It’s 2024, and it is the ripe time to invest in new technologies that will give you a massive return on your investment. The technology boom after the pandemic has led new investors to find ways to get rich in the future and grow in the market.
Therefore, in the next section, we will discuss some of the best areas in technology trends from ESG investing trends where you can invest and get maximum ROI.
Latest Technology Trends to Invest in for the Upcoming Years
Here are a few of the latest technological innovations you can invest in –
Artificial Intelligence
AI has taken over the world, with its usage entering almost every sector. It is certain that now is the best time to invest in AI, as you will receive heavy returns and see massive growth in the future. The latest research reports project that the global market size of AI will be 908 billion USD by 2030.
Also, prominent companies like Meta, Google, and Microsoft are investing heavily in AI to make it easier for people to work on. Not to forget Masayoshi Son, who raised 100 billion USD in investment for his AI company SoftBank. Thus, it showcases how big AI will be in the near future and how it will benefit millions of investors.
Electric Vehicles
Another place where you can invest in is EVs. It is currently the hottest investment area, as big companies are coming to square one with the small EV company. There are a few reasons behind it:
Government incentives and tax relief
Better technology and security features
Zero carbon emission
Electricity is cheaper than fuel
Thus, you will see a great spike in the market share of EV cars. Moreover, it is projected that more than 17 million EVs will be sold in 2024. Therefore, you should invest in EV companies in Europe and India where you can get the maximum ROI. So, check for some of the upcoming EV companies and invest in them.
Enterprise Internet of Things (IoT)
Did you know the global revenue of Enterprise Internet of Things (IoT) will rise to 1.2 trillion USD by 2027? Thus, it showcases exciting times for investors, as they will get great ROI on their investment. This is because IoT is highly used in the industrial sectors and cities.
For instance, you can take Singapore and the Middle East countries, where there is a spike in the inclusion of IoT in their smart cities. Furthermore, it is projected that the Industrial IoT market will rise to 756 billion USD, with a CAGR of 15.5% on the yearly basis. The massive showcases your long-term planning, and look forward to a safer future.
Cloud Computing
Another market that is rising rapidly is cloud computing. As per the reports, the global cloud computing market will rise to 1.7 trillion USD by 2027. This showcases a 15.5% growth on a yearly basis from its projection in 2022, where the market size was 356 billion USD.
Hence, if you are ready to have a 5-year investing plan, then cloud computing will give you the biggest returns. This is because, today, many players are entering the market besides Apple and Amazon. Thus, you should open up those companies and invest in them, as you will get the return you expect. In some cases, you can get a return of 1000%.
Wrapping Up
In the end, we can say that investors need to find companies where they can find growth. This is because investment is done on a 5- —to 10-year plan, which showcases how it grows over the years. Also, you want those big returns, which will overshadow all your investments and balance.
Thus, you can look above for the technology trends markets to invest in in 2024 and get maximum return in the future.
FAQs
Here are a few frequently asked questions –
Which technology is booming now in IT?
Here are some of the technologies where you can invest in
Blockchain
Cloud Computing
Internet of Things (IoT)
What are the 7 top tech stocks?
Here are a few top tech stocks you can invest in –
Apple
Nvidia
Alphabet
Microsoft
Meta Platforms
Amazon
Tesla
Which technology is booming in 2024?
Artificial learning and Machine Learning are a few technologies booming in 2024.
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