The market for cutting-edge technologies — AI, IoT, blockchain, green solutions, and more — is poised for a dramatic surge.
According to UNCTAD, its value is expected to grow nearly sixfold, from $2.5 trillion in 2023 to $16.4 trillion by 2033. Driving this boom is AI, which will see its market share rise from 7% to 29%, translating to $4.8 trillion — outpacing all other technologies.
In contrast, the Internet of Things (IoT) is set to decline, dropping from 36% of the market in 2023 to 19% in 2033. Blockchain, starting from near zero, will climb to a 14% share. Electric vehicles and solar panels will grow in absolute terms but lose relative market dominance. Other sectors combined will hold steady at around 29%. Over the next decade, the market will expand significantly, but the leadership will shift, with AI emerging as the undisputed frontrunner.
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