2023 is going to be a tough year. War, inflation, political upheaval, energy shortages, and the ongoing fallout from a global pandemic are still creating a persistent sense of uncertainty at best and downright depression at worst. Labor shortages, supply chain issues, falling consumer sentiment, and rising input costs are squeezing many markets. Not all segments are equal, and some are growing, while others are contracting. However, the common aspect between all of these is that technology can either be the anchor dragging down operations or the mainsail powering companies forward. The devil is in the detail of the how, who, what, and when of technology investment and implementation. To help provide some clarity for the year ahead, ABI Research’s global team of analysts offered their insights into the technology trends that will—and will not—shape 2023.
The post-quantum cryptography market will kick off; there will be a renaissance in enterprise Virtual Reality (VR) with heavy investments and new use cases; and mounting regulations will push the supply chain and logistics industry to invest in and adopt end-to-end visibility and reporting capabilities. These are just some of the major storylines we expect to materialize in 2023. However, there are also many trends that are generating tons of hype, but don’t seem ripe for reality, such as private 5G, an industrial metaverse, the rapid rollout of Electric Vehicles (EVs), to name a few. Altogether, this whitepaper includes 41 predictions of what will happen and 33 predictions of what will not happen in 2023. We hope that it serves as a helpful blueprint for building realistic expectations of key technology markets and verticals.
2023 promises to be yet another in a series of challenging years. But, as always, the ABI Research team is here to help our clients by empowering them with the insight, guidance, and tools they need to take advantage of every opportunity.
Chief Research Officer