The diverse panorama of investment opportunities can make personal investing a complex arena to navigate.
Whether you’re looking to make your first individual investment or diversify your investment portfolio, robust research of companies and industries that have been performing strongly will help to accurately inform your personal investment decisions.
As we approach the end of 2022 and look forward to the promise and prospects of a new year, we have compiled a list of the top five most invested industries of the year and garnered insight into these high-profile sectors that yield yet more potential for investors.
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ExploreCloud computing:
Cloud computing and storing information online has been on an upward trajectory for the last few years, with many industries and companies, as well as individuals, turning to the cloud for their online storage requirements.
Value and growth predictions:
A study by Fortune Business Insights found that in 2020 the market was valued at $219 billion and by 2028 is projected to be worth over $719 billion – a very healthy compound annual growth rate (CAGR) of 18.6%.
Pros of investing in cloud computing:
- High-value market that will continue to grow due to its pivotal role in the tech industry.
- Linked to other tech developments including mobile 5G networks, and artificial intelligence.
- Spans a multitude of markets and users which boosts reach and use.
Cons of investing in cloud computing:
- Dependent upon the internet therefore there is a potential risk that the internet going down could cause brief fluctuation in the market.
- Not always suitable to industries handling sensitive information. Despite the market being large, there are still limitations.
- Risk of data breach.
Companies to watch in cloud computing:
Salesforce (pioneering cloud CRM software), Alphabet (parent of Google), Amazon, Microsoft, Adobe, Zoom Video Communications, DigitalOcean.
Big data:
Data makes the modern-day world go round and the demand for data-driven services is core to the digital transformation spanning every industry, with big data companies specialising in everything from data analysis to data storage.
Value and growth predictions:
In 2020, the value of the big data market industry was $198.08 billion, and by 2030 is predicted to reach $684.12billion.
This is an impressive CAGR of 13.5%.
Pros of investing in big data:
- Investment in research and data for your business, helps better engagement with customers. Investment aids economic growth.
- Data can be monetised.
Cons of investing in big data:
- Data can be very expensive to invest in.
- Investing in big data isn’t a quick fix – its ROI is a slow burn.
Companies to watch in big data:
IBM, Alteryx, MongoDB, Splunk, Elastic, Snowflake, Datadog, Cloudera.
Artificial intelligence:
Artificial intelligence (AI) has revolutionised businesses and whole sectors by enabling them to automate essential tasks through state-of-the-art technologies used in day-to-day processes.
Value and growth predictions:
The value of the AI market is currently $87.04billion, a $50billion increase from 2019. It is forecasted to reach $97.9billion by next year.
Another source states that AI is expected to reach a compound annual growth rate of 40.2% by 2028, one of the highest CAGRs of the industries in this article.
Pros of investing in artificial intelligence:
- AI investments further humankind’s technological development.
- As the industry grows, more of a return will be made. It is unlikely that return will drop.
Cons of investing in artificial intelligence:
- AI will take jobs, posing a morality question with investing in AI.
Companies to watch in artificial intelligence:
Microsoft, Alphabet, Amazon, Meta Platforms, Nvidia, Adobe, IBM, Tesla.
Cybersecurity:
Cybersecurity – the application of technology and controlled processes that protect online systems, networks, programs, devices, and data from cyber-attacks – is growing at a rapid pace and shows no signs of slowing down.
Value and growth predictions:
Already worth an impressive $155.83billion in 2022, the cybersecurity market is forecasted to reach $376.32billion by 2029, recording a compound annual growth rate of 13.4%.
Pros of investing in cybersecurity:
- It’s a necessity and is used by everyone. In an increasingly online world, it’s a priority for organisations and individuals to keep their data safe.
- Continual service with constant returns.
Cons of investing in cybersecurity:
- The industry has a complex technological framework that can be challenging to navigate.
Companies to watch in cybersecurity:
Palo Alto Networks, Zscaler, CrowdStrike, SentinelOne, Darktrace, Netskope, Illumio, Menlo Security, McAfee, Okta, Microsoft.
Green energy:
Sustainability is the ethical priority traversing almost every industry, business, country, and household in the world. green energy is gaining pace as we near crisis point in our planet’s health and many new innovations and investment opportunities are emerging from the frontiers of sustainability.
Value and growth predictions:
green energy has increased by nearly 100% in the last decade.
Just two years ago, the worldwide green technology and sustainability market size was valued at $10.32 billion.
By 2032, is predicted to reach $74.64billion, reaching a CAGR of 21.9%.
Pros of investing in green energy:
- Renewable energy resources won’t run out; they are sustainable and there will almost always be a return.
- Reliable and undisturbed by politics and economics.
- Furthers our world’s development and protects its future.
- Helps save money on energy prices.
- An ethical and environmentally friendly investment.
Cons of investing in green energy:
- Dependent on natural conditions such as weather and daylight. Return may be seasonal.
Companies to watch in green energy:
Tesla (green transport), Vestas (wind), Ørsted (wind), Sunrun (solar), Stem Inc (AI-enabled smart energy storage), Plug Power (hydrogen fuel cell systems).
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