The business world is constantly changing and evolving. What was once a profitable idea ten years ago may not be garnering great results now, and vice versa. While certain sectors have risen from the ashes, others have fallen by the wayside. This is why, when looking to invest, it is extremely helpful to have a good understanding of which industries are currently booming and which are not. In this article, we outline five of the best areas of investment for 2021.
It’s no surprise that Artificial Intelligence tops this list, having been a major player in the field of technology for quite some time now. The possibilities of AI are endless, from increasing business productivity to enhancing customer service and pioneering useful tools for just about every one of the world’s major companies. In 2020 the industry was valued at a whopping $62.35 billion with an expectation to grow 40.2% annually until at least 2028. For this reason, AI is undoubtedly a smart area of investment nowadays.
Virtual Reality is a huge buzzword when it comes to popular tech trends and also a great opportunity for investment in 2021
Virtual Reality is another huge tech trend that many people are commonly interacting within today’s market. VR mainly presents itself in the world of video games, where arcades provide out-of-this-world immersive experiences for interested customers. Additionally, the mainstream selling of top headsets from brands like Oculus and Valve Index have made VR assisted gaming a reality for many. Although it is extremely popular with top-selling first-person shooter titles, the technology is set to become even more popular in other gaming worlds as well as it advances.
In the online casino industry, VR solutions are exciting tools that allow players to be transported right onto the casino floor just as they would be in real life. For example, a classic casino game such as roulette which has already given players remote access on a PC or mobile phone can be taken to the next level with VR technology. An emerging business that is an exciting way for players to have more immersive gaming experiences, VR has since adapted itself into countless industries from healthcare to manufacturing, education, and tourism. Herein lies the reason why it is such a popular category of investment.
In what industry will your next big investment be?
There are many things that could be said concerning the beneficial aspects of the cloud computing market in today’s world. Nowadays, the industry is becoming even more technologically advanced with major solutions for big and small businesses particularly advantageous to employees and employers in remote work settings. With the cloud, an organization’s workforce is able to share important files and data with one another at the click of a button, guaranteeing that teams stay connected and informed even when working worlds apart. As the data centres of these major cloud operators expand their reach, especially in huge markets like Europe, more advanced developments are not far off. With that being said, the time to invest is now.
The demand for renewable energy resources is higher than it has ever been. Even on a global scale, people are looking for alternative solutions to energy and putting less of an emphasis on traditional forms of electricity. A market that is expected to reach $1,512.3 billion by the year 2025, green energy industries are already experiencing a heightened interest in investment opportunities as more and more people see its great long-term impact.
Last but not least, cyber security is an industry that is needed across many different sectors as technology influences the operations and stability of leading businesses worldwide. After all, it isn’t a stretch to say that a huge part of daily life exists in the digital world nowadays. From googling random information to carrying out bank transactions, social media scrolling, and catching up on office work, cyber threats are almost always lurking. As time moves on and new tech innovations are introduced into an already tech-saturated world, we can expect the cyber security industry to grow its influence even further.