Top 3 Evergreen Industries to Invest In- [AI, VR, and Renewable Energy]

Are you one of those entrepreneurs who have been affected in terms of business and investment in 2021? Then you must be looking for 3 evergreen industries to invest in right now in 2022! Keep on reading to know more.

Commercial solar panel

Introduction

The year 2021 has affected every business due to COVID-19 breakdown globally, and the market has seamlessly changed within a short period. The work-from-home situation has changed people’s perspective as everyone is trying to find ways to earn more money.

Some people are focused on starting a new business, while others are looking for opportunities to invest in! You might be in the same hassle, finding the companies who went to the seventh sky from ashes in the recent year to invest some pennies.

Worry not! We have examined all the statistics, observed where the investors are flowing and joining the stock market shares, and found some industries to invest in! Some of the leading industries include AI in web development, Virtual Reality (VR), and Renewable Energy Sources. By learning effective strategies, you can even start slow but grow these industries to no limits.

Without further ado, let’s delve into details and find out the Top 3 Leading Industries to Invest in!

1. Artificial Intelligence – AI

Sophisticated and advanced technology is distinguished from the rest as it adapts the behaviors. The adaptive behavior is owing to the system in which this technology is growing. Artificial Industry is one of the leading and ever-greenest Industries in 2022 and is expected to multiply in the coming years. This emerging technology has the potential to grow many more businesses as well- such as employing AI technology in the procurement process can streamline the organization’s setup. Moreover, it’ll reduce the chances of mishaps as the AI algorithm will handle everything from Machine Learning to Natural Language Processing.

Using artificial intelligence, you can enter into automobiles, robotics, marketing, advertising, customer relationship, data analytics, voice assistants, and more. Though, it must be noted that the emerging technologies are always at risk to invest in.

The emerging technology or Industry can lead you to fast-paced growth or dip down your money. Moreover, different security and ethical issues are also a significant concern.

  • Current Market Size & Future Potential: As per the recent reports, it is already estimated that the AI market will boom by 2026 and will be valued at $200+ billion on the global scale with a CAGR of 36%+.
  • But the question is, how can you enter the AI industry and invest your money?

Artificial intelligence

photo credit: Tara Winstead / Pexels

2. Virtual Reality (VR)

Similar to Artificial Intelligence, Virtual Reality (VR) is another emerging technology that has the potential to take your investment to the seventh sky. But where can you enter into the Virtual Reality business or investment? The answer is video games, 3D graphics, and photorealistic simulations right now in 2022.

If we look into the future, many more domains are expected to open in the market in terms of VR, and there will be more scope in investing. For instance, phycologists are conducting many experimental trials with Virtual Reality.

Moreover, many other domains in the healthcare industry rely on Virtual Reality to teach students without having a real human being in front of them. The aspiring doctors and students can even carry out a full surgery in the VR mode. In the entrainment industry, the metaverse is utilizing Virtual Reality as well.

As an investor, we can help scientists, doctors, and researchers to carry out more trials and unleash the future potential of VR. With the rise of VR technology, many big companies have already announced to invest their money in this domain or Industry. Accenture and Facebook are two significant sharks in the industrial aquarium right now, willing to invest in VR and AR. As per Mark Zuckerberg,

“We’re determined to create more than 10,000 new jobs only within the EU region and will create an interconnected online virtual space called Metaverse.”

This social media giant, Facebook, has already invested in VR technology and even looking for recruiters in Italy, France, Spain, Ireland, and more. The metaverse is not yet entirely successful, and OneBonsai is already pulling their sleeves on to buy their virtual space in the platform- that’s how quickly this technology is emerging.

  • Current Market Size & Future Potential: Virtual reality is expected to grow at the CAGR of 19% and reach a value of around USD 19 Billion by the end of 2026.
  • The market size was at USD 6.8 Billion in 2020.

Wearing VR

photo credit: Michelangelo Buonarroti / Pexels

3. Renewable Energy Industry

One of the major industries to invest in is Renewable Energy, as nothing can beat the concern of climate crisis right now in 2022. COVID-19 hit the world hard in 2020, and the Omicron variant has already spread in 2021 and 2022. That’s the perfect time to deal with the climate crisis and invest in any related business to multiply your shares.

Everyone concerning the climate has galvanized more people to focus on this Industry, giving it a significant boom in 2022.

Not just for the environmental cause, but the energy resources are depleting due to the growing population with each passing day. Renewable energy is the need of the hour. As an investor, we can make a difference by growing the green industries and impacting the world.

Bill Gates recently raised $1 Billion to fund the initiative of Clean Energy Transition, and 7 major US corporations have invested in the cause. That’s what signals the boom and importance of this Industry. He stated,

“Avoiding the climate disaster is only possible with an industrial revolution. The industries that need to get to zero emissions are too expensive to achieve. Catalysts are being designed to change the future.”

  • Current Market Size & Future Potential: The Renewable Energy Industry has a market size of around $880+ Billion and is expected to grow at a CAGR of 8%.
  • It is expected to reach around $2000 Billion by the end of 2030.

Renewable energy sources

photo credit: Pixabay

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