
Shutdowns severely damaged the supply chain, and when people started to return, they wanted to buy products. This produced a supply and demand imbalance, which forced government agencies to drastically raise lending rates.
Those chickens appear to be coming home to roost in 2023. Due to the unfavorable combination of cash-strapped buyers and increased manufacturing capacity, there will be an abundance of inventories and, as I predict, rapid layoffs.
Vendors should ramp up their demand generation marketing efforts now to capture as much of the contracting market as possible. first based on behavior.
Wars:
China will continue to be a concern, mainly because its leadership refuses to seek assistance and its COVID answers are failing. China’s vaccinations seem ineffectual, but instead of looking for viable vaccines from outside, they battle an excess of sick people.
Due to these circumstances, a foolish conflict with Taiwan may be necessary to divert attention from internal problems at home. The ineffectiveness of vaccines, however, highlights a more serious issue that plagues China and many other nations: a propensity to ignore problems rather than deal with them.
All of this indicates that China’s military may not be able to perform as effectively as Chinese leadership anticipates, much like Russia’s.
Electric vehicles:
Electric charging capabilities will significantly improve in 2023, and second-generation battery and engine technologies will start to appear on the market with better performance and range. In terms of distance, we will still fall short of making electric cars a true substitute for gas automobiles.
However, we will start to witness the introduction of next-generation electric vehicles as well as increased improvements to driver assistance and in-car entertainment features. However, it continues to appear that the biggest alterations will most likely take place in 2024 for the 2025 line of automobiles that are scheduled to go on sale that year.
Consider 2023 as the final year for electric vehicles of the present generation and 2024 as the start of the new wave of electric vehicles.
Individual Aeroplanes:
Flying personal leisure vehicles should be available in significant numbers. A few of these have already started to appear.
They essentially use drone technology that has been scaled up to fly humans, resulting in some very simple designs and almost no expertise required to operate under a recreational pilot’s license.I’m sure that with the introduction of these new vehicles, complaints about people flying ultralight aircraft over homes will rise.
However, they appear to be a lot of fun. I’m tempted to buy one for myself as a toy that would function as an almost ideal all-terrain vehicle in both the summer and, assuming I can tolerate the cold, the winter. Just make sure you don’t run out of power up there.
Personal Computers:
Throughout the year, personal computers will have their screens modified, going from multiple to rolling screens. Recently, there have been numerous announcements that teased rolling displays.
For those of us who have screen size envy with contemporary computers, the thought of being able to suddenly enlarge your screen either vertically or horizontally (doing both at the same time is beyond us today) might be a game changer.
Expect more energy-efficient chargers, a stronger emphasis on sustainability in general, and a persistent search for the ideal PCs as a Service model (PCaaS).
This year, as the industry struggles through what is sure to be an especially slow sales period as a result of the tremendous overbuying that took place over the previous few years, watch for breakthroughs in recycling and customization.
Smartphones:
There will soon be a new Apple iPhone competitor, but I’ll talk about it later.
Before the end of the year, rollable screens and upgrades to camera software aimed at improving your appearance and assisting you in creating better-looking avatars will likely be included with the newest phones.
Before the year is through, we should see the first glimpse of the upcoming generation of AI-based digital assistants. Real-time video streaming capabilities and advancements will also advance.
Since Siri’s release, conversational AI has significantly advanced, and next year should see the start of widespread advantages across most platforms.
As the year goes on, expect to see improvements in wireless charging for premium-line phones.
Videoconferencing :
This portion was seriously fouled up by the uncertainty over whether people would stay at home or go back to the office, and I still don’t see any relief in sight.
As a result, there will be a variety of options, some concentrating on enhancing the experience in large areas and others in the house.
Expect substantially greater audience monitoring features, far improved microphone and speaker noise isolation, and much better camera tracking, which will certainly get individuals playing video games during Zoom sessions into trouble (yes, we know you do this).
We’ll probably see at least one manufacturer come up with a novel solution to the built-in and aftermarket camera location issue.
Metaverse:
The first implementation of the metaverse by Meta is primarily to blame for the disaster that it has become. Ironically, once mature, the metaverse will be able to communicate a vision of the future more effectively than any previous technology.
There’s a chance that Meta may eventually realize this and start displaying what it will be rather than where it is.
As a result, in 2023, the consumer side of the metaverse will begin to erode if Meta doesn’t take the initiative to articulate a vision while also waiting for a business to integrate the metaverse’s power into its capabilities.
AI and robotics:
2023 will be a crucial year for robots and AI. This year will see a significant expansion of AI-driven personal robots beyond the initial wave of robotic vacuum cleaners, which is why I’m putting these technologies together.
Robotic snowblowers, security systems, and even more robotic personal assistants are all things I’m anticipating. Additionally, there will be additional robotic bartenders, automatic french fry makers, and the first functional models of fully automated fast-food establishments.
By the end of 2023, we should have a much better understanding of where this technology is headed and how rapidly it will overwhelm us with robotic options, even though we will still be at the very beginning of the upcoming robotic wave.
Televisions:
The actual 8K TV era will begin in 2023, and there will be a limited supply of cheaper rollable display TVs. 8K and rollable TVs had been around previously, but only as prototypes. Both technologies are currently entering production, enabling high-end market entry.
The improvement in upscales will make 8K TVs less problematic than the 4K TVs that came before them. Even though these sets will receive a lot of attention, pricing will probably prevent sales until costs drop much more dramatically than I anticipate in 2023. However, it’s feasible that at least one of these two technologies will have become widely used by the end of the year.
Wrapping Up:
These forecasts are by no means complete. I didn’t include the acceleration of Europe’s shift from air to train travel, the likely demise of Twitter owing to what I personally predict will be Elon Musk’s purposefully poor pick for new CEO, or the advancements in broadcast power and microgrids in 2019. We also have the fresh promise of fusion power, but I predict that it won’t enter widespread testing until the second half of the decade.
I haven’t previously discussed developments in robotic humans, such as robotic companions because I still find them unsettling, autonomous automobiles since they won’t be widely available until 2025, or robotic pets because they will also become more prevalent in the coming years.
In general, I anticipate that 2023 will be particularly challenging for businesses that are either unaware of the industry they are in or have severely cut back on demand-generating financing, allowing their rivals to bypass them.
Consider the year as a game of musical chairs, except instead of chairs, use money. The pool of spending money will be smaller, and businesses that don’t compete for every dollar will probably fail.
Despite the fact that getting through 2023 might be the only realistic goal for what could be a difficult year for most, I wish the best for you and your family in the upcoming year.
