16 Feb

5 Tech Markets Projected to Grow in 2018

Posted by John Brandwagt

There are some exciting trends in the tech industry right now. As you set off into 2018, you may be wondering which sectors and markets are expected to grow. 

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One of the most exciting things about the technological field is how rapidly it grows and changes. Here are a handful of markets you may want to keep an eye on for 2018.

1. Virtual Reality

Virtual reality gained some buzz in the early 2000s and then fell off the map. It re-emerged in 2015 with force. While the public was watching other developments, the tech industry had been quietly tweaking, refining, and experimenting with VR. 

The result included innovations like Oculus Rift and other VR headsets that are taking the consumer market by storm. No one quite predicted the surge in popularity, but it put virtual reality back on the map. 

Fast-forward to 2018. The tech industry is still tweaking, refining, and perfecting VR technologies. Perhaps the most exciting development is discovering new uses for the technology. Everyone from start-ups to major companies want to know how they can use VR in future products.

2. Biotechnology

Biotechnology is a field with major promise, and it could have its moment in 2018. This field is mostly concerned with how technology can be used to do things like improve human health or make agriculture better. Think about improving crop yields, synthetic meat, and finding the cure for cancer. 

While biotech often flies under the radar of the general public, it’s one exciting field to watch in 2018.

3. Mobility Technology

There has been plenty of buzz about self-driving cars ever since Google started testing one. Although there’s been some hype, it’s only been within the last year or so that companies have begun moving from testing to seriously considering production.

So far, transport trucks have been the major target for self-driving technology. Some major car companies are now putting forward timelines for rolling out autonomous consumer vehicles.

It’s an exciting time to be involved in mobility technology. While self-driving cars may be the “big thing,” other developments are sure to follow.

4. Augmented Reality

VR’s somewhat less immersive cousin, augmented reality could really hit its stride in 2018. It leaped back to public consciousness in 2015 with games like Pokémon Go. While the frenzy around AR in the gaming world has largely ebbed away, it has left many others curious about how the technology could be put to other uses.

Some businesses are experimenting with AR marketing, incorporating augmented reality technology and content to enhance ads for the audience. Other uses are bound to follow as the technology improves.

5. Machine Learning

One of the biggest breakthroughs of the last few years has been advancements in artificial intelligence. Machine learning is one of the booming areas. AI doesn’t function very well without the ability to learn from and adapt to its environment, much like a human being would.

Machine learning is principled on the idea that if you give a robot a large enough dataset, it can “learn” anything. Think about asking your Google Home or Amazon Alexa to do the same task over and over again. Eventually, the device will “learn” you like to listen to a particular playlist at 8pm on Saturday nights.

Of course, machine learning can be used for much more than just predicting which songs you want to hear. While the technology is still imperfect, many researchers and technology professionals are excited about what the future holds. You can expect many more to join in the excitement.

These are just a few of the areas projected to see growth in 2018. They’re exciting, dynamic sectors of the technology world to be involved in. If you’re on the hunt for a new job, keep one of these growing areas in mind.

The-2017-2018-Salary-Guide-For-Information-Technology-Professionals

Topics: IT Industry

John Brandwagt

John is a Practice Leader at Inteqna. He’s been working in IT Search in Calgary since 1997. He works best with selective job seekers—those who excel at what they do and enjoy their current jobs. Since they don’t have time to look for themselves, he helps them find their dream jobs. From a client perspective, he helps organizations find the talent that will propel their business. John is involved in several of Calgary’s technical user groups and has held board roles in non-profit groups. He is a single dad of four boys who try to beat him at every physical activity from hiking to rugby.

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