In 2024, those acronyms will not be just a whim anymore. They are the real foundation of modern technological advancement, offering intriguing investing opportunities.
According to PwC, AI could contribute up to $15.7 trillion to the global economy by 2030. Hence, companies specialising in deep learning and GPU innovations are key players in this space, offering a glimpse into a future where AI and ML are ubiquitous.
Renewable Energy
The shift to clean energy is not just a trend but a necessity. The International Energy Agency (IEA) projects renewable energy to account for over 42% of global electricity generation by 2024. Companies focusing on solar and wind energy are leading this transition, reflecting the increasing demand for sustainable energy solutions.
Cybersecurity
We cannot deny that our world has become extremely digitized, and cybersecurity is paramount.
Speaking about the numbers, the global cybersecurity market is expected to grow almost 2.5 times from $318.2 billion in 2018 to $812.6 billion by 2025, as reported by Grandviewresearch.com. Companies specialising in cybersecurity solutions are at the forefront of addressing evolving security challenges
HealthTech
The fusion of technology and healthcare, known as HealthTech, is revolutionising the healthcare industry and the way we approach wellness and medicine. The global HealthTech market could reach $657 billion by 2025, according to Statista. Companies driving this transformation are making healthcare more accessible and personalised.
Investing in technology is as much about understanding the present as it is about anticipating the future. While the allure of quick gains from trendy stocks can be tempting, the true art lies in recognising those companies and sectors poised for exponential growth.
Source: pwc.com, grandviewresearch.com, statista.com
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