0:00 I’m going to tell you the 15 fastest growing industries of the future. 0:03 I’ll briefly describe each industry and tell you how huge they’re projected to become 0:08 according to some reputable research companies. And we’re starting right now. 0:12 1. Renewable Energy Renewable energy is energy from a 0:16 source that is not depleted when used. Examples are Solar, Wind, Biomass, and Hydroelectricity. 0:23 According to Allied Market Research, the global renewable energy market 0:27 will grow from $928 billion in 2017 to $1.5 trillion by 2025. 0:34 2. Internet of Things (IoT) The Internet of things (IoT) describes the network 0:38 of physical objects or ‘things’ that are embedded with sensors, software, and other technologies 0:43 for the purpose of connecting and exchanging data with other devices and systems over the internet. 0:48 Smart homes are a great example where air conditioning and security systems 0:52 can be interconnected. These devices can be remotely operated 0:56 or they can work automatically for certain functions. 0:59 According to Grand View Research, the Internet of Things industrial market is projected to grow 1:04 from $264 billion in 2021 to $1.1 trillion in 2028. And the Internet of Things retail market 1:12 will grow from $36 billion in 2021 to $182 billion in 2028. 1:18 3. E-learning E-Learning is by far, 1:20 the fastest growing industry of the future. 1:20 Online learning makes it easier than ever to learn about any topic you want from experienced 1:25 professionals, online learning marketplaces, and educational institutions all over the world. 1:30 The total e-learning market size was over $250 billion in 2020 1:35 and is expected to grow to $1 trillion by 2027. 1:39 4. Artificial Intelligence (AI) Artificial intelligence and machine 1:43 learning will eventually impact every industry over the next several years. 1:47 They basically help us automate decision-making and problem solving in specific situations. 1:52 The artificial intelligence market will grow from $94 billion in 2021 to $998 billion in 2028. 2:00 5. Cloud Computing Cloud computing helps 2:03 organizations process data, store data, automate decision making, lower IT costs, 2:09 and reduce the need for hardware purchases and maintenance. 2:12 The global cloud computing market will grow from $266 billion in 2020 to $766 billion in 2027. 2:22 6. Drones Drones come 2:24 in various shapes and sizes depending upon their function, usability and cost. 2:29 The global commercial drone market will grow from $21 billion in 2021 to $501 billion in 2028. 2:36 7. Blockchain Technology Even though blockchain technology 2:40 came into existence with Bitcoin, blockchain has a far-reaching potential 2:44 outside of cryptocurrency. Basically, blockchain is a shared database 2:49 that allows multiple parties to access data and verify that data in real time. Blockchain will 2:55 dramatically affect industries such as healthcare, real estate, finance, and entertainment. 3:00 The global blockchain technology market 3:02 will grow from $6 billion in 2021 and to $395 billion in 2028. 3:08 8. Cyber Security 3:10 With the increased use of the internet for a large range of business functions, 3:14 the demand for protecting sensitive information is higher than its ever been. 3:17 The global cyber security market will grow from $180 billion in 2021 to $372 billion in 2028. 3:25 9. Nano Technology Nanotechnology 3:29 is concerned with building materials on the scale of atoms and molecules. 3:33 Nanotechnology is expected to revolutionize 3:36 the medicine, aerospace, body armor, solar panel, and food industries. 3:41 The global Nanomedicine market will grow to $351 billion in 2025. 3:47 But the global nanomaterials market is still in its infant stage 3:51 and is only expected to grow from $10 billion in 2021 to $23 billion in 2027. 3:58 10. Augmented Reality Augmented reality is an experience where 4:02 designers enhance parts of users' physical world with computer-generated input. Smartphones, smart 4:09 glasses, and other handheld and wearable devices will provide the bulk of these experiences. 4:14 Augmented reality is expected to take off in the manufacturing, 4:18 healthcare, and education industries. 4:20 The augmented reality market will grow from $27 billion in 2021 to $340 billion in 2028. 4:28 11. Robotics 4:29 Robots are widely used in the automobile industry and manufacturing processes of other industries. 4:35 It’s also being increasingly used to perform surgery in the healthcare industry. 4:40 According to Statista, 4:41 the global robotics market will grow from $132 billion in 2021 to $209 billion in 2025. 4:50 12. Virtual Reality As you know, 4:52 virtual reality simulates lifelike situations. Real life use cases 4:56 include gaming, social networking, education, and on-the-job training. 5:01 The global virtual reality market will grow form $22 billion in 2021 to $67 billion in 2028. 5:08 13. 3D Printing 3D printing is the 5:11 construction of a three-dimensional object from a digital 3D model. 5:16 Most industries that involve manufacturing are expected to be affected by 3d printing. 5:20 The global 3D printing market will grow from $17 billion in 2021 to $63 billion in 2028. 5:28 14. Genomics Genomics is 5:31 an interdisciplinary field of biology focusing on the structure, function, evolution, mapping, 5:36 and editing of genomes. A genome is an organism's complete set of DNA, including all of its genes. 5:42 The most common application of genomics is to understand and find cures for diseases. 5:47 The global Genomics market will grow from $24 billion in 2021 to $63 billion in 2028. 5:54 15. Data Science All organizations generate huge 5:58 amounts of data in the form of documents, text, audio, video, images, and so forth. Data Science 6:04 involves using prediction algorithms to help those organizations make better decisions faster. 6:09 And more and more companies are buying data science software 6:12 and platforms to automate all of this. 6:15 The global data science platform market will grow from $5 billion in 2020 to $26 billion in 2027. 6:23 Thanks for watching. For more helpful insights about these industries, 6:26 make sure to watch the videos next to me.
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