Technology Boom: What to Expect in the Next Decade

People are already quite familiar with Artificial Intelligence, the Internet of Things and electric mobility but in the coming decade, these technologies are expected to grow massively.

According to the IDC forecast, by 2023 the global annual revenue of AI will reach $98.4 billion, with CAGR of 28.5 percent from 2019 to 2023.

Electric vehicles are also expected to make big in the market in the next decade. According to BloombergNEF predictions, by 2025 10 million electric cars will be sold, whereas the number would increase rapidly and by 2030, 28 million cars would be sold out.

Also, it is expected that the number of things that are connected to the internet will increase, more than double, in the next decade. Around 50 million devices will become part of the growing IoT family, says Strategy Analytics.

Rolling out 5G globally is one of the biggest projects of the next decade and Ericsson says in 2020, 1.1 percent of the smartphones will get connected to 5G. Whereas by 2025, around 30.1 percent mobiles will be subscribed to 5G.

Technology Boom: What to Expect in the Next Decade - chart

Read next: The Ever-Blooming Economy of Smartphones
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