Top 10 Technology Trends To Watch Out For In 2022
Another challenging year has bid us goodbye, and we look forward to a new year filled with hope and advances. According to the research report “Digital Transformation market” published by MarketsandMarkets, the digital transformation market size is set to increase at a compound annual growth rate of 19.1%. With this rising rate, it is expected to touch an astounding figure of USD 1247.5 billion by 2026.
Yes, the persistent Covid era has provided the forward thrust, and businesses have embraced the technological transformation faster. The Covid effected market is inclined more towards the hybrid modelling of interaction, and therefore the spending in the digital and technology domain is expected to increase.
TechAmazers brings you the “Top 10 technology trends to watch out for in 2022” to keep up with the changing face of technology.
Technology Trends in 2022
The virtual online world exists at large, but the shared online platforms are separate in physical, augmented and virtual reality. Metaverse brings an end to this problem. In Metaverse, the convergence of the above three domains is brought to the fore.
The disparate online world turns into a single seamless entity, and the users can move between the different virtual worlds while retaining their identities and assets.
Some CEOs are banking on Metaverse as the next in line to the mobile internet, and the convergence will be highly anticipated. Possibly, Facebook renaming itself to Meta is its reflection on the Metaverse focus.
A quantum rise in computing will spark a revolution in technology trends. It represents a massive acceleration in computing speed and processing, and it can deliver significant advances in many industries, including nuclear energy, agriculture, pharmaceutical development, to name a few.
The world’s biggest economies and the tech giants are finding ways to incorporate these super-fast computing trends and aiming for supremacy in this domain.
Google aims to build a commercial-grade quantum computer by 2029.
Digital Currencies And Finance
There has been a growing interest in cryptocurrencies and other online payment channels, and the central banks worldwide are looking at the potential use of digital currencies. The total transaction value is expected to show an annual growth rate of 10.88% resulting in a total projected amount of USD 10,715,390 million by 2025, according to Statista.
The International Monetary Fund said in October 2021 that it is assessing the potential threats and opportunities that digital currencies bring to the table. This statement will provide the necessary impetus for businesses and governments to adopt digital finance as the essential economic tool.
The developing nations have started manifesting digital finance in their economic fold, deepening the online payment channels and setting a wave of an insurgent technological trend.
Automated Hyper Systems
Automation has reached every household in one or another way. Our daily lives are embedded with automation in different ways. Intelligent devices cleaning systems, household automation and self-driving vehicles are examples of automation technology.
It is predicted that more than half of the world will become automated in the next few years, and virtual automation will become a daily norm. As anticipated by McKinsey, more than 50 billion devices will be working on the Industrial Internet of Things (IIoT).
The automated processes are consistent and verifiable therefore helping in reducing errors and providing improved quality. More than 70% of leaders in technology have categorically mentioned that automation has helped them work efficiently and has also led to the reduction in costs by 30%
5G And Internet Of Things
These trends have already set on the scene, but 2022 could be the year of their prominent rise. The faster digital connections powered by 5G and the IoT services can tap into its vast potential and lead to the surge of the world economy.
According to McKinsey, the industries such as healthcare, manufacturing, and retail can increase the global gross domestic product from USD 1.2 trillion to 2.0 trillion by 2030.
Connectivity will become the medium for the various technological implementation and beginning trends and therefore is a powerful medium to be looked at in 2022.
The pandemic and the new digital trends make organizations look towards the global digital experiences. Computing has scaled newer heights and is looking beyond localization.
Every business plan is set around cloud strategy. The in-house resident data centres are a thing of the past, while the decentralized workplaces require more investment in cloud mechanisms.
Hybrid cloud will also be a considerable technology boost for meeting diverse companies’ needs that still require on-premises facilities. Deloitte technology trends report a highly achievable USD 640 billion cloud market by 2026
Advanced nanotechnology can repair damaged cells and be used in the next generation of vaccine delivery systems to aim the viruses at the cellular level. The combination of cybersecurity technology and biometrics can be used for multifactor authentication, including hair colour or DNA and several other biometric attributes.
The cross-pollination of the various technologies with the information technology advancements can lead to the opening of brand-new fields in research and development.
Cyber Mesh Security
Alongside the technological advancements, businesses are grappling with the issue of security threats and breaches. According to McKinsey, in 2019, more than 8.5 billion records of data were compromised.
Instead of securing the digital assets using a single attribute, organizations are moving towards a more holistic approach in securing their data records by implementing a Cyber security mesh. This security mesh uses an all-inclusive mechanism and connects the devices within its perimeter.
The data remains an asset if it can be trusted upon based on which the business intelligence is drawn; hence, the Cyber security mesh technology investment is undebated.
The need to remember complex passwords are becoming cumbersome, and the weak passwords are targeted by the elements with malicious intent resulting in more than 500 password attacks every second (more than 15 billion each year)
A passwordless future seems desirable. The passwordless sign in into the digital accounts will enhance the security aspects of countless users.
EV Charging Network Interoperability
The automobile industry is set to leap in the coming years, beginning from 2022. The Electric vehicles have already burst onto the scene, but the problem areas remain the public EV charging networks.
There are different mechanisms and access methods, accounting and payment modalities; this raises the interoperability issues and is expected to be dealt with by the EV manufacturers and their subsidiaries.
The world’s biggest EV manufacturer Tesla is opening its supercharger network, and the others are expected to follow suit. The end-user convenience and experience will be enhanced with more comprehensive charging options making the ownership more enriching.