Technology refers to the application of knowledge for the betterment of human society over a thousand years. From the creation of the telephone to the inception of modern-day smartphones. Also, with the leap from basic computers to the realm of sophisticated robots, technology has dramatically transformed the way we live, work, and play. Along with providing comfort, technology continues to open an array of job opportunities that are expanding at a rapid pace. Here, we delve into the seven latest trending technologies you need to learn to dominate the tech arena in 2023.

Dive into the World of ER: Latest Trending Technologies in Extended Reality

Extended reality covers everything that falls under augmented reality (AR), virtual reality (VR), mixed reality (MR) in short anything in between. Major industries including entertainment, marketing, and design have started leveraging the power of ER in order to find innovative ways to engage audiences and enhance user experiences.

According to the Globe Newswire, the extended reality will grow from 26 billion in 2020 to as high as 397 billion dollars by 2025. Technological giants like Google, Samsung & Apple looking for extended reality experts regularly. The demand for trained professionals in the domain has grown substantially boasting an average salary of $68000 to $102000 annually.

Fast and Reliable Connectivity: Latest Trending Technologies in 5G/Wi-Fi6

We live in a world where a massive amount of data needs to be transmitted quickly. Moreover with the increased adoption of video conferencing, meeting reliable connections and higher bandwidth. Thus, 5G/Wi-Fi6 emerged as a pivotal solution, bridging the gap and meeting these evolving needs.

Meanwhile, the worldwide market for 5G is expecting rapid growth with propelling newer technologies like IOT & virtual reality into mass production for the public. According to the GSM Association, the major players are Samsung, Cisco & Nokia among others. Wifi-6 provides improved security & high internet speed even when congested. It is also expected to grow from $11.5 billion in 2022 to $26.2 billion by 2027.

Beyond Digital Money: Blockchain Latest Trending Technologies

Blockchain is revolutionizing industries from banking to healthcare and even politics. By providing a decentralized, secure digital ledger that records and stores data across multiple locations, hence it makes tampering with data extremely challenging. Companies that use blockchain are HSBC, Barclays, Walmart & Pfizer to name a few. Blockchain developers need to know cryptography, data structure, and computer networking.

According to the reports by the end of 2023, the market evaluation of blockchain will reach $19.9 billion with a cagr (Compound annual growth rate) of 42.8% with the rise of NFT craters earning vast amounts of money.

Protecting the Digital World: Cybersecurity Trending Technologies

Several organizations have fallen prey to cyber-attacks including big names like Facebook, LinkedIn and others. The onset of the COVID-19 pandemic has triggered a rise in the number of cyberattacks across the globe, hence the field of cybersecurity holds paramount importance in present times.

A few of the best cybersecurity are Cisco, Microsoft, McAfee & IBM. Knowledge of operating systems networking and virtualization are most known in the cyber security domain. Recent reports suggest that the global cybersecurity market will reach $31.82 billion by the end of 2023.

Robotics & Automation

Robotics is an influential industry gaining momentum. From the inception of smart factories to the adoption of agile robotics and collaborative robots (cobots). Also, robotics is set to bring about significant changes in the way we operate. Some companies actively working in the fields of robotics are Boston Dynamics & Universal Robots.

Some core robotics skills you need to possess are Python, Mat-Lab, problem-solving mathematics & machine learning. The global robotics market is estimated to reach $70.84 million by the end of 2023.

IoT (Internet of Things)

Quickly becoming an integral part of our lives, IoT is a futuristic technology recognized for its social & technological marvels. IoT has aided firms in improving customer service, streamlining operations & increasing profits. As a result, Mindtree, IBM, GE Digital & Verizon are a few companies getting more involved with IoT.

IoT devices are increasing by almost 31% yearly. According to reports, there were over 30 billion IoT devices in 2022. Also, the number of active devices will be double at the end of 2023. The top in-demand IoT skills are machine learning, AI, Python, JavaScript, big data & node.js.

Machines that ‘Think’: AI Trending Technologies

Technology that has taken the world by storm ranking is AI as a service. Artificial intelligence is one of the top trending technologies today, which enables machines to think & act like humans. Furthermore, AI as a Service (AIaaS) enables individuals and organizations to experiment with AI at low costs. Some top companies using AI as their core technology such as Google, Amazon, Apple & OpenAI. The market value of AI could escalate to $42.4 billion.

Hence, Learning and adapting to these latest trending technologies could offer enormous opportunities in the evolving digital world. These seven technologies present not just opportunities for businesses, but also aspiring tech professionals to upskill and ride the wave of technological advancement. Embracing these latest trending technologies today will equip us for the world of tomorrow.

Also read: Impact of Technology in Data-driven decision making