Is there a future in IT industry?

The rate of growth in the IT sector for 2019-20 is approximately ten percent. The Indian IT industry has grown rapidly with an exponential growth rate after the economic reform of 1991-92. Indian IT companies have set up thousands of centres within India and around 80 countries across the world.

What do you think will be different in the field of IT in 5 years?

Over the next five years, we’re likely to see significant changes in fields such as artificial intelligence, space exploration, combinations of augmented and mixed reality, and quantum computing, says futurist James Canton.

What is the current situation of IT industry?

The domestic revenue of the IT industry is estimated at US$ 45 billion and export revenue is estimated at US$ 150 billion in FY21. According to Gartner estimates, IT spending in India is estimated to reach US$ 93 billion in 2021 (7.3\% YoY growth) and further increase to US$ 98.5 billion in 2022.

What technology we will have in 2025?

AI, VR, AR, ML will yield good: Artificial intelligence, virtual reality, augmented reality, deep learning, machine learning and natural language processing will make virtual spaces feel much more real, in-person, authentic, and effective.

Is it the fastest growing industry?

Five out of the 20 industries projected to grow the fastest from 2019 to 2029 are in healthcare and social assistance, the fastest growing industry in the economy.

How many industries will be there in the future?

Using reports from Deloitte Access Economics, The World Economic Forum and PwC, and research from innovation experts like Alec Ross, we’ve mapped out the 12 industries of the future. 1. Artificial Intelligence

What trends will shape businesses in the next 5 years?

Jobs are changing and businesses need to adjust accordingly. Thankfully, a new study by A.T. Kearney’s internal Think Tank, the Global Business Policy Council, explained the five major trends expected to shape businesses over the next 5 years. Pay attention, make accommodations and you’ll be on track to succeed.

What is the future of Technology in 2020?

The upcoming technology 2020, 5G opens up a massive playground where subsequent technologies will find their advantages. The current trends in technology, like self-driven cars, VR/MR/MR, empowered smart cities, etc. strengthen the foundation for ‘what’s next in technology’.

Will new technologies disrupt the future economy?

Because technology is ever-evolving, there will always be new tech emerging on the horizon. However, the past has shown us that not every emerging technology can remain relevant, much less disrupt entire sectors of the economy. With each new crop of technologies, there are usually a few that have that potential.