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The 2020 Deloitte predictions: from private 5G to e-bikes

Izunna Okpala

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Deloitte shared its annual technology, media and telecommunications predictions with customers and media through their online media.

The predictions are based on research undertaken by Deloitte Global-the Report on Technology, Media and Telecommunications Predictions 2020.

Delloite says the research aims to provide insight into the smart future – technology and trends that offer opportunities for growth and transformation across the corporate landscape, such as edge computing, private 5 G, AI, content delivery and consumer trends.

Paul Lee, global TMT head of research at Deloitte, talked the audience though the 2020 predictions, which range from the expected 5G and AI to somewhat surprising rise of cycling.

1. Edge AI chips come into their own

Over 750 million edge AI chips–chips or parts of chips that perform or accelerate on-device machine learning tasks, rather than in a remote data center–will be sold in 2020.

The demand for these chips is likely to grow twice as fast as the overall chip market, as they find their way into an increasing number of consumer devices and business devices, predicts Deloitte Global.

2. Expert service robots set for double-digit growth

Of the approximately 1 million robots projected to be sold for business use in 2020, Deloitte Global estimates that just over half will be professional service robots, generating revenue in excess for US$ 16 billion, or 30 percent more than in 2019.

3. Private 5G networks

Deloitte Global expects more than 100 businesses from around the world to start exploring private 5 G networks by the end of 2020.

Hundreds of thousands of companies will likely deploy private cellular networks over the next decade. Regulation is evolving to allow for the private use of certain bands, Lee said.

4. High speed from low orbit

Moving into orbit and producing satellites has become less costly, while in every part of the world demand for communication has been growing.

Deloitte Global estimates that by the end of 2020, there will be more than 700 low-earth orbit satellites seeking to deliver global broadband internet–up from about 200 by the end of 2019.

5. The smartphone multiplier

The sale of products and services that depend on smartphone ownership – the so-called smartphone multiplier – will be three times that of smartphone market itself.

Deloitte Global predicts that the smartphone multiplier will drive US$459 billion of revenue in 2020, and expects that market to grow between 5 and 10 % annually through 2023.

The three largest elements of the smartphone multiplier are: mobile advertising, apps and hardware accessories.

6. Antennae: terrestrial TV’s surprising staying power

At least 1.6 billion people worldwide will get some of their TV from an antenna, representing 450 million households.

TV may not expand at the pace it did 20 years ago, but it is not declining either, and according to Deloitte Global, both advertisers and broadcasters need to take note of that.

7. Networks for content delivery: Audio, games, and more

Content delivery networks (CDN)s) are designed to improve media quality, speed and reliability by bringing content physically closer to the user.

Deloitte predicts that the global CDN market will reach US$14 billion in 2020 and that the market will more than double by 2025, driven by increasing consumer hunger for streaming video over the Internet.

By 2022, CDNs are expected to carry 72% of all Internet traffic.

8. Ad-supported video

Revenue from ad-supported video services will reach an estimated US$32 billion in 2020, Deloitte predicts.

Asia will lead with US$15.5 billion revenue, nearly half of the global total. Over a billion people in Asia watch ad-supported video services, thanks to the advent of affordable 4G connectivity, low-cost smartphones and business models that offer free content in exchange for watching ads.

Ad-supported videos could be the latest Asian import to the US, Delloite predicts.

9. The rise of audiobooks, podcasts

According to the Deloitte report, the global audiobook market will grow by 25 per cent to US$ 3.5 billion, while the podcasting market will grow by 30 per cent and for the first time reach the US$ 1 billion mark.

10. Making cycling faster, easier and safer

More cyclists are taking to the road and tech innovations are making cycling more appealing: safer, faster, more convenient, and easier to track and measure.

E-bikes, which use batteries to assist pedalling, stand out for their potential to boost cycling growth, says Deloitte.

It predicts that by 2023 the number of e-bikes globally should reach 300m, a 50% increase over 2019.

General News

COVID-19: An update on the success of Coronavirus treatment

Izunna Okpala

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There is hope in the fight against Covid-19. New evidence now exist in the United States of America supporting this procedure. Physicians in the Kansas City area, including Joe Brewer, Dan Hinthorn and Dr. Jeff Colyer, continue to see a lot of patients and some have shown progress. Hydroxychloroquine has been applied to treatment options by major medical facilities including the University of Washington and Mass General.

In addition, before this, according to a study conducted by French researchers on 80 cases who recovered from the virus within six days of treatment, a combination of hydroxychloroquine and azithromycin has been found effective in treating patients with the COVID-19 coronavirus.

Hydroxychloroquine is an anti-malarial and anti-inflammatory medication used to treat autoimmune conditions such as lupus and rheumatoid arthritis, although it has been tested against symptoms of the novel coronavirus with some results.

Bahrain is one of the first countries to study hydroxychloroquine as a COVID-19 medication, having first used the drug on 26 February, two days after the first case of coronavirus was reported.

Countries around the world are increasing access to hydroxychloroquine and chloroquine, similar compounds that are synthetic versions of quinine, which derive from cinchona trees and have been used to treat malaria for decades.

Considering the urgent therapeutic need to control this disease with efficient and safe medicines, and considering the negligible cost of both hydroxychloroquine and azithromycin, we believe that this therapeutic approach should be tested urgently by medical practitioners both to prevent the spread of the disease and to treat patients until serious irreversible respiratory complications.

Even now, medical experts are still questioning the use of chloroquine as a drug. Usage of chloroquine for symptomatic treatment of coronavirus has not been licensed by the World Health Organisation. The U.S. Food and Drug Administration (FDA) is currently researching a way to make the drug available for emergency use in the United States, but in a way that gives the government data about whether it is safe and effective.

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Health

The Impact of COVID-19 on African Tech Ecosystem

Izunna Okpala

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The Coronavirus (COVID-19) resulted in mass production shutdowns and supply chain disruptions due to port closures in China, creating global ripple effects in a unprecedented “twin supply-demand shock” across all the economic sectors.

More recently, it is stated that the number of cases in China is slowing down, raising hopes that it will eventually hit a peak and be regulated. Nevertheless, the Organization for Economic Co-operation and Development reported in early March that “annual global GDP growth is expected to decline to 2.4 per cent in 2020 as a whole, from an already sluggish 2.9 per cent in 2019, with growth likely even negative in the first quarter of 2020,” with financial markets plummeting in the days that follow.

There is a high degree of uncertainty about the spread of COVID-19 and its effects on Africa is expected to be significant, given the exposure of the continent to China. Cases in Algeria, Cameroon, Egypt, Morocco, Nigeria, Senegal, South Africa, Togo and Tunisia have been registered as yet. When there is a major COVID-19 outbreak in Africa it could already overwhelm the region’s poor health-care systems.

Coronavirus outbreak would have a downside risk for short-term growth for sub-Saharan African economies, according to ratings agency Fitch, particularly in Ghana, Angola, Equatorial Guinea, South Africa, Gabon, and Nigeria – all countries that export large amounts of commodities to China.

Last year, Africa’s Technology, Media and Telecommunications sector was expected to draw high-value investments, with many telecommunications firms looking to develop infrastructure as well as the booming e-commerce market showing potential for regional M&A. The ambiguity surrounding COVID-19, however, means that anticipated investment could be delayed as tech investors anticipate volatility and recover from the short-term impacts.

Many major technology multinationals have said that the effects of lower demand for their goods in China and the effect of breaks in the supply chain of materials required to produce their goods have negatively impacted their companies. Some have been forced to shut down shops, warehouses, production facilities and offices and let workers work from home. Labor-intensive industries are the most affected by the virus and this has impacted planned ventures, production and releases of goods in this market. It is likely to have a ripple effect in Africa and also contribute to project delays.

It is expected that if people stop going to the cinemas for fear of picking up the virus, leave the way open for mainstream broadcasters and live streaming services to enjoy staying at home film and television watchers, the global theater industry will suffer. It would be important to see what improvements film studios are making to overcome this challenge. One alternative could be using on-demand transactional video platforms for new releases. Whatever methods are introduced, the effect is likely to disrupt the conventional dependence on theaters as the first release window and, eventually, the way the film distribution industry does business could be changed forever as a result.

Wuhan in China is the world’s largest manufacturer of optical fibers and cables, accounting for a quarter of the global market. A break in the supply chain for these goods could impact the African telecommunications industry and Africa’s search to introduce fourth industrial revolution technology infrastructure. Fiber optic cable is a critical component of high-speed broadband, which is important for and implementation of 4IR technology.

When more and more customers ignore public spaces, Nigeria is also expected to see an spike in online shopping. Nigeria banks are also likely to begin testing sites for disaster recovery to ensure continued trading and business continuity where operations are affected by COVID-19 office evacuations.

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Nigerian News

FlutterWave support for Paga sealed

Izunna Okpala

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All companies that make use of the FlutterWave payment portal now have the opportunity to accept payment from Nigeria’s nearly 15 million Paga users.

Established in 2009, Paga is the most popular mobile payment platform in Nigeria, and has some 15,000 agents across Nigeria. It provides a variety of financial services including free money transfers, bank accounts deposit, airtime purchase / sending, bill payments, remittances, bulk disbursements & collections that are accessible through online platforms (web / app) and any cell phone through the USSD code *242#.

FlutterWave is a payment gateway for merchants who enable e-commerce merchants across several African countries to accept payment through:

  • Debit and Credit Cards
  • Bank Account
  • Mobile Money
  • POS
  • M-Pesa
  • Visa QR
  • Bank Transfer
  • USSD

Flutterwave recently raised a $35 million Series B round for payments in Africa and confirmed a collaboration with Worldpay FIS.

In 2016 a team of ex-bankers, businessmen and engineers created the fintech startup.

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