The rapid growth of technology in Southeast Asia is impacting the global market.
During the global economic crisis, people began to rely more on digital technologies in their daily lives, resulting in the emergence of new technological trends.
Key technology trends in Southeast Asia that will impact the world:
Content:
VR and AR technologies
Interacting with data has become more accessible, thanks in part to virtual, augmented, and mixed reality, technologies that were once considered science fiction. New digital innovations have made it possible to create realistic simulations and scenarios that don’t require expensive resources. Augmented reality (AR) and virtual reality (VR) developments allow users to fully immerse themselves in the digital world, perceiving and manipulating data.
According to Statista, the global AR and VR market size reached $28 billion in 2021, and current analysts predict that the AR and VR market will grow to $250 billion by the end of 2028. The technology is widely used in education to help students understand the practical aspects of theory, especially in the healthcare sector, where it helps surgeons practice performing surgeries.
Wi-Fi 6 and 5G
The global rollout of 5G continues, improving mobile broadband and delivering faster download speeds. Southeast Asia is seeing widespread adoption of 5G. The latest iteration, Wi-Fi 6, is currently in development and is similar to 5G except that it replaces the older 6 GHz frequency, allowing for higher bandwidth internet. Those working in large corporations will be able to enjoy stable, high-speed internet without any lag. However, it will take some time before 5G and subsequent upgrades are rolled out worldwide.
A recent study by Deloitte found that 86% of network technology executives believe that advanced wireless technology will bring significant changes to their organization in the next three years. Faster, next-generation connection speeds will help get work done faster in less time.
3D printing
3D printing, also known as additive manufacturing, has become the number one alternative to traditional manufacturing processes. Unlike older manufacturing methods, 3D printing creates three-dimensional objects by layering materials to create the desired result.
Thermoplastics such as acrylonitrile butadiene styrene (ABS), metals, resins, and ceramics are the most commonly used materials for 3D printing. The method is very cost-effective, productive, and potentially environmentally friendly. One real estate development firm saved construction workers time and built an entire net-zero energy community in California’s Coachella Valley.
According to analytics from Grand View Research, the global 3D printing market is likely to be worth $76.17 billion by 2030, growing at a CAGR of over 20.8% from 2022 to 2030.
Data Trust Models
According to Accenture analytics, the number of cyberattacks in the world has increased significantly. Earlier, in the period from 2021 to 2022, a 125% increase in cyberattacks was recorded. As more users consume more data, the number of database leaks has increased at the same time. Leaks have affected many large and small companies, forcing them to strengthen cybersecurity to prevent future attacks.
The rise of cyber-attacks has led to the introduction of data trust models as a new approach to security by using an independent third party to ensure proper data management rather than monopolization. This allows organizations to securely connect their data and create a new common data repository.
Computing as a Service
Computing as a service is a cloud technology that allows you to allocate space on a server rather than on your local computer hard drive. In recent years, cloud computing has brought about a major change in data storage for large corporations and even personal computers, as it helps reduce local network congestion. Users can easily access available software applications and pay for the amount of disk space or capacity they need using a subscription plan.
With the rise of edge computing—services that offer decentralized data storage through their architecture rather than software—computing is likely to see a surge in usage in the coming years. According to Grand View Research, the edge computing market is expected to reach $155.9 billion by 2030, growing at a CAGR of 38.9%.
Moreover, according to research from Analysys Mason, the majority of leading operators (87%) believe that edge computing is a “top strategic priority” for their company in the near future.
In today’s fast-paced business world, keeping up with the top technology trends can be challenging. While the article above highlights some of the top 2023 tech trends in Southeast Asia to keep an eye on, others are likely to emerge as the digital landscape continues to evolve.
AR, VR and blockchain technologies will be some of the top tech trends of the year as more startups embrace the power of digitalization and blockchain as they continue to develop their products and services for our current and future digital world.
