As we look into 2024, we summarize the top technology industries we are seeing here at Daybreak Insights. From the acceleration of Bitcoin as a global monetary network given entrenched inflation, to increased innovation in Defense Technology given geopolitical risks, to the evolving demand for personalized healthcare given the coming of age of Genomics, the magnitude of changes will be significant and will touch every aspect of our lives.
Below we present the top technology trends to watch in 2024.
Autonomous Vehicles: As autonomous vehicles appear more frequently on the streets and in mainstream conversations, consumer sentiment will continue to become more positive and accepting towards the technology. It is estimated that driver behavior or error constitutes a major factor in car accidents, and autonomous vehicles can reduce the number of accidents due to driver error. Autonomous driving is enabled by technology such as radar, sonar, and lidar sensors, video cameras with computer vision, and machine learning algorithms. Some example companies include Gatik, Kodiak Robotics, and Nuro.
Bitcoin: As inflation becomes entrenched in many countries, the role of Bitcoin as a hard currency and store of value will grow in importance and acceptance. With the evolution of the Lighting Network as a payment layer on top of Bitcoin, we anticipate Bitcoin adoption to accelerate as both a store of value and a payment network. Bitcoin is enabled by a decentralized network of miners that validate and add new transactions to the ledger and nodes that maintain a copy of the entire ledger for security and consensus. Some example companies include Blockstream, Lightspark, and Strike.
Cybersecurity: The need for protecting against large-scale cyberattacks has never been higher due to the proliferation of connected devices and the significant financial losses that a cyberattack can cause. Cyber threats can attack different channels including email, data, the cloud, network servers, IoT devices, mobile devices, and software code. Technologies such as machine learning, behavioral biometrics, and data encryption enable cybersecurity solutions to more effectively prevent malicious behavior and protect user data. Some example companies include BlueVoyant, Deepwatch, and Lumu.
Defense Technology: As the leading world powers grapple with increased debt burdens and growing internal conflicts, the ability to maintain the world order decreases. In this unstable climate, vulnerabilities to attacks and the need to defend against them arise. Defense technologies are enabled by autonomous systems such as robotic dogs, drones, and unmanned underwater vehicles (UUVs), as well as by hypersonic missiles, the Internet of Military Things (IoMT), and directed energy weapons. Some example companies include Anduril Industries, Epirus, and Saronic.
Generative AI: Generative AI has seen growing sophistication in its ability to generate content across a variety of use cases including legal, HR, sales, and marketing. Its adoption is likely to accelerate due to its potential in increasing employee productivity. Generative AI is enabled by large language models (LLMs) which are trained on large datasets and can generate new content by predicting the most likely next content unit based on the preceding units. The generated content can range from text, image, video, to code. Some example companies include CodiumAI, Stability AI, and Writesonic.
Genomics: Genomics delivers diagnoses based on the patient’s unique genetic makeup and prescribes personalized treatments customized to said genetic makeup. It’s likely to see increased consumer demand due to its higher accuracy in timely diagnoses of diseases using the patient’s genes, and its higher effectiveness in remedying them. Genomics is enabled by technologies such as genome sequencing which analyzes the genes to detect mutations, and genome editing which corrects the defects in the genes to prevent or cure diseases. Some example companies include C2i Genomics, Maze Therapeutics, and Watchmaker Genomics.
Renewable Energy: As global warming and climate change prompt governments and businesses around the world to reduce their carbon footprints, renewable energy sources will continue to take center stage since they are an effective alternative to fossil fuel energy by releasing significantly less carbon dioxide in their generation. These energy sources include solar, wind, hydropower, tidal, and geothermal energy. In addition, energy storage solutions can enable excess energy to be stored for usage in times of spiked demand. Some example companies include Aer Soleir, Cordelio Power, and Sunprime.
Robotics: The precision and dexterity of robots in completing human tasks continue to improve due to innovations in AI and sensor technology. Their usage is likely to increase across different industries such as manufacturing, retail, logistics, and agriculture. Their key enabling technologies include computer vision to sense objects and environments, speech recognition to understand spoken commands, touch sensing to respond to human touch, and reinforcement learning to discover the desired behaviors through trial and error. Some example companies include Bear Robotics, Dexterity, and NEURA Robotics.
VR/AR: VR and AR are likely to see higher adoption due to recent innovations that have blurred the lines between the real and virtual worlds, as well as advancements in 5G connectivity and more affordable headsets. They have multiple use cases for consumers and businesses including entertainment, gaming, retail, remote collaboration, and training for healthcare and manufacturing workers. VR and AR are enabled by technologies such as 3D modeling, spatial computing, holographic displays, motion sensors, and haptic feedback technology. Some example companies include HIKKY, Transfr, and WIN Reality.
Whether you are looking to understand these industries or other technology industries, our custom research will provide you with the insights and data you need to make the best decisions. Below are the common components of our research projects, and they will be tailored to your specific goals. Contact us to get a custom report matching your exact specifications.
As we look into 2024, we summarize the top technology industries we are seeing here at Daybreak Insights. From the acceleration of Bitcoin as a global monetary network given entrenched inflation, to increased innovation in Defense Technology given geopolitical risks, to the evolving demand for personalized healthcare given the coming of age of Genomics, the magnitude of changes will be significant and will touch every aspect of our lives.
Below we present the top technology trends to watch in 2024.
Autonomous Vehicles: As autonomous vehicles appear more frequently on the streets and in mainstream conversations, consumer sentiment will continue to become more positive and accepting towards the technology. It is estimated that driver behavior or error constitutes a major factor in car accidents, and autonomous vehicles can reduce the number of accidents due to driver error. Autonomous driving is enabled by technology such as radar, sonar, and lidar sensors, video cameras with computer vision, and machine learning algorithms. Some example companies include Gatik, Kodiak Robotics, and Nuro.
Bitcoin: As inflation becomes entrenched in many countries, the role of Bitcoin as a hard currency and store of value will grow in importance and acceptance. With the evolution of the Lighting Network as a payment layer on top of Bitcoin, we anticipate Bitcoin adoption to accelerate as both a store of value and a payment network. Bitcoin is enabled by a decentralized network of miners that validate and add new transactions to the ledger and nodes that maintain a copy of the entire ledger for security and consensus. Some example companies include Blockstream, Lightspark, and Strike.
Cybersecurity: The need for protecting against large-scale cyberattacks has never been higher due to the proliferation of connected devices and the significant financial losses that a cyberattack can cause. Cyber threats can attack different channels including email, data, the cloud, network servers, IoT devices, mobile devices, and software code. Technologies such as machine learning, behavioral biometrics, and data encryption enable cybersecurity solutions to more effectively prevent malicious behavior and protect user data. Some example companies include BlueVoyant, Deepwatch, and Lumu.
Defense Technology: As the leading world powers grapple with increased debt burdens and growing internal conflicts, the ability to maintain the world order decreases. In this unstable climate, vulnerabilities to attacks and the need to defend against them arise. Defense technologies are enabled by autonomous systems such as robotic dogs, drones, and unmanned underwater vehicles (UUVs), as well as by hypersonic missiles, the Internet of Military Things (IoMT), and directed energy weapons. Some example companies include Anduril Industries, Epirus, and Saronic.
Generative AI: Generative AI has seen growing sophistication in its ability to generate content across a variety of use cases including legal, HR, sales, and marketing. Its adoption is likely to accelerate due to its potential in increasing employee productivity. Generative AI is enabled by large language models (LLMs) which are trained on large datasets and can generate new content by predicting the most likely next content unit based on the preceding units. The generated content can range from text, image, video, to code. Some example companies include CodiumAI, Stability AI, and Writesonic.
Genomics: Genomics delivers diagnoses based on the patient’s unique genetic makeup and prescribes personalized treatments customized to said genetic makeup. It’s likely to see increased consumer demand due to its higher accuracy in timely diagnoses of diseases using the patient’s genes, and its higher effectiveness in remedying them. Genomics is enabled by technologies such as genome sequencing which analyzes the genes to detect mutations, and genome editing which corrects the defects in the genes to prevent or cure diseases. Some example companies include C2i Genomics, Maze Therapeutics, and Watchmaker Genomics.
Renewable Energy: As global warming and climate change prompt governments and businesses around the world to reduce their carbon footprints, renewable energy sources will continue to take center stage since they are an effective alternative to fossil fuel energy by releasing significantly less carbon dioxide in their generation. These energy sources include solar, wind, hydropower, tidal, and geothermal energy. In addition, energy storage solutions can enable excess energy to be stored for usage in times of spiked demand. Some example companies include Aer Soleir, Cordelio Power, and Sunprime.
Robotics: The precision and dexterity of robots in completing human tasks continue to improve due to innovations in AI and sensor technology. Their usage is likely to increase across different industries such as manufacturing, retail, logistics, and agriculture. Their key enabling technologies include computer vision to sense objects and environments, speech recognition to understand spoken commands, touch sensing to respond to human touch, and reinforcement learning to discover the desired behaviors through trial and error. Some example companies include Bear Robotics, Dexterity, and NEURA Robotics.
VR/AR: VR and AR are likely to see higher adoption due to recent innovations that have blurred the lines between the real and virtual worlds, as well as advancements in 5G connectivity and more affordable headsets. They have multiple use cases for consumers and businesses including entertainment, gaming, retail, remote collaboration, and training for healthcare and manufacturing workers. VR and AR are enabled by technologies such as 3D modeling, spatial computing, holographic displays, motion sensors, and haptic feedback technology. Some example companies include HIKKY, Transfr, and WIN Reality.
Whether you are looking to understand these industries or other technology industries, our custom research will provide you with the insights and data you need to make the best decisions. Below are the common components of our research projects, and they will be tailored to your specific goals. Contact us to get a custom report matching your exact specifications.
As part of our custom research, we identify the companies in an industry category, test their products, and interview their management to produce a feature comparison scorecard. Below are the common components of our projects, and they will be tailored to your specific needs.
We will define the industry that you're interested in and its taxonomy by breaking it down into different functional categories, and will then identify the companies in each category.
We will define the industry that you're interested in and its taxonomy by breaking it down into different functional categories, and will then identify the companies in each category.
We will test drive products and interview companies to define the key product features in industry categories, and score selected companies on how well they integrate the feature into their products.
We will test drive products and interview companies to define the key product features in industry categories, and score selected companies on how well they integrate the feature into their products.
We will build a dataset of the companies in your industry categories, and provide their relevant information such as their descriptions, founding dates, locations, funding rounds, and funding amounts.
We will build a dataset of the companies in your industry categories, and provide their relevant information such as their descriptions, founding dates, locations, funding rounds, and funding amounts.
We will create a Daybreak Sunrise chart for industry categories, which showcase the emerging companies in a category that raised funding in the last two years, and positions them according to their total funding amounts.
We will create a Daybreak Sunrise chart for industry categories, which showcase the emerging companies in a category that raised funding in the last two years, and positions them according to their total funding amounts.
We will survey, interview, and analyze selected companies including testing their products firsthand to create in-depth profiles that showcase their key information such as technology capabilities, product features, and pricing model.
We will survey, interview, and analyze selected companies including testing their products firsthand to create in-depth profiles that showcase their key information such as technology capabilities, product features, and pricing model.
You can also email us at info@daybreakinsights.com.
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