8 Most Amazing Technologies Set To Rule the World

Here are 8 Amazing Technologies that are set to rule the world. They are presented here in descending order. 

#8 Genomics And Personalized Medicine

The genomics market is already exploding, and sales could increase to $2.1 billion by 2015, compared with $700 million in 2005. So far, cancer screening, pre-natal testing, and "companion diagnostics" (which are used to determine how safe another type of therapy is), are the three main areas where this tech is getting used, but in near future the technology may be used for various other reasons too.

#7 Mobile Payments

It’s already big in Japan with 55 penetration, as well as emerging markets where cell phones rule. In developed markets, it's likely to be limited to transit and retail transactions.

With about six billion phone subscriptions globally, according to Canada-based IE Market Research Corporation, mobile payments will see a $1 trillion of transaction value by 2016, opening up for new mode of payment.

#6 Energy Exploration Technology

The shale revolution has only just begun with US leading the way in shale extraction, but it only possesses 13 percent of recoverable shale gas worldwide, so there should start to be more rapid global expansion. Subsea processing equipment has the potential to be a $100 billion per annum market by the next decade. Offshore oil and gas production already accounts for 45 percent of incremental supply.

#5 Oil To Gas Switching

CNG vehicles will continue to see robust growth around globe excluding US. The forecasting firm IHS estimates that global CNG are likely to grow from 0.9 percent of global auto production to 1.1 percent by 2020.

#4 Over The Top Content

Streaming is already growing popular pushing TV ratings down to 1.2 percent since 2010. Meanwhile, Netflix subscriptions grew nearly 70 percent during the same period. Fast internet, mobile devices, and the success of the earliest firms are driving the market’s growth.

#3 The SaaS Opportunity

In 2012, the SaaS market grew 26 percent to become an $18B market according to market research firm IDC.  According to Citi's survey, SaaS has already captured 8 percent of their software wallets so far and firms expect to increase spending to 70 percent of their budget over time — a 9-fold increase.

#2 Software Defined Networking

Thanks to its affordability, SDN is expected to grow from just under $360 million in 2013 to $3.7 billion in 2016, according to IDC.

#1 Solar Photovoltaics

As solar gets cheaper, it will be possible to use it when there's less sunlight out. The IEA (International Energy Agency) under their base case are forecasting that solar will receive $1.3 trillion of investment in new capacity between 2012-35, representing 13 percent of the total global investment in power generation, ahead of gas, and only marginally behind coal.

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Deepesh Divakaran