As the world embraces technology, staying up-to-date with the latest trending technologies is becoming increasingly important for individuals and organizations.
With the rapid pace of technological change, it’s crucial to be aware of the latest trends and emerging trending technologies that could shape the future.
These top technologies can help individuals stay competitive in the job market and equip them with the skills to drive innovation and growth.
Here, we present the top 10 trending technologies to learn in 2023 that experts expect to trend.
Table of Contents
Top 10 Trending Technologies to Learn
In 2023, several trending technologies will gain momentum and shape the technological landscape.
Here are the top 10 trending technologies to learn in 2023:
10. Extended Reality
It is a technology that enhances reality by merging digital content with the physical world, creating a new reality that goes beyond what is possible with traditional displays.
Technology legends like Google, Samsung, and Apple are looking for extended reality experts.
They demand professionals in this domain to substantially boost the average salary from $68,000 to $102,000 Annually.
A report states that the global market of Extended reality is set to grow. $26 billion in 2020 to as high as %397 billion by 2026; the best thing is a CAGR of 57.97%
9. Edge Computing
Generally at the network’s edge or near the data source.
Edge computing aims to reduce latency, bandwidth usage, and response time by processing data locally rather than sending it back and forth to a centralized cloud server.
In edge computing, devices such as sensors, smartphones, IoT devices, and autonomous vehicles can perform data processing and storage tasks locally, enabling faster response times and reducing the load on the cloud infrastructure.
Edge computing is a promising technology that can benefit significantly by enabling fast, secure, and efficient data processing and storage at the network’s edge.
Edge computing is estimated to reach $101.3 billion with a CAGR of 17.8%.
As thinking in the job market, big names like Amazon, HP, and IBM hire edge computing experts for an average salary estimated at $170,000 per Annum.
8. 5G and Wifi 6
5G is the 5th generation of cellular network technology that operates in a range of frequencies, including sub-6 GHz and mmWave bands.
And that can deliver peak download speeds of up to 20 Gbps.
5G supports massive machine-type communication, ultra-reliable low-latency communication, and enhanced mobile broadband services.
5g network will have more than 1.7 billion global customers by 2025; according to the GSM Association, the major players like Samsung, CISCO, and NOKIA, among others,
The worldwide market for 5G is also anticipated, with a CAGR OF 67.1% propelling trending technologies like IoT and virtual reality into mass production to the public.
Wifi 6, also known as 802.11ax, is the latest version of the wifi standard that offers higher data rates, increased capacity, and improved performance in high-density environments.
Wifi 6 operates in the 2.4 and 5 GHz frequency bands and can deliver peak data rates of up to 9.6 Gbps.
It is expected to grow from $11.5 billion in 2022 to %26.2 billion dollars by 2027 with a CAGR of 17.9%
7. Blockchain
A network of computers maintains a shared, decentralized database through the use of blockchain technology.
However, blockchain technology has potential applications beyond cryptocurrencies, such as supply chain management, digital identity, voting systems, etc.
One of the features of blockchain technology is its decentralization, which means that no single entity has control over the data stored on the blockchain.
It makes it resistant to hacking, as any attempt to tamper with the data would compromise many network nodes.
Companies use blockchains like HSBC, BARCLAYS, Walmart, and Pfizer. The market evolution of blockchain is expected to reach $19.9 billion with a CAGR of 42.8% with a rise of NFT.
6. Cybersecurity [Digital Trust]
With the increasing reliance on technology in our personal and professional lives and growing dependence on trending technologies.
Cybersecurity has become a severe worry for individuals, organizations, and governments.
These measures can include software and hardware solutions, like antivirus software, intrusion detection systems, and firewalls, as well as implementing policies and procedures to protect data.
They can also involve training employees to recognize and respond to cyber threats.
Few of the best cybersecurity companies like CISCO, Microsoft, McAfee, and IBM. the global cybersecurity market is expected to reach $31.82 billion by the end of 2023 with a CAGR OF 15.2%.
5. Robotics and Automation
Robotics involves designing, constructing, and operating robots that can perform tasks autonomously or with limited human intervention.
Robotics and automation have many applications across industries, from manufacturing and logistics to healthcare and agriculture.
Robots and automated systems can work faster and more consistently than humans, leading to faster production times, reduced errors, and cost savings.
Some companies actively work, like Boston Dynamics, universal robots, and some core robotics skills you need to possess, like Python, Matlab, problem-solving mathematics, and machine learning.
A global robotics market is estimated to reach $70.84 million by the end of 2023 with a CAGR of 10.5%
4. IoT Internet of Things
The Internet of Things allows them to collect and exchange data.
The IoT has many applications across industries, from healthcare and transportation to manufacturing and agriculture.
IoT devices can monitor patient health and collect data on medical devices in healthcare. IoT devices can track vehicles, optimize routes, and monitor traffic in transportation.
In manufacturing, IoT devices can monitor equipment and optimize production processes. IoT has ferms in improving customer service, streamlining operations, and increasing profits.
IoT devices are influencing by almost 31% yearly and 30 billion devices by 2022. Mindtree, IBM, GE Digital, and Verizon are a few companies getting more IoT involvement.
The top skills in IoT are machine learning and AI, Python, Javascript, Big data, and Node.js.
According to reports, it is estimated that the global IoT market will reach up to $556.4 billion by the end of 2027, with a CAGR of 6.7%.
3. Quantum Computing
It allows quantum computers to perform calculations much faster than classical computers.
Several industries, including cryptography, materials research, drug development, and machine learning, stand to benefit from quantum computing.
Noise and environmental factors easily disrupt quantum systems due to their extreme delicacy.
Furthermore, quantum computers require specialized hardware and software, and developing algorithms for quantum computers is complex.
Big names like Microsoft, Google, IBM, and Intel are in the race to build quantum computing tools.
You must know programming, mathematics, mechanics, scientific computing, and algorithms to learn quantum computing.
Reports state that the quantum computing market raised to about $411.4 million by 2026 with a CAGR of 24.2%.
2. Proof of Work and Proof of Stake
The original consensus mechanism used in the Bitcoin blockchain is Proof of Work.
One must solve tricky mathematical riddles to confirm transactions and add fresh blocks to the blockchain.
Miners employ specialized equipment to perform these computations and receive bitcoin as a reward for their efforts.
Proof of Stake is a relatively recent consensus technique gaining traction in blockchain networks like Ethereum.
In PoS, validators hold a stake in the network’s cryptocurrency instead of miners and are selected to validate transactions and add fresh blocks to the blockchain-based on their stake.
To get excellence in this technology, we need to be proficient in at least one high-level programming language, have a solid grasp of cryptography and security principles, and know about smart contracts and data structures.
According to statistics, it is estimated that the market value of $69 billion by the end of 2030.
1. AI and AI as a Service
It is capable of doing activities that generally require human intellect, such as speech recognition, visual perception, decision-making, and language translation.
AIaaS allows businesses and organizations to access AI capabilities without investing in expensive hardware and software.
Some examples of AIaaS include natural language processing, image recognition, and predictive analytics services.
Businesses and organizations must ensure their AI systems are transparent, explainable, and ethical.
However, there are also challenges associated with AI and AIaaS, including data privacy and bias concerns.
AI systems are only as great as the data they are trained on, and if the data is biased or incomplete, the AI system may produce biased or inaccurate results.
Some top companies using AI as their core technologies include google, amazon, apple, and Microsoft.
Experts project that the market value of AI will reach $42.4 billion with a compound annual growth rate (CAGR) of 29.7%.
Wrapping Words
In 2023, the top 10 trending technologies to learn are expected to be a mix of emerging technologies and those already established but evolving rapidly.
If you want to remain on the cutting edge of technology in 2023 and beyond, these are the top 10 technologies you should focus on.
Let’s embrace the future by learning these top technologies!
