Canalys Releases Top 10 Global Tech Trends for 2024: Predicts China to Become the Largest AI Market

[baoshi.rao]

Canalys has released predictions for the top 10 global tech trends in 2024. These include the proliferation of generative AI, AI talent shortages, an increase in enterprises owning supercomputers, a rise in individuals generating code through informal programming training, supply shortages of Apple Vision Pro products, national regulations impacting generative AI models, and the recovery of growth in U.S. channels starting April 2024. The predictions indicate these trends will have profound impacts on the global tech industry.

Here are the details:

1. By 2026, most software and hardware products will incorporate generative AI features without charging consumers. Generative AI is still in its early stages but is expected to grow rapidly in the coming years, with the market opportunity projected to reach $158 billion by 2028. 2. Due to the shortage of edge AI talent, many software companies are lagging behind in integrating AI features. By 2023, it is estimated that 70% of chip performance will not be fully utilized.

2. By 2026, 15 enterprises will own and operate the top 20 most powerful supercomputers, marking a significant shift in computing power ownership from public to private entities.

3. By 2026, it is expected that one-fourth of code will be generated by individuals without formal programming training, as AI leads a new wave of no-code development. 5. Apple's Vision Pro will face continuous shortages for at least 12 months after launch, indicating its potential market success in redefining XR.

4. As generative AI models become more complex, cybersecurity emerges as a critical factor. By 2026, 40% of generative AI models are expected to be impacted by national regulations.

5. Starting April 2024, US channels are projected to resume growth. While geopolitical tensions and inflation challenged tech companies and channel partners in 2023, these partners will become primary growth drivers in 2024.

6. In 2024, AI startups will offer real-time monitoring services for AI assets to ensure performance reliability and output credibility. 9. In 2024, China is expected to become the world's largest AI market, accounting for 40% of global AI spending.

7. In 2024, AI applications in industries such as healthcare, retail, and manufacturing will grow rapidly, bringing significant innovation and benefits to these sectors.