Peek Into The Future With Emerging Technology Stats Of 2024!

Emerging technologies are at the forefront of technological development. Businesses are investing millions of dollars in emerging tech research, as it holds immense potential to reshape industries and enhance our lives.

From the growing adoption of IoT devices to the potential of quantum computing, these facts, figures and stats offer a glimpse into the future of technology and its potential to transform our world. As technological advancements continue to unfold, it is vital for businesses, organizations and even individuals to stay informed about the latest trends in technology. (On that note, did you check out our latest Technology Trends of 2024 yet?)

If you’re excited to embrace transformative technologies to thrive in the modern era, here are 21 amusing and fascinating facts Emerging Technology stats that are sure to enlighten you. Read on!
 

Peek Into The Future With Emerging Technology Stats Of 2024!

 

• 37% increase in labor productivity will be achieved through the integration of Artificial Intelligence and Machine Learning by 2025. This increase in productivity from AI/ML can lead to higher efficiency, reduced operational costs and increased profitability for businesses. - Source: itransition

• 71% of marketers expect Generative AI to eliminate busy work and allowing them to focus more on strategic tasks. This highlights the potential for Generative AI to enhance marketing productivity and creativity, allowing marketers to achieve better campaign performance and customer engagement. - Source: Salesforce

• 30% increase in productive efficiency is expected in organizations that enhance their activities using robots. The substantial increase in efficiency for businesses that integrate robotics into their operations can lead to cost savings, improved outputs and a competitive advantage in their industry. - Source: Tech Report

• 82% of companies need employees with machine learning skills, while 73% of business leaders believe machine learning will double the productivity of their workforce. This stat shows the increasing demand for machine learning skills within the workforce and the potential for significant productivity gains it brings to the business sector. - Source: Zippia

• 1.3 trillion dollars in value will be added to the automotive, chemicals, financial services and life sciences industries by 2035 with the adoption of quantum computing. This indicates a significant potential for quantum computing to drive economic growth, business innovation and value creation across various sectors. - Source: McKinsey

• 90% of global businesses are expected to adopt robotics by 2030. The widespread adoption of robotics is likely to lead to overall improvements in productivity, quality and cost efficiency across various industries. - Source: Strategic Market Research

• 75% of the global population will frequently use Augmented Reality by 2025. This significant figure indicates that Augmented Reality is becoming increasingly mainstream and is likely to become a ubiquitous technology in the coming years. - Source: Deloitte

• 30% year-on-year increase was observed in the first two months of 2023 for battery electric vehicle sales, surpassing the overall year-on-year car sales increase of just over 10%. As the demand for electric vehicles rises, businesses involved in manufacturing, supplying components and offering ancillary EV services stand to benefit from an increased market for electric vehicle-related products and technologies. - Source: iea

• 97% of organizations encounter challenges in extracting value from IoT-related data despite 54% of enterprise IoT projects having cost savings as the primary revenue driver. This stat emphasizes the importance of cost efficiency and data management in enterprise IoT projects, guiding businesses to focus on these areas for successful IoT implementation in the coming years. - Source: Tech Report

• 40 million people globally (0.5% of the world's population) currently use blockchain technology, with this number expected to rise significantly in the next 10 years. The increasing user base presents a growing market for blockchain-based products and services, with blockchain businesses expected to cater to a larger audience within the decade. - Source: Edureka

• 30% of outbound corporate messages are expected to be AI-generated by 2035. This fact highlights the growing role of Generative AI in business communications to drive efficiency while enhancing personalization in customer outreach. - Source: Gartner

• 46% of finance apps are based on Web 3.0 technology, indicating the significant integration of Web 3.0 strategies in the financial sector. The use of Web 3.0 in financial technology offers benefits such as enhanced security, transparency, decentralization and efficiency, which positively impacts businesses operating in the industry. - Source: Banklesstimes

• 1.4 billion people are expected to be metaverse users by 2030, with a three-fold growth in the same period expected to bring user penetration to 18%. This stat indicates a growing user base for the metaverse, presenting a significant market for businesses to target consumers with metaverse-related products and services. - Source: Tech Report

• 15.14 billion Internet of Things devices will exist by 2023, with remote asset monitoring set to be the most popular use case for IoT. The widespread adoption of IoT devices indicates the increasing integration of the technology in various industries, offering businesses the potential to improve efficiency across verticals. - Source: Exploding Topics

• 5 trillion dollars is the projected valuation of the Metaverse by 2030. This highlights the significant growth opportunity in immersive experiences across several digital sectors in the coming decade. - Source: McKinsey

• 28.7 million units of Augmented Reality and Virtual Reality headsets are expected to be shipped globally by 2023. This highlights the significant growth opportunity for businesses embracing AR/VR technology, as customers demand more immersive experiences. - Source: Digital Tripathi

• 710.21 billion dollars is the expected valuation of the metaverse gaming market by 2027, showing significant growth from its 2023 market value of merely $13.84 billion. This indicates a significant growth opportunity for the metaverse gaming industry, presenting opportunities for game developers and immersive platform businesses to create and monetize metaverse-based games and experiences. - Source: Tech Report

• 20 to 50% of components currently make technical and economic sense for 3D printing, with this percentage predicted to grow over time. This means that more and more components will be suitable for 3D printing in the future, which will lead to cost savings and increased efficiency in manufacturing. - Source: The Manufacturer

• Up to 30% of new drug launches could involve Generative AI by 2025. This demonstrates the potential impact of Generative AI on the healthcare industry, helping to accelerate research and development for more effective medical treatments. - Source: Gartner

• 17% of IT companies are investing or planning to invest in the metaverse soon. This highlights that there is a growing interest and investment in metaverse technologies within the IT industry, as it presents opportunities for collaboration between IT companies and metaverse developers. - Source: Tech Report

• 18% growth is anticipated in the IoT devices market by 2023, with the projected number of connected IoT devices reaching 27 billion by 2025. The proliferation of IoT devices across industries is offering businesses opportunities for data collection, analysis and automation, further boosting IoT adoption. - Source: IoT Analytics

 

It’s A Wrap – Not Really!

Well, there you have it! These 21 exciting facts about emerging technology showcase the incredible potential of technologies that are set to transform our world soon. From IoT to robotics and Generative AI to the metaverse, emerging technologies are driving innovation and shaping the future of our economy and society. We hope you enjoyed these mind-blowing stats and that they inspired you to explore the possibilities of emerging tech! (Check out the top emerging technology trends of 2024 while you’re at it!)


Ohh, didn’t we mention that we will be adding more updated stats and facts on the latest advancements in technology? So, don't forget to check back soon! Who knows what exciting developments the world of emerging technology holds?