NGO foretells ten tech trends in the new year
By Ted Chen ,The China PostTAIPEI, Taiwan -- A non-governmental organization yesterday announced its forecast for ten major developing trends in the global technology sector.
December 28, 2013, 12:05 am TWN
According to the Market Intelligence & Consulting Institute (MIC) arm of the Institute for Information Industry (資策會, III), next year's major emerging trends in the global technology sector include the rise of China and other developing markets, cloud computing, mobile apps, wearable devices, high efficiency, wireless connectivity and the rising branding power of domestic Chinese products.
Developing markets are expected to see the most rapid growth in consumption levels and demand, becoming a major component of global sales momentum, said MIC.
Among the world's developing markets, the MIC stated that the most marked growth will be concentrated in the Asia Pacific, with ongoing economic reforms in China anticipated to render the most influential impact in the region. Over the next year, Southeast Asia will be growing in prominence as the region's leading technology sector base. Growths in the vast China market will be concentrated in electronic commerce, information technology and consumer electronics.
The research and design capabilities of China's telecommunication manufacturers are also expected to improve markedly throughout 2014, said the MIC, as seen in the rise of popularity and branding power of the so-called white label consumer electronic brands. According to the MIC, through competitive price-value propositions, the multitudes of obscure brand names indigenous to the mainland have become a force to be reckoned with.
Concurrently, the rising popularity of indigenous Chinese brands have propelled growths in related industries throughout the local supply chain, with Taiwanese suppliers now facing heightened competition, said MIC.
Cloud computing is also named by the MIC as among next year's top rising trends. Cloud computing is expected to propel tremendous growth in mobile broadband data processing and mobile applications, the MIC said.
Wearable devices are also expected to see progress towards proliferation, beginning with athletic-related applications, while also spurring on developments in thinner and more portable sensors with wireless connectivity.
To meet the requirements of a myriad of mobile devices, hardware specifications will be trending towards more energy efficient and low cost designs, said the MIC, noting that multi-core processor designs and advanced fabrication processes will remain the chief grounds for competition among the world's leading semiconductor companies.