Tech, Media and Telecom (TMT) Predictions in 2024 - Thematic Intelligence

Tech, Media and Telecom (TMT) Predictions in 2024 - Thematic Intelligence

Summary

Companies that invest in the right themes become success stories; those that miss the big themes end up as failures. Given that so many themes are disruptive, it is easy to be blindsided by industry outsiders entering your sector. To help businesses in the tech, media, and telecom (TMT) industry stay ahead of the competition and understand what 2024 will hold, GlobalData’s thematic analysts have produced the Tech, Media, & Telecoms Predictions 2024 report.

This report identifies the top 40 themes that will impact the TMT industry in 2023. In it, our analysts predict how each theme will develop in 2023, provide infographics using data from GlobalData’s intelligence centers, identify winners and losers, and point you toward further reading. This report will help you to understand and identify the important themes that threaten to disrupt your business in 2024. Opportunities await those who can exploit the benefits of each theme.

Key Highlights

Generative AI will impact every industry. We forecast the generative AI market to grow from $1.8 billion in 2022 to $33 billion by 2027, implying a CAGR of 80% during this period. Of the five advanced AI technologies, generative AI is the fastest growing and will account for 10.2% of the overall AI market in 2027. GlobalData estimates the total AI market will be worth $908.7 billion in 2030.
Environmental, social, and governance-or ESG-is moving into a new era, which we call ESG 2.0. In this second phase, there will be a greater focus on the ‘E’ component, with a shift from a voluntary regime to a mandatory one, driven by government mandates rather than consumer pressure.
Throughout 2023, the US export bans on advanced technology progressively choked China’s access to the high-end chips, such as graphics processing units (GPUs), necessary for AI development. Global chip manufacturing is moving fast. As the computing power necessary to train the latest AI models increases rapidly, Chinese companies will be held back by less powerful GPUs. For years, Beijing has been mobilizing national resources to develop competitive AI firms while striving for chip self-sufficiency, with modest success. China will break through in certain industry-specific AI and tech hardware applications. However, by the time China produces high-end chips to the same level as the US, it may be too late for Chinese AI companies to catch up with US AI companies like OpenAI, which have benefited from high-end chip availability.

Scope

• Analysis of the 40 most important themes impacting the TMT sector, classified into three groups: technology, macroeconomic, and ESG. These include AI, cybersecurity, China, batteries, and inflation.
• The report includes quantitative and qualitative predictions for each theme in 2024, including market forecasts. Infographics are provided for each theme to justify key predictions using survey results and data from GlobalData’s patents, jobs, deals, company filings, and social media analytics databases. Winners and losers are identified in each theme using data from thematic scorecards, driven by GlobalData’s unique thematic methodology.

Reasons to Buy

• Position yourself for future success by investing in the TMT industry's most important tech, regulatory, and macroeconomic themes. In this report, GlobalData’s analysts provide guidance on how to improve your standing in each theme.
• Source the leading vendors for the most disruptive themes in the TMT industry from our lists of winners and shortlist potential partners based on their areas of expertise.
• Quickly identify attractive investment targets by understanding which companies are the most advanced in the themes that will determine future success in the TMT industry.
• Quantify the global sales opportunity for disruptive tech services by accessing GlobalData’s market forecasts, produced by technology, healthcare, automotive, retail, banking, aerospace, defense, and security analysts.