Money isn’t everything, but it sure does make a lot of things possible. If you are looking for newer, better ways to see your bank account grow, these are the five industries you should consider investing in.
1. Augmented/Virtual Reality
Billions of dollars are being invested in the latest and greatest augmented reality (AR) and virtual reality (VR) inventions. Virtual reality is all about stimulating your senses, while augmented reality causes the same sensory responses, but at a higher level with the use of projected computer-generated images.
Some of the biggest names in the industry, including Google, Microsoft, and Facebook are funding projects that hope to make VR and AR inventions mainstream gadgets.
Google’s first attempt at making it in the AR/VR world, Google Glass, wasn’t as successful as the company hoped. But they are already making waves with Google Cardboard, an invention that, according to reports, has the potential to change the VR world.
But Google isn’t the only one with a VR/AR gadget worth getting excited about. Facebook dedicated $2 billion to Oculus, a virtual reality headset, and Microsoft has been hard at work with HoloLens.
According to Reuters, virtual reality, as an industry, has the potential to become a $40 billion market by 2020.
Some of the most inventive entrepreneurs are reimagining the way we experience virtual and augmented reality. Virtual reality and augmented reality is no longer just for those interested in the hottest video game. In years to come, we will see VR/AR technology utilized in education, customer support, and more. It is an industry that is not only worth investing it for financial purposes, but an area full of exciting, newsworthy inventions.
2. Internet of Things(IoT)
Thanks to advanced technology, smartphones are practically old news. These days, everything from the lighting in our homes to the appliances we use to store and cook our food can be networked to make our lives easier. It’s all thanks to the Internet of Things or IoT.
IoT, by definition, is how the internet of computing gadgets, built into everyday things, allows them to send and receive data.
In 2014, Google acquired NEST, a network thermostat company, for $3.2 billion. It was yet another smart move by Google and gave NEST the significant boost it needed within the business of home automation.
The IoT market also includes applications that can be used in healthcare to simplify and modernize tasks like hospital operations and patient monitoring.
It’s nothing short of exciting to imagine the possibilities within the IoT industry.
3. The Sharing Economy
With each passing day, companies like Uber and Airbnb become more popular, so it makes sense that the sharing economy is an industry in which you will want to invest. Apps make it easier than ever to share your home, car, bike, and more when you are not using them, and those applications are driving a billion dollar industry.
According to Forbes, Uber is now worth over $62 billion after it received several billion dollars from Saudi Arabia’s sovereign wealth fund.
Frost & Sullivan forecast the transportation industry is one of the most promising industries for investors and CNBC reported that the transportation industry has a forecasted job growth of 108 percent as well as a predicted stock market 10-year gain of 125.82%.
4. Decentralized Gambling
Online casinos aren’t new. In fact, they have been around for decades. But more recently, the gambling industry is offering decentralized casinos to create more balance between play satisfaction and house earnings. What does that mean for you? It means you may actually have a chance to beat the house edge.
Decentralized gambling means total transparency when it comes to gambling, transactions, and crypto storage, all while players can still enjoy classic online casino games, like the ones offered by the Top Ten Casinos.
If you are curious as to how online casinos will still make money, know that they are essentially counting on you to make a mistake. That’s all the more reason for you to study the game you love and improve your skills so you can win big.
One significant advantage of decentralized casinos is the ability for them to provide a crypto platform that accommodates more accessible decentralized peer-to-peer-traded currencies. Additionally, crypto transactions can be almost instant, instead of having to wait days like you may have to with a traditional casino.
Still, it’s important to know and understand the rules, standards, and guidelines before diving into online gambling.
5. Big Data
Without Big Data, businesses will be unable to grow and succeed, according to McKinsey. Essentially, if a company is not relying on Big Data, it won’t be able to keep up with a competitor that is.
Big Data and technology services across the globe are predicted to reach $48.6 billion by 2019 because of the number of industries utilizing Big Data.