The global pandemic has changed the way we communicate and perceive work. The role of technological development is inevitable and has streamlined with technologies and automation. Every year new technologies rise or fade away, and these last two years were completely different from what the world has experienced.
Work from home and contactless services are the main elements that will continue till the distant future. So, technologies that aid these elements prevail in the market and help in future technological advancements. Therefore, we learn, unlearn, and relearn out of necessity.
Here are a few technologies that out-perform the year 2021 and will still excel in 2022. These technologies create more demand and open doors for new opportunities.
It is a branch of computer science that deals with building smart machines to perform tasks that require human intelligence. Artificial intelligence is an interdisciplinary science that includes multiple approaches. It helps deliver a reliable, scalable, and effective return on investment.
AI analyzes the interactions and finds the underlying insights and connections. Thus, it helps professionals make better decisions to utilize the resources in a meaningful way. It is one of the buzzing trends that is associated with human conduct like learning, problem solving, reasoning, knowledge representation, etc.
According to the market analysis report, artificial intelligence was valued at $39.9 billion in 2019 and is expected to increase to $190 billion by 2025. AI will be implemented in various sectors, thereby by increasing new opportunities.
These are the trends that amplify the user environment. It builds a bridge between the virtual and physical environment. The AR and VR technologies allow the users to view contents and information the same way one perceives in the real world. Both the technologies are used more prominently in the gaming industry, and in other industries like healthcare, marketing, education, entertainment, etc.
In 2019, 14 million VR and AR devices were sold. Therefore, this trending technology is expected to create more opportunities and increase the market value up to $209.2 billion in 2022.
Blockchain is also known as the Distributed Ledger Technology and it is a ledger where the transactions are duplicated and spread out a number of times into the network as a blockchain. This technology makes it impossible to hack or change the system or retrieve the message. Several industrial sectors have involved and implemented blockchain.
The market size of the global blockchain technology is expected to increase by $39.7 billion in 2025. The demand in technology leads to demand for skilled professionals.
Cloud computing is a popular trend that will reach a new level in the coming years. Accessing and storing the software, analytics, networking, database, servers and other computer services in remote servers is called cloud computing. It is easy to access the data from their remote location via network connection.
The trending technology is implemented by many companies as it saves a lot of storage service. Also, the market revenue of $371.4 billion in 2020 is expected to increase by 17.5% and reach $832.1 billion in 2025.
With the increase in technology, the rate of data theft and illegal access to data increases. Therefore, cyber security is an important technology that has to be incorporated in many organizations.
Moreover, it is expected that almost 60% of the businesses and companies will implement cyber security to protect themselves from the cyber-attacks. Also, in the years to come several business engagements and third-party transactions take place over the digital medium. Thus, increasing the chances of cyberattacks and threats. A statistical report suggests that the demand for cyber security increases by 33% in the coming years.
Data Science provides insights and information from both structured and unstructured data. Different tools, scientific methods, algorithms, and processes are used to retrieve data. Many organizations in the current trends rely on more and more data from an expert source, like data scientists.
The goal of data science is to compile and provide clean data that encourages companies and businesses to make proper business decisions. Every business needs data and the demand for data science will grow more in the future. The market value was $37.9 billion in 2019 and is expected to reach $140.9 within a couple of years.
The vital element of the technology is the search for strong insights by the enterprises to gain competitive advantage in the market.
The DevOps is to implement security with the same importance of the development and operations. It is a set of tools and practices that combine the IT operations and software development to reduce the timeframe of the development lifecycle.
The goal is to provide reliable and faster service in the process of building, testing, and launching a software product. The technology is involved in the entire lifecycle process and checks for bugs and ensures that all elements run smoothly. While the technology is mostly used in the IT sectors, some big organizations like Adobe, Netflix, Amazon, Walmart, Etsy, and Facebook have adapted this technology.
The DevOps market was $2.90 billion in 2017 and is expected to grow to $10.31 billion in the following years. The need for high quality and speedy delivery, this technology is gaining more traction among the businesses.