It is impossible to talk about 2021 without mentioning COVID-19. The pandemic has hugely affected our way of working and living, both professionally and personally. We hope that in 2021, we will be closer to the end of the pandemic and able to focus on thriving in the future rather than reacting to the present.
Across multiple parts of the technology, media and telecommunications (TMT) ecosystem, observers have been repeating the same version of the phrase “There have been five years of change in five months due to the pandemic.” COVID-19 has been a catalyst — albeit an unwelcome one — for changes across the TMT landscape.
On 26 January, Partner and TMT Leader at Deloitte Luxembourg, together with our global TMT specialist, will dive deeply into areas that may affect your current and daily business in Luxembourg and beyond by showcasing our ninth TMT Predictions global report. We will highlight how TMT trends are being driven and altered by the global pandemic’s economic and societal impacts, intensifying already ascendant trends like:
- The pandemic drives cloud growth: according to some metrics, the cloud market grew even faster in 2020 than in 2019. According to the TMT Predictions report, this was driven by increased demand due to COVID-19, lockdowns, and the work-from-anywhere business environment. Deloitte Global predicts that revenue growth will remain above 30% for 2021 through 2025, as companies migrate to the cloud to save money, become more agile, and drive innovation.
- Unleashing Industry 4.0 with the intelligent edge: the intelligent edge — the combination of advanced wireless connectivity, compact processing power, and artificial intelligence (AI) located near devices that use and generate data — is already fueling some of the largest technology and communications companies on earth.
- The 5G health myth gets busted: as 5G becomes more widespread, there have been alarm bells about its supposed health hazards related to the radiation associated with the technology. The most common perception is that 5G causes cancer. The second fear is that 5G-emitted radiation weakens the immune system, enabling COVID-19 to spread.
- Education and the enterprise opt for virtual reality: the market for digital reality headgear is growing as immersive technologies gain popularity in both the enterprise and education.
- Doctor visits move to video: COVID-19 has jumpstarted a worldwide trend of telemedicine, including video-based doctor consultations. The global pandemic did not only help eliminate regulatory barriers to these consultations but also helped consumers better understand and leverage video-calling apps, especially consumers over the age of 65.
Get more insights from Deloitte’s 2021 TMT Predictions at our Luxembourg conference on 26 January from 2 p.m. to 3 p.m. Register .
Deloitte report provides an outlook on TMT trends that may disrupt and transform the business and consumer ecosystems worldwide.