The global chatbot market size was worth $526 million in 2021. People expect it to reach $3.619 million by 2030…did you read that right, yes $3.619 million! An innovative form of AI technology is conversational artificial intelligence. Companies such as Facebook Messenger, Amazon, Alexa, Target, and more have used it in recent years. These mimic human conversations where users interact through messaging apps like WhatsApp or other applications. Yes, it has the advantage of offering more interaction with less overhead. After all, it is all a bot. The possibilities are endless, loaded with hundreds of possible interactions and created in whatever tone and format the client may want.
The chatbot system is an innovative way for businesses to conveniently reach customers. Middle of the night conversation, anyone? It uses conversational artificial intelligence technology that simulates a conversation with you via messaging apps, websites, or mobile phones by using rule-based language applications which can perform live functions like the best of the company’s client service specialist. And this technology does not just apply to customer-related inquiries but can also guide clients through actions or tutorials. Unfortunately, for the lower-level employees that typically fill these roles, the growth will come from the creator of these technologies. Companies like Baidu, WeChat, and Creative Virtual, to name a few. Keep reading for more businesses that were booming through the pandemic and are now poised to take over the world.
Branchless banking is the new way to the bank. This type of service often relies on information and communications technologies like email, texts, or phone calls for transaction details instead of going into conventional branch locations. Dealing with long lines just so they have The process may seem unappealing but think about it, you have probably already been making those deposits from your phone anyways…so the growth into more advanced functionalities seems logical, doesn’t it? With the use of technology, we can pretty much do anything that you can think of you would by going to a bank in person. I must admit, though, that it was kind of early when I first walked into my favorite branch and saw that they had eliminated almost every one of the tellers, except for one and one other loan officer.
The future is here, and it is now. You can do everything from deposits, transfers, loan applications, account openings, and so on, from your phone or desktop. With encrypted technology, you can move any amount of money and rest assured that the transaction is safe. Branchless banking is a hot new trend in the financial industry. It’s attractive to banks because they don’t need as much capital spent on people and physical locations, which can go towards customer acquisition or engineering – but what does this all mean? Well, for one thing: we may see an increase in branch-free offices! Neobank and fintech startups like Chime, Simple, and Revolut have led the way with no branches and only online access. Don’t act surprised if more traditional giants like Chase and Bank of America follow suit.
Surveillance is no longer only for security purposes. It has become an essential tool in our lives. The modern surveillance systems available today go far beyond traditional means and continue to evolve with technological advances. They give us peace of mind knowing that someone will be there if anything happens while we’re away or at night. The personal surveillance industry is strong, and with the technology not being brand new and more accessible, more and more users are taking advantage of it.
The market for surveillance systems is growing at an incredible rate. And, of course, technology plays a major role in enhancing security. Alarm systems, security access, video feeds, and monitoring activities can see the applications. There are more options than ever before. You can use alarms as passive or active devices. They’ll wake you up if something happens but don’t bother your neighbors with noise (like a fire). And access control devices let people in only when it should feel acceptable – a great way to keep kids away from certain areas at school. Again, think about covering more for less. Way less. Remember, for example, when alarm systems were running at $80 a month? Well, you can find companies today like SimpliSafe that, with one initial investment of about $250, will sell you a full system to secure the whole house with as low as $20 a month for monthly service. And that’s just one of the many applications of the growing surveillance systems market.
Warning, Your Account Data Was Leaked During the Pandemic
The remote working world has given cybercriminals more opportunities to find susceptible victims since the pandemic. Online shopping and delivery services are seeing increasing demand, which means that enterprising criminals can sell their products without having any physical presence in stores or pickup points–allowing them access to customer data within seconds! The growing number of people who do business remotely online opens up new routes for hackers looking to steal personal information by targeting those most likely vulnerable, the consumers. Hence, the rise of Cybersecurity. Cybersecurity is the process that provides and maintains confidentiality, integrity, availability, and privacy. According to BrandEssence, tech research and consulting firm, by 2027, the global cybersecurity market will reach $403 billion.
Cybersecurity is always a hot topic, and it’s no surprise that more cyber attacks are happening yearly. Between 2020-2101 the average number of cybersecurity incursions per annum rose 31%, that’s about 270 breaches. The massive growth in this industry creates a huge need for trained professionals that will be tending to these trends. At the moment, there is a lack of these types of professionals. If you think about it, most of the industries that are seeing growth are mostly in the online space, so this should be “numero uno,” the top most important of all. Nothing will be possible without the security needed to run all the new platforms, software, and so on. Keep reading for more businesses that were booming through the pandemic and are now poised to take over the world.
With China, South Korea, and Japan leading the way with online gaming presence among the population, this industry has seen 21.9% growth compared to the previous year (2021 to 2022). According to Statista, in 2020, the global online gaming market generated approximately $21.1 billion in revenues. Online gaming has become a popular hobby for people of all ages. Whether you’re playing alone or with friends, there’s a game for everyone. One of the great things about online gaming is that you can play it anytime, anywhere. You don’t need to make an appointment or find a babysitter – you can just log in and start playing. And if you’re not in the mood for competition, plenty of games allow you to relax and explore at your own pace.
Whether you’re an MMO addict, a casual player, or just someone who likes to kick back with a good game now and then, there’s no denying that online gaming is a huge part of our lives. It’s a great way to relax, have fun, socialize with friends (and sometimes even make new ones). Not to mention, it can be quite addictive – in the best way possible. But what about online gaming keeps us coming back for more? Is it the constant sense of competition? The camaraderie of playing with (or against) friends? The never-ending quest for that next level or boss kill? Or is it something else entirely? Whatever the reason, one thing is for sure: we can’t get enough of it. And we probably never will. So fire up your console or P.C. and get ready to game on!
Jump on the Bike, and Let’s Roll Past the Pandemic!
Have you noticed that this industry began booming since the pandemic? Bike-sharing services are becoming increasingly popular in cities around the world. And it’s easy to see why – they’re a convenient, affordable, and eco-friendly way to get around. Whether commuting to work or exploring a new city, bike sharing is a great option. And best of all, you don’t have to worry about maintenance or storage – just hop on and go! This is why this industry, the share bike industry, is on an upward trend. According to Research and Markets, a market research company, the global bike-sharing market reached a value of US$ 3.28 billion in 2021, and research shows it can reach a value of $4.49 billion by 2027.
Bike sharing is an innovative and sustainable form of transport that has the potential to revolutionize how we get around our cities. Bikes can be rented out for short periods, making it easy for people living in large cosmopolitan cities! The model allows users to save money on gas while helping reduce carbon dioxide emissions in communities worldwide. An added benefit of physical activity will enable riders to explore new areas while also doing something good for their health. It’s a win-win if you ask me. Nothing like taking a break from the company and hopping on and exploring the surroundings. It is like a very cheap version of a gym but way more fun! The bike-sharing services industry touches on other areas of high importance, like physical health, climate control, and economic opportunity, making it an industry projected to grow because of its significance. Keep reading for more businesses that were booming through the pandemic and are now poised to take over the world.
The time of drones for kids is long gone. The technology, as it is available now, has far-reaching applications. One of the most impactful of those is the use of policing. In some countries, including Spain and China we have seen the use of drones for monitoring purposes during lockdown campaigns. These governments have relied on drone technology to push their guidelines. Hopefully, we will not be seeing more of that and instead be able to use the technology for things like emergencies. When these situations arise due to natural disasters or civil unrest it becomes necessary to maintain security while also ensuring that citizens can go about their daily lives without fear. Things like delivering public announcements or providing medical services to people cut off from those disasters are serious and thought-provoking applications of drone technology.
While the origins of drone technology were in the military, these babies do their magic in commercial and civil government applications. For example, scenarios such as searching for survivors or putting out fires with great efficiency compared to humans, who may take hours, if not days, before they can complete the task when dangerous and life-threatening situations exist. The drone industry will grow exponentially in the next few years, with strong global investment and new business use cases. These factors have made it one of today’s most lucrative industries. However, many questions remain unanswered! Drone Industry Insights projects the global market for drone technologies will reach $43.1 billion by 2024, up from $14.1 billion in 2018.
The U.S., with its large population of aging seniors, has never seen anything like it before, especially since the pandemic. The baby boomers are passing through each stage in their lives, one after another! They’ve brought both challenges and opportunities to this country’s economy. No other generation will impact infrastructure or institutions as we know them today when these people reach old age, creating an industry that will continue to grow with all the services needed to service that population sector. The assisted living and nursing home industry will be one of the most interesting plays on an aging population for obvious reasons. As baby boomers continue to grow older, more people will have these types of services in their lifetimes than ever before. It means that there’s room at both ends. That is constantly filled rooms as well as expansion opportunities within properties. In return, ultimately generating higher profits!
Another sector set to grow due to the large aging population is the pharmaceutical industry. As people live longer and longer, they will inevitably need more and more medications to manage chronic conditions. In addition, the baby boomer generation is already starting to experience age-related health problems, such as arthritis and heart disease. This means that there will be an increasing demand for both over-the-counter and prescription drugs. For many seniors, this could create a real financial burden. However, the silver lining is that the aging population is also relatively wealth. So, they will be able to afford to pay for their medications. In other words, while there may be some challenges associated with an aging population, the pharmaceutical industry is set to benefit greatly.