Twenty-first-century investors have the best innovation investment opportunities, and we currently live in the most innovative era ever witnessed. Technology has gone mainstream, and we have a hub of connectivity that has opened us to the world of innovation. There have never been more impressionable innovation investment opportunities than we have in this century.

The smartest move any individual investor or CIO can make is to try to be more futuristic about tech. Think of the ability of this innovation in years to come and what problems it could solve. Meanwhile, innovation investment doesn’t always mean money investment, as innovation processes may require money, time and human resources, and more. There are lots of innovations out there, but only a few are worth putting your money into. Keep reading to find out more.

3 Innovation Investment Opportunities

E-cigarette

Vaping has become a major trend today. The number is rapidly increasing, making it a smart innovation investment you can put your money on. The last few years have witnessed a rapid rise in the number of people who constantly use vapes and other e-cigarette items. According to the BBC, the number of vapes increased from 7 million in 2011 to 41 million in 2018, and it’s still on the rise. Euromonitor has estimated the number of adults who vape to reach 51 million by 2021. The e-cigarette market is growing and expanding. Vapers in France, the U.S., and the United Kingdom spent over $10 billion on e-cigarette products and smokeless tobacco in 2018.

Stores all over the world are flooding their shelves with vapes and e-cigarette accessories. Vape flavors have taken over the cloud of smoke that you’d find almost everywhere some years back. There is a raging success in this market as it has a large fan base. However, recent news claims have made it clear that e-cigarettes are dangerous to your health. So opt to invest in e-cigarette and vaping companies that only sell natural products, such as CBD vape oil.

Smart Home Solutions

Things have gotten a lot smarter these days. Technology has upgraded into giving us seamless living experience in our homes and now; there are smart home solutions that combine technologies including temperature and humidity regulator, smart TV, smart doorbells, smart alarm system, and surveillance cameras in your home. Homeowners can easily navigate internet-connected devices to enable remote management and monitoring of all appliances and systems in their homes.

There is a high revenue in the smart home market. The revenue amounts to $90,968 million in 2020. Revenue is expected to show a 15% annual growth rate, which by 2024 will amount to a market volume of $158,876 million. Investing in one of the smart home top companies is a great innovation investment opportunity right now and, in the future, to come.

Software

It doesn’t seem like we can accomplish anything without the right software. Software has been an excellent choice of investment. It cuts across every firm, so an investment in a software or software company right now is one of the biggest opportunities you can take.

Companies use software to report and manage data, manage portfolios, handle accounting, model financials, and many more. Hospitals use software to keep patients and staff information. Individuals also use software. The software business is flourishing, and it is impressively easy to grab opportunities and make an entrance into the software market.

Which innovation investment opportunity will you pursue?