Growing Industries of the Future 2022
Growing Industries of the Future 2022
In the past few years, the leaps being made in our entire global economic system are quicker and larger than ever. Not many economists or tech experts can answer with confidence how they envision the economy 20 years from today. As new technologies are prevailing new horizons are being tapped and new industries are being shaped that we never thought of until recently. Being able to forecast these changes will be the most critical factor in your decision to pursue a certain career or invest in one industry or the other. This blog let us see 15 growing industries that are going to change the future.
Renewable Energy:
Renewable energy is energy from a source that is not depleted when used. Examples are solar, wind, biomass, and Hydroelectricity. According to market research, the global renewable energy market will grow from $928 billion in 2017 to $1.5 trillion by 2025.
Internet of Things (IoT):
The Internet of Things describes the network of physical objects or ‘things’ that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet. Smart homes are a great example where air conditioning and security systems can be interconnected. These devices can be remotely operated or they can work automatically for certain functions. The Internet of Things industrial market is projected to grow from $264 billion in 2021 to $1.1 trillion in 2028.
E-Learning:
Online learning makes it easier than ever to learn about any topic you want from experienced professionals, online learning marketplaces, and educational institutions all over the world. The total e-learning market size was over $250 billion in 2020 and is expected to grow to $1 trillion by 2027.
Artificial Intelligence (AI):
Artificial intelligence and machine learning will eventually impact every industry over the next several years. They basically help us automate decision-making and problem-solving in specific situations. The artificial intelligence market will grow from $94 billion in 2021 to $998 billion in 2028. To know more about the application of AI in recruitment click here.
Cloud Computing:
Cloud computing helps organizations process data, store data, automate decision making, lower IT costs and reduce the need for hardware purchase and maintenance. The global cloud computing market will grow from $266 billion in 2020 to $766 billion in 2027.
Drones:
Drones come in various shapes and sizes depending upon their function, usability, and cost. The global commercial drone market will grow from $21 billion in 2021 to $501 billion in 2028.
Blockchain Technology:
Even though blockchain technology came into existence with Bitcoin, blockchain has a far-reaching potential outside of cryptocurrency. Basically, blockchain is a shared database that allows multiple parties to access data and verify that data in real-time. Blockchain will dramatically affect industries such as healthcare, real estate, finance, and entertainment. Blockchain recruitment can become the future of hiring. The global blockchain technology market will grow from $6 billion in 2021 to $395 billion in 2028.
Cyber Security:
With the increased use of the internet for a large range of business functions, the demand for protecting sensitive information is higher than it is ever been. The global cyber security market will grow from $180 billion in 2021 to $372 billion in 2008.
Nano Technology:
Nanotechnology is concerned with building materials on the scale of atoms and molecules. Nanotechnology is expected to revolutionize the medicine, aerospace, body armor, solar panel, and food industries. The global Nanomedicine market will grow to $351 billion in 2025. But the global nanomaterials market is still in its infant stage and is only expected to grow from $10 billion in 2021 to $23 billion in 2027.
Augmented Reality:
Augmented reality is an experience where designers enhance parts of users’ physical world with computer-generated input smartphones, smart lenses, and other handheld and wearable devices that will provide the bulk of these experiences. Augmented reality is expected to take off in the manufacturing, healthcare, and education industries.
The augmented reality market will grow from $27 billion in 2021 to $340 billion in 2028.
Robotics:
Robots are widely used in the automobile industry and the manufacturing process of other industries. It’s also being increasingly used to perform surgery in the healthcare industry.
The global robotics market will grow from $132 billion in 2021 to $209 billion in 2025.
Virtual Reality:
As you know, virtual reality stimulates lifelike situations. Real-life use cases include gaming, social networking, education, and on-the-job training. Global virtual reality will grow from $22 billion in 2021 to $67 billion in 2028.
3D Printing:
3D printing is the construction of a three-dimensional object from a digital 3D model. Most industries that involve manufacturing are expected to be affected by 3D printing.
The global 3D printing market will grow from $17 billion in 2021 to $63 billion in 2028.
Genomics:
Genomics is an interdisciplinary field of biology focusing on the structure, function, evolution, mapping, and editing of genomes. A genome is an organism’s complete set of DNA including all of its genes. The most common application of genomics is to understand and find cures for diseases.
The global Genomics market will grow from $24 billion in 2021 to $63 billion in 2028.
Data Science:
All organizations generate huge amounts of data in the form of documents, text, audio, video, images, and so forth. Data science involves using prediction algorithms to help those organizations make better decisions faster. More and more companies are buying data science software and platforms to automate all of this.
The global data science platform market will grow from $5 billion in 2020 to $26 billion in 2027.