5 Sectors in Global Tech with Opportunities for US Talent
There is a new wave of globalization happening. The first wave of globalization was colonialism, the second wave was developed countries outsourcing to emerging markets, and the third wave is about people around the world collaborating in a remote environment.
In this third wave of globalization, which we at Alariss call Globalization 3.0, there are enormous opportunities for US professionals to pursue global careers. That is why at Alariss, we match top US sales and business development talent with global tech companies and act as the Employer of Record (EOR). If you’re looking for your next career opportunity, you can apply to sign up with Alariss here.
There are five sectors in global tech in particular that have opportunities for US talent. They are:
1. Artificial intelligence (AI)
Artificial intelligence is being adopted by many companies in most major industries. It’s being used in finance, healthcare, transportation, retail, manufacturing, and more.
A number of global AI companies are expanding. Our partner company Vanti Analytics, based in Tel Aviv, Israel, helps manufacturers detect and predict faulty units. Another partner company of ours, SwitchOn, helps prevent manufacturing defects.
2. Crypto and blockchain
Crypto and blockchain are booming. Venture capitalists have invested more in crypto projects this year than in the previous 10 years combined, according to PitchBook data cited by The New York Times. There has been growing investor interest in Web3, or decentralized online platforms on the blockchain. China has cracked down on crypto, chilling investment in the crypto industry in China, but globally the crypto industry is booming.
Global blockchain funding reached $15 billion in the first nine months of 2021, a massive increase over previous years, and global funding reached an all-time high in the third quarter of 2021, according to a report by CB Insights. In the third quarter of 2021, there were 137 blockchain deals in the US, 65 deals in Asia, 51 deals in Europe, 9 deals in Latin America, and 8 deals in Canada, with an average global deal size of $21 million.
Major global blockchain startups, listed by CB Insights, include Sorare, a global fantasy football game based in Paris, France; Bitpanda, a crypto trading platform based in Vienna, Austria; Dapper Labs, a blockchain games platform based in Vancouver, Canada; Blockstream, a blockchain infrastructure company based in Victoria, Canada; Mercado Bitcoin, a crypto exchange based in Sao Paulo, Brazil; and CoinDCX, a crypto exchange based in Mumbai, India.
3. Clean tech and low-carbon solutions
The US and other major countries have committed to reducing carbon emissions by ambitious amounts to combat climate change; a number of countries have committed to net zero emissions by 2050. As a result, this is a good time to be working at a clean tech startup to help the world be less reliant on fossil fuels.
There are a number of global clean tech startups. For instance, Akselos, based in Lausanne, Switzerland, helps with engineering simulation technology for wind turbines and other uses. BreezoMeter, based in Haifa, Israel, provides environmental intelligence. And ZOLA Electric, based in Amsterdam, the Netherlands, provides solar power.
4. Augmented and virtual reality (AR and VR)
The metaverse is rapidly expanding. Facebook recently changed its company name from Facebook to Meta to highlight its commitment to building in the metaverse.
Augmented and virtual reality (AR and VR) are expected to become a $95 billion market by 2025, according to a Goldman Sachs estimate cited by McKinsey. AR and VR see most of their applications in video games, live events, and video entertainment, but they have applications in a wide range of areas, including retail, healthcare, education, the military, and real estate, according to McKinsey.
There are a number of global AR/VR startups. Psious in Barcelona, Spain, provides a virtual reality platform for mental health treatment. Resolution Games in Stockholm, Sweden, is a VR/AR video games studio. And Innoactive, based in Munich, Germany, makes it easier for employers to train employees and customers in VR.
5. Autonomous vehicles and smart mobility
The technology for self-driving cars is rapidly improving. According to Bloomberg, Waymo, the sister company of Google, is “99% of the way to self-driving cars.”
There is substantial investment going into mobility startups in China, the United Kingdom, Israel, and the European Union, according to a report by McKinsey.
There are a number of autonomous vehicle and smart mobility startups around the world. For instance, aiMotive in Hungary and Pony.ai in the US and China are developing self-driving car technology. Aurora Labs in Israel is working on “self-healing software” for cars. Ridecell, which has offices in the US, Germany, France, Japan, and India, works on fleet management systems.
These five sectors are full of opportunities for growth. If you’re interested in pursuing a global career in tech, you should consider signing up with Alariss. We can match you with global employers in tech. You can sign up here.