Before we delve into the list of the emerging industries worth your time and money, let's dispel the contentions around the opportunities.
It's pretty easy to evade any talk of emerging industries. Perhaps you are scared they might be scams.
Or maybe you already have a proven strategy and business that fetches you 6figures monthly. So, why bother?
Well, you might be misunderstanding the point of investments and emerging opportunities. They are ways to diversify and grow your income for the future.
And if there is anything we learned from bitcoin, it is this: the earlier you invest in emerging markets, the better your yields. Imagine buying bitcoin when it was 9cents in 2010!
Say you bought $100 bitcoin in 2010; that would be approximately 1,111units. Imagine selling that today!
At $39,237.95 per unit, your 1,111 coins will be worth $43.5M today. Just imagine that!
Nevertheless, we understand the doubts about investing in emerging industries. But you can overcome the fear through informed decisions.
In particular, invest in emerging technology proven by statistics and backed by industry leaders. Don't know where to start?
This article contains some hot leads. Check the list of emerging industries below:
Crypto
Crypto is undoubtedly the "biggest" elephant in the room. The coins and their blockchain derivatives have taken all of us by storm.
FYI, crypto started to avoid banks' rigid systems. As a result, several institutions and (even countries) were initially against it. Funnily enough, most of the naysayers are believers now.
According to Blockdata, 13 of the largest banks are responsible for a $3B investment in a crypto market worth $2T. Overall, 55% of leading banks are investing in blockchain-related companies.
Image Credit
Beyond banks, nations are now adopting crypto as a legal tender. Since El Salvador in 2021, countries like the USA, Canada, and Israel now widely accept cryptocurrency as a means of exchange.
Bottom-line: crypto is a booming industry, and it's still growing. And now, it has sections beyond coins (like NFTs) that are booming.
So, you don't necessarily have to be an expert in coins to tap into the blockchain market. Even a digital artist, musician, or anyone can create an NFT art and explore the crypto world.
Overall, here are the parts of crypto to invest in:
- Bitcoin - remains the "biggest" coin yet. Plus, there are regulations in place to reduce its volatility.
- Ether - after bitcoin, ether is a big deal. Plus, its Ethereum technology is crucial for NFT exchange.
Artificial Intelligence (AI)
After crypto, the second popular emerging technology is AI. In fact, we will say AI is the most popular because it's virtually everywhere.
Every industry (mostly tech, agriculture, real estate, and medicine) uses AI to automate their task. There's even AI content for digital marketing!
Though AI might be a quiet background player, its importance is well-known. So much so that the AI industry is worth $93.5B in 2021. Beautifully enough, the value of AI will continue to increase as technology and automation become the center of organizations.
Specifically, Grand View Research estimates that the AI market will grow to $190.61B in 2025. That is a huge investment opportunity!
Beyond investment, you can even adopt AI for your business. For example, you can use AI tools to design your marketing ads, automate when you post them, and follow up with your prospects until they make a sale.
On the other hand, if you're looking to buy stocks in one of the AI leading technologies, here are our top recommendations:
- Palantir Technologies Inc. - is one of the mainstays of government agencies like the CIA, FBI, and top organizations such as IBM.
- DocuSign, Inc. - has over 1B users. And many of the users include fortune 500 companies.
Also read: 3 Banner Ad Best Practices (And 1 Easy Shortcut)
Internet of Things (IoT)
Be it for AI or crypto - we all want to run our tasks on superfast devices that are almost synchronized. In other words, we crave "smart devices."
For that purpose, no other industry comes close to IoT. Though relatively new, this emerging technology is attracting raves, especially in the electronics and home appliances market.
Now more than ever, we have "smart" fridges, TVs, and even lighting systems. Everything around us can connect with our mobile for easy and fast access.
In short, life is at the snap of our fingers. And in just a few clicks, we can have control or have anything we need. With such importance to basic living, IoT is dear to our existence. That is why it is worth $388B in 2019.
Image Credit
And according to Statista, the market value of IoT will rise to over $1T. That's almost three times the value now!
When you consider that IoT is less technical than AI and crypto, it is an emerging industry you should explore. While you're at it, check out these IoT leaders:
- Cisco Systems,
- Dexcom, and
- Impinj
Cloud Computing
Since the pandemic, the economy has been friendly to freelancers. Almost everyone has a freelancing gig on the side or has transitioned to the gig economy full-time.
However, all that freelancing won't be possible without cloud computing. Specifically, the exchange of files, storage, video conferencing, and voice calls require massive cloud storage.
Such needs make cloud computing a necessity for businesses globally. And with the prominence of platforms such as Zoom, cloud computing shows more promise than ever.
About "promise," the global cloud computing market is worth $368.97B in 2021. Yet, Grand View Research estimates that the industry will grow annually by 15.7% from 2022 to 2030.
Image Credit
Our one cent: there is no better time to invest in cloud computing than now. As freelancing, AI, data analytics, and IoT grow, so will the prominence and value of cloud computing.
Pro tip: if you're out to buy stocks in cloud computing, ensure you consult web development experts. Nevertheless, Zoom and Salesforce are great places to start.
Cybersecurity And Clean Technologies
With the growing importance of setting shops online, even for small businesses, crucial data has never been at the mercy of vicious cyber-attacks.
Now, payment channels that often store card details could be hacked. Worse, websites could be cloned to exploit consumer data.
You might argue about reducing the malicious attacks with content management systems (CMS). But even with the best CMS for your business, how about your email and e-signature?
Mind you, the hackers also grow in knowledge. Hackers aside, your data is susceptible to viruses. In other words, everything online (from crypto and cloud computing to IoT) needs an extra layer of security.
Bottom-line: the cybersecurity market will keep growing to meet the new demands to safeguard businesses from bankruptcy.
And while the cybersecurity space works closely with AI and IoT systems, it is a valuable industry. According to a 2018 Gartner Research, the market size of information security will reach $170.4B in 2022.
Beyond 2022, the cybersecurity market will continue to expand. As long as individuals, businesses, and corporations need security, your investment in cybersecurity will always grow.
To understand the investment opportunities and returns in cybersecurity, check these companies:
- CrowdStrike Holdings
- Fortinet
- Tenable Holdings
Another similar industry to cybersecurity is clean and sustainable tech. As much as you're securing businesses, you should also consider the impact on the environment.
Starting with resources for the technology, does the extraction affect the environment? More importantly, what impact will the technology have on its users?
For technologies that can prove their sustainability, investors will rally behind them. You should follow suit too. But don't do so because you're a bandwagon.
Instead, invest in green and safe technologies because the market is backed by a $2.5T value (according to Smart Prosperity leaders Initiatives).
Biotech
Cloud computing isn't the only industry to emerge from the Covid-19 pandemic. The biotech space also gained prominence since the pandemic primarily affects health.
In particular, vaccine technologies were improved for Covid-19 vaccination. Since then, industry leaders have identified the market opportunity in the vaccine space.
Mind you, no one is going about wishing for another pandemic. Nonetheless, investing in a life-saving market valued at $497B in 2020 is a no-brainer.
Unfortunately, there will be future needs to curtail outbreaks. In other words, the biotech market will grow. According to Global Market Insights, we can expect a biotech market value to reach $950 in 2027.
However, if you need more evidence that biotech is one of the emerging industries, check the worth of the companies:
- AbbVie
- Moderna
- Pfizer
Real Estate
Moving away from the "techie industries," real estate has always been (and will continue to be) a golden investment opportunity. After all, shelter is one of the basic needs of man.
Nevertheless, we understand that the economic crisis in 2022 might have left you wondering if real estate is still a thing in 2022. Well, it is!
Besides, there are several low real estate loans now. In other words, you can purchase properties with such loans and lease them out for higher profits in the long run.
However, you might want to act fast. Mortgage stimulus packages are often short-lived. Regardless, real estate remains a handsome investment industry.
More so, the industry value stands at $9.5B in 2021. And Statista projects that it will increase to $14.6 in 2030.
Verdict
Overall, we understand that emerging industries and their stocks can be volatile. As a result, they might show several price instability. But don't fret!
With time, there will be stability, and the emerging industries will grow to become the big giants around. But before that happens, may hay while the sun shines!
Last note: as a freelancer, you can create services around emerging industries. With time you'll establish thought leadership and leverage the opportunities.
Download