Predicting the future can be difficult and tricky. Predicting the future in the IT sector, on the other hand, is much more difficult and risky owing to rapid changes in technology and infinite obstacles to innovation. As the year 2021 draws to a close, investors are already looking ahead to 2022 and, more importantly, which technological developments will dominate the following year. As a result, they can forecast which businesses and sectors will see the most development and capitalize on a rising market ahead of time.
The COVID-19 pandemic will continue to have an effect on our lives in a variety of ways in 2022. This implies that the digitalization and virtualization of business and society will continue at a rapid pace. However, as we enter a new year, the demand for sustainability, ever-growing data volumes, and rising computing and network speeds will reclaim their place as the primary drivers of digital transformation.
The most significant lesson of the past two years or more for many people and organizations has been that fundamental change isn't as difficult to execute as formerly believed, provided the desire is there! We will certainly continue to leverage this increased openness to flexibility, agility, and creative thinking as the emphasis changes from just surviving in a changing environment to thriving in it.
Keeping this in mind, here are the top tech trends that will most likely dominate 2022
1. E-sports
As more industries are going digital, over the past few years, sports is just one of the latest sectors to get on board. Despite criticism from both critics and fans in recent years, e-sports has grown into a multibillion-dollar business that has the potential to revolutionize the ways we see and engage with sports on a daily basis in the future years. As the year 2022 approaches, it is anticipated to become a feasible investment choice not just for Fortune 500 corporations, but also for non-endemic enterprises. In Germany, for example, where the advent of e-sports was widely criticized, 26 of 36 professional teams currently compete in the Virtual Bundesliga[1].
2. Cobots
Collaborative robots are becoming commonplace in the industrial industry. These are robots that have been designed to cooperate and interact directly with people. More and more businesses are finding that by automating repetitive activities, Cobots can help them increase productivity, enable flexible manufacturing, and improve the assembly.
3. Artificial intelligence (AI)
Artificial intelligence may have been in the background in previous years, but it has lately burst into the forefront. As a consequence, machine learning algorithms are increasingly ubiquitous, and a rising number of worldwide investors are becoming engaged. Tej Kohli, Marc Andreessen, and Eric Schmidt are among the well-known entrepreneurs and investors. As the year 2022 approaches, the technical wonder that is AI, is set to dominate the airwaves in the next year. In its most basic form, it is the process of machine learning on local networks rather than external clouds. This, if widely used, has the potential to increase the safety and security of personal data in the long term.
4. Edge Computing
Cloud computing and the cloud are becoming indispensable elements of daily life. However, now that cloud computing is no longer a new technology, we may turn to edge computing for the next major step forward. Edge computing is a notion that has rapidly expanded from the mobile and telecommunications sectors to virtually every other industry. Edge computing is much more sophisticated than cloud computing and includes avoiding the delay that occurs with cloud computing. According to estimates, the worldwide edge computing industry will be valued at $6.72 billion by 2022[2], with blue-chip firms like Microsoft spending billions more in the fast-evolving edge computing revolution.
5. Augmented Reality (AR)
Augmented reality is another technology development to watch in 2022. Many people have heard of or experienced virtual reality, but few understand what augmented reality entails. As augmented reality becomes more popular, we anticipate that more companies will include it in their marketing efforts. And, as the globe adapts to the constraints of a post-coronavirus environment, AR may become more prevalent in our daily interactions.
AR is already being used widely by gaming firms, with some in the e-sports industry anticipating a future of massive augmented reality stadiums packed with spectators watching the live AR action as it occurs. Ryan Wang, an AR investor, forecasts substantial growth in AR. Digi-AR/VR Capital's Analytics Platform recorded $4.1 billion[3] in AR investments in 2019, the third-highest year on record for virtual reality and augmented reality investment.
6. Drones
The commercial drone industry is projected to expand at a compound annual growth rate of 57.5 percent[4] from 2021 to 2028, with a market value of $75.3 billion by 2026. Drones are extensively utilized in construction, filmmaking, emergency response, real estate, agriculture, and a variety of other sectors that need contactless control over corporate operations, especially during a pandemic.
7. Solutions For Sustainable Power
Renewable energy was the only kind of energy that showed an increase in use throughout the pandemic. Renewable energy usage rose by 40% in the United States during the first 10 weeks of the lockdown. Globally, all nonrenewable energy consumption dropped as businesses closed and people remained at home, resulting in an 8% reduction in emissions. This has led to anticipation that greater investment in renewable energy generation will be made in the future years.
Practical uses in the area of "green hydrogen" energy are also anticipated to develop. Unlike traditional methods of producing electricity from hydrogen, which need huge quantities of "dirty" fossil fuel energy to produce electrolysis, which separates hydrogen and oxygen without releasing carbon, this method uses renewable energy, which reduces the total environmental effect.
Conclusion
If you want to invest in technology in 2022, you should get acquainted with a variety of new topics, such as e-sports, artificial intelligence, sustainability, and drones. This allows you to remain ahead of the curve and stand out from the mass. Subscribe to Whitepapers.online for more information on the latest tech trends.
Sources:
1. Sep. 21, "Ten years of Virtual Bundesliga: The anniversary season starts in November", Virtual Bundesliga, [available online], available from: https://virtual.bundesliga.com/en/news/ten-years-of-virtual-bundesliga-the-anniversary-season-starts-in-november [accessed Oct 2021]
2. Nov, 17, "Edge Computing Market Worth 6.72 Billion USD by 2022", PR Newswire, [available online], available from: https://www.prnewswire.com/news-releases/edge-computing-market-worth-672-billion-usd-by-2022-654465673.html [accessed Oct 2021]
3. Mar. 20, "Digi-Capital: Over $4.1 billion invested in AR and VR in 2019", Venture Beat, [available online], available from: https://venturebeat.com/2020/03/12/digi-capital-over-4-1-billion-invested-in-ar-and-vr-in-2019/ [accessed Oct 2021]
4. Apr. 21, "Commercial Drone Market Size, Share & Trends Analysis Report By Product (Fixed-wing, Rotary Blade, Hybrid), By Application, By End-use, By Region, And Segment Forecasts, 2021 - 2028", Grand View Research, [available online] available from: https://www.grandviewresearch.com/industry-analysis/global-commercial-drones-market [accessed Oct 2021]