2020 was an eventful year for the tech industry. The COVID-19 pandemic, which paralyzed many industries, helped bring technology to the forefront. With more people at home, many tech companies experienced a boom in their sales and value.
One magnificent example is the video platform, Zoom, which grew to a value of $111 billion in 2020. Cryptocurrencies like Bitcoin saw a broader utilization worldwide and increasing value that surprised many observers.The online casino industry also witnessed growth. CasinoBernie is an online casino review site that helps players find the best and most trustworthy online casino sites.
With 2020 well behind us, here are the top tech trends to look out for in 2021.
Artificial Intelligence (AI)
Artificial Intelligence, or AI, is one of the most-talked-about technological advancements in recent years. Despite long been on the tech discussion table, it is always a new trend every year. Artificial Intelligence (AI) has many potentials to change how we do things, and we are yet to scratch it.
Our smartphones make use of AI to deliver to us the best services. We have speech recognition, face detection, Google assistant, Siri, Cortona, Alexa, navigation apps, and others.
In the workforce, AI is also growing in popularity, and analysts predict it to continue dominating human resource (HR) discussions. There is a growing fear that AI will replace human resource personnel in the future. Many companies use AI to analyze candidates and make predictions. The real-time AI application is a game-changer, allowing companies to quickly analyze complex data in no time, to arrive at faster decisions.
According to Markets and Markets, the AI industry will increase in value to $190 billion by 2025. IDC researchers predict that this year (2021), the industry will grow by over $57 billion. AI developers are one of the biggest earners in the tech industry. Expect to see more job demands for AI developers and widespread technology in organizations, customer support, programming, and testing.
Virtual Reality (VR) and Augmented Reality (AR)
The whole tech industry has high expectations for Virtual Reality and Augmented Reality technologies in 2021, and rightly so. One sector that has made gigantic steps to implementing them at a cheaper level for consumers is the gaming industry. Analysts expect these technologies to revolutionize the way we play games and the experience.
The combination of Virtual Reality and Augmented Reality technologies is an eyecatching prospect for gamers. VT helps immerse them in a virtual environment, while AR makes the climate more enhanced and real. VR and AR are for gaming purposes and find application in training exercises such as military training. The VirtualShip is an example of the technologies in use to train armed forces.
With the massive strides VR and AR made in 2020, analysts expect a higher ceiling this year. Education is another industry that VR, and AR can make a lasting impact. They can provide a rich museum guide experience for visitors and train doctors on how to do surgery. There is no limit to what AR and VR can do. In 2019, approximately 14 million AR and VR gadgets got sold. Analysts predict the AR and VR market to reach a worth of $209.2 billion by 2022.
Blockchain and Cryptocurrency
The blockchain and cryptocurrency industries are two of the fastest developing ones in the tech industry. We all know about Bitcoin, Ethereum, Litecoin, and the other dozens of altcoins in the market. However, the concept of blockchain is not well known.
People assume blockchain to be another word for cryptocurrency. Blockchain refers to a system that allows you only to add data but not change or remove it. Cryptocurrency, on the other hand, refers to digital tokens that have a monetary value.
Towards the end of the year, Bitcoin began a massive stride in value, which led to more attention for it in the tech world. As the effect of COVID-19 lingers into the year, many people are turning to cryptocurrencies for investments. According to experts, blockchain is also gaining mainstream attention, and the trend will continue in 2021. Many industries are adopting it, and there is a massive demand for blockchain professionals. Blockchain technology is one of the top tech trends to look out for in 2021.
5G is the future of the internet. Say goodbye to 3G and 4G in 2021.In some countries, 5G services and applications are undergoing tests. With companies like Apple, Nokia Corp, and TMobile canvassing for 5G applications, we can expect 5G to be a reality in up to 50 countries by the end of 2021.
Technology is already changing. In 2021, we can expect to see more utilization of Artificial Intelligence, Virtual Reality and Augmented Reality, Blockchain and Cryptocurrency, and 5G Technology.