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Home Detailed Guide 20 New Technology Trends for 2024: New Tech Horizons

20 New Technology Trends for 2024: New Tech Horizons

Dec 13, 2023 1.3K Reads

Technology is the creative product of intelligent minds and innovation. At present, the market is full of new and latest technologies. You might know about a few of them, but if you are an IT manager or an employee, you should be aware of all the technology and latest trends that can help you stay ahead of the market shift. Here we have listed the following-

1. Generative AI

Generative AI might sound to you by name, but it is a well-known technology used in almost every industry. Talking about the Generative AI technologies of 2023 and not mentioning Chat GPT is unfair! Chat GPT was and still is a big buzz in the market! Many courses, guides and videos were released after this amazing platform creation! Right after Chat GPT was released many other tools and chatbots were released like Microsoft’s Bing which has added a unique and Deep-Search Generative AI innovative feature, Bard and many more. 

These are some famous Generative AI tools and in future, you will see many more to be released with better innovation and special features.

Generative AI is the technology that uses Artificial Intelligence to generate fresh content out of existing information and prompts. You can generate images, text, music and many more. In 2024, this field has seen a steep rise that gives a good scope for better earnings in the future. 

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This is an amazing technology for all the content creators in varied jobs and industries! As per the recent research reports of McKinsey, the Generative AI features have the potential to add approximately $4.4 trillion to the global economy annually. 

Application of Generative AI in various job roles and industries! 

Modality

Job Roles 

Applications

Text Generation

Content Writers

In Marketing through customised post content, scripts for social media, better website optimization, and email content for drip marketing purposes.

Better sales analysis, customer interaction, and solutions to the existing loopholes.

Code Generation

IT Employees

IT:- Better application development, code recommendations, generate a unique interface design, application design and prototype optimization, and enhance the AI models’ quality.

Image Generation

Image Editor 

In Marketing and sales by creating new, and personalised images for better user experience.

Video Creation 

Video Creator and Editor

In Marketing, Entertainment, Social Media and many more Through generating short videos, films, documentaries, translations and many more.

Moving forward to discuss the future scope of Generative AI, we have listed the top job possibilities in the same field- 

  • AI Research Scientist
  • Data Scientist
  • Machine Learning
  • Natural Language Processing Engineer 
  • Computer Vision Engineer 
  • AI Product Manager

Earning Potential in the field of Generative AI

With the latest generative AI tools like Chat GPT, Google’s Bard or Microsoft’s Bing influx, the market has seen a high growth and demand for such technologies. As per the reports, the AI products and tools can add up to $280 Billion of software revenue, with a Compound Annual Growth Rate of 42%. This is a huge number, and getting equipped with this technology can keep an individual ahead of the market and the upcoming layoffs and competition.

generative ai revenue

Courses to be pursued in this field!

  • Machine Learning and Deep Learning Courses
  • Natural Language Processing Courses
  • Generative Models Specialization
  • Advanced Deep Learning and Research Courses
  • Computer Vision Courses
  • AI Ethics and Responsible AI Courses

2. Artificial Intelligence (AI) and Machine Learning

We have witnessed the power of AI already with a lot of buzz in the IT market and later throughout all the existing industries. In such a big tech world getting equipped with all the new and latest existing AI tools and technologies. AI and Machine learning both work hand-in-hand and have an exceptional earning potential. It can take the existing technologies to an unpredicted state of growth through innovation. The Scope of AI and Machine learning is vast and can take the economy to sky high level. AI is the future! And can be used nearly in all the industry and sectors! AI has improved the user experience with better output and efficiency.

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AI is not an enemy, it is a revolutionary technology that can solve major issues of society. Here we have listed some job roles that can be opted by the candidate to take up a career in AI and ML. 

  • Machine Learning Engineer
  • AI Research Scientist
  • Computer Vision Engineer
  • AI/ML Consultant
  • AI Product Manager
  • Data Scientist

Earning Potential- The market for Artificial Intelligence is growing rapidly and it is expected to grow by $2,575.16 billion by the year 2032 with a CAGR of approximately 19% from 2023 to 2032 as per the research of Precedence Statistics. This data clearly shows the ability of the field to generate job opportunities, with the desired knowledge and skills. Remember, AI is a technology run by Humans, and cannot be vice versa. Technology requires continuous innovation and updates to bring better and unique results! Hence, equipping yourself updated with the latest technology trends and market trends can help you become successful. 

The courses that can be pursued to opt career in AI and Machine learning!

  • Specialized Machine Learning Courses
  • Natural Language Processing (NLP) Courses
  • Advanced programs in AI and ML
  • Computer Vision Courses

Market Size of AI from 2022 to 2032

3. Computing Power

Computing Power can stand out and create a stunning impression in this digital era. We are all dependent on computers for one task or another! Most of tasks can be done effectively by computers nowadays. 

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Computing power is the technology that measures the capacity of a computer system to process and execute data and calculations. Complex calculations can not be done by ordinary computers, for such tasks, supercomputers are used! This is also an emerging technology that requires experts to execute and implement.

This field has amazing job and career opportunities if an individual has the necessary qualifications and knowledge. 

Here we have listed some job roles-

  • Data Scientist
  • Robotics Researcher
  • Robotics Designer
  • AI Engineer
  • AI Architect

Courses to be pursued to build a career in the field of Computing Power are-

  • Cloud Computing Certifications 
  • Networking Certifications
  • Operating Systems and Systems Administration Courses
  • DevOps and Automation Courses
  • Cloud Security Courses
  • Advanced programs in Cloud Architecture and Optimization

4. Extended Reality

Listing the best technologies and IT Trends and not listing Extended Reality in the list is impossible. You might not understand the technology by its name, but each one of you must have experienced it in one place or another.

Still confused? Let us give you some examples that can help you understand this technology better!

  • Used by various shopping apps, in which XR can be used to try various clothes online.
  • You can view 3D models with this app.
  • Enable users to view the models and other static digital elements in a real-time world.
  • User experience Gaming through devices' real-time environment and 
  • Navigation apps use it with street names and landmarks that appear in the real world.

Extended Reality as the name suggests is the merging of the physical world with the virtual world. Extended Reality, also referred to as XR is the combination of various existing computer-altered realities like Augmented Reality, Mixed Reality, Virtual Reality and many more to create the XR. To understand the XR better, knowing about AR, VR and MR is crucial. These are the main components in the creation of Extended Reality! 

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The scope of this field is vast and requires skills and necessary qualifications.  Some of the Job Roles that can be pursued in this Extended Reality field are-

  • VR/AR Developer
  • VR/AR Content Creator
  • XR Interaction Designer
  • AR Cloud Developer
  • XR Project Manager

Venn Diagram: Components of Extended Reality

Earning potential of the Extended Reality

The scope of the market of Extended Reality is immensely at the growing stage with the estimated growth from $40.1 billion in 2023 to as high as $111.5 billion by the year 2028 with a CAGR of 22.7% growth. Hence, there will be numerous job roles and career opportunities that can be generated in the coming years.

Courses that can be pursued are-

  • 3D Modeling and Animation Courses:
  • AR Cloud and Spatial Computing Courses
  • Courses for VR/AR Development
  • Engine Courses for VR Development

5. Blockchain

Blockchain is difficult to decode! So let us understand what Blockchain is by using some familiar names and examples. We are on the verge of ending 2023 and going to move ahead in 2024. One thing that has also created a big hype in the market is cryptocurrencies. Cryptocurrencies are not directly related to blockchain but it is a reliable method of storing data with security to facilitate smooth and secure transactions. Cryptocurrencies run on a distributed secure public ledger known as blockchain, which carries all the information about the transactions and the currency holders. So basically, Blockchain is the database that allows transparency between two entities. 

In this digital world, understanding its relevance is not a mountain big task. It will soon be the most crucial job role that the world will witness in the coming years. The scope of the field is vast and growing rapidly. 

Here we have mentioned some job posts that have a wide scope- 

Courses that can be pursued in this field-

  • Blockchain Development Courses
  • Blockchain Specializations
  • Blockchain Architecture and Design Courses
  • Cryptocurrency Courses

6. Genomics

Genomics as the name suggest is the technology that is administered at the genomic or genetic level. We cannot ignore the catastrophe we all faced during the COVID. It challenged the healthcare system of the whole world. Thankfully, through the research and creation of our scientists and researchers, we fought that deadly virus. But getting ready at the earliest is the need of time.

The work in the field of genomics can help bring various advantages to human beings. Recently, the use of this technology helped in bringing advancements to CRISPR gene editing. Other emerging technologies are Single Cell Genomics, advancement in medicine, data privacy and many more. Many students are opting for this career field from all around the world.

Some job roles in this field are-

  • Genomic Scientist
  • Genomic Data Analyst
  • Clinical Geneticist
  • Genomic Technologist
  • Bioinformatics Specialist

The courses that you can opt for to build a career in Genomics technology are-

  • Genomic Medicine Courses
  • Laboratory Techniques in Genomics
  •  Degrees (Master's/Ph.D.) in Genomics
  • Bioinformatics and Computational Biology

7. Robotic Process Automation (RPA)

A revolutionary technology that is an integral part of an organisation that deals with the programming of software robots to smoothly administer the automate repetitive tasks in a business. This helps in streamlining the operations in an organisation to enhance the efficiency. This technology is a big success as it can save time and money, it offers scalability and flexibility and it can be automated from time to time by humans. There are various job roles you can apply for in this field like-

  • RPA Developer
  • Automation Architect
  • RPA Project Manager
  • RPA Support Engineer

If you are also interested in making your career in RPA, then here we have listed some courses that you can pursue- 

  • Blue Prism Developer Certification
  • RPA Developer Certification
  • RPA Specialization

8. Quantum Computing

A technology that leverages the concept of Quantum Mechanics in the world of Computation. It is well structured to perform complex tasks and calculations instantly, unlike ordinary computers. These quantum computers do not use bits, that are 0 or 1, instead, they use bits or qubits that can exist in multiple states.

This technology has made the task very simple and faster than ever. Quantum computers can calculate vast data analysis within the blink of an eye speed. This is a revolutionary technology that uses concepts like Quantum Bits, entanglement, Quantum gates, and many more. You can pursue your career in the Quantum Computing field by enrolling in a job role like

  • Quantum Software Developer
  • Quantum Algorithm Researcher
  • Quantum Research Scientist
  • Quantum Cryptographer 

But to enter this profession you must have the skills and qualifications. Some of the courses that you can pursue to get into these above-mentioned job roles are-

  • Quantum Courses
  • Quantum Machine Learning
  • Quantum Programming Courses
  • Quantum Computing Fundamentals Courses

9. Digital Trust

At present, more and more people are coming on digital platforms through many pathways like digital banking, online learning, sharing of data on social media, and Updating the biometrics to create authenticity.

All these factors lead to building more trust in the users. People use and share data on the digital platforms. Hence should be the prime goal to maintain the security of every user to build a safe community.

This is the demand of the time and hence, many organizations and companies secure the data of their customers and users. Hence, the experts are required to avoid any spamming, hacking and digital fraud.

Here we have listed some job roles that work for the same purpose-

  • Cybersecurity Analyst
  • Security Engineer
  • Security Automation Engineer
  • Penetration Tester
  • Security Architect
  • Network Security Analyst

Some courses that can be pursued to enter this field are mentioned below- 

  • Cybersecurity Courses
  • Certified Information Systems Security Professional Courses
  • Cybersecurity MicroMasters Program
  • Privacy Engineering Courses

10. New Energy Solutions

Technology does not just impact the lives of humans by easing the work and enhancing the efficiency and economy of their businesses. Technology also supports to building of better and more sustainable models that leave low carbon footprints, and are more environment friendly. This is the time when the whole world is implementing a no-carbon emission model to prevent natural catastrophes. Hence, it is crucial to work on such greener powers and energies.

Some of the job roles in this area- 

  • Solar Plant Design Energy
  • Project Manager
  • Biotechnology Specialist
  • Energy Specialist (Solar, Thermal, Hydro-power etc.)
  • Climate Strategy Specialist
  • Chemical Energy
  • Renewable Energy Technologist

11. 3D Printing

We are living in a world where people have started talking about 3D Printing instead of Paper printing. It is also an innovative and revolutionary step that has been used in almost all industries be it biomedical, industrial, healthcare or many more. This has been proven as a boon for humankind.

The salary packages and the opportunities in this field are vast. You can get international opportunities after pursuing a specialised course in this field. Some of the top job roles are-

  • CX Program Manager
  • Emulation Prototyping Engineer
  • AI Engineer
  • Organ & Prosthetic Designer
  • 3D Printer Engineer
  • Robotics Trainer
  • Operations Manager

12. Edge Computing

A new technology that is dominating the market is cloud computing and has become mainstream in some well-known platforms like  Google Cloud Platform, AWS (Amazon Web Services), and Microsoft Azure. And it is ruling the computing market and will keep growing. Edge Computing is innovated to prevent problems while administering Cloud Computing. Edge Computing is used in remote locations that lag connectivity and process time-sensitive data.

The job roles in this field are-

  • Cloud Reliability Engineer
  • Cloud Architect and Security Architect
  • Cloud Infrastructure Engineer
  • DevOps Cloud Engineer

Some courses that can be pursued to enter this field are mentioned below-

  • Edge Computing Engineer
  • Data Analyst
  • IoT Solution Architect
  • Security Engineer

13. 5G

Next comes in our list of the most trending technology and everyone has seen its relevance in the past few years. We have evolved from 2G, 3G, 4G and 5G. These enable the user to use the internet with amazing and innovative features. The user experience has become exceptional with the use of this technology.  5G technology is useful that is used in monitoring and security purposes, it provides an internet connection with broadband that makes it quicker than ever, and it helps in robotics control without any delay. 

14. Cyber Security

Cybersecurity has to be listed down in the list of new emerging technologies even if it seems to be not. This is so because the technology has been developed earlier but the advancement in this technology has become more evident in every passing year. As per the estimated reports of Gartner, more than 60% of companies will be using Cybersecurity by 2025. 

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This is a big claim and we can see how many job roles will be available in the coming years. Here are some Job roles that can pay you high-scale lucrative salaries. 

  • Ethical Hacker 
  • Security Engineer 
  • Malware Analyst
  • Chief Security Officer

Courses that you can pursue to build a career in Cybersecurity-

  • Certified Ethical Hacker
  • Cybersecurity Specialization
  • SANS Institute Training Courses

15. Datafication 

The technology that transforms every simple human chore task into data-based technology right from smartphones, to applications, industrial machines to all healthcare devices, All these equipments require technology that requires knowledge of Datafication. Some Job Roles in this field are-

  • Big Data Engineers
  • IT Architect
  • Data Scientists
  • Robotics Engineers
  • Business Intelligence Analysts

16. Smart(er) Devices 

AI has made our lives so comfortable and simply convenient. It has surrounded us from everywhere. Smart Home Security, Smart Home Kitchen, Smart Toll Collection, Wearables and many more are some of the smart devices. It is a new way of living and has made our lives so personalised. Due to its rapid emergence, the scope of smarter devices is huge and it will keep growing in the coming years. Here we have listed some top job roles that play vital roles in this emerging technology.

  • IT Manager
  • Product Testers
  • Automation Engineers
  • Data Scientists
  • Product Managers
  • IT Researchers

17. Internet of Things (IoT)

The next on the list is the Internet of Things (IoT). This is the year when all our devices are connected to the Internet, or simply the Internet of Things. It is a future-ready technology that has already spread its roots around us through home appliances, cars, and other internet-enabled devices. You May be Interested | IoT Certification Online!

The technology of connecting everything with the WiFi enables the user to control all our devices through a remote. All this is possible because of the Internet of Things (IoT). As per the latest reports, the Internet of Things will range to around 50 billion by the year 2030. Job roles that can be pursued in this field are-

  • IoT Developer
  • IoT Security Specialist
  • IoT Network Engineer
  • IoT Data Scientist

18. Platform Engineering

Another emerging technology that can boost the economy through the latest design and toolchains. It is a highly consistent infrastructure technology, platform engineering enhances the security standards and enables the developers to focus on the applications and the infrastructure. 

This technology has been used by organisations to manage the infrastructure cost. It ensures the proper utilization of the resources. The quick feature delivery feature enables developers to work with the trends and later advance through the market need. Some Job fields are-

  • Platform Engineer
  • Cloud Engineer
  • DevOps Engineer
  • Automation Engineer

19. Digital Twins

A new cutting-edge emerging and dynamic technology that creates real-time replicas of physical systems or objects. This is the connection between the real world and the virtual replicas. The two major components of the Digital Twins are physical objects and systems and virtual objects. It has been used in various sectors like Manufacturing, smart cities, IoT, healthcare and many more.

Job roles that can be pursued in this field are-

  • Digital Twin Engineer
  • IoT Specialist
  • Cybersecurity Specialist
  • Simulation Engineer
  • Data Scientist
  • Data Analyst

You can pursue courses given here-

  • Data Science and Analytics Courses
  • Cybersecurity Certification
  • IoT and Sensor Technologies Courses

20. Autonomous Cars

Last but not least, autonomous cars also known as driverless cars or self-driving cars are a big revolutionary step in human tech evolution. This requires well-developed technologies and the latest equipment. These cars work on the safety parameters as well. 

Job roles that can be pursued in this field are-

  • Autonomous Vehicle Engineer
  • Sensor Fusion Engineer
  • Testing and Validation Engineer
  • Robotics Engineer

Courses-

  • Robotics and Control Systems Courses
  • Automotive Systems Engineering:
  • Machine Learning for Autonomous Systems
  • Cybersecurity for Autonomous Vehicles courses

There is no limit to these developing technologies. Every year these techs are going to advance in terms of usage, safety and efficiency. These technologies can make our lives simple and convenient. In the few coming years, you might see many more to come and with those techniques and technologies, we need to upgrade ourselves in terms of knowledge, skills and hands-on experience. 

FAQs (Frequently Asked Questions)

GI sales as per estimation can rise to US$40 billion in the year 2024, and is going to boost the economy as well.

The top emerging technologies of 2024 are-

  • Generative AI
  • Artificial Intelligence (AI) and Machine Learning
  • Computing Power 
  • Extended Reality
  • Blockchain
  • Genomics
  • Robotic Process Automation (RPA)
  • Quantum Computing
  • Digital Trust
  • New Energy Solutions

AI is the new big technology that is booming at an amazing rate. It will be the master in the coming years.

Quantum Computing which is based on quantum mechanics is among the fastest growing technologies in 2024.

AI, Blockchain, Genomics, Robotic Process Automation (RPA), Quantum Computing, Digital Trust, New Energy Solutions and many more technologies are booming as powerful technologies.

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