Technology, Media and Telecommunications Predictions, 2023

Deloitte Global predicts that more than 5,000 broadband satellites will be in LEO by the end of 2023, making up two working constellations providing high-speed internet to nearly a million subscribers

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Deloitte Global predicts that 2023 will see the launch of the first 5G smartphones retailing at US$99 or its equivalent in other currencies.

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Deloitte Global expects the number of MNOs investing in 5G SA networks—with trials, planned deployments, or actual rollouts—to double from more than 100 operators in 2022 to at least 200 by the end of 2023.

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Deloitte Global predicts that the world's leading semiconductor companies will spend US$300 million on internal and third-party AI tools for designing chips in 2023

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Deloitte Global predicts that chips made of high-power semiconducting materials, primarily gallium nitride (GaN) and silicon carbide (SiC), will sell a combined US$3.3 billion in 2023, up almost 40% from 2022.

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Deloitte Global predicts that the radiation-hardened (rad hard) electronics market will top US$1.5 billion in sales globally in 2023.

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Deloitte Global predicts that, by the end of 2023, approaching two-thirds of consumers in developed countries will use at least one advertising video-on demand (AVOD) service monthly

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Deloitte Global predicts that in 2023, streamers will spend over US$6 billion on exclusive major sports rights in the largest global markets.

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Deloitte Global predicts that the market for virtual production tools will grow to US$2.2 billion in 2023—up 20% from an estimated US$1.8 billion in 2022.

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Deloitte Global predicts that the market for social commerce will surpass US$1 trillion globally in 2023

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Deloitte Global predicts that the virtual reality (VR) market will generate US$7 billion in revenue globally in 2023, an impressive 50% increase over 2022's US$4.7 billion.

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Deloitte Global predicts that the enterprise market for edge computing will grow at 22% in 2023

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Deloitte Global predicts that in 2023, the tech industry will move faster on climate action than nontech industries.

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Deloitte Global predicts that, in 2023, the number of game company mergers and acquisitions (M&A) will increase by around 25%

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Deloitte Global predicts that the total value of TMT divestitures in 2023 could expand by 25–50% year over year to range from US$250–300 billion

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