Even though the pandemic slowed economic growth last year, 2020 was still a great year for tech startups. In fact, 14 US venture capital mega-funds of $1 billion or more claimed almost $27 billion, the highest in terms of both total capital and fund count since 2010. Therefore, even though the world economy is less than encouraging, technology investing is on the rise. Whether you are looking for your next new tech investment or want to know what’s currently trending, the list of the top five technologies to invest in will be very useful.
Invest in Virtual Reality
VR investments are very popular right now since experts project that the industry as a whole will be worth $16 billion by 2022, which is a significant increase from the $6.2 billion just a couple of years ago. Another reason why so many companies are investing in virtual reality is their immersive experiences. This opens the door for a wide range of possibilities, such as taking gaming to a new level, enhancing presentations, and making training more realistic. There are many ways how to invest in virtual reality depending on its application and niche it’s trying to fill. If you are currently looking for ways of how to invest in VR, you should look at the virtual reality company actually developing the product. Many people have an idea for a new product, and they are looking for companies that can make them a reality. Such companies would be a good technology investment.
Augmented Reality is on the Rise
Investing in technology like AR is also a great idea because of its wide range of applications. We first saw the use of AR in 2016 with the game Pokemon Go, but since then, it has grown to become an essential part of professionals and everyday users, making it definitely a technology to invest in. We see AR being used in areas like construction, where architects and other stakeholders can better plan out the project. AR has also quickly grown in retail to allow customers to virtually try products like makeup and clothing items. These are only some of the applications of AR, and since its role will only increase, it’s a good idea to invest in tech startups who are into augmented reality app development.
Green Technology Investments Will Produce High Dividends
Environmental concerns are constantly on the minds of corporations and consumers, explaining why clean technology investing is on the rise. Younger generations are demanding companies and governments to conserve resources that offer a lot of opportunities for tech investing since the regulatory landscape is always changing and companies are constantly playing catch up. You should invest in new technology that makes the world a better place, especially since the global market size of green technology is expected to reach $48.36 billion by 2027.
Blockchain Will Show Solid Gains
Many people have heard of blockchain but don’t know exactly how to invest in blockchain technology. One of the most popular ways today is a cryptocurrency, which is powered by blockchain and we have seen a steady rise in Bitcoin, Etherium, and other cryptocurrencies. If you are looking for ways how to invest in tech startups developing blockchain technology, there are many companies out there who are creating their own blockchains for various industrial and business purposes. In addition to startups, some of the largest companies in the world are using blockchain technology, such as Mastercard, DocuSign, AMD, and many others.
Investing in Drone Technology
The demand for drones has increased, given their popularity in the security industry. We are also seeing them used in areas like agriculture as well to monitor the growth of crops, and there is a demand for drones for military use as well. All of these factors make drones a great new technology investment, especially since a lot of companies are investing in passenger drones. If you are wondering how to invest in tech companies creating drone technology, one of the popular new segments is drone taxis or transportation. Given the increased popularity of drones, you can expect to see things like drone taxis and personal use.
You Need to Start Investing Now to See a Big Payoff in the Future
We have looked at a number of ways of how to invest in technology, and many of them require having a specific vision for the future. You need to identify current trends and what they mean for the future and use them as clues for what technology will be in demand. Even though things like AR and VR are popular even today, you still need to understand how these technologies will evolve and how they will be used in the future.
Originally published at https://skywell.software.