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Deloitte: smart portable medical devices and game consoles sell like hot cakes; the semiconductor crisis continues in 2022

The market for smart portable medical devices, which was already large globally, is expanding rapidly, with 320 million medical and health monitoring devices being sold worldwide in 2022, a number that could reach 440 million. units by 2024, according to the report Deloitte TMT Predictions 2022 . Smart watches are enjoying a rapid rise in adoption, with consumers using them not only to monitor daily steps (59%), training or athletic performance (42%) and heart health (37%), but also to identify possible symptoms of COVID-19 (11%), with the help of features such as alerts in case of low oxygen saturation – a life-threatening symptom that is difficult to detect without a specialized device.


The Deloitte report also estimates that the video game market will reach 900 million consoles in 2022, generating revenue of $ 81 billion, up 10% from 2021 and substantially higher than revenue from video game users. mobile and computer games. The report also estimates that console software sales will continue to grow, reaching nearly $ 70 billion by 2025.

Crisis The semiconductor industry, which has seen a significant increase in demand in the context of the accelerated digital transformation of the pandemic, will expand in 2022, the report points out, and only in 24 months will the situation of certain components begin to recover. However, the deficit will be less severe than in 2021 and will not affect all categories of chips. In this context, investments in semiconductors by venture capital funds are growing and will meet the demand for new types of chips, with the report estimating that in 2022 there will be a global investment of over six billion dollars in companies producing semiconductors.

“The pandemic has created opportunities for the technology, media and telecommunications industries, creating a context that has led to growing consumer interest and the emergence of new niche markets, but has also intensified competition among players, such as service providers. video streaming . We also see opportunities in Romania, such as access to additional capital, which will continue to accelerate the adoption of technology to overcome the challenges posed by the health crisis. One such initiative is the National Recovery and Resilience Program, which provides investments worth 500 million euros in the development of microelectronics. In the first phase, these are projects aimed at low-power processors and semiconductor chips, an initiative that could help address the global deficit in this sector, “said Andrei Ionescu, Coordinating Partner, Consulting and Risk Management, Deloitte Romania.

With regard to video streaming services, the report estimates that by 2022, at least 150 million subscriptions will be canceled worldwide, corresponding to a termination rate of up to 30%. In Europe, in mid-2021, the termination rate ranged from 7% to 23%. But in 2022, the European market will become more competitive, which will lead to an increase in the termination rate, although it is expected to remain below 25%.

Floatovoltaics , built on natural and storage lakes, have become commercially viable. Their aggregate installed capacity will reach a peak of 5.2 gigawatts globally by the end of 2022, according to the Deloitte TMT Predictions 2022 report, following a $ 4-5 billion investment, mainly in Asia. Floating photovoltaics could also gain ground in Europe, where policies that encourage the use of renewable energy sources, such as Fit for 55, the EU’s commitment to reduce emissions by 55% by 2030, could accelerate the use of such new technologies.

Sales of Wi-Fi 6, the latest iteration of the Wi-Fi network, will significantly outpace those of 5G devices, a trend that will continue for the next few years, with sales estimated at at least 2.5 billion Wi-Fi -There will be 6 in 2022, compared to about 1.5 billion 5G devices. However, companies are preparing to use both solutions in parallel, with 98% expecting to use both technologies over the next three years. The Deloitte TMT Predictions 2022 report highlights that advanced wireless solutions are a strategic priority for companies, with eight out of 10 organizations estimating that these technologies will profoundly transform them by 2023, from the way they operate, develop new products and interact with customers to to the business model. Companies already consider Wi-Fi 6 and 5G to be the most important wireless technologies, with 65% expecting Wi-Fi 6 to be in the top three most important technologies by 2030, while 76% say that and 5G will be in the top three priority solutions.