Technology Statistics 2024

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Technology has been rapidly evolving over the past few decades, and its impact on our lives cannot be ignored. But do we really understand the extent of this impact?

The rise of technology has brought about a significant shift in how we communicate, work, learn, and entertain ourselves. We use technology for everything from checking the weather forecast to conducting business meetings with people on the other side of the world.

In this article, we will explore some interesting statistics related to technology usage and adoption around the world. By understanding these figures, we can better appreciate how much our lives have been transformed by technology – and get a glimpse of what’s still to come.

From internet penetration rates to device ownership trends, let’s dive into some fascinating numbers that shed light on our current technological landscape.

Technology

Technology is the application of scientific knowledge to the practical aims of human life or, as it is sometimes phrased, especially in industry.

1General Technology Statistics

2Technology Statistics

3Internet Statistics

4Mobile Technology Statistics

5AI and Machine Learning Technology Growth Statistics

6Big Data Statistics

7Internet of Things (IoT) Statistics

8Future Trends in Technology Growth

General Technology Statistics

Technology has become the dominant force in the current business world, replacing the isolated department model of the past. Here are some general technology statistics:

Globally, there are about 1.35 million tech startups around the world.
The number of smart devices collecting, analyzing, and sharing data should hit 50 billion by 2030.
The global internet penetration rate in 2022 is around 63%.
The computing and processing capacity of computers hits double figures every 18 months.
The world will produce 463 exabytes of data by 2025.
By 2030, 500 billion devices will be connected to the internet.
5 billion people use the internet.

Technology Statistics

1. 63% of people around the world use the internet

According to a report by Data Report, 63% of people worldwide use the internet. With a global population of approximately 7.9 billion, that translates to around 5 billion internet users. The number of internet users has been steadily increasing, with a growth rate of 4% since 2021. This means that 192 million new users have joined the internet in just one year.

The internet has become an integral part of our daily lives, from shopping and entertainment to work and education. It’s no surprise that more and more people are coming online every day. The pandemic has also accelerated the adoption of digital technology, with many people relying on the internet for communication, entertainment, and work.

With the increasing number of internet users, businesses need to have a strong online presence to reach their target audience. This is where SEO comes in. Search Engine Optimization (SEO) is the process of optimizing a website to rank higher on search engine results pages (SERPs) and attract more organic traffic.

2. $183.18 billion – that is how much the web hosting services marketplace is expected to have generated by 2026

The web hosting services marketplace is a rapidly growing industry that has seen a significant increase in value in recent years. In 2017, it had a value of $32.12 billion, which rose to $60.90 billion in 2018. By maintaining an impressive Compound Annual Growth Rate (CAGR) of 15.1%, experts predict that the web hosting industry will surpass $100 billion in the next few years due to the growth of the global tech market.

Furthermore, according to recent forecasts, the web hosting industry is expected to have generated around $183.18 billion by 2026. This demonstrates the immense potential for growth and the fierce competition between hosting providers to dominate the market.

As businesses continue to shift online and more individuals create websites for various purposes, the demand for reliable web hosting services will continue to grow. Hosting providers that can offer the most competitive pricing, robust security, and reliable uptime are likely to dominate the market and attract a significant portion of this growing customer base.

3. There are 5.32 billion unique mobile phone users

in recent times. According to the latest statistics, there are now over 5.32 billion unique mobile phone users around the world. This number has grown by 95 million in the last year alone, reflecting a growth rate of 1.8% compared to the previous year.

One of the most remarkable things about this growth is the rate at which people are upgrading to smartphones. In fact, for every five mobile phones in use, four are smartphones. This trend is expected to continue, as more people see the benefits of owning a smartphone, including internet access, access to apps, and the ability to use mobile payment systems.

With the growing number of mobile phone users, businesses need to optimize their online presence for mobile devices. This means creating websites and content that are mobile-friendly, easy to navigate, and quick to load on smaller screens. Failure to do so could result in lower search engine rankings, reduced traffic, and ultimately, lost sales.

Therefore, businesses should prioritize optimizing their websites for mobile devices to stay competitive in today’s digital landscape. This will require investing in the right technology, optimizing for mobile search engines, and testing regularly to ensure optimal performance on mobile devices. By doing so, businesses can tap into the growing number of mobile phone users and maximize their reach and revenue potential.

4. By 2025, there will be 75 billion connected devices in the world

According to reports, there will be 75 billion connected devices globally by 2025. This figure highlights the immense growth of Internet of Things (IoT) technology, which includes devices such as smartwatches, slow cookers, smartphones, and smart meters, among others. The devices are expected to triple by 2025 compared to the figures in 2019.

The surge in IoT technology can be attributed to increased connectivity and the need for a more efficient and automated lifestyle. With IoT, everyday devices can be controlled and managed remotely, creating a more comfortable and convenient environment. For instance, individuals can control their home appliances and systems using their smartphones or other connected devices.

The trend is expected to continue, and by 2030, each consumer is estimated to own approximately 15 IoT devices. The technology’s potential to enhance various aspects of life, such as healthcare, transportation, and energy, among others, makes it a crucial factor in the global technology market’s growth. Therefore, more investments and advancements in technology are expected to occur in the coming years.

5. Users query Google about 8.5 billion times per day

People rely on search engines like Google to find information and answers to their queries. According to recent statistics, users perform over 8.5 billion searches on Google every day, making it one of the most popular websites in the world.

The sheer volume of daily queries shows just how important search engines have become in our daily lives. People use search engines to find anything from recipes and local businesses to medical information and news articles. This immense demand for information drives the search engine industry to continually improve and innovate its services.

To put the numbers into perspective, that’s roughly 99,000 searches per second or close to 9 billion queries each day. This staggering number highlights the need for businesses and websites to optimize their content for search engines to increase their visibility and reach their target audience.

With such a vast number of daily searches, it’s essential to ensure that your website ranks high in search engine results pages (SERPs). This can be achieved through various SEO techniques, such as keyword research, content optimization, link building, and more. By investing in SEO, businesses can attract more organic traffic to their website, increase their brand awareness, and drive conversions.

6. The need to reach new customers is the primary factor pioneering technological growth in the last few years (46%)

Technological growth has been on the rise in recent years, with businesses looking for ways to improve their operations, reach new customers, and expand their business lines. According to technology adoption statistics, the need to reach new customers is the primary factor driving technological growth, accounting for 46% of the driving force.

Other factors driving tech growth include selling new business lines, with 38% of businesses adopting new technology to expand their product lines and enter new markets. Improving business operations is another significant factor, with 41% of businesses adopting new technology to streamline their processes and improve efficiency.

Improving sales and marketing is also a critical driver of technological growth, with 35% of businesses investing in new technology to enhance their marketing strategies and reach more customers.

Finally, improving standard internal processes is also an important factor, with 33% of businesses adopting new technology to improve their internal workflows and optimize their operations.

7. By 2040, 95% of purchases will be online

The world is becoming more digital, and it’s changing the way people shop. It is projected that by 2040, 95% of all purchases will be made online. This is a significant increase from the current online shopping rate, which is around 14% of all retail sales. This shift in consumer behavior is being driven by various factors, including convenience, affordability, and accessibility.

Online shopping has become increasingly popular over the years, with more and more people turning to ecommerce platforms to purchase products and services. According to technology growth statistics, the ecommerce market has grown significantly over the last decade, with a compound annual growth rate (CAGR) of 14.7%. This growth is expected to continue, with experts predicting that the ecommerce market will reach $4.9 trillion by 2025.

There are many reasons why online shopping has become so popular. One of the primary reasons is convenience. With the click of a button, consumers can purchase products and have them delivered straight to their doorstep. This eliminates the need to physically go to a store, saving time and effort. Online shopping is also more accessible than ever before, with more people having access to the internet and mobile devices.

Another factor driving the growth of online shopping is affordability. Online retailers are often able to offer lower prices than traditional brick-and-mortar stores due to lower overhead costs. Consumers can compare prices across multiple retailers to find the best deals and discounts, making online shopping a cost-effective option.

Social media has become an integral part of our daily lives, allowing us to connect with friends and family, share our thoughts, and consume content. The massive adoption of social media platforms is evident from the fact that over 4.65 billion people use social media, which accounts for about 58.7% of the world’s population. This number has increased by 326 million since 2021, according to technology statistics for 2022.

It’s also worth noting that social media usage is not limited to a particular demographic group. People of all ages, genders and backgrounds use social media to stay connected and informed. In fact, over 90% of internet users regularly visit social networking sites, making them a powerful channel for communication, marketing, and outreach.

The widespread adoption of social media has created a huge market for businesses to tap into. By building a strong social media presence, companies can engage with their target audience, build brand awareness, and drive sales. Social media platforms offer a range of advertising and marketing options that allow businesses to target their ads to specific groups of users based on their interests, demographics, and behaviors.

Internet Statistics

The internet has had a significant impact on the world, and users spend a considerable amount of time engaged in various activities such as browsing, shopping, communicating, and interacting online.

9. There are more than 5.1 billion active users on the internet, with Asia comprising more than 50% of total internet traffic

The number of active internet users has been growing steadily over the past few years, and as of 2022, there are more than 5.1 billion active internet users around the world. This represents a significant increase from the 4.54 billion internet users in 2020, and it is expected to continue growing in the coming years.

One interesting insight from this statistic is the regional distribution of internet users. Asia comprises more than 50% of total internet traffic, making it the region with the highest number of internet users in the world. This is largely due to the massive population of countries such as China and India, which have experienced significant economic growth and urbanization in recent years, leading to increased internet adoption.

In addition, the increase in mobile technology has also played a significant role in the growth of internet usage in Asia. With the prevalence of affordable smartphones and easy access to mobile data plans, people in this region have been able to access the internet more easily than ever before.

Another insight from this statistic is the potential for businesses to reach a large audience through online channels. With more than 5.1 billion active internet users, businesses that have a strong online presence can reach a vast and diverse audience. This can be particularly beneficial for businesses that operate on a global scale or for those looking to expand their customer base beyond their local market.

However, it’s important to note that internet usage and online behavior vary greatly between different regions and cultures. Therefore, businesses looking to target international audiences should take the time to understand the specific online habits and preferences of their target market to create effective online marketing strategies.

10. 4.28 billion users access the web via mobile internet

In today’s world, mobile phones have become an essential part of our lives. It is no surprise that mobile internet usage has grown exponentially over the years. As per recent technology adoption statistics, there are currently 4.28 billion mobile internet users worldwide. That means more than half of the world’s population is accessing the internet through their mobile phones.

The convenience and portability offered by mobile devices have significantly contributed to the rise in mobile internet usage. People can easily access the internet on the go without having to carry bulky laptops or find a Wi-Fi hotspot. As smartphones continue to become more affordable, internet access is becoming more accessible to people worldwide.

This surge in mobile internet usage is also transforming the way businesses operate. Companies are shifting their focus towards mobile optimization, ensuring their websites and online platforms are mobile-friendly to cater to the growing mobile audience. Additionally, businesses are leveraging mobile marketing strategies, such as mobile ads, in-app ads, and SMS marketing, to reach their target audience effectively.

The rise of mobile internet usage also presents several challenges, such as data privacy concerns and internet security threats. With more people accessing sensitive information through their mobile devices, it is crucial to ensure the security of their data and information. Businesses and individuals must take necessary precautions to safeguard their mobile devices and online accounts from cyberattacks and data breaches.

12. More than 90% of Americans have internet access, with 77% reporting broadband access at home

The widespread adoption of the internet and digital technologies is changing the way people live and work. One of the most significant changes has been the increased connectivity and access to information that the internet provides. According to recent statistics, more than 90% of Americans have internet access, indicating that the internet has become an essential part of daily life for the majority of people in the United States.

The rise of smartphones and other mobile devices has made it easier than ever for people to stay connected to the internet. As a result, internet usage has increased significantly in recent years, and today, more than 4.5 billion people around the world have mobile internet access. This trend is likely to continue in the coming years, as more people in developing countries gain access to affordable smartphones and mobile data plans.

Furthermore, the majority of Americans report having broadband access at home, indicating that they have high-speed internet access that allows them to use a range of online services and applications. This high level of broadband adoption is significant, as it enables people to work and learn from home, stream video content, and access a range of other online services that are essential for modern life.

Mobile Technology Statistics

Internet traffic growth statistics tell that over the last decade, mobile usage has been on the rise, even surpassing desktop web traffic for the very first time in late 2015. Almost anything can now be achieved on mobile. Check out some of these mobile tech statistics to discover how vital technological advancements on mobile have become.

13. 58.26% of internet traffic comes from mobile phones

continues to evolve, its significance in shaping our digital behavior is increasing day by day. According to the technology growth statistics for 2022, mobile phones have emerged as the primary device for accessing the internet, with 58.26% of internet traffic coming from mobile phones. This marks a significant increase from the 10.88% recorded in 2012, demonstrating the accelerating pace of the mobile revolution.

This growth in mobile internet usage has been facilitated by the increasing penetration of smartphones, which are becoming more affordable and accessible, even in developing countries. Additionally, the rapid rollout of high-speed 4G and 5G networks has further spurred mobile internet usage, as they offer faster internet speeds and more reliable connections, making it easier to access data-intensive services like video streaming and online gaming.

The rise of mobile internet usage has had a profound impact on various industries, including e-commerce, social media, and online advertising. Businesses are increasingly adopting mobile-first strategies to reach and engage customers, recognizing that most internet users are accessing their websites or apps through mobile devices. This has led to the emergence of new advertising formats that are specifically designed for mobile devices, such as in-app ads and mobile video ads.

14. Mobile vs. desktop internet usage shows that 52.7% of traffic comes from phones

The way people access the internet has drastically changed over the years. With the advent of smartphones, people are more likely to use their mobile devices to access the internet. As per internet traffic growth statistics, in 2022, more than half of the total internet traffic comes from mobile phones, which is about 53%. This indicates that people are increasingly relying on their mobile phones for internet usage, whether it’s browsing, shopping, or social media.

The rise in mobile internet usage can be attributed to several factors, such as the increasing affordability of smartphones, improved network connectivity, and the development of mobile-friendly websites and applications. In the past, accessing websites on mobile phones was a cumbersome experience due to slow internet speeds and websites not optimized for mobile viewing. However, with technological advancements, mobile internet usage has surpassed desktop internet usage.

Businesses need to recognize this trend and optimize their online presence for mobile devices. Mobile optimization is key to providing a seamless and user-friendly experience to mobile users, resulting in higher engagement and conversion rates.

Furthermore, businesses need to ensure that their websites and applications are responsive, fast, and easy to navigate on mobile devices. Failure to do so can lead to lower engagement rates and ultimately loss of potential customers.

As the world continues to become more mobile-centric, businesses need to adapt to this shift in consumer behavior and embrace mobile optimization to stay competitive in the market.

15. With 53.23% usage, Safari is the most popular mobile browser in the US. Google Chrome takes second place with 41.03%

The usage of mobile browsers in the United States is dominated by two major players: Safari and Google Chrome. According to mobile browser statistics, Safari takes the lead with 53.23% of usage, while Google Chrome follows with 41.03%. This implies that more than half of mobile users in the US are accessing the internet via the Safari browser, which is the default browser on iPhones and iPads.

Safari’s popularity can be attributed to the large number of iPhone users in the US, with iPhone being one of the most popular mobile devices in the country. Additionally, the browser is known for its speed, efficiency, and security features, which makes it a top choice among mobile users.

On the other hand, Google Chrome’s popularity is due to its compatibility with various operating systems, including Android and iOS, and its user-friendly interface. As the most popular desktop browser worldwide, Chrome also has a strong following on mobile devices.

This statistic is crucial for website developers and marketers who need to ensure that their websites are optimized for both Safari and Chrome, the top mobile browsers in the US. It is also vital for businesses that rely on web traffic and advertising revenue to consider which browser their target audience is most likely to use when developing their online strategies.

16. People check their mobile phones about 150 times daily

Mobile phones have become an integral part of modern society, with people relying on them for a wide range of functions, from communication to entertainment. As technology grows, so does our dependence on mobile devices. According to a study, people check their mobile phones an average of 150 times a day. That’s roughly once every six and a half minutes!

This addiction to mobile phones can be attributed to the convenience that they offer. Mobile phones are portable and easily accessible, allowing us to stay connected with others and the world around us at all times. In addition, mobile phones offer a range of features that keep users engaged, from social media apps to gaming and streaming services.

Despite the convenience that mobile phones offer, excessive use can have negative consequences on mental health and productivity. Overuse of mobile devices has been linked to increased stress, anxiety, and decreased attention span. It is therefore essential to strike a balance between the benefits of mobile technology and the potential drawbacks of overuse.

17. 80% of smartphone users make use of their phones during physical shopping

In today’s digital age, smartphones have become an indispensable part of our lives. We use them for various activities like communicating with others, consuming media, and even shopping.

According to recent technology statistics, about 80% of smartphone users make use of their phones during physical shopping. This means that consumers use their phones to gather information on products they are interested in or to find alternative stores where they can compare products and prices.

For retailers, this presents a significant opportunity to tap into mobile technology to boost sales and improve the customer experience. Business owners can take advantage of this trend by ensuring that their websites and online stores are mobile-optimized, making it easier for customers to browse and make purchases using their smartphones.

In addition, retailers can use mobile technologies like augmented reality and virtual reality to provide customers with a more immersive and engaging shopping experience. By offering innovative and personalized mobile experiences, retailers can build customer loyalty and differentiate themselves from competitors.

Moreover, retailers can use mobile technologies to collect valuable data on customer preferences, behavior, and buying patterns. This data can be used to make informed decisions about product offerings, pricing strategies, and marketing campaigns.

18. 95.1% of the Facebook audience access the platform through their mobile phone

Mobile-first has become a standard in the tech industry, with Google, LinkedIn, and other platforms embracing it. The reason for this is simple – mobile devices account for the majority of internet traffic, and the trend is expected to continue to rise.

For instance, 95.1% of the Facebook audience accesses the platform via mobile phones.

Mobile optimization is crucial for businesses that want to reach out to their target audience on social media platforms, considering that the majority of users access these platforms through their mobile devices. Brands need to adapt their social media strategy to ensure that their content is optimized for mobile devices and that their websites are responsive to mobile screens.

The mobile trend has also created new opportunities for businesses to reach their target audience through mobile advertising. Mobile advertising has seen tremendous growth in recent years, with businesses investing more in mobile ads to reach their target audience where they spend most of their time. As such, companies that invest in mobile advertising stand to benefit greatly from the trend.

In summary, mobile devices have revolutionized the way we access and use the internet. Businesses that want to remain competitive must adapt to the mobile trend and ensure their online presence is optimized for mobile devices. The mobile-first standard is here to stay, and companies that embrace it stand to benefit from increased website traffic, better conversion rates, and a wider reach.

19. About 56% of parents who have kids aged between 8 and 12 years have purchased mobile phones for them

As technology continues to grow, children are becoming more exposed to its use, with many parents feeling the need to provide mobile phones for their kids aged between 8 and 12 years. The trend is demonstrated by the fact that about 56% of parents in this age group have purchased mobile phones for their children. The rise in mobile phone ownership among children presents unique challenges to parents in managing their kids’ access to information, communication, and entertainment.

To address these concerns, parental control software has become an essential tool for many parents. This software allows parents to monitor and control their children’s online activity, including the sites they visit, the apps they use, and the time spent on their devices. Additionally, it helps parents keep their children safe from inappropriate content, cyberbullying, and online predators.

As technology continues to advance, the need for parental control software is likely to increase. Parents need to keep up with the latest trends and be proactive in managing their children’s access to technology.

AI and Machine Learning Technology Growth Statistics

The future of AI and machine learning appears to involve substantial growth and expansion. According to Monster.com, machine learning, deep learning, and NLP are currently the most sought-after skills in the job market.

20. Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030

Artificial Intelligence (AI) has been a buzzword for a few years now, and it’s only getting bigger. In recent years, technology has made great strides, with more and more companies investing in AI research and development. The technology’s potential impact on the economy is staggering. According to a study conducted by PwC, AI is expected to contribute $15.7 trillion to the economy by 2030.

The benefits of AI are numerous, with the technology being utilized across various industries, from healthcare to manufacturing to transportation. AI is helping companies save time and money by automating repetitive tasks and increasing efficiency. Additionally, AI is being used to identify patterns in large datasets, enabling companies to make more informed business decisions.

The adoption of AI is not without its challenges, however. Many people are concerned about the potential job losses that could result from the technology’s increased use. Additionally, there are concerns about the ethical implications of AI, particularly as it relates to privacy and data protection.

Despite these challenges, the potential benefits of AI are too great to ignore. As technology continues to evolve, it will be interesting to see how it impacts the economy and the way we live and work.

21. The global machine-learning market is to grow to $152.24 billion in 2028 at a CAGR of 38.6%

The global machine-learning market has experienced significant growth in recent years, with projections estimating that it will grow to $152.24 billion in 2028. This is based on a compound annual growth rate (CAGR) of 38.6%, which highlights the increasing demand for machine-learning solutions across industries.

This growth can be attributed to the increasing need for automation and predictive analytics, as well as the development of advanced algorithms that can process large amounts of data. Additionally, the rise of cloud computing has made machine learning more accessible and cost-effective for businesses of all sizes.

Several industries are driving the growth of the machine-learning market, including healthcare, finance, retail, and manufacturing. In the healthcare industry, for instance, machine learning is used for disease diagnosis, drug discovery, and personalized treatment plans. In finance, it is used for fraud detection, credit risk assessment, and algorithmic trading.

In retail, machine learning is used for personalized recommendations, inventory management, and customer service. And in manufacturing, it is used for predictive maintenance, quality control, and supply chain optimization.

As the benefits of machine learning become increasingly apparent, it is expected that the market will continue to experience significant growth in the coming years, providing businesses with powerful tools to improve operations and drive growth.

22. Machine learning will power 8.4 billion voice assistants by 2024

The use of voice assistants has increased significantly in recent years, and the trend is set to continue with predictions stating that by 2024, 8.4 billion voice assistants will be in use. This means that about every person on the planet will have access to a voice assistant. Machine learning is playing a significant role in the development of these voice assistants as it enables them to learn from data and improve their performance. With machine learning, voice assistants can recognize and understand natural language, interpret user intent, and personalize responses to user queries.

This growth in the use of voice assistants is attributed to the convenience and hands-free nature of voice commands, making it easy for users to interact with their devices while performing other tasks. In addition, voice assistants are increasingly being integrated into various smart devices, including smartphones, smart speakers, smartwatches, and even cars, making them even more accessible to users.

The potential uses of voice assistants are numerous and range from simple tasks such as setting alarms and playing music to more complex tasks such as ordering groceries and controlling smart home devices. As machine learning continues to improve the capabilities of voice assistants, their potential uses and impact on society are only set to grow.

The impact of Artificial Intelligence (AI) on businesses is expected to be significant in the coming years. According to predictions, companies that adopt AI technology will experience a significant increase in their efficiency levels, which will translate into improved productivity and profitability.

By 2025, firms that have integrated AI into their operations are expected to be 10 times more efficient than those that haven’t.

Furthermore, these AI-enabled companies are likely to have twice the market share of their competitors who are yet to adopt AI. This is because AI allows businesses to automate and optimize their processes, leading to faster and more accurate decision-making, enhanced customer experiences, and increased revenues.

In today’s rapidly changing business environment, companies must keep up with the latest technology trends to remain competitive and meet the evolving needs of their customers.

24. 60% of entrepreneurs believe that AI is currently the most promising technology from an innovation standpoint

Advancements in technology have revolutionized the world of entrepreneurship. Entrepreneurs are constantly seeking new ways to improve their business operations, and one of the most promising technologies is artificial intelligence (AI).

A recent survey found that 60% of entrepreneurs believe that AI is currently the most promising technology from an innovation standpoint.

AI has a wide range of applications in the business world, from automating routine tasks to predicting customer behavior. With the help of AI, businesses can improve efficiency, reduce costs, and increase productivity. AI can also help businesses make better decisions by analyzing vast amounts of data and identifying patterns that humans may not be able to see.

As AI technology continues to evolve, it is expected to become even more powerful and transformative. Entrepreneurs who embrace AI will be better positioned to stay ahead of the competition and take advantage of new opportunities.

However, it is important to note that AI is not a magic solution and businesses must still develop effective strategies for incorporating AI into their operations.

25. 91.6% of Fortune 1000 companies have plans to invest more in big data and AI initiatives

Big data and artificial intelligence have been game-changers for businesses worldwide. According to recent statistics, 91.6% of Fortune 1000 companies plan to invest more in these initiatives. The reason is simple – with big data and AI, companies can analyze large amounts of data and gain insights into customer behavior, market trends, and even their internal processes.

With this information, companies can make data-driven decisions that lead to more efficient operations, higher profits, and greater customer satisfaction. For example, AI-powered chatbots can handle customer queries, allowing companies to save time and money while providing better customer service.

As businesses continue to adopt these technologies, we can expect to see significant changes in the way they operate. From personalized marketing to predictive maintenance, big data, and AI are transforming industries and revolutionizing the way we do business.

26. The global machine-learning market is expected to reach $20.83 billion in 2024.

Machine learning, a subfield of artificial intelligence, is changing the face of technology in a significant way. From image recognition to speech recognition, machine learning is being used in a wide range of applications across various industries. It is not just making processes efficient, but it is also opening up new avenues for businesses.

The demand for machine learning solutions is increasing as businesses continue to look for ways to optimize their processes and boost their bottom line. This has led to significant growth in the global machine-learning market, with a predicted value of $20.83 billion by 2024. This figure is a sharp increase from its $1.58 billion value in 2017, showing the potential of machine learning to drive the future of technology.

Companies in various industries are already leveraging machine learning to improve their operations, customer service, and even their decision-making processes. As technology continues to advance and become more accessible, the potential for its applications in various industries is almost limitless.

With a projected compound annual growth rate (CAGR) of 44.06%, the future of machine learning is bright. This growth can be attributed to the increasing demand for artificial intelligence and machine learning solutions across various industries. The growth in the market also shows how much companies are willing to invest in machine learning and its potential benefits.

27. The Compound Annual Growth Rate (CAGR) for AI will be 42.2% by 2027

The Compound Annual Growth Rate (CAGR) for AI is projected to be 42.2% by 2027, which is a clear indication of how fast technology is growing. The AI market was worth $10.1 billion in 2018, and in 2019, the value increased to $39.9 billion. This tremendous growth in the AI market is expected to continue, thanks to the constant innovation and investment by tech giants.

AI has proven to be a game-changer in several industries, including healthcare, finance, transportation, and manufacturing, to mention a few. The use of AI has enabled businesses to optimize processes, reduce costs, and make better decisions. This is why more and more businesses are investing in AI solutions to stay competitive.

Some of the biggest tech companies in the world, such as Google, Amazon, Microsoft, Facebook, and Apple, have been leading the way in AI research and development. They have been investing heavily in this sector, pouring billions of dollars into AI research to create cutting-edge solutions that can help solve complex problems.

With a projected CAGR of 42.2% by 2027, the AI market is set to keep growing and expanding. Businesses that want to remain competitive must keep up with this trend by investing in AI solutions that can help them stay ahead of the curve.

28. AI will replace around 85 million jobs in the US by 2025

The rise of automation and AI is undoubtedly changing the job market, and statistics suggest that around 85 million jobs in the US will be replaced by AI by 2025. This could lead to concerns about the impact on employment and people’s livelihoods.

The pandemic has already highlighted the struggles that many Americans face when it comes to financial stability. The loss of jobs and reduced opportunities to earn a living have made life difficult for millions of people. 33% of Americans had to use their life savings to cover expenses, while others had to borrow loans, resulting in significant debts.

Despite these challenges, experts predict that AI will bring new employment opportunities as well. According to AI statistics, there will be around 95 million job openings due to AI by 2025. This means that while AI may replace some jobs, it will also create many new ones.

Moreover, the balance between human and machine work is likely to even out. By 2025, experts predict that humans and machines will work together in a 50-50 ratio. This suggests that while automation may lead to job losses in some areas, it will also create new jobs and opportunities in others.

29. Worldwide, only 37% of organizations have incorporated AI into their business

According to research by Gartner, only 37% of organizations worldwide have incorporated artificial intelligence (AI) into their businesses. While this figure may not be as high as one might expect, it still represents a significant increase from the number of organizations that had incorporated AI in 2015, which was only 10%.

Despite the growth in AI adoption, some businesses are still hesitant to invest in AI due to various factors such as a lack of understanding of the technology, high costs of implementation, and concerns over job displacement. However, the benefits of AI are hard to ignore, with improved efficiency, reduced costs, and increased productivity being just a few of them.

Businesses that are quick to adopt AI technology stand to gain a competitive advantage in their respective markets. This is because AI has the potential to transform various industries by automating mundane tasks, improving customer experiences, and driving innovation. As such, organizations need to explore the benefits of AI and incorporate it into their business strategies to stay ahead of the curve.

30. Artificial General Intelligence (AGI) has a 50% chance of rising to 90% by 2075

Artificial General Intelligence (AGI) is the ability of machines to perform intellectual tasks that are at the same level as humans. It is seen as the next big thing in the world of technology.

Experts predict that there is a 50% chance that AGI will rise to 90% by 2075. If this comes to fruition, we will see a significant change in the way we live, work and interact with machines.

For instance, in most work environments in 2075, it is expected that nine out of 10 companies will use AGI technology. This will lead to the automation of tasks that currently require human intervention, making work more efficient and productive.

While AGI has the potential to revolutionize many industries, it also raises ethical concerns. As machines become more intelligent, there is a risk that they may surpass human intelligence and take control of critical systems. This is a scenario that experts are already considering, and efforts are being made to ensure that AGI is developed responsibly and ethically.

31. The full and semi-automatic car market will be worth $26 billion by 2030

According to experts, the full and semi-automatic car market is expected to become a massive industry, estimated to be worth $26 billion by 2030. This growth is due to the rise in the number of connected cars across the world, which are expected to reach around 470 million by 2025 in Europe, China, and the US alone. The technology embedded in these cars will enable them to generate data worth $750 billion, which presents a vast opportunity for businesses to monetize this data.

However, with such a vast amount of data being generated and stored, there is also a significant risk of data breaches and cyber-attacks. The potential impact of such attacks is massive, given that they can affect the safety of the driver and passengers, compromise the privacy of their personal information, and even result in vehicle theft or ransomware attacks.

Therefore, developers and manufacturers need to prioritize real-time cybersecurity in their products and services. This includes investing in top-of-the-range security programs to prevent hackers from accessing sensitive data and designing systems that can detect and neutralize cyber-attacks in real-time.

Additionally, companies must educate users about cybersecurity risks and how to minimize them by following best practices and adhering to security guidelines.

By doing so, they can create a safer and more secure environment for connected cars and ensure that the benefits of this emerging technology outweigh the risks.

32. 71% of executives believe that artificial intelligence and machine learning are game-changers for businesses

According to recent statistics, 71% of executives believe that AI and machine learning are the future game-changers for businesses. This is not surprising given that AI has already transformed various industries, including healthcare, finance, and manufacturing.

Its capabilities of improving decision-making, automating tasks, and enhancing efficiency have captured the attention of many organizations worldwide.

As the world continues to shift towards automation, some companies are embracing the change while others remain hesitant. However, companies that are not preparing themselves for the future might find themselves struggling to keep up with competitors that have already adopted AI and machine learning in their operations. Those that fail to adapt to the changing technological landscape risk being left behind in the wake of digital transformation.

In the same vein, business leaders must recognize that the adoption of AI and machine learning technologies requires strategic planning, including the implementation of proper infrastructure and systems, as well as addressing ethical and privacy concerns.

By taking proactive steps to integrate these technologies into their operations, companies can reap the benefits of increased productivity, improved decision-making, and better customer experiences.

33. AI is the most significant portion of the data strategy of any business, according to 61% of marketers

Marketers know that data is essential to drive business growth, but it’s not always easy to make sense of the sheer volume of information available. This is where AI comes in, with its ability to analyze data quickly and accurately.

According to a survey, 61% of marketers believe that AI is the most significant portion of the data strategy of any business. AI can help companies identify trends, predict customer behavior, and make data-driven decisions that can improve business outcomes.

AI’s ability to sift through massive amounts of data and find meaningful insights has been a game-changer for many industries. From finance to healthcare, AI has helped companies optimize their operations, reduce costs, and improve the customer experience.

However, the use of AI in business also raises concerns about privacy and ethical considerations. As companies increasingly rely on AI to drive their decision-making processes, it’s essential to ensure that the technology is used responsibly and transparently.

34. The AI market will be worth over $15 trillion by 2030

The AI market is set to become one of the most valuable in the world, with experts predicting that it will be worth over $15 trillion by 2030. The growth of this industry can be attributed to several factors, including the increasing demand for intelligent automation, data-driven decision-making, and advanced analytics.

As AI technology continues to advance, it is transforming various industries, including healthcare, finance, retail, and transportation. For example, AI is being used in healthcare to analyze patient data and develop personalized treatment plans, while in finance, it is being used to detect fraud and manage risk.

With such potential, it is no surprise that more and more businesses are investing in AI. According to a report, over three-quarters of emerging technologies already have plans to incorporate AI into their business models by 2021. This trend is set to continue, with more companies recognizing the value of AI in driving growth, increasing productivity, and improving customer experiences.

As we move closer to 2030, we can expect to see even more significant growth in the AI market. With technology evolving at a rapid pace, it is likely to become even more valuable and transformative in the years to come.

Big Data Statistics

Big Data is a term used to describe data that has become too large and complex for traditional computer systems to process and make sense of. However, despite its complexities, Big Data has the potential to be a goldmine for those who understand its capacity.

Several statistics highlight the impact of Big Data on technology and internet growth.

35. Organizations that are data-driven are 23x more likely to acquire new leads than those without a data-driven strategy

This is because Big Data provides a wealth of information that can be used to understand customer behavior and preferences, which in turn can inform marketing and sales strategies.

One company that has effectively leveraged Big Data is Facebook. As a social media platform with over 2 billion monthly active users, Facebook has access to vast amounts of data on user behavior, demographics, and preferences. Through the use of AI and machine learning, Facebook can analyze this data and provide targeted advertising to businesses, leading to more effective ad campaigns and better outcomes for advertisers.

In addition to improving marketing strategies, Big Data can also help businesses make better operational decisions. For example, analyzing data on customer complaints and feedback can help businesses identify areas for improvement in their products or services. This can lead to increased customer satisfaction and loyalty, as well as a better overall reputation.

36. 91.6% of Fortune 1000 companies are investing more in Big Data and AI

The importance of Big Data and AI in the business world cannot be overstated. In fact, 91.6% of Fortune 1000 companies are investing more in these technologies to stay ahead of the competition. This trend is not surprising considering the valuable insights and intelligence that can be gained from analyzing large sets of data using AI algorithms.

Big Data provides a wealth of information that can be used to identify trends, patterns, and relationships that would otherwise be difficult to spot. By using AI to process this data, businesses can gain valuable insights into customer behavior, market trends, and operational efficiency. This allows companies to make better decisions and take advantage of new opportunities.

One reason for the increasing investment in Big Data and AI is the rapid growth of data sources. With the proliferation of connected devices and the Internet of Things, businesses now have access to vast amounts of data from a variety of sources. This has created new opportunities to extract valuable insights and intelligence that can be used to drive business growth.

In addition to the Fortune 1000 companies, small and medium-sized businesses are also investing in Big Data and AI. With the availability of cloud-based services and affordable analytics tools, it is now easier than ever for businesses of all sizes to take advantage of these technologies. As such, the adoption of Big Data and AI is likely to continue growing in the coming years.

37. Two-thirds of organizations that have utilized Big Data effectively have reportedly seen a decrease in operational expenses

Big Data is a valuable asset for organizations that know how to utilize it effectively. Reports show that two-thirds of organizations that have successfully integrated Big Data into their business strategies have experienced a decrease in operational expenses. This means that Big Data has the potential to help businesses cut down on unnecessary expenses, thereby increasing their overall profitability.

The key to unlocking the benefits of Big Data lies in the ability to identify relevant information and analyze it effectively. Big Data provides businesses with valuable insights into customer behavior, market trends, and competitor strategies. By leveraging this information, companies can make informed decisions that lead to growth and success.

For instance, Big Data can help businesses optimize their supply chains by identifying inefficiencies and areas that need improvement. It can also aid in the development of personalized marketing strategies that cater to individual customer needs and preferences. This, in turn, can increase customer engagement and loyalty, leading to increased revenue and profits.

However, it’s important to note that Big Data is not a silver bullet for all business problems. Its effectiveness relies heavily on the quality and relevance of the data being analyzed. Organizations must also ensure that they have the necessary infrastructure and talent in place to handle the complexities of Big Data.

38. We generate 2.5 quintillion bytes of data daily

Data is being generated at an unprecedented rate, with 2.5 quintillion bytes of data being created each day, according to recent statistics. This is an enormous amount of data, and it’s growing at an exponential rate. In the past few years, data production has been on the rise, and experts predict that this trend will continue for the next few years.

With the increase in data production, there has been a corresponding increase in the demand for tools and technologies to analyze and make sense of this data. Big Data analytics and Artificial Intelligence (AI) are two such technologies that are becoming increasingly popular in the business world.

Businesses that leverage Big Data analytics and AI have a significant advantage over their competitors. They can use these technologies to gain insights into customer behavior, improve operational efficiency, and develop new products and services that better meet the needs of their customers. As such, it’s not surprising that many organizations are investing heavily in Big Data and AI technologies.

With the amount of data being generated every day, it’s clear that Big Data analytics and AI will play an increasingly important role in the future of business. Organizations that can effectively leverage these technologies will be better positioned to succeed in the years to come.

39. Analytics and big data will bring in an income of $274 billion by 2024

Analytics and big data are increasingly becoming essential in the business world, providing insights that help companies make informed decisions. It’s not surprising that this technology has grown in popularity, and it’s projected to bring in an income of $274 billion by 2024.

According to recent data center statistics, by the end of Q4 in 2021, the data center Internet Protocol (IP) traffic reached 19.5 zettabytes, highlighting the tremendous volume of data generated daily. This growth has continued to rise over the years, meaning that we should expect even more data to be produced in the next 2-3 years.

Business intelligence (BI) analytics is a significant player in this industry, estimated to be worth $14.5 billion in 2022. With data analytics tools, companies can process and analyze large sets of data, providing insights into customer behavior, market trends, and other valuable information that can be used to create better business strategies.

This increasing demand for big data and analytics is not just limited to the business sector. It’s also growing in popularity across other industries, such as healthcare and finance, as they seek to improve their processes and services. With such growth, the future of big data and analytics seems to be promising.

40. By increasing their effectiveness at utilizing Big Data, Fortune 1,000 companies can increase their net income by up to $65 million

In today’s data-driven world, businesses that leverage big data effectively have a clear advantage over those that don’t. Fortune 1,000 companies that have invested in big data analytics have reported up to a $65 million increase in net income. This increase is due to the ability of big data to provide insights into customer behavior, market trends, and operations, allowing businesses to optimize their processes and improve their bottom line.

Big data has also been shown to increase the effectiveness of marketing and advertising campaigns. By analyzing consumer behavior and preferences, businesses can create targeted marketing campaigns that are more likely to convert into sales. Additionally, big data analytics can help businesses identify areas of their operations that are inefficient, leading to cost savings and increased productivity.

It’s important to note that effectively utilizing big data requires skilled professionals who can collect, analyze, and interpret large datasets. Therefore, businesses that want to take advantage of big data analytics must invest in talent and technology to extract valuable insights from their data. With the right strategy and resources, big data can provide a significant competitive advantage in today’s fast-paced business landscape.

41. 71% of companies find it difficult to protect and manage unstructured data

Managing and protecting unstructured data can be a daunting task for many businesses. According to statistics, 71% of companies find it difficult to protect and manage unstructured data. Unstructured data includes all the information that does not have a predefined format, such as text files, images, audio, and video files.

Despite the challenges that come with unstructured data, businesses that can harness its potential can reap huge benefits. Big Data analytics can provide valuable insights into customer behavior, market trends, and other business aspects that can help drive growth and profitability.

To make sense of unstructured data, businesses can use data visualization software. This type of software can transform large amounts of raw data into easy-to-understand visuals, such as charts, graphs, and diagrams. By visualizing data, decision-makers can quickly identify trends and patterns, and make informed decisions.

42. 83% of organizations worldwide are currently investing in various Big Data projects

Big Data has become increasingly important for businesses across the world, with a staggering 83% of organizations currently investing in various Big Data projects. This trend can be attributed to the massive amount of data being generated daily, as well as the rapid growth of technology. As a result, top company executives are beginning to realize the usefulness of Big Data and the benefits it can bring to their organizations.

With the proper implementation of Big Data analytics, businesses can gain valuable insights into their operations, customers, and markets. These insights can help companies make more informed decisions, improve their overall efficiency, and even identify new revenue streams.

However, investing in Big Data projects is not without its challenges. According to a recent survey, 71% of companies find it difficult to protect and manage unstructured data. Additionally, the technical and specialized skill set required to make sense of the large chunk of available data can be a major hurdle for many businesses.

Despite these challenges, the benefits of Big Data are clear. For instance, increasing the effectiveness of utilizing Big Data can result in a significant increase in net income for Fortune 1,000 companies. Moreover, businesses that are data-driven are 23 times more likely to acquire new leads than those without a data-driven strategy. As such, it’s no surprise that Big Data analytics is expected to bring in an income of $274 billion by 2024.

Internet of Things (IoT) Statistics

The Internet of Things (IoT) is a rapidly growing concept that is changing the landscape of various industries. The benefits of IoT are numerous, and as a result, more and more businesses are looking to integrate it into their network infrastructures.

Here are some recent statistics on the expansion of IoT.

43. By 2030, 500 billion gadgets will be connected to the internet

The Internet of Things (IoT) has taken the tech world by storm and is expected to continue its steady growth in the coming years. It is predicted that by 2030, half a trillion devices will be connected to the internet, indicating the rapid adoption of IoT across various industries. This growth in the IoT market has led to a surge in investment, with experts predicting that spending on IoT will reach $1.2 trillion by the end of 2022.

The benefits of IoT are enormous, with its ability to improve efficiency, productivity, and convenience across various industries. It is no surprise that more businesses are looking to integrate IoT into their network infrastructures, with 94% of businesses reporting an increase in productivity after implementing IoT solutions. In addition, IoT is revolutionizing the healthcare industry by enabling remote patient monitoring and improving patient outcomes.

Despite its benefits, concerns about IoT security remain a major issue. Cybersecurity threats pose a significant risk to IoT devices, and 90% of IT professionals report being concerned about IoT security. As the number of connected devices continues to grow, it is essential to ensure that adequate security measures are put in place to protect against cyber attacks.

45. Denmark, UAE, and Ireland have the highest internet penetration rates

The latest internet growth statistics indicate that Denmark, UAE, and Ireland have the highest internet penetration rates compared to other countries. As of 2022, these three countries have surpassed the United States, which had a 90% rate of internet usage in 2020.

According to the stats, these countries have a remarkable 99% of their population accessing the internet, making them the leading nations in terms of internet penetration. The United Kingdom, Switzerland, and South Korea follow closely with 98%, while Saudi Arabia takes third place with a 97.9% rate of internet usage.

The high internet penetration rates in these countries are an indication of how technology has become an essential part of our daily lives. With internet access, people can connect with friends and family, access essential services, and stay up-to-date with global news and trends. This trend is likely to continue as technology continues to advance and internet infrastructure becomes more widespread globally.

46. Cellular IoT connections could reach 3.5 billion by 2023

The cellular IoT market is expected to grow at an unprecedented rate over the next few years. According to IoT statistics, the number of cellular IoT connections worldwide could reach 3.5 billion by 2023. The technology behind cellular IoT is becoming more affordable and widely available, making it easier for companies to integrate it into their products.

The benefits of cellular IoT are numerous. It allows for real-time data transfer, which can be especially important in industries like healthcare and logistics. It also enables companies to remotely monitor their devices and equipment, reducing the need for manual inspections and maintenance.

The growth of cellular IoT has also led to the development of new technologies and standards. For example, the emergence of 5G networks is expected to revolutionize the IoT industry by enabling faster and more reliable data transfer.

47. 75.44 billion IoT devices could be in existence by 2025

With the rapid advancement in technology and the increasing number of smart devices, the number of IoT devices is expected to keep growing. According to IoT statistics, there were over 25 billion IoT devices globally by the end of 2019. This number is projected to increase to 75.44 billion by 2025, according to Business Insider Intelligence.

The growing popularity of smart home devices such as security systems, smart thermostats, and voice-activated assistants like Amazon Alexa and Google Home is driving the growth of IoT devices. Additionally, the adoption of IoT technology in the healthcare, transportation, and manufacturing industries is expected to contribute significantly to the increase in the number of IoT devices.

As the number of IoT devices continues to rise, the need for more secure and reliable communication networks to support them also increases. The development of 5G networks is expected to play a significant role in this regard, as it offers faster download and upload speeds, lower latency, and increased bandwidth compared to its predecessors.

48. 70% of all automobiles will be connected to the internet through the Internet of Things by 2023

According to IoT growth statistics, 70% of all automobiles will be connected to the internet through the Internet of Things by 2023. This shows how the automobile industry is embracing IoT innovations to improve their vehicles’ functionalities. Self-driving cars, which rely heavily on IoT sensors, are one of the most significant IoT innovations in the automobile industry.

The IoT has the potential to revolutionize the way cars are designed and function. For example, through IoT sensors, vehicles can detect bad driving, accidents, and possible imminent collision. These sensors can alert drivers of potential hazards and even automatically take action to avoid accidents.

In addition, IoT sensors can also detect design flaws in vehicles and send a report back to the manufacturer for immediate corrective action. This proactive approach to vehicle maintenance can significantly reduce the number of accidents caused by design flaws.

The integration of IoT in the automobile industry is not limited to safety features. In-vehicle infotainment systems are also being developed to allow drivers to access music, news, and other entertainment features while on the road. With IoT, cars can become more than just a means of transportation but an extension of the driver’s digital lifestyle.

With the IoT market for automobiles projected to grow significantly in the coming years, it is evident that the Internet of Things is set to revolutionize the automobile industry.

49. The IoT could generate up to $11 trillion in economic value per year by 2025

According to recent data, the Internet of Things has the potential to generate up to $11 trillion in economic value annually by 2025. This is due to the many benefits that the IoT brings to different industries, including increased productivity, reduced costs, and the creation of new employment opportunities.

One of the main advantages of the IoT is its ability to improve efficiency in various business operations. By connecting devices and machines to the internet, businesses can automate many tasks, reduce human error, and streamline workflows. This, in turn, leads to significant cost savings and increased productivity.

In addition to its economic benefits, the IoT is also making an impact in other areas, such as healthcare and environmental sustainability. For example, IoT-enabled medical devices and wearables are helping to improve patient outcomes, while smart energy grids and connected transportation systems are reducing carbon emissions and promoting eco-friendly practices.

Given these benefits, it is not surprising that the IoT is gaining traction in different industries worldwide. As more businesses invest in IoT technologies, the economic impact of the IoT is expected to grow exponentially over the coming years.

50. IoT will enable gas and oil companies to save up to $30 per barrel

The Industrial Internet of Things (IoT) is set to make a significant impact on the gas and oil industry. Statistics reveal that by adopting the technology, companies can save up to $30 per barrel. Although it may not seem like much, the savings can be massive when considering larger oil rigs that produce up to 1500 barrels daily. With $30 saved per barrel, companies can save up to $45,000 per day and roughly $1.4 million per month.

Moreover, the potential of IoT in the gas and oil industry doesn’t just stop at cost savings. The technology also allows for remote monitoring, predictive maintenance, and enhanced safety measures, among others. The industry players predict a Compound Annual Growth Rate (CAGR) of 42% between 2020 to 2027. This growth rate indicates that the IoT is set to become a more significant player in the industry and could save even more money for companies that invest in it.

Future Trends in Technology Growth

Several technological advancements will play a significant role shortly, such as blockchain, cloud computing, AR/VR, robotics, and automation. The following statistics will provide insights into these upcoming technology trends.

51. In 2020, there were about 4 million virtual assistants. That number will double by 2024 and will be close to 8.5 billion units.

Virtual assistants have become increasingly popular in recent years, and the growth trend is set to continue in the future. The statistic shows that the number of virtual assistants is set to double by 2024 and reach close to 8.5 billion units. This growth can be attributed to the increasing adoption of smart home devices and the rise of virtual assistants in mobile devices.

Virtual assistants have become an essential part of our daily lives, and we use them for various tasks, such as setting reminders, making phone calls, sending messages, and searching for information online. They have also been integrated into other devices, such as smart speakers, smartwatches, and even cars. As more and more devices become connected, the demand for virtual assistants is expected to continue to grow.

The market for virtual assistants is expected to be dominated by a few key players such as Amazon, Google, and Apple. However, there will also be a growing number of smaller players as the market expands, offering specialized virtual assistants for specific industries and niches. The use of virtual assistants is also expected to grow in the healthcare industry, where they can assist doctors and nurses with patient care and management.

53. Statista shows there will be 18.22 billion mobile devices in use by 2025

The growing popularity of smartphones and tablets. The Statista projection that there will be 18.22 billion mobile devices in use by 2025 reflects the rapidly growing trend of mobile computing. These devices are becoming more powerful and are offering better performance, with new features and technologies being added constantly.

The increasing availability of affordable smartphones and tablets, coupled with the growth of mobile internet connectivity, is driving this trend. More people are using mobile devices to access the internet, and social media, and to perform various activities such as online shopping, banking, and entertainment. The pandemic has also accelerated the trend of mobile device usage as more people work from home, attend virtual meetings, and access educational content online.

This trend of increased mobile device usage presents significant opportunities for businesses to reach and engage with their customers. Mobile devices offer a platform for businesses to develop and deploy innovative mobile applications that offer personalized experiences to their users. Mobile applications can also be used to collect valuable data on user behavior and preferences, which can help businesses to optimize their marketing strategies and improve customer experiences.

However, the increased use of mobile devices also poses some challenges, such as ensuring device security, protecting user privacy, and optimizing website and application performance for mobile devices. Businesses need to address these challenges to ensure that they can take advantage of the opportunities presented by the growing trend of mobile device usage.

54. Global tablet shipments are expected to hit 142 million by 2025

Tablets have become an essential part of our daily lives, and as technology continues to advance, their usage is expected to increase significantly. The statistic indicates that by 2025, global tablet shipments will reach 142 million units. This projection suggests that tablets will remain popular among consumers despite the rise of larger smartphones and hybrid devices.

One of the main reasons for this growth is the increasing need for mobility and versatility. Tablets offer a lightweight and compact design, making them an ideal device for people who are always on the go. Additionally, tablets can be used for various activities such as reading, gaming, browsing, and productivity, making them versatile devices for both personal and business use.

Moreover, the education sector has also been a significant driving force behind the growth of tablet devices. Many educational institutions have adopted tablets as an essential tool for teaching and learning. With more schools and universities embracing digital learning, the demand for tablets is expected to rise.

Another contributing factor to the growth of tablet shipments is the increasing penetration of the internet and the rise of e-commerce platforms. Online shopping has made it easier for consumers to purchase tablets from anywhere in the world, leading to increased demand and global shipment.

55. By 2025, 500 million Virtual Reality headsets would have been sold

The virtual reality (VR) industry is set to witness remarkable growth in the coming years, with an estimated 500 million VR headsets projected to be sold by 2025. This can be attributed to the increasing adoption of smartphones, which have made VR headsets more accessible to the masses.

Moreover, various industries such as the automobile, military, and law enforcement sectors are leveraging VR technology for training and simulations. The gaming industry, too, is a significant contributor to the growth of VR headsets. As the demand for VR headsets continues to increase, we can expect further advancements in VR technology to enhance user experience and offer more diverse applications.

Sources

Data Reportal, Statista, Forbes, Gartner, McKinsey, Oberlo, Techjury, Zippia, IoT Solutions, Fortune Business Insight, Grand View Research, The Enterprisers Project, GlobeNewswire, Finances Online, Semrush, Thrive Global, Kinsta, PWC