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Connectivity technology trends in 2022
TECHNOLOGY Connectivity technology trends in 2022
McKinsey estimated a global GDP impact of up to $2t from new tech trends in 4 industries alone.
Technological advancements changed perhaps too rapidly before our eyes in the past couple of years. It is unlikely that technology stops here, but how exactly will this evolve in 2022 and more importantly, why should businesses care?
In its Technology Trends Outlook 2022: Advanced Connectivity report, McKinsey identified five connectivity technologies that open box full of new cases for businesses to innovate. These include optical fiber, LPWA1 networks, Wi-Fi 6, 5G/6G cellular, LEO2 satellite constellations.
“Enhanced connectivity is an enabler for new and upcoming technologies,” McKinsey noted.
For instance, IoT applications will increase the need for 5G, Wi-Fi 6, and LPWAN; whilst edge and cloud computing technologies, coupled with advanced connectivity, are expected to allow consumers and industrial verticals to tap into the full-benefits of nextgeneration computing.
New trends that utilise this new connectivity technology are expected to have a global GDP impact worth between $1.2t and $2t, covering just four industries— automotive and assembly, healthcare systems and services, aerospace and defense, and retail.
“With broader 5G, optic fiber, and satellite internet coverage, the digital divide for the next billion internet users is being bridged,” the report also read.
These trends will likely affect telecommunication as it improves cellular services for retail customers and private 5G solutions for enterprise customers; and aviation, travel, and logistics as it paves the way for tracking and tracing products. It also provides access to data that will help customers optimise supply chains.
Technological trends are also seen to change the game in construction and building materials with onsite 3-D printing, and expansive connectivity networks. Other industries that will benefit from technological disruptions are IT and electronics, media and entertainment, metals and mining, electric power, natural gas, and utilities, and oil and gas.
The digital divide for the next billion internet users is being bridged
What is the trend about, and what are the most noteworthy technologies?
5G/6G cellular, wireless low-power networks, low-Earth-orbit satellites, and other technologies support a host of digital solutions that can help networks increase geographic coverage, reduce latency, reduce energy consumption, increase data throughput, and increase spectrum efficiency. This has led to higher-quality network access for consumers and unlocked new use cases for industrial players
Why should leaders pay attention?
Why are advanced connectivity technologies interesting, compared with what already exists?
As advanced connectivity becomes broadly available, industries will find innovative use cases
We compared the current generation of advanced connectivity technologies with their predecessors
