Playing it safe is always good but playing safe may make sure that you don't sink or lose but it for sure won't take you the extra distance towards great success. If you want to do something big or make some good money, you should be ready to take some well-calculated risks. One of the ways in which you can make some big bucks is by investing in a technology called disruptive technology.
A disruptive technology or product is defined as a product that caters to a market that has previously not been addressed. For example, the smartphone, which is a quite regular phenomenon nowadays was at one point of time a disruptive product.
In order to provide you options with some winner disruptive technologies that are for sure set for something big in the future, we provide you with a list of three disruptive technologies you can invest in.
1) 3D Printing -
This technology is still a baby in the technology market. However, if used to its full potential, it has the capability of becoming an enormously disruptive technology. Prototyping, product development and innovation are the three most common reasons companies are pursuing 3D printing.With the coming of 3D printing, products which people were forced to order for outside can now easily be made at home, all thanks to 3D printing. The industry of 3D printing has provided the people with the great opportunity to procure rather than produce.
According to Wohlers Report 2014, the worldwide 3D printing industry is now expected to grow from $3.07B in revenue in 2013 to $12.8B by 2018, and exceed $21B in worldwide revenue by 2020. Even Gartner projects that the 3D printing market globally will grow from $1.6B in 2015 to $13.4B in 2018, attaining a 103.1% CAGR.
2) The Internet of Things (IoT) -
The IoT is one phrase that best describes the technology driven interconnected world that we all live in nowadays. It is all because of this wonder invention of the mankind that our lives have become sorted, simpler and faster. The IoT allows household electronic devices, such as televisions and tube-lights etc. to be connected to the Internet and accessed by anyone who is online.The global Internet of Things market will grow to $1.7 trillion in 2020 from $655.8 billion in 2014 as per research firm IDC. The firm predicts that the number of “IoT endpoints,” connected devices such as cars, refrigerators and everything in between, will grow from 10.3 billion in 2014 to more than 29.5 billion in 2020.
Related reading - Govt. To Create An IoT Industry In India Of USD 15 Billion By 2020
3) Medical Technology -
Keep a tab on all the latest happenings in the Medical technology world, if you're really looking forward to bet your hard earned money in something truly disruptive. The healthcare industry is making great inventions one after another. So, do your homework and be ready to invest.
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