Technology is evolving at a tremendous pace every year. 2020 seems to be a rough year, but still, it manages to accelerate innovation processes in different industries. Many industries, including IT and networks, medical, automobiles, etc., are continually learning and managing to bring innovations in their particular area.
Every year we come across some new technologies. Few of them have the potential to change the way we live. The 2020 pandemic has reshaped specific technology trends and all digital ecosystems. 2024 has a lot more to offer, so stay tuned and read this blog till the end to find out about these technologies.
Here Are the Top 8 Technology Trends of the Year 2024:
1. Lunch of 5G Technology
You may have heard gossip about 5G launches in the past couple of years, but it will happen in 2022. 5G will launch in many developed countries like Europe, the USA, the UK, UAE, China, etc. The trend of remote working, and video calls on Zoom, and Skype become part of our lives, especially after the COVID-19 pandemic.
That’s why the world needs 5G technology as a fast and reliable connection becomes essential to work smoothly. According to the estimations, there will be more than 1 billion 5G customers by 2023.
2. Distributed Cloud
All cloud-based applications have captured markets by storm, especially in 2024. The well-reputed and successful firms are already cloud-based. It shows how essential cloud technologies are for businesses now. The interesting fact is that almost 60% of the work is done on cloud servers.
This year, cloud-based technology will flourish for its many advantages like lower cost, physical proximity, less latency, etc. No doubt, a distributed cloud is the future.
3. Quantum Computing
Quantum computing research is matured now for the past couple of years. This year, we are expecting that it will bring more. It is a next-level computing technology that makes use of the natural superposition phenomenon. This advanced trend promises to solve the many trials of the current internet age. It involves relationships with significant chemistry.
It is going to be replaced by the quantum computer to get work done faster and in a more efficient manner. Companies like Delft Circuits are still working to bring quantum computing technology in the upcoming months.
4. Digital Health Facility
The COVID pandemic shook up the whole world in 2020, including the health industry. It shows how fragile our systems are in case of any emergency. The digital industry is now focusing on digital medical examination to rescue humanity.
The digital health market is worth around 88 billion dollars in 2018, and now it is expected to grow up to 500 billion dollars in 2025. The medical industry will develop more affordable, reliable, and sustainable health solutions in 2024 to tackle any health issue. It is just a matter of a few more years as digitalization will involve our daily lives.
5. AR and VR Technology
Virtual reality is a hot and emerging trend that is expected to grow to another level this year. It is also known as augmented reality, in which users are submerged into the given environment like headsets. The person feels that the shared environment is real. Many sectors will be booming using this technology, including education sectors, medical departments, etc.
Experts will use it to train doctors for their surgeries effectively and pilots to drive fighter jets and planes. In 2019, more than 14 billion devices were sold solely for VR, and now the world is expecting more this year. Just the knowledge of simple programming techniques is enough to get started with VR.
6. Blockchain Technology
Blockchain and cryptocurrency’s total market worth is more than 265 billion dollars. The world is expecting to increase in cryptocurrency users by up to 40 million in the coming years. Both technologies are going to shine in the world of digital transactions this year. The interest of users in digitization is also increasing the use of blockchain and cryptocurrency.
This technology may doesn’t seem emerging at all, but it has been around for quite some time. As the world moves towards digitization, experts are also trying to upgrade cybersecurity systems to save the systems from illegal hacker attacks. Hackers are always trying to find the security breach and find ways to get into the toughest security measures. That’s why this technology is being adapted to get through the toughest security measures.
8. Artificial Intelligence and Machine Learning
AI and ML have received a lot of buzz in the past decade, but it is still a technology of the future. We all know the advantages and uses of both these advanced technologies. From automatic cars to electric devices in our homes, artificial intelligence is everywhere.
It is leaving a significant impact on how we live, work, or play. AI is famous for its superiority in image and speech recognition, smart navigation apps, ride-sharing apps, smart home devices, and much more. It will soon involve our medical systems to analyze customer behavior and real-time data. By 2025, both these technologies grow, and their revenue will be around 200 billion dollars.
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The past year has been phenomenal in terms of technology usage. Many countries have already moved ahead towards a post-COVID period, and now we can imagine the remarkable changes that will happen this year. We hope that you are aware of the upcoming technology trends of 2024.
The technologies like AI, ML, quantum clouds, AR and VR, etc., can be a turning point in the coming years. So these are the technologies to look for in the next few years.