The most anticipated technology trends in 2023

In 2023, technology will further develop, and new trends will emerge in various industries such as 5G and blockchain.

The year 2023 has begun, and with it comes a new chapter in technology. Technology is constantly evolving to make our lives easier and better than ever before. Convenience and the quest to solve the unsolvable are the main drivers of new technology advancement.

It could be a new type of smartphone or laptop that looks completely different than what we’ve seen so far. It could also be a new machine that helps doctors perform surgery, or some kind of tool that benefits farmers. That’s just the hardware. Technology is also evolving in the software space, such as those driven by artificial intelligence (AI) and machine learning (ML). And then there’s blockchain, the technology that governs the world’s cryptocurrencies as well as multiple utilities. Every application of this technology is set to get an overhaul by 2023.

Here are some of the top technology trends to look forward to in 2023:

5G Technology

The landscape of telecom and internet consumption is changing as India has launched 5G services since October last year. 5G technology has opened up several paths that were not possible with 4G, and experts believe that 5G will drive the next phase of growth in India's digital economy. 5G deployment will expand to almost all parts of the country this year. Both Airtel and Reliance Jio have confirmed plans to provide 5G services to every corner of India by December 2023.

Internet of Things (IoT)

The Internet of Things (IoT) has already made inroads into many sectors, but it is expected to grow even more this year. Wi-Fi is at the heart of this service, and with the advent of new wireless Internet standards today, connecting devices should become easier and more practical. Device communication is something every business is working to improve this year. The IoT market is expected to grow with the introduction of wireless earphones, smart watches, and other accessories that can connect to mobile phones. In addition, IoT will accelerate the adoption of drones in more sectors, especially in India where the drone market is still in its infancy.

Blockchain

Blockchain is the technology on which all cryptocurrencies are based. While the current socio-economic crisis has caused a decline in the international cryptocurrency market, blockchain has found other uses. Since it is a decentralized technology, blockchain will give more power to its users, including organizations, individuals, and governments around the world. In 2023, blockchain will provide ways to control data according to people's requirements.

Cybersecurity

As new technologies continue to develop, attackers are also exploring more ways to exploit them. Hacker threats are expected to grow. So should security protocols. As a result, cybersecurity is expected to improve in 2023. Several organizations around the world are looking for new ways to curb hacker attacks.

Virtual Reality and Augmented Reality

Virtual reality and augmented reality are expected to grow significantly this year. While virtual reality, augmented reality, and their combination known as mixed reality have already permeated every field, these technologies will find new applications. Companies such as Apple have also reportedly joined the fray. Existing products in the market will improve this year, especially in India, where 5G is expected to accelerate consumption this year, among others.

New phone types

Mobile phones may have improved by leaps and bounds, but their basic structure hasn't changed much. Sure, the smartphone industry saw some changes with the introduction of foldable phones, but foldable devices are still years away from becoming mainstream, not only because of their practicality but also because of their high prices. In 2023, companies may try to show better concepts that show different ways phones can look and work. Foldables may rise further this year, but prices are unlikely to fall.