digital fundamentals 10th edition page 41

The Rise of Digital Devices: A Global Forecast for 2023

As the world becomes increasingly interconnected, the demand for digital devices and connections is expected to skyrocket. According to Cisco's Annual Internet Report, by 2023, the consumer segment will account for a staggering 74 percent of total devices and connections, leaving only 26 percent for the business segment. This shift is driven by the growing need for individuals to stay connected with each other and access information online.

One of the most significant trends expected in the next five years is the proliferation of Machine-To-Machine (M2M) connections. By 2023, M2M connections are projected to grow from 33 percent in 2018 to a whopping 50 percent. This means that half of all global connected devices and connections will be automated machines communicating with each other.

The number of networked devices is also expected to explode, reaching 29.3 billion by 2023, up from 18.4 billion in 2018. This translates to an average of 3.6 networked devices per capita, a significant increase from the current average of 2.4 devices per person.

Another important aspect of digital transformation is Internet adoption. By 2023, nearly two-thirds of the global population will have Internet access, with a total of 5.3 billion users, up from 3.9 billion in 2018. This growth in Internet adoption will be driven by increased mobile penetration and the proliferation of affordable devices.

The Cisco Annual Internet Report provides qualitative analyses and assessments across four strategic areas: applications, security, infrastructure transformation, and empowering employees and teams. The report also includes quantitative projections on the growth of Internet users, devices and connections, as well as network performance and new application requirements.

The report covers a range of networking technologies, including fixed broadband, Wi-Fi, and mobile (3G, 4G, 5G). It assesses digital transformation across various business segments, including enterprise, small-to-medium business, public sector, and service provider.

Digital fundamentals 10th edition page 41