Technology continuously evolving over the last few decades. It changes human civilization and transforms into the digital world. In 2020, Despite the world faces the Covid-19 pandemic and uncertainty in different sectors including the Economy, Healthcare, IT, etc.
The advancements in Technology including AI(Artificial Intelligence), Machine Learning, 5G Technology, IoT(Internet of Things), Blockchain, etc. These emerging technologies help us to live in a manner that we are used to it.
In recent times, When the whole world is in a Lockdown situation, driven technologies help people in different ways such as work from home, digital payments, automation, and other digital transformations. We constantly use these technologies to fulfill our daily needs.
Here are the Top 8 Emerging Technologies that can change the world in the upcoming future.
- 5G Technology
The upcoming technology that revolutionized our lives is 5G Technology. It will connect and provides a high-speed network that provides various services like video conferencing, cloud computing, smart cities project, robotics, etc.
5G networks are at least 40 times faster than the current 4G network.
5G Technology provides over 13 trillion dollars of economic output. It has created 22.8 Million new job openings around the world.
Many countries are accessing these facilities but for many, it will be a dream coming true.
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- Artificial Intelligence
It is one of the most emerging technologies in recent years. Artificial Intelligence implements in different fields that facilitate the performance, scalability, and reliability of different technology collaborate such as Robots, image and speech recognization, navigation apps, chatbots, personal assistants, etc.
AI technology creating jobs in different sectors including development, programming, testing, support, maintenance, etc.AI market will grow over 250$ billion industry by 2025 as estimated by experts.
AI(Artificial Intelligence) revolutionize in the upcoming future and will utilize in several to serve humankind in every possible way.
- Machine Learning
Machine Learning is similar to AI. It deals with the ability of the machine to learn from past data. Machine Learning has a huge scope in various sectors including Robotics, Recognization Systems, Medical, Data Analytics, and others.
With the advancements in the Healthcare sector, ML plays a huge role in developing various new technology that helps in medicine. Different medical equipment that processes and analyzes data. This is one of the most emerging technologies in recent years.
Data Scientists are also using ML technology in analyzing large sets of data. The experts estimated ML markets will grow over 8$ Billion by 2025.
- Blockchain
Most of us thinking Blockchain as a field of Digital Currency only. It provides more security and functionality to digital transactions. It can not be modified or changed in between transactions.
Advantages of Blockchains such as Transparency, Decentralisation, secure transactions. With blockchain, you don’t need a trusted third-party to oversee or validate transactions.
Blockchain uses in different sectors includes Banking and Finance, Healthcare, Supply Chains, Smart contracts, etc.
- Internet of Things (IoT)
The buzzing of Internet Technology uses nowadays popularize and almost every device using the internet at a different level.
IoT(Internet of Thing) is a future ahead as Smart Cities, Smart Homes, Smart Vehicles, Smart Appliances, etc. are using Internet Connectivity. It will create an environment that uses clouds having access to the internet in every field.
According to the latest reports, the IoT Technology market will grow up to 50$ billion by 2040. This could be the new era of Smart Technology soon.
- Cyber Security
As Digital Transformation takes place, Security becomes an integral part of the system. Given the fact that it’s been around for a while, it keeps involving with time. Continous Virus and Malware attacks, caused by hackers will need a constant security measure.
Cyber Security Mesh will be increasing in cybersecurity jobs in present and near future as well. As it will grow twice as faster as other jobs.
Cyber Security solutions could generate up to more than 20$ billion in 2025 and more than 50$ billion by 2030.
- Virtual Reality (VR) & Augmented Reality (AR)
The upcoming future will see immersive technology with VR and AR. Both these technologies provide a simulated environment that is using in different fields such as AR & VR Theatres, Gaming Industries, Education, Security Services, etc.
The estimated market of AR & VR will reach over 200$ billion by 2025.
- 3D Printing
3D Printing is a fast-emerging technology. Nowadays, 3D printing is widely used in the world. The 3D printing technology can print an object layer by layer deposition of material directly from a computer-aided design (CAD) model.
This printing technology is so powerful that it can print an entire building. It uses in various fields including health care, construction, automotive industry, aviation industry, etc.
3D printing also uses in protecting the environment. For Example, The Researcher has figured out how to convert carbon dioxide into the concrete using the 3D printing process.
These Emerging Technologies made revolutionary changes in the world of Humankind. Various innovations in recent years change the perspective of society towards digitalization. Hopefully, these emerging technologies will provide growth in the upcoming future.
