With an eye towards fostering growth, innovation, as well as efficiency, business firms are looking to invest thousands of dollars in technology. This has prompted investors the world over, to keep track of every single technological trend in recent times.
This is to ensure that they invest in the right place and hope to enjoy more returns in the future. There are practically endless sectors whose technology trend you can track such as software. I have listed the top 5 industries that are exhibiting the most promise as of 2021.
3D Printing Technology
Many investors are usually skeptical of companies dealing with 3D printing, wondering if it will do them any good. However, this industry has been growing consistently over the last few years. Despite being a categorical niche segment, the growth of this industry can be attributed to technology for the most part.
This is because of the creation of prototypes for products that are in demand. Additionally, mass-based customization and funding by the government have also facilitated its growth. High sales, fresh products, and constant innovation are some of the key features of this sector at present. The potential for this sector is therefore undeniable.
Artificial Intelligence is another sector where technology has done wonders and has also lured investors by offering them high returns. For example, Venture Capitalist increased its investment in AI by almost $12 billion globally in the year 2017.
Another example is the Japanese company Softbank that has invested almost $120 million in Lemonade and $93 million in Petuum Inc. Both companies are reliant on AI for manufacturing their primary products. AI technologies involve deep learning, neural networks, and natural language processing. Investors have to keep track of every company that involves the use of cutting-edge systems.
This system helps in learning, understanding, adapting, predicting, and operating autonomously. These companies have the technical knowhow for creating advanced programs and devices. Major companies such as Microsoft and Facebook are in the race to adopt AI for their growth. Investors have to stay alert regarding any change in these companies.
Augmented Reality and Virtual Reality (AR and VR)
Both Augmented Reality and Virtual Reality (AR and VR) have made quite an impact on the technology sector in the past couple of years. It is not surprising therefore to see companies like Microsoft as well as Magic Leap bet on these technologies.
Their target is to increase their business by providing their customers with a novel blend of concepts based on reality. This is also known as Mixed Reality. In a unique online world, VR is totally reliant on PCs.
On the other hand, AR combines both virtual as well as real worlds. Mixed Reality, however, combines both AR and VR. That is the sole reason that investors are after companies that are employing MR.
Blockchain Technology Trends
Blockchain is another such technology that is offering plenty of opportunities to firms across the world to develop or at least plan to do so in the coming years. At the same time, only they will succeed who are well versed with the expertise and knowledge of certain avenues.
This includes DLT, mobile technology, and Blockchain’s regulatory needs. Blockchain ranked the same as Bitcoin in 2017 as a top trend with regard to financial technology. Venture Capitalist has increased its funding of developing organizations of Blockchain by almost 40 percent.
Regulatory bodies are being set up to create a proper framework for the governance of cryptocurrency. Blockchain is supporting cryptocurrency which in turn is being employed by multiple companies for fuelling the growth of new as well as existing products. SparkLabs in South Korea for instance made an investment of almost $100 million for launching SparkChain Capital.
To date, it has invested in a total of 6 different Blockchain systems. All the above instances point towards a singular direction in the future. That is, investors must focus on companies backed by Blockchain as the latter are bound to incur heavy profits. This means a bigger return for the investors as well.
Another sector that is growing rapidly courtesy of the infusion of technology and one that investors must not skip is Healthtech. Healthtech firms are involved in the manufacture of robot-based techniques of microsurgery. These solutions are supposed to be an aid in the removal of cataracts and also create hi-tech equipment for dialysis.
Once again, Venture Capitalists are showing a lot of interest in Healthtech. This has prompted them to invest a rather large sum in similar firms the world over. The health market has also witnessed global growth in the form of the introduction of software to manage patient data as well as other wearable gadgets. It is only a matter of time that this sector too fetches a high return for all investors.