20 Latest Trends in Information Technology | Updated for 2024 – 2030

What Interesting Things Await For You in the Article ?

  • Simple beginner flowcharts on how the tech works
  • Updated market size data in each trend
  • Interesting video of how a self driving car works
  • Opinion of Chatgpt founder on how AI will change society
  • Images of Real world examples in AI/ Robotics
  • Data of Job market growth with roles available
  • Tips for how students, working & business professionals can navigate in these trends.

Why You Should Read Our Information :

  • Long-Standing Experience: Over 20 years in the IT domain
  • ISO Certification: Our adherence to international standards ensures the quality of information we provide.
  • Research-Driven Insights: We dedicate substantial time to meticulous research, consulting multiple credible sources.
  • Technological Pioneers: Our early adoption of emerging technologies like Blockchain, AI/ML, and IoT reflects our proactive approach to staying ahead in the IT landscape.

Here are Latest Trends in Information Technology for 2024 – 2030 (Updated)

Google Quantum Computer
Image Source: Google Quantum Computer

In 2024, one of the current trends in IT industry is quantum computing, which are notably manifesting in areas of :

  • Cryptography
  • Complex system simulation
  • Optimization problems

Furthermore, quantum computing is emerging as a linchpin in :

  • Simulating molecular structures
  • Potentially accelerating the discovery of new materials and drugs

The industry is also witnessing a proliferation of quantum alliances among :

  • Academia
  • Tech behemoths
  • Government bodies

Engagement with quantum technology requires :

  • A steep learning curve
  • The readiness to embrace a paradigm shift in computational thinking

For professionals and businesses, the quantum wave signifies a call to action to :

  • Invest in quantum literacy
  • Align strategies with quantum advancements
  • Foster collaborations to explore the quantum frontier

Careers in Quantum Computing :

Opinion of a Quantum Computing Expert:

Impact of 5G :

  • The introduction of 5G – the latest generation of wireless technology – stands out in the recent trends in IT. It significantly enhances online data transfer speeds, reduces latency, and allows a higher number of devices to connect simultaneously without compromising performance which can bring more people online & make a bigger impact in upcoming creator economy.
  • As per GSMA, 5G is poised to contribute $2.2 trillion to the global economy over the next 15 years.
  • Its impact is being felt across a myriad of sectors including healthcare, automotive, and the Internet of Things (IoT).

Anticipation of 6G :

Investments and Strategic Planning :

Policy Frameworks and International Collaborations :

Careers in 5G Industry :

  • Job Growth : Demand for 5G-related roles is surging, especially in network engineering and infrastructure development.
  • Roles : 5G Network Engineer, 5G RF Engineer, and Telecom Project Manager.
  • Employment Opportunities : Companies like Ericsson, Huawei, and Qualcomm are at the forefront, offering numerous job opportunities in 5G technology.

Here’s a simple mind map of AI world for you:

Mindmap of Artificial Intelligence sector
  • Learning
  • Adapting
  • Performing tasks that traditionally required human intelligence
  • Healthcare : aiding in early disease detection and personalized treatment plans.
  • Financial sector : employing AI-driven algorithms for fraud detection, risk assessment, and customer service enhancements.

Ethical considerations are also paramount as we advance in the AI landscape. Discussions around:

  • Data privacy
  • Bias mitigation
  • Transparent algorithmic decision-making

Careers in AI & ML:

  • Job Growth: The AI job market is expanding, with a 20-fold increase in job postings requiring generative AI skills as per monster
  • Roles: Positions such as Data Scientist, Machine Learning Engineer, and AI Research Scientist are highly sought after.
  • Employment Opportunities: Tech giants like OPENAI, Microsoft, Google, Tesla & Anthropic continue to lead in AI & ML innovation, offering numerous job opportunities in this field.

Opinion of an AI Expert:

Here’s Sam Altman (CEO of OpenAI) talking about AI changing society on Joe Rogan podcast

Real World Example of AI : Both as a chatbot & robots

chatgpt- most powerful AI LLM in 2024
chatgpt
Tesla Opitmus GEN2 revealed in 2024
Tesla optimus robot
Figure AI Robot 2024
Figure AI Robot

Here’s a simplified flow that we made for you to understand:

Flow chart of how blockchain works

What about the economic impact ?

  • PwC report suggests a potential boost to global GDP by $1.76 trillion by 2030 through blockchain applications in various fields.

Applications of Blockchain:

1. Supply Chain Management:

  • Real-time tracking of goods and transactions.
  • Enhanced transparency and reduced fraud.
  • Companies like IBM offering blockchain solutions to streamline processes.

2. Financial Sector:

  • Revolutionizing transaction methods and record-keeping.
  • Reduction in reliance on intermediaries, lowering costs.
  • Projects like Ethereum extending capabilities through smart contracts.

3. Digital Identity Management:

  • Secure and unforgeable management of digital identities.
  • Particularly crucial amid rampant data breaches and identity theft

Careers in Blockchain :

  • Job Growth: Between October 2023 and January 2024, the number of new Blockchain related jobs observed a negative growth rate of 8.42% as per global data but I believe with bitcoin halving in 2024 & the flushing of FTX scam from the market, the industry is set again for a clean sustainable growth
  • Roles: Blockchain Developer, Smart Contract Engineer, Blockchain Consultant…
  • Employment Opportunities: Companies like Consensys, Coinbase, Chainlink, Binance, Polygon & solana foundation are at the forefront of blockchain innovation, offering numerous job opportunities.

Expert Opinion on Blockchain Potential:

  • Cybercrime is predicted to cost the world $9.5 trillion USD in 2024 as per esentire. This big jump shows just how much we need to toughen up our online security on all digital platforms.
  • The emergence of Zero Trust Architecture, which operates on the principle of ‘never trust, always verify’, is gaining traction as a holistic approach to secure organizational networks.
  • Moreover, the escalation of remote working has accentuated the need for enhanced cybersecurity frameworks.

Careers in Cybersecurity :

  • Job Growth: Global cybersecurity job vacancies grew by 350 percent, from one million openings in 2013 to 3.5 million in 2021, according to Cybersecurity Ventures
  • Roles: Cybersecurity Analyst, Information Security Manager, Security Engineer etc
  • Employment Opportunities: Leading companies in cybersecurity like Symantec, Check Point Software Technologies, and McAfee are constantly on the lookout for skilled professionals.

Here’s a chart showing how it works :

A flowchart of How AR & VR actually works ?

AR & VR in Education:

  • AR and VR offer interactive, engaging learning experiences, making complex subjects more understandable.
  • Companies like ClassVR are pioneering in providing VR classroom experiences that enhance learning and retention.

AR & VR in Healthcare:

  • Aid in complex surgeries through AR-guided systems.
  • VR-based therapy for post-traumatic stress disorder.
  • Renowned institutions like Cedars-Sinai have acknowledged the potential of VR in pain management and patient care.

AR & VR in Entertainment

  • Reshaping interaction with digital content through immersive gaming and movie experiences.
  • Headsets like meta quest are at the forefront, pushing the boundaries of virtual entertainment. Moreover, Mark Zuckerberg joined lex fridman on his podcast & both of them conducted the 1st podcast in metaverse. It shows that Meta’s recent development in photorealistic avatars is set to elevate VR communications, making virtual interactions feel incredibly real and intuitive by capturing and portraying subtle facial expressions.
lex fridman & mark zuckerberg in metaverse 2024

AR & VR in Industrial Training, Real Estate, and Retail:

  • Offering virtual tours, training simulations, and virtual try-on experiences.

Careers in AR and VR :

  • Job Growth: Globally, it is forecasted that over 23 million jobs will be enhanced by virtual reality (VR) and augmented reality (AR) technologies by 2030 as per Statista.
  • Roles: AR/VR Developer, AR/VR Content Creator, AR/VR Hardware Engineer…
  • Employment Opportunities: Companies like Oculus, Sony, and Magic Leap are leading in AR/VR technology, offering numerous job opportunities.

Mark Zuckerberg on AR VR Potential :

Growth Projection:

  • A report by Statista says that by 2025, nearly 31 billion gadgets like phones and smart fridges will be able to talk to each other over the Internet. This shows how these smart gadgets are becoming a normal part of our daily lives.

Its Impact on Smart Homes:

  • IoT is revolutionizing how we interact with our living spaces.
  • Examples include intelligent thermostats like Nest, and smart security systems providing real-time monitoring and alerts, enhancing the comfort and security of homes.

Industrial Applications for IoT:

  • IoT is the linchpin of Industry 4.0, driving operational efficiencies through predictive maintenance, real-time monitoring, and automation.
  • Companies like Siemens are offering IoT-enabled industrial solutions that optimize processes and reduce operational costs.

Integration in Healthcare:

  • Smart wearable devices enable continuous monitoring of patients’ health parameters.
  • IoT-based systems improve the management and traceability of medical assets.

Security Concerns:

  • The proliferation of IoT devices accentuates concerns around data privacy and security.
  • Robust security protocols and addressing privacy issues are paramount to building trust and facilitating wider adoption of IoT technologies.

For Businesses and Professionals:

  • Comprehending the potential of IoT, aligning with evolving standards, and investing in IoT security are critical steps towards harnessing the benefits of interconnected digital ecosystems.

Careers in Internet of Things (IoT) :

  • Job Growth: According to fortune business insights, the global Internet of Things (IoT) market is projected to grow from $662.21 billion in 2023 to $3352.97 billion by 2030, at a CAGR of 26.1%. These trends indicate a growing demand for IoT professionals across various industries
  • Roles: IoT Developer, IoT Solutions Architect, IoT Security Specialist, System Integration Engineer, and Data Scientist.
  • Employment Opportunities: Leading innovators like Microsoft, IBM, Amazon Web Services (AWS), and Cisco are at the forefront, providing numerous job openings.

Here’ s how it works in a simplified way :

Simplified version of how edge computing works

Market Growth:

  • A report by markets and markets says that the global edge computing market size is expected to grow from $53.6 billion in 2023 to $111.3 billion by 2028

Sectoral Impact:

  • In sectors like manufacturing and logistics, edge computing is proving to be a catalyst for real-time analytics and predictive maintenance.
  • Healthcare is another sector where edge computing is making significant inroads. For instance, Philips’ eCareManager utilizes edge computing to provide critical care analytics.

Technological Synergy:

  • The symbiosis between edge computing and 5G technology is expected to further accelerate the deployment and efficiency of both technologies, creating a conducive environment for ultra-low latency applications and enhanced data processing capabilities.

Challenges:

  • But, before we can get all the cool benefits from edge computing, we need to figure out some stuff. Like, how to keep our information safe, respect our privacy, and cover the costs of setting it up.

Careers in Edge Computing :

  • Job Growth: As we know its going to grow till $111.3 billion by 2028. This indicates a growing demand for professionals in this field. So lookout for jobs on internet.
  • Roles: Edge Computing Specialist, Edge Solutions Architect, Edge Network Engineer…
  • Employment Opportunities: Leading companies like IBM, Cisco, and AWS are pioneering in edge computing, offering numerous job opportunities to cater to the growing market demands.

Here is a simplified version of how Tesla, a leader in self driving functions the car on neural nets:

Simple version of How tesla FSD 12 works

Market Growth:

  • According to a study by Allied Market Research, self-driving cars is projected to reach $448.6 billion by 2035, growing at a CAGR of 22.2% from 2025 to 2035. This shows they could really change the way we get around.

Safety Advancements in AV:

  • Safety stands at the forefront of AV technology.
  • By reducing the scope of human error, which according to the National Highway Traffic Safety Administration, is a contributing factor in 94% of crashes, autonomous vehicles promise a significant reduction in road accidents.

Environmental Considerations:

  • The environmental footprint is also a consideration.
  • AVs, often coupled with electric power, present a greener alternative to traditional gasoline-powered vehicles.
  • Companies like Tesla are leading the charge towards eco-friendlier, autonomous mobility solutions. As per Feb 2024, tesla has released FSD 12 ( Full self driving version 12 update in the car), in this the car is self driving on the basis of AI neural nets rather than hundreds of lines of code. This is a big step in autonomy & eco-friendly solution.

Here is a video of Tesla driving on its own:

  • Job Growth: The autonomous vehicle industry is experiencing rapid growth, with expectations of creating many job opportunities in the coming years, as per IDTechEx.
  • Roles: Autonomous Vehicle Software Engineer, Vehicle System Engineer, Data Analyst, Safety Driver for Autonomous Vehicle Testing…
  • Employment Opportunities: Companies like Tesla ( USA ) & BYD ( China ) are leading the way in autonomous vehicle technology, offering a myriad of job opportunities.
  • The global market for sustainable technologies is burgeoning. According to MarketsandMarkets, the smart green technology market alone is expected to reach $36.6 billion by 2025, showcasing a significant shift towards eco-conscious technological solutions.
  • Renewable energy, especially solar and wind power, is helping us move towards cleaner ways to get electricity. Companies like Tesla are at the forefront of this change, not only with electric cars but also with innovative solar power solutions.
  • Tesla recently launched a new product called Powerwall 3 in the US, with plans to release it worldwide soon. It’s a big battery that stores solar energy. During a power outage, it uses the stored energy to power your home and electric car, and recharges itself with sunlight.
  • The Powerwall is gaining popularity both in the US and globally, showing that more people are getting interested in smart, sustainable technology to meet their energy needs.
  • In the realm of software, energy-efficient algorithms and data centers are gaining traction. Companies like Google are striving towards achieving zero net carbon emissions through various sustainable practices including optimizing data center operations for energy efficiency.
  • E-waste management is another crucial facet of sustainable technology. Initiatives like Apple’s recycling program are aimed at reducing electronic waste and promoting the recycling of devices, aligning with the broader goal of a circular economy.
  • Moreover, sustainable technology is fostering smarter, greener urban planning through smart city solutions that optimize resource usage, reduce waste, and enhance the quality of life for residents.
  • The integration of AI and big data analytics in monitoring and managing environmental resources is further propelling the ability to make data-driven decisions for sustainable practices.

Career in Sustainable Technology

  • Job Growth: The demand for sustainable technology roles has surged, with a notable growth in green jobs, as per a report by the International Renewable Energy Agency (IRENA).
  • Roles: Sustainability Analyst, Renewable Energy Project Manager, Environmental Engineer
  • Employment Opportunities: Companies like Tesla, Siemens, and General Electric are at the forefront of sustainable technology, offering numerous job opportunities in this sector.
  • In finance, it’s streamlining processes like invoice processing and reconciliation. Platforms like UiPath are facilitating seamless integration of RPA, enhancing operational efficiency.
  • In healthcare, RPA is aiding in claims processing, appointment scheduling, and data management, thereby enhancing the overall operational efficiency and patient experience.
  • Process selection,
  • Change management,
  • And cybersecurity concerns

Career in Robotic Process Automation :

  • Job Growth: According to koenig-solutions, the RPA market has shown outstanding growth in recent years, leading to a notable demand for RPA roles globally. In India alone, there are 6,000 vacancies for various RPA job roles.
  • Roles: RPA Developer, RPA Engineer, RPA Technical Lead, RPA Solutions Senior Developer, RPA Consultant, among others.
  • Employment Opportunities: Major companies like Cognizant, TCS, Infosys, Accenture, Blue Prism, UiPath, and Automation Anywhere are leveraging RPA, creating numerous job opportunities globally.

Here a simple version of how typical interactions in a spatial computing system looks like :

how typical interactions in a spatial computing system looks like
  • Real Estate: for virtual tours.
  • Retail: for AR shopping experiences.
  • Real-time 3D mapping,
  • Advanced navigational assistance.
  • Data privacy,
  • High costs,
  • The need for robust infrastructure,

Careers in Spatial Computing :

  • Job Growth: With the spatial computing market projected to grow from USD 120.5 billion in 2023 to USD 620.2 billion by 2032,, the job market in this field is anticipated to expand significantly, particularly in tech-centric regions like India.
  • Roles: Spatial Computing Specialist, Augmented Reality Developer, Virtual Reality Engineer, and Mixed Reality Designer are among the emerging positions.
  • Employment Opportunities: Companies at the forefront of spatial computing innovation such as Apple & Meta are likely to offer numerous job opportunities, with India & USA being a key player in the tech industry.

Real World Example of Spatial Computing with Apple Vision Pro

In a simplified way, this is how NLP works:

How does NLP works ?
  • Healthcare: for appointment scheduling and medication reminders.
  • Automotive: for safer, hands-free controls.
  • Privacy concerns,
  • Linguistic diversity remains
  • Job Growth: The substantial growth in the NLP market, from USD 19.68 billion in 2022 to a projected USD 24.10 billion in 2023 as per a report by Fortune Business Insights, implies a growing demand for professionals skilled in Voice Assistants and NLP technologies.
  • Roles: NLP Engineer, Voice User Interface (VUI) Designer, Speech Recognition Engineer, among others, are roles that would see a demand surge owing to the market growth.
  • Employment Opportunities: Companies leading in AI and NLP technologies like Google, OpenAI, Amazon, and IBM offer myriad employment opportunities for individuals skilled in Voice Assistants and NLP technologies.
Mindmap of Big data sector
  • Retail
  • Healthcare,
  • Finance: for better decision-making and operational efficiency.
  • Data privacy,
  • The skills gap persists

Careers in Big Data & Analytics :

  • Job Growth: The reliance on big data and predictive analytics to drive business growth has heightened the demand for data analytics careers, as per a report by 365 Data Science.
  • Roles: Data Analyst, Business Intelligence Analyst, Data Engineer, among others, are in demand.
  • Employment Opportunities: Companies like PayPal, Diverse Lynx, and Insight Global are among the top hirers in the data analytics field​.

Trend 15: Smart Cities

  • Data privacy,
  • Infrastructure costs persist
  • Job Growth: The Smart Cities Market size is estimated to be USD 1.36 trillion in this year, which indicates a rising demand for professionals in this domain, as per a report by mordor intelligence.
  • Roles: Urban Planners, Smart City Consultants, IoT Specialists, and AI/ML Engineers are among the roles seeing a demand surge.
  • Employment Opportunities: Key players like Cisco Systems and Siemens AG are spearheading smart city projects, offering numerous job opportunities​.
smart city
  • Implementation complexity,
  • Legacy system compatibility exist.
  • Job Growth: Well according to the previous numbers by MarketsandMarkets, $51.6 billion growth by 2026, indicates a growing demand for professionals skilled in this architecture​​.
  • Roles: Zero Trust Security Architect, Network Security Engineer, and Cybersecurity Analyst are among the in-demand positions.
  • Employment Opportunities: With the rise in zero trust security initiatives, companies like Palo Alto Networks, Cisco, and Akamai Technologies are among the top employers.
  • Job Growth: As per business research company, the global digital twin market is forecasted to grow to $56.66 billion in 2027 at a CAGR of 39.0%, suggesting a rising demand for skilled professionals in this domain​.
  • Roles: Digital Twin Engineer, Simulation Engineer, and IoT Architect are among the sought-after roles.
  • Employment Opportunities: Companies like Siemens, IBM, and GE Digital are at the forefront of digital twin technology, offering numerous job opportunities.
  • Job Growth: The surge in Low Code/No Code platforms adoption, enabling faster application development as per Quixy, hints at a growing job market for developers and citizen developers alike.
  • Roles: Low Code/No Code Developer, Application Developer, and Citizen Developer.
  • Employment Opportunities: Companies embracing Low Code/No Code platforms offer numerous job opportunities, with industries like IT, finance, and healthcare leading the adoption.

This is how 3D printing works :

  • Job Growth: As per by previous data, the 3D printing market is projected to reach USD 33.74 billion by 2024, indicating a rising demand for professionals in this domain​​.
  • Roles: 3D Printing Technician, 3D Modeler, and Additive Manufacturing Engineer.
  • Employment Opportunities: Companies leading in 3D printing technologies offer numerous job opportunities, with industries like automotive, aerospace, and healthcare being major adopters.

Here’s a simplified version of how it works :

  • Job Growth: Well from USD 105.58 billion in 2023 to USD 472.39 billion by 2028, suggests a significant demand for professionals in this domain​ which is a great indication for anyone looking to make career in this field of tech​.
  • Roles: XR Developer, AR/VR Engineer, and 3D Modeler are among the sought-after positions.
  • Employment Opportunities: Companies innovating in XR like Oculus, Apple vision pro, Magic Leap, and Microsoft offer numerous job opportunities.

The Road Ahead: How New rends in Information Technology Will Evolve :

  • 5G & Beyond: The spread of 5G technology is going to kickstart the development of 6G, bringing us into a time where super-fast and dependable internet connections could make the online and real-world experiences feel more connected.
  • AI & ML: When AI comes together with cool stuff like Virtual Reality and Blockchain, it can create new areas of tech. This mix helps make instant decisions and lets many kinds of businesses run things on autopilot.

Emerging Technologies:

  • The melding of Quantum Computing with AI and ML might unlock unprecedented computational capabilities, potentially revolutionizing fields like cryptography, material science, and complex systems simulation.

Long-term Impact:

  • As Smart Cities and Digital Twins keep getting better, city life could change a lot. Cities might become smarter, run more smoothly, and respond better to what people need.
  • More places are starting to use Zero Trust Architecture, which is a fancy way of saying they do not trust anything on their networks from the get-go to keep their data safe. This is a big step towards making the online world safer from hackers and other threats.

Global Economies & Job Markets:

  • The ripple effects of these trends could lead to more jobs in both new and existing areas, helping create a lively and strong job market ready to handle the changing demands of our digital world.

How to Adapt to Changing IT trends? For students, working professionals & business owners

  • Educate Yourself:
    • Enroll in online courses or attend workshops related to emerging IT trends.
    • Follow reputable tech blogs, podcasts, and YouTube channels to stay updated.
  • Practical Application:
    • Participate in hackathons, coding competitions, or open-source projects to gain hands-on experience.
    • Create personal or collaborative projects that incorporate new technologies.
  • Networking:
    • Join tech communities, both online and offline, to meet professionals and other students.
    • Attend tech meetups, webinars, and conferences to learn from experts and build connections.
  • Seek Mentorship:
    • Find mentors in your desired field who can guide you on the latest trends and career paths.
    • Utilize platforms like LinkedIn to connect with industry professionals.
  • Continuous Learning:
    • Take advantage of professional development opportunities offered by your employer.
    • Pursue certifications in emerging technologies related to your field.
  • Skill Application:
    • Volunteer for projects at work that allow you to use new technologies or methodologies.
    • Share your insights and experiences with new technologies through blogs or at team meetings.
  • Networking:
    • Engage with industry communities to exchange knowledge on latest IT trends.
    • Attend professional seminars, workshops, and networking events.
  • Stay Updated:
    • Subscribe to industry publications, and follow relevant online forums and social media groups.
  • Invest in Training:
    • Provide training programs for your employees on new technologies and methodologies.
    • Encourage a culture of continuous learning and improvement within your organization.
  • Implement New Technologies:
    • Evaluate and implement tools and technologies that can improve efficiency and productivity.
    • Experiment with new technologies on smaller projects before rolling them out widely.
  • Strategic Partnerships:
    • Partner with tech companies or consult with IT experts to leverage their knowledge.
    • Collaborate with other businesses to explore new technologies together.
  • Monitor and Evaluate:
    • Regularly review the impact of new technologies on your business operations.
    • Seek feedback from employees and customers on technology implementations.

CONCLUSION

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