Barcelona recently hosted the Mobile World Congress where major technology companies displayed eye-catching devices. Many representatives mentioned the growth present in the technology industry. The most promising areas are predicted to be consumer devices, such as tablets and GPS navigators; wireless health care; in-vehicle features; and smart grids for utilities.
“According to research firm Gartner, mobile-services revenue world-wide is expected to grow steadily over the next few years, to around $1.11 trillion in 2014 from $903 billion last year.” Other estimates were more optimistic. Tom Brand from GMSA thinks by 2020 there will be an estimated 15 billion devices with so-called embedded mobile functionality. This means mobile functionality will be included in a wide range of products, such as Internet tablets, refrigerators and cars. Ericsson estimates up to 50 billion devices by 2020. Larger corporations like AT&T are showing an innovative presence in the healthcare industry with their idea of a wireless drug dispenser that alerts the user if medication is missed.
This extreme amount of growth in the technology industry may lead to opportunity for the average investor. Certain technology companies may become the next Google or Apple. The challenge is seeking out the right company who has a promising future. Of course, these small technology companies bring much risk as far as investing is concerned, but the upside is unlimited.
Sources: Sandstrom, Gustav. "The Wall Street Journal Online." http://online.wsj.com/article/SB10001424052748704900004576152092023439476.html#ixzz1EcfWmVUS
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