Top Trending Technologies in 2024
“Changes call for innovation, and innovation leads to progress.“
Technology is continuously evolving and upgrading in rapid phase, every other day a new technology is getting introduced in the workplace or market to help the Customers, business whether small or large everyone is getting benefitted from these technologies.
Latest Technologies in Software/IT 2024
Here technologies in terms of software refer to new programming languages, creators, developers and testers helping the software world to introduce new technologies every day. Top trending Technologies for high pay job opportunities for freshers and experienced professionals are
- Artificial Intelligence(AI)
- Machine Learning(ML)
- Blockchain
- Augmented Reality and Virtual Reality(AR and VR)
- Cognitive Cloud Computing or Edge computing
- Cybersecurity
- Internet of Things (IoT)
- RPA (Robotic Process Automation)
- DevOps
- Intelligent Apps (I – Apps)
- Angular, React, Node Js
- Big Data
- Data Science
- Python Programming Language
- Android App Development-Kotlin, Flutter
1. Artificial Intelligence 2024 (AI)
“Artificial intelligence will reach human levels by around 2029. Follow that out further to, say, 2045, we will have multiplied the intelligence, the human biological machine intelligence of our civilization a billion-fold.” — Ray Kurzweil, American inventor, and futurist.
Source: medium.co
What is Artificial Intelligence?
Artificial intelligence(AI) means a computer program that runs or conducts operations and executes the programs on its own without human intervention. Here the AI imitates the actions by its own intelligence to solve the given problem and its main goal is to replace the human brain or intelligence with its own intelligence.
Artificial intelligence is just in every bit of software, major tech giant companies like Google, Amazon, Microsoft use in their applications.
Artificial intelligence examples Voice assistants like Google, Siri, Alexa and self-driving Cars like Porsche, Tesla uses AI in their systems to know more about AI click on these top 10 powerful examples of Artificial intelligence
"By 2030, Artificial intelligence will create 70 Million jobs and by eventually replacing the human staff with its Bots or virtual programs. freshers and experienced professionals should look at this to secure the future as it is going to be the biggest jump in technology by 2025-2030
The artificial intelligence job market is high right now. The business value created by AI will reach $3.9 trillion in 2022, according to Gartner IDC says spending on cognitive and artificial intelligence systems will reach $77.6 billion during the same year.
AI and machine learning have the potential to create an additional $2.6 trillion in value for marketing and sales by 2022 and as much as $2 trillion in manufacturing and supply chain planning, according to the McKinsey Global Institute.
Job Roles in Artificial intelligence 2024
- Robotics Scientist
- Big Data Engineer
- Business Intelligence Developer
- Data Scientist
- Machine Learning Engineer
- Product Manager
- AI Research Scientist
2.Machine Learning(ML)
What is Machine Learning?
Machine Learning is a part of Artificial Intelligence. It is a programming language that works on its own by learning from its previous experiences and creates its own algorithm automatically from the data insights and patterns to not repeat the previous errors or mistakes
Machine learning starts from the data it is given or daily task and automatically draws a pattern from the data and works without the help of humans and executes the tasks. Machine learning algorithms are often categorized as supervised or unsupervised
In Supervised Machine Learning, data set is given to the machine algorithm and runs analysis on the given data and predict the future outcome of the situation
In Unsupervised Machine Learning, no data or analysis is given its tries to find the deep undetected pattern and provides new data which is found from the unsupervised data
Machine learning has another subset of languages like Deep Learning, neural networks, natural language processing (NLP) which has a great future
By 2030, Machine Learning jobs will be among the top emerging jobs on LinkedIn, with almost 2,000 job listings posted. Payroll for a machine learning engineer was $106,225. Machine Learning jobs profiles include data scientists, researchers, developers the number of jobs that will be created by AI-enabled automation by 2022, according to the World Economic Forum’s (WEF) 2018 Future of Jobs report. That’s near twice as many as the 75 million roles that the WEF research predicts will be displaced.AI software will grow from $1.4 billion in 2016 to $59.8 billion by 2025 according to Tractica
Source:Forbes.com
3.Blockchain
What is Blockchain? How Blockchain Works?
Blockchain is a decentralized network for cryptocurrencies, Cryptocurrencies are electron. currencies that are fastly emerging in the present world. while blockchain is an electronic ledger that is shared among users of different entities. In the blockchain, transactions created cannot be changed or edited once it enters.
Every transaction has a time-stamp and interlinks to the previous transaction. when a new transaction is initiated it will be added to the ledger in the form of a block and continues as a chain of events that's why it is called blockchain, once it is updated it cannot be altered. Blockchain technology provides complete security for their transactions, blockchain is most reliable, verifiable, and secure. Tech giants are aiming for this technology for the future as by 2030 it is going to completely change the financial sector and world in terms of currency.
Worldwide spending on blockchain solutions is expected to grow from 1.5 billion in 2018 to an estimated 15.9 billion by 2023. Forecasts suggest that global blockchain
technology revenues will experience massive growth in the coming years, with the market expected to climb to over 39 billion U.S. dollars in size by 2025. The
financial sector has been one of the quickest to invest in blockchain, with over 60 per cent of the technology’s market value concentrated in this field.
Source:statista.com
According to Hired, the salary for blockchain developers ranges between $67,000 and $155,000 a year, depending on the region. In early 2019, the situation has changed little. In January, the median annual salary for blockchain developers was $132,000, with the most experienced developers earning $76,000 and upward.
Source: Hired.com
Job Roles in Blockchain- Blockchain Quality Engineer
- Blockchain Developers
- Blockchain Engineer
- Blockchain Legal Consultant or Attorney
4.Augmented Reality and Virtual Reality(AR and VR)
What are AR and VR?
AR and VR are two technologies which work on the same pattern VR engages the user in the experience while Augment Reality (AR) enhances their experience. AR is mainly used in training purposes for Doctors before surgery and in Defence activities for mock drills
While VR is used in gaming industries as of now major companies like Google, Facebook, Samsung developing this tech to improve the user and customer experiences by providing different services using AR and VR, by 2025 Demand for AR and VR developers going to be huge as industries are predicting a billion-dollar business as the gaming sector is booming in India and the world. As of a 2019 report, it is anticipated that over 23 million jobs will be heightened by virtual reality (VR) and augmented reality (AR) technologies globally by 2030, an increase from the 800 thousand jobs that were heightened by VR and AR in 2019. VR, AR, and mixed reality (MR) is often referred to as extended reality (XR)
The VR and AR industry as a whole is advancing at a fast pace, with the market size of consumer virtual reality hardware and software projected to increase from 6.2 billion U.S. dollars in 2019 to more than 16 billion U.S. dollars by 2022.
Source:statista.com
5.Cognitive Cloud Computing or Edge computing
What is Cloud computing?
Cognitive Cloud is a hybrid model of Cloud and Cognitive Computing. By using Cloud computing apps or websites are operated directly from the cloud servers without the help of traditional web hosting servers. Cloud servers scale according to the need of app or websites unlike assigning a new server after overloading on the server in Web servers Reliability and security are more in cloud computing, Main importance of cloud computing is Speed which is insanely fast when compared with traditional servers. Can be reached to large-scale users in a short span without any difficulty in operations.
AWS, Google Cloud, Microsoft Azure are some of the leading cloud computing companies.. Its market size is anticipated to generate revenue of $13.8 billion by 2021 and is one of the top 10 t
rending technologies to consider this year.
It is estimated that by 2022, the edge computing market will be worth $7 billion. job opportunities in the cloud or edge computing will be huge by 2030. The Cognitive computing market size was valued at $8.87 billion in 2018 and is projected to reach $87.39 billion by 2026, growing at a CAGR of 31.6% from 2019 to 2026.
Source:alliedmarketresearch.com
India is expected to see more than 1 million cloud computing job roles by 2022 as more organisations shift their operations to the cloud infrastructure, says a report by Great Learning.
6.Cybersecurity
What is cybersecurity and why cybersecurity is important?
Cybersecurity is the guardian for an App or website, which protects the app or websites from
cyber attacks led by hackers or groups of hackers for ransom, every minute an app or website is getting hacked because of poor firewall security in-app or website. To overcome this cybersecurity is implementing in every company to protect its data and its customers from hackers Cybersecurity is important for every device to block unauthorized access into the device, Many technology firms are coming together to fight against the cyber crimes led by hacker groups. by 2025 cybersecurity is going to be implemented by every country in the world.
As proof of the strong need for cybersecurity professionals, the number of cybersecurity jobs is growing three times faster than other tech jobs. However, we’re falling short when it comes to filling those jobs. According to Gartner, Cybersecurity is forecast to reach $170.4 billion in 2022.
According to The New York Times reports Cybersecurity Ventures’ prediction that there will be 3.5 million vacant cybersecurity jobs globally by 2021, up from one million positions in 2014.
7.Internet of Things (IoT)
What Internet of Things (IoT) means?
IoT devices can operate through wifi or mobile signals, it is home automation devices which is going to revolutionize the world in the future. These are embedded with communicating chipset to take command through signals. some of the examples of IoT devices are driverless cars, home devices, etc
ITProToday article states that there is a need for 200,000 more IT workers. Job opportunities in the IoT sector will be more as it is going to boom by 2030. the number of IoT devices reached 8.4 billion in 2017 is expected to reach 30 billion devices by 2021. The global spending on the Internet of Things (IoT) is forecast to reach 1.1 trillion U.S. dollars in 2022. New technologies such as 5G are expected to drive market growth in the coming years.
This statistic shows the size of the Internet of Things (IoT) managed services market worldwide from 2018 to 2027. In 2018, the revenues from the IoT managed services market amounted to over 30 billion U.S. dollars worldwide, with forecasts predicting that this number will increase to 135 billion by 2027.
Source:statista.com
8.RPA (Robotic Process Automation)
What is RPA (Robotic Process Automation)?
Robotic Process Automation (RPA) used for automating daily tasks. RPA reduces time and efforts which will be beneficial for the companies in saving time and money. Here every possible task is automated by developing programs using machine learning and artificial intelligence. This technology is creating millions of jobs for developers and testers affecting low-level desk job employees
The most popular companies that develop RPA tools are Pegasystems, UiPath, Blue Prism, WorkFusion, Automation Anywhere. The demand is huge for professionals skilled in RPA. By 2030 about 60% of work will be automated by robotic processes around the world believes that the RPA industry will be worth $3.1 billion by 2019 and $4.9 billion by 2021. According to Forrester, this figure is more likely to be around $2.9 billion by 2021. (source: Statista)
Robotic process automation market revenues are expected to eclipse 2.9 billion U.S. dollars worldwide in 2021. Forecasts predict continued growth in the coming years with a market value set to reach more than then billion by 2023.
9.DevOps
What is DevOps? DevOps is the union of social opinions, methods, and tools that improves an organization’s capacity to deliver applications and services at high speed: developing and updating products at a quicker pace than companies using conventional software development and infrastructure management processes. This speed allows companies to better serve their customers and compete more efficiently in the business.
By 2025 Devops developers have a huge demand in market and companies recruit more engineers in this field
10.Intelligent Apps (I – Apps)
What are I-apps?
I-Apps are designed for mobiles using artificial intelligence and machine learning technologies for automating the daily tasks like scheduling emails, meetings, logs etc. I-Apps examples are Chatbots and virtual assistants.
These apps save time and reduce human interaction in every task and are productive for the companies and employees in everyday work.
The intelligent apps market size was USD 7.33 billion in 2017 and is projected to reach USD 46.98 billion by 2023, growing at a Compound Annual Growth Rate (CAGR) of 32.9% during the forecast period. The base year considered for this study is 2017, and the forecast period is from 2018 to 2023.
Source:marketsandmarkets.com
11.Angular, React, Node Js
Angular, React, Node Js are javascripts developed by different companies for web development and web apps
Angular Js is used to develop web apps, websites for mobiles and desktops it is developed by Google in the year 2016
Node Js is a cross-platform runtime environment, designed for Networking & Server Side applications. Node js is an open-source server framework used as an event-driven, non-blocking IO model. Uses
of Node Js to create Dynamic Pages And to Read, Write, Delete, Open the files on the server.
React Js is also front end development in web apps which is developed by Facebook released its initial build on 2013
These are the latest web languages used in the development of web apps and websites scope for this job is going to be high as every offline business is converting into an online model which require websites by the next 5 years i.e 2025 the web development going to be in the top once again
According to the survey, 43.3 per cent of respondents reported being using jQuery, while 35.9 per cent were using React.js. jQuery has been losing ground to React.js and Angular over the years.
average salary according to PayScale: $76,063 per year.(source:linkedin)
Source:statista.com
Job openings for various web frames are shown below the graph
Source:tecla.io
12.Big Data
What is Big Data?
Companies use the big data collected in their operations to enhance services, give better customer service, build personalized marketing drives based on particular client choices and, eventually, increase profitability. Businesses that use big data hold potential competitive leverage over others who are unable to take faster decisions. In Present world data is the new Gold as internet companies like Facebook, Google makes billions of dollars from the big data by providing personalized ads to the users.This increases the demand for digital marketers in the country, By 2030 advertisement companies going to make billions of dollars and this provides job opportunities for the graduates.
A predicted 2.7 million open jobs in data analysis, data science and related careers in 2022 (source: IBM). The global big data and business analytics market was valued at 168.8 billion U.S. dollars in 2018 and is forecast to grow to 274.3 billion U.S. dollars by 2022, with a five-year compound annual growth rate (CAGR) of 13.2 per cent.
Source:statista.com
The big data analytics market is set to reach $103 billion by 2023. Poor data quality costs the US economy up to $3.1 trillion yearly.
Source:techjury.net
13.Data Science
What is Data Science?
Data Science is the latest technology in the software world. Data science is used where large big data collected by companies have to categorise and make a pattern out of it and identify to do that job
data science comes into play, who analyzed the data and make necessary patterns and algorithms from the collected data
The average salary of a Data Scientist is $117,345/yr. The Harvard Business Review called it the “sexiest job of the 21st Century”. To get a job in this field will require an understanding of
mathematics, computer science, programming, statistics
An estimated 11.5 million new jobs by 2026 (source: U.S. Bureau of Labor Statistics).
An average annual average salary of $120,931 with the job title of a data scientist (source: Glassdoor) and an average salary of over $84,000 per year across 14 specific data analysis and data science careers linked to Cal U’s statistics and data science degree program (source: Pennsylvania's State System of Higher Education).
Job profiles for Data science are- Data Scientist
- Data Architect
- Business Intelligence Manager
- Data Engineer
- Data Analyst
- Business Analyst
14.Python Programming Language
Python is a high-level programming language that is easy to learn and also an object-oriented program like Java. Python is the trending software programming language. It has high-level built-
in data structures, combined with dynamic typing and dynamic binding, make it very attractive for Rapid Application Development. The syntax for python programming is simple and it supports modules and packages
It is the most common technology trending from the past few years around the world, job opportunities for the python developers are high, payroll for them is also high when compared with other older technologies. by 2025 it is also going to be the top technology. Indeed
lists more than 70,000 jobs available while Glassdoor has about 90,000 current openings. On average, A Python developer can earn as much as $118.000 a year
15.Android App Development-Kotlin, Flutter
The largest development in the tech world is android development which is app-based development based on java, android OS is owned by Google. Previous app development used to be in JAVA language now google is adopting new languages for app development that is kotlin which is developed by JetBrains in 2010 and other new languages which is also used for the development of apps that is flutter which is developed by Google
When compared to kotlin and flutter, flutter is user friendly and best cross-platform form development language and it is highly customizable and has a low development cost
As apps are increasing day by day job opportunities for developers and testers are also increasing by the next 10 years and the world is in human hands.
Mobile apps are expected to generate $189 billion in revenue by 2021 (source Buidfire.com). Mobile apps are projected to hit $581.9 billion in revenue in 2021. (Statista)
App revenue has risen tremendously over the past decade; this growth is forecasted to continue, with revenue projected to hit nearly $1 trillion in 2023.
source:mindsea.com
The job marketplace for Android application development is anticipated to making over 135,000 new positions in the coming 2024.(source:educba.com).
Mobile Application Developer: $94,000(source: Indeed)
