The global market for robotics and artificial intelligence is set to explode in the coming years.
A recent forecast from Transparency Market Research (TMR), a New York-based market research firm, projects that the global robotics market will expand at a CAGR of 17.4% from 2019 to 2025.
Another report from Allied Market Research forecasts that the artificial intelligence market will achieve a CAGR of 55% from 2016 to 2025.
The iShares Robotics and Artificial Intelligence ETF (NYSE:IRBO) offers investors a change to gain exposure to these growing markets. Shares of the young ETF, which launched on June 26, 2018, have climbed 22% in 2019 so far.
However, it has dropped 2% over the past month.
Some of the top holdings in the ETF include Salesforce.com, a California-based software company. Its Einstein Artificial Intelligence software can predict sales and opportunities for businesses and provide insight on how marketing emails may perform.
The second-largest holding in the ETF is Cloudera, another California-based firm that provides a software platform for data engineering, data warehousing, machine learnings, and analytics.
Investors on the hunt for long-term growth in this sector should consider this ETF which is just coming off its first year of inception.
The robotics and AI market is poised for big growth over the next decade, likely in ways that are immeasurable as right now as the tech evolves. I’m targeting this ETF before the New Year.
