Decoding tech trends of 2023 – major expectations

The world we live in today is one that is heavily influenced by technology. From ordering food to controlling home appliances, artificial intelligence (AI) has taken over many of the tasks we once had to do ourselves. The tech industry is booming, and its trends are constantly evolving. According to Raj Das, Global Co-Founder & CEO, Hirect India, 2022 was a year of many technological innovations and new trends, and now, we have entered the new year, 2023. There are several key trends that are expected to shape the industry this year.

5G Technology

One of the most significant trends expected to shape the tech industry in 2023 is the widespread adoption of 5G technology. 5G, or fifth generation, wireless networks promise high-speed internet, more bandwidth, lower latency, and more capacity than previous generations of cellular networks. 

5G networks will also support the growth of the Internet of Things (IoT) devices, as it provides the necessary speed, capacity and low-latency communication required for the smooth functioning of these devices.

Inclusion of AI In Different Sectors 

One trend that is expected to continue to grow in 2023 is the use of AI in various industries. From healthcare to finance, AI is being used to automate tasks, improve efficiency, and make decisions. With the increasing amount of data available, the use of AI is only set to increase in the coming year.

AR and VR

The trend which is expected to gain momentum this year is the use of virtual and augmented reality. These technologies are being used in various industries, such as gaming, education, and retail, to create immersive and interactive experiences for users. With the advancement in technology, the use of virtual and augmented reality is only set to increase in the coming year.

Internet of Things (IoT)

The Internet of Things (IoT) is another trend that is expected to see growth in 2023. For the one who is not aware of IoT, the word refers to the interconnectedness of devices, which includes smartphones, home appliances, and vehicles, through the internet. This allows for the seamless exchange of data and enables new use cases, such as smart homes and connected cars. The IoT market is expected to witness a CAGR of 10.14% from 2022 to 2027. 

Cloud Computing

Another key trend that is expected to shape the tech industry in 2023 is the increasing adoption of cloud computing. Cloud computing allows for the storage, management, and processing of data and applications on remote servers rather than on a local device.