4 big tech trends for 2021
Do you know which tech trends you should be looking out for in 2021? We reveal our top 4 picks here.Updated: Jul 06, 2020 14:09 IST
The tech industry is constantly evolving in a chain reaction of rapid technological developments. No matter where you are based in the world, it is nearly impossible to escape the way new technologies are reshaping everyday life. So, how will your work and personal life be changed by technology in the next 12 months?
Here are four top tech trends that you should be looking out for.
1) Edge Computing
Cloud computing and the cloud are now an omnipotent part of everyday life. But now that cloud computing is no longer an emerging technology, we can look to edge computing for the next big leap forward. Edge computing is a concept that has quickly spread from the mobile and telecom sector to almost all industries. Edge computing is much more advanced than the Cloud and involves bypassing the latency that exists with cloud computing. According to reports, the global edge computing market is set to be worth $6.72 billion by 2022, with blue chip companies such as Microsoft investing billions more into the rapidly emerging edge computing revolution.
2) Artificial Intelligence
Artificial intelligence is already well known, but is yet to become omnipresent in every single part of our everyday lives. In 2021, we expect AI technologies to grow exponentially and feature within nearly all tech products and services. According to AI investor and philanthropist Tej Kohli, AI has at least four times as many applications as the Internet, and so the AI economy could eventually be worth $150 trillion. Despite prominent technologists such as Elon Musk voicing concerns about some of the risks of AI, it is already widely used to predict maintenance and assess risks. But with potential applications in every single industry, 2021 could be the year that AI finally comes of age.
3) Augmented Reality
Another tech trend that we should look out for in 2021 is augmented reality. Many people have already heard of or tried out virtual reality, but don’t have much knowledge of what augmented reality means. As augmented reality becomes more mainstream, we expect to see more businesses use this in their marketing strategies. And as the world adjusts to the limitations of a post- coronavirus world, AR may play a greater role in our everyday interactions. Gaming companies are already using AR extensively, with some in the e-sports sector predicting a future of vast augmented reality stadiums filled with fans watching the live AR action as it unfolds. AR investor Ryan Wang has predicted a significant growth in AR. Digi-Capital’s AR/VR Analytics Platform tracked $4.1 billion of AR investments in 2019, the third-highest virtual reality investment and augmented reality investment year on record.
Many people might be surprised to hear that cybersecurity has made it to our list of the top tech trends to look out for in 2021, but it definitely deserves its spot. Cybersecurity now dominates the priorities of every organization as they adapt to a post-COVID 19 world. Remote workers’ identities and devices are the new security perimeter and cybersecurity technology is constantly evolving in line with hackers who are becoming ever more advanced. Cybersecurity investor Nazo Moosa is one of Europe’s most prominent cyber security investors and predicts rapid growth. Reports suggest that the global cybersecurity market is currently worth $173B in 2020, and will be worth $270B by 2026. Jobs in this industry are also growing 3x faster than any other jobs in the world of tech, so look out for cybersecurity tools becoming more present in your everyday work and home life in 2021.
Disclaimer: This is a company press release. No HT Group journalist was involved in the creation of this content.