3 Global Tech Trends That Are Worth Investing
“Technology, like art, is a soaring exercise of the human imagination.” – Daniel Bell.
Business owners and investors often follow the tech trail to identify and select the best tools and programs. These technologies aid them in accomplishing their goals and setting benchmarks for others.
Though there are numerous options available, what investment will bring the maximum returns tends to affect the ultimate decision. Moreover, it becomes critical to broaden the horizons and consider the global viewpoint when investing.
Taking both these factors into account, in this article, we’ll discuss the tech trends that are gaining popularity worldwide and, thus, are worth investing in.
So, let’s begin!
Artificial Intelligence
Artificial intelligence has been around for a while, yet many individuals resist investing in it. According to recent reports, the global artificial intelligence (AI) market is expected to reach 1394.30 billion dollars by 2029. The industry is growing at a CAGR of 20.1% for 2022-2029. Quite interestingly, Italy is among the leading countries leveraging AI development.
However, that’s not the only reason you should consider Italy’s AI or big data startups for investment. The Italian government also provides the so-called Golden Visa for Italy to those who put in a minimum of € 250,000 in its innovative tech startups. The benefit of this visa is Italian residency along with access to free national healthcare, no quota limit, and tax benefits. In fact, after the completion of the golden visa period, you can apply for dual citizenship as well.
Metaverse
The concept of the metaverse is creating a buzz all across the world and for good reasons. If you are not familiar with it- the metaverse is a virtual world that allows users to interact in real-time and share their experiences within simulated scenarios.
According to reports, investment in the global metaverse will reach 700 billion dollars by 2030. As a result, many big tech firms are already investing in it.
A recent and renowned example would be Meta (previously known as Facebook), investing nearly 10 billion dollars in the venture. That means if you get an opportunity to be part of the metaverse- be it an early prototype or use cases, you must not miss out on it.
5G
High-speed internet is the need of an hour. Irrespective of industry or profession, access to uninterrupted and fast wireless internet ensures efficiency and quality work. That’s why people all across the globe are looking forward to the availability and adoption of the 5G network.
Driven by the Asia-pacific market, 5G networks are now available in different US cities, including Denver, Dallas, Los Angeles, Houston, New York, and more. Moreover, the 5G penetration by the population in North America is expected to increase to 115% by 2025.
There are different ways in which you can invest in 5G. For instance, you can invest in a wireless carrier that enables you to strengthen the connection between consumers and businesses. Similarly, you can invest in companies offering infrastructure equipment and management services.
To Sum It All Up
Technology is the backbone of the majority of business operations. That’s why keeping up with trends and expanding your knowledge is crucial. It will ensure that you make well-versed decisions and reap immense benefits from the tech investment.
This article has been published in accordance with Socialnomics’ disclosure policy.
