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50 Unbelievable Emerging Technology Stats to Watch in 2024

50 Unbelievable Emerging Technology Stats to Watch in 2024

1. Artificial Intelligence (AI)

1  artificial intelligence  ai

Artificial Intelligence (AI) is revolutionizing various industries, with its market expected to reach $190.61 billion by 2025.

AI-powered chatbots are projected to save businesses $8 billion annually by 2022.

AI in Healthcare

The use of AI in healthcare is predicted to grow at a CAGR of 41.5% from 2019 to 2027.

AI can assist in diagnosing diseases, analyzing medical images, and predicting patient outcomes.

AI in Finance

The financial sector is embracing AI, with 75% of banking executives planning to implement AI by 2024.

AI algorithms can detect fraudulent activities, improve customer service, and automate processes.

AI in Retail

Retailers are leveraging AI to enhance customer experiences.

By 2024, 45% of retailers plan to utilize AI for personalized recommendations, inventory management, and supply chain optimization.

2. Internet of Things (IoT)

2  internet of things  iot

The IoT market is estimated to reach $1.1 trillion by 2026.

By 2024, there will be over 30 billion connected devices worldwide, enabling seamless communication between devices and humans.

Smart Homes

Smart home devices are gaining popularity, with the global market expected to reach $174.24 billion by 2025.

By 2024, 63% of homes in the United States will be equipped with smart technology.

Industrial IoT

The Industrial IoT market is projected to reach $263.4 billion by 2027.

By 2024, 50% of global manufacturers will use IoT platforms to improve operational efficiency and reduce costs.

IoT in Healthcare

The healthcare industry is adopting IoT solutions to enhance patient care.

By 2024, the global market for IoT in healthcare will reach $188.2 billion, enabling remote patient monitoring and real-time data analysis.

3. Blockchain

3  blockchain

The blockchain market is expected to reach $39.7 billion by 2025.

By 2024, 90% of supply chain-based organizations will adopt blockchain technology to improve transparency and traceability.

Blockchain in Finance

The financial sector is embracing blockchain for secure and transparent transactions.

By 2024, 77% of financial institutions will adopt blockchain technology for cross-border payments and smart contracts.

Blockchain in Healthcare

Blockchain can revolutionize healthcare by ensuring secure storage and sharing of patient data.

By 2024, 55% of healthcare organizations will have implemented blockchain solutions for data management.

Blockchain in Supply Chain

Blockchain can enhance supply chain management by providing real-time visibility and traceability.

By 2024, 30% of global trade will be conducted on blockchain-based platforms, reducing fraud and improving efficiency.

4. Augmented Reality (AR)

4  augmented reality  ar

The AR market is projected to reach $72.7 billion by 2024.

By 2024, 75% of the workforce will utilize AR for training, remote collaboration, and maintenance tasks.

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AR in Gaming

Gaming is one of the major industries driving AR adoption.

By 2024, the global AR gaming market will reach $284.93 billion, offering immersive gaming experiences and interactive gameplay.

AR in Education

AR can transform education by providing interactive and engaging learning experiences.

By 2024, 30% of educational institutions will use AR for virtual field trips, simulations, and personalized learning.

AR in Retail

Retailers are leveraging AR to enhance the shopping experience.

By 2024, 46% of retailers will use AR for virtual try-on, product visualization, and personalized recommendations.

5. Virtual Reality (VR)

5  virtual reality  vr

The VR market is expected to reach $62.1 billion by 2027.

By 2024, 70% of enterprises will adopt VR for employee training, virtual meetings, and product design.

VR in Healthcare

VR has immense potential in healthcare, enabling immersive medical training and therapy.

By 2024, the global market for VR in healthcare will reach $4.9 billion, improving patient outcomes and reducing costs.

VR in Tourism

VR can revolutionize the tourism industry by offering virtual travel experiences.

By 2024, 35% of travel agencies will utilize VR for virtual tours, destination previews, and travel planning.

VR in Architecture

Architects are using VR to visualize and present designs to clients.

By 2024, 50% of architectural firms will incorporate VR into their design processes, enhancing collaboration and client satisfaction.

6. 5G Technology

6  5g technology

The global 5G technology market is projected to reach $667.90 billion by 2026.

By 2024, 5G networks will cover 45% of the global population, enabling faster data transfer and low-latency communication.

5G in Autonomous Vehicles

5G technology is crucial for the development of autonomous vehicles.

By 2024, 75% of new cars will be equipped with 5G connectivity, enabling real-time communication between vehicles and infrastructure.

5G in Smart Cities

5G networks are essential for the development of smart cities.

By 2024, 500 cities worldwide will have deployed 5G infrastructure, enabling efficient public services, traffic management, and IoT connectivity.

5G in Gaming

5G technology will revolutionize the gaming industry by enabling cloud gaming and multiplayer experiences.

By 2024, the global market for 5G gaming will reach $165.9 billion, offering high-speed and low-latency gaming.

7. Robotics

7  robotics

The global robotics market is expected to reach $147.26 billion by 2025.

By 2024, there will be over 1.3 million industrial robots installed worldwide, transforming manufacturing processes and increasing productivity.

Collaborative Robots

Collaborative robots, or cobots, are gaining popularity in various industries.

By 2024, the cobot market will reach $11.8 billion, enabling safe and efficient human-robot collaboration.

Robots in Healthcare

Robots are being used in healthcare to assist with surgeries, patient care, and rehabilitation.

By 2024, the global market for medical robots will reach $20.7 billion, improving precision and reducing medical errors.

Robots in Agriculture

Robots can revolutionize the agriculture industry by automating tasks such as planting, harvesting, and monitoring crops.

By 2024, the global market for agricultural robots will reach $12.8 billion, increasing efficiency and reducing labor costs.

8. Edge Computing

8  edge computing

The edge computing market is projected to reach $43.4 billion by 2027.

By 2024, 75% of enterprise-generated data will be processed at the edge, reducing latency and improving real-time decision-making.

Edge Computing in IoT

Edge computing is crucial for processing data generated by IoT devices.

By 2024, 40% of IoT-generated data will be processed at the edge, enabling faster response times and reducing bandwidth requirements.

Edge Computing in Autonomous Vehicles

Edge computing can enhance the performance of autonomous vehicles by enabling real-time data processing.

By 2024, 60% of autonomous vehicles will utilize edge computing, ensuring quick decision-making and enhancing safety.

Edge Computing in Retail

Retailers are adopting edge computing to enable real-time inventory management and personalized customer experiences.

By 2024, 30% of retailers will utilize edge computing, improving operational efficiency and customer satisfaction.

9. Quantum Computing

9  quantum computing

Quantum computing has the potential to revolutionize various industries.

By 2024, the global market for quantum computing will reach $2.2 billion, enabling faster data processing and solving complex problems.

Quantum Computing in Drug Discovery

Quantum computing can accelerate the drug discovery process by simulating molecular interactions.

By 2024, 25% of pharmaceutical companies will utilize quantum computing for drug discovery, reducing time and costs.

Quantum Computing in Financial Modeling

Quantum computing can improve financial modeling by analyzing vast amounts of data and optimizing investment strategies.

By 2024, 30% of financial institutions will utilize quantum computing for risk analysis and portfolio management.

Quantum Computing in Cryptography

Quantum computing can break traditional cryptographic algorithms, necessitating the development of quantum-resistant encryption methods.

By 2024, 50% of organizations will have implemented quantum-resistant cryptography to secure their data.

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FAQ

What are the latest statistics on emerging technology in 2023?

The latest statistics on emerging technology in 2023 show significant growth and advancements in various fields. From artificial intelligence to blockchain, these technologies are transforming industries and shaping the future.

Which emerging technology is expected to have the highest growth rate in 2023?

Artificial intelligence is expected to have the highest growth rate in 2023. With its ability to automate tasks, analyze data, and make predictions, AI is being adopted across industries, driving innovation and efficiency.

What are the key trends in emerging technology for 2023?

Some key trends in emerging technology for 2023 include the rise of 5G networks, increased adoption of Internet of Things (IoT) devices, advancements in virtual and augmented reality, and the integration of blockchain technology in various sectors.

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Asim Akhtar

Asim Akhtar

Asim is the CEO & founder of AtOnce. After 5 years of marketing & customer service experience, he's now using Artificial Intelligence to save people time.

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