SAN
FRANCISCO, June 19, 2024 /PRNewswire/ -- Explore the
top technology trends from Horizon's Databook powered by Grand
View Research Inc., featuring insights on over 5,000 markets
driving transformative changes across industries. Here are the top
technology trends of 2024
1- Artificial Intelligence (AI)
The AI market, valued at USD 196.6
billion in 2023, is poised to witness significant growth at
a CAGR of 36.6% from 2024 to 2030, driven by advances in machine
learning, natural language processing, and computer vision.
- Generative AI: Generative AI is advancing to produce
content, transforming applications into more interactive and
intelligent platforms. This evolution, exemplified by tools like
Gemini, Claude AI, and ChatGPT, shifts AI from passive data
retrieval to active conversational advisors. This enhancement not
only improves data accessibility but also significantly boosts user
engagement, marking a paradigm shift in how AI interacts with and
assists users in various domains.
- AI Gadgets: AI gadgets are increasingly incorporating
natural language processing, enhancing user interactions beyond
traditional touch interfaces. Devices such as the Rabbit R1
showcase this trend by offering seamless and intuitive controls.
This integration improves user experience by enabling more
efficient and user-friendly interactions with technology, setting
the stage for broader adoption of AI-driven gadgets in daily
life.
2- Edge Computing
The edge computing market is expected to increase from
USD 16.45 billion in 2023 to
USD 155.90 billion by 2030, at a CAGR
of 37.9%. This growth is driven by the need for faster data
processing, reduced latency, and the rise of IoT devices,
particularly in manufacturing and telecommunications.
3- Quantum Computing
Quantum computing is anticipated to create up to USD 1.3 trillion in value by 2035. Its growth is
fueled by the ability to solve complex problems in automotive,
chemicals, financial services, and life sciences, which traditional
computers find challenging.
4- Blockchain Technology
The blockchain technology market is projected to reach
USD 1.43 trillion by 2030, propelled
by increased venture capital investments and applications in
finance, supply chain, and healthcare. Blockchain enhances
transparency, security, and efficiency in transactions and data
management.
5- Metaverse
The metaverse market is projected to exceed USD 936 billion by 2030, driven by the
integration of AR, VR, and blockchain. It offers immersive virtual
experiences for gaming, social interactions, and virtual commerce,
attracting significant investments from major tech companies.
6- 5G Technology
The global 5G services market is expected to grow at a
CAGR of 59.4% from 2023 to 2030. Key drivers include the deployment
of 5G networks enhancing mobile connectivity, supporting IoT
applications, and enabling smart cities and autonomous
vehicles.
7- Cybersecurity
The cybersecurity market is projected to reach over USD 500 billion by 2030. Growth drivers include
the increasing prevalence of cyber threats, data breaches, and the
adoption of cloud services, prompting investments in advanced
security solutions like zero-trust architecture and AI-driven
threat detection.
8- Sustainable Tech and Green Computing
Sustainable technology focuses on reducing environmental
impact through energy-efficient solutions and renewable energy
sources. Growth is driven by increased awareness of climate change,
regulatory pressures, and the push for corporate social
responsibility.
9- Robotics and Automation
Robotics and automation are transforming industries by improving
efficiency and reducing costs. Growth is driven by advancements in
AI, machine vision, and robotics hardware, enabling applications
from manufacturing to healthcare and service robots.
10- Digital Twins
Digital twins, virtual replicas of physical systems, are
enhancing operations and maintenance in industries like
manufacturing, healthcare, and urban planning. Growth is driven by
IoT integration, advanced simulation tools, and the need for
predictive maintenance and optimization.
About Horizon Databook – The most extensive market
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SOURCE Grand View Research, Inc.