With 2023 in the rearview mirror, and along with it the big 2022-2023 down cycle, what have we to look forward to in 2024? Glad you asked. 2024 promises to be a year of change.
COVID’s Continuing Impact
The biggest change will be the return from the return to work. In 2022, as workers in most of the world returned to their workplaces, students to their schools, and everyday people to entertainment venues, the demand for internet connectivity dropped, and data centers saw a corresponding drop in online traffic. PC sales declined as well, and this led to an oversupply of computing and communication chips.