As the market changes and certain technologies become outdated, new businesses and companies that offer new products and services are likely to emerge. When a tiny number of companies operating in the same field are focused on an idea or technology that is in the early stages of development, they create what is known as an emerging sector. Investments in emerging industries could give your portfolio:

• Diversification
• Growth

Cloud Computing

The trend of remote working has been gaining a lot of attention in the last decade, but the global conditions caused by the pandemic have made it easier to transition into it from 2020. Since remote workers and businesses require methods to simplify their day-to-day activities, cloud computing technologies have come in to save the day. The global cloud computing market size will reach $1,251.09 billion over six years. It is expected to grow at a compound annual rate of 19.1 percent until 2028. The top companies to buy into cloud computing include:

• Salesforce
• Zoom Video Communications
• Veeva Systems
• Unity Software
• The Trade Desk

Biotechnology

The success of developing vaccines that fight the ongoing pandemic has resulted in a substantial rise in the popularity of the biotech business. In the last few months, venture capital investment in life sciences has reached records, bringing in around $30 billion within the U.S. Pacific Northwest. The world's biotechnology market is expected to grow to $2.44 trillion in 2028. This is an annual compound growth rate of 7.4 percent. Biotech is booming, and that is attracting investors and entrepreneurs.

Data Analytics

This new industry is now the basis of business success across all industries. Companies are now focusing on research and data collection as essential business operations, which serves as a key basis for establishing solid strategies in the development of products and customer satisfaction, among others. The business intelligence market in the world is currently worth $30.9 billion.

Artificial Intelligence

Much to the delight of sci-fi fans, AI is everywhere these days. This sector has brought numerous industries a fresh perspective by permitting them to automate some of their most essential tasks and supplying them with the latest technology. It's no wonder that the world AI market size is projected to grow at an annual compound growth rate of 40.2 percent by 2028 and could reach more than $190.61 billion in 2025. The companies that you can add to your AI list include:

• C3.ai, Inc.
• SentinelOne, Inc.
• Palantir Technologies Inc.
• DocuSign, Inc.

Real Estate

We're living in a time of uncertainty, and the current economic risk posed by the pandemic made many wonders whether real estate investment will be worth the risk in 2022. A low mortgage rate could mean access to lower loans in real estate, and purchasing a property and renting it out could yield greater returns.

However, there is a possibility that the Federal Government is expecting to stop the mortgage stimulus program in April of this year, which will mean significant increases in mortgage rates in the market in the coming years. This will put pressure on real estate investors to secure an investment property before the time that the first quarter of the year comes to an end. Instead of buying an item of property, investors could invest their money into the trusts that invest in real estate. The following are the ones that have the highest growth as of January 2022.

• Life Storage Inc.
• Mid-America Apartment Communities Inc
• Russell 1000
• Real Estate Select Sector SPDR Fund

Green Energy

Experts say Renewable energy is the fastest-growing source of energy in North America. Over the last ten years, this rapidly growing industry has grown by more than 100%. Since the federal government is funding clean energy sources, the coal industry's decline is rapidly speeding up. According to Forbes, 2022 will be an unprecedented year for renewable energy development. This being said, these are the renewable energy stocks you should keep in mind.

• Atlantica Sustainable Infrastructure
• ChargePoint Holdings
• SunPower

Pharmaceuticals

The current situation in the world has revealed how crucial the healthcare and pharmaceutical industries are. The need for more efficient and better treatment for existing ailments and new diseases will never cease, and it will keep healthcare and pharmaceutical businesses thriving for a much longer time to come. According to the U.S. Bureau of Labor Statistics states that over 7 years, the health sector will create around 2.6 million jobs. This is a great indication of the rate at which the industry is expanding. Some of the top pharmaceutical stocks to watch in 2022 include:

• Pfizer
• Johnson &'' Johnson
• Bristol Myers Squibb
• AbbVie