Top 5 Sectors of Tech Growth Expected to Quadruple

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According to market reports, five key technology sectors will experience a combined growth of over 400% over the next five years. These pioneers of innovation – nanotechnology, AI, digital twins, genomics, and other biotech life sciences – have attracted a combined investment of $ 892.63 billion in 2020, which is expected to grow to $ 2.44 trillion by the time. 2025.

The five main areas of technological growth

Paul Stannard, Chairman of the Vector Innovation Fund (VIF) – an international alternative investment vehicle for advancing enabling technologies globally – said:

“These top five areas of technology growth are the ones that currently illuminate investment opportunities, and we have specifically aligned our investment pipeline with them. They hold the key to solving major global challenges related to sustainability, healthcare, energy, food resources and the fair and equitable distribution of innovation around the world.

  1. Artificial intelligence

    The market is expected to grow 16-fold from $ 62.35 billion in 2020 to $ 997.77 billion by 2028 at a CAGR of 40.2%, transforming future sectors of healthcare, food , energy, transport, construction, aviation and many others. The combination of AI and nanotechnology, for example, allows platform technologies to reinvent industries during this decade.

  1. Nanotechnology

    The nanotechnology market is expected to grow from $ 54.2 billion in 2020 to $ 126.8 billion by 2027, which has enabled significant advances in the fields of medicine, electronics, environmental solutions and materials, with the potential to improve drug administration and storage procedures, and renewable energies.

  1. Biotechnology

    This is the largest and most mature market here, which is expected to grow from $ 752.88 billion in 2020 to $ 2.44 trillion by 2028 at a CAGR of 15.83% thanks to effects significant impact on agriculture, improving the nutritional value and preservation of food, minimizing waste and improving health – the latter being highlighted by the record speed of Pfizer COVID vaccine development last year.

  1. Digital twins

    A booming new high-growth tech sector, Digital Twins is expected to grow 15-fold from $ 3.1 billion in 2020 to $ 48.2 billion by 2026 at a CAGR of 58%, with the technology already widely used in the construction, energy, healthcare, automotive, and aerospace sectors, and new areas that are constantly opening up.

  1. Genomics

    The genomics market is expected to grow from $ 20.1 billion in 2020 to $ 62.9 billion by 2028 thanks to its key role in healthcare innovation and scaling patient care while by providing more data on diseases and human genetics. The World Health Organization reports that gene sequencing was essential for the rapid development of COVID-19 tests and other tools used to manage the virus outbreak.

The role of the COVID-19 pandemic

Paul Stannard added: “The acceleration of innovation since the COVID-19 pandemic is astounding – some experts say we’ve seen ten-year growth in the last 18 months of the outbreak – giving us a glimpse of even greater possibilities, especially when some of these pioneers, such as nanotechnology, genomics and digital twins are able to progress, accelerate and complement each other.

“If it is based on clever and enlightened investments, our future looks bright!


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