In 2023, AI, cloud services, cybersecurity, the metaverse, cryptography, robots, the IoT, and quantum computing will dominate the commercial landscape. The political climate and economic outlook for 2023 are fraught with uncertainty. Increased investment in technology trends is probable.
This lends credence to the argument that the greatest discoveries and advancements in human history occurred as a result of governmental and economic pressure.
Therefore, let’s examine some of the most promising areas for technology investment in the future year.
Artificial intelligence (AI)
Predictions for TMT by GlobalData in 2023 the market for AI is projected to increase to $93 billion by 2023, from $81 billion in 2022.
Artificial intelligence (AI) is one of the most talked-about emerging technologies because of its potential to hasten and enhance the development of other cutting-edge innovations like robots, quantum computing, and the internet of things (IoT).
According to a survey conducted by GlobalData in the third fiscal quarter of 2022, 57% of IT professionals surveyed were optimistic that AI would finally deliver on its promise.
GlobalData predicts that by 2023, the cloud computing business would be valued $734 billion. That’s a fifteen percent hike from 2022 levels. To cut costs and gain flexibility, more and more businesses will move their IT operations to the cloud.
Robots and the Internet of Things, both of which rely heavily on constant access to large amounts of data, will be profoundly impacted by cloud computing and artificial intelligence.
Metaverse
According to news and information, by 2025, the metaverse will be worth $376 billion, according to GlobalData. In spite of the worsening economy, the consumer metaverse will be an interesting development to follow in 2023.
There will be fewer buyers interested in it. According to GlobalData’s study of trending topics, the metaverse won’t be able to significantly alter the digital world unless it is standardized, managed, and compatible with other systems.
In 2023, this is an extremely remote possibility.
Digital currency and blockchain
The most critical infrastructure, FTX, crashed in November of 2022. The $840 billion bitcoin industry had a tough year, and the ripple effect was felt throughout the global economy.
However, the FTX collapse would likely hasten the development of a legal system in the United States that by 2023 will catch up to the EU’s Market in Crypto-Assets legislation.
By 2023, customers’ cryptocurrency holdings will be safer thanks to regulations. They might, for instance, have to prove that they’ve already invested in stock and are in need of assistance pooling their resources with those of other companies.
Now that there are regulations in place to safeguard the market, more individuals will buy and use coins.
Quantum computing
GlobalData predicts that by 2025, the quantum computing industry would be worth $5 billion, with commercial use commencing in 2027.
By 2023, as quantum computing improves and more regulations are implemented for the industry, the market is expected to be too large to sustain itself. QaaS approaches are gaining traction in the latest information due to their simplicity of implementation.