Tech is big business, most of the largest companies in the world are in this sector with the likes of Facebook, Google, Apple, and Amazon occupying the top positions in the list of the world’s richest companies.
Traditionally, people would have seen pharmaceuticals and banks as the best places to invest long terms but more and more and now turning to the tech sector to make big money.
We’re going to have a look at some of the tech trends that are likely to either continue for decades to come and new ones that are on the verge of becoming big within the next few years.
1. Cryptocurrency & NFT’s
Crypto is big business at the moment, more and more people are looking to invest and there are now so many more options than there used to be. Originally, the only real cryptocurrency with any kind of accessibility was Bitcoin with Ether coming shortly after. Now you have many big cryptocurrencies to look at including Tether, Binance Coin, Cardano, and XRP.
Obviously, crypto is a very volatile sector and over the short, to medium-term you could potentially see your investment drop a lot, but over time it will almost certainly increase substantially. Bitcoin has just seen its biggest drop in 18 months and is down to £18,500 at present but if you compare this to only 3 years ago in 2019, the price of it then was £2,800 so that is a pretty substantial return on investment and way beyond anything you could expect from a traditional stocks and shares investment.
NFT’s are reasonably new and are really taking off quickly, these are effectively digital collectibles that verify who is the original owner using the blockchain. It is becoming very popular as a way of becoming a digital art collector with people getting large collections together created by famous digital artists.
As it is in its infancy you need to be very careful about what you are buying and which marketplace you are getting it from as there are many copies and fraudulent sites operating at present. Should you find that you have been the victim of a scam it is important to get yourself some investment fraud lawyers as soon as possible.
2. Mobile Game Developers
Gaming on a phone is becoming more and more popular with each passing year, the top games rake their developers millions of pounds so investing in a company with a proven record of making popular games is going to be a great way to make some money over the next decade. One of the safest bets is the Chinese developer Tencent Games, they have generated almost $14.5bn in revenue from their game Honor Of Kings which was released in 2015.
Other popular game publishers include Niantic, NetEase, Garena, and Mixi. Mixi is responsible for Monster Strike, a game that was released in 2013 and has generated $10bn in revenue so far. There are many companies out there so it’s important to do your research, but Tencent Games would definitely be the safest option over the longer term. In 2021 Tencent’s turnover was $33bn so they are a very large corporation.
3. New Social Media Networks
A new generation of social media networks is now upon us! Instagram influencers and the perfect lifestyles that they portray have now led to a large portion of Gen Z reducing their usage and turning towards new social media networks. One of the most talked-about, up-and-coming social networks is called BeReal.
The idea behind this app is to get rid of posed photos, photo editing, and filters, you can only take a photo of yourself at the moment. The app sends you a notification at a random time of the day, you won’t know when it is coming and it will change every day, you then have 2 minutes to take a picture or you miss out, there’s no editing it, no filters, nothing. The idea is to take a picture every day, so it builds up an accurate picture of your life.
This is one of the faster-growing apps in the world at the moment, it was invented in France in 2019 and has started to grow across the Atlantic in America. Normally once it starts to take hold there it is only a matter of time before it is a mainstream app like TikTok. As is the usual case with new apps, they promote it as having no advertising but when it gets listed on the stock exchange at some point it will no doubt have large advertising revenue behind it.
Hopefully, this article has given you some useful information on potential avenues to invest in at the moment in the tech sector. As always, be careful and research everything thoroughly before investing any of your hard-earned cash.
- I am an Online Media & PR strategist at ClickDo Ltd. & SeekaHost Ltd. and a Blogger and Educator by Passion. I am also a contributor to many News, Business, Education and Lifestyle Blogs in the United Kingdom. I have completed a journalism summer course at the London School of Journalism and manage various blogs.
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