UK Future of Technology Market Report 2023
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Stay ahead of the curve and future-proof your business with Mintel’s UK Future of Technology Market Report 2023. Our full report is packed with consumer-led market intelligence, the latest trends and consumer behaviours affecting your industry. Get a 360° view of the technology market to help you align your business strategy with the needs of your audience.
Below, we’ve handpicked the key insights analysed in the full report and summarised the core topics.
The cost of living crisis has squeezed spending in the technology market. However, consumers are set to be in a stronger financial position in the coming years, with the Bank of England estimating inflation to fall to 2% by late 2024.
Nearly two-thirds of consumers who know about AI are at least somewhat concerned about the increasing prominence of the technology. The biggest concern people have is AI making jobs redundant, with even the creative industries being at risk from Generative AI technology.
Many consumers see smart homes as the most exciting area of technology to follow in the coming years, which is second to smartphones. With voice control being the most used way to control a smart home, advancements to voice assistants can significantly change the connected home experience.
While usage of smart glasses is relatively low, there is a rising level of engagement with the technology. Unlike VR headsets which were weighty and portrayed a virtual world, AR-based smart glasses take a different approach by presenting a virtual overlay on real life. This will enable consumers to use smart glasses for directions from Google Maps or Google’s live translation concept.
To learn how to connect with your audience, purchase our full UK Future of Technology Market Report 2023. Discover lucrative innovation opportunities to help your business grow during times of financial uncertainty.
Google, Apple, Microsoft, ChatGPT, Metaverse, Amazon, Josh.ai.
This report, written by Zach Emmanuel, a leading technology industry analyst, delivers in-depth commentary and analysis to highlight current trends in the technology market and add expert context to the numbers.
While generative AI is currently likely to be associated with the new Bing and Google Bard search engines, the technology has the potential to affect several key technology categories. It could significantly enhance the control of smart home devices, individualise gaming experiences, improve product discovery on retail platforms and enable brands to offer tailored advertising of products and services.”
Zach Emmanuel
Consumer Technology Analyst
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our databooks* are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
*databooks not available with UK B2B Industry reports.
Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.