These days, many industries can shift quickly and there can be a number of new developments on a regular basis. One area that is certainly changing is the area of technology. As you likely know, technology has changed quite a bit in recent years and the rate of change seems to be continuing long-term.
As a result of this, there are some trends that you should know about to keep up to date with what’s happening in the tech industry. These four trends are AI, cryptocurrency, SaaS, and Esports. Keep reading to learn more about these four tech trends so you can stay informed about technology.
Crypto
Cryptocurrency, commonly known simply as crypto, is certainly one technology trend that you should watch. Cryptocurrency has shifted and changed quite a bit over recent years. At the moment, the cryptocurrency market is not quite as strong as it has been in the past. However, the state of the cryptocurrency market can change quickly.
Many cryptocurrency experts consider the market to be trending up. It is possible that cryptocurrency could recover strongly in 2023, although that recovery might be more likely to happen in 2024 or 2025. Regardless, cryptocurrency is resilient and it is likely that it will be able to recover and prosper. There has been a history of cryptocurrency recoveries over the years.
AI
Another technological trend that you should watch is artificial intelligence. Artificial intelligence, otherwise referred to as AI, has developed quite a bit in recent years and is now present in a number of industries. It seems likely that AI will only continue to grow in importance moving forward, as well.
AI is projected to have an expected growth rate of 37.3% per year between the years 2023 and 2030. Predictive analytics, AI for healthcare, and automated machine learning are some of the smaller trends within the larger trend of AI growth. AI affects industries such as advertising, healthcare, cybersecurity, and more. It is a good idea to look into AI to see if it could benefit you.
Saas
One more technology trend that you should keep an eye on is SaaS. SaaS is an acronym for software-as-a-service. Simply put, SaaS is a licensing model and you use it to access software on a subscription basis. With SaaS, the software is on external servers instead of in-house servers.
SaaS is also expected to grow significantly between 2023 and 2030. SaaS software is easy to debug and easy to update. Additionally, it can decrease costs for companies since the software isn’t on the licensing company’s servers, meaning the company using the software doesn’t have to spend as much on new hardware. All of these advantages have led to the trend of SaaS becoming more popular and widely used.
ESports
ESports is another technology trend that you should watch carefully. ESports is fairly simple in that it involves people competing against one another by playing video games. ESports differs from regular video game playing because ESports players are more competitive and play the game much more often than casual players.
ESports is now a massive industry. The rise of ESports is due to a number of factors, but increasing viewership of ESports events is one significant factor. ESports is only expected to grow even more. This is important to keep in mind, especially if you are interested in video games.
