Top 9 New Technology Trends for 2022
The COVID-19 pandemic has dramatically accelerated the pace of evolution and adoption of technological advancements in the last 2 years. Presently, the global digital population has grown to be five billion strong (over 60% of the world population). So, the latest technologies and emerging technological trends hold more importance than ever in a world where the digital space is trumping all other domains. Below is a list of the top 9 emerging technology trends you should track and try to make the most out of in 2022 to advance in your career.
1. Artificial Intelligence (AI) and Machine Learning (ML)
With a projected growth of CAGR of 20.1% between 2022 to 2029, the global AI market size is expected to witness unprecedented levels of growth during the forecast period.
For instance, to tackle the global pandemic, AI’s demand has made its way into the healthcare industry with models and tools capable of improving and supporting traditional analytics and decision-making frameworks.
Developing your skills in this area can pay you well in the coming years. New employment will be generated in development, engineering, analysis, tech support, and maintenance, as the need for AI and ML grows across industries.
2. Internet of Things (IoT)
IoT is an essential technology for the creation of a network of connected devices that can continuously share data and information with other devices in real-time. As of 2021, the global IoT market had a valuation of over $260 billion.
We will be witnessing a massive increase in the amount of data volume pertaining to IoT connections in the coming years with the overall IoT data reaching over 79 zettabytes by 2025. The extensive adoption of the technology presents plenty of career opportunities across a variety of domains including the automobile sector, smart home devices industry, telecommunications, wearable fitness devices domains, etc.
Unlike other technologies mentioned in this article, cybersecurity has already established a robust base in the tech world. Some of the most typical cyberattacks that enterprises face are AI-enabled phishing and network infiltration, which can lead to severe consequences such as data or revenue loss. So, a career in cybersecurity is a lucrative one but requires you to constantly upgrade your skills to keep up with the evolving developments in the domain.
As of 2021, the global cybersecurity workforce consists of more than 4 million professionals. And, as the current information age progresses and more and more devices get connected, cybersecurity will continue to remain an increasingly pressing topic.
4. Quantum Computing (QC)
Quantum computing employs quantum mechanics laws such as superposition to perform problem-solving. You can rely on QC to answer queries such as how to sort out the ideal routes for a couple of hundred tankers in a global shipping network. As of 2020, the global QC industry revenues stood at a valuation of $412 million. Given its current pace of growth and adoption, the QC market will cross the $8 billion mark worldwide by 2027.
5. Robotic Process Automation (RPA)
RPA is being employed by organizations across several business sectors to automate multiple organizational functions. Like AI, Robotic Process Automation or RPA can also be viewed as a threat to jobs as automation using specialized software programs is at the heart of the technology. However, global revenues from the RPA market are expected to reach over $10 billion by 2023. This provides a robust footing for knowledge workers in career opportunities such as RPA analysts, developers, and programmers, to name a few.
6. Virtual Reality (VR) and Augmented Reality (AR)
AR and VR are known for providing an upgraded experience that combines virtual and real-world with enhanced 3-D images.
Gaming, e-commerce, marketing, education, and a variety of other sectors will all benefit from AR and VR in the future. The global VR gaming industry revenues alone are estimated to reach $2.4 billion by 2024.
7. Edge Computing
Edge computing is a distributed computing system that brings enterprise applications and data sources like IoT devices closer together. With increased accessibility to data, this technology is emerging as a means of gaining significant business benefits and actionable insights. Furthermore, as the number of IoT devices rises, edge computing use will also accelerate.
This particular technology has received its fair share of publicity by now. The fifth-gen wireless is currently the most advanced mobile broadband tech and has already roped in tech giants such as Samsung, Apple, QualComm, and Huawei. We can expect approximately 3 billion 5G subscriptions by 2025 within an industry having an active consumer base of over 6.5 billion subscriptions (as of 2021).
5G demonstrates plentiful potential, not from a career perspective alone, but the viewpoint of a regular consumer as well. Consumers expect improved mobile data speeds with 5G and enhanced coverage among other benefits.
From Dogecoin to NFTs, blockchain technology has taken the world by storm. Casually termed an electronic “ledger,” blockchain is a decentralized list of connected records and verified records.
The global spending on blockchain solutions is forecasted to touch $19 billion by 2024. Even at this early stage in its development, blockchain has become a major market in its own right, owing to the technology's potential and extensive financial interest in the possibilities it may deliver.
With major advancements in technological trends in the last couple of years, you can expect faster and greater developments in the foreseeable future. Safe to say, keeping an eye out for these trends no longer remains the sole necessity for IT professionals.
So, to remain relevant in this fast-evolving business world, it is imperative to continually learn and upskill as the demand for trained professionals with the right skill sets will never go out of trend.