Deloitte recently released its Technology, Media & Telecommunications (TMT) 2022 Predictions report which highlights how worldwide trends in TMT may affect businesses and consumers worldwide. The report underscores how many of these trends are being driven by the global pandemic’s economic and societal shifts, resulting in an increasingly connected and multi-device world, fueling the world’s need for more chips, growth in connectivity, and entertainment options.

“The pandemic increased the need to maintain connections, improve productivity and experience entertainment, with accelerated adoption from both consumers and businesses alike,” said Kevin Westcott, vice chair, Deloitte LLP, U.S. TMT and global Telecommunications, Media and Entertainment (TME) practice leader.

“In 2022, we foresee these behaviors continuing to grow, but amid a backdrop of challenges. Supply chain woes, increasing regulatory issues and changing media habits will be at the forefront of business leaders’ minds as these challenges impact their ability to meet market demands.”

Here are some of Deloitte’s key predictions:

  • Chips will remain in short supply next year, and some component lead times will stretch into 2023.
  • There will be ongoing and increasing discussion around regulating artificial intelligence (AI) more systematically, with several proposals being made.
  • 320 million consumer health and wearable wellness devices will ship worldwide in 2022.
  • More Wi-Fi 6 devices will ship in 2022 than 5G devices, to the tune of at least 2.5 billion Wi-Fi 6 devices versus roughly 1.5 billion 5G devices.
  • At least 150 million streaming video-on-demand services (SVOD) paid subscriptions will be cancelled worldwide.
  • As games consoles reach their 50th anniversary, the console market will generate a record US$81 billion in 2022, up 10 percent from 2021.