In 2024, IT leaders are expected to prioritize physical infrastructure needs alongside comprehensive cybersecurity strategies. The article also highlights the importance of addressing AI-powered cyberattacks and the need for greener solutions to cut CO2 emissions, particularly from cloud computing. The author concludes that the cloud, generative AI, and the changing regulatory environment will propel security and risk management spending in 2024, with 5G and IoT driving innovation in various industries.
Key takeaways:
- The convergence of 5G and Internet of Things (IoT) is expected to create more opportunities than AI in 2024, with 5G networks potentially covering one-third of the world's population and enabling 1.2 billion connections.
- Telecoms are expected to deepen cloud partnerships for a larger market share in digital services, with the telecom cloud market size projected to reach $97.07 billion in 2030.
- Physical infrastructure investments will rebound in 2024, with IT leaders prioritizing their physical infrastructure needs alongside comprehensive cybersecurity strategies.
- 5G and IoT will drive innovation in various industries, with cloud playing a pivotal role, and sectors must cut CO2 emissions, particularly from cloud computing, which is responsible for 2.5% to 3.7% of global greenhouse gas emissions.