Skip to main content

Analysts Predict the Big Technology Trends for 2017

From artificial intelligence to the Internet of Things (IoT), innovations are unfolding in virtually every technology sector around the globe, spurring the next generation of economic growth, according to an end-of-year study by IHS Markit.

Surveyed analysts provided insights on industry segments such as advertising, automotive, connected networks, consumer devices, entertainment, displays, media, semiconductors and telecommunications.

The analysts provided their informed predictions for the evolving worldwide market in 2017. Per their guidance, the key leading technology trends are as follows:

Smart Manufacturing Accelerates

  • Companies use IoT to transform how products are made, how supply chains are managed and how customers can influence design.
  • Look for tech firms to release their own Platforms-as-a Service (PaaS) offering in the cloud, as they compete to offer IoT projects for the industrial market.

Artificial Intelligence Gets Serious

  • Already, personified AI assistants from a handful of companies have access to billions of users via smartphones and other devices.
  • However, even bigger, more profound changes are on their way as levels of human control are ceded directly to AI, such as in autonomous cars or robots.

The Rise of Virtual Worlds

  • After several years of hype, the operative reality behind virtual, augmented and mixed digital worlds is set to manifest more fully in 2017. The technology for augmented reality (AR) and virtual reality (VR) will advance significantly as vendors consolidate their existing technologies into more exhaustive strategies.
  • New versions of VR-capable game consoles featuring 4K video and high dynamic range (HDR) will also create the medium for high-quality VR content, even if availability will be limited for the next few years.

The Meta Cloud Era Arrives

  • Communication service providers plan to deliver a new wave of innovation, allowing for a single connection to the enterprise and acting as a gateway to multiple cloud service providers.
  • In 2017, new offerings will become available from traditional Software-as-a-Service (SaaS) vendors, coupled with expanded offers from major vendors. Watch for the development and deployment of more specialized silicon in the next two years.

A Revolution in New Device Formats

  • The development of the consumer drone is the closest example of a product type evolved over the past few years that has quickly gone mass market. 3D printers and pens are heading the same way.
  • The next set of new devices may well materialize at the boundary of cheap 3D printing and inexpensive smartphone components to create completely novel device types and uses.

Solar is Largest Source of Renewable Power

  • The next year, 2017, will see photovoltaic (PV) technology retaining -- and confirming -- its position as the planet’s largest source of new renewable power.
  • More than a quarter of all PV capacity added worldwide in 2016 and 2017 will be in the form of solar panels. The growth of solar can be attributed to sharp drops in the cost of PV systems, combined with favorable country policies toward new renewable power.

Low-Power Nets for Inaccessible IoT Devices

  • The first batch of low-power, wide-area networks (LPWAN) will go live around the world in 2017 as an alternative to short-range wireless standards such as Wi-Fi and Bluetooth. LPWAN technologies will connect hard-to-reach, IoT devices more efficiently and at a lower cost, dealing with challenges stemming from range limitation to poor signal strength. As a result, opportunities will open up for telecom providers to support low-bit-rate applications.
  • In turn, the increased availability and low cost of LPWAN technologies will drive connectivity for smart metering, smart building and precision agriculture, among many other applications.

Popular posts from this blog

Digital Transformation for the Oil and Gas Sector

The savvy CEOs of multinational organizations will accelerate their investment in digital transformation projects in 2022, and beyond, to improve their competitiveness. Every industry leader that is forward-looking will act swiftly to grasp the upside opportunity. Global oil & gas companies face a myriad of operational, commercial, and existential security threats. According to the latest worldwide market study by ABI Research, oil & gas firms apply digitalization to combat these threats and will spend $15.6 billion on digital technologies by 2030. Oil & Gas Digital Apps Market Development Investments in digitalization can help to analyze a supply pipeline’s condition, prepare for fluctuations in the changing prices for oil and gas, as well as aid action plans to create more sustainable operations and transfer to producing renewable energy sources. "Safety and Security are top priorities for oil & gas operators. Data analytics allied with IoT platforms have become

2022 Tech Trends Outlook: What Happens Next?

This year may very well be another period of unprecedented challenges and opportunities. In 2022, several highly anticipated technology-related advancements will NOT happen, according to the predictions by ABI Research. Their analysts identify many trends that will shape the technology market and some others that, although attracting huge amounts of pundit speculation and commentary, are less likely to advance rapidly over the next twelve months. "The fallout from COVID-19 prevention measures, the process of transitioning from pandemic to endemic disease, and global political tensions weigh heavily on the coming year's fortunes," said Stuart Carlaw, chief research officer at ABI Research . What Won’t Happen in 2022? Despite all the headlines and investments, the metaverse will not arrive in 2022 or, for that matter, within the typical 5-year forecast window. The metaverse is still more of a buzzword and vision than a fully-fledged end goal with a clearly defined arrival d

How Ride-Sharing Apps Changed Local Transport

Building on significant advances in disruptive mobile app technology, ride-sharing services have emerged to become a popular means of urban mobility. This is unsurprising given the advantages of ride-sharing options over traditional transport modes, such as buses and more expensive taxis. Innovative ride-sharing platforms enable app users to customize their journeys according to real-time phenomena, such as nearby traffic conditions, time of day, and rider demand. However, this is not to say that ride-sharing services are perfect. The popularity of ride-sharing has resulted in some additional traffic congestion in major cities already struggling to control this issue, while the widespread disruption caused by the pandemic affected most stakeholders within the local transportation value chain. Ride-Sharing App Market Development According to the latest worldwide market study by Juniper Research, ride-sharing spending by consumers globally will exceed $937 billion by 2026 -- that's c