Future Technology Trends: Top 12 Trends in 2023 - Tech Arbiters

Future Technology Trends: Top 12 Trends in 2023

Future technology trends have remained in the highlights as every year the world is moving rapidly with new technological development. However, technological advancement has become necessary to eliminate the limitations of old technology if we look at the technology background.

Scientists and researchers are continuously working on future technology to provide extra pace to technological development.

Likewise, the features people use become boring after some time, they need change, which leads to work on the enhancement of technology.

Future technology trends always bring excitement and curiosity to the people who are fascinated by the technology field.

New features that come with the future developing technology are worth waiting to be developed. The downgrade of the technology is not possible anyway.

For instance, the transportation system has developed from animals, wheels, steam engines, electrical power, and magnets.

A new trend started in the early 20th century, let people travel by plane now has speed more than the sound speed (Ultrasonic and Hypersonic planes).

In this article, we will see the ultimate guide to the future technology trends such as the concept of technology, market values, job opportunities, and future scope.

future technology trends

1. Artificial intelligence (AI)

Artificial intelligence, also called AI, has a significant mark on the technology world. It is a new trend and has become popular in the last decade. AI has a remarkable effect on human beings, and the fact is that it is still in the beginning stage.

AI will enable machines to process information much like humans do without actually being human. They will also be able to think and reason like humans and learn from their past mistakes.

Aspects Artificial Intelligence (AI) has to deal with.
Aspects Artificial Intelligence (AI) has to deal with.

The great thing about this is that with the correct training, a computer could learn (machine learning) how to do a certain task very well without having to be told to do so.

For instance, in businesses, smart chatbots control the system to provide various services like customer care, selling guides, product info, payment process, and more.

Many industries are already using Artificial Intelligence technology for various functions, including training, diagnosing, and even healing.

In healthcare, the Artificial Intelligence concept will use to perform tasks like diagnosing and treating diseases. Surgeons may use computer-assisted surgery to perform operations in the future, which will make the operation less painful for the patient.

The growing demand and trends in Artificial Intelligence is about 39% CAGR, and approx. market value will be $20 Billion by 2027.

Additionally, In the AI and Machine learning field, job opportunities are Machine Learning Engineer, Artificial Intelligence Engineer, and AI Architect.

2. Robotic Process Automation (RPA)

Robotic process automation (RPA) is an interesting technology next on the list of future technology list. RPA is an information technology concept that makes it relatively simple to build, deploy, manage, and control software robots.

Moreover, RPE can be defined as a group of human-robot technologies that maximize the efficiency of the work performed by machines and minimize the cost of the process.

The automation techniques include tools for data management, quality control, optimization of production processes, and quality monitoring.

The tools use the source code, which is prepared by the programmer, to execute the tasks. As soon as the task is completed, the process automatically monitors the results and measures the performance of the efforts.

It becomes a priority for the companies as RPA helps to improve efficiency and cut costs, leading to better results and a positive impact on company revenue.

The growing demand for robotic process automation (RPA) is about 9.4% CAGR and the approx. market value will be $13.58 Billion by 2027. In addition, RPA will generate job opportunities like RPA Analyst, RPA Developer, and RPA Architect.

3. Quantum Computing

Move to next in the list; the third exciting future technology trend is Quantum computing. The science behind this technology is based on the theory of quantum mechanics, which states that reality can be in different states at the same time. One of these states is a superposition state, while another may be completely different.

Scientists are still trying to figure out how to put qubits in the right positions to execute the right quantum simulation programs.

Currently, many computers are already working on the experiment base. Researchers are developing completely digital computer systems.

However, Quantum computing is difficult to access for the general people. Even though we cannot see quantum computers performing actions at the molecular level, we can observe them using scientific instruments.

NASA, Intel, Cisco, and Johns Hopkins University are all currently testing quantum computing algorithms and techniques.

The market growth of Quantum computing is about 30.2% CAGR and the approx. market value will be $1.76 Billion by 2026. Also, Quantum computing will generate job opportunities for quantum computing researchers and quantum computing engineers.

4. Human Augmentation

With the advancement of science and technology, there are many applications of genetic material to enhance human growth or physical traits. Human augmentation is a rapidly growing field of study that seeks to improve human physical capabilities through technology or surgery.

Human Augmentation is a fascinating topic for those interested in how technology can help us enhance our mental and physical capabilities.

There are many ways to augment human capabilities, including nanotechnology, brainpower, genetic engineering, and advanced prosthetics and biotechnology.

All can improve upon human capabilities in various fields, including mental ability, athletic ability, cognitive ability, etc.

However, something related to the human body always creates curiosity among people. This biotechnology concept is not far to see in the wider use of medical treatments.

In addition to using traditional medical procedures to achieve augmented human capabilities, researchers have worked to find better ways to deliver implants without scarring.

The growing demand and trends in Human Augmentation are about 23.9% CAGR and the approx. market value will be $206.9 Billion by 2024.

5. Augmented reality, Virtual reality, and Mixed reality

Augmented reality (AR) means using digital information to make the real world appear as though it is real. To augment means to add something, so it is called augmented reality. Hence, in the real world, software and AI are adding digital information and making it real. For example, in the popular Pokémon go game, you can see various digital characters in real places by turning on the camera.

Virtual reality (VR) technology brings you to the virtual world, and you feel the real environment surrounding you. Hence, many companies are developing devices that people can wear with their eyes and experience to reach the virtual world.

Moreover, virtual reality (VR) will be useful in training, gaming, entertainment, and online education. The future is not far from where virtual reality drives humans to the next step in evolution.

Mixed reality (MR) is a mixture of augmented reality and virtual reality. It means you can modify the virtual world by adding digital information. MR is extending the limit of augmented reality and enhancing virtual reality at the same time.

In addition, the future of augmented reality looks to improve remarkably with the help of companies like Microsoft, Amazon, and Google.

The growing demand and trends in AR and VR are about 27.9% CAGR, and approx. market value will be $ 20.9 Billion by 2025.

6. Internet of Things (IoT)

Moving next, IoT is one of the buzzwords in the field of Information technology. It can exchange data across a network using a microchip. With the internet of things technology, data can be stored, transmit, collect, and analyze easily to any connected device.

The internet of things technology enables the collecting and analyzing of data at a lower cost. Moreover, traditional internet data collection processes require large amounts of resources and consume high amounts of human supervision.

Internet of Things (IoT)

Internet of things security is improving rapidly with the integration of new and emerging technologies. New internet of things devices is developing to handle all kinds of new business requirements.

By leveraging the power of the internet of things technology, companies can greatly increase their internal efficiency while reducing their IT budget.

The market growth of The Internet of Things (IoT) is about 10.51% CAGR and approx. market value will be $ 761.4 Billion by 2026.

IoT/Cloud Software Developer, IoT Infrastructure Architect, IoT Systems Administrator, and Test Engineer will be top IoT jobs in the future.

7. Cyber Security

Cyber Security prevents information and networks from theft, direct information disclosure, and data destruction. User information is considered one of the most powerful things in the world. Hence, cybercriminals are always trying to find new ways to attack and destroy systems.

In fact, in just the last three years, we have seen many cases of DDoS attacks, which means dropship attacks. These attacks are huge problems for businesses and individuals alike because they cause delays in delivering goods and services and can sometimes even take down entire networks.

According to the latest predictions by leading experts, the global scope of cybersecurity will grow to a whopping $ 366.10 billion market by 2028. For the past five years, cybersecurity professionals have consistently earned more than average IT professionals, and the average pay gap between them and other IT professionals is 9% at best.

Many corporations hire hackers and other professionals to prevent this kind of thing from happening. Therefore, the skills requirements to be a good information security consultant or specialist are very important.

8. Edge Computing Technology

Edge computing refers to computing on networks that are not within the bounds of the current network the user is currently using. Cloud computing offers several advantages over traditional computing: being faster, easier, and more efficient.

Although, the concept behind edge computing is not much complicated. One company will provide user access to a central server containing applications and data stored on multiple nodes.

Afterward, the company providing the edge computing services will handle all of the systems. Using edge data centers, companies gain two main advantages: improving their data security and reducing IT costs.

In addition, edge computing technology has the ability to make use of virtualization. Cloud computing often uses virtualization for this purpose, as it allows one program to run on different devices remotely.

Cloud computing can improve the overall efficiency of the system in which multiple employees are connected. Using cloud computing devices, remote employees can log onto their computers wherever they are, which means they can access important data from remote locations.

Moreover, the three tech giants Amazon (AWS), Microsoft (Microsoft Azure), and Google (Google cloud platform) are dominating the edge computing/cloud computing market. Many more companies already started adopting cloud computing over traditional computing.

The market growth of Edge computing or Cloud computing is about 38.4% CAGR, and approx. Market value will be $ 61.14 Billion by 2028.
Job opportunities for Edge computing are Cloud Infrastructure Engineer, DevOps Cloud Engineer, Cloud Architect, and Security Architect.

9. Blockchain Technology

Blockchain technology can not eliminate from the list of top future technology trends. It is a concept of public distributed ledger technology (DLT), which allows anyone who has a computer, internet connection, and some money to access an application of Blockchain technology.

A ledger is simply a collection of computer ledgers connected to track the changes in any given transaction.

These ledgers often connect to a central server and maintain by a central administrator or a group of administrators. Administrators control what information goes into each of the ledgers, which are also called blockchains.

The reason why this is important is that it guarantees privacy along with transaction security. The payment method is decentralized. Hence no authority can interfere with the transaction.

More individuals and groups will control their own money through this technology, such as digital assets and cryptocurrency.

It will lead to a more efficient and stable exchange of currency, which will ultimately benefit consumers, businesses, governments, and developers alike.

The growing demand and trends of Blockchain Technology is about 56.1% CAGR, and approx. market value will be 69.04 Billion by 2028.
Job opportunities for Blockchain Technology are Blockchain Developer, Blockchain Project Manager, Blockchain Solution Architect, and Blockchain UX designer.

10. Autonomous Driving

Autonomous Driving means there are no human controls involved in the operation of the vehicle. It will eliminate the need for any driver intervention, and full automation will be available. In the journey, vehicles make decisions automatically, which are generally made by humans.

Advanced sensor systems, intelligent algorithms, and smart control mechanisms make autonomous driving to be truly successful.

It requires a combination of a highly sophisticated system, a high-quality remote control, and highly dexterous drivers. It also needs to save the lives of pedestrians who often wander into traffic situations.

However, all of this is not only a matter of ensuring the highest safety standards possible. It is also about creating a better experience for the passengers as well.

The future of autonomous driving is probably not far off, as many experts believe we will soon see fully self-driving vehicles on the roads.

Moreover, self-driving companies are working on the concept of autonomous driving to make it regular for people. Tesla, Volvo, and Voyage are the leading autonomous vehicle companies.

Autonomous Driving technology’s growing demand and the trend is about 18.06% CAGR and the approx. market value will be $ 65.03 Billion by 2027.
Top job opportunities for Autonomous driving are Autonomy System Engineer, ADAS Algorithm Developer, and Research Engineer.

11. DARQ

The full form of DARQ is combining Distribution ledger Technology (DLT), Artificial intelligence (AI), Reality (Extended reality including augmented and virtual reality), and Quantum computing.

The DARQ will be the new upcoming trend in the modern era. DARQ has flexibility and reliability that requires in the medical sector to treat people better way.

In addition, The combination of Artificial intelligence, Quantum computing, Edge computing, and DLT will make business more efficient and safer.

Furthermore, the advancement of this technology will give high-speed internet, faster computing, and unique data encryption. It will help the companies better understand the customer requirement, and the process will follow accordingly.

According to experts, this technology will replace all current financial transaction processes. It will replace checking and routing through multiple servers, physical check deposits, and paper checks with electronic transactions processed through the ledger.

However, the potential and future scope of this technology make a place in the top future technology trends.

The tech giants are considering this technology a big future move because DARQ is like a fusion of many future technologies. The approx. market growth of the DARQ will be about 16.5% CAGR during 2022-2025.

12. 5G Network

Last but not on the list of future technology trends in the 5G network. The technology background of 3G and 4G in the mobile network is exceptional. 5G technology is considered revolutionary by integrating technologies like AR, VR, and Cloud-based services.

It is a fact that the 5G technology can change the way we use mobile networks forever. It will not be long before all modern smartphones have built in the necessary components for 5G technology.

All major network providers, including Nokia, Samsung, Motorola, and Qualcomm, are working quickly on 5G technology, intending to ensure that the future of mobile connectivity delivers true value for money.

Moreover, there is no doubt that any shift towards faster internet speeds and services will greatly impact the networking markets. The race is on between carriers to introduce new networks into the market and reap the rewards of the new technologies and applications.

One of the most significant benefits of using 5G technology in mobile devices is super-fast Gigabit speeds. It will be especially beneficial to businesses that use gaming, voice, and video conferencing services.

The growing demand and trends in the 5G network market are about 69.4% CAGR, and approx. market value will be $ 6.16 Billion by 2027.
Job opportunities in 5G networks are 5G cloud Artilect, LTE 5G Developer, and Radio Frequency Engineer.

Expected market value of the future technologies by 2021 such as Artificial intelligence (AI), Computing (Quantum computing, Edge computing), and reality (Augmented reality, Virtual reality, and Mixed reality)

To sum up, many future technology trends are currently being discussed. Various nations, groups, and researchers believe that future technology trends will significantly impact their societies and civilizations in the future.

The pace of technological development is unpredictable, but most of them steadily increased in the last decade. Technologies such as Artificial intelligence (AI), AR and VR, Edge computing, and the Internet of Things (IoT)have become widely popular and enhanced daily. While Quantum computing, Blockchain, and 5G networks take more time to be developed.

In addition, the enhancement of technology brings more job opportunities to the country. However, labor work will decrease, and technical work will increase to control automatic machines.

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