I’m going to tell you the 15 fastest growing industries of the future.
I’ll briefly describe each industry and tell you how huge they’re projected to become
according to some reputable research companies. And we’re starting right now.
1. Renewable Energy Renewable energy is energy from a
source that is not depleted when used. Examples are Solar, Wind, Biomass, and Hydroelectricity.
According to Allied Market Research, the global renewable energy market
will grow from $928 billion in 2017 to $1.5 trillion by 2025.
2. Internet of Things (IoT) The Internet of things (IoT) 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.
According to Grand View Research, the Internet of Things industrial market is projected to grow
from $264 billion in 2021 to $1.1 trillion in 2028. And the Internet of Things retail market
will grow from $36 billion in 2021 to $182 billion in 2028.
3. E-learning E-Learning is by far,
the fastest growing industry of the future.
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.
4. 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.
5. Cloud Computing Cloud computing helps
organizations process data, store data, automate decision making, lower IT costs,
and reduce the need for hardware purchases and maintenance.
The global cloud computing market will grow from $266 billion in 2020 to $766 billion in 2027.
6. 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.
7. 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.
The global blockchain technology market
will grow from $6 billion in 2021 and to $395 billion in 2028.
8. 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 its ever been.
The global cyber security market will grow from $180 billion in 2021 to $372 billion in 2028.
9. 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.
10. Augmented Reality Augmented reality is an experience where
designers enhance parts of users' physical world with computer-generated input. Smartphones, smart
glasses, and other handheld and wearable devices 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.
11. Robotics
Robots are widely used in the automobile industry and manufacturing processes of other industries.
It’s also being increasingly used to perform surgery in the healthcare industry.
According to Statista,
the global robotics market will grow from $132 billion in 2021 to $209 billion in 2025.
12. Virtual Reality As you know,
virtual reality simulates lifelike situations. Real life use cases
include gaming, social networking, education, and on-the-job training.
The global virtual reality market will grow form $22 billion in 2021 to $67 billion in 2028.
13. 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.
14. 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.
15. 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.
And 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.
Thanks for watching. For more helpful insights about these industries,
make sure to watch the videos next to me.